Iraq Dinar News-Iraqi Dinar-Liquidity-Sudani Report-Digital Phase-Supreme Court Ruling-Text SMS-ATMs

Iraq Dinar News-Iraqi Dinar-Liquidity-Sudani Report-Digital Phase-Supreme Court Ruling-Text SMS-ATMs

MilitiaMan and Crew:  10-6-2024

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=7E1b5sikkPY

“Humor While We Wait” Posted by Mot at TNT

TNT:

Mot:  The Curtain Rods

She spent the first day packing her belongings into boxes, crates and suitcases.

On the second day, she had the movers come and collect her things.

On the third day, she sat down for the last time at their beautiful dining room table by candle light, put on some soft background music and feasted on a pound of shrimp, a jar of caviar and a bottle of Chardonnay.

When she had finished, she went into each and every room and deposited a few half-eaten shrimp shells dipped in caviar, into the hollow of the curtain rods. She then cleaned up the kitchen and left.

When the husband returned with his new girlfriend, all was bliss for the first few days. Then slowly, the house began to smell. They tried everything cleaning, mopping and airing the place out.

Vents were checked for dead rodents and carpets were steam cleaned.

Air fresheners were hung everywhere. Exterminators were brought in to set off gas canisters, during which they had to move out for a few days, and in the end they even paid to replace the expensive wool carpeting.

Nothing worked. People stopped coming over to visit. Repairmen refused to work in the house. The maid quit.

Finally, they could not take the stench any longer and decided to move.

A month later, even though they had cut their price in half, they could not find a buyer for their stinky house. Word got out and eventually even the local Realtors refused to return their calls.

Finally, they had to borrow a huge sum of money from the bank to purchase a new place.

The ex-wife called the man and asked how things were going. He told her the saga of the rotting house. She listened politely and said that she missed her old home terribly, and would be willing to reduce her divorce settlement in exchange for getting the house back.

Knowing his ex-wife had no idea how bad the smell was, he agreed on a price that was about 1/10th of what the house had been worth, but only if she were to sign the papers that very day.

She agreed and within the hour his lawyers delivered the paperwork.

A week later the man and his girlfriend stood smiling as they watched the moving company pack everything to take to their new home......Including the curtain rods.

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Mot: .. Good Job 

Mot: . Truth be Known 

Mot: Clever he Can Beeeeee   

Mot:  with the Gas Prices so out of Hand!!!! 

Mot: . poor ole ""Opal""

5 Financial Habits Keeping You Broke

5 Financial Habits Keeping You Broke, According to Money Expert Michela Allocca

Caitlyn Moorhead  Thu, October 3, 2024   GOBankingRates

The strategies and habits that lead to your personal financial success aren’t just comprised of big investments and down payments, but also of knowing which things to avoid. According to money expert and financial analyst Michela Allocca, a rising voice in personal finance, certain financial habits are major contributors to keeping people broke.

She said, “Personal finance success is 10% strategy and 90% behavior. There are so many things you can do that are external of your income to help ensure you stay on the right path.”

So many money moves are positive, such as starting an emergency fund, diversifying your portfolio or maximizing your 401(k). However, keep reading to discover the five habits Allocca says you should break unless you want to stay broke.

Earning passive income doesn't need to be difficult. You can start this week.

Not Keeping a Grocery List

If you are living paycheck to paycheck and spending every dollar you earn, there’s no room for impulse buying at checkout if you want to start saving.

Grocery shopping is inevitable, but Michela Allocca said it doesn’t have to derail your monthly budget. Keeping a grocery list is a great way to ensure you stick to your budget while shopping.

“Having a grocery list and shopping my pantry makes it so much easier to save money on food and not waste anything,” added Allocca. “It’s a simple habit that makes a big difference!”

Not Tracking Your Expenses

One of the most common mistakes people make is failing to create and stick to a budget. One of the biggest culprits in this is not tracking your expenses.

“You need to be doing this to know where your money is going,” she said.

Allocca stressed that budgeting is not about restriction but about clarity and control over your money. Without a clear plan, it’s easy to overspend and lose track of where your money is going.

Signing Up For Shopping Email Lists

TO READ MORE:  https://www.yahoo.com/finance/news/5-financial-habits-keeping-broke-180032867.html

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 10-6-24

Good Afternoon Dinar Recaps,

BANK OF ENGLAND WANTS TO ENSURE TOKENIZED WHOLESALE TRANSACTIONS USE CENTRAL BANK MONEY

During a speech on October 3rd, the Bank of England’s Sasha Mills outlined the need for tokenized wholesale transactions to be settled in central bank money. Ms Mills is the Executive Director of Financial Market Infrastructure.

“If central bank money is unable to interact with new technologies, there could be a risk of high value wholesale settlement activity moving away from central bank money to private settlement assets, weakening financial stability,” she said.

Ms Mills outlined some of the options to ensure transactions continue to be settled in central bank money. That’s especially relevant since applications opened for the Digital Securities Sandbox, a joint initiative between the Bank and the Financial Conduct Authority.

The first option is to use the omnibus account facility. This allows banks to transfer money to a shared central bank account, where the cash is tokenized as a joint token. That’s the model of Fnality which went live (with limits) last year. 

The Bank also has a long term plan to extend the hours of its renewed RTGS system and is planning a synchronisation interface. This will be an extension of work done as part of Project Meridian which completed last year. Plus, the bank is considering a wholesale CBDC.

In late July the Bank published a discussion paper on innovation in money and payments, inviting input on the synchronisation work and a potential wholesale CBDC. The deadline for feedback is at the end of October. The Bank is also taking part in Project Agorá, which explores the upgrade of correspondent banking using multiple wholesale CBDCs.

“There’s a huge amount of work taking place in industry around the adoption of digital assets; unless we’re alive to this work, the speed at which certain markets and activities become systemic may outpace the ability of policymakers to build infrastructures and frameworks to respond,” said Ms Mills.

The desire for central bank money
It’s worth circling back to why central banks are so keen on using central bank money. The settlement of tokenized assets can use delivery versus payment. Hence, there’s no risk that one party hands over the funds but doesn’t receive the asset. However, that only addresses counterparty risk. 

There’s still credit risk. In other words, if the buyer has money at a bank to pay for the assets, it’s possible the commercial bank could go bust before the settlement.

@ Newshounds News™

Source: Ledger Insights 

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RIPPLE VS SEC NEWS: IS GARY GENSLER ON THE VERGE OF GETTING FIRED?

The SEC recently filed an appeal in the ongoing SEC vs. Ripple case, challenging Judge Torres’ ruling. Many analysts have already discussed reasons why this appeal likely won’t succeed, given the low odds of overturning the original decision. 

Ripple’s Chief Legal Officer, Stuart Alderoty, had previously pointed out that the success rate for appeals in similar cases is around 10%, making the SEC’s current appeal an uphill battle.

The ongoing appeal in the XRP lawsuit has had an impact on the market, with XRP’s price dropping significantly following the SEC’s announcement to appeal. Critics, including Ripple CEO Brad Garlinghouse, argue that the SEC’s regulatory approach is harming the industry rather than protecting investors.

Recent meetings within the SEC have revealed increasing dissatisfaction among former and current commissioners regarding the agency’s direction, with calls for a reevaluation of its regulatory strategy. Many are expressing concerns over the SEC’s overreach and the unintended consequences of its enforcement actions, particularly in the case of XRP.

Robert B. Stebbins, General Counsel of the Securities and Exchange Commission, said in a meeting, “I don’t think that the current structure is working very well. I don’t like the idea that, from a big picture, the SEC has someone in corporate finance determining whether something is an important social good—and you’re not, and you’re paying for it.

I think that’s a very ugly argument to make in the fifth circuit when you just look at the last 25 years. Right now, we’re going to have a whole new structure. So, I think the SEC has to be very careful about where they’re going.”

Recent turmoil within the SEC, including the resignation of two lawyers due to misconduct, has intensified scrutiny on Gensler’s leadership. With calls for greater awareness around his actions, some analysts suggest that raising public consciousness about the SEC’s overreach could lead to accountability.

@ Newshounds News™

Source:  Coinpedia

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URUGUAY ENACTS BILL 20.345: URUGUAY’S LEGISLATIVE ADVANCES IN CRYPTOCURRENCY OVERSIGHT

▪️Uruguay passes Bill 20.345, positioning itself as a global and regional leader in cryptocurrency regulation.

▪️The new law categorizes cryptocurrencies, establishing a framework that recognizes digital assets distinct from fiat currency.

Uruguay has recently made significant strides in regulating the cryptocurrency sector with the enactment of Bill 20.345, focusing on Bitcoin (BTC) and other digital currencies.

This legislation positions Uruguay as a pioneer not only in Latin America but also globally, where few jurisdictions have established specific legal frameworks for cryptocurrencies.

As reported by Crypto News Flash, Uruguay now joins nations like El Salvador, Brazil, Argentina, and Venezuela, which possess some of the most developed cryptocurrency regulations in Latin America. This development has sparked both national and international discussions about the implications of such regulation.

The Uruguayan Fintech Chamber (CUF) was among the first to comment on the law, praising the government’s initiative as a significant first step in addressing cryptocurrency operations and recognizing them more formally within the national economy.

According to the CUF, the law establishes a basic framework that acknowledges cryptocurrencies, treating them as assets rather than fiat currency. This is seen as a crucial move towards legitimizing crypto currencies in Uruguay, providing clear guidelines for exchanges and other businesses in the sector to operate legally and transparently.

In the long term, this law has the potential to transform the financial landscape in Uruguay, attracting new investors and companies in the fintech sector.

 In addition, it provides a solid foundation for the development of new technologies and financial services based on virtual assets, which could position Uruguay as a benchmark in the region. – Uruguayan Fintech Chamber.

Furthermore, the legislation categorizes digital currencies into four types as defined by the Central Bank of Uruguay: “value currencies,” “utility tokens,” “stablecoins,” and “others.” This classification aims to create a more transparent regulatory environment and is a key aspect of the law highlighted by Uruguayan lawyer Juan Echeverría.

He noted that this categorization is vital for clarifying the legal status of different types of digital currencies and enhancing measures against money laundering and terrorism financing.

However, the law also introduces challenges, particularly concerning its implementation. The Central Bank of Uruguay is expected to issue detailed regulations in the coming months, which will include the steps for registering cryptocurrency platforms and the operational and legal requirements these entities must fulfill.

For the Fintech Chamber, understanding how these regulations will be executed and the timelines involved is critical. The ability of businesses to quickly adapt to these new legal and operational demands will be essential for the sustainable growth of the sector.

@ Newshounds News™

Source:  Crypto News Flash 

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El Salvador doubles down on Bitcoin, defies IMF concerns  |  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

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Economist’s “News and Views” 10-6-2024

US Debt Clock.org Ultimate Guide | US National Debt - PT. 1

Taylor Kenny:  10-6-2024

Explore the rising U.S. national debt and its impact on your financial future.

 Learn why debt per taxpayer is over $270,000 and what it means for the economy moving forward. Stay tuned for part two to find out what’s coming next.

CHAPTERS:

00:00 - Introduction

00:31 - Debt Per Citizen vs Debt Per Taxpayer

01:45 - U.S. Spending and Deficit

02:54 - U.S. Debt-to-GDP Ratio

 03:32 - Consequences of High Debt

04:36 - Preparing for What's Next

https://www.youtube.com/watch?v=kKZ8w5r1Dgg

De-Dollarization: China Squeezes USD Debt By Guaranteeing RMB Bonds In The Global Markets

Sean Foo:  10-6-2024

The currency wars are heating up with China using their world bank to guarantee RMB bonds. This is a big move to internationalize the Chinese currency while chipping away at US dollar dominance in the debt market.

Here's how it works and why this could evolve into a big threat against the dollar system.

Timestamps & Chapters:

0:00 China Challenges USD Debt

 3:14 Beijing Guarantees RMB Loans

4:41 Sponsor: Invideo AI

6:21 China To De-Dollarize Global Trade

10:10 China Economic Plan

12:48 China Debt War Escalates

https://www.youtube.com/watch?v=tNuGmecGM6Y

Hungary SHOCKS the EU by Joining BRICS… What the Hell Is Happening?

10-6-2024

As Hungary faces growing tensions with the European Union over democratic standards and foreign policy, Prime Minister Viktor Orban's government is increasingly looking eastward.

 With legal actions and frozen funds looming, Hungary is finding new opportunities in BRICS, the global bloc challenging Western dominance.

What are the implications of Hungary's shift toward BRICS for its future and the EU?

Find out in this deep dive into Hungary's evolving geopolitical strategy.

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

More News, Rumors and Opinions Sunday Afternoon 10-6-2024

KTFA:

Frank26:  "TRIPARTITE BUDGET IS READY BECAUSE OF THE MONETARY REFORM SUCCESS.".....F26

 Salaries are secured.. Finance Committee: Discussing 2025 budget schedules to begin next month

 Baghdad

The Parliamentary Finance Committee announced that it will begin discussing the 2025 budget schedules early next November.

Member of the Finance Committee, Mohammed Nouri, said in a statement to the official newspaper, followed by (Mawazine News): "The committee reiterated that employees' salaries are fully secured until the end of the current year, and there is no delay."

He added that "the committee is working through its meetings with financial specialists in the Ministry of Finance and the Central Bank to address the delay in financing governorate allocations and ongoing projects, and to launch project packages in the coming few days.

" Nouri indicated that "the committee will begin discussing the 2025 budget schedules early next November, in order to ensure employees' salaries, project allocations, and other financial obligations."

LINK

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Frank26:  "DATA FOR THE HCL DISTRIBUTION"...........F26

2024 Census.. Planning receives 125 thousand tablets and stresses the confidentiality of citizens’ data

10/2/2024

The Ministry of Planning announced that it has received 125,000 tablets that will be used by researchers and enumerators to conduct the general population census, which is expected to be implemented on the 20th of next month.

The ministry's media spokesman, Abdul Zahra Al-Hindawi, said in a press statement, "The past few days witnessed the arrival of 125,000 tablets to the ministry, which will be distributed among researchers and enumerators in the governorates to conduct the general population census that will be implemented on the 20th and 21st of next November, noting that a curfew will be imposed on these days to facilitate the procedures of the census employees."

He added that his ministry had prepared early to conduct the general population and housing census after efforts and preparations to implement the census had reached their peak, having made several strides through training and qualification operations for enumerators and researchers.
Al-Hindawi explained that the aim of the census is to draw a picture and map of the demographic reality to diagnose development gaps and gaps and create an image represented by numbers, statistics, details, data and development reality through sectors related to the characteristics of life. 

He stated that the information that researchers will obtain from citizens will be of the highest degree of confidentiality and will be used exclusively for census purposes, noting that this procedure seeks to achieve development goals and diagnose the defect in order to develop solutions through a long-term plan that depends on the accuracy of the data to reach and identify the drawing of the new map that includes all the needs and services that should be provided.  LINK

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
We seeing in TV a special report show saying what if 1000 dinars became 1 dinar.  They talking about deleting the zeros again.  They've been showing this all day.  They just repeat it over and over again.  And they're saying it's all tied to the reforms.  They talk about all the good and some of the bad...We never seen them talk like this before.  FRANK:  These are the commercials we talked to  you about that were going to be educating you on the purchasing power...They are telling you they lifted 3 zeros from the exchange rate in order for that 1,000 note to become a 1 note...They are not lifting the 3 zeros from your physical cash.

SkyWalker   Flashback Article:  "23 June 2011 the Central Bank of Iraq announced it is planning to delete zeros from the Iraqi dinar, and add Kurdish to the Arabic text on the notes. Said the adviser of Iraqi Central Bank governor Mothahhar Mohammed Saleh, 'The project of deleting zeroes is complete. It will be submitted to the central bank’s administration in the next session. Then, it will be passed to the ministerial council before presenting it to the Parliament for vote. The mechanisms of changing the currency will be gradual. It will be preceded by awareness campaigns for citizens. The new currency will be printed after deleting the zeros and will include the Kurdish language in addition to the Arabic language. It will bear as well photos of Iraq’s civilizations and patrimony in addition to symbols of Iraqi intellectuals and figures.”  There have been similar reports of revaluing the dinar since 2007, but to date none have come to fruition.

US ECONOMIC DECLINE: Money Supply Contraction, Recession, Tariffs on Americans| Dr. Steve Hanke

Lena Petrova:  10-6-2024

Despite official economic data showing a strong labor market and a decline in inflation, US consumers suspect that there may be much more to the story.

As the Federal Reserve cuts rates and the latest jobs report beats all expectations , US economic growth is expected to fall behind that of China and India.

So - what IS really going on? Today I’m very excited to have an opportunity to connect with Dr. Steve Hanke, a well known American economist.

He is a Professor of Applied Economics and Founder and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore.

https://www.youtube.com/watch?v=po4iCyttgZg

Seeds of Wisdom RV and Economic Updates Sunday Morning 10-6-24

Good Morning Dinar Recaps,

IMF COMPARES CBDC, FASTER PAYMENTS, E-MONEY

The International Monetary Fund (IMF) recently published a paper exploring potential choices between central bank digital currency (CBDC), faster payment systems (FPS) and e-money. Given the IMF’s focus on emerging markets, it highlights the threat to monetary sovereignty of dollar stablecoins and foreign CBDCs.

As always, local circumstances and priorities will influence choices. However, in many economies the three types of payment systems are expected to coexist in the future. The combination of different systems removes any single point of failure, helping to ensure resiliency.

All three types provide efficient instant payments. And they can all enhance financial inclusion, although technology can be a barrier for some users.

Unique advantages of CBDCs
However, the IMF views CBDC as having two unique benefits. By far the largest is ensuring retail access to central bank money continues as cash usage declines. It highlights the downward spiral with cash. As people use it less, fewer merchants remain willing to accept it.

Access to a CBDC addresses the two key monetary sovereignty threats of stablecoins and foreign CBDCs.

“Although stablecoins have not gained much use outside of crypto-asset ecosystems in advanced economies, preliminary data suggest that in emerging and developing market economies, they are being used in a limited capacity for cross-border transactions and remittances (FSB 2024).

The same analysis also suggested that there was a perceived preference for US dollar-denominated stablecoins as a store of value in countries with high inflation, currency devaluation, or the presence of capital flow measures,” the authors wrote. They warn that if there’s significant adoption, a stablecoin could start being used as an alternative unit of account.

The other area where it believes a CBDC can help is competition. A private FPS could inhibit competition, and most e-money systems are closed loop and could become monopolistic.

By contrast, the IMF believes that a CBDC can lower the barriers to entry for nonbank payment service providers, enhancing competition.

@ Newshounds News™

Source:  Ledger Insights

~~~~~~~~~

RIPPLE NEWS: XRP HOLDERS RALLY AGAINST SEC APPEAL, THREATEN LAWSUIT!

▪️XRP holders are petitioning against the SEC's appeal in the Ripple case and considering legal action.

▪️Attorney Rispoli believes a lawsuit against the SEC is possible but challenging, citing the Madoff case as a precedent.

▪️Rispoli emphasizes the need for reforms within the SEC to address corruption and improve transparency.

As tensions rise in the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), XRP holders are speaking out on social media platforms like X.

They have launched a petition titled “Stop the SEC’s Unnecessary and Frivolous Appeal in the Ripple v. SEC Case,” which has attracted nearly 5,000 signatures.

Can a Petition Against the SEC Succeed?
In a recent podcast episode with Thinking Crypto, attorney Fred Rispoli discussed the potential outcomes of the petition and whether individual investors could sue the SEC. When asked if a petition against the SEC could succeed, Rispoli responded positively but cautioned that winning such a case would be difficult.

He highlighted that John Deaton, who has gained support from 75,000 people, might consider filing a case against the SEC. However, Rispoli pointed out the challenge of proving that the SEC acted outside its legal authority.

“And there are certainly some arguments to make that happen, especially as the revolving door has become a little more grotesque and easily, more easily able to be discovered through civil discovery, for example. But that happened in the Madoff case, where everybody that got screwed by Madoff sued the SEC and they lost on the grounds that the SEC was immune and the opinion was scathing.

 The second circuit said the SEC was incompetent, imbecilic, and derelict in their duties, but they were just bad at their jobs. They didn’t go outside of the range where they could be liable, civilly liable for that.”

It’s Not Going to Be Easy!

While there is a chance for a lawsuit, Rispoli acknowledged the challenges involved. He expressed his strong support for Deaton, saying he would not want anybody else leading that charge other than Mister Deaton himself.

He also emphasized the need for broader reform within the SEC, calling for increased transparency and efforts to root out corruption beyond the current case.

@ Newshounds News™

Source:  Coinpedia

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HEDERA HBAR HOLDERS AN ETF MAY BE CLOSE - HUGE MOVES ARE HAPPENING  |  Youtube

@ Newshounds News™

~~~~~~~~

Unchartered Territory the Constitution Call  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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

News, Rumors and Opinions Sunday AM 10-6-2024

Note From Dinar Recaps:

To our newest readers,

If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.

We hope all of our dreams come true very soon.

Your Dinar Recaps Team

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. 6 Oct. 2024

Compiled Sun. 6 Oct. 2024 12:01 am EST by Judy Byington

Judy Note:

Sat 5 Oct. 2024 Major Alert: Bank of America has gone offline Worldwide. Zero balances in accounts. Withdraw all funds from your bank account now!

On 14 March 1900 123 years ago: The Gold Standard Act was an Act of the United States Congress, signed by President William McKinley and effective on March 14, 1900, defining the United States dollar by gold weight and requiring the United States Treasury to redeem, on demand and in gold coin only, paper currency the Act specified.

Global Currency Reset: (Opinions/Rumors)

Sat. 5 Oct. 2024 Wolverine: With the news that the Pentecostal group has finally released payments to their leaders it’s the start of the domino effect that soon others will start soon as well. The Precatorias should start by this week and hopefully the rest will follow. Please remain patient and believe this is happening. With the release of the Pentecostal group it’s a sign that this has started. Glory to God. God bless everyone of you. Your friend Wolverine

Sat. 5 Oct. 2024: IRAQI DINAR NEWS: WOW US Banks Now Accepting 25,000 IQD Note| DINAR NEWS 2024 | IRAQI DINAR NEW UPDATE – amg-news.com – American Media Group

Sat. 5 Oct. 2024: QFS NEWS: All Banks are Transitioning Over Into the QFS – Start Getting Hold of the ISO 20022 XLM and XRP – 8 Billion People Will Inevitably Transition to the QFS – amg-news.com – American Media Group

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Global Financial Crisis CHECKMATE!!! The Black Swan Event: A Financial Apocalypse with Stock Market and Bitcoin Collapse, Power Grid Blackout, and EBS-Triggered Quantum Energy Revolution

The looming Black Swan Event will trigger a financial apocalypse, devastating not only the stock market but also Bitcoin and other cryptocurrencies. This catastrophic collapse will reach far beyond the financial sector, pulling even the power grid into disarray. As the world teeters on the edge of this unprecedented disaster, the Emergency Broadcast System (EBS) will signal the turning point, ushering in the downfall of the controlling cabal and the start of a new era powered by quantum energy. Are you ready for the reset as the old world crumbles?

Financial Collapse: A Black Swan Event on the Horizon: A Black Swan event is often unforeseen and has far-reaching consequences, especially in finance. This time, however, the collapse won’t be limited to stock markets. It will engulf Bitcoin, cryptocurrencies, and potentially disrupt global infrastructures. The fallout could be devastating, triggering a sequence of events that leads to a worldwide blackout, a signal of the need for a total reset of the financial and energy systems as we know them.

The Stock Market’s Imminent Crash: The financial system, with its unsustainable levels of debt, excessive Federal Reserve intervention, and unchecked greed of Wall Street, is standing on the brink of collapse. This isn’t just another correction or market downturn-it’s a complete unraveling. Cryptocurrencies, once seen as safe havens, will be hit just as hard, if not harder. Their collapse will reverberate across markets, making previous financial crises look insignificant by comparison.

With the EBS heralding a new age, we may witness a shift from traditional energy sources like nuclear power to quantum energy, transforming how the world functions. The reset will not only mark the end of the financial order but also the start of a new system that promises to revolutionize the global power structure. Prepare for the end of one world and the beginning of another.

Read full post here:  https://dinarchronicles.com/2024/10/06/restored-republic-via-a-gcr-update-as-of-october-6-2024/

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

Militia Man  Everybody should be going, 'come on Iraq!  Come on World Bank!  Come on Bank of International Settlements, IMF, US Treasury, US Federal Reserve!'  All those players have been involved and they still are...They are not going to have a 1310 exchange rate.  They're going to move to a Real Effective Exchange Rate based on fundamentals based off their non-oil products, non-oil revenues that will exceed in may cases oil output.

Frank26  [Iraq boots-on-the-ground report] FIREFLY:
Mr. Sammy told me a real rate international for us  in his opinion is just north of $4.00.  FRANK:  Didn't we say that it would be somewhere between $3.86 up to $4.25? ...Of course it's only an opinion by Mr. Sammy and me but we both know Mr. Sammy's information has always been spot on...You are so close. 

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Can the Iraqi Dinar Help Resolve US Economics?

Edu Matrix:  10-6-2024

Can the Iraqi Dinar Help Resolve US Economics? Probably not. However, here's what it can do!

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

“Tidbits From TNT” Sunday Morning 10-6-2024

TNT:

Tishwash: Al-Sudani discusses with the British Ambassador setting a new date for his visit to the United Kingdom

Prime Minister Mohammed Shia Al-Sudani discussed, today, Sunday, with the British Ambassador to Iraq, Stephen Hitchcock, setting a new date for the former's visit to the United Kingdom.

During the meeting, the Prime Minister stressed the need for the international community and the UN Security Council to play their essential role in maintaining security and stability, especially with what is happening in the region, from the continuation of the Zionist aggression on Gaza and Lebanon, and the persistence and exaggeration in targeting civilians in a war of genocide that requires condemnation and denunciation from the entire world, and requires respect for international laws and not violating them by any party.

During the meeting, they discussed the progress of relations between the two countries and ways to enhance them, as well as setting a new date for the Prime Minister's visit to the United Kingdom, which had previously been postponed due to developments in the region.  link

Tishwash:  Planning: The annual inflation rate in Iraq is slight and does not exceed 3%

The Ministry of Planning confirmed, today, Saturday, that the annual inflation rate in Iraq does not exceed 3%, noting that the procedures for providing the food basket and its materials in the markets have maintained prices and prevented inflation rates from rising.

Ministry spokesman Abdul Zahra Al-Hindawi told the Iraqi News Agency (INA): "One of the reasons for the rise in the inflation rate at times is the presence of a large cash mass in circulation in market and commercial transactions," noting that "the annual inflation rate in Iraq is slight, not exceeding 3%."
He added that "if we want to compare this rate with what exists in some countries, it is incomparable, as there are wild increases in them," noting that "a rate of 3% is normal and logical in light of the Iraqi reality."

He continued, "The measures taken by the government regarding supporting the food basket have clearly maintained prices in local markets and prevented their inflation," noting that "the increase in any country increases inflation rates, but in Iraq the situation is under control thanks to government measures."  link

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

Tishwash:  Al-Sudani asked the ruling coalition to “move quickly before war”

 Government official: Tehran stalls when asked to curb factions

A senior government official confirmed that Iraqi Prime Minister Mohammed Shia al-Sudani informed the leaders of the “Coordination Framework” with comprehensive details about the “expected risks to Iraq” resulting from the escalation between Israel and Iran, while stressing that Tehran is practicing “deception” when asked to keep factions away from the ongoing war.

Concern increased among political and governmental circles that Iraq would be exposed to a strike after two Israeli soldiers were killed in a drone attack on the Golan base, early Friday morning.

The official spoke to Asharq Al-Awsat, on condition of anonymity, about a set of measures that Al-Sudani is taking to avoid war, including “increasing the momentum of political mediation” to convince the factions not to involve Iraq in the war, and that he “informed the leaders of the Coordination Framework of everything about the risks, and called on them to move quickly.”

The official acknowledges the possibility of “the strike occurring,” even though “the information available to the Iraqi authorities indicates that the attack by the Iraqi factions was carried out from outside Iraqi territory with weapons that arrived from Iraq,” he said.

Sudanese mediations

The source revealed that the mediators chosen by Al-Sudani to pressure the factions have approval from Iran to talk about the war file and the conditions for calm with its agents in Iraq.

The source said, "The three figures had previously been asked to mediate in certain events over the past few years."

Last week, Asharq Al-Awsat revealed that Prime Minister Mohammed Shia Al-Sudani had asked three Shiite figures to mediate to rein in the factions and prevent them from getting involved in the war between the Lebanese Hezbollah and Israel, after information was circulated within the ruling coalition that Israel had identified 35 Iraqi targets.

Sources said at the time that Ammar al-Hakim was among these figures, along with two influential figures in the Shiite space who have not yet been revealed.

In contrast, there are reports that two Iraqi factions, likely the Al-Nujaba Movement led by Akram al-Kaabi, and the Hezbollah Brigades led by Abu Hussein al-Hamidawi, are refusing to respond to mediators and insisting on continuing to launch missile attacks on Israel.

The Iraqi official acknowledged the existence of “intransigence among some factions,” but the Prime Minister realizes that his country is in the “eye of the storm,” and has informed most of the leaders of the “Coordination Framework” of this.

The official reported that "Al-Sudani literally said: Iraq is unable to avoid a military strike if it occurs, and we must remove the danger from the country by not getting involved in the war."

Iranian Supreme Leader Ali Khamenei said during his Friday sermon that “the Islamic Republic’s allies in the region will not back down,” reinforcing fears that Iraqi factions linked to Iran will not back down from their decision to attack Israel.

Iraqi sources reported that the "Coordination Framework" coalition discussed what was said to be a "security report on dozens of targets to be struck and assassinated by Israel in Iraq."

Government efforts to prevent escalation

The official stated that "Al-Sudani, unlike some previous prime ministers, did not allow the exit of Iraqi funds to feed the conflict axes, through his high coordination with the American side and the American Treasury to monitor the exit of Iraqi funds in a strict manner, and he often demands that the Iranians enter through the official gates to obtain their financial dues owed by Iraq."

The official added, "Today, international auditing companies are working alongside the Central Bank to monitor the exit and smuggling of money, and what is happening today is that all the money gates that were open are now completely closed."

The official revealed that "the United States of America informed Iraq since the outbreak of the war in Gaza on October 7, 2023 that it had put pressure on Israel to prevent it from launching strikes on Iraq, in exchange for Iraq's commitment not to engage in the war."

The official added, "Washington does not oppose the positions of the Iraqi government, which is within the green line of issuing statements against Israel and supporting the Lebanese and Palestinian peoples, as well as sending aid," but "it will not accept Iraq providing any material or military support to factional groups or others."

Regarding the possibility of the Iraqi authorities asking the Iranian side to rein in the factions affiliated with it, the official confirmed that “Tehran is practicing a kind of trickery in this direction, as its response often hints that the factions have their own decision and the understanding with them is like the government.”  link

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*Iraq news Highlights and Points To Ponder Sunday AM 10-6-24

*Iraq news Highlights and Points To Ponder Sunday AM 10-6-24

The Dinar Collapses Against The Dollar.. Is The Specter Of 1600 Looming On The Horizon?[/Size]

October 3, 2024  Baghdad/Al-Masala: The dollar price witnessed a noticeable increase against the Iraqi dinar during the past few days, as the exchange rate reached 1,550 dinars per US dollar.

This increase has raised great concern among economic and popular circles due to its direct impact on the local market and on the standard of living of citizens.

Economic analyst Munar Al-Abidi explained that there are a number of reasons behind this rise in the US currency against the dinar.

One of the most prominent reasons is the decline in transfers of other foreign currencies, such as the UAE dirham and the Chinese yuan, as a result of the significant restrictions imposed by correspondent banks that are in the process of strengthening the balances of these currencies.

These restrictions directly affected the fluidity of transfers and weakened the possibility of obtaining other foreign currencies on which the Iraqi economy depends.

In addition, the Citi-Pilot project faces clear challenges, as the banks participating in it are reluctant to open new accounts for operating companies, as their dealings are limited only to companies with which they have previously dealt.

This limited approach reduces the ability to use these banks as channels for external remittances, increasing pressure on the US dollar and limiting the availability of alternatives.

The current currency exchange mechanisms were unable to cover the increasing demand for foreign currency, especially for the purpose of importing some of the most valuable goods, such as mobile phones and gold, which prompted importers to resort to the parallel market, and contributed significantly to increasing pressure on the dollar and raising its price in the local market.

Expectations indicate that the decline of the dinar against the dollar may continue during the coming period.

If practical measures are not taken to address these issues, the exchange rate could reach 1,600 dinars per dollar in the coming months. In order to address this challenge, there are several solutions that can help calm the situation. One of these solutions is to increase the network of correspondent banks around the world, especially in the UAE and China, which could help facilitate remittances and increase the flow of foreign currency into the country.

The solutions also include controlling financial policy by limiting the import of some goods that contribute to increasing demand for the dollar, in order to reduce pressure on foreign currency.

Pressuring banks under the Citi-Pilot project to be more open could help accept a wider range of customers, which would help ease pressure on the dollar and diversify the channels available for remittances.

In addition, it may be necessary to temporarily ban the import of some goods to reduce the demand for foreign currency until more organized and smooth solutions for the foreign transfer process are found.

The rise in the dollar exchange rate against the dinar is the result of a combination of economic and financial factors, including weak banking infrastructure, difficulty in accessing remittances, and increased demand for foreign currency for import purposes.

The current situation reflects major challenges that require rapid and effective action from the Iraqi government and the Central Bank to restore stability to the financial market.

https://almasalah.com/archives/102326

Hidden Costs”: How do 140 days of holidays affect the economy and daily life?

Posted On 2024-10-05 By Sotaliraq  Reports indicate that the financial costs associated with development projects increase significantly as a result of official and unofficial holidays that affect the workflow.

According to recent data, the number of annual holidays reaches 140 days, causing delays in project schedules and increasing operational costs.

This large number of holidays requires a re-evaluation of the work schedule to ensure that economic goals are achieved within the specified dates and budgets.

Today, Thursday, economic expert Nabil Al-Marsoumi revealed the financial costs of holidays in Iraq, while confirming that their total is 140 days.

Al-Marsoumi said in a post on Facebook, “The total annual salaries of employees and others amount to 90 trillion dinars,” indicating that “the total number of Fridays and Saturdays is 104 days per year.”

He added, "The total number of official holidays in Iraq, excluding special holidays, is 16 days, while the total number of unofficial holidays is approximately 20 days, while the total number of official and unofficial holidays is 140 days."

The expert continued, "The number of actual working days per year is 225 days, while the daily cost of official and unofficial holidays, including Fridays and Saturdays, is 246 billion dinars," stressing that "the annual cost of official and unofficial holidays is 34 trillion dinars."

He pointed out that "the annual cost of official and unofficial holidays, except for Friday and Saturday, amounts to approximately 9 trillion dinars, while the annual cost of unofficial holidays amounts to approximately 5 trillion dinars."

He pointed out that "Iraq is the first country in the world in terms of official and unofficial holidays, and it is the highest in the world in this, while there are 8 official holidays in England and Wales."

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He believed that “both types of holidays cause huge financial losses to Iraq, especially unofficial holidays that are granted for various reasons, including rain, high temperatures, and visits. This loss in unofficial holidays is equivalent to the annual budget of Syria,” recommending “restricting the authority to grant official and unofficial holidays to the Presidency of the Council of Ministers.”

Every year, on October 3, Iraqis celebrate the Iraqi National Day, which marks the declaration of Iraq's independence from the British mandate and its accession to the League of Nations in 1932.  LINK

Economist: Oil Prices Could Rise To $200 If War Expands

Economy  |  04/10/2024  Mawazine News - Economy   Economist Nabil Al-Marsoumi predicted on Friday that oil prices will reach nearly $200 per barrel if the war in the region expands to include the Gulf states, especially if Iran closes the Strait of Hormuz, which will lead to the interruption of the flow of about 20 million barrels of oil per day to global markets.

In an analysis published by Al-Marsoumi, he spoke about two possible scenarios for the upcoming oil war:

1. The first possibility: Israel targets Iranian oil export outlets, especially Kharg Island, through which 90% of Iranian oil exports pass, which means removing 1.5 million barrels of Iranian oil per day from the market, which will raise prices by about $5 per barrel to reach $82. But this scenario will cut off the most important sources of funding for Iran.

   - In this case, **OPEC Plus** is likely to intervene and cancel voluntary and mandatory production restrictions to compensate for the loss of Iranian oil, which may lead to a decrease in prices and their return to the $70 per barrel range.

2. The second possibility: The war expands to include oil pumping and export stations in the Gulf, which will affect Gulf oil exports, especially Saudi Arabia. In this scenario, oil prices may rise to levels exceeding $100 per barrel.

Al-Marsoumi also pointed out that Iran had previously confirmed that it would prevent oil exports from the Strait of Hormuz if it was prevented from exporting its oil, indicating that closing the strait would mean the interruption of about 20 million barrels per day of global supplies, which could push oil prices to levels of up to $200 per barrel, and the export of Gulf gas shipments passing through the strait would also be affected.

Al-Marsoumi concluded his analysis by pointing out that any Israeli strike might focus on targeting Iranian oil facilities, especially refineries, which could lead to the withdrawal of between 300 and 400 thousand barrels per day of Iranian exports.

However, he stressed that this loss may not have a significant impact on global oil prices, especially after Libyan oil production levels return to normal. https://www.mawazin.net/Details.aspx?jimare=255616

Customs: Our Revenues During 7 Months Of The Current Year Exceeded One Trillion Dinars

Money and business  Economy News – Baghdad  The General Authority of Customs announced, on Thursday, that customs revenues exceeded one trillion dinars during 7 months of the current year 2024, indicating that it is about to implement real reform measures that will positively affect the level of revenues.

The head of the authority, Hassan Al-Akeili, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "customs revenues during the year 2022 were 807 billion dinars, and in the year 2023, revenues rose to one trillion and 33 billion, an increase of 28%, while the current year 2024 and until last July, revenues reached one trillion and 145 billion dinars."

He pointed out that "the Authority hopes that revenues will reach 2 trillion dinars by the end of this year, although the current rate is still below the level of ambition," stressing that "the Authority is about to implement real customs reform measures that will positively affect the level of revenues."

Al-Akeili added, "The estimated amount of the authority's revenues in the budget is 2 trillion dinars, and we are on track to reach it by the end of the year."- https://economy-news.net/content.php?id=48308

Parliamentary Finance Clarifies To "Alsumaria News" The Legality Of Imposing Taxes On Citizens And Sends A Message

Economy 2024-10-04 | 7,741 views   Sumerian News – Economy  A member of the Finance Committee revealedMustafaAl-Karawi, on Friday, discussed the legality of the taxes imposed by the government on citizens and employees, while pointing out that the government should start with goods taxes on merchants and companies.

Al-Karawi said in an interview with Sumaria News, "The tax section is considered one of the sections supporting non-oil revenues."Mission“The government must work on it,” he said, indicating that “the government must start with goods taxes on merchants and companies, not with the poor citizen and employee who is demanding an adjustment to the salary scale and an increase in his specializations in light of the rising price of the dollar.”

He considered "taxes a good step", pointing out "the need for direct support and interest in taxes, but the categories covered by taxation must be specified to avoid public discontent and greater burden on the citizen".

He added: "We hope that there will be a clear plan from the government and a program to increase taxes through sectors that are considered to have high capital to avoid affecting the common citizen".

Regarding the legality of taxes, Al-Karaawi explained that "the tax law exists, but many of its provisions are not implemented, and there are texts in the budget that indicate the possibility of collecting taxes from employees, citizens or companies", stressing: "There must be priorities in collecting these taxes, and the most important thing is that there be real support for the tax sector, so that the citizen is not harmed by them".  LINK

“It’s OK to say NO” From Dinar Recaps Archives

(Note: This Article can apply to Lotto-Winners, A Big Inheritance and Dinarians!)

This story appears in ESPN The Magazine's Dec. 8 Big Money Issue. 

HERE'S A CHALLENGE: Imagine what it feels like to be 21 years old, extremely successful, famously wealthy, wildly stressed and unbearably miserable. How, you might wonder, can all those conditions exist simultaneously?

Start here, with Cowboys All-Pro offensive tackle Tyron Smith, talking to his mother on the phone one day in 2012, his second year in the NFL, during a time of growing tension between him

"We've found a house," Frankie Pinkney told her son.

By this stage, wariness had become as intrinsic to Smith's identity as his brown eyes and bookcase shoulders. Silently, he awaited details. He had agreed to purchase a home in Southern California for his mother and stepfather. They would live in it; he would own it as an investment.

The agreed-upon budget was roughly $300,000, but over the course of the conversation, Frankie dropped the bomb. List price: more like $800,000.

Smith, now 23, is sitting at a polished wood table in the conference room of his lawyer's Dallas office. Surrounded by his girlfriend, accountant and lawyer, he fixes his eyes on a spot somewhere high on the floor-to-ceiling window. "Yeah, my parents wanted a house," Smith says. "But it was way bigger than mine and cost way more than mine."

It's not an easy topic for Smith to discuss -- recounting the conversation appears to be nearly as hard as being on the phone in the first place. He long ago gave up trying to pinpoint when it all went wrong, when the combination of family and money turned corrosive, when one ceased to exist without the other. He recites facts, stripped of emotion, as if determined to turn a painful time in his life into an after-action report.

"That call," he says. "That was the point where I said, 'That's enough.'"

At that precise moment, as he hung up the phone without giving his mother assent or encouragement, something hardened inside him. Reclaiming his finances, that was the easy part. Demystifying his new life -- being something other than a conduit for the wishes of those around him -- that was more complicated.

It works like this: We lack the linguistic dexterity to explain the myriad paths of young men who emerge from poverty -- or a simple lack of privilege -- and achieve riches by playing a game. When words fail us, a creation myth must fill the void, and so the modern professional athlete becomes our Sedna, a massive woman of Inuit legend who lives at the bottom of the ocean, controlling the underworld by providing fish to keep her people from going hungry.

Our version of Sedna frees himself from the streets -- the temptations, the poverty, the turbulent flow of every Bad Part of Town -- through a ceaseless, unquenchable devotion to his sport. Visions of The Escape accompany every rep on the bench press, every free throw in an empty gym. In short, his life is a series of made-in-Akron, Beats by Dre moments.

Yes, he will rise up to leave it all behind, but here's where the mythological sleight of hand appears: He'll bring it all with him too. He can't forget where he came from. The myth mandates loyalty and strikes down the ingrate.

And all those people who toiled alongside, those who believed in him and sheltered him and sacrificed for him? They'll also come along, for he's the sin-eater, absorbing all debts -- moral and financial -- so others can be absolved. And his people will never go hungry again.

Jeff Wilson His family's demands for money isn't an easy topic for Smith to discuss. 

 IT LONG AGO became easier for an athlete to subscribe to this myth than to defy it with his personal story. Easier to nod and smile and tacitly agree to be a benign receptacle for our society's need to bundle its fairy tales into color-coded boxes.

Why else would newly minted professional athletes -- and let's cut the pretense: It's nearly always young black athletes -- invariably be asked whether they've bought their mother a new house? Or a new car? Or both? Does anyone know whether Aaron Rodgers moved his stay-at-home mother and chiropractor father out of their Chico, California, home and into a beach mansion? Has anyone ever thought to ask?

But could it be possible, ever so slightly possible, that athletes who come from similar backgrounds can have wildly dissimilar stories?

Smith's story is best told chronologically. And it begins, as so many do, in a van filled with cleaning supplies rattling down a desolate highway somewhere in the Mojave Desert.

Smith spent much of his elementary school years working for the family business. Pinkney's Cleaning Service specialized in cleaning new buildings after construction was complete but before tenants moved in. Family members would often climb into that van, drive from their home in Moreno Valley, California, to Phoenix or Sacramento or anywhere in between, clean a building and then pile back into the van for a return drive that could last seven hours.

They'd pull into the driveway at 4 or 5 a.m., and Tyron and his five siblings -- a mixture of half brothers, half sisters, stepbrothers and step­sisters -- would be at school by 8.

Introspective and shy, bigger than his peers, Tyron felt detached, like an asset rather than a son, someone valued primarily for his ability to clean tall windows. The detachment might have been rooted in a moment he was too young to remember: the death of his father, Jerry Lee Smith, when Tyron was a year old. Tyron was told that Jerry Lee was murdered and that someone is in prison for the crime, assertions he's been unable to substantiate.

"Growing up, it's hard to feel separated," he says. "You don't know which direction to go. ... It got really complicated. I was the one who always asked, 'Can I get my own job? Can I do my own thing?' I didn't want to work in the janitorial business my whole life."

Smith doesn't remember watching football as a kid; he had neither the time nor the inclination. He was too big for Pop Warner, and besides, there were van rides to take and windows to reach. But he began to play in high school, and his size and natural ability immediately meshed with his work ethic. He didn't so much find football as it found him. He was huge and nimble, eventually reaching 6-foot-5 and 310 pounds, and by his junior year everyone had a pretty good idea where this was headed.

He was excused from janitorial work if he had a weekend camp to attend, and he remembers thinking, "It was a little weird they let me do my own thing." When he's asked if that created friction between him and his siblings, he says, "It probably did, but I never knew about it." It sounds like the first time this possibility has occurred to him.

Was this the beginning of Tyron's embrace of the myth? When he climbed into the van after Friday night games, heading for another empty building, did he close his eyes and dream of The Escape, when he could direct schools of fish to the surface and rid everyone of this burden?

"When I was out there, I was just enjoying playing," Smith says. "For me, playing a sport was my own space, away from reality. You don't have to worry about anything because you're out there, and you can just play freely."

He did it well enough to earn a scholarship to USC, and in his junior season, something shifted in the family dynamic. NFL decision makers began seeing Smith, with his 85-inch wingspan and sub-5.0 speed in the 40, as a potential first-round pick in the 2011 draft.

The conversation at home took on a sharper edge. Family members wondered how much he might get and what percentage of that they might get. There was talk of cars and houses and jewelry. "All of a sudden, people's perception of me started to change," Smith says.

As Leigh Costa, Smith's girlfriend, puts it, "He's always told me he felt like nobody ever really cared about him until coaches started saying, 'You could be really good.'"

HE PLAYED ALONG with the myth. Everyone else was, so what choice did he have? When he was chosen No. 9 in the draft, he was 20, the youngest player in the NFL. He signed a four-year, $12.5 million contract, bought his mom a Range Rover and vowed to pay off his parents' mortgage and retire the family's debts.

"I didn't think I owed them anything," Smith says. "I just really wanted to help out. I know how hard the struggle is, and growing up we always had to worry about debt. That was my thing: Use this money to pay off your house, pay your debt and be free of all that stuff."

Later, Smith discovered the money he provided wasn't used for those purposes. Asked how it was spent, Smith shrugs, betraying no emotion. "We don't know," he says.

A direct line could be drawn connecting that moment to the moment he hung up the phone because it marked the beginning of a gradual erosion of trust and control. His humanity vanished beneath a barrage of requests. He was no longer son or brother or friend. He began to feel like a human Santa list, robbed of his capacity to be generous.

"The things that were asked for as gifts shocked me," he says. "All I could think to say was, 'Hey, that sounds really expensive.'"

He paid for airline tickets so strangers and near strangers could accompany his parents to games in Dallas. He paid for game tickets (players get only two comps), parking and food. He paid for hotel rooms or let the guests stay in his home.

"Tyron deferred to the mom, who deferred to the stepdad, who had his own mindset on what he deserved and what he should get," says a family associate with knowledge of the situation. "Tyron's a great kid. He was young and overwhelmed."

And so he relented. The myth, after all, demanded he remember where he came from, and a sort of achiever's guilt took over. His family was still back in Moreno Valley, still doing the job he had worked so hard to avoid. He started to think: Maybe I don't deserve all this money. When his financial adviser would call for authorization to transfer funds to his family, he'd say, "Yeah, just transfer it over." They wore him down. Inside, it tore him up.

Studies indicate that 78 percent of NFL players are bankrupt within two years of retirement. How many of those bankruptcies can be attributed to the gradual erosion of control, the constant drip of family and friends asking for money and the unwillingness to confront it? John Schorsch, Smith's lawyer, estimates that the family received roughly $1 million from Tyron's accounts over one year.

"I'm not trying to be hurtful, but I'm not making this money so other people can live off it," Smith says. "You have to understand: This game doesn't last long at all."

AFTER HIS ROOKIE year, Smith was moved from right tackle to left, a huge promotion in an offensive lineman's world. When he texted his parents to tell them, the response he received did not convey joy or congratulations. Instead, it referenced his next contract and how it would be bigger now that he was playing a more valuable position. "It was hard to have a straight-up conversation," Smith says. "I love my family -- I do -- but I didn't love what they became."

A financial adviser who works with numerous professional athletes says, "As players get more, their families want to be paid more. People lose their humanity. We call some family members 'backup point guards' because that's how they believe they should be paid."

Smith's issues went beyond money. Costa, four years Smith's senior and a former account executive for a Dallas sports radio station, was caught in a story as old as time: She, the newcomer, brunette and pretty, was blamed for separating him from his family and controlling his life and finances. Members of his family allegedly made death threats against her. "I brought her into the middle of all this stuff," Smith says. "They bashed her any way possible, and she didn't do anything wrong."

After his mother's request for the $800,000 home, Smith made a last-ditch effort. He placed a call to Moreno Valley, saying, "I love you all, and you mean the world to me, but all this money stuff is stressing me out. Can we just have a great relationship?"

But the lines had been drawn. "We kept getting voice mails and emails threatening all kinds of things," Costa says. Smith and Costa enlisted Schorsch to handle the legal affairs.

They cut ties with Smith's financial adviser and made the myth-defying move of hiring Bill Saplicki, a Dallas accountant who was recommended to Costa and who works primarily with doctors and dentists and precisely one professional athlete.

In the summer of 2012, Schorsch filed to have a protective order placed against Smith's parents and siblings, prohibiting them from having contact with him. The event that precipitated the protective order occurred on June 16 when Smith's mother and stepfather confronted him publicly while he was working at a youth football camp at his alma mater, Rancho Verde High School in Moreno Valley.

"We did as little as possible to accomplish as much as possible," Schorsch says. And yet on the night of Saturday, Oct. 27, 2012, with Smith at the team hotel on the eve of a home game against the Giants, two of his sisters arrived unannounced at the home Smith shared with Costa in North Dallas.

The doorbell rang, and Costa looked through the glass in the door and froze.

"You need to let us in this house," one of them said.

"Why?" Costa answered. "You've made threats against my life. I don't know what you have on you right now, and your brother's not here."

Costa said she called the police after the women repeatedly said, "We're not leaving until you let us in." Three days later, on Tuesday afternoon, two of Smith's sisters were among three people who returned to the house. This time, Smith called 911 and police cited the women for disorderly conduct. A Dallas police report noted that Smith's sisters were there to "harass and torment ... in the pursuit of collecting financial gain."

Frankie Pinkney turned down an interview request. She directed questions to her manager, Mark Wayne, who runs an entertainment company with offices in Seattle and New York. Pinkney, according to Wayne's website, is part of a group attempting to sell a reality show called Football Moms.

"She's been painted as an extortionist to her own son, which is not true," Wayne says. "There's so much friction between her and her son. She loves her son with all her heart and wants to reunite. I don't think she's had a fair shake."

Wayne refused to elaborate, except to say, "The truth will come out. It's not for me to share; it's for Frankie. She took the heat for a lot of stuff. Her reputation has been damaged."

What is she waiting for? "She needs to heal," Wayne says. "A lot of healing needs to take place."

night loss to the Redskins on Oct. 27, Smith exhibits the second-day inertia of an NFL offensive lineman. It's quite a contrast. On game day, he's powerful and punishing, remarkably light on his feet -- like a dancing oak. Two days later, he lowers himself into his chair slowly, as if every vertebra moves independently. "My back -- ooh," he says, wincing. "Really stiff today."

Schorsch has a standard answer when questioned about Smith's financial responsibility to his family. "I am certain none of them ever took a hit for him," the attorney says. "None of them had to get a shot so they could get up and go to work. And they're not entitled to share in this. No matter what they did, they're not taking the risk."

That risk, short- and long-term, is significant. In his fourth year as a pro, Smith has already had a career longer than the NFL average according to the NFL Players Association. He has avoided serious injury but has had periodic ankle issues. Sedna might live forever, but an offensive tackle is not as lucky.

Smith is mellow, with the voice of a late-night DJ on a smooth-jazz station. He is almost allergic to attention; rather than speak to reporters, he sometimes stays in the training room after practice or games while a team employee delivers his clothes.

He plays with a composed, almost detached air, like a man at peace with the violence of his profession. (During a game in late October, however, he did trade punches with Giants defensive end Jason Pierre-Paul.) His ability is unquestioned:

He is widely considered one of the top three offensive tackles in the game, and for his play against the Seahawks in Week 6, he became the first offensive lineman in 10 years to be named offensive player of the week.

He treats money the way most people treat a gym membership: It's there, and he'll use it if he needs it. In July, he signed an eight-year extension, making his contract now worth a potential $109 million, with $22.1 million of that guaranteed.

Many in the business felt the deal was too team-friendly -- Pro Football Talk called it "nuts" -- because it leaves one of the league's brightest young stars with no bargaining power for an entire decade.

But the criticism fails to account for Smith's loyalty to Jerry Jones and the Cowboys, whose security team has assisted Smith and Costa and was once called on to remove one of Smith's brothers from the team's training camp in Oxnard, California.

Smith, who drives a Jeep he gets as part of an endorsement deal, values stability 
and craves normalcy. When he goes out to a four-star restaurant for a weekly dinner with Cowboys offensive linemen, they tease him for wearing clothes Leigh has chosen.

"I have no style whatsoever," he says, holding his hands out to show off his workout shirt, sweats and shower shoes. "The guys know I don't dress myself. I wish it was like the early '90s, when you could wear jumpsuits."

When Costa asks him if he likes something -- whether it's a couch or a shirt or a toaster -- he answers her question with a question. To demonstrate, Smith holds a coffee cup over the table and says, "It could be something as cheap as this mug, and my first question is, 'How much does it cost?'"

"You're very conservative," Saplicki says.

No," Smith corrects. "Cheap."

"I know the amount of money I make in the NFL could be over any day," Smith says. "It has to be put aside for me later down the line or for when I have a family."

Listen to Smith long enough and you'll pick up a pattern: He repeatedly uses the word "work" to describe what he does. He says it so often, it begins to feel intentional, or maybe it's a reflexive response to the weight of his success.

The distance between the word "work" and the word "play" is immense: He plays football for a living, while the nonsports world -- the janitorial world, for one -- goes to work. "I saw the daily struggle," he says. "It taught you to live within your means and know what it means to actually earn a dollar."

The demystified truth is this: He suits up for the Cowboys not because he loves football necessarily; he's playing because he's darn good at it. For the love of the gameis largely an external phenomenon anyway, promoted by those who link generational bonding and the passage of time to a particular uniform.

No matter how much it gets sexed up -- and in Dallas, in Jerry's world, they do their best -- there is nothing romantic about slamming your massive body into another massive body as a way of making a living. It's exactly what Smith says it is -- work -- and he speculates that half the players in any NFL locker room would walk away from the game if they were offered the same pay to do something else.

Is that heretical? Or is that how myths die and reality survives?

Understand this: Smith wasn't eager to talk. Things are quiet, the way he likes them. The stress is gone. He can go home and hang out with his rescue dogs -- he and Costa have five, including a 110-pound French mastiff named Beast -- and not worry about the next phone call or knock on the door.

But he knows his story is important. When he finishes playing, he's got an idea to travel the country telling it to top college players. He wants them to know that he said no and they can too. He wants them to know it's OK to stand up to the pressures from family and friends. He wants them to take control of their money and understand how long it has to last.

"It's so personal, and nobody really talks about it," Smith says. "'Hey, this sibling or family member is screwing me over.' You won't hear that, but it's a real issue. I'm not trying to bash my family at all, but it's hard to talk about this without doing that. And a lot of people aren't willing to tell their story."

It's getting late. The traffic in the throbbing Metroplex, 13 floors below, is starting to ease. Smith begins the process of standing, his back working like an elevator in a fleabag motel, refusing to be rushed. The men in suits stand at his sides like reverse bodyguards, and Smith says, "It's OK to say no," as if to remind himself one more time.