Coffee with MarkZ, joined by Bob Lock. 10/10/2024

Coffee with MarkZ, joined by Bob Lock. 10/10/2024

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

Happy Birthday to Mark’s Son Zester today!!

Member: Good Morning to Mark, Mods, and Members

Member: Mark, Are you as excited this week as you were last week? Seems things have stalled instead of happening like they were supposed to.

Member: Militia Man says salaries are to be paid in Iraq on Wednesday the 16th. Do you believe a new rate will be implemented prior to that payroll distribution?

MZ: Articles out how Iraq has completed all the steps needed to join the WTO:  We knew they had completed all the steps and now this is an official statement saying they are done. Many experts besides myself including other intel providers (gurus) and members of the Iraqi finance ministry believe this will bring us their increased rate.

Member: Iraq is ready, Lets go!!

Mark, there are many countries that are WTO members with much weaker currencies than Iraq, Vietnam as an example. I wonder why in Iraq –it would warrant a new rate?

MZ: “Securities announce the launch of a new website for the Iraqi Stock Exchange” they continue to modernize and become a dominate force in the region.

MZ: “Iraq is the third largest Arab Nation with gold holdings”  Iraq’s possession of gold has reached 152 tons.

MZ: Let’s think about the values of other currencies in the region…..like Jordan and Kuwait…..Iraq is trouncing most of them in resources, physical gold ect…..Iraq is making their case to support their higher value.

Member: I believe Jordan’s rate is around $1.50 or so and Kuwait is around $3.50 or so……to the USD

MZ: And Iraq is diversifying with non oil revenues to support their currency. This is for safety and stability. Dr. Shabibi always said that if Iraq was safe and stable –he would give them a more valuable dinar

MZ: Iraq is one of the most safe and stable countries in the region and they are working hard at it.

Member: I think the Dollar Index (DXY) is important to watch. 2 scenarios is plausible: 1) DXY going par at 100 B4 RV goes; 2) DXY goes higher, Iraq revalues IQD and as DXY goes down to par IQD rate grows.

Member: Seems like whenever there is excitement around a bond date, like Tuesday, it comes and goes like nothing ever happened….

Member: I am here for some Omega news

MZ: I know some Omega group leaders that are on a high level watch right now. Hoping to get some news on that soon.

Member: What is Omega?

Member: Its one of the Prosperity packages.

Member: Any Bond movement, rumors or currency updates?

Member: I hear All tier 3 have to sign NDAs. Releasing that information would be catastrophic. Ppl mortgaging their homes, maxing out credit cards, to benefit from the RV.

Member: Jeff Rahm said 10/15 was the outside deadline for this to go, one way or the other.Let’s hope he is right.

Member: Saw an Article that 12 Countries joined BRICS yesterday. 40 more are applying.

​​Member: I am just not bright enough I guess to understand how we can have all of this news, and still not get the RV.

Member: Prayers for all in Florida and N. Caroling affected by hurricanes this month.

Member: Stay positive guys……even if it takes the rest of the year for the RV…..it’s not that far away.

Member: chess game checkmate in 7 moves. they know it is over but they can still cause pain. The game still needs to be finished. unless they concede and they won't do that.

Member: This weekend is Columbus day and a 3 day weekend…fingers crossed.

Member: Big Happy Birthday to you Zester! Have a great day!

Bob lock joins the stream today. Please listen to replay for his information and opinions.

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

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

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

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

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

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! NO PODCAST TONIGHT

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:    https://www.youtube.com/watch?v=F6BOyaKyBL8

Seeds of Wisdom RV and Economic Updates Thursday Morning 10-10-24

Good Morning Dinar Recaps,

WHY INDIA IS DELAYING CRYPTO REGULATION—THE SURPRISING REASON BEHIND IT!

India has yet to publish its long-awaited discussion paper on cryptocurrency policy. The country’s focus is elsewhere. For months, there was an expectation that the government would outline its stance by September. However, other pressing issues are now taking priority. So, what’s going on with India’s crypto policy, and why is it taking so long? Let’s explore what’s happening with crypto in India and why it’s not on the top of the list.

Delays, Priorities, and More Delays
According to insiders, India was supposed to release a discussion paper on crypto. This paper was expected to provide a direction for future regulation, especially after consultations with the central bank and markets regulators. However, there is no clear timeline anymore. Why? The country’s officials are dealing with more urgent issues. For now, crypto policy is on the back burner.

Competing Priorities in India
One big reason for the delay is the sheer number of competing priorities the government is handling. India is preparing for the 2024 annual meetings of the International Monetary Fund (IMF) and the World Bank. It’s also dealing with the ongoing Russia-Ukraine war and the conflict in the Middle East. On top of that, election season is heating up, and the Finance Ministry is busy with budget planning. With so much going on, cryptocurrency regulation is not seen as an urgent matter.

Crypto Not an Immediate Threat
Despite a recent $234 million hack of Indian exchange WazirX, the government doesn’t consider crypto legislation as critical as it was two years ago. While the sector is still unregulated, India has imposed heavy taxes and requires crypto entities to register with the country’s Financial Intelligence Unit to meet global anti-money laundering standards.

What to Expect?
India might eventually release its discussion paper, but no one knows when. For now, the government seems more focused on bigger international and domestic issues. So, if you’re waiting for clear crypto rules in India, it looks like you’ll have to wait a little longer.

@ Newshounds News™

Source:  Coinpedia

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THAI SEC PROPOSES REGULATIONS FOR CRYPTO INVESTMENT IN MUTUAL, PRIVATE FUNDS

Thailand’s Securities and Exchange Commission (SEC) has proposed draft regulations allowing mutual and private funds to invest in cryptos.

The proposed principle, announced Wednesday, is currently seeking public feedback on revisions to mutual funds’ investment criteria in digital assets.

The move comes at a time when interest in cryptocurrency investment is increasing. Thailand, one of the world’s most crypto-friendly nations, ranks 10th globally in terms of adoption.

The regulator noted that the funds will be allowed to invest in crypto exchange-traded funds (ETFs) listed on the US exchanges. Further, it also allows funds to choose investment tokens, which has attracted the interest of Thai investors.

“The funds will be allowed to invest in investment tokens subject to current investment limits of traditional securities, such as single entity limit, group limit, and concentration limit.”

The announcement read that for institutional investors and ultra-high-net-worth individuals with high-risk tolerance, the funds will be allowed to invest in crypto ETFs with no investment limit.

Thai SEC deputy secretary-general Anek Yooyuen said that investment tokens will have the same investment ratios as transferable securities. This is because they have key risks and features similar to traditional securities, such as debt securities, Bangkok Post reported.

“Relevant criteria will be revised to support the establishment and management of funds investing in digital assets, such as asset custody, digital asset value calculation, information disclosure and appropriate advertising.”

Thailand approved its first crypto ETF in June, issued by One Asset Management (ONEAM). The Thai SEC endorsed ONEAM’s Bitcoin ETF, marking a milestone in the country’s evolving regulatory framework for digital assets.

Thai SEC Mulls Initial Coin Offering, Increase Penalties for Violating Crypto Firms
Additionally, the regulator is also considering allowing authorised initial coin offering portals to use outsourced companies.

“This measure was endorsed by the SEC and a public hearing is needed before it can be implemented,” Yooyuen added.

Besides, the Thai SEC will also allow 10 private companies to explore trials for exchanging cryptos for Thai bhat as a part of digital asset regulatory sandbox project.

Furthermore, crypto firms that violate the SEC rules are considered a severe offence. As a result, the regulator aims to increase penalties for such companies in addition to their licenses being revoked.

Securities firms that send inappropriate trading orders will be fined a maximum of 1 million to 3 million baht. Investors who breach laws by manipulating stocks are subject to civil and criminal penalties, the report noted.

@ Newshounds News™

Source:  Crypto News

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RIPPLE ROLLS OUT CRYPTO STORAGE SERVICES FOR FINANCIAL INSTITUTIONS

Ripple Custody enhances security and compliance for fintech and banking sectors.

▪️Ripple Custody offers banks crypto storage with advanced security and policy settings.

▪️The service integrates with XRP Ledger to enhance trading and compliance capabilities.

Ripple is rolling out a new suite of crypto storage services designed to help banks and fintech firms securely store and manage crypto assets, according to a new report from CNBC. The initiative is part of Ripple’s strategy to diversify its offerings beyond traditional payment settlement operations.

Discussing the latest development, Aaron Slettehaugh, Senior Vice President of Product at Ripple, said the goal is to support the growing needs of businesses operating in the crypto and fintech sectors.

“With new features, Ripple Custody is expanding its capabilities to better serve high-growth crypto and fintech businesses with secure and scalable digital asset custody,” Slettehaugh said.

According to Ripple, the new features come with a more user-friendly interface for storing and managing digital assets. The services also include advanced operational and policy settings, integration with the XRP Ledger, and enhanced anti-money laundering monitoring to ensure compliance.

Under the Ripple Custody brand, the firm plans to allow clients to tokenize real-world assets using its XRP Ledger.

Ripple Custody operates in several countries and is trusted by several top companies like HSBC, BBVA, Societe Generale, and DBS. Ripple said that its custody division experienced over 250% year-on-year customer growth.

Ripple’s expansion into the custody sector follows its acquisitions of Metaco and Standard Custody & Trust Company, targeting bolstering Ripple’s custody capabilities.

The expansion positions Ripple against established firms in the crypto custody market, which is projected to exceed $16 trillion by 2030. Ripple Custody directly competes with well-established custody solutions by Coinbase, BitGo, and Gemini.

Ripple is gearing up to enter the stablecoin market with its upcoming stablecoin, Ripple USD (RLUSD).  RLUSD is in beta testing, with trials being conducted on the XRP Ledger and Ethereum blockchains.

As with its custody move, Ripple faces challenges as it enters a crowded stablecoin market dominated by established players. While there is potential for RLUSD, it will need to differentiate itself from existing offerings to gain traction.

@ Newshounds News™

Source:  Crypto Briefing  

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🌍WHY NUMISMATIC COINS ARE A COLLECTOR'S DREAM |  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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News, Rumors and Opinions Thursday AM 10-10-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 10 Oct. 2024

Compiled Thurs. 10 Oct. 2024 12:01 am EST by Judy Byington

Global Currency Reset: (Rumors/Opinions)

Wed. 9 Oct. 2024 Wolverine: Hi guys…For the people who are desperate to know what is going on. First, I’ve been advised to be quiet and allow the flow to go through. What I heard is that huge Whales have received their notifications and are flying to their destination to receive their blessing.

Wolverine cont…….I can’t say more until I’m allowed to speak. Nothing is guaranteed in this journey but I have absolute faith that any day we are going to receive the news we’ve been waiting for. Please remain in faith and be patient as I know it’s h*****n all of us including myself. If I have anything to share and I’m allowed to I will let you all know. God bless. Your friend, Wolverine

Tues. 8 Oct. 2024 Bruce: Three sources saying we could be notified between Friday and Monday the 14th. One source is saying anytime from the 9th – 14th. Some timing depends on what happens with Hurricane Milton in Florida.

~~~~~~~~~~

Tues. 1 Oct. 2024 Currency Revaluation …Charlie Ward and Friends on Telegram

Key Currencies: Iraqi Dinar, Vietnamese Dong, and Zimbabwe ZIM

Iraqi Dinar: The Iraqi dinar has been undervalued for too long due to years of turmoil and economic instability. But everything is about to change. With this new treaty in place, the Dinar is set for a major revaluation—bringing newfound prosperity to Iraq and transforming its future.

This revaluation won’t just boost the economy; it will bring foreign investors flocking, pushing Iraq into a new era. The elites tried to suppress Iraq, but they can’t hold it down any longer. The rise is imminent, and those who know are getting ready to prosper.

Vietnamese Dong: Vietnam’s economy has been growing steadily, but the value of the Dong never reflected this progress—because they didn’t want it to. Now, with a revaluation, the Dong is set to be on par with the U.S. dollar, signaling the unstoppable rise of Vietnam’s economic power.

This isn’t just about Vietnam; it’s about a global shift, and the opportunities are endless. Trade, investment, and massive economic growth are on the horizon. Those in the know are already seeing the potential. Are you ready to seize the moment?

Zimbabwe ZIM: Zimbabwe has faced economic collapse, hyperinflation, and hardship—but the ZIM is coming back. The revaluation of the ZIM isn’t just a step forward; it’s a leap towards freedom from the chains the global powers placed on Zimbabwe.

This change will restore faith in Zimbabwe’s economy and pave the way for recovery and growth. The old system fears countries like Zimbabwe rising—but it’s too late to stop what’s coming. The revaluation is about reclaiming power, and those prepared will see rewards beyond belief.

~~~~~~~~~~

Global Financial Crisis:

Tues. 8 Oct. 2024: Morgan Stanley claims Amazon is considering laying off 14,000 managers from its 1.5 million-employee workforce. This is because the company is planning to reduce its managerial staff and it could lead to significant layoffs and cost-cutting measures.

Tues. 8 Oct. 2024: Spirit Airlines shares fell 30% on Thursday following a report it could file for bankruptcy.

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

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

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

Bruce   [via WiserNow]  ...as far as our timing for this...people are telling us...essentially it's coming from three separate sources...Two of them are saying we could get notified anytime between Friday...and Monday, the 14th...One source is indicating...any time from...the ninth through the 14th.

SkyWalker  The project [to delete the zeros] is more then just the currency or an exchange rate. The  monetary reforms, banking reforms, building up the reserves at the CBI, buying gold, making laws that attract foreign direct  investment, fighting corruption, increasing international trade, connectivity with international finance platforms, are just some  of the instruments that will justify the RV.  When the CBI is ready the new currency will be introduced with higher value that will  be fashioned specifically for the new macro and micro Iraqi economy.  

OCTOBER WARNING: This Economic Index Hasn’t Been this LOW Since 1975

Daniela Cambone:  10-9-2024

"We’re in a world of inflation volatility,” says Peter Boockvar, Chief Investment Officer of Bleakley Financial Group. In a discussion with Daniela Cambone, Boockvar explains that the widely accepted two percent inflation target won’t remain steady.

He predicts deceleration through the end of this year, followed by an upward inflection next year. Given this volatility, Boockvar advocates for owning gold as a strong hedge, with silver offering even more potential for percentage gains.

He acknowledges the likelihood of a correction or pullback in precious metals, which he sees as typical in any bull market.

“Any sprinter will run out of gas. A healthier run is a marathon where there could be some slowdown in pace along the way. And even a breather is always a good thing to sort of recharge the batteries."

CHAPTERS:

00:00 Gold's performance

2:08 China’s gold purchasing

3:25 What makes gold bullish?

7:06 Western investors’ appetite for gold

 9:21 Economy overview

13:56 Fed’s next move

17:07 CPI

https://www.youtube.com/watch?v=TG0d8gdtP8k

MilitiaMan: Iraqi Dinar-International Focus-WTO File Joining Completed-Regularization of Global Financial System

Iraqi Dinar-International Focus-WTO File Joining Completed-Regularization of Global Financial System

MilitiaMan and Crew:  10-9-2024

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=8Dt99Os-rlE

Seeds of Wisdom RV and Economic Updates Wednesday Evening 10-9-24

Good Evening Dinar Recaps,

STABLECOINS NO ‘SAFE HAVEN’ FROM US MONETARY POLICY, SAYS EUROPEAN CENTRAL BANK

The ECB says that stablecoins are vulnerable to both shocks coming from within the crypto world and the decisions of U.S. central bankers.

The European Central Bank (ECB) has challenged the idea that stablecoins are a “safe haven” for investors in times of market turmoil, finding they are actually highly impacted by U.S. monetary policy.

The working paper examined the link between U.S. monetary policy, money market funds (MMFs), and stablecoins. “Monetary policy, in particular for the U.S. dollar, is the linchpin that connects crypto and traditional financial markets,” the authors concluded.

The paper argued that stablecoins—which have a fixed price and are typically pegged to a fiat currency, often the U.S. dollar—were vulnerable to shocks coming from within traditional financial markets, such as changing U.S. monetary policy, for example increasing interest rates.

Evaluating data since 2019, the ECB claimed the U.S. government raising interest rates led to a 10% drop in the market capitalization of stablecoins over the following 12 weeks.

Meanwhile, it found that traditional non-crypto assets, such as money market funds, actually received a significant influx of new capital during this same period.

A money market fund is a type of fund that invests in short-term debt securities such as U.S. Treasury bills, generally regarded as one of the most conservative, low-risk investment choices.

The paper argues that as monetary policy tightens up, investors demand fewer stablecoins for speculative purposes.

“Contractionary monetary policy shocks are thus negative for crypto: As the opportunity cost of holding unregulated non-interest bearing assets increases in a rising interest rate environment, investors move (on the margin) towards traditional investment assets,” said the paper.

The paper also examined the impact of events in the crypto world on stablecoin market capitalizations. The ECB found that market capitalizations of stablecoins—such as Tether or USDC—experienced pronounced falls during “crypto shocks,” or sudden devaluations in the overall value of Bitcoin.

On average stablecoins fell roughly 4% on average in the aftermath of “crypto shocks.” Examples of crypto shocks included Tesla’s decision to suspend payments from the Bitcoin network, China’s crackdown on cryptocurrencies, the TerraUSD/LUNA collapse, and FTX’s sudden bankruptcy.

As a result, they concluded that monetary policy had more of an impact on stablecoins than shocks to the crypto world. For example, during the “crypto winter” of 2021, major stablecoins like Tether received significant knocks to their market capitalization, although not to the same extent as non-dollar pegged currencies like Bitcoin.

In contrast, the paper concluded that big fluctuations in the crypto market don’t impact the world of traditional finance much—at least at the time of writing. It found a minimal correlation between big events in the crypto world and the inflow into money market funds, such as U.S stock market prices.

The paper didn’t take the Central Bank policies of other major economies into account.

@ Newshounds News™

Source:  Decrypt

~~~~~~~~~

GARY GENSLER GRILLED BY LAW STUDENTS AND FORMER SEC COMMISSIONER OVER HIS STANCE ON REGULATING CRYPTO
▪️At a fireside chat on Wednesday with former SEC Democratic Commissioner Robert Jackson Jr. at the New York University Law Institute for Corporate Governance and Finance, asked SEC Chair Gary Gensler about the agency’s approach to digital assets.

▪️Law students also pressed Gensler about whether the SEC should be more clear in its stance on crypto.

U.S. Securities and Exchange Commission Chair Gary Gensler was pressed by law students and a former Democratic commissioner at the agency over his views on regulating cryptocurrency.

At a fireside chat on Wednesday with former SEC Democratic Commissioner Robert Jackson Jr. at the New York University Law Institute for Corporate Governance and Finance, asked Gensler about the agency's approach to digital assets.

 The SEC has often cited the Howey Test in crypto, which is a 1946 U.S. Supreme Court case used to determine if an asset qualifies as an investment contract and, therefore, a security.

"Is that the way we should oversee cryptocurrency, by trying to apply a 1940s Supreme Court decision to this technology?" Jackson asked.

Gensler stood his ground.

"Look, it's the law of the land and I took an oath of office to do it, but it also protects investors," Gensler said. "At the core of the securities laws, there is a basic concept — you all get to decide what you want to invest in."

That could be green energy or artificial intelligence, but either way, disclosures are necessary, Gensler said.

The SEC has brought a number of enforcement actions against big names in the crypto industry over the past few years, including FTX, Binance, Kraken and Coinbase. Meanwhile, Gensler has consistently warned that crypto exchanges must register with the agency and has said that most cryptocurrencies are securities.

However, crypto firms have argued it's not possible to register with the agency, in part because rules were made for more traditional entities that are different from the digital asset industry.

On Wednesday, Gensler also pointed toward fraud in the crypto industry, citing a report from the FBI last month that recorded a 45% uptick last year in losses tied to crypto since 2022.

"With all respect, the leading lights of this field in 2022 are either in jail or awaiting extradition right now," Gensler said.

Roberts also asked Gensler if it would be better to create a regulatory framework for digital assets. Gensler said that framework already exists.

"Just because people don't like the law doesn't mean there's no law," Gensler added.

A law student also asked Gensler about the SEC's term crypto asset securities and whether the agency should be more clear about its position.

The SEC said, in a recently amended complaint, that when the agency refers to crypto asset securities, it’s not referring to the crypto asset itself but the full set of contracts, expectations and understandings of the sales of such assets. The agency added that it "regrets any confusion."

Gensler said the agency has been clear over the years, including when former SEC Chair Jay Clayton headed the agency.

"Since then as well, the [SEC] have spoken clearly in a consistent voice and the courts have as well," Gensler said.

Another student asked what would happen to the utility of tokens if they were to become compliant with the SEC.

The SEC is "merit-neutral," Gensler said, and investors get to decide the utility. Gensler also noted that tokens are not likely to become a currency.

"It's unlikely this stuff is going to be a currency," Gensler said. "It's going to have to show its value through disclosure, through use."

@ Newshounds News™

Source:  The Block  

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The Financial WARS Begin

🏦 BlackRock, the world's largest asset manager, is secretly preparing for a potential US dollar collapse by launching a fund to back a new stablecoin created by Ethanol Labs, which will be backed by BlackRock's tokenized assets.

💰 Gold and silver prices have surged nearly 30% this year, outperforming equities and bonds, as inflation rises and investors seek safe haven investments.

🏠 Mortgage rates are increasing despite Fed rate cuts, with the 30-year rate spiking 25 basis points last Friday, while banks tighten lending rules and FHA delinquencies rise.

🌲 Lumber and meat processing companies are allegedly colluding to artificially inflate prices, causing builders to lose money on unsold homes, according to McDonald's lawsuit against Tyson Foods and others.

💼 The current economic situation is compared to the Great Depression, with rising unemployment and foreclosures, though during the Great Depression, three out of four people still had jobs.

@ Newshounds News™

Source: The Economic Ninja

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🌍 IOTA GAINS INSTITUTIONAL TRACTION AS FIREBLOCKS ADDS EVM SUPPORT TO ITS SECURE PLATFORM  |  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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4 Tips To Handle Your Finances in an Uncertain Economy

4 Tips To Handle Your Finances in an Uncertain Economy, According to Money Expert Michela Allocca

Chris Ozarowski  Wed, October 9, 2024  GOBankingRates

Michela Allocca is a personal finance creator who shares tips for managing money through her social media pages.  In a recent post on her Instagram @breakyourbudget, she offered viewers four tips to help them handle their finances and prepare for an uncertain economy or even a recession.

Why Recession Prep?

So why prepare for a recession? According to Allocca, in recent years there has been a noticeable rise in financial anxiety among people across the U.S. This isn’t necessarily confined to any particular age group, income bracket or industry — concerns are universal. Record inflation has impacted essential expenses like rent, groceries, gas, insurance and home prices.

Recently, an economic indicator known as the Sahm Rule was triggered, signaling that the country may be on the verge of a recession. The Sahm Rule is used to detect the start of a recession quickly. Developed by economist Claudia Sahm, it focuses on changes in the unemployment rate.

The rule states that if the three-month average of the national unemployment rate rises by 0.5 percentage points or more above its lowest point in the previous 12 months, it signals the beginning of a recession. A recession could mean more layoffs and a tougher and more competitive job market, so preparing as much as you can can be a good idea.

Michela Allocca’s 4 Tips for Recession Prep

1. Take a Financial Snapshot

Allocca suggests starting by getting a firm understanding of your current financial situation. “Review your accounts and get clear on how much you have and where,” she said.

Start by listing all your bank accounts, investment accounts, retirement funds and other assets. Then list all of your debts, such as credit cards, student loans or mortgages. This gives you your net worth — the difference between your assets and liabilities.

Next, assess your cash flow — the amount of money coming in and going out of your accounts each month. List all sources of income, including your salary and any freelance work or side gigs. Then, compare that to your expenses by reviewing bank statements and receipts. You should categorize your spending into essentials like housing, utilities and groceries, and non-essentials like entertainment and dining out.

By auditing your outflow, you can identify areas where you might be overspending. If you find places where you are spending more than you need to, you can cut back and put that money aside for a rainy day.

2. Audit Your Cash Position

Allocca explains that it’s important to decide where you keep your money, especially when the economic situation is more uncertain. She describes this as auditing your cash position. Allocca lists two options for where to keep cash.

One option is a high-yield savings account. Allocca says that this is “a great place for your emergency fund or any other short-term cash savings.” An emergency fund should be one of your top priorities — you’ll need it if you lose your job or have unexpected expenses.

TO READ MORE:  https://www.yahoo.com/finance/news/4-tips-handle-finances-uncertain-140210755.html

Wednesday Evening Chat With MarkZ 10-9-2024

Wednesday Evening Chat With MarkZ

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Good evening to all…….prayers for all of those affected by Milton and Helene

Member: I pray the RV/Reset is soon, SO many people need help!

MZ:”The government completes the file to join the WTO” We know they have already completed everything.. Saudi Arabia had told us this and the WTO told us this….now we are seeing the official paperwork in Iraq …..It is not official yet but that is the next step.

MZ: Sudani has said he wants to raise the purchasing price of the dinar for all Iraqis…both at home and abroad…He has also said he wants to restore the dinar to its former glory.

MZ: “The Iraqi Trade Bank announces measures to support the stability of the exchange rate” Talking about banking modernization again.

MZ: There is great progress in HCL and the WTO and great progress with the white pages and monetary reforms. All of this was necessary before Iraq increases the purchasing power of the dinar.

Member: Any Bond news you can talk about or share?

Member: My bond platform says they are triggering payments for today

MZ: There is a lot of rumors that bonds are triggering today, and we could see fines and penalties and prosperity packages as well…..I do not have this confirmed enough to say one way or another…..I wasn’t even going to mention it tonight ….but, you are not the only one hearing this possibility.

Member: Everyone in Florida please stay safe…..you are in our thought and prayers.

Member:  May God Bless us everyone.

Mod: PLEASE JOIN THE FUN ON W & W TONIGHT AT 8:00 PM EST.

CBD Gurus join the stream tonight. Please listen to replay for their information.

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

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

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

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

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

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

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

More News, Rumors and Opinions Wednesday PM 10-9-2024

TNT:

Tishwash:  Trade Bank of Iraq announces measures to support exchange rate stability

The Trade Bank of Iraq (TBI) announced today, Wednesday, that it has taken a series of measures to support the stability of the exchange rate and prevent exploitation by speculators.

The Director of the Tahrir Branch at the Iraqi Bank, Yarub Al-Hashemi, told the Iraqi News Agency (INA): "The bank's management has taken a series of measures to stabilize the exchange rate and prevent manipulation in the market, including increasing working hours in the bank's branches, which has had an impact on the speed of completing merchants' transactions, the smoothness of financial transfers, and eliminating the momentum in this regard."

He added, "There is a series of measures being taken successively that will have a clear impact on controlling the exchange rate, preventing speculators, and limiting the granting of dollars to the beneficiaries exclusively."

Prime Minister Mohammed Shia Al-Sudani directed "intensifying inspection procedures in financial transfer operations and not being lenient or lenient in pursuing speculators who exploit the crises the region is going through; to achieve personal profits and benefits at the expense of the public interest of the country."  link

Tishwash:  Rafidain clarifies the Cabinet’s decision to approve the contract with K2 Integrity

 Rafidain Bank clarified, today, Wednesday, the decision of the Council of Ministers regarding approval of contracting with the company (K2 Integrity).

A statement by the bank received by "Al-Eqtisad News" stated that "within the banking reform plan adopted by the government of Prime Minister Mohammed Shia Al-Sudani, and for the purpose of developing a framework for governance, policies and procedures related to combating money laundering and terrorist financing in accordance with the requirements of correspondent banks, the Council of Ministers approved the bank's contracting with experts specialized in the field of compliance, combating money laundering and risk management."

The statement added, "This will contribute to strengthening the role of Rafidain Bank in activating international trade and facilitating the procedures for opening accounts with reliable foreign correspondent banks  link

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

CaliforniaSugar:  Not sure if I'm reading into this story with Dinar Goggles, but the timing of this deployment is interesting.

700 National Guard deployed to Kuwait for 1 year

https://www.youtube.com/watch?v=yQ1YEcIkWIM

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY: Saleh on TV saying digital banking is the next stage for the digital transformation FRANK:  Yeah, give us the new exchange rate so it can move...If they weren't about to do that why in the world would they teach you all of this information right now?  FIREFLY:  Yes...it's a good point.  My bank friend even told me that all this information if for us not to miss out on the monetary reform.

Militia Man  It's one of those nail biting time-frames for us all because we've all been here and we've been watching this whole investment unfold.  It looks like Al-Sudani and his teams have communicated well globally and are going to produce...

BRICS Decided to Change the World Order: End of the United Nations?

Fastepo: 10-9-2024

Since its creation, the UN has played a crucial role in post-war reconstruction, especially in Europe, and in the process of decolonization during the 1950s and 1960s, reflecting its central role in global governance.

It has also been involved in numerous peacekeeping and conflict resolution efforts globally. Moreover, the UN has been a significant player in promoting human rights, notably through the Universal Declaration of Human Rights in 1948, and addressing global challenges such as climate change, terrorism, and health crises.

The UN's evolution from its original membership of 51 states to nearly every internationally recognized independent country today (totaling 193 members).

Nevertheless, the United Nations (UN) has faced a broad range of criticisms since its establishment, which have centered on various aspects of its structure, functions, and outcomes. Some of the most persistent criticisms include issues of inefficiency, ineffectiveness in conflict resolution, a lack of transparency, and perceived biases.

Critics often point to the UN's bureaucratic inefficiencies, noting that the organization can be slow to respond to crises due to its complex and cumbersome decision-making processes. This is exacerbated by the need for consensus among major powers in the Security Council, where the veto power of the five permanent members can block significant action.

The UN has also been criticized for its ineffectiveness in resolving conflicts. Despite numerous peacekeeping missions, the UN has been seen as unable to prevent or end conflicts decisively, with some missions marred by allegations of misconduct and ineffectiveness.

Examples include failures in Rwanda and the former Yugoslavia during the 1990s, where UN action was deemed inadequate in the face of genocide and widespread violence. Transparency and accountability issues have also plagued the UN, with critics arguing that it operates with a significant lack of openness regarding decision-making and financial expenditures.

This opacity can undermine the credibility of the organization and fuel perceptions of corruption. Moreover, the UN has been accused of having a biased approach to international issues, often influenced by the interests of its most powerful members rather than the principles of universal justice and equality.

This criticism is particularly vocal in relation to the Israeli-Palestinian conflict and other Middle East issues, where the UN's actions—or lack thereof—have been seen as part of a broader geopolitical bias. The Security Council itself is a significant source of contention, as the composition and power dynamics within the council reflect the post-World War II order, not the current global realities.

 This structure leads to criticisms of unrepresentative governance and inequitable influence, with calls for reform to include emerging powers and more equitably distribute decision-making authority.

https://www.youtube.com/watch?v=sRy36OYrDuE

Bruce’s Big Call Dinar Intel Tuesday Night 10-8-24

Bruce’s Big Call Dinar Intel Tuesday Night 10-8-24  

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. it is Tuesday, October 8th  and you’re  listening to the big call.

Thanks for tuning in. Everybody again, as always -Tuesday and Thursday nights, we welcome everyone all over the globe. The satellite team is doing their best to get the signal out to as many countries as they can and as many people as they can, and we welcome all of big call universe tonight - Tonight, Sue and I will be doing the call without Bob. Bob has evacuated his area south Florida, and he is exhausted really from the drive he had to make to get to where he was going. So I asked him to rest tonight and not really push it to come on the call. So we'll cover for him tonight, Sue, and I will do the call - It'll be a shorter call than normal, that's for sure. All right, so that being said, let's go ahead and pray the call in

All right, let's move into the Intel segment  - Lets go into where we stand – We did get an update on where we are and where we are from last Thursday, when we last had our call. But what's important to get out to you guys is this ….  Okay -  First of all, let's talk about Monday. Monday is  Columbus Day - I know they renamed it something else. I don't remember what it's called right now, we think the banks, for the most part, are closed - now, is this  of so called three day weekend. Well, yeah, maybe however, redemption centers can be made open on Monday. Not a problem, they may very well be open for us –

I’m mentioning that because the let's go into this first -- this morning, at 6:30 am we were advised by one of our military sources that GESARA  - G E S A R A  -- which is the international scope – started this morning -  It was activated this morning. Now that's an international scenario, NESARA for us, that begins with N E S A R A -- 

 NESARA deals  with the United States – okay  and we heard that NESARA  will be activated on Sunday or implemented beginning Sunday - the 13th of this month of October.

 Now, will we see anything on Sunday? I personally think we'll have to wait Monday or  Tuesday to get  any information or announcements that we know are contained in the NESARA  - I wanted  to get that out to you first,

GESARA - begin, began this morning at 6:30am Eastern, and that's global. And  NESARA is our national economic strategic recovery act is for the United States, and that begins on Sunday.

Now, what is included in NE SARA  are things like knowledge about our new asset backed currency, the USN, and also information that we should contain – maybe not on day one or day two – but it should contain information about the change in our tax system – no more fed or state tax -  from our federal  - and we know we're getting back taxes that we paid throughout our adult life,  from age whatever, 16, whenever we started, we should be getting all back as part of our RNR payment, restitution and reclamation allowance that is supposed to be coming back in that

We're also supposed to have  - as you guys know - interest that we paid on credit cards, on bank loans, on mortgages, on anything that were run through the banks, that is part as included in Your R & R  along with the training that they did on our birth certificates, death certificates, on spouses and parents also, also divorce decrees. And what else did I forget?

One marriage license, divorce decrees? Yeah, marriage licenses, right. When you got married, instruments that they use, besides our certificates and so on. So a lot of that ends up being  something that we will get back. It was a trade of us as property, and we will get those funds. ‘

Now, for those of us who are exchanging at the redemption centers, which is everyone that hears my voice, you will set appointment, and that would be put into your quantum account, and should be in there already, so that you can have access to that and lose those funds if you want into your primary or secondary wealth account. And I say Wells  because all the redemption centers,  in North America,  in the United States.

Not necessarily, Canada, and not necessarily Mexico in Canada. But Canada being  watched over by, HSBC, as the primary bank have also center bank. Those two banks for Canada.

And then the redemption centers North America in in the United States, not necessarily Canada, and not necessarily Mexico in Canada, but HSBC as the primary bank, but also social bank, those two banks for Canada and then Latin America is being.  the redemption centers North America in in the United States, not necessarily Canada, and not necessarily Mexico in Canada, but HSBC as the primary bank, but also social bank, those two banks for Canada and then in Mexico and Latin America is being overseen by Banco Santander Santander Bank

Santander Santander Bay, right? So those, those three, the rest of the world, I can only say HS is still the lead international day. There may be some other other banks too that are really the major biggest bank, the one type banks in other countries. Okay, so pay attention to that.

Now, as far as our timing for this, okay, we  know that people are telling us   essentially it's coming from three separate sources today. Two of them are saying we could get notified anytime between Friday - they're considering that the weekend and Monday, the 14th. So the weekend, Friday to the 14th, which is Monday.

One source is indicating that we could get by any time from tomorrow, which is the ninth through the 14th, which is Monday. So the night through the 14th,which is Monday  - yes today, that's right,

I think a little premature, suggests that tomorrow would be in play for 800 numbers. I personally think the most likely scenario, it could come out Friday or Saturday. Yes, it could, but if we don't get it by Saturday, my gut is that it'll come in Sunday night late and wake up to it Monday, and then call – set appointments - and maybe, depending on the time that we get the numbers, the 800 numbers in our emails from Wells Fargo and we set our appointment, and then if it's early – we go that day -, because not If it's later, like two o'clock in the afternoon or so, I think that we get our numbers  I heard starting on Tuesday, that's my my opinion – that’s my projection on it

 that you know we could, I could be wrong. I hope I'm wrong and we get it sooner. I think they are watching to see what happens with the hurricane, I think they are watching to see what happens when you have provisions some of the areas that have already been hit by Hurricane Helene that they have temporary structures that can do some exchanges as well in place. And so they may not be the same permanent buildings that they were going to use.

They've already worked that out. Now, if this thing, the hurricane, goes through and does a fair amount of damage, then I'm thinking they may postpone it, but they may just want to catch back on changes as soon as redemption centers are looking to Get notified, when they notified, even as early as tomorrow, that they would have available funds in the email, how much they have total in their account, how much availability of those funds they would receive access Three things, what's their total amount that should be in their account, how much, how much they would have access to day one, and then what day they would actually be able to access their account? And those emails could come out anytime.

Could be they might not get access till next week, so we don't know until here we are on a Tuesday. It looks to me like we would have a call on Thursday night.   

At this point, that's what it looks like.  plan for that. And other than that, I say I that's pretty much everything I wanted to bring out tonight, everything I wanted to say,

I believe that the information is reliable. And reason why time for the weekend through 14 is the fact that Sunday, we've got Nasara activated, implemented on Sunday don't have a time. Might be after the 4x comes back up five o'clock Eastern don't know that, but when just are already implemented this morning, at 630 in the morning and got Nasara to be implemented, I think we're off to the races, I really do.

And I think that gives us enough time through the end of the month or Reduction Centers to get most everybody in there. Of course, they want the zoom in their immediate Amen thing.

They want it quickly and all that good stuff.

We don't talk about med beds a whole lot, but I did. I did hear that med beds should be available, especially for zim holders, take care of the white labels that could be

They want to know that you want to be around long enough to see your projects through the completion. So there is a little bit of advantage if you're a Zim holder, in terms of getting into the Mend bag quickly. I'm talking 5% After getting start, so I'm excited about that tonight. And let's now turn off the recording

Bruce’s Big Call Dinar Intel Tuesday Night 10-8-24  REPLAY LINK  Intel Begins 1:03:35

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Bruce’s Big Call Dinar Intel Thursday Night 9-26--24  REPLAY LINK  Intel Begins   1:08:08

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Bruce’s Big Call Dinar Intel Tuesday Night 10-1-24  REPLAY LINK  Intel Begins   1:14:45

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Bruce’s Big Call Dinar Intel Thursday Night 9-26--24  REPLAY LINK  Intel Begins   1:00:40

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Bruce’s Big Call Dinar Intel Tuesday Night 9-24-24  REPLAY LINK  Intel Begins 56:36

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Bruce’s Big Call Dinar Intel Thursday Night 9-19--24  REPLAY LINK  Intel Begins   1:11:30

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Bruce’s Big Call Dinar Intel Tuesday Night 9-17-24  REPLAY LINK  Intel Begins 1:02:20

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Bruce’s Big Call Dinar Intel Thursday Night 9-12-24   REPLAY LINK   Intel Begins   1:13:30

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Bruce’s Big Call Dinar Intel Tuesday Night 9-10--24  REPLAY LINK  Intel Begins 1:07:27

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Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 10-9-24

Good Afternoon Dinar Recaps,

LEADING STABLECOIN ISSUERS & CRYPTO FIRMS EMBRACE INTERNATIONAL SET OF STABLECOIN STANDARDS

London, United Kingdom, October 9th, 2024, Chainwire

▪️Stablecoin Standard’s newly introduced set of global standards receives endorsement from a number of stablecoin issuers, including GMO-Z.com Trust Company (‘GMO Trust’), StraitsX and BiLira, that offer G10 currencies including JPY, SGD, TRY & USD

▪️Standards also endorsed by top ecosystem participants including Fireblocks, Solana, Bitst,amp, Zodia Markets and JST Digital

Stablecoin Standard, the industry body for stablecoin issuers globally, today announced that their recently unveiled set of global standards for stablecoin issuers have been endorsed by some of the leading stablecoin issues and ecosystem participants in the industry.

Among those who have endorsed are Archblock, BiLira, Bitstamp, GMO-Z.com Trust Company (‘GMO Trust’), JST Digital, Fireblocks, Solana Foundation, StraitsX and Zodia Markets, signaling a new era of cooperation and standardization within the stablecoin industry.

The standards, announced by Beth Haddock, Global Policy Lead at Stablecoin Standard, at the Annual Flagship Event in Singapore, were designed to promote operational resilience, transparency and consistent issuer commitments globally.

Stablecoin Standard’s Policy Working Group created the high-level standards that are both general and actionable, while being sensitive to the innovation in the market.

Beth Haddock, Global Policy Lead at Stablecoin Standard, commented on the endorsements: “Their endorsement not only validates the rigor of our proposed framework but also underscores the importance of creating a stable, transparent, and resilient environment for digital currencies.

This milestone, following discussions at our annual meeting, sets a strong foundation for the continued evolution of the ecosystem.”

The endorsement of the standards lays the groundwork for a stablecoin ecosystem that prioritizes transparency, security and consumer protection. With increased scrutiny from regulators and growing demand for digital assets, unified standards can provide clarity and assurance to both industry participants and the public.

Stablecoin Standard’s new framework aims to accelerate the adoption of stablecoins by fostering greater confidence among consumers, regulators, and traditional financial institutions.  

Ramy Soliman, Co-Founder of Stablecoin Standard, commented on the endorsements: 

“The endorsement of our global standards by leading stablecoin issuers such as, BiLira and ecosystem participants, including industry leaders like Solana, Zodia Markets and JST Digital, is a vital step toward establishing a unified, trusted framework for the entire sector.

As stablecoins continue to redefine the future of digital payments, these standards will provide the foundation for long-term growth, transparency, and security.

This collective commitment—solidified during discussions at our annual meeting—not only underscores the industry’s dedication to fostering innovation but also demonstrates a concerted effort to align with evolving regulatory expectations and build the consumer trust essential for stablecoins to thrive globally.”

Stablecoin Standard and its endorsing members plan to continue refining these standards for implementation with the goal of achieving industry-wide adherence by Q4 2025.

Quotes from Endorsers:

Sinan Koç, Co-founder and CEO of BiLira, commented on their endorsement, “As a stablecoin issuer, BiLira has always prioritized transparency, security, and adherence to high standards, which is why we are proud to endorse the Stablecoin Standard’s newly introduced set of global standards.

TRYB is governed with a commitment to uphold these principles, which we believe are essential for fostering trust and stability in the rapidly evolving digital asset space. We support this initiative as a significant step towards a more resilient and unified stablecoin ecosystem.”

Ran Goldi, SVP Payments and Network at Fireblocks, commented on their endorsement, “With more than a dozen stablecoins issued on Fireblocks, we strongly believe standards are the right path for our ecosystem with regard to interoperability and reaching the holy grail of instant liquidity any time, anywhere. SCS is taking a big, bold step, and we proudly endorse and stand with them on this journey.”

Kenny Chan, Head of StraitsX, commented on their endorsement, “As one of the leading regulated stablecoin issuers in Asia, StraitsX is committed to upholding the highest standards of transparency and operational resilience.

We are proud to support the Stablecoin Standard’s newly introduced global standards, which will help build greater trust in the stablecoin ecosystem and ensure that digital currencies can be securely and seamlessly adopted by businesses and consumers worldwide.

By working collaboratively with key industry participants, we believe these standards will provide a strong foundation for the future of stablecoins, promoting innovation while ensuring compliance with evolving regulatory frameworks.”

About Stablecoin Standard

Stablecoin Standard (SCS) is the industry body focused on setting operational, transparency, and product related standards for stablecoins. The SCS plans to achieve industry wide standards by sharing international best practices, business development use cases, forming industry led working groups defining what a high-quality liquid stablecoin should look like, and engaging with policymakers domestically & internationally.

The SCS ecosystem consists of over 30 advisory board members, industry partners and issuers that offer digital currencies in global jurisdictions such as the US, EU, Singapore, Australia, and Turkey – among others.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

CHINA STRENGTHENS RUSSIA PARTNERSHIP VIA BRICS AND SCO COOPERATION

China has reaffirmed its commitment to closer relations with Russia through major international platforms like BRICS and the Shanghai Cooperation Organization (SCO). 

At an event celebrating 75 years of diplomatic relations, State Councilor Shen Yiqin emphasized China’s readiness to bolster international cooperation and multilateral partnerships, especially within the Global South.

China Reaffirms Strategic Commitment to Russia on 75th Anniversary of Diplomatic Ties

Chinese State Councilor Shen Yiqin reaffirmed China’s commitment to closer ties with Russia through platforms like BRICS and the Shanghai Cooperation Organization (SCO) at an event marking the 75th anniversary of diplomatic relations between the two nations. Speaking at the Russian embassy in Beijing, Shen emphasized China’s readiness to enhance international cooperation. She said:

We are ready to proudly carry the banner of multipolarity, defend international equity and justice, increase cooperation within international platforms, BRICS and SCO in particular, unite the Global South, and contribute to forming a community with a unified course for humanity.

Shen’s remarks highlighted China’s dedication to building stronger multilateral ties. She also spoke of the strategic importance of continued collaboration with Russia, noting that the two countries are united in their efforts to further deepen their partnership. Shen noted:

We will pursue deepening full-scale cooperation with our Russian friends for the good and in the interests of the national revitalization of the two countries in accordance with the top-level agreements within the context of the celebration of the 75th anniversary of the establishment of diplomatic ties and the Years of Culture.

The Chinese leader also recalled the recent exchange of congratulatory messages between President Xi Jinping and President Vladimir Putin, affirming both nations’ commitment to stronger bilateral relations.

@ Newshounds News™

Source:  Bitcoin News

~~~~~~~~~

 AUDIO - BOB LOCK - TEXAS SNAKE AND BLONDE - MANAGING SUDDEN WEALTH THROUGH SMART TEAM BUILDING.  |  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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Thank you Dinar Recaps

“Iraq and Vietnam News” Posted by KTFA Members 10-9-2024

KTFA:

Clare:  Controls

Anti-Money Laundering and Terrorist Financing Controls for Exchange Companies and Foreign Currency Brokers ...

For more, click here

https://cbi.iq/news/view/2686

Clare:  Association of Banks: More than 600 government institutions adopt electronic payment

10/8/2024  Baghdad

The Association of Private Banks confirmed, on Tuesday, that the number of government institutions relying on electronic payment has increased to 600.

The Executive Director of the Private Banks Association, Ali Tariq, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the government decisions obligating government institutions and many private institutions to provide an electronic payment window - which began to be implemented in March 2023 - have brought about a tangible change in the use of this system in Iraq."

He added, "The infrastructure was ready with the support of the Central Bank of Iraq, with prior instructions and great cooperation between banks and electronic payment companies."

He pointed out that "government support has contributed to accelerating the spread of electronic payment, as we have witnessed during the past year and a half a significant increase in the number of cards issued, reaching 20 million cards, including 2 million cards issued during the last year. The number of electronic payment devices has also increased to more than 30 thousand devices, and it is expected that this number will double by the beginning of next year."

Tarek explained that “the number of government institutions that have adopted the electronic payment system has exceeded 600 institutions, after it was only about 50 institutions, which led to a significant increase in the volume of trading,” noting that “this system has many benefits for citizens, projects and the government, as it provides security, speed and low costs compared to transferring money and its exposure to damage, theft or counterfeiting.”

He stressed that "the next phase will witness a greater expansion in the use of electronic cards and an increase in electronic payment operations, with the primary goal of providing an easy and inexpensive service to the Iraqi citizen, whether in government or private institutions."  LINK

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

Clare:  The government completes the file to join the "WTO"

10/9/2024  Baghdad: Rula Watheq

 After the important steps and achievements made by the government in more than one file and sector, it was the turn to address the world and confirm that Iraq has become an economic power that should not be underestimated, and has all the qualifications and capabilities to join the World Trade Organization (WTO) after completing all preparations for that.

The government headed by Prime Minister Mohammed Shia Al-Sudani has set, within its government program, a clear vision for the economic future in Iraq, which included setting timetables for achieving the liberalization process and focusing on sectors with high potential such as agriculture, industry and services, which contributes to accelerating accession to the organization.

According to the spokesman for the Ministry of Commerce, Mohammed Hanoun, to Al-Sabah, "All preparations were completed by the government team representing all ministries, which held an important meeting in Abu Dhabi headed by Minister of Commerce Athir Dawood Al-Ghariri."

He explained that "Iraq has fulfilled all the requirements for joining the organization, through a package of legislation and laws currently being discussed to reform the current legal system to be in line with the requirements and controls of the international organization, such as coordinated trade policies throughout the country, including tariff rates and customs procedures."

Experts believe that joining the organization will be a "major achievement" for the government, especially since it has great benefits, including increasing Iraqi exports and contributing to stimulating economic growth.

Hanoun praised "the efforts of the Kingdom of Saudi Arabia through its team in the organization, through coordination with it, as it is the main partner in Iraq's accession to this international organization."

 He stressed that "all ministries are working to ensure that the team has the information that helps it join the organization, especially since joining the World Trade Organization benefits Iraq in expanding free trade."   LINK

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

Clare:  Iraq plans to build 52 advanced residential cities

10/9/2024   Baghdad: Hussein Thaghab  

The “Real Estate Investment in Digital Transformation” Forum focused on the inevitability of adopting technology in the real estate sector and the benefits it brings to the country, at a time when nearly 200,000 housing units are being built and 52 residential cities are being planned.

The Prime Minister’s speech was read on behalf of the Digital Transformation Advisor, Dr. Hassan Al-Khatib, who said: “This forum enhances the reality of investment in Iraq and keeps pace with the development in digital transformation, which the government attaches special importance to due to its role in achieving sustainable economic development.”
He added that “the development of digital technologies will contain challenges and that cooperation with the private sector achieves the goals that the government aspires to, which will push the digital transformation process forward and enhance safe work paths in all sectors.”

He continued that “digital transformation has significant positive effects on the national economy, and Iraq is witnessing the construction of more than 200,000 housing units, which requires the introduction of advanced technology.”

He pointed out that "the country needs to introduce an infrastructure that accelerates the provision of services," noting that "the expansion in construction and the need for communications accelerates the achievement of digital transformation," warning of "the need for an infrastructure that is several times what is available, represented by the Internet, in a way that develops the Iraqi economy to large levels and helps in enhancing production and expanding services and contributes to doubling the annual gross domestic product periodically."

He stated that "the government has a plan to establish a digital academy to train thousands, even millions, of human resources to enable them to use and benefit from new technologies."

Chairman of the Baghdad Investment Commission Ali Al-Attar said: "Many housing projects have begun by introducing digital data, and this plan requires developing the
digital system."

He pointed out "the importance of developing digital performance, and we must work to prepare specialized human resources in this plan that aims to adopt technologies that are the most modern
in the world."

Representative of the Ministry of Construction and Housing, Hamid Abdul Hamad, stated that “residential cities are among the most important aspects of the government program,” noting that “the study of establishing 52 residential cities is ongoing, 5 of which have been put forward, and the cities’ specifications include that they be smart.”

He pointed out that “the city designs were not approved unless they included advanced technology and the adoption of advanced global companies in the field of
digitization.”

Executive Director of the Iraqi Private Banks Association, Ali Tariq, said that “digital transformation represents the most important direction for developing the economic reality in the country, as it rises to advanced and secure levels for money paths in Iraq.”

He pointed out that “rising to global performance requires advanced digital transactions, and here we must start from where the world ended and keep pace with the developments witnessed by the international work arena.”

He pointed out that “the balance of development during the coming period must be the most efficient, and this must be coupled with real work that comes with advanced technology and the necessary human resources.”

Financial expert Dr. Abdul Hafeez Abdul Latif described the government’s insistence on digital transformation as “the first step towards achieving sustainable economic development,” and explained that “the government’s approach represents an important step in the right direction that serves the country and reflects a bright image to
the world.”

He pointed out that "correcting paths and creating an ideal environment lies in the extent of adopting digital transformation within Iraq, and the banking system has become a supporter of developing the reality of performance in Iraq through the digital transformation sought by
the government."   LINK

Henig:  Trump Organization to develop $1.5 billion golf course and hotel project in Vietnam

By Reuters

October 8, 2024 HANOI, Oct 8 (Reuters) - Vietnam's real estate developer Kinhbac City (KBC.HM), opens new tab (KBC) said on Tuesday that its subsidiary has partnered with The Trump Organization to develop a $1.5 billion golf course and hotel project in Vietnam's Hung Yen province.

A memorandum of understanding between the two companies was signed in late September during the visit of Vietnamese President To Lam to the United States, KBC said in a statement. The project consists two 54-hole golf course systems, together with a network of hotels and resorts and a modern residential complex, the statement added.

A Reuters analysis in August found the golf course and resort business was the biggest driver of cash flow for the Trump Organization, the family business of U.S. Republican presidential candidate Donald Trump, which houses the hundreds of companies he ultimately owns.

In mid-September, representatives from the Trump Organization visited the province and met Hung Yen authorities to discuss investment opportunities, according to the provincial administration.

"We are excited to enter this dynamic market. Vietnam has potential in the luxury hotel and entertainment industry," Eric Trump, Executive Vice President of The Trump Organization, also the second son of former President Donald Trump, said in the statement.

It did not provide a timeframe for construction of the project.

Vietnam, with a population of 100 million, currently has about 70 golf courses and 100,000 local golfers, according to the Vietnam Golf Association.

The U.S.-based Trump Organization did not immediately respond to an emailed request from Reuters for comment. LINK

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Clare:  Officially.. Signing the contract to implement the Gulf electricity interconnection with Iraq

10/9/2024

The Gulf Cooperation Council countries signed, on Wednesday, a contract to implement the Gulf electricity market linkage project with Iraq, which will enhance energy security and allow the GCC countries to supply Iraq with about 3.94 terawatt-hours annually at competitive prices less than the cost of local production, leading to a reduction in public expenditures .

The signing took place at the headquarters of the Gulf Interconnection Authority in Dammam, eastern Saudi Arabia, under the patronage of Saud bin Bandar bin Abdulaziz, Deputy Governor of the Eastern Province, who launched the update of the control center systems for the electrical interconnection network, which aims to improve the efficiency and flexibility of electricity systems in the face of current and future challenges.

Bin Badr Al-Aziz stated that implementing the project to link the Gulf electricity market with Iraq will contribute to the sustainability of energy supply and the establishment of local projects, and enhance the stability of the electricity grid in Iraq, which reduces dependence on expensive traditional energy sources and increases the effectiveness of using available resources .

He stressed that the Gulf electricity interconnection project is one of the strategic projects that strengthens the bonds of cooperation in the economic and social fields between the GCC countries and neighboring countries, and enjoys the support of the leaders of the GCC countries in order to achieve security and stability of the energy system in the region .

Bin Abdulaziz stressed the need for expansion and that the role should not be limited to ensuring the flow of energy only; as the actual steps have begun through signing memoranda of understanding to study the possibility of electrical interconnection with Iraq, Jordan and Egypt, and at the beginning of next year, the actual operation of the interconnection with Iraq will begin.

He explained that signing the contract to implement the Gulf electricity market linkage project with Iraq will contribute to enhancing energy security and enable the GCC countries to supply Iraq with about 3.94 terawatt-hours annually, according to the targets set for 2025, and at competitive prices less than the cost of local production, which will lead to reducing public expenditures.  LINK