News, Rumors and Opinions Sunday AM 10-13-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 13 Oct. 2024

Compiled Sun. 13 Oct. 2024 12:01 am EST by Judy Byington

Judy Note: (RUMORS) On October 24 and 25, every cell phone on the planet will be hit with a loud, unmistakable alert signal. The signal will be transmitted directly from Starlink satellites, bypassing traditional media channels that are controlled by the elites.

The Earth Alliance, Starlink, and the military are all in place, ready to execute the final phase of this plan. The old world is crumbling, and a new era of freedom is about to begin. The Earth Alliance has been preparing for this for years, quietly building a network of satellites and secure communication lines that will make this operation possible. Starlink

The EBS alert will be initiated globally but will be activated in phases. Depending on where you are, you may receive the alert slightly earlier or later than others, but make no mistake—it is coming.

The EBS broadcast will last up to 10 days depending on the situation on the ground. During this time, there will be no internet access, no social media, no TV, and no mainstream news.

Stock up on food, water, and essential supplies. Have backup power sources ready. You won’t be able to go to the store or access online services during this time.

The DeepState’s financial institutions will crumble, and the Quantum Financial System (QFS) will officially take over, marking the beginning of the greatest wealth transfer in human history. The elite-controlled banks, stock markets, and fiat currencies will be obliterated, replaced by a fair and transparent financial system that serves the people, not the elites.

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Global Currency Reset:

On 14 Oct. 2020 the UNITED STATES CORPORATION COMPANY (allegedly) filed a Chapter 11 (involuntary) bankruptcy in the Northern District of Florida Bankruptcy Court Case #20-40375.

On Wed. 9 Oct. 2024 BRICS 12 Countries Ditched US Dollar and will now pay trade in local currencies: https://watcher.guru/news/brics-12-countries-ditch-us-dollar-pay-85-trade-in-local-currencies

Sat. 12 Oct. 2024 Wolverine: “From all sources, this is the week we have been waiting for. Things are defiantly moving.”

On Mon. 14 Oct. 2024 at the BRICS Summit they are (allegedly) going to announce the Seven Kingdoms, along with the Global Currency Reset.

Mon. 14 Oct. 2024 the old banking system—Bank of America, Deutsche Bank and JP Morgan— was expected to collapse, with the QFS taking over as stock markets crash.

Wed. 16 Oct. is a designated celebration day for Iraq and the day they will (allegedly) pay their contractors in the new Dinar Rate.

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Global Financial Crisis:

Sat. 12 Oct. 2024: BRICS: These 40 Countries Want To Ditch the US Dollar! VIDEO – amg-news.com – American Media Group

Sat. 12 Oct. 2024: Operation Sandman is a collaboration of 100+ nations in agreement to simultaneously sell off their US Treasury holdings, sending them back to the US to collapse the US Dollar. https://x.com/danscavino/status/1845139034601030143?s=46

Sat. 12 Oct. 2024: 7 Eleven is closing hundreds of store locations across North America due to underperformance.

Read full post here:  https://dinarchronicles.com/2024/10/13/restored-republic-via-a-gcr-update-as-of-october-13-2024/

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

Militia Man   Article Quote:   "There's been a completion of the first steps of the banking reform process."     In my view the next phase should introduce new currency denominations.  If they're going to have 3 zeros removed as Alaq said, you're going to need new denominations.  They never have had a three zeros exchange rate to be supporting the global financial system.  They haven't done that in 21 years so why now?  They never will as far as I'm concerned...they're never going to be the savior of anything at 1310.

Bruce   [via WiserNow]  ...we heard...let's see the 16th, which would be Wednesday, is the day that Iraq is paying all of their contractors and paying any back pay that they need to pay...And it's also the day, Wednesday the 16th, the day of celebration in Iraq for this RV and their new rate on the dinar, etc.  So it looks like our start date would be Wednesday the 16th, but it could be actually, that we would start on Tuesday. I know we're supposed to get notified on Tuesday whether we start exchanges or not. We'll have to see, but the whole thing is lining up beautifully...I'm excited about the timing...

X22 Report Streamed on: Oct 12, 10:30 am EDT

Today’s Guest: Bix Weir

Website: Road To Roota   http://roadtoroota.com

Bix begins the conversation talking about the economy. The [CB] are destroying their old system and the good guys are preparing and ready to bring in the new system. The system will be moving back to sound money and the constitution, the control of the creation of currency will taken away from the [CB]. It will be bumpy so buckle up and get prepared.

https://rumble.com/v5if0hh-bix-weir-the-good-guys-are-about-to-change-the-economic-system-buckle-up-it.html?e9s=src_v1_ucp

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Consumer Debt Crisis - ANOTHER GREAT DEPRESSION? (John Rubino)

Sachs Realty:  10-12-2024

Americans are enslaved to debt! With the cost of living at unsustainable levels and loan delinquencies on the rise, will we see another Great Depression in the United States?

https://www.youtube.com/watch?v=kCV_Yoie5OI

“Tidbits From TNT” Sunday Morning 10-13-2024

TNT:

Tishwash:   Parliament discusses budget law with Finance Minister, Customs and Tax officials

Today, Sunday, the Parliamentary Finance Committee hosted: Minister of Finance Taif Sami, Chairman of the General Authority of Customs Hassan Al-Akeili, Chairman of the General Authority of Taxes Waad Al-Alawi, and Director of the Budget Department at the Ministry of Finance Wasan Saad.

The hosting witnessed a discussion of the Iraqi state’s general budget law, financing projects in the governorates, and enhancing non-oil financial revenues through customs and taxes   link

Tishwash:  "Autumn" economic recession in Iraq.. and a government advisor explains the reasons

A government advisor revealed that Iraq is going through a “seasonal economic recession.”

 The financial advisor to the Prime Minister, Mazhar Mohammed Saleh, told {Al-Furat News}: "The fluctuation of the dollar exchange rate in the parallel market has nothing to do with the phenomenon of seasonal recession that the markets are currently witnessing."

He explained that "the recession in demand comes after the high peak of sales that preceded the current school season and the end of most major religious and social occasions, in addition to the entry of the fall season, which is the end of the summer season, that abundant season in agricultural production and marketing." 

Saleh explained, "In all cases, there is a recession in demand or a recession in seasonal economic activity, which is a phenomenon that occurs when economic activity declines during a certain period of the year as a result of seasonal factors."
He continued, "This recession can occur in different sectors such as tourism, agriculture, or retail sales, and is often affected by natural factors such as weather, religious occasions and holidays, or changes in demand patterns from one season to another."

Saleh believed that this recession "will take such a seasonal change, a few weeks until the entry of winter for economic activity to begin interacting in this short-term economic cycle."  link

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Tishwash: Postponement of the "Iraq Investment Forum" for this reason

The committee in charge of preparing and supervising the (Iraq Investment Forum) announced the postponement of the date of the forum, which was scheduled for November 2-3, to another date that will be determined later, due to the tense and unstable political and security conditions witnessed by the region at the regional and international levels, which negatively affects the holding of all local, Arab, regional and international economic activities and events.  link

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Tishwash:  Minister of Industry inaugurates Baghdad Industry and Mining Forum

Minister of Industry and Minerals Khaled Battal Al-Najm inaugurated the Baghdad International Forum for Industry and Mining, which is organized by the ministry under the patronage of the Prime Minister over two days under the slogan (Mining is Sustainable Development ... and Safe Investment).

The minister stressed in a speech in which he opened the forum that the Ministry of Industry and Minerals is proceeding with confident steps and a firm determination to achieve the goals of the government program and its drawn vision, the most important axes of which are achieving a real partnership between the public and private sectors and opening the way for local and foreign partners to invest in strategic industries and other industries, noting that this forum will witness the presentation and announcement of (135) investment opportunities and projects for partnership with the ministry's companies in the field of mining and various industrial fields.

He added: "We have started with tangible practical steps to activate the mining sector by conducting geological surveys of the country by specialized international companies and using the latest technologies.

He continued that achieving a real industrial renaissance in the country requires a set of success factors, the most important and first of which are energy, specifically gas and electricity.

He pointed out that the Ministry of Industry cannot achieve its set goals without everyone's cooperation and understanding of the requirements for achieving those goals.

He explained that the Ministry of Industry and Minerals, according to its law and duties, takes into account the private industrial sector by facilitating the work of this sector and overcoming the obstacles facing industrialists in medium, small and even micro-enterprises. He explained

that a day or more has been allocated per month to work in the Iraqi Federation of Industries with the technical staff in the ministry to listen directly to the problems of industrialists and support the private industrial sector in a way that reflects on the economic and developmental reality of the country. He indicated that the current reality requires us to invest in developing our local industry in a way that keeps pace with technological transformations. And the global economy.

He stressed that Iraq has all the ingredients that qualify it to be a major player in the industrial sector, starting with human competencies and labor force and ending with the provision of natural resources.

He pointed out that our strategy and work plan are based on strengthening the industrial infrastructure in cooperation with other sectoral ministries, improving the investment environment and encouraging industries.

He pointed out to working to build strategic partnerships with solid international companies to transfer technology and localize knowledge in a way that enhances our ability to compete in local and regional markets.

The forum was attended by Minister of Labor and Social Affairs Ahmed Al-Asadi, a number of representatives, government officials, ambassadors, and a large gathering of businessmen, investors and representatives of local, Arab and foreign private sector companies.

The forum aims to establish real industrial partnerships between public companies and the private sector, as it will include various axes and activities, including holding dialogue sessions on industrial partnerships, privileges and legislation in creating an attractive environment and opportunities for investment, in addition to presentations of available investment opportunities and projects and introducing them from a technical point of view, as well as other paragraphs and activities. link

Mot: . can you tell 

Mot:  . Crafty she is!!! 

3 Ways To Overcome Fear of Spending in Retirement

3 Ways To Overcome Fear of Spending in Retirement, According to a Financial Expert

T. Woods  Sat, October 12, 2024   GOBankingRates

James Canole is the founder of the financial advice website Root Financial Partners, and is a CFP professional/financial advisor whose podcast, “Ready for Retirement,” helps guide people toward a comfortable and prosperous nest egg for their retirement years.

On a recent episode of his podcast series, Canole spoke to a retiree facing a fundamental challenge: how to comfortably spend money in your retirement.

Canole introduced his guest, “Ben,” as a man who “saved aggressively” so that he could retire at the age of 53. However, while Ben is enjoying his retirement, he’s found it incredibly difficult to spend money on certain things.

Growing up with a single mom, Ben came to appreciate what “a very important channel for us” money was, and how much he needed to value and appreciate it. As he became older, and aggressively saved in order to build a portfolio upon which he could retire early, his value of money only increased.

As such, Ben has found that the major issue for his retirement has been the struggle to give himself permission to spend the money that he saved and earned. “I hate to say that I’m denying myself,” he lamented, “but I oftentimes feel that that’s the case right now.”

Making the transition from “a saving to a spending mindset” was a problem he never anticipated, but it is one he has had to confront now, to the point that his retirement spending actually continues to decrease. Through Ben’s discussion with Canole, however, the two worked out ways to overcome the fear of spending and allow Ben to enjoy his golden years.

Give Yourself Permission To Spend

You’ve worked hard for your retirement, and you’ve planned ahead. This is the moment you’ve been saving for. If you don’t spend on yourself now, when will you?

Commit to a Spending Decision

TO READ MORE:  https://finance.yahoo.com/news/3-ways-overcome-fear-spending-120021438.html

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 10-12-24

Good Afternoon Dinar Recaps,

STABLECOIN LIQUIDITY IS INCREASING, WHAT DOES THIS MEAN? (CRYPTOQUANT)

Rising stablecoin liquidity could lead to increasing prices for crypto assets. Here’s why.

Stablecoin dynamics are flashing positive, reaching record highs and boosting liquidity within the crypto market. As historical data shows, this is good news for bitcoin (BTC) and the entire crypto industry because more liquidity often correlates with higher prices.

A recent CryptoQuant report revealed that the total market capitalization of major USD-backed stablecoins now stands at $169 billion, representing a 31% or $40 billion increase since the beginning of the year. This growth caused liquidity in the crypto market, as measured by stablecoin value, to reach a record high in late September.

Stablecoin Liquidity is Increasing
The increasing liquidity can be seen in higher stablecoin balances on centralized exchanges. Tether USD (USDT), which continues to dominate the stablecoin market, has been the major driver of this growth.

The total USDT (ERC20) balances on centralized exchanges hit a record high of 22.7 billion this month, growing by 54% or $8 billion year-to-date.

CryptoQuant also noted that roughly $8.5 billion USDT issued on the Tron network is currently held on centralized exchanges, which is a good sign.

“Larger balances of stablecoins on exchanges are positively correlated with higher Bitcoin and crypto prices,” the market analytics platform stated.

This bull cycle started in January 2023, and since then, the total amount of USDT (ERC20) on centralized exchanges has grown from $9.2 billion to $22.7 billion, a whopping 146% increase.

The dominance of USDT has led the asset to amass a 71% share of the stablecoin market, with its closest rival, USD Coin (USDC), following with 21%. USDT’s market cap is nearing $120 billion, up 30% or $28 billion since the beginning of 2024, while USDC has a cap of $36 billion, representing a 44% or $11 billion growth year-to-date. CryptoQuant said USDT and USDC have accounted for almost all the net stablecoin growth recorded this year.

A Potential Bitcoin Rally
Interestingly, USDT and USDC have continued to increase monthly, although slower than earlier this year. An increased pace in the monthly growth of these assets’ market caps could signal a new rally for BTC and crypto prices, especially since the leading cryptocurrency has been flat.

While USDT and USDC continue to dominate, new players are emerging. Ripple Labs, the developer of the XRP Ledger, recently launched a USD-backed stablecoin, RLUSD. Since late September, RLUSD has already amassed a market cap of $47 million, and analysts say the asset has the potential to grow significantly.

@ Newshounds News™

Source:  CryptoPotato

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RIPPLE: FORMER EXECUTIVE EXPLAINS WHY XRP IS SUPERIOR TO BITCOIN

Despite the dominance of the leading cryptocurrency, one former Ripple executive has recently explained why he believes XRP is superior to Bitcoin. 

Specifically, Matt Hamilton, the former director of Developer Relations at RippleX, discussed the facets that edge out XRP when compared to the much more popular BTC.

The year has been a vital one for cryptocurrencies, and mostly because of the continued rise of Bitcoin. Yet, there are many in the industry who believe that the asset may not fare well when compared to its technological counterparts. The question is, does XRP really have an advantage over the industry’s leader?

Ex-Ripple Executive Highlights Why XRP is Better Than BTC
Throughout 2024, Ripple and Bitcoin have had very different years. Where the latter became the first crypto-based ETF to be approved by the US Securities and Exchange Commission (SEC), the agency has reengaged in its years-long legal battle with Ripple. 

The two tokens appear to be in completely different positions, yet one expert has a strong opinion on which could be perceived as better.

Former Ripple executive Matt Hamilton has recently discussed the ways in which he believes XRP is superior to Bitcoin. Speaking during a recent podcast appearance, Hamilton did not mince words when comparing the two. Specifically, he noted there are reasons why Bitcoin has some key drawbacks, and XRP could eventually reach a mass audience.

Hamilton noted that XRP has a massive scalability advantage to BTC. The leading crypto (BTC) has a low throughput, which works against mass adoption hopes. With a network that can only handle as much as 10 transactions, large-scale, cross-border payments would not be possible under BTC.

Interstingly, Hamilton said that if Bitcoin was the world’s only currency for transactions, a person would only be able to make two transactions throughout their lifetime due to the scalability concern. Although it has addressed the issue, it is far behind the competition.

The XRP Ledger (XRP:) can handle mass transactions. The network throughput increased from 1,500 TPS to 3,400 TPS in the last year. Moreover, that coincides with Hamilton’s second key defense of XRP’s superiority: transaction costs.

s urged policymakers to adopt sandbox-based frameworks to enhance regulatory clarity for DeFi innovations and address key risks.

This week, the World Economic Forum (WEF) backed a “sandbox-first approach” for DeFi adoption, urging regulators to use regulatory sandboxes to build innovation and manage risks in DeFi.

In other news, IDA Finance announced its integration with Chainlink’s blockchain services for its upcoming HKDA stablecoin, aiming to improve transparency and security in cross-chain operations.

WEF backs “Sandbox-first approach” for DeFi adoption
The World Economic Forum (WEF) has urged regulators and policymakers to conduct DeFi-related innovations and experiments with regulatory sandboxes.

The statement from the WEF aims to focus on risk mitigation and the assurance of transparency to create a tailored approach to DeFi’s regulation.

In its assessment of nine economies worldwide, the WEF identified this need for countries like the United States, the United Kingdom, Japan and the United Arab Emirates.

The WEF said that countries adopting “a nimble, sandbox approach” had shown signs of advancing DeFi innovation by addressing inherent risks in the DeFi ecosystem.

IDA integrates HKDA stablecoin with Chainlink for secure cross-chain use
On Oct. 9, IDA Finance, a Hong Kong-based issuer of digital assets, announced that it would be integrating Chainlink’s blockchain services into its forthcoming HKDA stablecoin.

The collaboration aims to improve transparency and security of cross-chain operations by integrating Chainlink’s oracle services into the Hong Kong dollar-backed stablecoin.

As part of the integration, implementing Chainlink’s Proof-of-Reserves (PoR) technology will enable onchain verification of assets backing IDA Finance’s HKDA stablecoin.

By establishing a medium for the monitoring of HKDA’s collateral, the PoR technology will help mitigate risks of insufficient reserves and function to provide credibility and security for holders.

@ Newshounds News™

Source:   CoinTelegraph  

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🌍NEW INDUSTRY BILLIONAIRES  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts    

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🌍 RIPPLE’S XRP INVOLVED IN ANOTHER LAWSUIT  |  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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More News, Rumors and Opinions Saturday PM 10-12-2024

KTFA:

Clare:  Minister of Industry launches 135 investment opportunities

10/12/2024  Baghdad - WAA - Hassan Al-Fawaz,

Minister of Industry and Minerals, Khaled Batal Al-Najm, announced today, Saturday, 135 partnership opportunities with the private sector.

Al-Najm said in a speech during the Baghdad International Forum for Industry and Mining, held by the Ministry of Industry and Minerals in its third session, attended by the correspondent of the Iraqi News Agency (INA): "Industry in Iraq is making confident strides to achieve the goals of the government program and implement the ministry's plan, one of the most important axes of which is achieving a real partnership between the public and private sectors and presenting various investment opportunities."

He pointed out that "the ministry held two previous investment conferences, which resulted in many partnership contracts," noting that "this forum, held under the patronage of Prime Minister Mohammed Shia al-Sudani, announces the launch of 135 partnership opportunities with the private sector."

He explained that "the ministry has begun taking tangible steps to conduct a geological survey of the country using the best technologies and by specialized international companies."   LINK

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Clare:  The problem of fluctuation in the US dollar exchange rate 

10/12/2024  Samir Al-Nusairi

Once again, the fluctuation in the US dollar exchange rate has returned to the forefront, and this time it is due to speculators and traders of crises and wars, exploiting the war currently being waged by the Zionist entity against our Arab people in Palestine and Lebanon and the confusing security situation resulting from that.

The current level is above 1,500 dinars on the black market, and the continuation of this problem from time to time can be attributed to several reasons, including before 2023 the lack of control over the organization of trade financing and the lack of a clear trade policy, the entanglement of policies and the lack of an annual import program for the private sector in terms of quantities and amounts, but imports are open and without controls on external transfers.

In addition to "the lack of control over illegal imports and unofficial border crossings, as well as the presence of about 1,200 exchange offices spread across all governorates that are not licensed by the Central Bank and deal in cash dollars and about 12,000 outlets for disbursing pensioners' salaries and social care that deal with its trading at the exchange rate on the black market."
 
 And that "most traders who obtain the US dollar at the official price from the Central Bank, but they sell their goods in the local market at the black market price, as well as the lack of global correspondent banks previously dealing with our banks and accounts were not opened for them in the currencies of countries with which we have extensive trade exchange such as China, India, Turkey and the Emirates."

Also, "the failure of traders and some Banks comply with international banking standards that guarantee that the dollar reaches the final beneficiary, so dollar transfers are manipulated and reach countries that are sanctioned by the US or are internationally besieged. Therefore, the efforts of the Central Bank and the government in 2023 focused on drawing up a strategy for financial and banking reform in order to control the stability of the exchange rate.

“Among these strategies are organizing foreign trade financing, building new international understandings with global banks, and opening accounts for our banks in correspondent banks, as more than 30 accounts have been opened with American, Chinese, Emirati, Turkish, and Indian banks. We expect that during the next two months the number of Iraqi banks that have accounts in correspondent banks will increase due to the efforts made by the Central Bank to provide aid and assistance to them and coordinate with the targeted correspondent banks.

“Opening dealings with local currencies such as the Chinese yuan, the European euro, the Emirati dirham, the Turkish lira, and the Indian rupee in foreign transfers with the aim of reducing the demand for the US dollar, in addition to taking measures in cooperation between the Central Bank and the government to expand the comprehensive digital transformation from the cash economy to the digital economy and stimulate the use of electronic payment tools.

This strategy aims to “put pressure on speculators dealing in cash dollars in the black market and limit their activities that harm the national economy, which was discussed in last week’s meeting of the Prime Minister in the presence of the Minister of Finance, the Governor of the Central Bank, advisors, and directors of government banks.”
 
It should be noted here that "the availability of foreign exchange reserves for the Central Bank exceeding 100 billion dollars and a gold reserve exceeding 143 tons confirms that the Iraqi dinar will recover and is strong, as the local currency in circulation is covered by the foreign exchange reserve, in addition to the other executive measures to support and stimulate the local product and control the monetary market and the commercial market, which will control the exchange rate, as I expect, in the near future   LINK

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

Frank26  Articles...makes it very clear what they're doing - adding value by lifting the 3 zeros.  It's right there.  It's from the Prime Minister.  It's from Alaq the governor of the CBI word for word.  Anybody that tell you it's a scam, educate them because this is not Bigfoot.  This is not a UFO.  This is not Lock Ness.  This is a reality...happening right before our eyes. 

Mnt Goat  Article:  “THE CENTRAL BANK CONTINUES THE ACTUAL IMPLEMENTATION OF BANKING REFORM PLANS”  ...the CBI has completed the first phase of the banking reform process... First of all, we can confirm by this article that there is a plan and they are working towards it, and that is their road map...

Russia Freezes Billions in EU Assets (Western assets in Russia)

Geo Flux:  10-12-2024

The ongoing economic conflict between Russia and the EU has led to significant asset freezes and restrictions on both sides.

While the EU has frozen around €260 billion of Russian Central Bank reserves, Russia has retaliated by imposing limitations on Western investors and businesses operating within its borders.

European banks still operating in Russia, including Raiffeisen and UniCredit, have seen substantial profits but face increasing pressure to exit. Some have encountered asset seizures and court orders against their Russian operations.

Meanwhile, other European businesses struggle with restrictions on capital repatriation and forced asset sales at discounted prices. Russia's countermeasures include potential nationalization of Western-owned properties and additional taxes on asset sales.

The EU has responded by banning certain services to Russia and restricting Russian nationals' involvement in EU crypto-asset services. This economic tug-of-war continues to evolve, impacting businesses and financial institutions on both sides.

https://www.youtube.com/watch?v=oGn5T_Al-Fw

Iraq Economic News and Points To Ponder Saturday AM 10-12-24

The Problem Of Fluctuation In The US Dollar Exchange Rate

Financial and Banking Advisor Samir Al-Nusairi  Samir Al-Nusairi   Once again, the fluctuation in the US dollar exchange rate has returned to the forefront, and this time it is due to speculators and traders of crises and wars, exploiting the war currently being waged by the Zionist entity against our Arab people in Palestine and Lebanon and the confusing security situation resulting from that.

The current level is above 1,500 dinars on the black market, and the continuation of this problem from time to time can be attributed to several reasons, including before 2023 the lack of control over the organization of trade financing and the lack of a clear trade policy, the entanglement of policies and the lack of an annual import program for the private sector in terms of quantities and amounts, but imports are open and without controls on external transfers.

In addition to "the lack of control over illegal imports and unofficial border crossings, as well as the presence of about 1,200 exchange offices spread across all governorates that are not licensed by the Central Bank and deal in cash dollars and about 12,000 outlets for disbursing pensioners' salaries and social care that deal with its trading at the exchange rate on the black market."

And that "most traders who obtain the US dollar at the official price from the Central Bank, but they sell their goods in the local market at the black market price, as well as the lack of global correspondent banks previously dealing with our banks and accounts were not opened for them in the currencies of countries with which we have extensive trade exchange such as China, India, Turkey and the Emirates." Also,

"the failure of traders and some Banks comply with international banking standards that guarantee that the dollar reaches the final beneficiary, so dollar transfers are manipulated and reach countries that are sanctioned by the US or are internationally besieged.

Therefore, the efforts of the Central Bank and the government in 2023 focused on drawing up a strategy for financial and banking reform in order to control the stability of the exchange rate.

“Among these strategies are organizing foreign trade financing, building new international understandings with global banks, and opening accounts for our banks in correspondent banks, as more than 30 accounts have been opened with American, Chinese, Emirati, Turkish, and Indian banks.

We expect that during the next two months the number of Iraqi banks that have accounts in correspondent banks will increase due to the efforts made by the Central Bank to provide aid and assistance to them and coordinate with the targeted correspondent banks.

“Opening dealings with local currencies such as the Chinese yuan, the European euro, the Emirati dirham, the Turkish lira, and the Indian rupee in foreign transfers with the aim of reducing the demand for the US dollar, in addition to taking measures in cooperation between the Central Bank and the government to expand the comprehensive digital transformation from the cash economy to the digital economy and stimulate the use of electronic payment tools.

 This strategy aims to “put pressure on speculators dealing in cash dollars in the black market and limit their activities that harm the national economy, which was discussed in last week’s meeting of the Prime Minister in the presence of the Minister of Finance, the Governor of the Central Bank, advisors, and directors of government banks.”

It should be noted here that "the availability of foreign exchange reserves for the Central Bank exceeding 100 billion dollars and a gold reserve exceeding 143 tons confirms that the Iraqi dinar will recover and is strong, as the local currency in circulation is covered by the foreign exchange reserve, in addition to the other executive measures to support and stimulate the local product and control the monetary market and the commercial market, which will control the exchange rate, as I expect, in the near future."   127 views 10/12/2024 - https://economy-news.net/content.php?id=48611

More than a billion dollars in sales from the Central Bank of Iraq during the week

Economy  | 12/10/2024  Mawazine News – The total sales of the Central Bank of Iraq of hard currency for the US dollar during the days in which the auction was opened last week exceeded one billion dollars.

The sources reported that the Central Bank sold during the past week and for the 5 days in which the auction was opened one billion, 309 million, 74 thousand, and 838 dollars, at a daily average of 261 million, 814 thousand, and 876 dollars, higher than the previous week, which amounted to one billion, 36 million, 172 thousand, and 839 dollars.

The highest sales of the dollar were on Tuesday, when sales amounted to 265 million, 549 thousand, and 741 dollars, while the lowest sales were on Sunday, when sales amounted to 257 million, 883 thousand, and 86 dollars.

Our correspondent indicated that foreign remittance sales during the past week amounted to 1 billion, 254 million, 458 thousand, and 363 dollars, an increase of 96% compared to cash sales, which amounted to 54 million, 616 thousand, and 20 dollars.  https://www.mawazin.net/Details.aspx?jimare=255894

Oil Posts Second Straight Weekly Gain Amid Supply Disruption Fears

Saturday 12 October 2024 10:42 | Economic number Of Readings: 214  Baghdad / NINA / Oil prices fell at the settlement at the end of Friday's sessions, but achieved weekly gains for the second consecutive time amid the contrast between the impact of Hurricane Milton on fuel demand in the US state of Florida and fears of a possible supply disruption in the Middle East.

Brent crude futures fell 36 cents, or 0.45%, to $79.04 a barrel at settlement, and US West Texas Intermediate crude futures lost 29 cents, or 0.38%, to $75.56 a barrel. Both benchmarks rose more than 1% during the week.

Crude oil prices rose this month after Iran fired more than 180 rockets at Israel on October 1, raising the possibility of Israel responding by striking Iranian oil facilities. Israel has not yet responded to the attack.

Israeli Defense Minister Yoav Galant said that any strike against Iran would be "deadly, targeted and surprising."

In the United States, Hurricane Milton barreled into the Atlantic Ocean on Thursday after making its way through Florida, killing at least 10 people and knocking out power to millions.

The state suffered from gasoline shortages earlier in the week as drivers stocked up ahead of the hurricane, with nearly a quarter of Florida’s gas stations running out of fuel by Wednesday morning.

Florida is the third-largest consumer of gasoline in the United States, but there are no refineries in the state, leaving it reliant on seaborne imports.

On the supply side, Libya’s National Oil Corporation said it had restored crude production to pre-central bank crisis levels of 1.25 million barrels on Friday. /End9 https://ninanews.com/Website/News/Details?key=1161486

Water Resources Begins Developing A Comprehensive Plan To Manage And Sustain Ecotourism In Basra Marshes

The marshes  Construction and reconstruction   Economy News – Baghdad  The Ministry of Water Resources announced, on Saturday, the start of developing a comprehensive plan to manage and sustain ecotourism in the Basra marshes, and stressed the need to ensure that tourism is practiced in a sustainable manner.

The Assistant Director of the Center for the Revitalization of Iraqi Marshes and Wetlands in Basra Governorate, Nazim Abdul Imam Fayez, said in a statement, which was reviewed by "Al-Eqtisad News", that "based on the recommendations of the World Heritage Committee in paragraph (11) in session (46) regarding the property of the marshes of southern Iraq, work has begun on developing a program and implementing a comprehensive plan for managing ecotourism in the marshlands areas.

" Fayez added that "the committee stressed ensuring the practice of tourism in a sustainable manner, and identifying environmental paths within the marshes," noting "the importance of tourism and its organization and the necessity of updating this study to improve the environment in the southern marshes."

He  explained that "river field trips were conducted within the marshes of Al-Mashab and Al-Sallal, which are considered part of the eastern Hammar Marsh and within which the World Heritage Reserve is located, with an area of ​​​​(200) km2, starting from the boat dock in Al-Manzouri in the governorate; in order to identify environmental and river paths, accompanied by a joint committee from the Arab Regional Center for World Heritage, Basra Governorate and representatives of the relevant ministries and bodies."

He added, "The ministry has paid attention to the marshlands by developing an annual plan to purify the main and secondary nutrients and support and strengthen the payment to preserve the biodiversity, plant and water storage and improve its quality,

in addition to installing monitoring stations to identify the quality of water and discharges coming into the marshes on a daily basis in cooperation with the National Center for Water Resources Management in Basra Governorate." 65 views   10/12/2024 - https://economy-news.net/content.php?id=48613

Dollar Exchange Rate Drops In Baghdad

economy | 03:27 - 12/10/2024  Mawazine News - The US dollar exchange rate fell in Baghdad markets on Saturday morning.

The dollar exchange rate stabilized at the opening of the Al-Kifah and Al-Harithiya stock exchanges, recording 153,800 dinars per 100 dollars, the same prices recorded last Thursday.

The selling prices stabilized in exchange shops in local markets in Baghdad, where the selling price reached 154,750 dinars, while the purchase price reached 152,750 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=255899

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

How to Buy Gold for $900 per Ounce

How to Buy Gold for $900 per Ounce

Notes From the Field By James Hickman / Simon Black  October 11, 2024

Today’s letter is about how to go back in time.

A lot of us remember 2009 as a pretty tough economy. The whole world was in bad shape. Major banks had failed, panic had set in, governments were spending money hand over fist, and debts were rising fast. It was pretty brutal.

But if there’s anything nostalgic about 2009, it would be that, almost exactly 15 years ago, gold traded below $1,000 an ounce for the last time.  Today, the price of gold is hovering at its all-time high, more than $2,600 per ounce.

We’ve talked a lot about why that is. Central banks have been buying up physical gold, literally by the metric ton, primarily because they are looking to diversify a portion of their reserves outside of the US dollar.

And central banks are sitting on a LOT of US dollar reserves— more than $8 trillion.

It makes sense that they want to diversify. There’s so much more conflict in the world, and US global dominance is waning.

Iran is now flat-out threatening the US government and promising to retaliate if America provides military support to Israel. This would have been unthinkable even five years ago.

But today, adversary nations have seized on the US government’s weakness. And foreign central banks— which, again, hold trillions of US dollar reserves— have noticed.

They’ve also noticed America’s outrageous national debt, and its annual budget deficits; in fact the most recent estimate by the Congressional Budget Office of the Fiscal Year 2024 is an incredible $1.8 trillion.

So obviously these central banks see a clear need to diversify. And gold is one of the best and easiest ways for them to do that.

The gold market is big. It can handle tens of billions of dollars of inflows at a time. Plus gold is universally valued around the world with a 5,000 year history of maintaining its value. No central banker is worried about whether or not they’ll be able to liquidate their gold holdings in the future.

But central banks only buy physical gold, i.e. piles and piles of physical gold bars. They do not buy gold mines... or gold miners.

This is why there is a historic anomaly in front of us: the price of gold has soared to an all-time high. But many gold companies are laughably cheap.

This is pretty strange when you think about it; a gold miner’s revenue is denominated in... gold! And many of these companies are starting to see soaring revenues and record profits. Yet their stock prices are still languishing.

For example, one gold producer we profiled in our premium research is trading at a Price to Earnings (P/E) of just 4x. It has almost no debt. And it produces a ton of Free Cash Flow.

The company has even blown away expectations and managed to produce 100,000 ounces of gold. Yet the stock price has barely budged.

What’s amazing is that the entire company is currently valued at less than the market price of that one year's worth of gold that it mined.

But the kicker is how little it cost this company to produce that gold.

Their “All In Sustaining Cost” (AISC)— everything spent to pull that gold out of the ground, from mining to processing— was less than $1,000 per ounce.

And in our view, buying shares in an efficient, profitable, deeply undervalued mining company with such a low cost structure is almost like going back in time to 2009 and buying up gold at less than $1,000 per ounce... especially given that the company still has millions of ounces of proven gold reserves in the ground which it has yet to extract.

I’ve written many times before— we still see significant upside for gold. Especially if Kamala is elected.

Based on the type of spending she envisions, plus her weak “vibes” and “joy” leadership, I don’t expect the dollar to last as the global reserve currency beyond her first term.

Instead, central banks will continue to turn to gold. And when central banks converted just $80 billion— about 1%— of their US reserves into gold, the price increased to over $2,600 an ounce.

What would happen to the gold price if they converted 5%... or 20% of their US dollar reserves into gold?

Even buying physical gold, right now, at all time highs, would probably work out really well.

But buying a company whose revenue is gold, yet costs a fraction of that price, could work out even better.

Gold is just one of the real assets we talk about in Schiff Sovereign Premium.

We’ve been clear that America’s debt problems can only be solved by lower interest rates and more money printing from the Federal Reserve.

That’s why we don’t believe inflation is behind us, and why we believe so whole-heartedly in the value of real assets— critical resources that cannot be conjured out of thin air by governments and central banks.

This gold producer is just one example of these massively undervalued real asset companies we’ve named in Schiff Sovereign Premium— a highly educational, month-by-month guide that is designed to help you navigate the world from a position of strength, both personally and financially.

You can click here if you want to learn more about both the Plan B strategies and compelling investment research we present.

To your freedom,  James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/how-to-buy-gold-for-900-per-ounce-151648/

Will BRICS Ditch the Dollar for Gold?

Will BRICS Ditch the Dollar for Gold?

Liberty and Finance: 10-11-2024

In a recent episode of Liberty and Finance, Doomberg offered insightful commentary on the upcoming BRICS meeting and the implications of a potential gold-backed currency. The conversation not only examined the shift in global financial dynamics and diminishing reliance on the US dollar, but also grappling with the broader economic landscape shaped by strong data and shifting fiscal policies.

As the BRICS nations — Brazil, Russia, India, China, and South Africa — prepare for their forthcoming summit, discussions surrounding the potential launch of a gold-backed currency unit have taken center stage.

This proposal presents an intriguing vision: a monetary system where the value of currency is tied to a tangible asset, in this case, gold. Such a move could signify a monumental shift in the global financial order, challenging the longstanding dominance of the US dollar as the world’s reserve currency.

Doomberg astutely highlights the gravity of this potential development. The launch of a gold-backed currency by BRICS could reconfigure global trade dynamics, prompt a re-evaluation of currency values, and ultimately influence the pricing of gold itself.

 As countries begin to pivot away from the US dollar, the investment landscape may experience unprecedented volatility, prompting gold prices to rise as nations reconstitute their reserves.

Despite the prevailing narrative of economic decline, Doomberg remains skeptical about an imminent recession. Citing robust economic indicators and significant fiscal spending, they argue that the current economic environment does not align with the typical precursors of recession.

 This stance offers a refreshing perspective amidst the often alarmist financial commentary dominating headlines. The lack of recessionary signals may embolden nations to engage in ambitious projects—such as the gold-backed currency initiative—without the fear of impending economic downturns.

The discussion takes an intriguing turn as it broaches the topic of the Power of Siberia 2 pipeline, a critical infrastructure project that promises to reshape global energy distribution. By providing a direct route for natural gas from Russia to China, the pipeline establishes a formidable link between two of the world’s largest economies.

Doomberg emphasizes the strategic importance of this pipeline in the context of global energy realignment, particularly as Europe continues to seek alternatives to Russian gas.

Furthermore, as natural gas is increasingly seen as a bridging fuel in the transition to greener energy sources, its strategic significance cannot be understated. The availability and distribution of natural gas will play a pivotal role in global energy stability, further influencing economic dynamics and national policies.

Perhaps one of the most provocative elements of their conversation is the potential for a gold-backed currency from BRICS to elicit strategic responses from Western economies, particularly the G7. The launch of a BRICS currency could ignite a currency war, prompting the G7 nations to reassess their monetary policies, potentially leading to an accelerated shift toward more protective economic strategies. The implications could be far-reaching, resulting in tighter monetary controls, increased investment into gold reserves, and possibly the reinstatement of discussions around a gold standard.

Doomberg posits that the responses from G7 economies will be crucial in framing the narrative around the economic order and might trigger a realignment that hasn’t been seen for decades.

The discussions presented by Doomberg on Liberty and Finance encapsulate the multifaceted nature of today’s global economy. As the BRICS nations prepare for their meeting, the potential rollout of a gold-backed currency comes with both opportunities and challenges.

The shifting dynamics—whether through the lens of gold prices, energy distribution via pipelines, or the reactions from Western economies—could redefine economic relations as we know them.

https://youtu.be/tSOjAH177Ag

https://dinarchronicles.com/2024/10/11/liberty-and-finance-will-brics-ditch-the-dollar-for-gold/

“Tidbits From TNT” Saturday 10-12-2024

TNT:

Tishwash:  Economist: 2025 budget amendments pending, approval date before end of year

Former Director of the Financial Supervision Bureau, Salah Nouri, confirmed today, Saturday, that developments in the global economic situation and military operations will greatly affect the Ministry of Finance’s re-adjustment of the 2025 budget schedules.

 He added in his statement to {Al Furat News} that "the budget schedules are still with the executive authority (the government), and it is expected to be sent to the House of Representatives during the remainder of this October."

Nouri explained that "the House of Representatives must approve the budget before the end of December 2024, in accordance with Financial Management Law No. (6) of 2019."  link

Tishwash:  Iranian Foreign Minister to visit Baghdad tomorrow, Sunday

Iranian Foreign Minister Abbas Araghchi is scheduled to visit the Iraqi capital, Baghdad, tomorrow, Sunday.

Iranian diplomatic sources told Shafaq News Agency that Araghchi will head to Iraq tomorrow in continuation of his regional consultations.

According to the sources, the Iranian Foreign Minister will arrive in Baghdad tomorrow afternoon and during his visit, which will last a few hours, he will meet with: his Iraqi counterpart Fuad Hussein, President Abdul Latif Jamal Rashid, and Prime Minister Mohammed Shia al-Sudani.

Meanwhile, an Iraqi source told Shafaq News Agency that Araghchi's visit to Baghdad comes to discuss developments in the security situation in the region and to emphasize not expanding the circle of war.link

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Tishwash:  Iraq and the region's oil exports on the table of Masrour Barzani and an American delegation

On Friday, Masrour Barzani, Prime Minister of the Kurdistan Regional Government, discussed with an American delegation headed by Congressman Seth Moulton the developments in Iraq and the Middle East.

A statement received by Shafaq News Agency stated that, "During the meeting, which was attended by the US Consul General to the Kurdistan Region, Tiff Bittner, we exchanged views on the latest developments in Iraq and the region, and discussed ways to strengthen relations between the Kurdistan Region and the United States."

Congressman Moulton pointed out that the Kurdistan Region is a reliable friend and ally of the United States in the region, and stressed the importance of supporting the Peshmerga and protecting the security of the Kurdistan Region.

Barzani expressed the regional government's gratitude to America for its support and assistance to the region, and stressed his keenness to strengthen the prospects of cooperation between the two sides in various fields.

He pointed out that the meeting focused on the progress made in the field of reforms related to the joints of the Ministry of Peshmerga, as we agreed on the importance of supporting, strengthening and accelerating the reform process in the ministry, in a way that ensures the unification of its forces.

The two sides discussed the necessity of exporting the Kurdistan Region's oil, and we discussed preparations for holding legislative elections in the region, as well as the US presidential elections, the tense situation, wars and escalation in the Middle East, and the efforts made to achieve security and stability in the region in general.  link

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Tishwash:  Reasons for the rise in the dollar price in parallel markets.. a reaction extending for 30 years

Diyala Chamber of Commerce identified, today, Friday (October 11, 2024), the reasons for the rise of the dollar in the parallel market in the past days.

The head of the Diyala Chamber of Commerce, Mohammed Al-Tamimi, said in an interview with Baghdad Today, "There is no disagreement that the region is going through a very difficult and sensitive turning point with the drums of a comprehensive war beating that could happen at any moment in light of the escalation of statements between the various parties without any glimmer of hope on the horizon that things will move towards calm and fair containment at least."

He added, "Iraq is part of the Middle East region and the current tensions are directly putting pressure on the parallel market and leading to an increase in its prices compared to the dinar, especially with the existence of speculation and fear that has prompted many to be cautious in converting their dollars into Iraqi dinars in anticipation of any exceptional circumstances."

Al-Tamimi pointed out that "any future strike will inevitably raise the parallel market, but in return there are measures by the Central Bank to control the situation," stressing that "the situation is likely to undergo many developments, especially since the damage to the Iraqi markets is real."

He explained that "the rise in the prices of basic materials, even by small percentages, does not reflect the direct impact of the rise in the dollar, but rather the growing purchasing power of broad segments that have an accumulated reaction and fear of wars extending to 30 years, which pushes them to store some materials in anticipation of any emergency."

The exchange rate of the dollar against the Iraqi dinar witnessed a noticeable increase during the past few days, as the selling price exceeded 153 thousand for every 100 dollars.  link

Mot: should I throw it away 

Mot:  ... siigggghhhhhh !!!!! 

Weekend News With MarkZ 10/12/2024

Weekend News With MarkZ   10/12/2024

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

CBD Gurus during the first 45 minutes….then Mark with the news

Member:  Addressed To The White Hats That May Be On This Channel: The Remaining Sleepers May Never, Repeat Never, Wake Up…….On With The Show !!!

Member: You're absolutely right my friend. It's time to get this show on the road.

Member: End this nightmare movie and Let the chips fall where they may Enough is Enough

Member: Gooood morning Mark, CBD Gurus, mods and fellow Patriots!

MZ: I do know of a couple redemption center folks/wealth management contacts who are working this weekend. They don’t know if its this week or next week but very much expect it to happen in the month of October. So they are putting in extra hours to be prepared. They are putting in extra hours to be ahead…taking care of existing customers so that they have no diversions when they expect us.

MZ: I think it’s very encouraging that they are so convinced they will see us in the next couple of weeks that they are putting in extra hours so when it goes …they can focus on all of us “new” customers.

MZ: I was really surprised , but long ago I talked to one who has been in this since the beginning…..at first he thought I was coo-coo….but then he called and said “you are not going to believe this –we are going to handle foreign currency…..can you bring yours in so we can practice exchanging and train them?”  He has kept up with this and now has currency himself. He loves his job and will keep working but says it will be different now because he won’t need the money.  

MZ: I have not heard anything new on Prosperity packages or individual currencies. I was hoping to hear something about CMKX …because I have some shares and really want it to go…..

MZ: Bond contacts are awfully quiet…..They are waiting for permission to go.

MZ: In Iraq: “Economist: 2025 budget amendments are pending and the date of approval before the end of the year.” Why is this important. We are looking at WTO with all files done and paperwork finished….and we are waiting on the official announcement that Iraq has ascended …Then the budget tables are to be done by the end of the year…..and auctions will be ending by the end of the year.

MZ: We were told many years ago that at the time they ended the currency auctions…there would be a rise in value of the Iraqi dinar. Now they are ending them before the end of the year…..thats not far off. We are in the window.

MZ: We are watching key things like HCL, WTO, Auctions ending and final budget tables….All of this needs a new rate. We are in the fun part. They need to let her rip by the end of they year….but believe we are much closer than that. I am staying warm and fuzzy.

MZ: “IMF cuts borrowing costs for members by 36%”  they are lowering the fees on countries that have borrowed a lot like Argentina , Equador ect…..the countries that really need it. They had been playing “Pawn broker and loan shark” with these countries.

MZ: “Exchange rates of the dollar against the dinar in Iraq today”  We are hearing they are international now….but there will not be much stability in the rate until they raise the value. The rate needs to be international with more purchasing power.

MZ: I thought this one was great but I don’t know this person. “RV UPDATE BY JEFF 11 OCT” He says the auctions will be abandoned in Iraq the day the rate changes. The rate will most likely change on a Sunday morning. His thinking is highly accurate and what I was told to expect. https://dinarevaluation.blogspot.com/2024/10/rv-update-by-jeff-11-oct.html

MZ: Actually I heard Saturday night/Sunday morning- and the most likely time would be  between 11PM to 2 AM .This is the easiest time by far to change rates.  

Member: Maybe tonight is that “Saturday Night?”

Member: 3-day weekend, Columbus Day

Member: Enjoy your 3 day weekend……May all your dreams come true NOW

Member: I think Monday will be a measurable milestone. Maybe no notifications but days away from that!

Member: Hug a Tree this weekend Dear Friends. Breathe and Give Thanks

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

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

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

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

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

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

Youtube:   https://www.youtube.com/watch?v=TjGt5eMK8xU

News, Rumors and Opinions Saturday AM 10-12-2024

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 fro the Restored Republic via a GCR: Update as of Sat. 12 Oct. 2024

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

Global Currency Reset:  (Opinions/Rumors)

Judy Note: Redemption Centers will (allegedly) give you a higher exchange rate than at a bank. You make your appointment according to instructions sent by email from Wells Fargo. Such instructions will be published on various Dinar websites and on this Update.

On Wed. 9 Oct. 2024 BRICS 12 Countries Ditched US Dollar and will now pay trade in local currencies: https://watcher.guru/news/brics-12-countries-ditch-us-dollar-pay-85-trade-in-local-currencies

Wed. 9 Oct. 2024 TNT: “The Dinar International Rate on bank screens is $3.91. It won’t drop below $3.57. The banks have a hold on it. They have designated a time for it to happen.”

Thurs. 10 Oct. 2024 Wolverine: “The process has defiantly started. There are around 40 million emails that will be sent out by Wells Fargo so you can set your appointments. It is expected to happen within the next few days and defiantly within this month.”

Thurs. 10 Oct. 2024 Banker: “Several Sources are indicating this is our month, some even indicating a specific date but asking that I not reveal but I can assure the date ends in y God Bless.”

Bruce: On Fri. 11 Oct. 2024: Bond Holders are to be notified through email from Wells Fargo as to when they can gain access to their accounts – which will likely be on Tues. 15 Oct.

Fri. 11 Oct. 2024 Walkingstick: An Iraqi bank manager: “I have just been given my latest orders. I am being told to stay close to home. I will not be able to go to Thanksgiving or Christmas with my friends. My orders tell me that I am to stay here in Dearborn. The CBI bank is going to make us very busy during these holidays. We are having a lot of Iraqi citizens coming into our banks here. They are talking to us about the same thing you are asking us.” https://dinarevaluation.blogspot.com/2024/10/rv-update-by-walkingstick-11-oct.html

On Mon. 14 Oct. 2024 at the BRICS Summit they are going to announce the Seven Kingdoms, along with the Global Currency Reset.

Mon. 14 Oct. 2024 the old banking system—Bank of America, Deutsche Bank and JP Morgan— was expected to collapse, with the QFS taking over as stock markets crash.

Bruce: On Tues. 15 Oct. Tier 4b (us, the Internet Group) will receive emails from Wells Fargo telling us how to make redemption appointments, which we should be able to begin on Wed. 16 Oct. Exchange appointments will be held for 40 to 50 days, going well beyond the end of October.

Wed. 16 Oct. is a designated celebration day for Iraq and the day they will (allegedly) pay their contractors in the new Dinar Rate.

~~~~~~~~~~

Global Financial Crisis:

Fri. 11 Oct. 2024: Russian Finance Minister Anton Siluanov will present the results of the Russia’s BRICS Chairmanship on the financial track at the final Meeting of BRICS Ministers of Finance and Central Bank Governors. He will also report on improving the international monetary and financial system. www.eladelantado.com/us/goodbye-credit-cards/#google_vignette  www.msn.com/en-ca/money/markets/brics-is-considering-a-new-currency-here-s-what-you-need-to-know/ar-AA1rMrp9

Fri. 11 Oct. 2024: TD Bank pleads guilty to money laundering. TD Bank will pay $3 billion to settle charges that it failed to properly monitor money laundering by d**g cartels. https://twitter.com/Maerox/status/1844456941785055617

Fri. 11 Oct. 2024: With the recent collapse of 15 banks in just three years, concerns about the stability of the US banking system are becoming increasingly pronounced. The data coming to light is alarming. In a recent report, finance expert Dr. Rebel Cole from Florida Atlantic University unveiled that US banks are currently grappling with over $500 billion in unrealized losses on investment securities as of the end of Q2 2024. While there was a slight decrease from $516 billion in Q1 to $513 billion in Q2, the overall picture is still concerning for an economy that has long prided itself on resilience and stability. https://dinarrecaps.com/our-blog/t3r0puoups56dvh4hcydhlzf9jzxox

Fri. 11 Oct. 2024: JPMorgan is expected to reveal a nearly 8% drop in earnings per share while Wells Fargo will likely report a nearly 14% drop in earnings per share, reports Reuters, citing data compiled by the London Stock Exchange Group (LSEG).                                                                                                                                          https://dailyhodl.com/2024/10/09/us-banks-under-pressure-as-jpmorgan-chase-bank-of-america-wells-fargo-goldman-sachs-and-citi-battle-shrinking-margins-report/

Fri. 11 Oct. 2024: Boeing says it’s cutting more than 17,000 jobs, or 10% of its workforce

Read full post here:  https://dinarchronicles.com/2024/10/12/restored-republic-via-a-gcr-update-as-of-october-12-2024/

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

Militia Man  We had numerous articles about the WTO.  We already knew they had completed their requirements.  Now they're hammering it home again they're gearing to go international.  What are we waiting for?  I think what we're waiting for is the exposure of the 2024 tripartite budget.  Why?  Because it's go components in it for...investment to pay for the development projects.

Frank26   Community comment:   "I believe it will RV before the time they gave."  The revaluation actually started  in 2012... Revaluation is to revalue the currency...This is not to revalue the currency, they're going to reinstate it.  It was $3.22 when it was brought down... Because of inflation do you think $3.22 would be fair over 20 years later?  No I don't think so.  Therefore the exchange rate is not going to 1000 is it?  It's saying at 1320/1310.  When they lift the three zeros that's be a little over a dollar for the citizens.  Now that's fair.

The Dollar is on its Last Legs

VRIC Media:  10-11-2024

Today, we delve into a topic that resonates with many in our uncertain financial landscape—the impending collapse of the U.S. dollar. Ted is joined by economist and author, Shanmuganathan Nagasundaram, as they unpack the mechanisms driving this potential crisis and explore what it means for our economy and investments.

In the latest discussion, Shan provides an alarming insight into the state of the U.S. economy, urging listeners to consider the stark realities of hyperinflation and the unsustainable nature of current asset bubbles in stocks, bonds, and housing. With inflation rates creeping upwards and the cost of living soaring, many Americans are feeling the pinch—but the situation could soon worsen.

Shan draws parallels between the current economic climate and historical crises, such as the 2008 financial meltdown and Weimar Germany’s hyperinflation, illustrating how unchecked monetary policies and excessive government spending could lead the U.S. down a similar path. The economist predicts that we may soon see double-digit inflation, which would further erode purchasing power and create significant challenges for investors and consumers alike.

One of the key points raised in the discussion is the idea that if the U.S. dollar collapses, the repercussions will be felt globally. Countries that rely heavily on the dollar in trade and finance could face severe economic disruptions, leading to a domino effect that could plunge economies into chaos. This potential crisis poses significant risks to not only individual investors but also to entire nations.

https://youtu.be/vzPQqAVqCcs