FRANK26….10-14-24….AKI REPORT

KTFA

Monday Night Conference Call

FRANK26….10-14-24….AKI REPORT

This video is in Frank’s and his team’s opinion only

Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.  

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

https://www.youtube.com/watch?v=5ewjcVYcQBM

Beyond the Illusion - Exposing the Lies Created by the Financial System

Feargus O'Conner Greenwood: Beyond the Illusion - Exposing the Lies Created by the Financial System

Palisades gold Radio:  10-14-2024

Tom Bodrovics welcomes Feargus O'Connor Greenwood, author of "180 Degrees: Unlearn the Lies That You've Been Taught to Believe." This conversation centers around understanding the financial system and changing perspectives.

Feargus wrote his book due to widespread deception and manipulation in society, aiming to expose deceit, break the hold of authority, and equip readers with effective communication tools. He believes that the financial system exists not for individual prosperity but as a tool to create money from nothing and exert control.

Money has functions and attributes, and Feargus stresses the importance of understanding its origins and creation.

Feargus discusses the historical manipulation of currencies by entities like the Bank of England and the Federal Reserve, arguing these institutions have caused economic depressions and perpetuated corruption.

He believes fixing the monetary system is essential for solving global issues and restoring free market incentives.

 He sees gold, silver, and crypto as safe havens against potential hyperinflation and anticipates a significant price move in silver due to increasing demand. Feargus discusses the potential for physical demand of metals to potentially break markets.

Technological advancements are also discussed as having potential impacts on the markets. Feargus believes Bitcoin will have a role as both a decentralized currency bringing freedom and like any tool has potential for tyrannical applications.

 The importance of truth, and understanding situations through a lens of proving what didn't happen rather than what did is explored. Feargus also discusses the concept of empire collapse and symptoms of decay.

False flags are defined as covert operations designed to deceive and identified by broken emergency protocols, hidden evidence, and perpetrators linked with intelligence services.

 Feargus discusses effective communication strategies to deploy when explaining non-mainstream topics. These include starting small, avoiding arguments, using analogies, and practicing active listening.

Feargus' book provides further insights into these strategies. The conversation concludes by discussing the importance of morality and ethics as essential elements for the survival of any society.

Time Stamp References:

 0:00 - Introduction

0:56 - Systemic Lies & His Book

4:03 - Financial System

ney Supply Booms/Busts

19:04 - Central Bank Origins

22:30 - Savings Vs. Inflation

25:15 - Silver & Manipulation

29:29 - Purpose of the B.I.S.

32:25 - Possible Solutions

 38:24 - Origin of Bitcoin?

40:48 - Describing Reality

45:47 - Empire Collapse Cycles

48:37 - Broken Protocols

54:17 - Facing Truth & Reality

 57:43 - Elections & Fraud

1:01:08 - Ten Solutions

 1:20:00 - Wrap Up

Talking Points From This Episode

Feargus Greenwood exposes financial system manipulation by entities like the Bank of England and Federal Reserve, advocating for understanding money's functions and considering gold, silver, or crypto as safe havens against potential inflation.

Historical currency manipulations by institutions have led to economic instability; fixing the monetary system is crucial for global issues with Feargus predicting a significant price move in silver.

Effective communication strategies including starting small, avoiding arguments, using analogies, and active listening.

https://www.youtube.com/watch?v=ECV5pQPi6Ss

Monday Evening Chat With MarkZ 10-14-2024

Monday 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 mark, mods and members

Member: Are you surprised Mark that it hasn’t gone? Seems odd.

Member: I really thought we would’ve seen it by now

MZ: Let’s start with this one from the WTO: “Congratulations to 23 participants (Iraq being one of those) for completing WTO ascension training and market access negotiations on goods”  This tells us Iraq is reparing for that ascension.

MZ: I continue to hear out of Iraq that they hope for that announcement this week.    

MZ: “Government advisor: “The financial life of this country in 2024 is going smoothly” Things are going well

MZ: “Parliamentary finance: 2025 budget tables must be realistic”  They are reining in excess spending and bringing in more revenues.

MZ: Still waiting for a response on Bonds. Bond folks were supposed to be getting a solid update today on if they are getting paid this week or not. I will let you know when I get that answer.

Member: German Bonds?

Member: All the news I am waiting for right now are on the German bonds. Things are very quiet on Chinese bonds.

MZ:  I do know of a group trying to get boxes of Zim notes processed. These are like ours but boxed in sequential order. They want to get them processed before next week because they expect those to go within a week after the German bonds. I think there are 1,000 100T notes per box.

Mark…is the skyrocketing of the market a sign of it crashing soon??

​​Member: My local Wells Fargo said they have tried to find out if they were a RC (Redemption Center) since they’ve been asked a lot lately. “Its like they don’t want us to know” they said they got no answer

Member: We got some good BRICS news coming out today of local currencies and them coming to a solid agreement...

Member: Read an article that said Cuba applied to join BRICS

Member: Also Austria applied…..wish we could join

Member: What is a shot gun start? I thought it was Bond holders, 4a and 4b goes at once

Member: Shotgun start is they all go when we get notifications to make our appointments ……our exchange will be close behind

Member: Thank you, Mark! Thank you, Mods! Have a great evening, Patriots!

Member: Be blessed

​​INTEL INFO ROOM: Link: https://t.me/+K_GNVfTI0gFkZWYxDESCRIP... A room for newcomers to find information and answer your questions regarding the RV process.

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=DFsisXR6jDI

Iraq Economic News and Points To Ponder Monday Afternoon 10-14-24

Government Advisor: Tensions And War In The Region May Lead To A Jump In Oil Prices

Energy  Economy News – Baghdad   The financial advisor to the Prime Minister, Mazhar Mohammed Saleh, identified on Monday the indicators of the rise in oil prices in global markets, and while he attributed them to two basic variables, he indicated that if tensions and war continue in the region, a jump in prices is expected.

Saleh said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the oil asset cycle is subject to accelerated upward volatility through current energy market indicators and two basic variables that affect oil supply and demand in the world: the first is OPEC+ decisions to reduce oil production on the production of OPEC countries themselves and their allies, as OPEC+ has currently implemented significant oil production cuts amounting to 5.86 million barrels per day."

He added, "These cuts consist of two parts: the first is a reduction of 3.66 million barrels per day extended until the end of 2025, and the other is an additional voluntary reduction of 2.2 million barrels per day that remains in effect until September 2024."

He pointed out that "the cuts come to remove the current oil glut, which is affected by the decline in growth in the world's most important energy-consuming economies, China," noting that "the second variable is the geopolitical situation and the war taking place in the two energy basin regions of the world, namely the Russian-Ukrainian war and the other is the ongoing war in the Middle East, especially the Gaza and Lebanon war with the Zionist entity and its effects on the oil-producing Gulf region, which dominates more than 50% of global oil exports."

He continued, "If military operations or geopolitical tensions continue in the two regions, oil prices are expected to jump."  128 views  Added 10/14/2024 - https://economy-news.net/content.php?id=48705

About 250 thousand barrels per day.. Iraq's oil exports to America increase within a week

2024/10/13 Reading: 897 times  {Economic: Al Furat News} The US Energy Information Administration announced today, Sunday, that Iraq's oil exports to America increased during the past week.

The administration said in a table that "the average US imports of crude oil during the past week from 10 major countries amounted to 5.305 million barrels per day, down by 439 thousand barrels per day from the previous week, which amounted to 5.744 million barrels per day."

She added that "Iraq's oil exports to America amounted to 241 thousand barrels per day last week, an increase of 89 thousand barrels per day from the previous week, which amounted to 152 thousand barrels per day."

The administration also indicated that "the largest oil revenues for America during the past week came from Canada at a rate of 3.499 million barrels per day, followed by Mexico at an average of 382 thousand barrels per day, followed by Venezuela at an average of 315 thousand barrels per day, and from Saudi Arabia at an average of 285 thousand barrels per day."

According to the table, "the amount of US imports of crude oil from Ecuador was 228 thousand barrels per day, from Colombia it was 149 thousand barrels per day, from Brazil it was 134 thousand barrels per day, from Nigeria it was 44 thousand barrels per day, and from Libya it was 28 thousand barrels per day."  LINK

 More Than $257 Million.. Central Bank Sales Through The Electronic Window

Monday 14 October 2024 13:00 | Economic Number of readings: 127  Baghdad / NINA / The Central Bank of Iraq announced, on Monday, its total sales of foreign currency through the electronic window.

The window recorded $ 257,464,050, the total amounts of transfers abroad (remittances, credits), while the total cash sales amounted to $ 8,500,000, and the total sales amounted to $ 265,964,050.

The selling price for transfers and cash was assigned at 1310 dinars per dollar, while the bond credits and international settlements for the electronic card were at 1305 dinars. https://ninanews.com/Website/News/Details?key=1161990

Minister Of Interior Calculates The Amount Of Revenues During The Year 2023

Minister of Interior Abdul Amir Al-Shammari  Money and business  Economy News - Baghdad

The Parliamentary Finance Committee stressed, on Monday, the importance of forming a committee to study non-oil revenues and monitor their distribution, while Interior Minister Abdul Amir Al-Shammari indicated that the total revenues for 2023 amounted to 757 billion dinars, which were returned to the state treasury.

The committee said in a statement, seen by "Al-Eqtisad News", that it "hosted, headed by Atwan Al-Atwani, and in the presence of its members and a number of members of other parliamentary committees, the Minister of Interior, Abdul Amir Al-Shammari, and his accompanying delegation, at the committee's headquarters to discuss issues related to maximizing revenues and mechanisms for improving the provision of services to citizens."

Al-Atwani welcomed the Minister of Interior, noting that "the Finance Committee works according to the principle of joint integration to support the government."

He stressed the "need for solidarity in studying the financial and economic situation and pointed out that reliance on oil as a primary resource does not achieve the financial stability required to achieve sustainable development."

The committee stressed the "importance of forming a committee to study non-oil revenues and monitor their distribution, in addition to analyzing the state's assets and studying their financial statements. The issue of those whose contracts were terminated and the transfer of beneficiaries of the social protection salary to the ministry to benefit from their services was also addressed."

For his part, the Minister of Interior appreciated the efforts of the Finance Committee and the parliamentary committees in supporting the ministry and the government, explaining that "the ministry has received the security file for a number of governorates and is continuing to work on receiving the rest of the governorates, according to the government program."

He provided an explanation of the ministry's plan to maximize non-oil revenues, noting that "total revenues for 2023 amounted to 757 billion dinars, which were returned to the state treasury."

Discussions between the committee members and the Minister touched on many of the Ministry’s issues, including the services of issuing electronic passports and unified cards, the revenues of the Ministry’s fund and other departments, the importance of electronic automation and functional intersection, in addition to discussing the issue of residential complexes.

The committee also inquired about the criteria for distributing job grades according to governorates, stressing the "need for coordination and work to complete the 2025 budget schedules on time."

79 views  Added 10/14/2024 - https://economy-news.net/content.php?id=48701

Parliamentary Economy Committee Discusses With The Central Bank Of Iraq The Reality Of Banks And The Problems Facing The Sector

Banks

Economy News – Baghdad  The Economy, Industry and Trade Committee, headed by MP Ahmed Salim Al-Kanani, discussed today, Monday, with the Director General of Investment and the Director General of Banks at the Central Bank, the problems facing the banking sector in Iraq.

The media department of the House of Representatives stated in a statement received by "Al-Eqtisad News" that "the Economy, Industry and Trade Committee, headed by MP Ahmed Salim Al-Kanani and attended by its members, hosted the Director General of Investment and the Director General of Banks at the Central Bank."

During the meeting, the reality of banks, the most prominent problems facing the Iraqi banking sector, and ways to find effective solutions to them were discussed. 143 viewsAdded 10/14/2024   https://economy-news.net/content.php?id=48699

Finance: Automation Plays A Vital Role In Reducing Financial And Administrative Corruption

Local | 06:24 - 10/14/2024  Mawazine News – Baghdad  Finance Minister Taif Sami confirmed on Monday that automation plays a vital role in reducing corruption and financial loss.

The ministry said in a statement received by Mawazine News that "Finance Minister Taif Sami met with the Strategic Planning and Federal Service Committee, and important issues related to following up on the government program implemented in the various formations of the ministry were discussed, in addition to following up on mechanisms for developing institutional performance and activating automation systems in sectors related to the ministry's work and developing banking work in accordance with the comprehensive banking system and applying it in all banks in a way that ensures simplifying account opening procedures as well as transfer operations, and represents a step towards moving from paper transactions to electronic ones to provide the best services to citizens."

The statement added that "Sami reviewed during the meeting the measures taken to improve the efficiency of work at customs ports, enhance revenues and facilitate the movement of goods," noting that "automation plays a vital role in reducing corruption and reducing financial loss, in addition to the electronic payment system (pos) as a step to accelerate the completion of transactions, reduce financial and administrative corruption, save a lot of time and effort, and implement the unified treasury account project, which represents a qualitative leap in the management of public funds in order to keep pace with financial and economic progress."

Sami continued, according to the statement, that "the ministry has reached advanced stages in automating taxes in coordination with the Supreme Committee for Tax Reform, which ensures improving efficiency, reducing errors, enhancing transparency and ensuring tax compliance, which has contributed to increasing government revenues and improving services provided to citizens."

The statement added that "the retirement sector and the most important steps taken to facilitate and simplify salary disbursement procedures and ensure the provision of services in a faster and more transparent manner were highlighted," indicating that "the Minister called on the advanced cadres to implement the remaining reforms in accordance with the government program to improve administrative and financial performance in federal institutions," adding that "the meeting addressed the aspect of combating corruption, as the Ministry has made great strides in this aspect through the use of modern methods, systems and advanced electronic programs to reduce this scourge."

He pointed out that "the mechanisms for developing human cadres in various sectors were addressed, by providing the necessary training and qualification to enhance the capabilities of employees and achieve the highest levels of performance."

The Minister of Finance stressed "the importance of cooperation between government agencies to ensure the achievement of national goals and drive economic and social development."

For her part, the head of the Parliamentary Planning Committee praised "the Ministry's performance in implementing the paragraphs of the government program and its great role in developing the financial sector and maximizing budget revenues through advanced and modern programs."

The meeting was attended by the head and members of the Sovereign Strategic Planning Committee, the Undersecretary of the Ministry of Finance and the general managers of all the Ministry's formations," according to the statement.   https://www.mawazin.net/Details.aspx?jimare=255974

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

Seeds of Wisdom RV and Economic Updates Monday Afternoon 10-14-24

Good Afternoon Dinar Recaps,

CBDCS VS CRYPTOS: WHY INDIA IS BETTING BIG ON DIGITAL CURRENCY?

India is working to revolutionize its cross border payment system. The aim is to make the payments faster and cheaper to help the growing economy. Along with this,  the role of Central Bank Digital Currencies (CBDCs) and the concerns around AI is also in focus. These are reshaping the future of the financial sector. Let’s dive into what’s happening and how it might affect us.

Faster and Cheaper Cross Border Payments
Governor Shaktikanta Das is serious about reducing the time and cost it takes to send money overseas. This is important, especially for economies like India. For expanding Real Time Gross Settlement (RTGS) in India, he suggests using major currencies like USD, EUR and GBP. This can help in making smoother global payments.

Das also said India is looking into cross border payment systems. The government is exploring potential partnership with other countries to make cross border payments easier for everyone.

The Promise of CBDCs
CBDCs have huge potential. They could transform the way we send money, especially across borders. India taking a big step has launched CBDC in December of 2022. It is available for wholesale as well as for retail users. The government is also planning to integrate CBDC with UPI and provide assistance to low internet connectivity zones.

Governor Das believes that as cryptos are unpredictable, CBDC can be a safer option as it offers stability. This makes CBDC a better choice for everyday transactions.

AI in Banking
As AI becomes more common in the banking world, it brings both opportunities and risks. Das raised concerns about how AI could be misused. He warned that AI could lead to cyberattacks and data breaches if not handled carefully. Banks need to be cautious, using AI only when they have proper security in place.

But AI isn’t the only concern. Cryptocurrencies also pose risks to financial systems. Das is a strong supporter of CBDCs. He believes they can offer a more secure way to handle digital transactions, reducing the chaos that cryptos might cause.

What’s Next?
India is working hard to make big changes in the financial world. From making cross-border payments easier to promoting CBDCs, the future seems exciting. But there are risks, like the rise of AI and cryptocurrencies. With the right plans and smart policies, these challenges could turn into great opportunities, helping not just India but the global economy too.

@ Newshounds News™

Source:  CoinPedia

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SEN. HAGERTY'S DRAFT STABLECOIN BILL COULD SHAPE LEGISLATION IN 2025, TD COWEN SAYS

▪️Sen. Bill Hagerty’s bill could serve as an outline for regulating stablecoins in 2025, TD Cowen said in a note on Monday.

▪️Last week, Hagerty unveiled a discussion draft of legislation to create a regulatory framework for stablecoins.

U.S. Sen. Bill Hagerty's draft stablecoin legislation could serve as an outline for future bills in 2025, investment bank TD Cowen said in a note on Monday.

Last week, the crypto-friendly Tennessee Republican unveiled a discussion draft of legislation to create a regulatory framework for stablecoins. It includes a provision that says issuers that go over a $10 billion threshold may get a waiver from their federal regulator to then stay under their state's jurisdiction. The draft legislation also includes language around maintaining reserves on a one-to-one basis with reserves that have U.S currency.

"This draft bill should form the foundation for the legislation that we expect Congress to enact next year. This is even more likely if Trump wins as Hagerty is close to the former president,"  TD Cowen Washington Research Group's Jaret Seiberg wrote.

Hagerty is reportedly a potential contender for a role within Republican candidate Donald Trump's cabinet if he wins, either in a national security role or, as Punchbowl News reported in July, as Treasury secretary. Hagerty also is a member of the Senate Banking Committee, which has jurisdiction over key agencies, including the U.S. Securities and Exchange Commission.  

Hagerty said his draft stablecoin bill is very similar to work being done by House Financial Services Chair Patrick McHenry, R-N.C., and Maxine Waters, D-Calif. Waters and McHenry have been working on their bill over the last two years. The bill advanced out of the Republican-led committee last year but has not gained much traction. At the time, Waters called the bill "deeply problematic" due to a provision that allows state regulators to approve stablecoin issuances without Federal Reserve input.

Bipartisan consensus over which regulators have oversight will be vital, Seiberg said.

"Key will be finding bipartisan agreement on which regulators will oversee stable coins. If Trump wins, prospects for this bill are even higher," Seiberg wrote in Monday's note.

Momentum on a stablecoin bill might still be picked up before the end of the year. Last month, during a congressional hearing, Waters said she wants to "strike a grand bargain on stablecoins" before the end of the year.

@ Newshounds News™

Source:  The Block

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RIPPLE NEWS: WHAT ARE THE ODDS OF THE SEC WINNING ITS APPEAL?

A federal judge ruled last year that the SEC did not prove Ripple violated securities laws by selling XRP to retail customers on exchanges. Recently, the SEC announced it would appeal this decision, and Ripple has filed a cross-appeal in response, adding another layer to the ongoing legal battle.

What’s Happening?
On the Thinking Crypto podcast, Lawyer James Murphy explained that while the SEC’s exact intentions are unclear, they are likely appealing two main points from the ruling:

Sales on Exchanges: 

The SEC aims to challenge the judge’s decision that Ripple’s sales on exchanges do not constitute securities transactions. This ruling shocked the SEC, as they previously attempted to appeal it immediately but were denied.

Disgorgement Limitations: 

The SEC also seeks to address a ruling that prevented them from claiming disgorgement (return of profits) because they lacked evidence of actual financial losses incurred by investors. This decision contrasts with precedents in other circuits, and the SEC hopes to overturn this limitation.

Additionally, there’s speculation about whether the SEC will appeal the $125 million penalty imposed on Ripple, seeking a higher amount. However, it’s uncertain if this part of the ruling would be changed since judges have significant discretion in determining penalties.

How Strong is the SEC’s Case?
Murphy shared his perspective on the likelihood of the SEC winning the appeal. There are about 20 judges on the Second Circuit, and cases are decided by a randomly chosen panel of three.

Once the panel is known, lawyers look at past decisions to guess how they might lean. Sometimes, arguments are shaped to appeal to specific judges, similar to tactics used in the U.S. Supreme Court.

He said that when the summary judgment came out, many people criticized it, and some legal experts predicted it would be overturned. Lawyers from traditional backgrounds believe there’s a chance the ruling on secondary market trades might be reversed. However, he thinks Judge Torres’s decision will likely stand, although nothing is certain.

@ Newshounds News™

Source:   CoinPedia

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🌍 WHAT ARE STABLECOINS AND HOW CAN ONE USE THEM FOR PAYMENTS?  | Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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6 Frugal Habits of the Super Rich and Famous

6 Frugal Habits of the Super Rich and Famous

Caitlyn Moorhead  Mon, October 14, 2024  GOBankingRates

In order for you to live frugally, you might want to take a page out of the super-rich. Though it may seem counterintuitive, wealthy people often practice a frugal lifestyle as they only spend their money when they see that money’s worth. In other words, they don’t just throw their money around, but rather make it work for them by forming healthy habits.

No matter if they are just making a good living or they have the net worth of Warren Buffett, the super-rich are also often frugal people. It’s not necessarily about clipping coupons or not using your credit cards, but it is about reshaping your spending habits in order to meet your long-term financial goals. Here are six ways millionaires practice a frugal lifestyle.

Pay Using Cash

Just because you have enough money to buy whatever you want, doesn’t mean you shouldn’t just stick with what you need. Next time you go to the grocery store, make a list and only bring enough cash for you to buy the items on this list. It will help you not make impulsive purchases and stick to your budget.

Try this practice every time you go shopping for clothing, household items or other specific things you can gauge the price beforehand. Only use the cash you bring on these outings and fight the temptation to use your debit or credit card to buy other stuff outside the budget you’ve set.

Pay Yourself First

Paying yourself first, or reverse budgeting, is when you create your budget around your savings goals and not your expenses. Here are a few key takeaways:

Allocate a percentage of your paycheck into savings each month.

Saving money can be done by setting up direct deposit so your savings are automated.

If you don’t want to directly deposit a percentage of your paycheck into a separate bank account you can also try setting up a recurring transfer from your checking account.

These automatic savings can pay future you in the form of investment accounts, retirement plans or IRAs.

You can spend what is left of your paycheck after savings on necessities and wants.

As your pay increases so should the amount you pay yourself each month in savings. Make sure to grow this annually to create a brighter financial future.

Travel on a Budget

Though there are exceptions, even the super-rich don’t always book the most expensive hotels or transportation accommodations. Instead, they opt to travel frugally and spend below their capability. All traveling frugally means is to not be wasteful with your money on your next trip- which often saves you the money you can then put toward other savings goals or even future vacations.

Live Beneath Your Means

Slight edits to your budget make a big difference has certain discretionary choices can save you hundreds per month. Being able to afford something doesn’t make it a good investment. Here are some ways you can live below your means like the rich do:

TO READ MORE:   https://www.yahoo.com/finance/news/6-frugal-habits-super-rich-140004741.html

More News, Rumors and Opinions Monday Afternoon 10-14-2024

KTFA:

Clare:  Al-Sudani: All I aspire to is to serve the Iraqis

10/13/2024  Baghdad

Prime Minister Mohammed Shia al-Sudani said today, Sunday, October 13, 2024, that all he aspires to is to serve the Iraqis and put Iraq first in our government policy.

Al-Sudani said in an interview with CNN that: "The Iraqi government committed before the House of Representatives to rearrange the relationship with the international coalition to fight the terrorist ISIS."

He explained that "the international coalition was formed based on the invitation of the Iraqi government in 2014 and achieved, with the help of Iraq and friends, a historic achievement for the region and the world by defeating ISIS," stressing that "ISIS gangs do not represent a threat to the state."

The Prime Minister explained that "Iran is a neighboring country that is linked to Iraq in many areas and supports the political process," noting that "Iraq is the only country in the region that has balanced relations between countries that may have problems or disagreements, and it is a country that is completely different from the past stage."

Al-Sudani continued, "Iraq is witnessing unprecedented economic development and a stable political system. It is building balanced relations, confronting all corruption problems, and working on commercial and administrative reforms."

"We are turning into a promising country that represents a cornerstone in the stability of the Middle East," he said, adding, "Iraq and the United States are bound by the Strategic Framework Agreement in 2008, and we are working to activate it."

He stressed that "the Iraqi people are currently living in a state of hope and optimism."   LINK

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Gold Telegraph: Commodities Drive our World

10-13-2024

Russia has proposed a BRICS multicurrency system which includes the creation of centers for mutual trade in commodities such as:

• Oil
• Natural Gas
• Grain
• Gold

Everything is starting to come together.

This is years in the making.

Real leaders don’t care at all about credit.

They only care about results.

When BRICS settles more commodities in local currencies, people will not only see a shift in the system’s fabric but also witness its very foundations being rewired.

Commodities drive our world.

Finance is built on top of it.

Don’t forget that.

Let it fill you with fire, not anger, when people doubt you.

People have doubted me my entire life.

It makes me feel alive.

Strive to make the future haunt them.

Award-winning economist Jeffrey Sachs warns the U.S. government has weaponized the dollar, instead of using it as a medium of exchange or store of value.

The world is waking up.

New articles are coming this week.

https://dinarchronicles.com/2024/10/13/gold-telegraph-commodities-drive-our-world/

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

Militia Man  I truly believe one of their agendas in sustainable development is revaluing the Iraqi currency... Sudani stated many time, be careful Iraq, Iraq is stronger than the dollar...they're going to be (as hammered at home) somewhat of the savior of the global financial system.  How are you going to do that at 1310 when you never did it before?  ...Obviously they're going to do something completely different.

Frank26  Question: "What's the process of the new rate going live on Forex?"  The CBI, when they officially announce it to the world at the same moment those words are coming out of their mouth, then they push a button that sends the official rate all over the world, not just to currency exchanges but to banks, to reserves, to those that need the information...

EU FREAKS OUT As Austria Moves Towards BRICS! What Is Going On?

Economics Nations:  10-14-2024

https://www.youtube.com/watch?v=rserZcwGb7E

ITS YOUR MOVE... HERE COMES A NEW PHASE OF HYPER-DEBT UNLIKE ANYTHING BEFORE.

Greg Mannarino:  10-14-2024

https://www.youtube.com/watch?v=hFhwdTLwVs4

Some “BRICS New’s” Monday 10-14-2024

Vance Lanci: What To Expect In Gold Ahead Of BRICS Meeting In 2 Weeks

Arcadia Economics:  10-14-2024

This year's BRICS meeting is now less than 2 weeks away.

And as reports continue to circulate regarding their progress on a payment settlement currency whose current proposal includes a 40% gold backing

In today's show Vince Lanci lays out a roadmap of what you can expect in the gold market in the days leading up to the meeting.

To find out more, click to watch the video now!

https://www.youtube.com/watch?v=strAOnjnm7U

BRICS: US Banks Face $500B in Losses as De-Dollarization Grows: what's Going On?

Geopolitical Analyst:  10-14-2024

While the BRICS alliance is strengthening its banking system, the US seems to be on a downhill.

In the last three years alone, 15 US banks collapsed renewing fears of financial instability across the country. The BRICS bloc has pushed de-dollarization efforts especially since it expanded its numbers.

Now, the pressure is mounting on the US dollar, as the country’s banks face over $500 billion in unrealized losses, according to a new report. A finance expert at Florida Atlantic University revealed that the United States’ unrealized losses on investment securities are over $500 billion as of the end of Q2 2024.

This is a slight downtrend from the first quarter of the year: a decrease to $513 billion from $516 billion. However, it’s still a significant loss for one of the strongest economies in the world.

Banks are now saddled with more than half a trillion dollars on the balance sheets in their papers. The development shows that the US banks are at risk while the central banks of BRICS are massively accumulating gold to hedge against the US dollar.

Rebel Cole, Ph.D., Lynn Eminent Scholar Chaired Professor of Finance in FAU’s College of Business. He says that despite the slight downtrend in unrealized losses for banks between quarters: US banks aren’t in the clear. “The 10-year treasury yield has been extraordinarily volatile for the past two years as inflation has increased.

Banks are also affected by their exposure to uninsured deposits, so the combination of unrealized losses and exposure to uninsured deposits can be particularly pernicious.” This combination can be especially lethal as the US dollar suffers as well from inflation and BRICS pressure.

The Growing US Debt and Bank Losses Weakens US Dollar, Economy Against BRICS. Furthermore, the United States’ debt has continued to rise this year past its all-time high. The current debt nationwide sits at over $35.7 trillion. Over the last three days alone, the debt has surged by a noticeable $345 billion.

 The US government is currently paying $3 billion in interest on its debt per day. The increased debt and unrealized losses are only putting more pressure on the US economy, chagrin to US investors but to the pleasure of BRICS.

While the unrealized losses are only on the balance sheets, they could become a liability when the banks require liquidity. This puts the US banking system under pressure as BRICS continues dumping US treasuries and the dollar.

The BRICS alliance is also spearheading the de-dollarization movement by convincing developing countries to end reliance on the dollar. With more countries looking to dethrone the greenback, further pressure could be put on the US banks, and thus the entire US economy.

Growing pressure for a new global currency comes after continued weaponisation of the US dollar in the form of sanctions and trade wars. Many countries are seeking greater independence from the US financial system.

For decades, the United States has been considered the global hegemon. However, BRICS nations now account for more than 40 per cent of the world’s population and have an aggregated global GDP of 31.5 per cent.

This surpasses the G7’s (United States, Canada, France, Germany, Italy, Japan and the United Kingdom) GDP of 30.7 per cent.

 It’s conceivable to see BRICS nations entirely self-sufficient, trading among themselves without any reliance on the United States.

As the reliance on US dollars diminishes, central banks have since 2023 been seen dumping their dollar reserves. This has led to hyperinflation, a spike in interest rates to compensate for the loss of purchasing power, and falling asset prices, further accelerating US decline.

 The trend of de-dollarisation is occurring – but it is not something unique.

Let's take a look at why the world is turning away from the US dollar.

https://www.youtube.com/watch?v=uoGGp8KtT_s

“Coffee With MarkZ” Monday Morning Chat 10-14-2024

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

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Happy Columbus Day

Member: Hope everyone has a chance to enjoy a day off for Columbus day. Mods thanks for being here.

Member: So the PTB wasted another 3 day weekend and did nothing…..again.  Hope Mark has encouraging news today.

MZ: On the bond side there is a lot of expectations for this week. There are a number of meetings occurring today that should give us a better idea on timing, rumors and progress. I should hear about these sometime this afternoon.  

MZ: the last update was they are ready and waiting for permission …they have completed all the steps and just waiting for the green light.

MZ: There was a lot of news this weekend coming out of Iraq. “Prime Minister: Iraq is witnessing unprecedented economic development and a stable political system” He is using very important key words.  Dr. Shabibi  (Former governor of the CBI and architect of the RV) had told us if they gave him a safe and stable Iraq- he would give them a higher revaluation or reinstatement

MZ: Iraq is the most stable country in the region and becoming a leader

MZ: “The Iraqi Trade Bank announces the imminent opening of a cash deposit center in Karkh” . Everyone is bringing in cash in exchange for the convenience of electronic banking. They are modernizing quickly.  

MZ: “Finance disburse allocations for employees of the General Tax Authority” They are paying the first 2 quarters of salaries for 2024….Money is moving suddenly . this includes the Kurdish Region.

MZ: We are hoping for an HCL and WTO update this week as well. Members of the Finance ministry are hoping for a full timeline update or full acceptance of both this week.

MZ: From Finance ministry “Non-oil budget imports will reach $30 Trillion dinars next year” This is big. This is the money made by everything not oil and shows more stability in the Iraqi economy.

MZ: “Iraqi oil stabilizes at $75 a barrel.” Anything over $70 makes it easy for an RV. This is one of the benchmarks we were told to watch for.

Member: GM ! My local bank now has the new USN counting machine for use When needed! As per the bank manager !

MZ: They are definitely preparing

Member: Is it possible for Iraq to complete the file for WTO ascension, they had to negotiate trade tariffs with member countries based on a new exchange rate?

Member: I wonder how the October 20, 2024 elections in Kurdistan will impact Iraq's political stability and efforts to address corruption?

Member: I wonder if Iraq has to have the REER before the WTO? (Real Effective Exchange Rate)

Member: Is the Bolivar one of the currencies that may follow behind the dinar and dong?

Member: We have been told it’s in the first basket…..but no one knows the rate yet.

Member: Wolverine said Whales are testing the QFS payment system ...

MZ: they have been testing for awhile now…..I absolutely agree with that.

Member: I think the BRICS Summit is going to be huge…just 2 weeks away

MZ: I am looking forward to the BRICS meetings this month.

Member; What is your gut feeling Mark?

MZ: My gut feeling is screaming I’m going to finally get to call it quits before Halloween. I am so darn hopeful we are on the short and skinny side of this thing.

Member: Oct 20th - I heard Marshall Law is enacted & the 10 days of darkness officially begins. Also, the Q clock officially showing an ending on the 30th. We'll see what transpires in the next week or so...

Member: Some platforms are saying to go to the bank for exchange of your foreign currency and some say redemptions center for a better exchange. What are your thoughts?

Member: Redemption centers are affiliated with Redeeming banks….They may be in empty offices or floors of existing banks…..or separate buildings depending on population of that area…..The redemption center staff work for banks…..and have been specially trained to exchange our foreign currency…..

Member: Thanks to everyone….have a great day

Member: Hope everyone has a blessed day

Fernando from the ATB and StacieZ join the stream today. Please listen to the 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.

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

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Seeds of Wisdom RV and Economic Updates Monday Morning 10-14-24

Good Morning Dinar Recaps,

HOSKINSON DETAILS CARDANO’S BILL OF RIGHTS FOR BLOCKCHAIN GOVERNANCE

Charles Hoskinson, the founder of Cardano, unveiled a framework for blockchain governance in his latest broadcast, introducing what he refers to as a “Bill of Rights” for the Cardano ecosystem.

This initiative, centered around 11 foundational blockchain tenants, aims to establish a constitutional foundation that will guide the development and governance of Cardano and potentially influence broader blockchain technologies.

Broadcasting live from Colorado on October 13, 2024, Hoskinson emphasized the collaborative efforts underpinning this initiative. “More than 50 workshops have already been held,” he stated. The process has seen participation from 1,400 individuals and the election of 63 delegates.

At the heart of Hoskinson’s announcement is a blog post titled “The 11 Blockchain Tenants Towards a Blockchain Bill of Rights.” He clarified that these tenants are not exclusive to Cardano but are intended as a universal framework applicable to various blockchain systems. 

“These tenants are meant to capture the natural durability of these systems and the rights of their users,” Hoskinson explained, drawing parallels to human rights enshrined in constitutional law.

The 11 Cardano Blockchain Tenants
Hoskinson provided an in-depth exploration of each of the 11 tenants, elucidating their significance and practical implications for Cardano:

1.  Transaction Censorship Resistance: “Transactions cannot be slowed down or censored and will be expediently served for their intended purpose,” Hoskinson stated. He likened this principle to the freedom of speech, emphasizing the importance of maintaining user autonomy within the system.

“Transactions express the ways the users wish to engage with the system so users should be free and able to do so in a manner proportional to their intent; this excludes censorship but also mandates expediency and processing.”

2.  Predictable Transaction Costs: Hoskinson asserted that “the cost of a transaction should be predictable and cannot be unreasonable,” which is essential for user planning and system sustainability.

He acknowledged the challenges in balancing resource allocation with user intent, especially in high-demand scenarios. Mechanisms like tiered pricing and intent-based ledgers are being explored to address these issues.

3.  Fair Recognition And Compensation: Addressing the equitable treatment of contributors, Hoskinson noted, “Every user’s inputs and contributions to the system will be recognized, recorded, processed, and assessed fairly.” This tenant seeks to ensure that both maintenance and development efforts are adequately rewarded, preventing incentives failures within the ecosystem. He also highlighted the need to fairly compensate various roles, from stake pool operators to governance participants.

4.  Data And Value Portability: Reflecting principles similar to the European Union’s General Data Protection Regulation (GDPR), Hoskinson emphasized the importance of user consent in data handling. “The value and data users contribute or create will not be locked or processed without their consent,” he stated. He advocates for user control over personal assets and information.

5.  Resource Efficiency: “No resources will be unnecessarily spent,” Hoskinson explained, highlighting the necessity of minimizing resource utilization through efficient protocol design. This tenant aims to prevent systemic bloat and ensure the long-term viability of the blockchain. Examples include protocol optimizations that reduce transaction sizes without compromising security.

6.  Safe Preservation Of Value And Information: Hoskinson discussed the dual aspects of this tenant: preserving the integrity of information against threats like quantum attacks and ensuring value stability through mechanisms like stablecoins. “The system will safely preserve the value and information stored within it,” he stated, emphasizing both data integrity and asset stability as critical components.

7.  Minimization Of Unnecessary Resource Expenditure: This tenant focuses on resource optimization, ensuring that Cardano operates efficiently without wasting resources. Hoskinson highlighted the transition from Plutus V1 to V2 as an example, where transaction sizes were significantly reduced, enhancing overall system efficiency.

8.  Fair And Representative Governance: “The system will treat users fairly and will evolve accordingly to their collective will, aiming at its long-term sustainability and viability,” Hoskinson declared. 

This tenant emphasizes the importance of inclusive governance, where all stakeholders have a voice in the system’s evolution. The upcoming Constitutional Convention in Buenos Aires aims to formalize these governance principles.

9.  User Privacy Preservation: Emphasizing data privacy, Hoskinson stated, “Users’ privacy, both in terms of their actions and their data, should be preserved.” Drawing parallels to GDPR, he advocated for minimal disclosure and selective, contextual data sharing. This tenant addresses the balance between transparency and privacy, ensuring users retain control over their personal information.

10.  Compliance with Local Laws and Regulations: “The system will offer users ways to engage that do not require them to break local laws and regulations,” Hoskinson explained. This tenant acknowledges the global nature of Cardano and the necessity for users to remain compliant with their respective jurisdictions.

11.  Transparency, Predictability, and Verifiability: The final tenant mandates that “the system’s operation should be transparent, predictable, verifiable, interpretable, and without asymmetries.” Hoskinson emphasized the importance of open-source protocols and public verifiability to ensure trust and accountability within the ecosystem.

The Way Forward
Hoskinson detailed the ongoing efforts to formalize these tenants through decentralized governance. “You have to have decentralized governance before you go down that road because only through decentralized governance can you make a decision for everyone everywhere, that’s the point of Voltaire,” he remarked. 

The upcoming Constitutional Convention in Buenos Aires, Argentina, scheduled for December 2024, will bring together delegates from 50 countries to finalize and approve the constitutional text based on these tenants.

The founder underscored the significance of this initiative beyond Cardano, suggesting that other blockchain communities could adopt similar frameworks to balance technical innovation with ethical governance. 

“These tenants are being actively debated by the Cardano community […] they will act as beacons in the far horizon that will pull Cardano and other blockchain communities to where they intend to travel to,” Hoskinson stated.

Hoskinson concluded the video by highlighting the importance of preserving the system’s integrity over short-term gains. “We should never sacrifice the integrity of the system for the sake of short-term gain or short-term progress on some arbitrary metric like token price or adoption,” he asserted.

@ Newshounds News™

Source:  Bitcoinist

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GOLD FEVER HITS COSTCO: 77% OF STORES SELL OUT AMID SOARING DEMAND FOR BULLION

Costco’s gold bars are flying off the shelves as record-high gold prices spark a buying frenzy across the U.S. A recent survey found that 77% of Costco stores offering gold sold out in early October. The trend reflects growing demand for gold as a hedge against inflation and economic uncertainty.

Costco’s Gold Bars Are Selling Out Amid Record Gold Prices
Gold bars from American multinational wholesale corporation Costco have become a highly sought-after item, selling out from store shelves across the U.S. as gold prices reach record highs. 

A survey of Costco outlets in 46 U.S. states revealed that 77% of stores stocking gold bars sold out within the first week of October, Bloomberg reported. 

The retailer’s ability to offer gold at competitive prices, combined with membership rewards, has made it a popular destination for those seeking a hedge against inflation.

Costco provides bullion at prices below those of traditional precious metals dealers, and loyal members can receive up to 4% in rewards, further boosting the appeal of buying gold at the big-box retailer. 

Sourav Sethia, an analytics engineer from New Jersey, has taken advantage of Costco’s convenient gold offerings. Sethia, who regularly buys gold bars at the store, said he receives calls whenever new stock arrives, allowing him to purchase when prices dip. His experience is part of a larger trend of consumers flocking to Costco as gold prices soared nearly 30% this year.

The metal’s appeal as a safe haven amid inflation and economic uncertainty has driven many to seek out the stability that gold provides. According to Josh Young, a Houston-based money manager who bought a gold bar and coin from Costco:

It’s physical and gold does have a long history of being a store of value even though there’s no cash flow from it. It’s a good personal diversifier.

Costco’s foray into the bullion market has drawn significant attention since it began selling gold bars in 2023. The retailer’s chief financial officer Gary Millerchip highlighted the popularity of its gold products. He was quoted as saying:

We are glad to be able to offer gold and silver items for our members. It’s a great example of our merchants constantly finding new ways to deliver uniqueness and value.

Shoppers are drawn to Costco’s gold offerings not just for their investment value but for the convenience of purchasing a long-standing store of wealth at a familiar location. Many customers appreciate the ability to diversify their assets with minimal hassle.

Despite the high demand, Costco’s success in the gold market may not influence overall prices, as the volumes sold are relatively small. However, according to industry experts, the retailer’s strong sales reflect sustained support for gold. 

As spot prices for the metal continue to rise, Costco is helping make gold more accessible to average consumers. Nicky Shiels, head of metals strategy at MKS PAMP, noted that Costco is attracting “a whole new cohort of retail buyers,” adding that this could have positive long-term effects on the market.

@ Newshounds News™

Source:  Bitcoin News

 ~~~~~~~~~

RIPPLE’S CEO CLAIMS SEC IGNORES COURT RULING ON XRP STATUS

▪️Ripple’s Chief Executive Officer, Brad Garlinghouse, argues the SEC overlooks a vital court ruling.

▪️The SEC is appealing a decision that states XRP is not a monetary instrument.

▪️Bitnomial is also taking action against the SEC over its claims on XRP options.

The company’s founder has accused the U.S. Securities and Exchange Commission  of overlooking a court conclusion on the token’s classification.

This verdict determined that XRP is not a security and raised questions about the commission’s authority. Consequently, industry stakeholders are closely monitoring these developments as legal disputes escalate.

Legal Differences Escalate  
Recently, the SEC’s Notice of Appeal has sparked discussion. This Notice aims to challenge the summary judgment and final ruling in the SEC vs. Ripple case. This high-profile legal battle has persisted for over four years and attracted considerable attention.

 In July 2023, Judge Analisa Torres ruled that programmatic sales of XRP do not meet the third prong of the Howey Test. This test determines whether an asset qualifies as a security.

In response to the SEC’s complaint, Ripple plans to file a cross-appeal. The SEC contests a decision that includes a $125 million fine against Ripple for its institutional the coin’s  purchase.

The organisation’s Chief Legal Officer, Stuart Alderoty,  stated that the SEC’s inquiry does not affect the  rules of clarity. Furthermore, this response has led to a positive shift in sentiment among the currency holders.

Bitnomial’s Legal Action  
Additionally, Bitnomial Inc. has filed a lawsuit against the SEC. This lawsuit highlights ongoing regulatory challenges. It stems from the SEC’s efforts to assert jurisdiction over digital asset derivatives. 

Bitnomial intends to launch physically delivered XRP Futures after receiving self-certification from the Commodity Futures Trading Commission  on August 9, 2024. However, the SEC later contacted Bitnomial and claimed jurisdiction over the XRP US Dollar Futures contract.

Bitnomial argues that the SEC’s claims are unwarranted. The exchange insists that these offerings should be classified as commodity derivatives rather than securities.

Support for this position comes from the recent decision by the Southern District of New York. This ruling confirmed that XRP is not inherently a security and was not classified as such in secondary market trades.

Implications for Cryptocurrency Regulation  
As these legal battles unfold, the cryptocurrency community watches closely. The SEC’s pursuit of regulatory authority raises important questions about future cryptocurrency regulations in the United States. The outcomes could set serious precedents for Ripple Bitnomial and the broader digital asset ecosystem. Industry participants await clarity as these legal disputes continue to evolve.

@ Newshounds News™

Source:  Crypto News Land

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🌍 THE CONSTITUTION AND THE NEW FINANCIAL SYSTEM  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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3 Things the Wealthy Worry About Most

3 Things the Wealthy Worry About Most

Christy Bieber   Updated Mon, October 14, 2024  Moneywise

2 out 3 millionaires in the US don’t consider themselves rich — here are the 3 things the wealthy worry about most

Most people in America don't believe they're rich.  In fact, only 12% of the population thinks they're wealthy, according to recent research from Edelman Financial Engines.

Surprisingly, it's not just low- and middle-income households who don't feel flush with cash. A separate Northwestern Mutual study revealed only 33% of millionaires count themselves among the rich.

With so many millionaires reporting they don't feel great about their finances, it's worth looking at exactly what has this demographic group so concerned.

Here are three top fears of wealthy Americans so you can see how their fears compare to what average Americans worry about.

How Taxes Impact Retirement

For wealthy Americans, their No. 1 retirement concern isn't whether they'll have enough money to retire comfortably or have enough cash to last for life. Instead, Northwestern Mutual reveals their top fear is how taxes are likely to impact their retirement.

Concerns about taxation have prompted 61% of millionaires to create a plan to reduce the share of their retirement savings going to the IRS. These plans include strategic withdrawals, using a mix of traditional and Roth accounts, and claiming tax breaks for charitable deductions.

For Americans who are living on less, obviously running short of money is a more pressing concern than future tax bills. Still, even lower and middle-income individuals should consider how their retirement income will be affected by taxation.

The Senior Citizens League reports around half of all households now face taxes on Social Security benefits. Many older Americans whose income comes primarily from 401(k)s, IRAs or other accounts with taxable withdrawals could easily find themselves among this group. Taxes on withdrawals from these accounts will also cut into the amount of money they have to spend.

Making a strategic tax plan by borrowing the techniques of the rich and choosing a good mix of tax-advantaged accounts is a smart move no matter how big your bank account.

The Political Environment

TO READ MORE:  https://www.yahoo.com/finance/news/2-3-millionaires-us-don-105500922.html