Seeds of Wisdom RV and Economic Updates Sunday Morning 10-27-24

Good Morning Dinar Recaps,

BLOCKCHAIN LIFE 2024 GATHERED THE LEADERS OF THE CRYPTO COMMUNITY FROM 120 COUNTRIES IN DUBAI

Dubai, UAE, October 26th, 2024, Chainwire

The 13th edition of the Blockchain Life Forum, the premier gathering for cryptocurrency leaders worldwide, recently concluded with an astounding attendance of over 12119 participants.

The forum showcased over 200 esteemed speakers, featuring industry pioneers and executives from top companies, including OKX, CoinMarketCap, Bitmain, Bybit, Binance, Animoca Brands, Circle, BingX, ICP, Kraken, TON, Sandbox, Polygon, Litecoin, Sui, BNB Chain, Cardano, DYDX, VeChain, Osmosis, Chiliz, Algorand, Ether Fi, Manta, Mantle, Delysium, and many more.

The exhibition of crypto companies featured 125 amazingly beautiful booths. Major players such as OKX, Bitmain, BingX, KuCoin, Bitget, Listing.Help, and Uminers offered attendees an exclusive glimpse into the latest technologies and innovations shaping the crypto landscape.

As a spectacular finale to the forum, participants enjoyed the Legendary AfterParty at one of the world’s premier clubs, SKY2.0. 

This informal networking event provided a platform for top industry figures to connect, complemented by a dazzling live performance from internationally celebrated artist French Montana, who thrilled over 1,200 attendees with his chart-topping hits.

@ Newshounds News™

Source:  Crypto News Flash

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NETHERLANDS PROPOSES CRYPTO TAX COMPLIANCE TO ALIGN WITH EU STANDARDS

Aligning themselves with the tax reporting rule on digital currency enacted by the European Union (EU), the Netherlands revealed its intention to apply tax monitoring rules on crypto. 

The Dutch government, an EU member, is obliged to accept and apply the new reporting requirement, a structure meant to assist EU member states in controlling digital currencies.

New Reporting Policy
The Dutch Ministry of Finance announced that the government seeks to pass a new policy that will ensure that activities related to cryptocurrencies will be reported and subjected to tax.

According to tax authorities, under the proposed legislation, the government will require crypto service providers to gather and share their users’ data with the Dutch taxation agency starting January 2026.

The Dutch Taxation and Tax Authorities noted, however, that digital currency owners are already required to submit a tax return on their balance and that the measure would not effect them.

Citing that the suggested step will improve cooperation among EU members by exchanging crypto data and transactions, State Secretary for taxes and Tax Authorities Folkert Idsinga clarified that the bill is viewed as an important initiative made by the Dutch government on crypto taxes.

“This will combat tax avoidance and evasion, and European governments will no longer miss out on tax revenues,” Idsinga said.

Under the new rule, digital asset service providers should submit the user data of individuals who are residents of EU member nations. They must submit the data to the Dutch tax administrator, which can be shared by the tax agency with other tax authorities across the regional bloc.

Public Feedback
The Dutch government said that it wants to know the opinion of the public on the proposed tax monitoring law. There will be a consultation period that will run until November 21 wherein the people are encouraged to give their concerns and reactions to the new policy.

The feedback gathered during the consultation will be used to draft the final version of the legislation. Tax authorities aim to submit the proposed measure to the country’s House of Representatives next year.

EU Crypto Tax Reporting
In October 2023, the EU introduced DAC8, a crypto taxation rule that requires all crypto service providers across the EU to provide their respective tax authorities with their users’ data.

The Dutch government said that DAC8 allows data exchange between tax authorities within the EU, limiting the administrative burden for crypto service providers because they only need to communicate with the proper authorities in the country they are registered.

“Without this DAC8 directive, providers could be asked for information by any member state,” Dutch tax authorities explained.

@ Newshounds News™

Source:  Bitcoinist

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🌱SWIFT & MBRIDGE: THE FUTURE OF CROSS-BORDER PAYMENTS?  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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News, Rumors and Opinions Sunday AM 10-27-2024

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. 27 Oct. 2024

Compiled Sun. 27 Oct. 2024 12:01 am EST by Judy Byington

Judy Note: Right now the greatest takedown in the financial history of the World was happening. BRICS nations were accelerating de-dollarization faster than anticipated. Brazil, Russia, and China have bypassed the fiat US Dollar in trade agreements. Argentina and Japan were moving to dismantle oppressive tax regimes.

Possible Timing:

Thurs 24 Oct. 2024: BOOOOM!!! The gold/backed BRICS Currency Note to be used for international trade (replacing the fiat US Dollar) was introduced by BRICS.

On Sun. 27 Oct. into Mon. 28 Oct. 2024 Project Sandman (US Dollar crash) was set to kick off.

Mon. 28 Oct. 1929 was the infamous Black Monday Market Crash and another was expected on Mon. 28 Oct. 2024.

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Global Currency Reset:

 Sat. 25 Oct. 2024 Wolverine: “The GCR is defiantly coming this week.”

Sat. 25 Oct. 2024 MarkZ: “Billionaire Warren Buffet dumps $10,500,000,000 billion in Berkshire’s Bank of America’s stake after slashing JP Morgan Chase, Wells Fargo investments to zero”  Why is this important? If he suddenly dumps the stocks it would probably cause a run on banks. He is historically one of the most solid traders in the world and he is unloading all bank stocks. . Mark Z

Sat. 26 Oct. 2024: Breaking! Military Intel: EBS Training Complete, Countdown to the Great Currency Revaluation Begins! – amg-news.com – American Media Group

Sat. 26 Oct. 2024: NESARA and GESARA Unveil Monumental Changes: Global Implementation Begins! – amg-news.com – American Media Group

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Tier Groups involved in the RV.

Tier 1 the Elders, German Bonds, Select Yellow Dragon Bonds have been paid.

The Pentecostal group are now 100% under NDA.

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Global Financial Crisis:

Sat. 26 Oct. 2024: US Banks are hiding a dark secret. Bail Ins are coming. Time for the banks to rob us now. Luckily we have the QFS: https://m.youtube.com/watch?v=5QnojHmE4aw

The CEO of America’s largest bank, Jamie Dimon, says the global order is at risk. In other words, a transformation of the international monetary system. https://x.com/GoldTelegraph_/status/1849962758684790803

Bitcoin drops after the U.S. government announces an investigation into USDT crypto firm Tether.

Read full post here:  https://dinarchronicles.com/2024/10/27/restored-republic-via-a-gcr-update-as-of-october-27-2024/

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

Wolverine   [via Judy Byington]  The private contractors have seen their letters of confirmation that they will get paid this coming week. That is a million percent confirmed.  The biggest news is that the biggest Whale in the RV got paid and went home to start the process to help humanity...he is a good friend of mine, and when that news came through, I started crying... I also, will be jumping in with them to help with their humanitarian projects...I will be flying out soon, but cannot tell you where. When I get the green light, you will not hear from me again, but the opera [RV?] will come before that happens.

Pimpy   [Reference Guru Nader post ]   It [The dinar on Forex] went from 1320 to 745 for every dollar so that's 54% increase in value.  Woo!  Man that's really good.  It's not where everybody  wants to be but still a nice jump in value.  It's looking good.  I really think it's looking good.  I just try to keep people grounded...There is weird activity.  Nobody really knows what it means but that is one hell of a jump, a 54% increase in value...I don't know what's going on...It is exciting because this is right on the heels of the information...that they're lifting restrictions [on foreign exchange in Iraq] and then all of a sudden this happens.  This is like one day apart...All of a sudden next day there's a spike.  Could be something, could be nothing...Everybody knows it's close so it's hard not to get excited.

Iraq Good News Growth Pattern; COP Currency Investment How to:

Edu Matrix:  10-26-2024

https://www.youtube.com/watch?v=qls067q74yg

Fake Agro-Cheque | How to Spot The Fake 100 Billion Dollars Special Agro Cheque Banknote

BankNote World:  10-26-2024

Fraudsters will attack any banknote or product where they think they can make money and get away with their crime. With the high collector value of the Zimbabwe 100 Billion Special Agro-Cheque banknotes, counterfeiters have tried to produce and pass fake Zimbabwe 100 Billion Special Agro-Cheque banknotes.

 At BanknoteWorld not only do we ensure the authenticity of the banknotes we sell, we also scour the market to look for counterfeits so we can analyze them and provide guidance to collectors and law enforcement how to spot these fakes.

https://www.youtube.com/watch?v=MpnvXjhJ6ZE

“Tidbits From TNT” Sunday Morning 10-27-2024

TNT:

Tishwash:  Rafidain Bank announces the implementation of the comprehensive banking system in 46 branches in Baghdad and the governorates

 Rafidain Bank announced today, Sunday, the implementation of the comprehensive banking system in 46 branches in Baghdad and the governorates  link

Tishwash:  The regional government to its employees: Whoever does not have a biometric code will have his salary stopped by the federal finances

The Ministry of Finance and Economy in the Kurdistan Regional Government called on Sunday on employees and workers in the public sector to rush to register in the biometric system before the twentieth of next November, warning them that the Federal Ministry of Finance will stop the salary of anyone who does not have a biometric code.

The ministry said in a statement today that based on the agreements and understandings concluded between the Ministry of Finance and Economy in the Kurdistan Region and the Ministry of Finance in the federal government regarding the issue of resolving technical problems related to the payroll of Kurdistan Regional Government employees, the following must be done:

First: All employees, retirees, people with special needs, and heirs of martyrs who have not registered themselves in the biometric system must register before the date (11/20/2024).

Second: The decision to register in the biometric system includes all employees and salary recipients who are abroad for various reasons, or on unpaid leave, study, etc.

Third: Every employee or person receiving a salary in the Kurdistan Regional Government who does not have a biometric code until the date (11/20/2024) will have his salary stopped by the Ministry of Finance in the federal government, and he will bear responsibility for that.  link

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Tishwash:  "Hybrid Monetary Policy".. Al-Sudani's Advisor Reveals the Central Bank's New Step

The economic advisor to the Prime Minister, Mazhar Muhammad Salih, explained today, Saturday, precise details about the importance and reasons for the Central Bank of Iraq’s decision to reduce interest.

Saleh told {Euphrates News} that: "It is clear that the monetary policy of the Central Bank of Iraq has become a policy that meets the requirements of growth in real economic activity, through activating its operational objectives aimed at reducing the cost of credit and financing within the joints of the economic system in general and the banking system in particular.

" He explained, "The Central Bank began, through its decision issued in accordance with its circular on October 24, to reduce the monetary policy interest rate (which is the rate at which the Central Bank of Iraq deals with the banking system) by about 200 percentage points

By lowering the interest at which the Central Bank deals with banks from 7.5% to 5.5%, which means that the Central Bank of Iraq has become following an expansionary policy in targeting the money supply in a manner that is consistent with activating the real sector in the national economy and confronting unemployment indicators in the overall economy."

According to the statement of the Prime Minister's economic advisor, "Despite the above, the bank in its new policy did not neglect the importance of continuing to control local liquidity levels and carrying out high sterilization operations, by offering debt instruments called Islamic certificates of deposit with a return that increases with the length of the amortization period of those securities purchased by the banking system, which are considered sovereign debts that can be mortgaged or discounted in the secondary market and are excellent debts."

He continued, "The monetary policy of the Central Bank has given a signal to the financial and banking system that its easy or flexible policy adopted by the bank in moving the liquidity of the economy is under continuous control in order to play the role of the monetary authority in combating inflationary activities and imposing economic stability as its first central goal." 

Saleh concluded by saying, "Between expanding the movement of economic liquidity as an expansionary policy and imposing control over liquidity levels by offering debt instruments in return at the same time in parallel, we can call the current monetary policy of the Central Bank of Iraq a {hybrid flexible monetary policy}."

The bank decided to reduce the interest rate from 7.5% to 5.5%, in addition to reactivating the securities (Islamic certificate of deposit and money transfers) according to an annual plan and with two terms: with a return of 4% for a period of 14 days and a return of 5.5% for a period of 182 days.   link

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Tishwash:  Despite the Israeli attack, the Iranian toman recovers against the US dollar

Today, Saturday (October 26, 2024), the Iranian toman recorded a remarkable recovery against the US dollar on the main Tehran Stock Exchange.

Baghdad Today correspondent said that the toman price today in Tehran's main stock exchange was recorded at 6 million and 500 thousand tomans for every 100 US dollars.

He added that this price is considered a significant change towards recovery after it recorded 6 million and 800 thousand tomans for every 100 US dollars yesterday.

Israel launched a series of airstrikes on Iran early Saturday morning, and explosions were heard in the Iranian capital, Tehran, although there was no information about any damage or injuries.

Four hours after the start of the operation, which Israel called "Days of Response," the Israeli army announced that it had completed the attack on military targets in Iran, that all of its aircraft that carried out the attack on Iran had returned safely to their bases, and that the operation had achieved all of its goals.

Israeli military spokesman Daniel Hagari said the attack was carried out under the direction of the political echelon in response to the Iranian regime's attacks against Israel and its citizens.

A senior US official said that the Israeli response to Iran has ended, and asked Tehran not to respond or escalate, stressing that if Iran decided to respond, "we will be fully prepared to defend Israel again and there will be dire consequences."

He added that this should be the end of the exchange of direct strikes between Israel and Iran.

The Israeli attack began shortly before 2 a.m. on Tehran, and shortly thereafter Israeli military spokesman Daniel Hagari announced the start of a precise and targeted attack on Iran.

Later, Israeli media reported a second wave of Israeli attacks against Iran, targeting sites, some of which were in Shiraz. Then, the American website Axios quoted Israeli and American officials as saying that Israel targeted Iran with three waves of strikes, and that the first waves of those Israeli strikes targeted Iran’s air defense system.

After about 4 hours, the Israeli Broadcasting Authority confirmed the end of the Israeli attack on Iran, in which hundreds of fighter jets participated. The New York Times also quoted Israeli officials as saying that the attack on Iran ended after striking about 20 sites.  link

Mot: A piece of the action

Mot:  Soooooo -Watts Ur Critters Name!! – hmmmmm 

“Humor While We Wait” Posted by Mot at TNT

TNT:

Mot: . I still have so many unanswered questions

I’m getting older, and it’s just hit me—I still have so many unanswered questions! Like, who *did* let the dogs out? Where's the beef? How do you get to Sesame Street?

Why doesn't Dora just use Google Maps? And why on earth do eggs come in a flimsy carton, but batteries are locked up in packaging tougher than Fort Knox?

Oh, and why can’t women put on mascara without their mouth hanging open? Why is the word “abbreviated” so long? Why is lemon juice made with artificial flavors, but dish soap has real lemons? Why do they sterilize needles for lethal injections?

 And why do we “put our two cents in,” but it’s only a “penny for your thoughts”—who's getting that extra penny?

Also, why do "The Alphabet Song" and "Twinkle Twinkle Little Star" have the same tune? Why did you just sing both to check? And seriously, what *is* Victoria’s secret?

Now, before you think I’m a genius, I should admit—I got this from a friend, who borrowed it from her brother’s girlfriend’s uncle’s cousin’s baby’s momma’s doctor, who lives next door to my old classmate’s mailman. Your turn to pass it on! Peace! (Credit to the original mastermind!)

 Mot: . Oh My

Mot: . Ya Knows - I Might - just Might Need it ... but ~~~~ 

Mot: Earl is a fast learner

Mot: .. Been There - Done That!! ---need something sweet

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 10-26-24

Good Afternoon Dinar Recaps,

FED RATE CUT TO HAPPEN 2 DAYS AFTER US ELECTION, POSSIBLE MARKET IMPACT?

▪️The US Fed rate cut is imminent in November with 0.25% cut in view

▪️FOMC policy meeting will hold on Nov 7, two days after coming US election

▪️Bitcoin might benefit from this potential market rattling ahead

Beyond Bitcoin trend, one of the most important conversations on Wall Street now is the potential Fed rate cut in November. With the US economic data coming in below expectations, there is a higher level of certainty of a rate cut next month. The timing, however, has created a new conversation on what this might mean for the broader market.
.

US Fed Rate Cut: What Is With the Timing?
In September, the Federal Open Market Committee (FOMC) slashed interest rate by 50 basis points. This pivot comes after about 4 years of aggressive monetary policies. At the time, Federal Reserve officials including Chairman Jerome Powell revealed that more cuts are likely, depending on economic outlook.

Recent economic data shows a need for more cuts. Although the latest US PPI inflation data comes in hotter than expected, jobless claims remain a concern to tackle. With the outlook, many projected a 25 basis point Fed rate cut for November and possibly December.

A recent Beige Book report from the apex bank confirmed the need for further cuts, leaving the question of the timeline. Per a report from MarketWatch, the Fed officials are silently preparing for the November policy meeting on the 7th. This is 2 days after the US Presidential election between Donald Trump and Kamala Harris.

It remains unclear what the market impact will be as the elections might not have produced a winner by then. This is bound to leave the market investors highly cautious based on the broader uncertainty on what to expect. However, more clarity on what to expect with the release of PCE Inflation and the October job report next week.

What is in it for Bitcoin?
US Fed rate cut events are historically bullish for Bitcoin (BTC) and the broader crypto market. Branded as a hedge against inflation, Bitcoin might gain more attraction from investors over time.

This thesis stems from the likelihood of the US Dollar losing its purchasing power with excess capital flow amid the Fed rate cut push. This is already playing out as many firms are already exploring keeping funds in digital currencies as a hedge.

In a major twist, Microsoft shareholders will vote in the coming weeks about investing in Bitcoin. Following this revelation, top proponents like Michael Saylor has offered to help Microsoft make trillions through BTC if the leadership is open to talk.

@ Newshounds News™

Source:  CoinGape

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CARDANO FOUNDER REVEALS EPIC BITCOIN PLAN: DETAILS

Cardano founder Charles Hoskinson has teased an ambitious plan to enhance Bitcoin’s ecosystem by relaunching the Bitcoin Education Project in 2025 and introducing advanced resources for Bitcoin developers.

Hoskinson started The Bitcoin Education Project in 2013, providing free, peer-reviewed content on Bitcoin and the digital asset environment.  Now, as he noted in a tweet, with Bitcoin “back in the family,” he intends to relaunch the Bitcoin Education Project in 2025 as well as develop a new edition of his course in the educational program.

The new edition, according to Hoskinson, will not only update previous content but will also include resources specifically for developers looking to build applications on the Bitcoin network.

In a push to expand the programming toolkit available for Bitcoin developers, Aiken education — a modern programming language and toolkit for developing smart contracts on the Cardano blockchain — will be prepared for Bitcoin developers, including hosting on Maestro and using the hyperledger GitHub.

@ Newshounds News™

Source:  U Today

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🌱 THE CONSTITUTION CALL WITH SILVER 57 JIM. LOWTIDE, R JAX AND MASON GREAT INFO - DID YOU KNOW?  |  Youtube

 Replay of the Constitution Live Call from last night October 25, 2024 with guest speaker Mason.

@ 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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Follow the Timeline 

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6 Obstacles Women Face While Building Wealth

6 Obstacles Women Face While Building Wealth

Kimberly Lankford   Tue, October 22, 2024  GOBankingRates

Women face extra challenges when working toward building wealth. Not only do they tend to earn less than men, but taking time off from work (or reducing their schedules) to raise children or care for aging relatives makes it more difficult for them to save for the future — even though they may need a larger nest egg to help cover their longer life expectancies.

“Women continue to face headwinds that put them at greater risk of not achieving a financially secure retirement — the persistency of the gender pay gap, time out from the workforce for parenting and caregiving, and [the fact that] statistically, women live longer than men, which implies we have to save even more for retirement,” said Catherine Collinson, CEO and president of the Transamerica Institute and the Transamerica Center for Retirement Studies. “These factors can put a woman on a very different trajectory in terms of her long-term retirement savings and retirement outcomes.

Here are obstacles women face when building wealth, and advice to learn what you can do to overcome them.

The Gender Pay Gap

Women on average earn less than men — 83 cents for every $1 paid to men. This gender pay gap has a snowball effect on so many other aspects of a woman’s financial life, making it harder to save for retirement, easier to land in debt and even affecting the size of their Social Security benefits.

Starting out with a low salary can impact your earnings for years, especially if raises are based on a percentage of your income and future jobs base your salary on your previous earnings. That’s even before considering that many women take time off to raise children or care for aging parents.

But there are several things you can do to help improve your income. Start by doing some research to assess how your pay compares to others in similar positions.

“Have conversations with peers outside of your company so you can get that comparison,” said Samantha Garcia, a wealth advisor with Halbert Hargrove in Long Beach, California.

If you find you’re being underpaid, you should be proactive and ask for a raise. It may be intimidating to have this conversation when you’re young and getting started in your career, but that may be the best time to bring it up.

“Sometimes it’s easier to have those conversations at the entry-level positions, rather than when you’re 10 years in and you realize there’s a 20% difference between your pay and a male’s pay. There are bigger dollars then,” Garcia said. “The earlier you can start to have those conversations, the better.”

Now is a particularly good time to ask for a raise or other benefits because employers are making extra efforts to keep good employees.

“If you’ve been sticking with the company during COVID and now realize there’s a pay differential, it’s a great time to use that leverage to go after what you want — that pay or benefit increase. Have that fearless conversation with your boss,” Garcia said.

Having Less in Retirement Savings

Earning less money and taking time off to raise kids makes it more difficult for women to save for retirement — even though their retirement savings needs are usually larger because of their longer life expectancies.

“Because they earn less, they save less,” said Shelly-Ann Eweka, senior director of financial planning strategy for TIAA. “In general, women invest more conservatively, women retire on average about two years younger, and they live on average five years longer than men. It’s all compounding. They have less income and are living longer in retirement.”

TO READ MORE:  https://www.yahoo.com/finance/news/6-obstacles-women-face-while-110029206.html

“Tidbits From TNT” Saturday 10-26-2024

TNT:

Tishwash:  What is the total spending and price of a barrel of oil in the 2025 budget?

The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, specified the expected total spending, the hypothetical deficit, and the price of a barrel in the 2025 budget.

Saleh said, "Next year's budget 2025 will not deviate from the constants approved in the Federal General Budget Law (the three-year budget) submitted by the government and approved by the House of Representatives for the years 2023-2024-2025, especially in the principles and objectives consistent with the government program."

He added, "Despite this, the 2025 budget must be hedged with a hypothetical deficit of 64 trillion dinars, which is a (precautionary) deficit that has been established by law; to avoid fluctuations in the general budget revenues for the coming year, especially oil revenues that are subject to fluctuations in the oil asset cycle and the conditions of energy markets in the world, as long as the total spending ceiling will touch perhaps 200 trillion dinars, depending on the financial and economic circumstances of the country."

He explained that "the price of a barrel of oil in the three-year budget, to which the 2025 budget is subject, was set at $70 and an export capacity of 3.4 million barrels per day for the purposes of determining oil revenues in the general budget."  link

Tishwash:  Is gold in Iraq affected by global prices? Expert explains

 Growing geopolitical tensions are pushing investors towards safe assets such as gold, driven by a desire to protect themselves from risks and instability in global markets. Are gold prices in Iraq affected by global prices?

In this regard, Mustafa Hantoush, who is concerned with financial and banking affairs, confirmed that Iraq is not a gold-producing country, and
its people buy more than they sell due to hoarding and traditions. Therefore, its markets depend on global gold prices in buying and selling.

Hantoush told Iraq Observer, “One of the most important reasons for the rise in global gold prices is the increase in the dealings of countries such as (Russia - China - Belarus) in gold as an alternative to smuggled goods and oil.”

He added, "There is also a trend by the central banks of the world's countries to strengthen their reserves with gold instead of currencies and bonds."

He added, "In addition to the increase in inflation in the equivalent dollar amounts in the US economy, which increases the risks of the dollar and makes investment and savings tend towards gold."

He pointed out that “the scarcity of global gold sources in the face of a large population expansion creates a demand for gold as a result of societal uses such as marriage and others,” explaining that “if there is a rise in gold globally, prices inside Iraq will witness a rise, and if it decreases globally, there will also be a decrease inside Iraq.”

About a year ago, some gold traders resorted to buying dollars and making commercial transfers by purchasing quantities of gold, which enabled them to buy dollars at the official price, and contributed to additional profits through transfers via gold trading.  link

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Tishwash:  Oil: Gas investment project implementation with Total is progressing within the specified timeframe

The Ministry of Oil confirmed, today, Friday, that the gas investment project work with the French company Total is proceeding within the specified timeframes.

A statement by the ministry - received by the Iraqi News Agency (INA) - stated that "Undersecretary of the Ministry for Extraction Affairs, Basem Mohammed Khader, chaired the seventh meeting of the Joint Management Committee for the project, in the presence of Undersecretary of the Ministry for Gas Affairs, Izzat Saber, Director General of Basra Oil Company, Basem Abdul Karim, and Director General of South Gas Company, Hamza Abdul Baqi."
The Undersecretary said during the meeting - according to the statement - that "the progress of the implementation of the gas investment project implemented by the French company Total in Basra is proceeding within the specified timeframes, as confirmed in the government program and the directives of Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani."

The Undersecretary confirmed - after chairing the meeting - that "the project is one of the important and strategic projects on which great hopes are pinned, as it includes important projects, including the development of the Artawi field and gas investment in five oil fields in two phases with a capacity of 600 mcm, each phase 300 mcm, in addition to the seawater project to inject water into the fields to compensate for the depleted pressures, as well as the solar electric energy project with a capacity of 1000 megawatts in four phases, each phase 250 megawatts."

He added, "The meeting discussed several topics, the most important of which is how to start the accelerated gas investment project, which is an additional paragraph for the project that was not included in the obligations, but was added after the directives of the leadership of the oil sector and the government on the necessity of closing the gas flaring file and optimal investment of associated gas, and the project was referred with a capacity of 50 cubic meters."
The statement continued, "During the meeting, the mechanisms for starting drilling operations were discussed, as tenders were referred in this regard, and they will begin after December of this year," noting that "the seismic surveys project was assigned to a Chinese company in cooperation with the Oil Exploration Company."

He pointed out that "regarding the seawater project, there are negotiations with one of the companies in agreement with Total, and we hope to reach understandings in this regard."

The statement explained that "the meeting stressed the importance of the participation of Iraqi workers from graduates and other workers in the project, and this will be through contracting with them directly from Total, without the need for other parties."  link

Mot:  DANG!!! --- Really Windy Here Today 

Mot:  . Self-propelled Dancing Witch's Broom -  https://www.youtube.com/watch?v=mXRDN1k_78E

Weekend News With MarkZ 10-26-2024

Weekend News 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

The CBD Gurus join the stream the first 45 minutes….Then Mark with the news.

Member: Good Morning Mark, Mods and Members

Member: Welcome to the weekend

MZ: Last night Nader talked about that on Tuesday the IQD popped up at .1094….. We are starting to see those fluctuations regularly on forex ect…….to give you an idea of what he saw. Your one million IQD would have gone from about $800 to about $14,000 just like that!!  This is enormous but nothing compared to what we hope and expect….but, it is clear they are testing and priming that system.

Member: Nader said last night- January for RV

MZ: “Washington succeeds in keeping Iraq away from direct war in the region”  there is a serious push to de-escalate after the Israeli attack on Iran. So far they are successful in keeping Iraq out of it. Iraq is pushing however to “up” its air defenses. A lot of their air space is being violated as others go back and forth.

​​Member: I thought I read something on the HCL was going to be voted on this weekend. I don't know if it is true or not.

MZ: Many are hoping for a new speaker of parliament to be elected today and I am hearing HCL may be voted on tomorrow so I am very excited about that potential and possibility.

MZ: “The dollar plunges on the Baghdad stock exchange amid expectations of a bigger drop”  dinar continues to gain on the dollar.

Member: Hearing bonds being paid...?

Member: Wolverine said he knows of 7 whales were paid….fact!!

MZ: It’s possible that someone jumped the gun and they were paid by flippers to banks or countries but my contacts in Reno, Shanghai, Hong Kong and Zurich say they havn’t started paying bonds yet.  

MZ: There are so many rumors running around the bond market, the group market and the Indian nations that this could be the weekend. So much anticipation.  We need to stay calm. The entire world is in a state of flux for the next week or two. Buckle up and continue watching it play out.

MZ: The news is fantastic but, until you and I are at the banks it doesn’t mean a lot right now….except giving us warm fuzzies.

MZ: There is a tremendous amount of expectations from groups and bonds.

Member: My Chase has multi currency ATM displaying on the screen.

Member: MARK MARK Did you see the ad for banknote world willing to take your Dinar and swap it for Zim?

Member: Will you pop on quickly to update us about our redemption? Or will the internet be down ?

Member: Mark always said he will come on anytime day or night to tell us ……and he does not believe the entire internet will be down….just possibly social media.

Member: We were CHOSEN to be here at this time...Have faith...Our day is coming...We will create our new beautiful earth together...Remember Unconditional Love & Peace

Member: Everyone have a wonderful weekend….hoping Mark has to come back on tomorrow to tell us it has RV’d!!!!!

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=W_HQ7OxP8C8

Iraq News Highlights and Points To Ponder Saturday AM 10-26-24

Al-Sudani Directs To Conclude Contracts In Euros

Money and business   Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani directed ministries and governorates to accept offers and bids and conclude contracts in euros, equal to the dollar.

 The Secretary-General of the Council of Ministers, Hamid Al-Ghazi, said in a letter issued to state institutions that Al-Sudani directed the acceptance of offers and bids and the conclusion of contracts in the European currency "Euro", equal to the US dollar, in accordance with the decisions of the Council of Ministers and the instructions issued by the Central Bank of Iraq regarding the US dollar.  https://economy-news.net/content.php?id=49159[

The Central Bank Of Iraq Decides To Reduce Interest To 5.5% In Order To Support Economic Growth

Banks    The Central Bank of Iraq decided to reduce the interest rate from 7.5% to 5.5%, after the inflation rate decreased in Iraq. According to the Ministry of Planning, the inflation rate has fallen from 8% to less than 3%.

Deputy Governor of the Central Bank, Ammar Hamad, said, "Based on the monetary policy orientations to enhance access to targeted inflation rates in a manner that does not conflict with the expected economic growth rates, and is consistent with the policy of developing deposits and increasing credit rates aimed at targeting projects, the Board of Directors of the Central Bank decided to reduce the monetary policy rate to 5.5% instead of 7.5%."

He added that the securities, namely Islamic deposit certificates and traditional transfers, were reactivated according to an annual plan with two terms, 14 days with a return of 4% and 182 days with a return of 5.5%.

He stressed that the maximum investment limit does not exceed 50% of the total private sector deposits at the bank.

The Central Bank stressed that the bank's investment ceiling in a single auction does not exceed 500 billion dinars.   https://economy-news.net/content.php?id=49146

Al-Maliki: The Position Of The Speaker Of Parliament Is Subject To The Political Agreement

Information/Baghdad... Today, Saturday, the representative of the State of Law bloc, Dhurgham Al-Maliki, confirmed that the position of the Speaker of Parliament is subject to the political agreement.

Al-Maliki told Al-Maalouma Agency, "What is required is a political agreement to elect a new speaker for parliament as soon as possible, indicating that the House of Representatives is ready to hold a session to elect a new speaker if the Sunni partners agree to choose one person."

He added, "The success of the parliament session dedicated to electing a new parliament speaker depends on reaching an agreement and consensus among all political blocs."

Al-Maliki called on the national forces and parties to the political process to "continue dialogues and understandings and agree on one candidate to fill the position of Parliament Speaker." LINK

MP: Sunni House's Conflict Over Parliament Presidency Still Ongoing

Posted on  2024-10-26 by sotaliraq   10/25/2024  The representative of the Coordination Framework, Thaer Al-Jubouri, confirmed, on Wednesday, the continuation of the Sunni House’s conflict over the position of Speaker of the House of Representatives, ruling out that the Sunnis would leave the conflict and give the representatives the opportunity to choose whom they see as suitable for the position.

Al-Jubouri said, “The Sunni component has been in conflict over the presidency of the House of Representatives for the past months and has not agreed throughout the past period on a single person to fill this long-vacant position.”

He added, "The Sunni House is unlikely to leave the choice to the members of parliament to choose the person they find suitable from among the candidates for the presidential position."[/size]

He explained that "there are candidates for the presidency of the House of Representatives, and no other figures can be nominated, and therefore it is possible to resolve matters by the candidates agreeing on a specific formula through which one of them withdraws so that the other can be voted on." LINK

MP: Nominating One Candidate For Parliament Presidency Is A Fantasy

2024-10-26 | 606 views  SumerianNews – Special  Considered a member of the CouncilRepresentativesOlive Al-Dulaimi, today, Saturday,dealPolitical blocs agree on one candidate for the position of Speaker of the CouncilRepresentatives"It's a fantasy," she said, stressing that the dialogues are still ongoing to come up with more than one candidate.

Al-Dulaimi said in an interview with:SumerianNews, "The issue of the position of PresidentParliamentIt has become a knot that is not easy to solve, and the reason for that is that the wills of the Sunni and Shiite political forces have become intertwined, and it has become very difficult to agree on a person to be a single representative of these multiple, different and contradictory forces,” noting that “talking about a single candidate for the presidencyParliament"It's a fantasy."

Al-Dulaimi added, "The current days are witnessing dialogues and meetings that we hope will lead to the emergence of even two or three candidates, so that voting on them will be according to the conviction of the members of the Council."RepresentativesAnd choosing the most worthy to lead the House of Representatives.”

The President stressedalliancedeterminationdualSamarrai, Thursday (October 24)the first2024) His alliance calls for not participating in any parliamentary session that does not include the election of a president.ParliamentFor his part

, the head of the Sadara bloc, Khaled Al-Obeidi, considered yesterday, Friday (October 26)the first2024) The Sunni consensus on one candidate for the position of PresidentParliamentA message of strength and cohesion.  LINK

What Is The Total Spending And Price Of A Barrel Of Oil In The 2025 Budget?

Money and business   Economy News – Baghdad  The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, specified the expected total spending, the hypothetical deficit, and the price of a barrel in the 2025 budget.

Saleh said, "Next year's budget 2025 will not deviate from the constants approved in the Federal General Budget Law (the three-year budget) submitted by the government and approved by the House of Representatives for the years 2023-2024-2025, especially in the principles and objectives consistent with the government program."

He added, "Despite this, the 2025 budget must be hedged with a hypothetical deficit of 64 trillion dinars, which is a (precautionary) deficit that has been established by law; to avoid fluctuations in the general budget revenues for the coming year, especially oil revenues that are subject to fluctuations in the oil asset cycle and the conditions of energy markets in the world, as long as the total spending ceiling will touch perhaps 200 trillion dinars, depending on the financial and economic circumstances of the country."

He explained, "The price of a barrel of oil in the three-year budget, to which the 2025 budget is subject, was set at $70 and an export capacity of 3.4 million barrels per day for the purposes of determining oil revenues in the general budget."   https://economy-news.net/content.php?id=49152

Oil: Gas Investment Project Implementation With Total Is Progressing Within The Specified Timeframe

Posted on 2024-10-26 by sotaliraq   The Ministry of Oil confirmed that the gas investment project with the French company Total is proceeding within the specified timeframe.

A statement from the ministry said, “The Undersecretary of the Ministry for Extraction Affairs, Basem Mohammed Khader, chaired the seventh meeting of the joint management committee for the project, in the presence of the Undersecretary of the Ministry for Gas Affairs, Izzat Saber, the Director General of Basra Oil Company, Basem Abdul Karim, and the Director General of the South Gas Company, Hamza Abdul Baqi.”

The Undersecretary said during the meeting, according to the statement: “The progress of the gas investment project implemented by the French company Total in Basra is proceeding within the specified timeframes, as confirmed in the government program and the directives of the Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani.”

The Undersecretary stressed - after chairing the meeting - that “the project is one of the important and strategic projects that have great hopes, as it includes important projects, including the development of the Artawi field and gas investment in five oil fields in two phases with a capacity of 600 cubic meters, each phase 300 cubic meters, in addition to the seawater project to inject water into the fields to compensate for the depleted pressures, as well as the solar electricity project with a capacity of 1000 megawatts in four phases, each phase 250 megawatts.”

He added, "The meeting discussed several topics, the most important of which was how to start the accelerated gas investment project, which is an additional paragraph for the project that was not included in the obligations, but was added after the directives of the leadership of the oil sector and the government on the necessity of closing the gas flaring file and optimal investment of associated gas, and the project was referred with a capacity of 50 MCM."

The statement continued, "During the meeting, the mechanisms for starting drilling operations were discussed, as tenders were referred in this regard, and they will begin after December of this year," noting that "the seismic survey project was assigned to a Chinese company in cooperation with the Oil Exploration Company."

He pointed out that "regarding the seawater project, there are negotiations with one of the companies in agreement with Total, and we hope to reach understandings in this regard."

The statement explained that "the meeting stressed the importance of the participation of Iraqi workers, graduates and other workers in the project, through contracting with them directly from Total, without the need for other parties."  LINK

Seeds of Wisdom RV and Economic Updates Saturday Morning 10-26-24

Good Morning Dinar Recaps,

CROSS BORDER PAYMENTS: CITI SPOTLIGHTS DLT. FSB REPORTS ON G20 PROGRESS

During the past week Citi and the Financial Stability Board (FSB) have published separate reports on cross border payments. 

Both papers explore G20 targets for improving cross border payments. Unfortunately, 2024 speed figures were worse than 2023 for wholesale, retail and remittance payments, largely reflecting more accurate data.

Citi’s report highlights that fintechs expect to gain 10% in market share from banks in the next two to five years. Its survey shows that DLT is one tool to address the pain points, but more in the medium term.

G20 cross border payment speed bumps
The G20’s targets for 2027 are multifaceted, including improving speed, cost, transparency and access. After improvements last year, the speed statistics have gone backwards in 2024. For wholesale payments, this has more to do with some calculation changes by Swift. The others seem to boil down to more accurate data in 2024.

For example, 99.6% of North American B2P payments settled in one day in 2023, but the figure collapsed to 46.3% in 2024. Similarly, in South Asia, the one day figure went from close to 100% in 2023 to just over 20% in 2024. The explanation for the American figure was that far more payment providers shared speed data compared to 2023. However, the data reported comes from less than a quarter of payment providers. That could mean as more providers share data, the statistics might get worse.

Given stablecoins are becoming more user friendly, we’d observe that retail figures like those in the table could drive greater adoption of stablecoins, unless banks and payment service providers move faster.

The role of blockchain and tokenization
Numerous blockchain initiatives are in progress to address some of the challenges highlighted by the FSB report. Examples include the BIS Project Agorá with seven central banks and 40 institutions which aims to re-engineer correspondent banking using tokenization. 

In Asia, mBridge involves five central banks and is already at the minimum viable product stage. It links to banks, but aims to remove the need for correspondent banks.

In the private sector there’s Partior, a joint venture involving DBS, JP Morgan, Standard Chartered and Temasek with similar goals to Agorá. Plus there’s the Regulated Liability Network, which was originally conceived by Citi. Several more of these solutions are explored in our report on tokenized deposits and bank stablecoins.

Citi aims to make a direct contribution on the wholesale front with the launch of its Citi Token Services. However, the solution is not particularly promoted in the report, which briefly covers stablecoins, tokenized deposits and CBDCs.

The authors state, “We believe, efficiency features such as always on operability, atomic settlement and programmability could be embedded into tokenized forms of money to address pain-points of cross-border payments.”

However, it acknowledges that because today’s infrastructure works at scale, building new rails is not a priority and is also disruptive. It requires ‘deep commitment’ from institutions to lean into something like tokenization. However, future requirements will require substantial changes.

DLT can help liquidity demands
One of the requirements explored in the report is the liquidity demands of 24/7 payments. Before the advent of real time payments, liquidity management could be more passive. Now liquidity and credit availability need more attention to prevent failed payments.

“Blockchain or tokenization is also a key solution for liquidity management in enabling the pooling of a client’s or bank’s liquidity buffers, leading to optimized allocation of capital, reduced counterparty risk, and faster settlement times.” In fact, that’s precisely the goal of Citi Token Services for Cash which enables institutions to move money between Citi branches 24/7.

While the wholesale segment dominates cross border payments, the Citi report also highlights the growth potential in the non-wholesale segment, which could grow by almost 50% between now and 2030. However, if banks don’t move fast, a large part of that could go to fintechs, perhaps even stablecoins.

@ Newshounds News™

Source:  Ledger Insights

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CARDANO TO LAUNCH FIRST PERMISSIONLESS LAYER 2, OUTPACING ETHEREUM

Cardano is set to unveil its first permissionless Layer 2 (L2) solution, positioning itself ahead of other blockchains like Ethereum. The announcement was made during the Cardano Summit 2024 in Argentina, where Philip DiSarro, CEO and founder of Anastasia Labs, detailed the forthcoming launch of Midgard, an optimistic rollup designed to enhance ADA’s scalability and functionality.

DiSarro highlighted the unique advancements of Midgard via X, stating, “Not a single blockchain has managed to achieve true permissionless general purpose rollups. At the end of the day, the top ‘L2s’ in the blockchain space right now are all custodial multisigs.” 

He emphasized that existing L2 solutions predominantly rely on custodial multisignature schemes, which introduce centralized elements into the otherwise decentralized blockchain environment.

Cardano Is Ahead Of Ethereum, Solana And Sui
Midgard distinguishes itself by inheriting the full security of Cardano’s Layer 1 (L1) through several innovative features. In contrast to Ethereum’s L2 like Arbitrum, Optimism and Base, Midgard operates without a centralized sequencer, challenge response proofs, multisignatures, or custodians.

 Instead, it utilizes a permissionless operator set, trustless fraud proofs, and trustless deposits and withdrawals, ensuring that the inbox and outbox mechanisms remain fully censorship-resistant.

Via X, DiSarro highlighted Cardano’s unique local state Extended Unspent Transaction Output (EUTxO) architecture. “This is all made possible by Cardano’s unique local state EUTxO architecture. UTxO contention, small block size, local state, transaction determinism— all of these ‘problems’ may have led you to question why these design choices were made. Midgard aims to show you that these are actually not problems at all.”

The founder Anastasia Labs also further argued: “In fact, quite the opposite; they are extremely powerful properties that, together, provide unique value that simply does not exist in any other ecosystem. These are, in actuality, the core pillars that make Midgard even possible in the first place,” DiSarro explained.

Midgard’s architecture purportedly leverages the inherent strengths of ADA’s design, making it unfeasible to replicate on other blockchain platforms such as Ethereum, Solana, or Sui. DiSarro asserted, “You cannot build Midgard on Ethereum, Solana or Sui. It is a protocol that is only possible on Cardano.”

The impending launch of Midgard is anticipated within the next few months, with DiSarro confidently predicting its impact: “True rollups, L2 protocols that inherit the full security of the L1, are coming in the next few months. Our optimistic rollup, Midgard, is a first of its kind permissionless rollup.”
The announcement garnered attention from within the ADA community and beyond. Danogo, operating the first decentralized exchange (DEX) trading Optim Bond tokens on Cardano, referenced DiSarro’s presentation on the Cardano Summit: 

“Only on Cardano you can have a new generation of Rollup that is permissionless! There is no multi sig that controls the Layer-2 like on Ethereum! Even Vitalik recognizes that now. […] That inherits full security from L1. And Cardano will have the first L2 that is fully permissionless in a few months!!!!”

Furthermore, Charles Hoskinson, the founder of Cardano, responded to the discourse with a meme on X stating, “This guy gets it,” signaling endorsement of DiSarro’s vision and the potential of Midgard.

@ Newshounds News™

Source:  Bitcoinist

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🌱 THE CONSTITUTION CALL WITH SILVER 57 JIM. LOWTIDE, R JAX AND MASON GREAT INFO - DID YOU KNOW?  |  Youtube

Replay of the Constitution Live Call from last night October 25, 2024 with guest speaker Mason.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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