FRANK26….10-30-24……YOU HAVE NO IDEA

KTFA

Wednesday Night Conference Call

FRANK26….10-30-24……YOU HAVE NO IDEA

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=ZaNVtLh6AEc

Some Iraq News Posted by Clare at KTFA 10-30-2024

KTFA:

Clare:  Monetary policy rate and reactivation of securities

October 30, 2024

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 ratios aimed at targeting projects, relying on following the approach based on data obtained from the banking sector .. For more click here

https://cbi.iq/news/view/2703

Clare:  What does the closure of the Central Bank platform at the end of the year mean? The Association of Banks explains

10/29/2024  Erbil -

The head of the Iraqi Banks Association, Ali Tariq, said that closing the electronic platform at the end of this year will not affect businessmen and the market for a long time, as they will quickly adapt and the market will return to normal, and the foreign trade process will be enhanced through correspondent accounts, adding that Iraq has 6 banks that have American correspondent banks, and 15 banks that have correspondent accounts with other countries to deal in different currencies.

 Ali Tariq - Chairman of the Iraqi Banks Association, during his attendance at the MERI Conference in Erbil, told 964 Network :

The platform will stop working at the end of 2024, but that does not mean that foreign trade financing will not be enhanced, whether in dollars or other currencies, but the working mechanisms will be different. Previously, the platform compensated banks that did not have correspondent accounts with American banks for the purpose of enhancing the dollar currency. After this year, all transfers will be through correspondent accounts, so the transfer capacity for dollars will be for banks that have correspondent accounts only.

Other currencies will be for banks that have accounts in the country that has that currency. For example, for the euro, the bank must have a correspondent account in a European bank, capable of completing transfers.

Therefore, the platform's downtime is not a cessation of work, but rather a transition to new work mechanisms.

There will be some changes in the market but they are temporary because businessmen have to adapt to the new mechanisms that are within international standards.

We have 6 banks that have accounts in US banks, which will be able to transfer in dollars, and other banks that will cover other currencies.

More than 15 banks are able to transfer, as they have accounts in the main countries from which Iraq imports, such as the Emirates, China, India, Turkey, and the Euro, and there are other currencies.  LINK

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Clare:  Announcement of the auction of the Central Bank of Iraq’s remittances, numbered (B319), with a term of (14) days

October 30, 2024

We would like to inform you that the Central Bank of Iraq’s remittance auction numbered ( B319 ) has been announced with a deadline of (14) days, and the auction execution date will be on Sunday, 11/3/2024, according to what was published in the Central Securities Depository System ( CSD ) and our circular numbered 371/34 on 10/24/2024, and traditional banks can participate and submit starting from the date of publication of the announcement until the execution day.

* Note that the data used to determine the investment size (50% of private sector deposits) is according to the form dated 10/17/2024, which was submitted during the period 10/20-23/2024 via the BSRS system .

https://cbi.iq/news/view/2702

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Clare:  Officially.. Parliament elects its Speaker tomorrow (document)

10/30/2024

The Iraqi Parliament published the agenda for tomorrow's session, Thursday, and allocated it to electing a new speaker of the parliament, to succeed Mohammed al-Halbousi, whose membership ended about a year ago.

Last Wednesday, October 23, six Sunni forces, led by the head of the Progress Party, Mohammed al-Halbousi, identified two paths to decide on the election of a new speaker of parliament, after a stalemate that lasted for 11 months.

This came in a joint statement by (Progress, National Masses, Al-Hasm, Iraqi National Project, Al-Sadara, and Al-Mubadara).

According to the statement, these forces confirmed that there are two paths and no third, the first is that all competing parties withdraw their candidates, and that all national forces present commit to supporting the candidate (Mahmoud Al-Mashhadani), who has received the support of the Sunni parliamentary and political majority.

The second option, according to the statement, is to take legal measures in the House of Representatives to nominate a new candidate from the Sunni political majority, supported by a large parliamentary majority, to preserve the right of the Sunni majority to nominate their representative for this position.

On Monday, October 28, the Coordination Framework for Shiite Forces announced an agreement to hold a session to elect a new Speaker of Parliament tomorrow, Thursday.   LINK

Clare:  Qusay Saddam seized $900 million and loaded it in trucks in 2003 - Central Bank Governor

10/30/2024

The Governor of the Central Bank, Ali Al-Alaq, said that the lessons are now sufficient for the state to move towards setting a “strict and conservative” oil price in the general budget, to avoid the pressure of declining crude prices, calling for the enactment of a law that sets the size of spending with a specific oil ceiling to ensure its coverage on the one hand, and to ensure the financing of investment projects on the other hand, noting that the three-year budget needs some new tables and amendments in line with the variables of oil prices.

Ali Al-Alaq, in an interview during the Merry Forum, followed by the 964 Network :

The role of the Central Bank cannot be reduced to the currency selling window and some marginal tasks. It is a fundamental pillar of economic and financial stability in the country. Here we must highlight a number of achievements since 2004 until today, the most important of which is maintaining the general price level, meaning the ability to manage the monetary mass in Iraq, in a way that does not lead to inflation or deflation.

After 2003, we inherited an abnormal situation devoid of any real basis for stability. Our reserves that year were $900 million, and they were seized by Qusay Saddam Hussein and loaded onto a truck. This is documented by dates and numbers. So we started from scratch. The money supply in circulation was only 4 trillion dinars. Today, the volume in circulation exceeds 100 trillion dinars, and our reserves have exceeded 100 billion dollars.

The inflation rate today is 3.8%, which is a typical rate that achieves stability and prosperity. It is an indicator of our ability to manage a monetary mass exceeding 104 trillion dinars, which does not allow pressure on purchasing power, and this is considered the most important factor in monetary and economic stability.

We have an additional mission, as we have to introduce all the tools, systems and entities that we have failed to catch up with the world with during the previous decades, and therefore there is a race against time to move towards the digital economy and advanced payment systems, as we have licensed 16 companies for electronic payment, and we are currently working on licensing digital banks, in addition to achieving advanced stages in establishing a national company for managing payments, and the Central Bank will be a partner in it to enhance it with sufficient support.

As for the reform dimension, we are currently working on two plans to reform government and private banks, which will lead to their restructuring in a way that ensures transparency, governance, and ownership structure in appropriate ways, to be consistent with international standards.

The last dimension of our work, which is not practiced by most central banks in the world, is that we work to stimulate the economy directly through lending initiatives to various sectors. The volume of loans granted to the construction and industrial sectors has reached more than 13 trillion dinars, an amount that exceeds what has been lent throughout the history of the Iraqi state. In addition, we have sought to launch initiatives to lend to small and micro-enterprises, and we have reached advanced stages of establishing a bank specialized in this initiative, and we have named it “Riyada” Bank.

We noticed that the inflation rate in 2023 was 7.5%, as the volume of issued currency jumped from 40 trillion to 100 trillion dinars, meaning that it increased in two years by an amount equivalent to its increase in the previous 18 years, and therefore we decided to withdraw part of the cash liquidity by raising the interest rate and attracting trillions of dinars from the market, although this measure is costly, but the Central Bank does not base its policies on profit and loss, but rather on the basis of performing its main function of controlling the market.

The increase in public debt is a result of the budget deficit, which is the result of increasing spending without increasing revenue. Over time, spending has become inflexible and cannot be reduced, such as the salary bill and others, and this causes a structural imbalance in the Iraqi economy.

The idea of ​​the three-year budget is in effect in many countries of the world, and we decided to move towards it in order to ensure stable implementation, although it requires the issuance of some tables and amendments to address some variables, such as oil prices, for example.

The fiscal year will end and the oil price rate remains within our estimates in the budget, but the lessons have become sufficient for us to set a conservative oil price so that the state does not face economic pressure with the fluctuations of the global oil market. Therefore, a law must be passed that sets the share of expenditures from oil revenues with a certain ceiling, in order to ensure that it is covered on the one hand, and to ensure that the financing of investment projects that are exposed to blows with every drop in oil prices is not disrupted in order to cover the expenditure ceiling.   LINK

Bruce’s Big Call Dinar Intel Tuesday Night 10-29-24

Bruce’s Big Call Dinar Intel Tuesday Night 10-29-24

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It's Tuesday, October 29TH  and you're listening to the big call. Thanks everybody once again for joining us tonight – wherever you're located all around the globe. You could be anywhere, because our call gets out to an average of over 18 or 18 and a half million listeners every Tuesday and Thursday night, and we're pleased to have the satellite team that gets the call transmitted over the Star Link satellite system with permission of the United States Space Force.

So thank you for that, and thank you everybody that's tuned in through free conference call, and those of you – and you know who you are, to listen to the big call on the replay, either through the replay link or using the replay number to dial in.

So we're pleased that you're listening however you're getting us and that we can, we can get it out. And I have a lot of important things to share tonight - and I know Sue does, and Bob does as well. So let's do this. Let's pray the call in like we do every Tuesday and Thursday night, and we'll take it from there.

So let's see where we are Intel wise. I'm really excited about this Intel segment, so I'm gonna try the best I can to remember it all and to get it out to everybody. Okay, first of all, let's talk about what I've heard from a really one of our better, one of our best sources out of Iraq. All right, let's go back –

Now - Remember, you guys, the Forex has all the currencies that are more or less, more tradeable, currencies that are being exchanged being traded on and it is up all week long, and goes down at five o'clock on Friday so that they can settle trades that have taken place all week.

And then it comes back up 48 hours later, at five o'clock on Sunday evening. And we see that and we talk about the fact that during that time is something is when new currencies or changes in the rates would come up at five o'clock – or later - on Sunday.

Now we know the Forex can show currencies on any day, any given Sunday, so to speak, anytime other have to be on Sunday at five, but we know that Iraq's first business day of the week is Sunday, and we know that they had  at a new tradable dinar that came up on Sunday at five, and that that currency Since last Sunday was being traded and use for purchases in six countries in the Middle East since Sunday.

So I don't know exactly what the dinar rate is for trading purposes. But you guys might remember years ago, they talked about the Iraqi dinar would be a regional currencies. And there are other currencies that are going to be used regionally, and the dinar was going to be the one that was going to be used in the Middle East, that is, and it will be, at least, for some period of time.

I don't know for how long, really, don't I   Because realize this -  every country is sovereign now, and there are no more central banks around the globe that are being referred to as sovereign banks, like the CBI Central Bank of Iraq is now the sovereign Bank of Iraq. So that's a very positive thing. There's a gentleman named Alok A L, A K, and he was the head of the CBI, which is now the SBI, the sovereign Bank of Iraq.

Okay, so that's a nice, positive move. Well, A Lak - and we believe this is what we believe has happened, ALAK and let's see who the president of Kurdistan, which is the – and I cant think of his name -  is the prime minister of Iraq, which is sudani and Barzani. Thank you, Lord. Barzani is the president of Kurdistan. Kurdistan is a province, but it has its own regional government called the KRG Kurdistan Regional Government.

So at least these gentlemen, if not more, were on a call (with  XXXX – mentioned on live call) who hold these people on a call today – he was suggesting it is time for the healing to begin. Time for healing to begin. And he was suggesting in that call  that we would start the RV Wednesday - the 30th of October, which is tomorrow,

Now that’s what  we've heard from very strong sources in Iraq that have spoken to people who were aware of this, of this call that took place, and we know that some of these people were here  a few weeks ago, pretty much had gone over everything that they needed to talk about -  and we know that some are on their way here now and may already be here, and we Just have that information, I won't get deeply into it but that is really positive for us.

So Iraq, we've always said, was the linchpin to this whole thing going and that we were sort of dependent  upon them getting things done -  the good news is, since Sunday, this past Sunday, the government  of Iraq has paid using the newly revalued dinar back salaries, back pay – we think  contractors as well as retirees at the new dinar rate -  and They have that in their debit cards that they could see and go into and spend.

And obviously, if it's in the United States, which we know some people that are Iraqi Americans, they get the amount and it's converted into dollars.

When is our USN  supposed to show up? We know that our new USN currency, which we, which I call folding money, that goes into wallet money clips versus that is at redemption centers, and has been for a couple of years now, our new money which has nothing about the Federal Reserve on it. It's a US Treasury note, USTN - okay, that is in the redemption centers waiting for us to go and get some new cash if we want it. The new Cash Money. So it's there. It's in place.

So whenever it is that we're to start exchanges and redemption of Zim, that's where that new money would be available to us. The banks should be about the same time. The banks will have it about the same time that we only for our exchanges. In fact, our All right, let me get this right now. --  when we go for our exchanges, we're supposed to have the  notification of- what it's called right now, the system,

The system that’s supposed to get the messages out -  the Emergency Broadcast System, thank you, EBS, E, W S, -  e, w, s, -  EBS -, Early Broadcast System, E, A, S, Emergency Alert System, which is on our phones, - and EWS -  the Emergency Wireless System.

 So those three are going to be connected and used to get out information that will essentially give us cover for when we go in for our exchanges. It should be happening. What I've heard today was it should be simultaneous with the start of our appointments and redemption. It should be at the same time. So we'll look forward to that, that happening

Now – the other thing that we have heard is regarding emails. One of the people that is a contact for us that works in a redemption center had a 12 hour day to day. He was waiting on an email to arrive at eight o'clock tonight. That would have been an hour before the big call started  - and he received that email and had to forward it to three other  redemption centers in his area,  I’m sure  this happened all over the United States.

 This was not a one off. This was something that would have happened all over the country, and maybe in Canada as well. We don't have that confirmed, but I can believe that it probably did go that way.

So what's interesting about it is was  the email was to contain information about tomorrow, around 11 o'clock in the morning. And I don't know if that means a start for us, if that’s when 800 numbers are to go out, but I think it's highly possible that we do get started in some form or fashion tomorrow.

 I believe that was the plan  -  to go into effect now, and that's what the call was with Iraq -  And I believe that decision was set for us to get started tomorrow. And so I'm looking forward to that happening now.

 Does it mean we get numbers? And I said numbers and set appointments? Do we get numbers? Set appointments and  start exchanges, I think it's most likely that we would set appointments for Thursday. I'd say Charlie  Ward’s  Thursday, but that's what it would be Thursday, if we get numbers tomorrow, as indicated - and that we set our appointments tomorrow and go quite possibly starting Thursday, and we'll go right through at least the first 15 or 18 days of November.

 Now it's interesting, as (XXX) said that the healing needs to begin now or tomorrow, essentially, is what was said. The healing needs to start tomorrow, and we know that's going to provide healing in terms of the fund, the funds coming in to heal our land, and heal each other --  everything that we have projects to do all of that. So I'm excited about that possibility. I'm very excited that this is it, that this will happen.

It's not absolute. I hate to say what kids used to say with kids saying same, 100% two words, two things that they say, same  and 100%

I find myself saying that occasionally. So it's not just but what I find interesting is this is what we've been waiting for  and what I was eluding to earlier was I believe this is the time, this same Yes, to our dreams -  our plans, to our projects, to our future – and I am excited about it as usual, and as you should be as well.

Then there's an expression I'm not a fan of, just wait and see, or let's see what happens – all of that we know  - we've heard that forever, and I'm gonna have to say we're gonna have to see what happens tomorrow to find out.  

I don't know that there's any reason to go into too much with anything regarding redemption centers. We know that rates on the redemption center screen are populating -, and that means they're going up, and we know that we have fixed rates on the bank screens.

The Redemption center screens are what we're going to work off of, and it's going to be, I think the rates themselves will be so good, it'll blow us away - especially the contract rate on the Iraqi dinar. They should offer that to us, not at the banks, but only at the redemption centers. Okay, just so you know the difference. So I hope everyone is prepared for this event -  

Thank you Jeannie -  GCK  and everyone in big call universe that has been listening to the big call for 13 years. Thank you for the satellite team or sat in my column that has been getting the has been getting the call out, and doing such a beautiful job to get the call out to everyone, all over the globe, by picking my system, that's been a very beautiful and wonderful thing. So I am going to find my phone and getting the recording then or so, and we'll do that as soon as I can find it. I did this the other day.

All right? What else do I want to say? it's been wonderful to have the opportunity to share with you guys all this time. I really think it's special that we've had the opportunity to do this call to have a platform to get the word out. I appreciate you guys. I appreciate that - and I'm just gonna turn the recording off  -

Bruce’s Big Call Dinar Intel Tuesday Night 10-29-24  REPLAY LINK  Intel Begins 1:13:23

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHsb8

Bruce’s Big Call Dinar Intel Thursday Night 10-24-24  REPLAY LINK  Intel Begins   1:13:50

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHsBG

Bruce’s Big Call Dinar Intel Tuesday Night 10-22-24  REPLAY LINK  Intel Begins 1:15:35

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHsfi

Bruce’s Big Call Dinar Intel Thursday Night 10-17-24  REPLAY LINK  Intel Begins   1:18:55

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHs9n

Bruce’s Big Call Dinar Intel Tuesday Night 10-15-24  REPLAY LINK  Intel Begins 1:11:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHsjO

Bruce’s Big Call Dinar Intel Thursday Night 10-10-24  REPLAY LINK  Intel Begins   51:11

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHgVk

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

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHgEt

Bruce’s Big Call Dinar Intel Thursday Night 10-3-24  REPLAY LINK  Intel Begins   1:08:08

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHgTi

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

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHgB5

More News, Rumors and Opinions Wed. Afternoon 10-30-2024

MikeCristo8: US Treasuries are Being Recycled into Gold

Tuesday Oct. 29, 2024

I don’t think it’s a gold reset.

I think it’s a Commodities exchange are the real BRICS currency.

*SILVER
*PLATINUM
*COPPER
*PALLADIUM
Corn
Grain
Wheat
Soybean

The fiat system is collapsing. China is selling.

Basically mbridge just shut down the dollar through SWIFT. So the BIS is blocking non-dollar payments.

This is what the New Development Bank is for. To Override SWIFT.

Basically mbridge is blocking all dollars from flowing to the BRICS countries.

Mbridge was always going to be a tool to shut down the dollar in global finance. The BIS is just now figuring it out.

https://www.bloomberg.com/news/articles/2024-10-28/bis-debates-ending-project-eyed-by-putin-to-undermine-dollar

BRICS trade. It’s a barter system. You’re trading commodities & goods which can then settle with local currencies at an agreed upon change rate.

BRICS doesn’t have a bond market, don’t need one.

The G7 currencies will fail because the world is no longer trading credit.

This is important. U.S. Treasuries are being recycled into gold.

From @LukeGromen: "Gold has diverged v. oil, v. 10y US real rates, v. LT UST futures, v. western gold ETF inventories, and v. the USD, and yet western consensus continues to miss what is happening here: BRICS net surpluses [more than $780 billion in 2023] are being recycled into gold. How high will gold prices be when western consensus finally understands this?"

Janet Yellen is setting up the banks as the fall guy for when this goes down.

Bloomberg Markets:  US Treasury Secretary Janet Yellen said that fraud in the banking system is becoming a huge problem

https://dinarchronicles.com/2024/10/29/mikecristo8-us-treasuries-are-being-recycled-into-gold/

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

Walkingstick This base currency they are now teaching the Iraqi citizens about in the hybrid monetary plan is considered the domestic currency which is the IQD.  In this case the lower notes that will be coming out.  Base currency means the Iraqi dinar it is a first currency in a currency pairing...The IQD will be the dominant currency in Iraq and on the Forex due to its pairing.  That step is the float to reach the real effective exchange rate. 

Frank26  [Iraq boots-on-the-ground report]   FIREFLY: Mr Sammy [FRANK: Who runs one of the banks in Iraq] said all that is needed at this point is a new rate to push forward the remaining things.  The budget has not been released yet but it will be.  Then the HCL also needs to be voted and we need the Speaker of the House.  All of these things are working together.  To see that budget and the HCL we're going to need to see the Real Effective Exchange Rate.  FRANK:  The Real Effective Exchange Rate will come when it starts to float.  That's part two of the 'hybrid monetary reform plan'. Part One is to give you purchasing power.  I agree with Mr. Sammy...there are major events that are coming to an intersection that will collide with great force for your new exchange rate and currency.

Fed Is ‘Too Powerful, Too Prominent, Too Political’, Why Dollar Needs Gold Link Back – Judy Shelton

Kitco News:  10-29-2024

Dr. Judy Shelton, former economic advisor to President Donald Trump and author of Good as Gold: How to Unleash the Power of Sound Money, warns that America’s growing debt and dependence on fiat currency could erode global trust in the dollar.

 In an interview with Jeremy Szafron, Anchor at Kitco News, Dr. Shelton presents her bold vision for a financially stable America. She critiques Federal Reserve policies, pointing out that they have driven wealth inequality and fueled inflation. Dr. Shelton advocates for a return to sound money by restoring some link between the U.S. dollar and gold.

She explains how Treasury bonds convertible to gold could offer a solution and reinforce the dollar’s position as the global reserve currency.

00:00 - Coming Up

2:02 - Introduction: Good as Gold - How to Unleash the Power of Sound Money

 6:32 - Dollar’s Decline

9:47 - Federal Reserve’s Power

17:22 - Fed Reform?

23:42 - Why Gold

29:17 - Lessons from the Past: Classic Gold Standard vs Bretton Woods

 37:02 - Proposal Gold-Convertible Debt Securities

44:12 - De-Dollarization

52:27 - Inflation Target Debate

57:12 - Fiscal Responsibility

https://www.youtube.com/watch?v=lLBkVdOK4_I

The Reverse Repo is Draining to Zero (finally)

Heresy Financial:  10-30-2024

IMECODES

0:00 Intro

 0:08 Reverse Repo is Draining Again

1:24 What is the Reverse Repo Facility

4:48 T-Bills

5:53 The Fed Pivot

7:35 Federal Reserve Balance Sheet

10:43 What the Fed is Planning

https://www.youtube.com/watch?v=XrDhRfM6ibg

Bankers Likely Secretly Buying Gold and Silver

Bankers Likely Secretly Buying Gold and Silver

Liberty and Finance:  10-29-2024

In the ever-evolving landscape of finance and economics, the conversation around sound money—a term most commonly associated with tangible commodities like gold and silver—continues to gain momentum. Recently, Dunagun Kaiser and Patrick Holland joined the informative platform Liberty and Finance to delve deeper into this crucial topic, exploring both its historical significance and its contemporary relevance within the United States.

The discussion begins with an exploration of sound money’s rich history. For centuries, civilizations around the world relied on precious metals as a basis for their currencies. The intrinsic value of gold and silver made them a reliable means of trade, instilling trust and stability in economic systems.

Dunagun noted that sound money encompasses not just a form of currency but a broader philosophy about financial integrity and wealth preservation.

Kaiser and Holland articulated how this philosophy stands in stark contrast to fiat currencies—government-issued money that lacks intrinsic value and is not backed by physical commodities. Fiat currencies are prone to inflation and devaluation, leading to economic instability for individuals and nations alike.

By returning to sound money principles, the duo argues that societies can reclaim economic trust and promote sustainable growth.

As the conversation shifted to the current state of the sound money movement in the U.S., Holland highlighted notable efforts spearheaded by various states, including Texas, Florida, and Missouri. These states have emerged as champions of sound money legislation, advocating for measures that recognize and promote the use of gold and silver as legal tender. Their proactive stance serves as a model for other states seeking to implement similar initiatives.

One crucial aspect of this movement is the recognition of the importance of local legislation in protecting and promoting sound money principles. Grassroots efforts and state-level initiatives have the potential to create significant shifts in national policy. Holland emphasized that while federal frameworks impose certain restrictions, empowered states can serve as laboratories for financial innovation and reform.

During the dialogue, the advantages of a gold standard were explored. By anchoring currency to a tangible asset, a gold standard ensures a more stable economic environment. Kaiser and Holland discussed how this system facilitates predictable, measured inflation rates, which can foster better long-term financial planning for individuals and businesses alike.

Furthermore, a return to a gold standard can curb excessive government spending and debt accumulation. When currencies are not tied to tangible assets, there’s a temptation for governments to print money in times of crisis, leading to a corrosive cycle of debt. A sound money approach reinforces fiscal discipline, promoting responsible governance and economic integrity.

The discussion also touched upon the global landscape, where a notable trend has emerged. Central banks around the world are increasingly accumulating gold. This behavior suggests a growing recognition of gold’s value as a hedge against economic uncertainty and inflation. Kaiser pointed out that as global economic conditions become more volatile, the demand for sound money principles may increase exponentially.

The implications of this trend could be profound; a resurgence of interest in gold could signal a shift in how financial markets operate. Countries are beginning to reconsider their monetary policies, reflecting a broader acknowledgment of the benefits of sound money—something that advocates like Kaiser and Holland find encouraging.

In conclusion, the Liberty and Finance discussion underscored the critical importance of grassroots movements in reclaiming financial sovereignty. By fostering state-level initiatives and encouraging local leadership, advocates of sound money can facilitate broader changes in how currency is perceived and utilized.

As individuals become more informed about the different forms of money and their implications, societies can start to demand change. The journey towards sound money is not just a policy shift but a cultural one—an awakening to the importance of financial integrity in building a resilient and prosperous society.

As Dunagun Kaiser and Patrick Holland demonstrated through their insights, the sound money movement is not just important for today, but vital for the economic futures we wish to create. It’s a call to arms for investors, consumers, and policymakers alike to become advocates for a monetary system rooted in value, reliability, and trust.

https://youtu.be/HlLdY0D-ChM

https://dinarchronicles.com/2024/10/29/liberty-and-finance-bankers-likely-secretly-buying-gold-and-silver/

“Coffee With MarkZ” Wednesday Morning Chat 10-30-2024

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:Attention On Deck, The Captain Is Taking The Bridge

Member: Good Wednesday morning to you all….

​​Member: Some say today is the day. Although, they have said that at times for months.

Member: What have you heard Mark?

MZ: Put of Iraq- “The price of monetary policy and reactivation of securities”   The CBI is letting us know growth rates are out stripping inflation. And they are reactivating securities in the country. This means we are watching the white paper reform ( Financial reforms) and the restructure of their monetary system so they can revalue the dinar and restore it to its status in the world and to lift all Iraqis up with increased purchasing power.

MZ: “KDP admits the difficulty of resolving the election of a new speaker of the Iraqi Parliament tomorrow”  They may not get their speaker tomorrow. The Sunnis are fighting it. But they do expect to have a spealer sat in the next few days. Is this important? I have someone in the Finance Ministry who believes it is important. ..

MZ: “Customs announces a significant increase in revenues from the Trebil Port after linking it to the AYUSCUDA system” This big increase is because they have gotten rid of the ability of individuals to dip their fingers in the honeypot/cookie jar…..the cookies stopped disappearing when they put in the child safety lid…... Tarrifs and customs are coming in at record levels.

Member: Iraq, Iraq, Iraq I hope to never hear that word again after this passes. Is anyone else with me?

Member: Also the words Close, Imminent, Soon and Anytime

Member: Iraq is probably just as frustrated as we are.

Member: Iraq is probably waiting for the elections like us –so they know who they will be dealing with in the future.

Member: Can Iraq go very long with the new policy of not letting any more than one million dinar leave the country now per person?

MZ: No- not really …I don’t think they can very long now that they are shutting down the auctions …they have to bring in money from other countries until the dinar is more powerful.

​​Member: What about your bond holder? Is he liquid?

MZ: I am hearing “crickets” from the one bond holder that was supposed to have dollars by today. I am not too surprised…..either he is trying to figure out where it’s at…or he got it and went quiet. My suspicion is he has not been paid yet or does not have full access yet. .

Member: Bond folks are in the same position as we are. Waiting for the trigger

MZ: I totally agree

Member: Hello, my name is Bond….Paid Bond…..lol

MZ: Shaken or stirred?

Member: Any Redemption center news?

MZ: They are still waiting and still hopeful . My contacts who have been trained in exchanging foreign currencies (specifically the currencies we hold)  also work in wealth management. They all know there will be a sudden injection of wealth. They are prepared and ready and just as frustrated and irritated as you and I are.

Member: Wolverine says money on the way!!

Meber: 6 days until the election…maybe after things settle down the RV trigger will be pulled.

Member:  MarKZ I know you told us it would be crazy toward the end but damn!

Member: Here we are Still Standing after all they have done …That is victory… We are Champions …We are winners …Standing at the scrimmage line for our blessings WWG1WGA

Meber: We were CHOSEN to be here at this time...Have faith...Our day is coming...We will create our new beautiful earth together.

Member: Have a great day fellow RV’ers……I’m praying we are at the end of this journey!

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

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

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

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

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

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

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

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

Youtube:     https://www.youtube.com/watch?v=3H8y9sGREqY

Seeds of Wisdom RV and Economic Updates Wednesday Morning 10-30-24

Good Morning Dinar Recaps,

HBAR ADOPTION EXPANDS AS DUBAI LAUNCHES DIGITAL WILL SOLUTION ON HEDERA

▪️Unlike traditional wills that manage physical assets, the DIFC Courts have chosen Hedera for its reliability, security, speed, and trust, ensuring a transparent process.

▪️This initiative underscores Dubai’s strategic approach to establishing a sustainable digital asset infrastructure and regulatory framework.

The Dubai International Financial Centre (DIFC) announced its integration of Hedera’s Hashgraph technology which will power a new Digital Asset Will inheritance solution.

This initiative is distinct from the traditional FinTech focuses like tokenized assets and payments. Thus, it marks a unique application of distributed ledger technology (DLT) in estate planning, especially for digital asset inheritance.

Managing digital assets in inheritance is a new challenge, unlike conventional wills that distribute stocks, cash, and gold. As a result, the DIFC Courts have chosen Hedera’s technology for its reliability, security, speed, and, most importantly, trust. 

Moreover, the governing council of Hedera provides the DIFC and beneficiaries a complete peace of mind via a trusted, transparent process.

Some of the key features of Hedera like the Hedera Consensus Service (HCS), have played a crucial role in offering audit trails at every step along with accuracy. 

This helps to ensure the correct management of inheritances. For example, HCS’s real-time audit logs prevent mistakes in transferring assets, safeguarding beneficiaries from potential delays or errors.

The DIFC’s move highlights Dubai’s forward-thinking strategy in building sustainable digital asset infrastructure and regulation, setting a standard for digital asset planning. This collaboration is a win for both Hedera as a DLT leader and Dubai’s vision for long-term, responsible digital asset growth.

Key Developments in the Hedera Ecosystem
The Hedera ecosystem is currently seeing strong growth as several industry players are willing to transition to blockchain tech and prefer Hedera for its transparent governance and trust. 

Earlier this month, investment firm Canary Capital announced the launch of the first HBAR Trust in the United States, reported CNF. This fueled further speculation around the potential introduction of a Hedera-focused Exchange-Traded Fund (ETF).

The Canary HBAR Trust will provide safe access for investors to crypt+ocurrency HBAR while opening the gates for institutional participation in the crypto. Steven McClurg, CEO of Canary Capital, highlighted that the HBAR Trust is designed to provide U.S. institutional investors with new opportunities to tap into the growing demand for crypto-related products.

On the other hand, Prove AI recently launched its artificial intelligence product on the Hedera blockchain allowing businesses to securely manage their AI training data while ensuring compliance by using Hedera’s secure and scalable infrastructure.

Furthermore, Hedera will also provide governance solutions for businesses interacting with AI regulations and development, reported CNF.

In other news, Karate Combat, the world’s premier professional strike league, has announced the upcoming launch of its Layer-2 platform on the Hedera blockchain. Named “UP,” this Layer-2 blockchain and crypto-native software licensing platform is set to go live in Q1 2025, aiming to propel Web3 adoption across esports, sports, and entertainment sectors, reported CNF.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

COINBASE BRINGS REAL-TIME DEPOSITS VIA DEBIT CARDS BY PARTNERING WITH VISA

Coinbase users can now fund their accounts in real-time with eligible Visa debit cards, thanks to a new integration with the Visa Direct network.

Coinbase users in the U.S. and Europe can now deposit funds to their accounts with an eligible Visa debit card, following a new partnership with Visa. In an Oct. 29 press release, Visa said the integration allows Coinbase customers to deposit funds in real-time, offering flexibility for those looking to respond quickly to crypto market movements.

The feature aims to streamline access to trading funds by reducing wait times traditionally associated with crypto funding. The Visa Direct network facilitates immediate deposits, enabling users to top up accounts or make crypto purchases almost instantly. Visa debit cardholders can also cash out to their bank accounts in real time, minimizing delays across all major transactions on the platform.

“Providing real-time account funding using Visa Direct and an eligible Visa debit card means that those Coinbase users with an eligible Visa debit card know that they can take advantage of trading opportunities day and night,” said Yanilsa Gonzalez Ore, head of Visa Direct, North America for Visa

This latest partnership marks another step in Visa’s expanding role in the crypto market, building on the company’s recent introduction of a blockchain platform for banks to manage fiat-backed tokens.

Earlier in October, Visa launched the Visa Tokenized Asset Platform, a network enabling financial institutions to mint, burn, and transfer fiat-backed tokens, including stablecoins. BBVA, the Spanish banking giant, became the platform’s first client, with plans to trial the technology on the public Ethereum blockchain starting in 2025.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

🌱ZIMBABWE DITCHES U.S. DOLLAR FOR GOLD-BACKED CURRENCY. WHAT DOES IT MEAN?  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Q & A Classroom Link  

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Thank you Dinar Recaps

7 Steps I Took To Get Out of Massive Debt

7 Steps I Took To Get Out of Massive Debt

Laura Beck  Mon, October 28, 2024  GOBankingRates

I’m a Former Shopping Addict: 7 Steps I Took To Get Out of Massive Debt

When Mary H. of Portland, Oregon looked at her credit card statements in 2022, she felt her stomach drop: $100,000 in debt, mostly from years of impulse shopping and living beyond her means. Today, she’s debt-free and sharing her journey to financial freedom.

Here’s how she turned things around.

Step 1: Face the Music

Getting real with herself about the situation was Mary’s first step — and harder than it sounds.

 “I had to stop pretending everything was fine,” Mary said. “I lined up all my credit card statements on my kitchen table one Sunday morning and finally added up the total. I cried for hours, but that moment of brutal honesty was my turning point.”

Step 2: Cut Up the Cards (Literally)

“Everyone says this is dramatic, but I needed dramatic,” Mary said. “I cut up every card except one for emergencies. No more ‘treating myself’ to designer bags or justifying splurges as ‘investments.’ Cold turkey was the only way for me.”

Step 3: Track Every Single Penny

Mary started using a budgeting app to track everything — even the $4 coffee runs.

“It was embarrassing to see I was spending over $300 monthly just on random Amazon purchases,” she said. “Knowledge is power, even when it hurts — and trust me, it hurt to know I spent that much on coffee. I’m a cliché.”

Step 4: Find Your Money Triggers

“For me, Instagram was my biggest spending trigger,” Mary shared. All those influencers making everything look must-have made her think she needed to shop, shop, shop.

TO READ MORE:  https://www.yahoo.com/finance/news/m-former-shopping-addict-7-120009828.html

News, Rumors and Opinions Wednesday AM 10-30-2024

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 Wed. 30 Oct. 2024

Compiled Wed. 30 Oct. 2024 12:01 am EST by Judy Byington

Global Currency Reset:  (RUMORS)

Tues. 29 Oct. 2024 Charlie Ward: Breaking! Military Intel: EBS Training Complete, Countdown to the Great Currency Revaluation Begins!

The countdown to the Great Currency Revaluation (RV) has started! Prepare for this historic shift in global finances and power. Unprecedented opportunities and revelations await as the EBS (Emergency Broadcast System) stands ready to broadcast the truth, shaking the foundations of our world.

For centuries, the powerful elites have used financial systems to enslave the masses, but RV changes everything. Imagine currencies like the Iraqi Dinar, Vietnamese Dong, and Indonesian Rupiah rising to new levels, breaking the chains of the old financial order. This isn’t just another shift; it’s a total reset.

The RV Impact: A move to real wealth and freedom. Debt and fiat currency will crumble under NESARA and GESARA laws, opening doors for all. This isn’t a theoretical concept—military and global finance teams are primed to execute a financial revolution. As the old systems collapse, new financial structures based on quantum technologies will take their place, putting the power back into the hands of the people.

This global reawakening means freedom from debt slavery, control, and lies. As we approach this monumental change, stay informed and ready. Change is here, and it’s unstoppable. Are you prepared to witness history unfold?

~~~~~~~~~~

Tues. 29 Oct. 2024 Bruce: (RUMORS(

A Tradable Dinar Rate came up on the Forex Sunday night 20 Oct. and has been trading in some Middle East countries

Since last Sun. 20 Oct. the government of Iraq has been paying people at their new Dinar Rate.

The EBS is supposed to get the information out. 

A Redemption Center Regional Head had a 12 hour day today, received an email that contained information about tomorrow around 11 am EST. He forwarded it on to other Redemption Centers.

It is possible we could get started some time tomorrow Wed. 30 Oct. to set our appointments and get started with appointments on Thurs. 31 Oct.

Tues. 29 Oct. 2024: Breaking! The NESARA LAW and What Happens When Implemented 2024 | Prophecy | Before It’s News

~~~~~~~~~~~~~~~

Tues. 29 Oct. 2024 NESARA GESARA BOMBSHELL …False Flags on Telegram (RUMORS)

Debt Forgiveness – A Total Financial Reset! All your debts? WIPED OUT! Mortgages, loans, credit card debt—gone! This isn’t a favor; this is justice for decades of financial crisis.

Tax Liberation – The IRS is about to be SMASHED! Say goodbye to the income tax nightmare! NESARA brings in a 14% flat tax on non-essential goods, cutting off the government’s greedy hands from your paycheck!

The Federal Reserve—GAME OVER! The Fed is about to be dismantled. A new, Treasury-backed “Rainbow Currency” will replace the worthless paper dollars, backed by gold, silver, and platinum!

Financial Privacy Restored – NESARA ends the constant surveillance on your finances. No more government control over your money—it’s yours, and yours alone!

Humanitarian Projects – NESARA is launching global humanitarian efforts, with funding that will transform lives worldwide. This is about more than survival, it’s about abundance for all!

Restitution and Redemption – The elites’ stolen wealth will be returned to the people. NESARA will right the wrongs of the past, with restitution for unconstitutional acts and unjust debt.

NESARA GESARA isn’t just a policy—it’s a global reset that will destroy the old world order and give power back to the people. The 30+1 provisions are the blueprint for a global revolution. Are you ready for the explosion?

Read full post here:  https://dinarchronicles.com/2024/10/30/restored-republic-via-a-gcr-update-as-of-october-30-2024/

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

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

Frank26  [Iraq boots-on-the-ground report]   FIREFLY:
Television is saying the dinar has grown in strength locally and that the decline of the dollar market is looking good, saying this is great that the black market is failing, the monetary reform is succeeding and soon to bring forth what was promised.  FRANK:  Woo!  Yes it is great because this is what is needed in order to bring out the new exchange rate.  As the dollar drops your currency grows.

Mnt Goat   Article:  "WHAT IS THE TOTAL SPENDING AND PRICE OF A BARREL OF OIL IN THE 2025 BUDGET?" Quote:  "...the price of a barrel of oil in the three-year budget, to which the 2025 budget is subject, was set at $70..."  Just wanted to reiterate once again that the budget is based on a the prices of a barrel of oil and not the rate of the dinar... They never held up announcing a budget because of the RV.

BAD to WORSE: $628 Billion in Unpaid Debt, Housing Crisis, US Consumers Are Struggling to Pay Bills

Lena Petrova:  10-29-2024

https://www.youtube.com/watch?v=DY5oL8fVx9s

Tidbits From TNT” Wednesday Morning 10-30-2024

TNT:

Tishwash:  Rafidain Bank studies establishing an electronic platform for trading government bonds

Rafidain Bank confirmed, today, Wednesday, the establishment of an electronic platform for trading government bonds.

The bank stated in a statement received by Al-Maalouma Agency that it “will sponsor an expanded meeting in cooperation with the Securities Commission and the Iraq Stock Exchange to discuss launching an electronic platform for trading government bonds.”

He pointed out that "the meeting will be sponsored by the Minister of Finance and the Governor of the Central Bank of Iraq."  link

Tishwash:  The Central Bank republishes controls for declaring funds and bringing them in or out of Iraq

Today, Tuesday (October 29, 2024), the Central Bank of Iraq republished the controls for declaring funds, while indicating that it allows the entry or exit of amounts less than $10,000.

The bank said, according to a statement received by "Baghdad Today", that "in order to reduce the risks of bringing in and out money across the Iraqi borders and exploiting this in money laundering or terrorist financing operations, and based on the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2025, and the provisions of Controls No. 1 of 2029 (amended Controls No. 1 of 2017), the following must be adhered to:

1. It is permitted to bring in or take out amounts less than (10,000) dollars (ten thousand US dollars) or its equivalent in other currencies without declaring them.

2. It is permitted to bring in or take out amounts exceeding (10,000) dollars (ten thousand US dollars) to 20,000 dollars (twenty thousand US dollars) provided that they are declared, with the necessity of presenting evidence supporting the purpose of bringing in or taking out these amounts. In the event that supporting documents are not available, the traveler must submit a pledge to bring these documents after (30) days from the date of declaration.

3. It is prohibited to bring in or take out amounts exceeding (20,000) dollars (twenty thousand US dollars) or its equivalent in other currencies, and the process of bringing in or taking out these amounts shall be exclusively through financial institutions.

4. It is prohibited to bring in or take out amounts exceeding (1,000,000) dinars (one million Iraqi dinars) even if they are declared, and the amount will be seized and legal measures will be taken against it. 5. Declaration of precious stones and metals if their value exceeds (10,000) ten thousand US dollars. 6. Declaration of financial instruments that are negotiable to bearer or are transferred inside or outside Iraq by a person, postal service, shipping service or any other means and whose value exceeds (1,0000) ten thousand US dollars  link 

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

Tishwash:  The Dinar Under Siege: How Do Smuggling Mafias Strike the Cash Reserve?

Reports indicate a worrying increase in the activity of currency smuggling mafias in Iraq, which has raised widespread questions about the serious repercussions of this activity on the Iraqi economy.

Such operations that aim to transfer money abroad illegally lead to huge losses in the cash reserve and affect the state’s ability to finance basic needs, and contribute to the exacerbation of inflation and the deterioration of the value of the Iraqi dinar.

One economic analysis states that: “Currency smuggling operations weaken Iraq’s foreign exchange reserves, increasing the country’s inability to meet its basic import needs, and leading to a deterioration in the balance of payments. This illegal outflow of funds not only leads to weak domestic investment, but also creates an unstable economic environment, raising concerns among foreign and local investors alike.”

Another aspect of the negative effects of these operations appears in the financing of illegal activities such as drug trafficking and support for armed groups, indicating that currency smuggling is not only an economic issue, but a security problem that affects the stability of Iraq more deeply.

The various methods used to smuggle money include foreign imports that take place outside the official platform of the Central Bank, which is a violation of the laws and increases chaos in the market.

Reports indicate that some parties are deliberately seeking to weaken the national currency by raising the price of the dollar in an exaggerated manner, which raises questions about the possibility of internal parties colluding with smuggling networks to increase their profits at the expense of the national economy.

Expert Mohammed Al-Kubaisi explains that currency smuggling mafias exploit political and economic crises to increase their activities, taking advantage of weak government oversight and financial turmoil to achieve huge profits.

The problem seems to go beyond the economy to include deeper issues related to weak legislation and government control, which is prompting some analysts to call on the government to take strict measures, including imposing strict controls on financial transactions and setting policies that encourage local investment to limit the flow of money abroad.  link

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

Lilfish:  IMF Touts US Economy the Growth Engine of the World

WASHINGTON, Oct 22 (Reuters) - The U.S. economy will continue to provide most of the thrust for global growth through the balance of this year and in 2025, led by robust consumer spending that has held up through a wrenching bout of inflation and the high interest rates used to tame it, the International Monetary Fund said on Tuesday.

In its latest World Economic Outlook, the IMF raised its 2024 and 2025 economic growth forecasts for the U.S. - the only developed economy to see its outlook marked up for both years - and its chief economist said the "soft landing" sought by the Federal Reserve in which inflation eases without big damage to the job market had largely been achieved.

Emerging market powerhouses India and Brazil also stood out on the upside of the IMF forecasts, while it dialed back growth expectations for China for this year and left next year's forecast for the world's No. 2 economy at a below-trend 4.5%.

Still, it warned that risks abound from armed conflicts, potential new trade wars and the hangover from the tight monetary policy employed by the Fed and other central banks to rein in inflation.

"Today, the IMF reported that the United States is leading the advanced economies on growth for the second year in a row," Lael Brainard, the director of the White House's National Economic Council, said in a statement.

The IMF's latest World Economic Outlook said the shifts will leave 2024 global GDP growth unchanged from the 3.2% projected by the global lender in July, setting a lackluster tone for growth as world finance leaders gather in Washington this week for the IMF and World Bank annual meetings.

Global growth is projected to be 3.2% in 2025, one-tenth of a percentage point lower than forecast in July, while medium-term growth is expected to fade to a "mediocre" 3.1% in five years, well below its pre-pandemic trend, the report showed.

Nonetheless, the IMF's chief economist, Pierre-Olivier Gourinchas, said some countries, including the U.S., were showing resilience.

"The news on the U.S. is very good in a sense," Gourinchas said at a press conference in Washington. "The labor market picture remains one that is fairly robust, even though it has cooled off."

"I think the risks of a recession in the U.S. in the absence of a very sharp shock would be somewhat diminished," he said.

Although Gourinchas said it looked as if the global inflation battle had largely been won, he told Reuters in an interview there is a risk that monetary policy could "mechanically" become too tight without interest rate cuts in some countries as inflation subsides, weighing on growth and jobs.

CONSUMER STRENGTH

The IMF revised its 2024 U.S. growth forecast upward by two-tenths of a percentage point to 2.8% due largely to stronger-than-expected consumption fueled by rising wages and asset prices. The global lender also upgraded its 2025 U.S. growth outlook by three-tenths of a percentage point to 2.2%, slightly delaying a return to trend growth.

https://www.reuters.com/markets/us/imf-lifts-us-growth-forecast-marks-down-china-sees-lackluster-global-economy-2024-10-22/

Mot:  . Poor ole ""earl"" -- He Trys... LOL 

Mot:  they Say that -

Where Does the Buck Stop?

Where Does the Buck Stop?

Victoria Vesovski   Tue, October 29, 2024  Moneywise

‘Sitting on their piles of gold’: Adult son outraged his parents, worth $10M+, haven’t offered him help. From midnight diaper changes and years of running on caffeine to those last-minute dashes to buy poster boards and relearning algebra just to help with homework, for decades, parenthood means putting the kids first.

But while you’d drop everything to help them at 4 years old, should the same still hold true at 44?

That’s the question one frustrated poster brought to Reddit in a since-deleted post. After a chance peek at his father-in-law’s accounts revealed that his in-laws are sitting on a $10 million fortune, he was left outraged. As he explains, he’s in his late 30s and he and his wife live with their two children in an expensive city.

They’re saddled with $20,000 in credit card debt and their credit scores have suffered, while his wife’s parents have just let them struggle. Outraged that they haven’t stepped in considering their wealth, he turned to his own dad — only to find his parents were just as well off.

“Here are our own parents sitting on their piles of gold, watching us navigate a new level of economics and shopping for discounts and raising our children in sub par school districts and for WHAT?” the user wrote.

The Redditor insists he’d give his last dollar to make his son more comfortable one day, but where does the buck stop?

A Generational Divide

Some baby boomer parents might be struck by the millennial poster’s expectations of his parents. But it’s pretty common these days for parents to help their kids even after they’ve left home — in fact, 65% of them say they provide financial help to their adult children.

TO READ MORE:  https://www.yahoo.com/finance/news/sitting-piles-gold-adult-son-103500519.html