5 Questions To Ask Your Financial Advisor Before Year-End

5 Questions To Ask Your Financial Advisor Before Year-End

Catherine Brock  Thu, October 31, 2024  Yahoo Personal Finance

The close of the calendar year is financially significant. For one, Dec. 31 marks the end of the tax year, which affects retirement contributions and your capital gains tax liability, among other things.

Year-end also creates a natural opportunity to assess your finances to ensure you are on track to meet your goals. So, when the Halloween and holiday decorations appear in your favorite mass market retailer, consider that a reminder to connect with your financial advisor.

Use the five conversation starters below to uncover the highest-impact money moves you can make before the new year.

No. 1: Are There Opportunities To Accelerate Or Defer Income?

Regan Smith, CFP and wealth advisor at Adero Partners, recommends tapping your financial advisor for guidance on deferring or accelerating income before year-end.

Deferring income is appealing when you are in a higher tax bracket today but expect to make less in the future — say, after you retire. The deferral lowers your tax liability now and potentially lowers what you will pay in the future. A common strategy here is to participate in an employer's deferred compensation plan.

Deferred compensation plans can be structured as pensions, 401(k)s, or stock options. The key feature is that the employee can contribute current income on a pretax basis. Income taxes are paid later, usually when the funds are withdrawn in retirement.

Income acceleration may be appropriate when your taxable income is temporarily lower. Perhaps you took time off work this year but plan for a full work schedule next year. You can accelerate income with a Roth conversion, which moves pretax assets into an after-tax Roth account. You pay the taxes on the transferred amount in the current tax year so that you can take tax-free qualified withdrawals later.

No. 2: Can I Minimize My Capital Gains Tax Liability For The Year?

According to Jeff DeLarme, CFA, CFP, and president of DeLarme Wealth Management Inc., clients should ask their financial advisors to estimate their capital gains tax liability and recommend strategies to minimize it. There may be opportunities to realize offsetting losses or carry forward capital losses from prior years, for example.

Ryan Zabrowski, CFP, MSF, and senior portfolio manager at Krilogy, confirms that you can use losses to offset up to $3,000 in gains in the current year. Losses over that limit can be carried forward to use in future years.

TO READ MORE:https://news.yahoo.com/news/finance/personal-finance/questions-to-ask-a-financial-advisor-211901722.html

The Fed Knows the US Dollar is in Serious Trouble

The Fed Knows the US Dollar is in Serious Trouble

The Atlantis Report:  11-2-2024

The Federal Reserve’s role as the steward of the U.S. monetary policy and financial stability has never been more scrutinized.

 Recently, the Fed has made an admission that has caught financial markets off-guard: the U.S. dollar, historically regarded as the world’s reserve currency, faces significant challenges that may threaten its dominance on a global scale.

This revelation has ignited a whirlwind of debate among economists and policymakers, prompting deeper inquiry into the factors behind the dollar’s vulnerability and the potential implications for the American economy and international finance.

To appreciate the gravity of this admission, it’s essential to understand what it means to be a reserve currency. A currency is deemed a reserve currency when it is widely held by governments and institutions as part of their foreign exchange reserves.

The U.S. dollar has enjoyed this status since the end of World War II, primarily due to the size, strength, and stability of the U.S. economy. The dollar being the preferred medium for international trade and investment has historically afforded the U.S. significant economic advantages, including lower borrowing costs and increased influence over global economic policies.

The Federal Reserve’s admission regarding the vulnerabilities of the U.S. dollar as the world’s reserve currency should serve as a clarion call for both policymakers and citizens.

As the global landscape evolves, the U.S. must navigate these complexities with prudence and foresight. Understanding the underlying factors that challenge the dollar’s dominance will be crucial for ensuring long-term economic stability and maintaining U.S. influence in international finance.

 As we move forward, it will be vital to monitor how these developments unfold and to adapt strategies that can safeguard the financial health of both the U.S. and the broader global economy.

https://www.youtube.com/watch?v=u0oKXLkWIao

“Tidbits From TNT” Saturday 11-2-2024

TNT

Tishwash:  Vietnam seeks closer ties with Gulf states beyond energy sector

Vietnam is expanding its ties with the Gulf Cooperation Council beyond the energy sector, with several agreements signed during a visit to the region by a senior Hanoi government official this week.

Vietnam’s Prime Minister Pham Minh Chinh ends his tour of the Gulf on Friday with a visit to Qatar after starting in the UAE and later attending the Future Investment Initiative in Saudi Arabia.

Vietnam’s efforts seem to be in line with Gulf desires to strengthen their presence in Asia, particularly in the energy sector to exploit growing demand there, as evidenced by the signing of a memorandum of cooperation with oil giant Aramco. In addition, the UAE plans to establish a hub for storing oil and petrochemicals in Vietnam to meet market needs in the region.  link

Tishwash:  Governmental move to establish an administrative capital in Baghdad

The Parliamentary Investment and Development Committee confirmed today, Friday, that there is a government move to announce the establishment of the administrative capital in Baghdad, noting that Prime Minister Mohammed Shia al-Sudani will soon announce this capital, which includes all ministries and departments.

The head of the committee, MP Hassan Qasim Al-Khafaji, said, "There is a government trend in the coming short period to announce the administrative capital," noting that "the administrative capital will be south of Baghdad towards Alwat Al-Rashid within a large area."

He pointed out that "this capital will include all ministries and departments according to financial allocations," stressing that "Prime Minister Mohammed Shia al-Sudani will announce this capital and lay the foundation stone for it, and it will be implemented and completed in the coming years."  link

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Al-Sudani discusses 7 files with Erdogan.. Shafaq News reveals details of Istanbul meeting

 In a closed meeting that lasted about two hours today, Friday, the Iraqi Prime Minister and Turkish President Recep Tayyip Erdogan discussed many files in Istanbul, most notably developing relations between the two countries and the path of development.

An Iraqi government official told Shafaq News Agency that the Turkish president said during his meeting with the Sudanese, "Türkiye and Iraq are two neighboring countries linked by deep-rooted historical and cultural ties."

He added, "Developing relations and evaluating cooperation opportunities, especially the Development Road project, will provide many benefits to both countries. We will continue to take the necessary steps with determination to achieve this."

The Iraqi official pointed out that Erdogan reiterated his great interest in the development road project proposed by Al-Sudani after he became prime minister.

He pointed out that the Turkish President stressed the need to establish a mechanism to implement the development road project, which will constitute a major economic axis in the region, and he also indicated the desire of a number of countries to benefit from it and connect the road with them. 

The Iraqi official noted that the two presidents discussed in detail the mechanisms and methods that would ensure the stability and security of the region.

The two presidents also stressed the need for diplomatic action to stop the brutal Israeli aggression on Gaza and Lebanon and to prevent the conflict from expanding in the region.

According to the Iraqi government official, Erdogan confirmed to Al-Sudani his keenness and readiness to support the security and stability of Iraq.

He added that the meeting of the two presidents also discussed the results of the technical teams currently working on implementing the agreements signed in Baghdad in April 2024, especially the framework of the water cooperation agreement and their readiness to implement water infrastructure projects and agricultural land reclamation.

Prime Minister Mohammed Shia al-Sudani arrived in Istanbul today, Friday, to meet with Turkish President Recep Tayyip Erdogan, according to what the Iraqi government announced in a statement without going into further details about the previously unannounced visit.

Meanwhile, a government source told Shafaq News Agency that Al-Sudani's visit to Türkiye will last a few hours, during which he will meet with Erdogan to discuss several files, some of which are related to the situation in the region.

This is Al-Sudani's second visit to Türkiye since assuming his position as Prime Minister of Iraq. He made his first visit last March, during which he met with Turkish President Recep Tayyip Erdogan. link

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Tishwash:  Al-Sudani returns to Baghdad after spending hours in Istanbul

 Iraqi Prime Minister Mohammed Shia al-Sudani returned to the capital, Baghdad, after spending hours in the Turkish city of Istanbul, during which he met with Turkish President Recep Tayyip Erdogan, according to a statement from al-Sudani's office received by Shafaq News Agency.

In a closed meeting that lasted about two hours today, Friday, the Iraqi Prime Minister and Turkish President Recep Tayyip Erdogan discussed many files in Istanbul, most notably developing relations between the two countries and the path of development.

Prime Minister Mohammed Shia al-Sudani arrived in Istanbul on Friday to meet with Turkish President Recep Tayyip Erdogan, the Iraqi government announced in a statement without going into further details about the previously unannounced visit.

Meanwhile, a government source told Shafaq News Agency that Al-Sudani's visit to Türkiye will last a few hours, during which he will meet with Erdogan to discuss several files, some of which are related to the situation in the region.

This is Al-Sudani's second visit to Türkiye since assuming his position as Prime Minister of Iraq. He made his first visit last March, during which he met with Turkish President Recep Tayyip Erdogan.  link

Mot: .. aaaaaaaaaaaahhhhhhhhhhhhhhhhh!!!!!!! ((( Nov 3rd )))

Mot:  .. addeth or subtracteth????

Weekend News With MarkZ (Bank Stories) 11-2-2024

Weekend News With MarkZ (Bank Stories)  11-2-2024

MarkZ  Update- Some highlights by PDK-Not verbatim

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

THE CBD GURUS KICK OFF THE FIRST 45 MINS AND MARK GIVES THE NEWS AT 10:30 AM. MATT HAS A STORY TO SHARE.

Member: Good Morning Mark , Mods and RV’ers

Member Are you hearing any good RV tidbits Mark?

MZ: We have a couple bank-ish stories today

MZ: From a source in the middle east:  Sudani has just stated that the “currency transition” should be completed by Victory Day. Victory day is December 10th . This means things will be going right away if it is to be “completed” by that time.

MZ: We have a really fun bank story from someone that works at a bank. This is a banking employee and I cannot tell you which bank. They asked (outside of the bank) about Nesara.  The other persons eyes got really big and their jaw dropped. They said “How do you know anything about this?” The bank employee told what they know about Nesara and the other said….”We have been signing a lot of NDA’s in our preparation for this , all of the employees are under a gag order and cannot speak about it ……and we will be transitioning to a Wealth Management location .” They also made the comment that “the new money comes out in November. “  They have completed their training and have a new DelaRue machine.

MZ: I have great faith in this source. This is as much as I can share without getting somebody in serious trouble. So will leave it right there.

MZ: I think we are going to have one heck of a Thanksgiving to give Thanks for this year.

Member: Any other news on Nesara?

 MZ: I believe Nesara was signed into law 1n 1999 . It was in the congressional record. Many folks here actually saw it on government sites before they scrubbed it and hid the information. I regret not having printed it when it was on the government sites.

Member: I can't get any information from my bank untill 9:00 am Monday .It says systems are shut down untill then

Member: Mon Nov 11 my bank closed, Veterans Day

1995 Bank Story by Matt at CBD Gurus:

Matt: At the time I was a Limo Driver and would pick up people at hotels and the airport in Minneapolis. There were a lot of businesses and conventions in Minneapolis along with a lot of financial places there. Offices of the Federal Reserve is still there.

One day in front of the Hyatt I picked up a guy with no luggage or computer or anything (Which was unusual) …..It was a 20 minute drive to the airport and as we drove we got talking and I asked him “What do you do?  He said he meets with all the financial guys in Minneapolis .

He continued. “I work with a division of the government …we are going to be changing things around at financial institutions, and dealing with the power of money around the world….the structure. I met with Wells Fargo and a couple more at the Federal Reserve here. I was just in town doing a couple days of business. ( I do not know if he worked for the Treasury or another branch of the Government)

I asked him what he meant by changing the structure of money and this and that? He started talking about empires and changes like the British empire, the Dutch Empire, the Roman Empire ect…(I just listened and kept driving- I did not know anything about this stuff back then)

I asked him where is the financial power going to then – if you changing things?  “just call it “Asia” he said. “  Things will be all right- just different. I asked him where do we fit in the whole thing? He said “We aren’t running the show anymore after this” It’s somebody else’s turn. We have to get ready for it.

Now this was in 1995….I asked him “When is this all going to happen?” He said “We are planning it for 2024, but I think we can move it up to 2023” 

Later on I find out what he was talking about when he said the money and power was going to change. He was talking about the RV….That is what he was talking about. And the time is now. We don’t know the exact date and hour…but it’s going to happen.

MZ: Some of the biggest financial meetings in the world go on at the Minneapolis Federal Reserve.

MZ: In Iraq: “The Iraqi Parliament recommends changing out 5 ministers in Sudani’s government” They say these 5 are slowing down the reforms and they want to finish them quickly and completely. So they want to change out these 5 cabinet members and move forward quickly with reforms

MZ: Many folks are expecting these votes this weekend.

MZ: “ Parliamentary Finance calls on the government to control non-oil revenues”  Non oil revenues are a very important part of the reforms.

MZ: “ Deputy: The first start of the phase  of the project to develop Iraq’s border crossings with neighboring countries”  People will be going back and forth for pilgrimages, tourism, shopping  sprees to and from Iraq. Trucks laden with goods will go through there. Iraq is becoming a very modern hub for the area.

MZ: “Distribution for Iraq’s retirees salaries tomorrow-Sunday” they will be paid for the month ahead.  They do have a holiday coming up and wanted to pay ahead of time. What could be another reason to pay them ahead of time? The revaluation of the dinar to lift up the Iraqi people? That’s what I was thinking.

Member: Wow three day holiday in Iraq .. hummm where have you heard that before?

Member: Do you still think all currencies will go at the same time?

MZ: I do , but hope everyone is diversified and is not keeping all their eggs in one basket. If one currency happens to go ahead of time……well you would be prepared.

Member: How about the Venezuelan Bolivar?

MZ: Do the math: Venezuela has the largest oil reserves in the world. They have some of the largest gold reserves in the world. They have some of the largest rare earth minerals deposits in the world. And, the lowest currency in the world. It’s going to be worth something somewhere someday.

Member: Mark, any word from your Bond contact that never checked back in? NDA confirmed…?

MZ: No news since last night

Member: Great information today….Thanks to Mark and Matt. Have a great weekend everyone

Member: Have a very blessed weekend and see you all Monday morning

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=2AtWNYG9Zmc

Seeds of Wisdom RV and Economic Updates Saturday Morning 11-2-24

Seeds of Wisdom RV and Economic Updates Saturday Morning 11-2-24

Good  Morning  Dinar Recaps,

PAXOS ISSUES ‘GLOBAL DOLLAR’ STABLECOIN USDG OUT OF SINGAPORE. PARTNERS DBS

Last July Paxos Global confirmed it received the regulatory go ahead from the Monetary Authority of Singapore (MAS) to issue a stablecoin, with DBS Bank as custody partner. Today it confirmed the launch of the USDG stablecoin, which it refers to as the ‘global dollar’. 

Given Paxos has a background of partnering with institutions such as PayPal and Stripe, it says the Ethereum stablecoin is “designed to support the needs of regulated institutions that maintain higher standards of operation.”

“Enterprise interest in stablecoins has never been higher than it is today, but the market lacks a solution that combines regulatory compliance with real economic incentives for enterprises,” said Ronak Daya, Head of Product at Paxos.

“USDG offers a trusted solution with a top-tier banking partner in DBS that will be the catalyst to drive stablecoin innovation and enterprise adoption at a global scale.”

Singapore’s largest bank, DBS, will provide custody for the securities and dollar cash deposits will also be managed via DBS.

Other stablecoins from Paxos
Paxos Trust in New York is the issuer of the PayPal stablecoin and also supports Stripe in its stablecoin acceptance. The company has its own US-based stablecoin USDP and its UAE-based affiliate, Paxos International, issued the yield-bearing stablecoin Lift Dollar (USDL). Paxos Trust was previously the issuer of the Binance USD stablecoin.

The company has always been amongst the most conservative in managing stablecoin reserves to ensure they maintain their 1:1 peg. Hence. it will hold US dollar deposits, short dated Treasuries and ‘other cash equivalents’. 

The whitepaper states other reserves include reverse repurchase (repo) agreements and institutional government money market funds. Reverse repo agreements involve temporarily lending cash (usually to banks) in exchange for collateral, in this case US government securities.

Stateside, Paxos structured as a New York regulated Trust to provide maximum protection to holders in the event of a bankruptcy. Likewise, Paxos Digital Singapore holds the assets in trust on behalf of stablecoin holders via segregated safeguarding accounts.

Anyone that has opened an account with Paxos (ie. has been through KYC) can redeem the stablecoin directly. It will usually take around a day but up to a maximum of five days in compliance with Singapore regulations. The minimum redemption amount is equivalent to the cost of the wire fee.

@ Newshounds News™

Source:  Ledger Insights

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CRYPTO VOTERS GUIDE TO CONGRESSIONAL LEGISLATION FOR THE 2024 ELECTION

The 2024 United States elections will be held on Nov. 5, as digital asset policy becomes a growing concern among pro-crypto voters.

As the 2024 US elections draw closer, digital assets have become a political issue for the first time, as industry executives and advocates apply pressure on candidates to pass pro-industry policies and embrace the future of money.

Clear and comprehensive digital asset policy in the United States remains elusive, as regulators like the Securities and Exchange Commission (SEC) regulate through enforcement action, rather than rulemaking. This lack of a coherent framework is a growing concern for elected lawmakers, industry service providers, and single-issue crypto voters.

While understanding a particular candidate’s stance on crypto policy is key, voters must also understand the underlying legislation currently being considered in the House and the Senate. Listed below are the key pieces of legislation currently up for consideration.

Financial Innovation and Technology for the 21st Century Act
The Financial Innovation and Technology for the 21st Century Act (FIT21) — introduced by Pennsylvania Congressman Glenn Thompson in 2023 — aims to establish a comprehensive digital asset regulatory framework by bringing sufficiently decentralized assets under the purview of the Commodity Futures Trading Commission (CFTC). The bill features these defining criteria for sufficient decentralization:

“If, among other requirements, no person has unilateral authority to control the blockchain or its usage, and no issuer or affiliated person has control of 20% or more of the digital asset or the voting power of the digital asset.”

However, the bill also gives the SEC authority to regulate digital assets deemed as securities. In May 2024, the bill passed in the House and must pass in the Senate before it is handed to the President for consideration.

CBDC Anti-Surveillance State Act
Minnesota Rep. Tom Emmer first introduced the CBDC Anti-Surveillance State Act in 2023.

The bill’s goal is to prohibit the Federal Reserve Bank from ever creating a consumer-facing central bank digital currency (CBDC), or otherwise maintaining accounts on behalf of individuals.

Moreover, the bill seeks to restrict the Federal Reserve from “Using a central bank digital currency to implement monetary policy or from issuing a central bank digital currency,” entirely.

CBDCs face widespread criticism from the crypto community, liberty-minded individuals, privacy advocates, and commercial banks. In May 2024, the bill passed in the US House and awaits a vote in the Senate.

Clarity for Payment Stablecoins Act of 2024
The Clarity for Payment Stablecoins Act is a re-introduction of a 2023 bill of the same name from Rep. Patrick McHenry and seeks to establish a comprehensive regulatory framework for US-dollar stablecoins.

A key difference between the newer draft and the earlier bill is a provision allowing stablecoin issuers with a market capitalization under $10 billion to be regulated at the state level, rather than the federal level.

The previous version of the bill advanced to the House floor but has not yet passed in either chamber. Senators Lummis and Gillibrand also proposed a similar bill to the Senate in April 2024, to establish a stablecoin regulatory framework.

Digital Asset Anti-Money Laundering Act
First introduced by Massachusetts Senator Elizabeth Warren in July 2023, the Digital Asset Anti-Money Laundering Act proposes that digital asset providers should be subject to the same reporting requirements as traditional financial institutions under the Bank Secrecy Act.

Warren is one of the crypto industry’s most vocal critics, and the 2023 bill has faced significant backlash as one of the most anti-crypto pieces of legislation currently up for consideration.

The bill has not yet passed in either chamber of Congress and even lost support from its cosponsor, Republican Senator Roger Marshall, in July 2024.

Financial Technology Protection Act of 2023
The Financial Technology Protection Act of 2023, proposed by Iowa Rep. Zachary Nunn, aims to create the Financial Technology Working Group to combat illicit finance in terrorism and organized crime in emerging financial technologies.

Earlier in 2024, the bill passed in the United States House of Representatives and has been submitted to the Senate for deliberation.

Equal Opportunity for All Investors Act
Introduced by Nebraska Congressman Mike Flood in April 2023, the Equal Opportunity for All Investors Act would expand the definition of an “accredited investor” — lowering the barrier to entry for participation in private securities sales and offerings.

More specifically, the bill would allow individuals to qualify as accredited investors by passing a knowledge test administered by the SEC.

In 2020, the SEC amended its long-standing criteria for an accredited investor to emphasize financial knowledge rather than net worth, income, or wealth. The Equal Opportunity for All Investors Act was passed in the US House of Representatives but has not yet passed in the Senate.

The Blockchain Regulatory Certainty Act
Rep. Tom Emmer — one of crypto’s most vocal proponents — submitted the Blockchain Regulatory Certainty Act to the US House of Representatives in March 2023. The bill’s central goal is to exempt blockchain developers and service providers from traditional financial reporting requirements, as long as they do not handle customer funds.

The bipartisan bill was approved by the House Financial Services Committee in July 2023, and allowed to advance to the US House of Representatives but has yet to pass in either chamber of Congress.

Keep Your Coins Act
Ohio Congressman Warren Davidson introduced the Keep Your Coins Act in July 2023 as a consumer-facing protection meant to restrict regulatory agencies from preventing US citizens from using self-custodial wallets to transact.

At this time, it is unclear whether the bill will be passed into law or garner widespread support.

@ Newshounds News™

Source:  CoinTelegraph

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🌱 AUDIO INTEL AND MORE WITH BOB LOCK, JIM SILVER 57, R JAX AND LOWTIDE. GREAT INFO.  |  YOUTUBE

If you missed the Constitution Call last night, here is the replay.  We started off with any NEW news from Mason and Jim, INTEL.  We were Joined by Bob Lock.  Lots of great info including Election News near the end.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts   

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What Is A Financial Advisor and What Do They Do?

What Is A Financial Advisor and What Do They Do?

Robin Hartill, CFP® Thu, October 31, 2024  Yahoo Personal Finance

If you need help managing your money or you’re not sure whether you’re on track for a major life goal, a financial advisor can be an important ally.

A financial advisor is a professional who helps you create and implement a financial plan, manage your finances, and monitor your progress as you work toward your fiscal goals.

But the term “financial advisor” is a fairly broad one. Financial advisors often hold various licenses and certifications, but there’s no specific credential that someone needs to hold in order to call themself a financial advisor — though many common services financial advisors provide, like buying and selling securities, do require a license. That makes it extra important to vet an advisor and make sure they’re qualified to help you manage your money.

If you’re debating whether to hire a financial advisor and aren’t sure where to start, you’re in the right place. In this article, you’ll learn about the different types of financial advisors, what financial advisors do, how much a financial advisor costs, and how to choose the best advisor for you, including knowing which questions to ask.

Types of financial advisors

There are many different titles a financial advisor can go by, each of which has different requirements. Many of the types of financial advisors listed below work as personal financial advisors, meaning they primarily provide advice to individuals. However, some of the professionals listed below may focus on advising corporations or organizations instead.

When you decide what type of advisor you want to work with, it’s important to understand the difference between a fiduciary vs. non-fiduciary advisor. Many (but not all) financial advisors are held to a fiduciary standard, which means they’re required to act in their client’s best interest. A fiduciary must disclose any potential conflict of interest to the client up-front.

Other types of advisors are only held to what’s known as a suitability standard. That means they’re required to make recommendations they believe are appropriate for their client’s needs.

Investment ‘advisers’

An investment “adviser” is paid to provide advice about securities like stocks and bonds. Anyone who provides investment advice (as most financial “advisors” do) must register with either the U.S. Securities and Exchange Commission (SEC) or state securities regulators, depending on the value of assets under management. They’re also required to hold a securities license.

TO READ MORE:  https://finance.yahoo.com/personal-finance/what-is-a-financial-advisor-and-what-does-a-financial-advisor-do-152541716.html

News, Rumors and Opinions Saturday AM 11-2-2024

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 Sat. 2 Nov. 2024

Compiled Sat. 2 Nov. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Fri. 1 Nov. 2024 Mike Bara: OK, so just when I was ready to give up on this thing happening before the election, I get this: “The US election n will not change the timing. All countries and banks have signed the necessary treaties and are ready. Dinar will lead the way on Sunday/Monday. Bonds/GCR on Tuesday.” I guess they decided the chaos of the US election is actually the perfect cover. We will see, but hang in there!

Fri. 1 Nov. 2024 TNT Tony via Fred Koch on Telegram: “TNT seems to confirm Wolvie’s Intel. They claim banks had an emergency meeting and they came to the conclusion that they would prepare over the weekend for T4b launch on Mon. 4 Nov. 2024.”

Fri. 1 Nov. 2024 Wolverine Call:

I got some wonderful news, and I have spoken to paymasters and bank officials. The green light has been given. We are just about to cross the finish line. 

Our friend Charlie Ward has always said nothing will happen till after the election. He was dead on, and has never moved from that opinion, and he was absolutely right.  

The codes have been locked in, authority has been given, and by next week we will be celebrating. We have million percent assurance it is now all coming through.

The main leaders from all countries (Mauricio may have been included on that), have been called to receive their blessing.  

I have spoken to the leaders of the platforms, and they are in the same intel as myself, and also been told same. The Precatorias should be released by Tuesday or Wednesday for people who are in that platform.

Each platform is different. When these people see their money, they then have to release that money to the members (I am not talking about currency, I am talking about bondholders).  They will decide when they can release it, because it is not as easy as pressing a green. They must do all by the book, get it all ready, get all the sub-leaders together to release the money to their people. All has to be done to be timed correctly.

They have till the 10th of November to RELEASE ALL OF IT – ALL HAS TO BE RELEASED!!!  This has been Verified and vetted.  

I know we have been going through “it is coming and it is coming tomorrow “but in speaking to the general paymasters (not the ones in South America) they have assured me that all is now coming.

I had the privilege of being on a private call for a private contractor, and the amount of money is a huge amount of money to come through to be used for humanitarian purposes.

Now for the currencies, I know everyone has been waiting for their currency notification that should come in with the Grace of God, after the election results on Tuesday 5 Nov.

I know you have been waiting, but this has come from official channels. God Bless you. Be patient. Hopefully, we will have an incredible celebration next week. I would like to meet all of you at the get together and give you all a huge hug.

Fri. 1 Nov. 2024: BOOOM! Global Financial Revolution: How Starlink, Basel III, and ISO20022 Are Blowing Up Traditional Banking! – amg-news.com – American Media Group

Fri. 1 Nov. 2024: Quantum Financial System Goes Live: Cabal Wealth Seized, Global Currency Reset in Motion, Quantum Satellites and Military-Guarded Nodes Secure the Greatest Financial Revolution of Our Time! – Gazetteller

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Global Financial Crisis:

Fri. 1 Nov. 2024: CEO of US’ largest bank JPMorgan CEO says ‘it’s time to fight back as things are becoming …’ – Times of India: https://timesofindia.indiatimes.com/technology/tech-news/ceo-of-us-largest-bank-jpmorgan-ceo-says-its-time-to-fight-back-as-things-are-becoming-/articleshow/114825978.cms

U.S. Stocks now account for 49% of the World’s Market Cap!  The last time this level was breached was just before the Dot Com Bubble

Intel $INTC is set to lay off close to another 17,000 employees after laying off 20,000 earlier in the year

Fri. 1 Nov. 2024: BREAKING: Nearly 953 Billion Dollars Has Been Wiped Out From the US Stock Market Today – amg-news.com – American Media Group

Read full post here:  https://dinarchronicles.com/2024/11/02/restored-republic-via-a-gcr-update-as-of-november-2-2024/

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

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:
Mr. Sammy said all branch bank managers have gone through and now completed international service standards in banking reforms as of yesterday morning.  FRANK: Why?  Because of the float.  You have to have a new exchange rate if you're going to float it.

Walkingstick  [Iraqi Bank Manager Friend Aki Update]  They are about to open many hundreds of ATM exchange enters outside of Iraqi borders.  We call them currency exchange centers.  Aki owns 90 of these centers.  It is not him by himself.  Aki is part of a conglomerate.  His business partners, there's 18 of them, they own 90 of these 'currency exchange centers' around the world.  The exchange centers are under the control of the GOI and CBI.  They both control the exchange rate of the Iraqi dinar.

Walkingstick   It would behoove them to now put the pictures and the explanations of the lower denoms on the bulletin boards at these currency exchange centers.  Aki owns 90 of these exchange centers with his conglomerate.  You know why?  Because it's all about the money.  They don't get involved in politics.  They don't care about parliament.  They don't care about any delays.  It's only about the bottom line.

THIS IS IT! THE POINT OF NO RETURN... EXPECT ANYTHING AND TAKE ACTION NOW.

Greg Mannarino:  11-1-2024

https://www.youtube.com/watch?v=1p2mhA3zZ3o

BRICS Precious Metals Exchange: A Game Changer for Global Finance?

Express EconGeoFinance Insights:  11-1-2024

The BRICS nations, comprising Brazil, Russia, India, China, and South Africa, are taking a bold step towards gaining control over the global precious metals market. In this video, we'll explore the implications of this move and what it means for the future of gold, silver, and other precious metals. Will this shift in power dynamics change the way we think about investing in precious metals? Tune in to find out.

https://www.youtube.com/watch?v=qaOUyQqGI_8

MilitiaMan & Crew News Report-Iraq 3 Presidents-National-Constitutional Entitlements-Open Market Operations-OMO

MilitiaMan & Crew News Report-Iraq 3 Presidents-National-Constitutional Entitlements-Open Market Operations-OMO

11-1-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI, Brtan’s Place  and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=E2vTvO0HHbI

Iraq Economic News and Points To Ponder Late Friday Evening 11-1-24

Iraq Economic News and Points To Ponder Late Friday Evening 11-1-24

In Cooperation With A Foreign Advisor.. A Parliamentary Committee Announces Its Efforts To Amend The Oil Ministry Law

Economy  | 01/11/2024  Mawazine News – Baghdad  The Parliamentary Oil and Gas Committee announced today, Friday, a move to amend the Ministry of Oil Law 101 of 1976, while indicating that the draft will be presented to the Council of Ministers soon.

MP Basem Naghmish, a member of the Oil and Gas Committee, said: “A subcommittee was formed within the Oil and Gas Committee to review the legislation related to the oil sector, and it was called the “Oil Legislation Committee”.

He explained that “the committee is working to review several laws, with the aim of amending them to suit the current requirements of the oil sector”, indicating that “among these laws is the Oil Ministry Organization Law No. (101) of 1976, which is considered an old law that was amended about three times, the last of which was in 1982”.

He added that “the ministry witnessed many technological and administrative developments during the period after 2003, as the work of the Oil Ministry expanded and formations multiplied, in addition to the creation of some formations”.

He pointed out that “the draft to amend the law is still in the preparation phase, and cooperation is being done with a foreign consultant contracted with the ministry to provide his comments, and then the draft will be submitted to the Council of Ministers and to the advisors, and then to the State Council, in order to study the extent of its consistency with the legal system in the country”.

He continued: “After that, the draft will return to the Council of Ministers and then to House of Representatives to complete legislative procedures  https://www.mawazin.net/Details.aspx?jimare=256263

Oil Prices Continue To Gain.. Brent Exceeds $ 74

Energy  Economy News - Follow-up  Oil prices extended gains in early Friday trading, jumping more than a dollar a barrel, trimming their weekly losses after reports that Iran was preparing to launch a retaliatory strike on Israel from Iraqi territory in the coming days.

Brent crude futures, which began trading for January, rose $1.31, or 1.80 percent, to $74.12 a barrel by 0128 GMT.

U.S. West Texas Intermediate (WTI) crude futures rose $1.35, or 1.95 percent, to $70.61 a barrel after settling 0.95 percent higher in the previous session, Reuters data showed.

Israeli intelligence indicates that Iran is preparing to attack Israel from Iraqi territory in the coming days, perhaps before the upcoming US presidential elections on November 5, according to what the Axios website reported yesterday, Thursday, citing two unnamed Israeli sources.

https://economy-news.net/content.php?id=49365

Iraq Reduces Oil Exports To 3.3 Million Barrels Per Day

Friday 01, November 2024 | Economic Number of readings: 174  Baghdad / NINA / The Ministry of Oil announced today, Friday, that Iraq has reduced its production and reduced its oil exports to 3.3 million barrels per day.

The ministry stated in a statement, "In line with the commitment of the Republic of Iraq to the decisions of OPEC and the allied countries within the Joint Cooperation Agreement (DoC) regarding the voluntary reduction of oil production, we confirm that Iraq has reduced its production and reduced its oil exports to 3.3 million barrels per day, in addition to reducing domestic consumption."

The statement added, "This reduction will continue during the coming months to ensure that production remains within the agreed limits, and to compensate for the surplus produced in the past months," stressing that "this measure aims to enhance balance and stability in global oil markets." / End8

https://ninanews.com/Website/News/Details?key=1165668

Al-Mandlawi And Al-Hakim Agree To Proceed With The Legislation Of Important Laws And Activate The Supervisory Aspect

Friday 01 November 2024 | Politics Number of readings: 217   Baghdad / NINA / The First Deputy Speaker of the Council of Representatives, Mohsen Al-Mandalawi, received at his residence today, Friday, the head of the National Wisdom Movement, Ammar Al-Hakim.

Al-Hakim congratulated the success of the process of electing a new Speaker of the Council of Representatives, which contributes to completing the political entitlements and continuing the steps to strengthen the oversight and legislative role, praising the great role of Al-Mandalawi, who worked to manage the legislative authority with all professionalism and transparency and contributed to the completion of a group of the most important laws that were suspended for long periods.

Al-Mandalawi said that all national political forces work on the principle of keenness, responsibility and integrated work to activate the oversight and legislative aspect and increase interest in meeting the aspirations of the people and supporting service orientations, and preserving security and stability. /End8   https://ninanews.com/Website/News/Details?Key=1165676

Presidencies Congratulate And Powers Bless The Resolution Of The Knot Of Choosing The Speaker Of Parliament

November 1, 2024  Baghdad - Nada Shawkat  Baghdad streets turned into lakes after a wave of heavy rains, the day after MP Mahmoud al-Mashhadani was elected as Speaker of Parliament following disputes over the position that lasted for about a year after the dismissal of former Speaker Mohammed al-Halbousi by a decision of the Federal Supreme Court, indicating that his election reflects a new beginning full of goodness and opportunities.

Al-Mashhadani said after announcing that he had gained the confidence of the representatives that (this responsibility is an important and great assignment and I will do my utmost to live up to your expectations and I hope to be at its level, and from here I pledge to you that we will work as a cohesive team to legislate laws that serve the people of our country, and I put my hand in yours to monitor the performance of the government and its program that it presented to the House of Representatives when it was approved and during the remaining period of its life to reach the best desired results). Prime Minister Mohammed Shia al-Sudani congratulated al-Mashhadani on his election as Speaker of Parliament.

Al-Sudani confirmed in a statement received by (Al-Zaman) yesterday (the government's determination to continue implementing its service and development program, in full cooperation with the constitutional authorities, foremost of which is the legislative and oversight authority, represented by the House of Representatives).

For his part, President of the Republic Abdul Latif Jamal Rashid considered the election of the parliament as its speaker an important step in completing the constitutional and national entitlements.

 Rashid said in a post on the X platform (Sincere congratulations to Al-Mashhadani on the occasion of his election as Speaker of the Council of Representatives), adding that (the election of the Council of Representatives as its Speaker is an important step in completing the constitutional and national entitlements).

Meanwhile, the President of the Kurdistan Region, Nechirvan Barzani, expressed in a statement received by (Al-Zaman) yesterday his hope that (the election of Al-Mashhadani will contribute to strengthening national solidarity, and will push everyone to make every possible effort to serve the homeland with all its components).

For his part, the Prime Minister of the region, Masrour Barzani, congratulated Al-Mashhadani in a statement yesterday on the occasion of his election as Speaker of the Federal Council of Representatives, wishing him success in performing his duties).

The First Deputy Speaker of the Council of Representatives, Mohsen Al-Mandalawi, congratulated Al-Mashhadani on the occasion of his election as Speaker of the Iraqi Council of Representatives in its fifth session.

In a statement received by (Al-Zaman) yesterday, he said that (the presidency and members of the House of Representatives are keen, during the current parliamentary session, to complete the maturation and legislation of laws that meet the aspirations of the people and touch their living and service reality). Meanwhile, the Minister of Industry and Minerals, Khaled Batal Al-Najm, congratulated Al-Mashhadani on his election as Speaker of the Iraqi House of Representatives.

 In a statement received by (Al-Zaman) yesterday, Al-Najm wished (Al-Mashhadani success in his duties to serve Iraq, achieve the aspirations of the people, and enhance the legislative and oversight role of the Iraqi Parliament).

 In addition, the head of the Progress Party, Mohammed Al-Halbousi, received Al-Mashhadani after his election as Speaker of the House of Representatives. Yesterday's statement said that (the meeting witnessed discussion of a number of files and laws to be legislated in Parliament).

Al-Halbousi had previously accused Al-Sudani of communicating with the representatives to support another candidate for the presidency of Parliament. He said in a televised statement yesterday that (many forces have abandoned their position for political motives).

The former head of the Sovereignty Alliance, Khamis Al-Khanjar, also met with Al-Mashhadani and a number of the alliance’s representatives.

Yesterday’s statement indicated that (Al-Khanjar congratulated Al-Mashhadani on gaining the confidence of the representatives, and reminded him of the amnesty law and the dissolution of the Accountability and Justice Commission).

The head of the Azm Alliance, Muthanna Al-Samarra’i, received the new Speaker of the House of Representatives.

Yesterday’s statement said that (Al-Samarra’i received Al-Mashhadani, and praised the support provided by the national forces to back the alliance’s demand to hold the session and elect him with the aim of achieving this important entitlement).Al-Mashhadani received 181 votes, compared to 43 votes for Salem Al-Issawi.

The House of Representatives went to a second round to elect its new speaker, during a session held the day before yesterday, after no candidate received enough votes to win.

The results of the first round showed that the candidate of the Progress Party, the Sunni majority, and a number of blocs of the Coordination Framework, Al-Mashhadani, came ahead after receiving 153 votes, while Al-Issawi, the candidate of the Azm and Sovereignty Alliances, received 95 votes, while independent MP Amer Abdul Jabbar received 9 votes, while there were 15 invalid votes.  LINK

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

Short Friday Evening Chat With MarkZ 11-1-2024

Friday Evening Chat With MarkZ

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Good Evening and welcome to the weekend

Member: I saw some skeletons on a front porch yesterday and I thought it was a thing for Halloween but then a found out it was people waiting for the RV.

MZ: “Iraq signs gas field development contract “ This is important . Under Saadam Hussein they burned off the natural gas. Today they signed 14 contracts expected to add 850 million cubic feet of gas per day. This is going straight to the Iraqi coffers. They can afford a revaluation of their currency.  This is a country on the precipice of greatness.

Member: What do you think the rate is going to be Mark.

MZ: Just a guess….But, I think it could be $3.91.

MZ: No CMKX updates …but I have been searching for one.

Member: Silence is golden?

MZ: I think it is.

Member: doesn’t it make sense that maybe the Iraqi dinar goes by itself as a test and then the rest of the currencies follow?

MZ: On the bond side still great expectations. Possibly the facilitators getting their 1% over the weekend. If this happens we will celebrate. I will keep you updated.

Member: Will redemption center bankers be working this weekend.

MZ: Two out of 3 told me they will be working this weekend. At least half the weekend. Don’t know if its more preparation to be ready…..or if they hope to actually be processing people. .

Member: What song is the Fat lady going to sing when RV happens?

Member: The fat lady is gonna sing ( These Boots are made for walking)

Member: Only 3 days until the election…..Then maybe the PTB will pull the RV trigger!!!

Member: This coming Monday people around the world are going to pray for our world at 6 PM your local time!!!!!!

Member: Thanks Mark and mods….see you all tomorrow morning

Member: Good to be here with such great people... have a fabulously fantastic weekend everyone!

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.

JOIN US ON SATURDAY MORNING AT 9:45 AM WITH THE CBD GURUS AND NEWS AT 10:30 AM! SEE YOU THERE.

Youtube:     https://www.youtube.com/watch?v=JITWh2Vw9yE

GoldSilver: What are the BRICS Nations Preparing for?

GoldSilver: What are the BRICS Nations Preparing for?

Mike Malony:  Nov. 1, 2024

BRICS is making waves on the global stage, and in this eye-opening video, we explore the recent BRICS Summit's key revelations, highlighting the alliance's economic resilience, military strategies, and ambitious plans to reshape international trade systems.

Despite facing heavy Western sanctions, Russia and its BRICS partners seem far from isolated. In fact, they’re laying the groundwork for a new world order. Discover:

The impressive economic gains of BRICS nations, including India's role as a major trade intermediary.

How Russia’s oil revenues continue to thrive despite sanctions.

Alarming military developments, from North Korean troops in Ukraine to Iran’s call for a global military coalition.

A deeper look into Russia’s narrative on the Ukraine conflict and the contradictions in claims of its isolation.

Strategic moves towards decoupling from Western financial influence, including Putin’s plans for food security and local currency settlements.

As tensions rise globally, are we on the brink of a major shift? Prepare to rethink everything.

In a world increasingly divided along geopolitical lines, the BRICS alliance (Brazil, Russia, India, China, and South Africa) is making significant waves on the global stage. Recently, an eye-opening video by GoldSilver featuring Alan Hibbard peeled back the layers on the latest BRICS Summit, shedding light on the alliance’s growing economic resilience, military strategies, and ambitious plans to reshape international trade systems.

Despite heavy Western sanctions, particularly against Russia, BRICS nations appear to be crafting a robust counter-narrative to the established order, signaling the potential for a new world dynamic.

One of the most striking aspects of the recent BRICS Summit is the impressive economic gains shown by its member nations. Hibbard points out how India, in particular, is emerging as a significant trade intermediary, bridging gaps between East and West while facilitating trade routes that bypass traditional Western-dominated systems.

This pivot towards local currencies and bilateral trade agreements showcases BRICS nations’ commitment to establishing an economic framework less reliant on the U.S. dollar.

Russia, often viewed through a lens of isolation due to stringent sanctions, continues to see its oil revenues soar, bolstered by rising demand in Asia and selective trade partnerships. The adaptability of these nations in the face of Western pressures not only undermines the efficacy of sanctions but also affirms BRICS’ resolve to carve out an independent economic space.

One of the most pivotal discussions at the recent BRICS Summit revolved around the strategic moves to decouple from Western financial dominance. Hibbard highlights President Putin’s plans for achieving food security through enhanced local currency settlements, underscoring a shift that could disrupt the prevailing dollar-centric global trading system.

 As BRICS nations maneuver to establish alternative financial mechanisms, the implications are profound: we may be witnessing the early foundations of a multi-currency system that challenges the longstanding supremacy of the U.S. dollar.

As tensions escalate globally, the world finds itself on the precipice of a significant shift. The BRICS alliance, through its economic, military, and strategic initiatives, asserts itself as a formidable player on the international stage. Hibbard’s insights compel us to reconsider previously held notions about isolation, cooperation, and the ever-evolving dynamics of global power structures.

In conclusion, the BRICS nations are not merely reacting to external pressures; they are actively defining their future through collaboration, resilience, and innovation. As we navigate these changes, it is crucial for observers and participants in the global arena to reassess their strategies and alliances, preparing for a reality that may look vastly different in the not-so-distant future.

The question looms large: are we on the brink of a major shift in the global order? Only time will tell, but with BRICS making such substantive moves, it seems more plausible than ever.

https://www.youtube.com/watch?v=vnPAJYZgrx4