15 Ways to Safe Guard Sudden Wealth
15 Ways to Safe Guard Sudden Wealth
In this Alux.com video we will be answering the following questions:
What to do with money?
What to do if you suddenly get money?
What to do if you inherit a large sum of money?
15 Ways to Safe Guard Sudden Wealth
In this Alux.com video we will be answering the following questions:
What to do with money?
What to do if you suddenly get money?
What to do if you inherit a large sum of money?
What to do if you win a large sum of money?
What to do if you win a fortune?
What to do after you sell your company?
00:00 - Intro
00:46 - Don’t tell a soul!
01:35 - Get rid of high interest debt immediately!
02:10 - Max out your retirement
02:49 - Instead of paying off your house: 75% of it should go towards rental properties
03:42 - Instead of going on holiday: 10% to alternative investments with proven track record
05:20 - Get an accountant or tax advisor to make sure everything is by the book
05:59 -Don’t screw around - now you have something to lose
06:44 - Control your spending urges
07:51 - Consider inflation and adjust for it
08:40 - You gotta get smart about money
10:10 - Consider the lifetime cost of ownership for the things you buy
11:44 - Do not give away parts of the principal to your family or friends
12:42 - Do not give away a portion of it to charity
14:20 - Move the money out of the country
15:14 - Develop a vision for the rest of your life
Wednesday Evening Chat With MarkZ 11-6-2024
Wednesday 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…. I hope we have good news tonight
Member: I hope everyone has had a fine day?
Member: YeeHaaa I'm praying for a weekend release.
Wednesday 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…. I hope we have good news tonight
Member: I hope everyone has had a fine day?
Member: YeeHaaa I'm praying for a weekend release.
Member: This is a 3 day weekend for Veterans day.
MZ: There is a lot of anticipation for this weekend.
Member: Mark ???? So now what happens ??? RV ???
MZ: Bonds, bankers, groups were dead silent today…..I go straight to voicemail on many of them. I don’t’ know if that means they moved forward…(hope it does) or maybe they were up till 4:30-5:00 Am waiting for the event. So IMO they are regrouping or things starting ripping in the wee hours this morning. The whole world is pivoting and adjusting right now.
MZ: “2025-Strong National Economy and solid banks” They are telling you what they have done and how prepared they are for the future. How solid and secure they are. Flashback to Dr. Shabibi saying “You give me a stable and safe Iraq and I will give you a higher value” We are watching his plan play out.
MZ: “Central Bank Governor stresses the need for cooperation to facilitate trade with Azerbaijan” Why is this important? International trade. And what do they need for international trade? An internationally accepted currency
MZ: “Sudani congratulates Trump and vice President on winning the White House race” Sudani believes it will bring stability to the middle east.
MZ: “Trump wins with the dollar at a new high-the beginning of a new era?” This is coming out of Iraqi news. They are concerned they need to move forward quickly because the dollar gained an enormous amount of strength. Higher than it’s been in a year.
Member: I would love to see Iraq do something quickly.
Member: Bottom line- the Dinar to the dollar is 1310 or .00076. No way can they build their country back at that rate. They would go broke. They have to revalue their currency.
Member: Mark does the dinar have to be on the FOREX before we go?
MZ: They go on the forex at the same time we go. That’s how I was told.
Member: I heard the HCL was in the Gazette today
MZ: I did not see it in the Gazette today. I would imagine it would be on the front page. Do I expect it at any moment? I do.
Mark, do you think the outcome of the election makes a RV more likely to occur soon, or perhaps sometime after the inauguration?
Member: Monday November 11th is Veterans Day
Member: Really hope we RV by Thanksgiving.
MZ: MilitiaMan is planning on joining us tomorrow morning with a new update . Unless something comes up.
Member: Your watching amazing progress happening...more than ever...Biblical, Historical WIN!!!...Our Worldwide RAINBOW is AHEAD
Member: Thanks to all….sleep well and maybe tomorrow is our big day.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
Bruce’s Big Call Dinar Intel Tuesday Night 11-5-24
Bruce’s Big Call Dinar Intel Tuesday Night 11-5-24
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It's Tuesday, November 5th Election Day in the States, United States, and welcome to the Big Call. Glad to have everybody here tonight. We're going to try to do the call in an hour or so, so that we can get everybody watching whatever they want to watch, in terms of election returns and election results, that kind of stuff.
All right. So I think we can get the call in. We'll do the best we can and let’s pray the call in.
Bob, I realized that I guess I was off of the call and didn't realize it. So did any of my Intel make it it’s way out? Okay, I'm going to do short Intel update.
What happened to you? You said you left calls, and then ?
I had some incoming calls and then I got out of them, and next thing I know, I thought I was still on the big call, but I wasn't. Evidently, I wasn’t,
Bruce’s Big Call Dinar Intel Tuesday Night 11-5-24
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It's Tuesday, November 5th Election Day in the States, United States, and welcome to the Big Call. Glad to have everybody here tonight. We're going to try to do the call in an hour or so, so that we can get everybody watching whatever they want to watch, in terms of election returns and election results, that kind of stuff.
All right. So I think we can get the call in. We'll do the best we can and let’s pray the call in.
Bob, I realized that I guess I was off of the call and didn't realize it. So did any of my Intel make it it’s way out? Okay, I'm going to do short Intel update.
What happened to you? You said you left calls, and then ?
I had some incoming calls and then I got out of them, and next thing I know, I thought I was still on the big call, but I wasn't. Evidently, I wasn’t,
I'll do a short intel segment, and I'll talk a little bit about the options that you two have -
Okay. I said earlier, but nobody heard it, because I was off the call, and I said that we were expecting our contact in Iraq that's got ties with the Iraqi government, is saying that we will have exchanges and have monies in two to four days. That would be Thursday to Saturday, is what he's telling us.
And so that's encouraging – we heard we should get numbers tomorrow or Thursday, and probably start exchanges on Thursday, along with a redemption of Zim on Thursday. And let's see other than that, I mentioned. Did you guys hear anything about the RNR or the Social Security increase?
Did you think you were talking to us on the call?
I did. Yes, I did. Social Security was supposed to start in November this month, but we'll see how that comes in and then Restitution, Reclamation allowance will probably start, but we might need NESARA to be announced, which could be the weekend. We could get an announcement over the weekend on that. So we're just going to stay tuned and see how that comes in.
And that's really all the intel that that we had to bring out tonight in a little different ways. I said it a little differently, So that is really what I wanted to say tonight And that is that.
So let's do this. Let's pray the call out and keep an eye on our emails over the next few days and see if yes between tomorrow and Saturday, all right, and we'll watch the election results come in,
Lord God, thank you for all that you've done for us so far to get us to this point. Thank you for providing for us, healing and for making us so wait so we for something that we're looking forward to so much. Thank you for your trust in us as we trust in you, in Jesus name, Amen and Amen.
Well, guys, thanks a lot for the call tonight. I appreciate it. Sorry I somehow got kicked off and didn't realize it until I came on the work so let's see what happens on the next few days, and we'll see if we do a call Thursday night.
Meantime, let's turn off the recording.
Bruce’s Big Call Dinar Intel Tuesday Night 11-5-24 REPLAY LINK Intel Begins 1:00:50
Bruce’s Big Call Dinar Intel Thursday Night 10-31-24 REPLAY LINK Intel Begins 1:15:45
Bruce’s Big Call Dinar Intel Tuesday Night 10-29-24 REPLAY LINK Intel Begins 1:13:23
Bruce’s Big Call Dinar Intel Thursday Night 10-24-24 REPLAY LINK Intel Begins 1:13:50
Bruce’s Big Call Dinar Intel Tuesday Night 10-22-24 REPLAY LINK Intel Begins 1:15:35
Bruce’s Big Call Dinar Intel Thursday Night 10-17-24 REPLAY LINK Intel Begins 1:18:55
Bruce’s Big Call Dinar Intel Tuesday Night 10-15-24 REPLAY LINK Intel Begins 1:11:00
Bruce’s Big Call Dinar Intel Thursday Night 10-10-24 REPLAY LINK Intel Begins 51:11
Bruce’s Big Call Dinar Intel Tuesday Night 10-8-24 REPLAY LINK Intel Begins 1:03:35
Bruce’s Big Call Dinar Intel Thursday Night 10-3-24 REPLAY LINK Intel Begins 1:08:08
Bruce’s Big Call Dinar Intel Tuesday Night 10-1-24 REPLAY LINK Intel Begins 1:14:45
Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 11-6-24
Good Afternoon Dinar Recaps,
JP MORGAN REBRANDS BLOCKCHAIN UNIT TO KINEXYS
JP Morgan has rebranded its Onyx blockchain unit to Kinexys by JP Morgan. The move was announced today by Umar Farooq, the global co-head of JP Morgan payments during the Singapore Fintech Festival.
As we previously reported, the blockchain platform has executed more than $1.5 trillion in notional value since launch, with current volumes exceeding $2 billion daily. That’s still tiny compared to the $10 trillion in conventional payments that the bank processes daily.
Good Afternoon Dinar Recaps,
JP MORGAN REBRANDS BLOCKCHAIN UNIT TO KINEXYS
JP Morgan has rebranded its Onyx blockchain unit to Kinexys by JP Morgan. The move was announced today by Umar Farooq, the global co-head of JP Morgan payments during the Singapore Fintech Festival.
As we previously reported, the blockchain platform has executed more than $1.5 trillion in notional value since launch, with current volumes exceeding $2 billion daily. That’s still tiny compared to the $10 trillion in conventional payments that the bank processes daily.
The new name combines the concepts of “kinetic” and “connection”, to reflect the worldwide movement of money, assets and financial information using the efficiencies of DLT.
The highest profile Onyx solution is the blockchain based bank account system, JPM Coin Systems, which enables corporates to move money between JP Morgan accounts in different countries, in real time and 24/7. That is now rebranded to Kinexys Digital Payments. Brevan Howard Digital Assets is a new client of the solution.
Onyx Digital Assets, now Kinexys Digital Assets, is an umbrella for multiple solutions that include intraday repo, tokenized collateral and bond issuance. Singapore’s OCBC is the latest bank to start using the repo solution.
Onyx’s first product was Liink, the blockchain based payments messaging network that enables sharing of data about conventional payments to reduce delays because of compliance of other queries. It is renamed to Kinexys Liink.
One of the most logical moves is the rebranding of the slightly awkward sounding Blockchain Launch to Kinexys Labs.
In other news, the unit is planning to support foreign exchange as part of Kinexys Digital Payments. JP Morgan was previously involved in DeFi-style FX trials using automated market makers as part of one of the first Singapore Project Guardian tests.
Additionally, Kinexys Digital Assets and Kinexys Labs is running a proof of concept for on-chain privacy, identity and composability.
Why rebrand?
The bank is spinning the rebrand as a positive step, as one would expect. However, the trigger is likely trademark issues. Given Onyx is a generic word, it would encounter potential challenges.
A company that was already using the name might have objected to trademark applications or even alleged infringement.
Last June the bank applied for trademarks for Onyx Digital Payments and Onyx Digital Assets.
The records show the U.S. Patent and Trademark Office (USPTO) examiner sent initial refusals for the trademarks on various grounds, including partial overlaps with existing trademarks for similar use cases and other applications that pre-dated these applications. Given JP Morgan’s lawyers didn’t respond, the applications were treated as abandoned.
There’s also an OnyxCoin, as in a cryptocurrency, something the bank would likely not want to be confused with.
@ Newshounds News™
Source: Ledger Insights
~~~~~~~~~
REPUBLICAN SENATE MAJORITY SIGNALS MORE ‘PRO-CRYPTO CONGRESS’
A Republican-led Senate is poised to pass clearer crypto regulations, signaling a shift toward industry-friendly policies in the US.
The Republican Party has secured majority control of the United States Senate, offering a promising outlook for cryptocurrency regulations in the world’s largest economy.
Republicans took control after securing key Senate seats in Ohio and West Virginia, according to the Associated Press.
Over 240 pro-crypto candidates were elected to the House of Representatives and Senate in a “historic achievement” for clear crypto regulations in the US, according to Anastasija Plotnikova, the CEO and co-founder of Fideum, a regulatory and blockchain infrastructure firm focused on institutions.
Plotnikova told Cointelegraph:
“It paves the way for harmonized crypto regulations that will drive innovation, boost competition and incentivize talent to return. The US crypto industry worked for years to make this happen, and I eagerly await seeing the deliverables implemented.”
A Republican-led Senate, paired with a presidential administration that supports crypto, could lead to innovation-friendly regulations. This could help the US regain ground as a global leader, particularly as Europe moves closer to implementing its comprehensive regulatory framework, the Markets in Crypto-Assets Regulation (MiCA) bill, by the end of 2024.
Lighter regulations and more oversight for CFTC
A Republican Senate may finally bring clarity to US crypto regulations, according to Anndy Lian, author and intergovernmental blockchain expert.
He told Cointelegraph:
“The Republican focus on reducing government oversight could lead to a lighter regulatory touch, which would be a win for the industry […] A Republican Senate could mean fewer aggressive anti-crypto moves and more opportunities for open discussions about how to support innovation.”
The new Senate may review delayed business-friendly bills like the Digital Commodities Consumer Protection Act, which would grant the Commodity Futures Trading Commission (CFTC) exclusive jurisdiction over digital asset trading, Lian added.
The crypto industry is also hoping to see the approval of the Bitcoin Act, championed by Wyoming Republican Senator Cynthia Lummis. The bill proposes the creation of a strategic Bitcoin reserve for the US, making it the first nation to use it as a “savings technology.”
The bill cited the US’ “soaring inflation rates” and the national debt reaching “unprecedented heights” as reasons for the adoption of Bitcoin reserves to bolster the country’s balance sheet.
Republican Senate to change SEC oversight over crypto industry?
Controlling the Senate is at least as important for the future of crypto regulations as the president, according to James Davies, CEO of Crypto Valley Exchange.
This could significantly change the Securities and Exchange Commission’s oversight of the crypto space, Davies told Cointelegraph:
“This shift changes SEC oversight, which has proven to be as impactful as, if not more than, the SEC chair […] Now we await public announcements from Trump on SEC nominations to fulfill his promises to the US crypto community that supported him.”
Davies said he hopes that Chris Giancarlo, former CFTC chair, will be nominated for Gensler’s seat at the SEC.
The crypto industry sees the 2024 presidential elections as a net positive. Coinbase co-founder and CEO Brian Armstrong said it was “America’s most pro-crypto Congress ever,” which will facilitate more explicit crypto regulations.
@ Newshounds News™
Source: CoinTelegraph
~~~~~~~~~
🌱IRAQI DINAR'S BIG MOVE | Youtube @ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
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Some “Iraq Economic News” Posted by Clare at KTFA 11-6-2024
KTFA:
Clare: Makkia: Iraq is heading towards a major investment marathon
11/6/2024 Baghdad
The head of the National Investment Commission, Haider Makiya, confirmed on Wednesday that Iraq is heading towards a major investment marathon for many projects, while he indicated that funding from international institutions reduces the burden on the Ministry of Finance by granting loans for investment projects.
Makiya said in a statement reported by the official news agency, and seen by "Al-Eqtisad News", that "we found many economic visions in the first version of the Iraq Economic Forum"
KTFA:
Clare: Makkia: Iraq is heading towards a major investment marathon
11/6/2024 Baghdad
The head of the National Investment Commission, Haider Makiya, confirmed on Wednesday that Iraq is heading towards a major investment marathon for many projects, while he indicated that funding from international institutions reduces the burden on the Ministry of Finance by granting loans for investment projects.
Makiya said in a statement reported by the official news agency, and seen by "Al-Eqtisad News", that "we found many economic visions in the first version of the Iraq Economic Forum", noting that "the issue of the possibility of benefiting from the financing of international institutions known to the Central Bank was raised in order to reduce the burden on the Ministry of Finance to grant loans and facilities to local investment projects or even foreign projects."
He added, "It is necessary to seek external funding to finance investment projects, especially since Iraq is about to embark on a major investment marathon for many investment projects inside Iraq."
Makiya explained that "the understandings with the International Financing Program are still in effect, and we hope for all major investment projects in the field of renewable energy and waste treatment to generate electricity," noting that "we hope to search for solid institutions to develop the projects, especially since their amounts are very large." LINK
Clare: Central Bank Governor receives Azerbaijani Ambassador
November 06, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received His Excellency the Azerbaijani Ambassador to Iraq, Mr. Nasir Mammadov.
During the meeting, they discussed cooperation relations between Iraq and Azerbaijan and ways to develop them to include various economic fields. His Excellency the Governor stressed the need to improve the nature of bilateral relations and expand the horizons of cooperation in the banking sector for the two countries, in addition to their positive impact on the economic, tourism and investment sectors.
He pointed out the importance of cooperation in terms of exchanging experiences and the process of transferring money to facilitate trade between the two countries.
For his part, His Excellency the Ambassador stressed the importance of economic relations with Iraq and the need to overcome obstacles to enhance and grow them, extending an invitation to His Excellency the Governor to visit Azerbaijan in preparation for future cooperation in the economic and banking fields.
Central Bank of Iraq
Media Office
November 6, 2024
*************
Clare: Iraq's share in the IMF
11/6/2024
When Iraq announced that it had paid off all its debts to the International Monetary Fund last May, Reuters quoted the Fund as saying that Iraq was facing internal imbalances exacerbated by the large financial expansion and the decline in oil prices, and that it needed to gradually correct the public finances to achieve debt stability in the medium term and rebuild reserves.
Mohammed Sharif Abu Maysam
At the same time, despite the expansion in public finance management with the aim of achieving significant increases in growth rates, the Ministry of Planning announced a decline in inflation rates from 7.5 percent to 4 percent, which is a positive precedent that has never happened before and is credited to those in charge of monetary and financial policies. It was leaked from the Central Bank that the cash reserve exceeds 110 billion dollars and that the country’s gold reserves amounted to nearly 150 tons.
The full repayment of the country's debt to the International Monetary Fund, the decline in the inflation rate and the increase in the cash reserve rates were indicators of a major shift in economic policies, not because the amount of debt was large, exceeding about eight billion dollars, but because such debts are usually conditional in the context of the so-called economic reform program that aims to privatize state functions and link the country's fate to the policies of the creditor parties and those behind them.
It is known globally that governments that can get rid of the burden of debt to the Fund and the World Bank are the most successful in managing the affairs of their countries and implementing their programs related to supporting macroeconomic stability and implementing the necessary financial reforms. Supporting the ration card program was not only a direct reason for reducing inflation rates, but other factors related to monetary and financial policies and limiting parallel markets, and the flow of foreign currency with supporting the local product contributed to achieving this.
Thus, increasing the percentage of the country's gold reserves contributed as a tool to cover the local currency and a safe means of hedging against economic fluctuations and security tensions witnessed by the world and the region.
Accordingly, those in charge of economic policy files prove their success, and it is our duty to point out that these successes, just as it was our duty to always point out the points of weakness and stumbling with the aim of monitoring and correcting, have proven the inaccuracy of the vision presented by the International Monetary Fund regarding the situation of public finances, debts, and rebuilding reserves.
Today, Iraq intends to increase its share in the International Monetary Fund by the equivalent of 1.45 trillion dinars, which will support its voting power within the Fund, contribute to attracting investments, create a promising business environment, and achieve real development, thus addressing the problem of inflation in the labor market and implementing the components of the government program. LINK
Clare: 2025 Strong national economy and sound banks
Samir Al-Nusair
In an important presentation before the MERI Conference on Economic, Financial and Banking Reform, the Governor of the Central Bank, Mr. Ali Mohsen Al-Alaq, explained the indicators of the recovery of our national economy and the major transformations in the structure of government and private banks achieved in 2023 and 2024 and expected in 2025.
These are standard indicators that are relied upon to evaluate the strength of the economy and the soundness of the banking sector.
The most prominent of these indicators are the sufficiency of foreign cash reserves, the local currency issued, the inflation rate and the external debt, while emphasizing that the objectives of the monetary policy of the Central Bank stipulated in its applicable law are to achieve economic growth and stability, and that one of its main objectives is to achieve stability in the financial and monetary system, reduce inflation rates and stabilize the prices of goods and services in extremely complex economic, security and political conditions that Iraq suffered from in 2023 and 2024 and that the world is currently going through, especially the countries of the geographical region, which our country is negatively and positively affected by.
These conditions have been suffered by our economy for decades, and the reason is the rentier economy and the dependence of 95% of the general budget revenues on oil, which constitutes approximately 60% of the gross domestic product.
The government is making clear efforts to revolutionize the active economic sectors, namely agriculture, industry, tourism, customs and tax services fees, and to increase their share in the general budget revenues to 20%. The low contribution of these sectors to the gross domestic product has led to the absence of local production that covers the consumption needs of citizens for food and other basic materials. Therefore, there was almost complete dependence on imports for the private commercial sector from different sources.
Successive governments were unable to control internal trade and regulate foreign trade, and the weak control over illegal trade and unofficial border crossings, which led to the impact on the monetary and commercial market.
Therefore, this indicator was the most prominent challenge facing monetary policy and directly affected the stability of the exchange rate, which led the Central Bank to take many measures in cooperation with the government to regulate foreign trade, control foreign transfers, regularity in the global financial and banking system, compliance with international standards, digital transformation in the banking sector, and work on preparing and launching its new strategy for banking reform
And classification in all its basic links at the level of internal and external banking transactions, the most prominent of which is securing the US dollar for major and registered traders and for every trader, regardless of his classification, at the official price exclusively through the electronic platform.
This was achieved through analyzing the indicators of the annual inflation rate, which amounted to 3.8% after it was 4.4%, and by comparing it with the annual inflation rates of regional and neighboring countries. Inflation rates in most of these countries reached very high rates, reaching 80.2% in Turkey, 117.4% in Sudan, 40.0% in Iran, and in the Maghreb countries with relative economic stability in Tunisia 9.3%, Algeria 9.0%, Morocco 5.0%, and in Egypt 37.4%, and in the Gulf countries with stable and oil-rich economies, they ranged between 2.4% and 4.8%.
This confirms, without a doubt, that the strategy of the Central Bank and its procedures during the years 2023 and 2024 achieved one of the basic objectives of monetary policy, which is to reduce the inflation rate and maintain the general level of prices of goods and services.
It is currently working to achieve other objectives, which are the stability of the exchange rate and maintaining a foreign reserve that covers the local currency in circulation and imports, which exceeded $100 billion, with a sufficiency of 140%, which covers the local currency in circulation.
Therefore, the economic results and outputs confirm that the policies and procedures undertaken by the Central Bank in cooperation with the government have achieved an important objective of monetary policy, to achieve stability in the monetary system, which is an important step in achieving the other objectives of monetary policy.
It must be noted that one of the most prominent indicators of the strength and recovery of our economy is what the International Monetary Fund recently predicted, that the expected economic growth rate in 2025 will be 5.3%, while it contracted by 2.2% in 2022.
The expected rate is higher than the growth rates in Morocco, Kuwait, Bahrain, Oman, Algeria, Jordan and Qatar. It is an indicator of the strength of our economy and is an inevitable result of the economic and financial reform programs implemented by the government and the Central Bank since 2023. LINK
Economist’s “News and Views” 11-6-2024
Gold's Biggest Year Since 1979: Why the West Is Now Buying Too & What’s Next | Joseph Cavatoni
Kitco News: 11-5-2024
Gold demand surged to historic highs in the third quarter, fueled by purchases from central banks, inflows to ETFs, and activity in opaque over-the-counter markets, as revealed in the World Gold Council’s Q3 2024 Gold Demand Trends Report.
In an interview, Jeremy Szafron, Anchor at Kitco News, discusses these findings with Joseph Cavatoni, Senior Market Strategist at the World Gold Council. Cavatoni provides a detailed breakdown of how geopolitical instability, from the U.S. election to escalating Middle Eastern tensions, is driving investors toward gold as a safe haven.
Gold's Biggest Year Since 1979: Why the West Is Now Buying Too & What’s Next | Joseph Cavatoni
Kitco News: 11-5-2024
Gold demand surged to historic highs in the third quarter, fueled by purchases from central banks, inflows to ETFs, and activity in opaque over-the-counter markets, as revealed in the World Gold Council’s Q3 2024 Gold Demand Trends Report.
In an interview, Jeremy Szafron, Anchor at Kitco News, discusses these findings with Joseph Cavatoni, Senior Market Strategist at the World Gold Council. Cavatoni provides a detailed breakdown of how geopolitical instability, from the U.S. election to escalating Middle Eastern tensions, is driving investors toward gold as a safe haven.
He also explains why the Western investor is getting back into gold. On top of that, he explores the impact of technology-driven demand, record mine production, and the constraints on consumer and jewelry purchases due to high prices.
00:00 - Gold’s Record Year
01:51 - Western Investors Return to Gold
03:42 - Why Now? Western Interest Explained
05:30 - ETF Inflows Rebound
07:24 - Eastern ETF Demand Surge
10:14 - OTC Market Overview
12:07 - Challenges in Tracking OTC
15:24 - Central Bank Buying Trends
18:19 - India’s Gold Repatriation
20:14 - Geopolitical Risks & Gold
21:40 - LBMA Conference on Central Bank Demand
24:02 - Jewelry Demand Falls Globally, India Rises
26:22 - Growth in Tech Demand for Gold
27:49 - Trends in Bar & Coin Market
28:50 - Q3 Demand Surprises
30:43 – Conclusion
STOCKS AND CRYPTO SKYROCKET! GOLD AND SILVER FALL...
Greg Mannarino: 11-6-2024
Surviving the Economic Collapse & Life Lessons - “We Have Years, Not Decades” - Frank Giustra
Daniela Cambone: 111-5-2024
Join Daniela Cambone & Frank Giustra in Italy as we explore his roots, go truffle hunting, and discuss the importance of respecting nature and good food. We also visit a rare Etruscan site, reflecting on the impermanence of empires. Don’t miss the emotional twist at the end!
Coffee with MarkZ and Andy Schectman. 11/06/2024
Coffee with MarkZ and Andy Schectman. 11/06/2024
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
Member: Happy Wednesday….good Morning fellow RV’ers
Member: Good morning folks, I hope the good news keeps flowing!
Member:. Let's get this new era started off with an RV and Nesara.
Coffee with MarkZ and Andy Schectman. 11/06/2024
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
Member: Happy Wednesday….good Morning fellow RV’ers
Member: Good morning folks, I hope the good news keeps flowing!
Member:. Let's get this new era started off with an RV and Nesara.
Member: You think we could have this RV in place before Thanksgiving? We would have a special blessing
MZ: Right now it is very quiet on the RV front as we are waiting for the world to wake up. I know that many of my contacts from around the world were up really late last night waiting for election results …so cannot get answers yet this morning.
MZ: Don’t panic- the world is figuring everything out right now. Hopefully by this evening we will have a better idea what is going on.
Member: I don’t expect anything RV related or Nasera or EBS until January after inauguration. IMO
Member: BUT, Sudani said the monetary reforms in Iraq should be done by Victory Day in Iraq which is December 10th!!!
Member: So maybe Iraq goes alone and first …..and the rest of the world shortly after they go???
Member: There is a rumor that the HCL in Iraq is done….can you confirm?
MZ: There are a lot of rumors overnight we will see HCL this week….Stay calm. We need to see actual physical proof of it.
MZ: Mr. C checked in this morning. No news from him…..yet
Member: Mark- What’s your gut feeling on timing?
Member: Did the election change the trajectory of the R.V.?
Member: this weekend I think it will start
Member: My Bank Story: spoke with the VP we were quickly discussing Wealth Management I stated to her she might want to invest in Dinar, Dong. She gave me her Personal phone number & said call me I heard about it
Member: love your story!
Member: it's true I have her personal phone number and I told her I will call her when it's time to exchange …she is so happy and said she's going out to purchase currency. I told her which ones to purchase.. she put her personal phone number on the bank card.. remember she's VP. she told me that there were other customers who told her about foreign currency
Member: Stock market going to moon and gold plummeting
Member: Funny how the dow can rise to the moon unrestricted,, but let it drop 1,000 points and they stop it.
Member: Either way the economy is going to collapse without getting off of the fiat currency
MZ: With Trump bringing in Judy Shelton –the sound money advocate….things will be even more positive for metals.
Meber: Get rid of the federal reserve and make Judy Sheldon the treasury secretary.
Member: Asset Backed Money Instead Of Fiat Currency Would Be A Great Way To Start IMO
Member: Will the market crash between now and January?.
Member: On the IQD RV side let’s hope this helps and no more excuses!
MZ: Nesara will be a game changer
Member: Yes, Mark Nasara will be the game changer!
Member: BRICS Is GESARA IMO
Member: Went to Banknote world this morning to buy more dong. Website said store front closed. No one answered the phone either. Anyone have any ideas why you can't order from the website?
Member: banknoteworld is down. says store front is closed......rv anyone?! let's go
Member: Let us hope this means something……
Member: I really think the RV could go at anytime now. Keeping my phone charged and hopes high
Member: Tomorrow is Thursday on a 3 day weekend RV RV RV….How great would it be to have the RV on Veterans Day Weekend!!!!!
Member: Have a very Happy Birthday to all of you celebrating!!
Andy Schectman from Miles Franklin joins the stream today. Please listen to the replay for his information.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
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Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Iraq News Highlights and Points To Ponder Wednesday AM 11-6-24
2025 Strong National Economy And Sound Banks
]Samir Al-Nusairi In an important presentation before the MERI Conference on Economic, Financial and Banking Reform, the Governor of the Central Bank, Mr. Ali Mohsen Al-Alaq, explained the indicators of the recovery of our national economy and the major transformations in the structure of government and private banks achieved in 2023 and 2024 and expected in 2025.
These are standard indicators that are relied upon to evaluate the strength of the economy and the soundness of the banking sector.
2025 Strong National Economy And Sound Banks
Samir Al-Nusairi In an important presentation before the MERI Conference on Economic, Financial and Banking Reform, the Governor of the Central Bank, Mr. Ali Mohsen Al-Alaq, explained the indicators of the recovery of our national economy and the major transformations in the structure of government and private banks achieved in 2023 and 2024 and expected in 2025.
These are standard indicators that are relied upon to evaluate the strength of the economy and the soundness of the banking sector.
The most prominent of these indicators are the sufficiency of foreign cash reserves, the local currency issued, the inflation rate and the external debt, while emphasizing that the objectives of the monetary policy of the Central Bank stipulated in its applicable law are to achieve economic growth and stability,
and that one of its main objectives is to achieve stability in the financial and monetary system, reduce inflation rates and stabilize the prices of goods and services in extremely complex economic, security and political conditions that Iraq suffered from in 2023 and 2024 and that the world is currently going through, especially the countries of the geographical region, which our country is negatively and positively affected by.
These conditions have been suffered by our economy for decades, and the reason is the rentier economy and the dependence of 95% of the general budget revenues on oil, which constitutes approximately 60% of the gross domestic product.
The government is making clear efforts to revolutionize the active economic sectors, namely agriculture, industry, tourism, customs and tax services fees, and to increase their share in the general budget revenues to 20%.
The low contribution of these sectors to the gross domestic product has led to the absence of local production that covers the consumption needs of citizens for food and other basic materials.
Therefore, there was almost complete dependence on imports for the private commercial sector from different sources. Successive governments were unable to control internal trade and regulate foreign trade, and the weak control over illegal trade and unofficial border crossings, which led to the impact on the monetary and commercial market.
Therefore, this indicator was the most prominent challenge facing monetary policy and directly affected the stability of the exchange rate, which led the Central Bank to take many measures in cooperation with the government to regulate foreign trade, control foreign transfers, regularity in the global financial and banking system, compliance with international standards, digital transformation in the banking sector, and work on preparing and launching its new strategy for banking reform
and classification in all its basic links at the level of internal and external banking transactions, the most prominent of which is securing the US dollar for major and registered traders and for every trader, regardless of his classification, at the official price exclusively through the electronic platform.
This was achieved through analyzing the indicators of the annual inflation rate, which amounted to 3.8% after it was 4.4%, and by comparing it with the annual inflation rates of regional and neighboring countries. Inflation rates in most of these countries reached very high rates, reaching 80.2% in Turkey, 117.4% in Sudan, 40.0% in Iran, and in the Maghreb countries with relative economic stability in Tunisia 9.3%, Algeria 9.0%, Morocco 5.0%, and in Egypt 37.4%, and in the Gulf countries with stable and oil-rich economies, they ranged between 2.4% and 4.8%.
This confirms, without a doubt, that the strategy of the Central Bank and its procedures during the years 2023 and 2024 achieved one of the basic objectives of monetary policy, which is to reduce the inflation rate and maintain the general level of prices of goods and services.
It is currently working to achieve other objectives, which are the stability of the exchange rate and maintaining a foreign reserve that covers the local currency in circulation and imports, which exceeded $100 billion, with a sufficiency of 140%, which covers the local currency in circulation.
Therefore, the economic results and outputs confirm that the policies and procedures undertaken by the Central Bank in cooperation with the government have achieved an important objective of monetary policy, to achieve stability in the monetary system, which is an important step in achieving the other objectives of monetary policy.
It must be noted that one of the most prominent indicators of the strength and recovery of our economy is what the International Monetary Fund recently predicted, that the expected economic growth rate in 2025 will be 5.3%, while it contracted by 2.2% in 2022.
The expected rate is higher than the growth rates in Morocco, Kuwait, Bahrain, Oman, Algeria, Jordan and Qatar. It is an indicator of the strength of our economy and is an inevitable result of the economic and financial reform programs implemented by the government and the Central Bank since 2023. https://economy-news.net/content.php?id=49540
Iraq's Gold Holdings Rise To More Than 152.5 Tons
Money and business Economy News – Baghdad The World Gold Council announced today, Wednesday, that Iraq has increased its gold holdings to more than 152.5 tons.
According to the latest table published by the Council for November 2024, which was reviewed by “Al-Eqtisad News”, “Iraq ranked 29th out of 100 countries listed in the table with the largest gold reserves,” indicating that “Iraq ranked third in the Arab world after Saudi Arabia and Lebanon.”
He added, "Iraq increased its gold holdings to 152.6 tons, after it had held 152.5 tons, which represents 11.5% of its remaining reserves."
The Council also pointed out that "the United States of America tops the list of countries with the largest gold holdings in the world, with 8,133.5 thousand tons, followed by Germany with 3,351.5 thousand tons, then Italy with 2,814 thousand tons, while Bosnia and Herzegovina came in last with 1.5 thousand tons."
The World Gold Council is headquartered in the United Kingdom, has extensive experience and in-depth knowledge of the factors that drive market change, and its members consist of the world's largest and most advanced gold mining companies. https://economy-news.net/content.php?id=49544
Iraq's Share In The IMF
Economic 2024/11/06 When Iraq announced that it had paid off all its debts to the International Monetary Fund last May, Reuters quoted the Fund as saying that Iraq was facing internal imbalances exacerbated by the large financial expansion and the decline in oil prices, and that it needed to gradually correct the public finances to achieve debt stability in the medium term and rebuild reserves.
Mohammed Sharif Abu Maysam At the same time, despite the expansion in public finance management with the aim of achieving significant increases in growth rates, the Ministry of Planning announced a decline in inflation rates from 7.5 percent to 4 percent, which is a positive precedent that has never happened before and is credited to those in charge of monetary and financial policies. It was leaked from the Central Bank that the cash reserve exceeds 110 billion dollars and that the country’s gold reserves amounted to nearly 150 tons.
The full repayment of the country's debt to the International Monetary Fund, the decline in the inflation rate and the increase in the cash reserve rates were indicators of a major shift in economic policies, not because the amount of debt was large, exceeding about eight billion dollars, but because such debts are usually conditional in the context of the so-called economic reform program that aims to privatize state functions and link the country's fate to the policies of the creditor parties and those behind them.
It is known globally that governments that can get rid of the burden of debt to the Fund and the World Bank are the most successful in managing the affairs of their countries and implementing their programs related to supporting macroeconomic stability and implementing the necessary financial reforms.
Supporting the ration card program was not only a direct reason for reducing inflation rates, but other factors related to monetary and financial policies and limiting parallel markets, and the flow of foreign currency with supporting the local product contributed to achieving this.
Thus, increasing the percentage of the country's gold reserves contributed as a tool to cover the local currency and a safe means of hedging against economic fluctuations and security tensions witnessed by the world and the region.
Accordingly, those in charge of economic policy files prove their success, and it is our duty to point out that these successes, just as it was our duty to always point out the points of weakness and stumbling with the aim of monitoring and correcting, have proven the inaccuracy of the vision presented by the International Monetary Fund regarding the situation of public finances, debts, and rebuilding reserves.
Today, Iraq intends to increase its share in the International Monetary Fund by the equivalent of 1.45 trillion dinars, which will support its voting power within the Fund, contribute to attracting investments, create a promising business environment, and achieve real development, thus addressing the problem of inflation in the labor market and implementing the components of the government program. https://alsabaah.iq/105468-.html
Iraqi Drilling: Drilling And Rehabilitating 15 Oil Wells In October To Boost Production
Posted on 2024-11-06 by sotaliraq The Iraqi Drilling Company, affiliated with the Ministry of Oil, has achieved remarkable progress in its operational projects in the Iraqi oil fields, as it announced its success in drilling and reclaiming 15 oil wells during last October.
These achievements come as part of the Ministry’s strategy to enhance oil production and increase the capacity of Iraqi fields, which contributes to supporting the national economy and meeting the growing needs of the local and international market.
Economic expert, Mohammed Samir Al-Kubaisi, explained “the importance of this progress in drilling and reclaiming oil wells,” noting that “it reflects Iraq’s commitment to developing its oil infrastructure and increasing its production to enhance its financial returns.”
He stressed that "these steps support economic stability and contribute to reducing dependence on imports, which strengthens Iraq's position as a major source in the global energy market."
He added that “increasing production would improve public revenues, which could be directed to development projects that contribute to improving services and strengthening the local economy.”
The Deputy Director General of the Iraqi Drilling Company, Kazem Habash Khalif, said in a statement that “the technical and engineering staff in the company were able to drill 4 new oil wells and reclaim 11 other wells, distributed across several oil fields in the country.
He added, "These achievements come within the framework of the company's commitment to enhancing oil production and adhering to the specified timetables."
He stressed that "the company is continuing to implement its ambitious plans to enhance the oil sector in Iraq in cooperation with national and international oil companies."
On the other hand, the Undersecretary of the Ministry for Gas Affairs, Ezzat Saber Ismail, confirmed that “the gas sector is receiving the attention of the government and the ministry,” noting that “the ministry’s strategy and plans aim to stop gas flaring within the next few years.”
The Undersecretary pointed out that “the ministry has contracted with specialized companies to invest in associated gas and convert it into energy that can be used to secure fuel for the electricity sector and develop industries in the field of petrochemicals and other industries,” explaining that “the ministry has achieved an investment rate of (67%) of gas, reaching (70%) by the end of this year.”
It is hoped, as part of future plans, that “new quantities will be added during the coming year.” LINK
Seeds of Wisdom RV and Economic Updates Wednesday Morning 11-6-24
Good Morning Dinar Recaps,
RIPPLE AND ARCHAX COLLABORATE TO LAUNCH $100M+ IN TOKENIZED ASSETS ON XRPL
▪️Ripple has renewed a 2022 partnership with Archax as part of the plans to attract millions of dollars to XRPL by next year.
▪️Archax has also announced its acquisition of Spanish broker King & Shaxson Capital Markets (KSCM).
Ripple (XRP) has announced an extension of its earlier partnership with the UK’s regulated custodian Archax to drive hundreds of millions of dollars of tokenized Real World Assets (RWA) to the XRP Ledger (XRPL). According to the report, this would also establish the XRPL as one of the leading blockchains for RWA.
Good Morning Dinar Recaps,
RIPPLE AND ARCHAX COLLABORATE TO LAUNCH $100M+ IN TOKENIZED ASSETS ON XRPL
▪️Ripple has renewed a 2022 partnership with Archax as part of the plans to attract millions of dollars to XRPL by next year.
▪️Archax has also announced its acquisition of Spanish broker King & Shaxson Capital Markets (KSCM).
Ripple (XRP) has announced an extension of its earlier partnership with the UK’s regulated custodian Archax to drive hundreds of millions of dollars of tokenized Real World Assets (RWA) to the XRP Ledger (XRPL). According to the report, this would also establish the XRPL as one of the leading blockchains for RWA.
In 2022, Ripple and Archax established their first partnership when Archax joined hands with Metaco to provide digital asset custody services to clients. Meanwhile, both parties admit that their compliance goal aligns with each other since they work hand in hand with policymakers and regulators across the globe to bring crypto and blockchain to the doorsteps of financial institutions.
Commenting on this groundbreaking partnership, CEO of Archax Graham Rodford disclosed that the company is excited to adopt the technology by bringing its assets to the XRPL.
We have hit the tipping point for mainstream adoption of digital assets for real-world use cases.
There is clear real-world utility in use cases like RWA tokenization for the operational efficiency, access to liquid markets, and transparency inherent to crypto, and Archax has already tokenized assets such as equities, debt instruments, and money market funds.
The XRPL, which is reported to have a strong foundation in RWA tokenization and institutional grade DeFi, has recorded more than 1,000 projects in the last decade. On top of that, it has successfully processed more than 2.8 billion transactions without disruption, supporting more than five million wallets within the process with over 120 validators.
Markus of RippleX Comments and Archax Recent Acquisition
According to Markus Infanger, SVP, RippleX, its collaboration with Archax could enhance the realization of its vision and support the UK-regulated firm to drive the adoption of blockchain.
Our industry is at the start of the next major adoption stage in which blockchain technology will deliver real utility in financial markets at scale.
Ripple is excited to see Archax’s vision of driving the adoption of blockchain and digital assets technology amongst financial institutions come to life, while further underlining the credentials of the XRPL as one of the leading blockchains for RWA tokenization.
Archax recently announced the acquisition of Spanish broker King & Shaxson Capital Markets (KSCM) as part of the effort to expand its operations across Europe.
Archax recently signed with Ripple, “to bring 100m’s of $ of tokenized RWA onto the XRPL over the coming year”. Since then, they have acquired a Spanish broker, KSCM, and partnered with Assetera for fund cross-listings. WrathofKahneman, November 4, 2024
Initially, Archax was focusing on providing a digital securities marketplace but later expanded into crypto exchanges. Meanwhile, its latest accounting filing shows that it had 58 institutional clients as of the end of 2023. Its Asset Under Custody within the period was $112 million, with almost $100 million in OTC trading volumes.
Its recent expansion was highlighted by Rodford in a statement:
The Archax strategy has always been to expand its regulatory footprint globally, with the EU region being of prime importance for us, post-Brexit. This acquisition expands and enhances our access to permissions within the EU region, building on those we hold with the FCA in the UK.
@ Newshounds News™
Source: Crypto News Flash
Read more: XRPLCommunity
~~~~~~~~~
JP MORGAN REBRANDS BLOCKCHAIN UNIT TO KINEXYS
JP Morgan has rebranded its Onyx blockchain unit to Kinexys by JP Morgan. The move was announced today by Umar Farooq, the global co-head of JP Morgan payments during the Singapore Fintech Festival.
As we previously reported, the blockchain platform has executed more than $1.5 trillion in notional value since launch, with current volumes exceeding $2 billion daily. That’s still tiny compared to the $10 trillion in conventional payments that the bank processes daily.
The new name combines the concepts of “kinetic” and “connection”, to reflect the worldwide movement of money, assets and financial information using the efficiencies of DLT.
The highest profile Onyx solution is the blockchain based bank account system, JPM Coin Systems, which enables corporates to move money between JP Morgan accounts in different countries, in real time and 24/7. That is now rebranded to Kinexys Digital Payments. Brevan Howard Digital Assets is a new client of the solution.
Onyx Digital Assets, now Kinexys Digital Assets, is an umbrella for multiple solutions that include intraday repo, tokenized collateral and bond issuance. Singapore’s OCBC is the latest bank to start using the repo solution.
Onyx’s first product was Liink, the blockchain based payments messaging network that enables sharing of data about conventional payments to reduce delays because of compliance of other queries. It is renamed to Kinexys Liink.
One of the most logical moves is the rebranding of the slightly awkward sounding Blockchain Launch to Kinexys Labs.
In other news, the unit is planning to support foreign exchange as part of Kinexys Digital Payments. JP Morgan was previously involved in DeFi-style FX trials using automated market makers as part of one of the first Singapore Project Guardian tests.
Additionally, Kinexys Digital Assets and Kinexys Labs is running a proof of concept for on-chain privacy, identity and composability.
Why rebrand?
The bank is spinning the rebrand as a positive step, as one would expect. However, the trigger is likely trademark issues. Given Onyx is a generic word, it would encounter potential challenges. A company that was already using the name might have objected to trademark applications or even alleged infringement.
Last June the bank applied for trademarks for Onyx Digital Payments and Onyx Digital Assets.
The records show the U.S. Patent and Trademark Office (USPTO) examiner sent initial refusals for the trademarks on various grounds, including partial overlaps with existing trademarks for similar use cases and other applications that pre-dated these applications.
Given JP Morgan’s lawyers didn’t respond, the applications were treated as abandoned.
There’s also an OnyxCoin, as in a cryptocurrency, something the bank would likely not want to be confused with.
@ Newshounds News™
Source: Ledger Insights
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@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
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Thank you Dinar Recaps
News, Rumors and Opinions Wednesday AM 11-6-2024
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. 6 Nov. 2024
Compiled Wed. 6 Nov. 2024 12:01 am EST by Judy Byington
As Earth Alliance & White Hats Prepare NESARA & Quantum Financial System And Activate Tier 4B Internet Group …Julian Assange on Telegram Tues. 5 Nov. 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. 6 Nov. 2024
Compiled Wed. 6 Nov. 2024 12:01 am EST by Judy Byington
As Earth Alliance & White Hats Prepare NESARA & Quantum Financial System And Activate Tier 4B Internet Group …Julian Assange on Telegram Tues. 5 Nov. 2024
Global Currency Reset:
Tues. 5 Nov. 2024 Bruce:
Our contact says SS increases will come in the month of November.
R&R would probably start in November, but we need NESARA to start, so just stay tuned.
Contact in Iraq said we’d have monies Thursday to Saturday.
We should have the 800 numbers on Wed. 6 Nov. and start exchanges on Thurs. 7 Nov.
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5 Nov. 2024: THE 30+1 PRIMARY PROVISIONS OF NESARA GESARA: The Ultimate Blueprint for Global Transformation … (JFK Jr.) on Telegram Tues. 5 Nov. 2024
Debt Forgiveness: All bank-related debts, including credit cards, mortgages, and loans caused by i*****l banking practices, will be eliminated. This financial “jubilee” will free people from oppressive financial institutions.
Termination of the IRS: The IRS will be permanently shut down, and its employees will be reassigned to the new Treasury-based tax collection system.
Abolishment of Income Tax: Income taxes, including taxes on investments and retirement accounts, will be completely removed, as they were unconstitutionally imposed.
Flat-Rate Sales Tax: A 14% flat-rate sales tax will be introduced on new, non-essential goods (excluding food, medicine, and used items) to fund government operations, ensuring a fairer and more transparent tax system.
Restoration of Financial Privacy: New systems will be implemented to protect financial privacy, ending widespread data theft and hacking.
Re-indexing of Precious Metals: Gold, silver, and other precious metals will be re-indexed within 30 days of NESARA’s completion, stabilizing the economy.
Federal Reserve Phase-Out: The Federal Reserve will be dissolved over the course of a year, transitioning all monetary control to the U.S. Treasury.
Banking Reform: Banks will face new limits on rates and fees, while citizens gain stronger custody rights over their funds. Banks will be phased out over 3-5 years post-NESARA.
Boost to Senior Citizens’ Benefits: NESARA will increase benefits for senior citizens, ensuring financial support during their later years.
QFS (Quantum Financial System): Most NESARA-related exchanges of foreign currency and bonds will be securely stored in blockchain accounts via the Quantum Financial System.
Humanitarian Project Funding: Large-scale funding will be provided for domestic and global humanitarian projects, allowing for widespread societal improvements.
Redemption of Currencies and Bonds: Individuals will have the opportunity to redeem or exchange their foreign currencies and ZIM bonds at specific rates for personal use and humanitarian projects.
Reclamation of Stolen Assets: Assets stolen by corrupt institutions, including the Federal Reserve and Wall Street, will be reclaimed and restored to rightful owners.
Release of Suppressed Technologies: Over 6,000 hidden patents for advanced technologies, including free energy and medical cures, will be made public.
Privatization of the U.S. Postal Service: The USPS will be privatized to streamline operations and improve efficiency.
~~~~~~~~~~~~
Tues. 5 Nov. 2024 Julian Assange on Telegram:
BREAKING: Tier 4B Internet Group Activated – Military Coup Underway, Martial Law Imminent as GESARA, Earth Alliance, and White Hats Prepare the Quantum Financial System to Wipe Out the Deepstate!
The gloves are off, and the Tier 4B Internet Group is active, signaling a seismic shift that will shake the world to its core. This isn’t just a platform; it’s the start of a movement for financial freedom and sovereignty.
The Quantum Financial System (QFS) is now in play, a safeguard against a corrupted financial system. This moment isn’t for questioning—it’s a clarion call for patriots ready to reclaim control. While the masses sleep, the QFS is laying the foundation for a new awakening.
Read full post here: https://dinarchronicles.com/2024/11/06/restored-republic-via-a-gcr-update-as-of-november-6-2024/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Sudani the prime minister of Iraq is now in control of the auctions of their CBI. What's so important about that? Because... when the government sells their oil they get paid in dollars. That's the agreement with America and then those dollars go into the CBI auction and they get converted into dinars. That goes back to the government to pay their bills. But it wasn't. It was going from the CBI auctions to the hands of the corrupt profiteering evil people, the far left of Iraq...The auctions were the problem. Not anymore.
Walkingstick They used to have 130 trillion dinars in circulation. They tell you now it's 100 trillion dinars...It will be trillions to billions. 130...and now report at 100 trillion is a big clue of the direction of the exchange rate...The 100 trillion dinar they are talking about is the value of the IQD not the number of notes in circulation. The difference is extremely important...The clue is it's going in the right direction of adding purchasing power to the country's currency.
************
UK Economy DONE? Desperate Plan Triggers Bond Sell-Off, Big Tax Shock & Cost of Living Crisis
Sean Foo: 11-6-2024
In a stunning move, the UK has revealed their budget. This is more of a stimulus push that re-allocates private money to public works.
Is this a brilliant plan to help the UK drive GDP growth? Or is this a desperate gamble that will push the tax burden and debt level to unthinkable levels?
Here's why the next 5 years for Britain will be very rocky indeed.
Timestamps & Chapters:
0:00 UK's Big Desperate Budget
2:39 Bonds Big Meltdown
5:21 UK Companies Face A Tax Nightmare
7:55 Sunak Blasts UK Economic Plan
11:24 Cost of Living Stagnation Crisis
“Tidbits From TNT” Wednesday Morning 11-6-2024
TNT:
Tishwash: Iraq increases its gold holdings and ranks third in the Arab world
The World Gold Council announced today, Wednesday, that Iraq has increased its gold holdings to more than 152.5 tons.
According to the latest table published by the Council for November 2024, "Iraq ranked 29th out of 100 countries listed in the table with the largest gold reserves," indicating that "Iraq ranked third in the Arab world after Saudi Arabia and Lebanon."
He added, "Iraq increased its gold holdings to 152.6 tons, after it had held 152.5 tons, which represents 11.5% of its remaining reserves."
TNT:
Tishwash: Iraq increases its gold holdings and ranks third in the Arab world
The World Gold Council announced today, Wednesday, that Iraq has increased its gold holdings to more than 152.5 tons.
According to the latest table published by the Council for November 2024, "Iraq ranked 29th out of 100 countries listed in the table with the largest gold reserves," indicating that "Iraq ranked third in the Arab world after Saudi Arabia and Lebanon."
He added, "Iraq increased its gold holdings to 152.6 tons, after it had held 152.5 tons, which represents 11.5% of its remaining reserves."
The Council also pointed out that "the United States of America tops the list of countries with the largest gold holdings in the world, with 8,133.5 thousand tons, followed by Germany with 3,351.5 thousand tons, then Italy with 2,814 thousand tons, while Bosnia and Herzegovina came in last with 1.5 thousand tons." link
Tishwash: Prime Minister: We congratulate President-elect Donald Trump and Vice President James David on the success of the electoral process
Prime Minister Mohammed Shia al-Sudani congratulated President-elect Donald Trump, his Vice President James David Vance, and the American people on the success of the electoral process, while affirming Iraq's firm commitment to strengthening bilateral relations with the United States.
The Prime Minister said in a tweet on the "X" platform, which was followed by the Iraqi News Agency (INA): "We congratulate President-elect Donald Trump, his Vice President James David Vance, and the American people on the success of the electoral process."
The Prime Minister affirmed "Iraq's firm commitment to strengthening bilateral relations with the United States on the basis of mutual respect and common interests."
He added: "We look forward to this new phase being the beginning of deepening cooperation between our two countries in various fields, which will contribute to achieving sustainable development and benefit the two friendly peoples."
President of the Republic Congratulating Trump: I hope your administration will work to enhance stability in the region link
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Tishwash: British Ambassador Meets Finance Minister: Discussing Economic Reform
British Ambassador to Iraq Stephen Hitch met with Finance Minister Taif Sami on Tuesday to discuss economic reform in Iraq and shared ambitions for economic diversification and the promotion of a strong and resilient Iraqi economy. link
************
ICC creates Iraq Arbitration Cmte to Boost Foreign Investment
The International Chamber of Commerce (ICC) in Iraq has reportedly established a local arbitration committee, aimed at minimizing financial losses from external arbitration and attracting foreign investors.
Mohsen Al-Humaidawi [Mohsin Al Hamed], Head of ICC Iraq, told the state-run Iraqi News Agency (INA) that the new committee, announced at the International Trade and Arbitration Forum in Baghdad, is backed by the Iraqi government and Prime Minister Mohammed Shia Al-Sudani.
He highlighted the collaborative efforts with the Iraqi Federation of Chambers of Commerce and the Ministry of Trade to obtain the ICC license, adding that the initiative is expected to increase investor confidence in Iraq's legal framework and strengthen international economic relations.
The ICC opened a local branch in Iraq in July. link
************
Tishwash: Baghdad approves amendment to the three-year budget law to compensate the Kurdistan Regional Government
The Iraqi Council of Ministers approved, on Tuesday, the proposal to amend Article (12/Second/C) of the Triennial Budget Law No. (13 of 2023).
The amendment included, according to a statement received by Shafaq News Agency, that "the Federal Ministry of Finance shall compensate the Kurdistan Regional Government of Iraq from sovereign expenses for production and transportation costs, for the quantities of oil produced in the region that are received by the State Oil Marketing Company (SOMO), or the Federal Ministry of Oil in accordance with paragraphs (a) and (b) of this clause
Provided that the fair estimated costs of production and transportation are calculated for each field separately, by a specialized international technical consulting body, determined by the Federal Ministry of Oil in agreement with the Ministry of Natural Resources in the region, within (60) days of the entry into force of this law, and in the event of failure to agree within the aforementioned period, the Federal Council of Ministers shall determine the aforementioned consulting body."
The statement continued, "The consultant mentioned in the previous paragraph shall submit the estimated cost of production and transportation to the Federal Ministries of Oil and Finance, and the Kurdistan Regional Government of Iraq, and it shall be approved for the purposes of this law. The calculation of the aforementioned compensation shall be based on the aforementioned cost per barrel multiplied by the number of barrels received in accordance with paragraphs (a) and (b) of this clause, and the Federal Ministry of Finance shall undertake to pay the amounts to the Regional Government."
The statement also referred to "immediately commencement of the delivery of oil produced in the region to the State Oil Marketing Organization (SOMO), or the Federal Ministry of Oil in accordance with paragraphs (a) and (b) of this clause, and the costs of production and transportation shall be compensated by the Federal Ministry of Finance as advances, at a rate of (16) dollars per barrel, to be settled later after the completion of the aforementioned specialized technical consultant, and retroactively from the date of commencement of delivery pursuant to this amendment." link
Mot: ... Ya thinks We Has it Rough - Huh!!!!
Mot: . In Case Yas Forgots!!!!
