The Biggest Red Flag of All When It Comes to Money and Relationships

Ramit Sethi Says This Is The Biggest Red Flag of All When It Comes to Money and Relationships

Mary Green  Wed, November 6, 2024   GOBankingRates

Most people look for a romantic partner who shares their financial values and has similar life goals, whether that means living a life of luxury or embracing a minimalist existence. Incompatibility in these areas is often a deal breaker or “red flag.”

Personal finance expert Ramit Sethi says there is an even bigger red flag that people tend to overlook. The number one financial red flag isn’t having different values — it’s being unable to talk about money at all.

“If your partner simply will not talk about money, you have a huge problem,” Sethi explained in an interview on Instagram.

Many people get uncomfortable when it’s time to talk about money. Fortunately, there are some tried and true ways to get better at having those important conversations.

Couples Should Talk About Finances Frequently

Sethi stressed that it’s OK to have different values and approaches to dealing with money, but it is essential to talk to your partner about it.

Not only that, but talking about money shouldn’t be a one-time event. Ideally, “we want to have lots of conversations about money,” Sethi said.

If your partner refuses to talk about money, they’re not just avoiding one big conversation. They’re avoiding an ongoing dialogue that should be a regular part of your shared life.

Therapists agree that couples must be able to talk effectively about money, according to Choosing Therapy. Issues like income levels and spending habits may be important, but they’re not as important as the ability to discuss finances. Transparency and openness about money are very important for your relationship.

Talking to Financially ‘Avoidant’ People

TO READ MORE: https://www.yahoo.com/finance/news/ramit-sethi-says-biggest-red-160117330.html

Thursday Evening Chat With MarkZ 11-7-2024

Thursday 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: Hello Mark MODS and Everyone

Member: Mark, How is your gut feeling about this upcoming week?

MZ: I was excited last week because I was told things should start ripping 2 days after the election. Well its now 2 days after the election and I cannot reach a single bond contact. I don’t know what this means – but my gut is hoping they are processing bonds. If they are- we will know soon.

Member: Mark has always said 3 days after he hears the bonds go we would get our notice for 4B

MZ: “Parliament decides to extend its legislative term for 30 days” they have a lot of important things to take care of. And they are dedicated to getting them done and out the door.

MZ: “Parliamentary oil : Gas licensing rounds will supplement the financial budget”  They are talking about 3 million cubic feet a day.

MZ: “ The central bank has an unprecedented record of sales of the dollar” When they sell the dollar – they are pulling dinar off the streets.  The auction today was $300 million dollars . This is huge.

MZ: Port of Faw is open…..5 of the berths are open. Open, functioning and operating.

Member: Wasn't there a deadline for December 10th? what should mean it should be wrapping up now

Member Sudani said that the monetary reform would be done by Victory day- Which is Dec. 10.

Member: I sure wish Iraq would just go alone with the RV…….even at a 1 to 1 rate….it would sure help many of us tread water in this terrible economy.

MZ: “The Federal Reserve cuts interest rates for 2nd straight meeting”  They just committed to higher inflation.

Member: I heard there will be no RV until 2025

MZ: I have not heard that…None of my sources agree with that. They are going to float all kinds of rumors to cloud the timing.

Member:  Unless they won’t release it until after the inauguration on Jan. 20th….which is about 60 days or so.

Member:  Veteran's Day is Monday All

Member: I am always very hopeful on 3 day weekends….someday, somebody will be right.

Member: Enjoy your evening and God Bless.

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

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

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

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

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

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Youtube:  https://www.youtube.com/watch?v=LRpj-6mKF4g

More News, Rumors and Opinions Thursday PM 11-7-2024

TNT:

LouNDebNC:  Iran's Currency Craters to Historic Low Following Trump's Victory

Iran’s already ailing national currency cratered after Donald Trump’s election victory, heralding tough times for Tehran’s economy as the former president prepares for another term in the White House.

By Adam Kredo

Iran’s already ailing national currency cratered after Donald Trump’s election victory, heralding tough times for Tehran’s economy as the former president prepares for another term in the White House.

The Iranian rial traded at 703,000 to 1 American dollar early Wednesday, an all time low, before settling at 696,150 to a single dollar, according to the Associated Press. The steep drop signals fears in Iran that Trump will enter office prepared to level harsh new economic sanctions on the country—and enforce active ones—as punishment for its yearlong war on Israel.

As the Iranian rial tanked, the American stock market surged, with the Dow Jones Industrial Average jumping more than 1,300 points to 45,557 as of mid-day trading. The Nasdaq grew by more than 430 points, hitting 18,875 in the afternoon.

During his first stint as president, Trump decimated Tehran’s economy with sanctions, ushering in a "maximum pressure" campaign that the Biden-Harris administration subsequently dismantled in a bid to entice Iran into a revamped version of the 2015 nuclear accord. Under the administration, Tehran was given access to upwards of $100 billion in cash resources, helping it arm a slew of regional terror proxies that have wreaked havoc on Israel and American military positions in the Middle East.

With Trump’s second term looming over Tehran, the country will have to make tough choices about its war on Israel. Iran has already promised a crushing response to Israel’s first direct attack last month but could decide to hold fire given Trump’s track record of support for the Jewish state. In 2020, Trump greenlit the assassination of Quds Force commander Qassem Soleimani.

Iran said Wednesday that it is not concerned by Trump’s election and saw both candidates as enemies.

"The election of the U.S. president has nothing to do with us. The general policies of the U.S. and Iran are constant," Iran’s foreign ministry said in a statement. "It doesn't matter who becomes the president in the United States because all the necessary planning has been made in advance."

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Tishwash:  Financial expert: The rise of the dollar is temporary and the economy is what determines its path

Financial expert and former director of the Central Bank of Iraq, Mahmoud Dagher, confirmed on Thursday that the rise of the dollar is temporary, and that the economic aspect is what determines its path, away from politics.

Dagher told Shafaq News Agency, "The dollar in local markets is affected by global markets if it rises, considering that the dollar is the same whether it is in Iraqi markets or global stock exchanges.

But what is important is the local currency being affected by it inside Iraq."

He added, "The change that is currently taking place in the dollar is temporary and will soon return to its normal state after things stabilize," indicating that "the economic aspect is what determines the value of the dollar against other currencies, not the political aspect."

The dollar rose with Donald Trump's victory in the US elections, which affected the decline in global oil prices   link

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

Frank26  Salaries need a new exchange rate...The same thing with the HCL.  Do you see the HCL? No.  Give me a new exchange rate.  It's that simple.  Do you see the salaries?  No, still nothing.  Give me a new exchange rate.  It's that simple.  Do you see the lower notes they keep talking about?  No.  Give me a new exchange rate...By the way they are giving them a new exchange rate IMO...

Frank26  The fact they are talking to you [Iraqi citizens] that the HCL is coming...means a new exchange rate is coming.

Guru Walkingstick   For decades, forever, the corruption in Iraq have stolen the future of the children of Iraq, let alone the Middle East...You'll find them in parliament, you'll also find them in the media - television, newspapers of Iraq...Sudani brought in Alaq with the permission of the board of directors of the CBI.  When he did, things started to move forward.  That's why a 10 year report has now been put out.

U.S. ‘Debt Tsunami’ Will Force Fed to Negative Rates, Push Gold to $8,000 | Brien Lundin

Kitco News:  11-7-2024

The Federal Reserve's money management will trigger the next crisis and force the U.S. central bank to embrace negative interest rates, warns Brien Lundin, Editor of Gold Newsletter and CEO of New Orleans Investment Conference.

 Lundin analyzes what this crisis means for the economy, the Federal Reserve, the U.S. dollar, and gold. Lundin tells Kitco News' anchor Jeremy Szafron that the Fed's recent 25 basis point cut to a target range of 4.5%-4.75% could be just the start of a longer rate-cutting cycle driven by the unsustainable cost of servicing the national debt.

He predicts that gold prices could surge to $8,000 an ounce within this bull market cycle as Western investors seek safe-haven assets amid rising economic risks.

Lundin highlights the return of "bond vigilantes," whose skepticism about U.S. debt management has driven Treasury yields higher. With gold decoupling from its traditional inverse relationship to the dollar and bond yields, Lundin argues that the metal is poised to benefit from a powerful new bull market.

0:00 - Fed Rate Cut Details

0:31 - Powell’s Press Conference

 1:47 - Lundin’s Economic Forecast

2:29 - Fed on Inflation & Rate Cuts

3:24 - U.S. Debt Crisis Risks

7:10 - Gold Price Predictions

11:23 - Debt’s Impact on Economy

30:06 - Investment Conference Highlights

38:45 - Closing Thoughts on Markets

https://www.youtube.com/watch?v=W0XQhV-H3_E

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 11-7-24

Good Afternoon Dinar Recaps,

FED CUTS RATES AS BITCOIN CONTINUES ROARING

The Federal Reserve slashed interest rates again on Thursday in a move that could boost Bitcoin—which is already in all-time high territory.

The Federal Reserve on Thursday slashed interest rates in an expected decision that could give "risk-on" assets like Bitcoin a further boost—and the top digital asset is already surging in recent days, setting multiple all-time high price points following Donald Trump's election win.

America's central bank approved a quarter-point interest-rate cut—a move backed by all 12 Fed voters. In September, the Fed cut by 50 basis points in its first such reduction since it aggressively raised rates in 2022.

Bitcoin and other cryptocurrencies have largely benefited from low interest rates because they, like tech stocks, tend to experience more volatile price movements.

But in 2022, the central bank aggressively hiked interest rates in a bid to tame inflation amid the COVID-19 pandemic, making such investments less attractive. Now that inflation is in check, the central bank can make it cheaper to borrow money again.

"The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance," the Fed said in a statement Thursday.

Matt Mena, crypto research strategist at exchange-traded fund (ETF) issuer 21Shares, said in a statement provided to Decrypt that the latest cut could give crypto a further boost.

"The Fed's 25 bps rate cut introduces an economic boost favorable to risk assets like Bitcoin," he said. "Combined with Trump's pro-crypto policies, this creates a supportive macro environment for Bitcoin."

@ Newshounds News™

Source:  Decrypt

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RIPPLE CEO SHARES HIS ‘FIRST 100-DAY’ CHECKLIST FOR THE PRESIDENT

Brad Garlinghouse, CEO of Ripple, has outlined what he believes should be part of the President's first 100-day agenda for crypto.

Trump’s victory in the 2024 U.S. election has offered not just a pro-crypto president, but also the most pro-crypto lawmakers in the House and Senate. With crypto in celebratory mood as Bitcoin leads prices higher, the overall sentiment is that this is only the beginning of what’s bullish for the industry.

However, among the top priorities for the sector is the push for regulatory clarity. In his congratulatory message, Ripple CEO Brad Garlinghouse outlined what he sees as a few of the things the president can do in his first 100 days to get the ball rolling.

Fire Gensler
At the top of the list is fulfilling a campaign pledge: firing U.S. Securities and Exchange Commission Chair Gary Gensler on “day one.” 

Garlinghouse suggests replacing Gensler with a more crypto-friendly candidate, naming Dan Gallagher (chief legal officer of Robinhood), Christopher Giancarlo (former head of the Commodity Futures Trading Commission), and Brian Brooks (former acting comptroller of the currency) as potential successors.

“They’d be massive upgrades in rebuilding the rule of law (and reputation) at the SEC,” the Ripple CEO posted on X.

In his victory speech following Tuesday’s election, Trump expressed his commitment to uniting the nation and driving change.

On his ‘first 100-day’ checklist Garlinghouse wishes to see the president getting Republicans and Democrats together to “move the digital asset market structure bill forward in the Senate.”

Notably, the U.S. House of Representatives passed the bill in May 2024.

The final item on Garlinghouse’s list pertains to Ethereum. Ripple’s legal battle with the SEC, from December 2020 to July 2023, challenged allegations that XRP was a security, ultimately resulting in a favorable court ruling. While the SEC approved spot Ethereum exchange-traded funds in May, Garlinghouse couldn’t resist a pointed comment aimed at the regulator.

“And last but not least, can we get some clarity…..similar to XRP and BTC, that ETH is not security, right?!” he wrote.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

🌱 PRESIDENT HARRIS HOW? THE PLAN AND WILL IT HAPPEN? GIPPER'S NEWS  |  Youtube

Gipper's News Reader: https://t.me/+Thh6fZ5bQJfRxU3f 

Read More: https://t.me/c/1310227069/156714

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Q & A Classroom Link  

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Thank you Dinar Recaps

4 Money Mistakes the Wealthy Never Make

4 Money Mistakes the Wealthy Never Make

Adam Palasciano  Thu, November 7, 2024 GOBankingRates 

It should come as no surprise that wealthy people — or people striving to join them — are constantly paying close attention to the economy, legislation and various markets. They are also always analyzing how these factors can and will affect their finances.

Here are four financial mistakes the wealthy never make whether times are tough or relatively smooth sailing.

.

Not Speaking With a Financial Advisor

The wealthy understand the importance of careful financial planning and management. That’s why they always consult with a financial advisor ahead of a potential political or economic shifts.

An experienced professional can help you navigate the ins and outs of complicated tax laws and help you make the smartest financial decisions — so you can keep more of your money.

Not Diversifying Their Portfolios

Diversification is key when it comes to a well-balanced portfolio. This is especially true when there’s about to be a new president.

A new administration may have positive impacts on some of your investments, while it may adversely impact other parts of your portfolio. Ensuring a healthy and strategic investment mix is crucial to hedge against financial loss.

TO READ MORE:  https://news.yahoo.com/news/finance/news/4-money-mistakes-wealthy-never-150010520.html

Some “Iraq News” Posted by Clare at KTFA 11-7-2024

KTFA:

Clare:  Iraqi Parliament extends its legislative term until the ninth of next month

11/7/2024

The Iraqi Parliament decided today, Thursday, to extend the legislative session for 30 days, starting from November 9 of this month.

This comes after the member of the Parliamentary Legal Committee, Mohammed Al-Khafaji, revealed to Shafaq News Agency that the current legislative session of the Council of Representatives ends on the 9th of this month, and that its extension for another month is subject to Article 58 of the Iraqi Constitution. 

He added that according to this article, the legislative term can be extended at the request of the President of the Republic, the Prime Minister, the Speaker of the House of Representatives, or 50 members of parliament, provided that the extension is approved by a vote of the majority of the members of the House.

Al-Khafaji explained that the extension comes to organize the work of Parliament and approve pending laws, as the past period witnessed repeated postponements in the Council’s sessions and the incomplete agenda.

He pointed out that the extension will provide an additional opportunity for the government to submit the draft general budget law for 2025, which is supposed to be submitted before the end of this year. He stressed the importance of the government taking advantage of this time to avoid the delay witnessed in the budget this year.  LINK

Clare:  Rafidain Bank: Implementing the comprehensive banking system in 48 branches

11/7/2024

Baghdad /  Rafidain Bank announced the operation of 48 branches, so far, within its comprehensive banking system.

The bank stated in a statement: "The comprehensive banking system is a qualitative leap in the bank's path, as it supports digital transformation and enhances the bank's ability to efficiently meet the needs of wide segments of customers." He stressed

: "This continuous expansion will include more branches in the future, as part of a well-thought-out plan aimed at providing a modern banking experience that contributes to supporting the national economy and meeting the needs of society with distinguished and comprehensive banking services." LINK

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Clare:  Central Bank of Iraq celebrates National Job Day

November 07, 2024

The Central Bank of Iraq organized a central celebration of the National Job Day by honoring a number of its creative employees with success stories that contributed to the development of work at the Central Bank of Iraq.

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, and the honorable Representative Dr. Ammar Hamad Khalaf, honored the employees who won the National Job Award, which was organized within the bank and in the presence of a representative of the Prime Minister's Office, presenting them with the award shield, praising their efforts and contributions that enhanced the efficiency of the work of their departments and sections, which was reflected in the work of the Central Bank.
His Excellency urged all employees of the Central Bank to make their efforts to be present on the platforms of job success next year, pointing to the support and honoring of an important category of the bank's employees in the Issuance and Treasury Department next year.

The Chairman of the National Job Day Committee, Dr. Alaa Jamal Abdul Redha, praised the efforts made to make the Job Day a success, indicating that today's celebration is an extension of the ongoing efforts to create a platform to recognize job excellence and dedication in the public sector.

 Central Bank of Iraq
Media Office
November 7, 2024

https://cbi.iq/news/view/2708

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And receive profits via Zain Cash and FIB “Halal” shares without interest start at $100.. The first company to enter Mosul (video)

11/7/2024

Cultural Group (Mosul) 

“Planet of Profit” company manager Harem Ribwar says that it is the first officially registered company to enter Mosul and provide training services for those wishing to trade stocks on global stock exchanges, in addition to providing brokerage services. Ribwar talks about two types of subscriptions, the first starting at $100 for beginners, and the second at $50,000 for professionals, with “completely Islamic and interest-free” services.

The company opened its branch in Mosul in the Cultural Group area on the left side, and works on mediation between the investor and the stock exchange. Today, it has 5 other branches in Kirkuk, Diyala, Erbil, Dohuk, and Sulaymaniyah before opening the sixth branch in Nineveh, while it plans to reach Baghdad and Basra.

Harem Ribwar - Director of Kawkab Al-Rabh Company in Iraq, to ​​964 Network :

Our company is a broker in the financial markets and is licensed by the Central Bank of Iraq and the Ministry of Trade, where it works as a shareholder with the global company ax finanials limited, registered in Wales.

Our main business is to mediate between clients or investors and global markets, we are the first company to bring electronic trading technology to Iraq, and one of our goals in the country is to change investment to a new and correct path.

We are the first official company to enter Nineveh, and we want to contribute to rebuilding Umm Al-Rabi’een and contribute to employing workers.

We have an academy for teaching trading, and we will hold workshops and training in this field for those who wish, and we will bring the best trainers in the field of trading in the financial markets.

We have a “standard” deposit of at least $100, and a “premium” deposit of at least $50,000. All our accounts are Islamic, meaning they are free of interest, and we take the commission from the bank, not the investor.

We established the company last April and opened the first branch in Kirkuk, the second branch in Erbil, then Diyala and Dohuk, and soon in Najaf, Basra, and Baghdad.

The Nineveh branch staff consists of 10 people with scientific specializations, graduates of management and economics, and software engineers. We grant agencies to our employees or investors, through which they can bring customers and take their commission on each customer, which is 50% of the profits.

We have deposits and withdrawals, which are done at our branches, and delivery and receipt are done through Zain Cash and the Iraqi Digital Bank FIB.  LINK

 Clare:  Al-Sudani announces the completion rates of the main projects in the Grand Faw Port

11/7/2024

Iraqi Prime Minister Mohammed Shia al-Sudani announced on Thursday the completion rates of the main projects in the Grand Faw Port in Basra Governorate, in the far south of the country.

This came during a sea tour during which he was briefed on the basic projects in the Grand Faw Port in Basra Governorate, accompanied by the Minister of Transport, the Governor of Basra, a number of representatives and advisors, and the Director General of Ports.

Al-Sudani began his tour, according to a statement issued by his office and received by Shafak News Agency, with the five docks, the handover ceremony of which he sponsored today. He then viewed the other projects he started in the container yard and the dock wall, the completion rate of which reached (100%). He then moved to the submerged tunnel, the completion rate of which reached (58.47%), and is considered one of the most important development road projects.

During his tour, Al-Sudani also reviewed the progress of work on the navigation canal, which has reached a completion rate of (77.41%). His Excellency concluded his tour by reviewing the ongoing work on the road linking the port of Faw and the expressway, which represents the beginning of the strategic development road. The progress rate of work on the linking road has reached (92.42%).

Earlier on Thursday, Al-Sudani said during the ceremony to receive the five berths of the Grand Faw Port in Basra Governorate from the Korean company implementing the work, that his government faced "major challenges" in starting to implement the vital development road project, considering the Grand Faw Port project to be one that will transform the historical geographical situation of Iraq.   LINK

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Clare:  Al-Sudani: The Grand Faw Port is Iraq's largest project

11/7/2024

 Baghdad /  Prime Minister Mohammed Shia al-Sudani stressed: "The Grand Faw Port is Iraq's largest project," announcing the receipt of the five berths that represent the backbone of the port.

Al-Sudani said in a speech during his patronage of the ceremony of receiving the five berths from the implementing company: "Today we reap the fruits of the effort and follow-up to proceed with the project of Iraq and the people, the Grand Faw Port."

He added: "The project has actually entered the paths of global trade and transport routes that pass through the Middle East region," indicating: "The first phase of the project will be completed next year, according to the timetables."

The Prime Minister continued: "Iraq was and still is a fundamental pillar in the global economy, and today we are facing a new Iraq that begins from the Grand Faw Port, and the development path will be an artery linking most countries in the region."

He explained: "Development and economic transformation are an integrated approach that looks at the dimensions of the country's needs," noting: "The Council of Ministers supported the Ministry of Transport in rehabilitating the railways on the paths of the development path."

He concluded by saying: "Prosperity, providing job opportunities and development windows are among our work priorities, and we will continue to work to support the industry and trade sectors and develop agriculture, and we will expand trade exchange with countries of the world through the Grand Faw Port and the development road."    LINK

Lena Petrova: West Shut Down mBridge but Failed to Stop the Global South

Lena Petrova: West Shut Down mBridge but Failed to Stop the Global South

11-7-2024

As the world becomes increasingly multipolar, the narrative surrounding economic alliances has shifted dramatically. The BRICS nations—Brazil, Russia, India, China, and South Africa—have long been seen as a counter-force to Western domination in global affairs.

Recent events surrounding the West’s investment in and subsequent shutdown of mBridge, a digital currency bridge designed to facilitate cross-border transactions, only underline the resilience and determination of the Global South to forge its own path.

mBridge was conceived as a revolutionary digital currency project aimed at streamlining international transactions among participating nations, primarily focusing on simplifying trade across Asia and beyond. Sponsored by central banking authorities from China, Hong Kong, Thailand, and the UAE, the initiative promised to minimize reliance on traditional banking systems, reduce transaction costs, and promote greater financial inclusion.

However, the West viewed this emerging financial network with suspicion. With the idea of creating an alternative to the US dollar—a financial backbone of global trade—mBridge was perceived as a direct challenge to existing economic hegemony. This culminated in pressure tactics and sanctions aimed at stifling its development and adoption.

The West’s attempt to undermine mBridge isn’t the first instance of economic sanctioning in the geopolitical arena. Various nations have been victim to similar strategies, aiming to weaken economies through a combination of targeted sanctions, investment restrictions, and diplomatic isolation. In the case of mBridge, the West’s actions were intended to render the platform impotent by prohibiting collaboration with Western financial and technological institutions.

But history often teaches us that such tactics can bring about unintended consequences. Instead of halting the progress of alternative financial systems, these sanctions have galvanized the Global South to deepen its collaboration, exploring alternative means to circumvent Western control.

While the West sought to stifle mBridge, BRICS countries have united in their resolve to pursue financial independence. Recent discussions and initiatives among BRICS members hint at collaborative efforts to design and implement their own cross-border payment systems. The narrative has shifted from one of dependency on Western models to creating autonomous financial systems that reflect the interests and needs of the Global South.

The BRICS framework is not just about economic mechanisms; it represents a profound ideological shift towards a more equitable multipolar world. By embracing collective decision-making and shared ownership of their economic future, BRICS nations embody the aspirations of many countries that feel overlooked or marginalized in the existing order.

The West’s failure to stifle mBridge reveals a significant truth: the Global South will not quietly acquiesce to external pressures. Instead, they have shown the capability and willingness to harness their collective power to create a system that favors mutual growth and sustainability.

As global dynamics continue to evolve, the story of mBridge serves as a potent reminder: attempts to suppress innovation and progress are as likely to inspire resilience and obstinance as they are to create compliance. The BRICS nations stand firm in their commitment to constructing a financial framework reflective of their priorities and goals.

The “sanctioned” state of BRICS should be viewed not through the lens of Western triumph but as a testament to the power of unity and sovereignty among nations determined to shape their destinies. As the Global South forges ahead, it’s clear that the future is not solely written by the West, and the race for financial independence will only gain momentum in the years to come.

Watch the video below from Lena Petrova featuring Warwick Powell for further insights and information.

https://youtu.be/Nes2lGeKYzk

https://dinarchronicles.com/2024/11/07/lena-petrova-west-shut-down-mbridge-but-failed-to-stop-the-global-south/

“Coffee With MarkZ” Thursday Morning Chat 11-7-2024

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

MarkZ  Update- Some highlights by PDK-Not verbatim

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

MZ: We do not have Militiaman this morning….but he hopes to join tomorrow or Saturday for a brief update.

Member: Good Morning and what a week…..I feel very confident and hopeful the RV is about to be released…….

Member: I feel Nesara is just around the corner.

Member: This week went fast. M,T,W felt like one entire day with a few naps in between!

Member: Any good news overnight Mark????

Member: Does anyone else feel like something big is coming?

MZ: Great question. There is no bad news. We still seem to be in the RV news doldrums….Which I think is fantastic……because of “who” is quiet.

Member: I would love to hear more about who is quiet and why that excites you!!

MZ: I still go straight to voicemail….With it being 2 days after the election I am hoping they are busy getting it done. I see the light at the end of the tunnel now.

MZ: The news out of Iraq has been overwhelming positive.

MZ: We know auctions for US dollars are due to stop this year. They have been very clear on that. From both the Governor of the Central Bank and Al-Sudani.  The auctions right now are taking trillions of dinar out of circulation ….which increases the purchasing power of their currency…..It is a clear preparation for a change in value.

Member: Iraq's goal is to go cashless by January

Member: Do you still think RV by the 9th? Iraq Parliament is meant to go on recess then???!!

Member: Iraq's Parliament is calling for extending their session until Dec 10 to catch up on pending laws

Member: And Dec. 10th is Victory Day in Iraq where Sudani said the monetary reform would be done by.

MZ: “ Prime Minister: We are facing a new Iraq and the Road to development will be an artery linking most countries”  He is also mentioning the ports like the new Grand Faw port project which will be a mega port. It’s now open and functioning. This is important guys. Iraq will become an artery between Asia and Europe.

MZ: “ Al-Rafadain announces the application of the electronic system in 48 branches in Baghdad and the provinces”  I am certain we will hear more about this from MilitiaMan and crew.

MZ: “Analysis: The Iraq file has deteriorated in Washington recently, but small officials have intervened” in other words the US has eft a void. Iraq is hoping for a more measured and supportive role from the next administration.  Also the support to remove US forces and let Iraq be sovereign.

MZ: Bond side is still quiet like I mentioned earlier.

Member: Are they under NDAs and gone quiet. Intel is out that Tiers have been paid Tier 4 is next

Member: Let's say they pulled the trigger on bonds now …I wonder what's the time frame for us to go?...

MZ: When they pull the bond trigger…..I hear 3 days or so. 

Member: I'm thinking the RV hasn't gone yet because the dollar hasn't crashed yet. I thought that those two things would be simultaneous

Member: Hope we don’t have to long to wait for the Gold backed USN’s

Member: Still hearing the QFS is ready to go and running side by side with the swift system….

Member: Mark... My contact in Zimbabwe has confirmed that the Diamond Mines Values are FAR more Valuable than reported. GREAT News!!!

Member: Fed Meeting Today: Rate Cut, Powell Speech

Member: January 1, 2025 new Foreign Currency Standards Go Live for ALL CURRENCIES.

Member: Citibank has a new branch that will work in foreign currency They have 194 different kind of currency

Member: Hey mark- do we have to pay transaction fees at redemption centers?

Member: does you gut think we will RV before or by Thanksgiving

Member: We need this to be a holiday season to remember.

Member: Learning a LOT of patience waiting for this RV!

Member:  Now let's get this party started!!!    RV!!!

​​Member: anyone else excited about handling millionaire problems, for a change? I'm tired of broke problems

Member: I am Feeling like this will be a beautiful 3 day weekend

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

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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!

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Iraq News Highlights and Points To Ponder Thursday AM 11-7-24

Economist: The Value Of The Dinar Will Decrease And The Financial Deficit Will Increase

Information/Special..  Today, Wednesday, economic expert Sadiq Al-Rikabi expected that the Iraqi economy would be negatively affected during the coming period and the value of the dinar would decline as a result of the political and economic changes that the world is witnessing.

Al-Rikabi said in an interview with Al-Maalouma Agency, "Iraq is in an unenviable economic situation in light of the expected decline in oil prices. The United States will depend on its oil, and the industry in China has declined relatively and no longer depends primarily on oil. In addition, the expected improvement in relations between Washington and Moscow will allow Russian oil to return to global markets."

He added that "Iraq's failure to diversify its sources of income and its reliance on a rentier economy and fixing the price of a barrel of oil at $70 in the financial budget will lead to a larger deficit and will affect salaries as well as the value of the dinar."

Recently, Iraqi officials confirmed that the turbulent political and security situation in the region, as a result of the Zionist aggression on Gaza and Lebanon and its repercussions, directly affects the Iraqi economy. LINK

Economist Criticizes Government's Neglect Of Tourism, Agriculture And Dependence On Oil

Information / Baghdad..Today, Thursday, economic expert Diaa Mohsen criticized the government's neglect of the tourism and agriculture sectors and its reliance only on oil revenues to finance the budget.

Mohsen said in an interview with Al-Maalouma Agency that "the political events that the region is going through are one of the reasons affecting oil prices," indicating that "the weakness of the Chinese economy, which is considered the largest oil-consuming economy, is the reason behind the decline in prices."

He added that "Iraq still depends on oil revenues, and this is considered a big mistake because any breach or concern in the oil market negatively affects the budget revenues," noting that "the official price of oil in the budget is $70 per barrel, and every dollar below that causes Iraq a loss of one billion dollars in budget revenues."

He explained that "Iraq committed itself to the agreement with OPEC Plus to reduce oil production by no less than one hundred thousand barrels per day, equivalent to two billion dollars annually."

He pointed out that "the legislative authorities must seriously consider diversifying revenues and not relying on oil alone, leaving the real economic sectors neglected, such as tourism with more than 31 outlets without investment, as well as the agricultural sector, which is only sufficient to produce wheat." LINK

Iraq Counts On The Grand Faw Port, And An Expert Says: It Will Change The Economy - Urgent

Economy |Today,   Baghdad Today – Baghdad  Economic expert Nasser Al-Kanani confirmed today, Thursday (November 7, 2024), that the Grand Faw Port will significantly change the Iraqi economy during the next stage.

Al-Kanani told Baghdad Today, "The Grand Faw Port has great importance on the economic and financial level, and this port will significantly change the Iraqi economy during the next phase, and thus the port will be a direct link between East Asia and Western Europe."

He said, "The port will drive the wheel of economic development in Iraq and will have great financial benefits for Iraq. Therefore, there is great governmental interest in this project and the speed of its completion due to its economic and financial importance for Iraq. This port will be a transport station for all countries in the region and the world."

Prime Minister Mohammed Shia al-Sudani arrived today, Thursday (November 7, 2024), at the Grand Faw Port in Basra Governorate.

A statement issued by his office, received by Baghdad Today, stated that Al-Sudani will sponsor the ceremony of receiving the five port berths from the Korean company implementing the work.

The port, which is being built by South Korea's Daewoo under a deal worth about $5 billion, is located at the mouth of the Shatt al-Arab, where the Euphrates and Tigris rivers meet before flowing into the sea. It is expected to be the largest port in the Middle East upon completion .

It will be built on an area of ​​54 square kilometers and has a capacity of 90 berths. The port’s “breakwater,” which is approximately 14,523 kilometers long, has entered the Guinness Book of Records as the longest breakwater in the world .

Two industrial zones, residential projects, and travel and tourism areas will be built around the port, which is being built in five phases, with the first phase of the port project due to be completed and operational by the end of 2025 . LINK

Al-Sudani: We Faced Major Challenges In Implementing The “Greater Iraq” Project

Construction and reconstruction   Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani said on Thursday that his government faced "major challenges" in starting to implement the vital development road project, considering the Grand Faw Port project to transform Iraq's historical geographical situation.

This came in his speech during the ceremony of receiving the five berths of the Grand Faw Port in Basra Governorate from the Korean company implementing the work.

In his speech, Al-Sudani described the Grand Faw Port project as “Iraq’s most prominent project and the people’s project,” announcing at the same time the receipt of the five docks that represent the backbone of the port project in its first phase.

He added that with the completion of the basic and important phase, the first phase will be completed next year according to the previous timetables. The process of docking of huge commercial ships on the port’s docks has also taken place, so that this project will be included in the contract and paths of global trade and transport routes that pass through the Middle East region, which is of great strategic importance to global trade.

Al-Sudani added, "Through this dream port that has become a reality, Iraq's historical geographical situation is transformed from a country in need of other people's ports to a maritime country overlooking the Gulf, which is the most prominent water basin in the world where energy, trade, communication and commercial exchange activities are concentrated in all their forms."

He stressed that the federal government, which he heads, is committed to completing the Grand Faw Port project as a gateway to Iraq's largest project, the Development Road, noting that the Development Road project represents the backbone of the government's vision to maximize non-oil revenues, and today we face major challenges in implementing it.

In April 2024, Iraq, Turkey, the UAE, and Qatar signed a quadripartite agreement on the Iraq Development Road Project, under the auspices of Iraqi Prime Minister Mohammed Shia al-Sudani and Turkish President Recep Tayyip Erdogan.

The agreement aims to enhance cooperation regarding the Iraq Strategic Development Path project, as the four countries will work to establish the necessary frameworks for implementing the project, according to a statement issued by the Prime Minister's Office.

The strategic project of the development road is expected to contribute to stimulating economic growth and strengthening regional and international cooperation relations, as it will achieve economic integration and sustainability between the East and the West.

The project will also increase international trade, facilitate the movement of goods, provide a new competitive transportation route, and enhance regional economic prosperity.

It is worth noting that the "Development Road" project is a land and railway road extending from Iraq to Turkey and its ports. The length of the road and railway is 1,200 kilometers inside Iraq, and it aims primarily to transport goods between Europe and the Gulf countries.

The project's investment budget amounts to about 17 billion US dollars, of which 6.5 billion is for the expressway, and 10.5 billion for the electric train. It will be completed in 3 phases, the first ending in 2028, the second in 2033, and the third in 2050.

The project is expected to provide about 100,000 job opportunities in the first phase, and one million job opportunities after its completion.  https://economy-news.net/content.php?id=49585

Seeds of Wisdom RV and Economic Updates Thursday Morning 11-7-24

Good Morning Dinar Recaps,

XRP LEDGER ACTIVATES CRUCIAL PRICE ORACLE AMENDMENT: HERE’S WHY IT MATTERS

▪️The activation of the Price Oracle amendment on the XRP Ledger enhances its DeFi capabilities by integrating off-chain data, crucial for executing accurate smart contracts and expanding decentralized applications.

▪️This update may increase demand for XRP, positioning the XRPL competitively against other blockchain platforms, particularly as Ripple prepares to introduce smart contract support.

The XRP Ledger (XRPL) has activated the highly anticipated Price Oracle amendment, enabling the integration of off-chain data through oracles. This update follows Ripple’s recent positioning to become a competitor to Chainlink, as previously highlighted by CNF. With the release of oracles in Q2 2024 on the XRPL, if it could  propel XRP’s price to a new all-time high (ATH).

This key update, announced by XRPL validator Vet, states that the XRP Ledger Price Oracle amendment is now activated. Oracles can bring off-chain data to the XRP Ledger, which is useful for decentralized finance (DeFi) and eventually for smart contract dApps.

The amendment is designed to bolster decentralized finance (DeFi) capabilities on the XRPL by providing external, real-world data for use in smart contracts and financial transactions.

Expanding DeFi Applications with Real-World Data
The Price Oracle amendment allows oracles to connect blockchain-based applications on the XRPL to real-world data, such as cryptocurrency price feeds and live market data. This access is essential for executing accurate smart contracts and broadening DeFi’s scope on the XRPL.

With Ripple’s plan to add smart contract support, the amendment paves the way for more complex financial products and decentralized applications (dApps), significantly advancing XRPL’s DeFi capabilities.

Positive Market Sentiment and Competitive Positioning
Within the XRP community, there is speculation that this update may drive up demand for XRP, as the XRPL’s enhanced functionality could attract more developers and users. 

With reliable data integration, the XRPL is well-positioned to compete in the DeFi space, especially alongside platforms like XLM, which added smart contract support in early 2024.

This development underscores the XRPL’s adaptability and innovation, potentially strengthening its long-term market position. At the time of writing, Ripple (XRP) is trading at $0.5347, having surged by 5.08% in the past day and 2.62% in the past week.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

SENATOR LUMMIS: U.S. IS ‘GOING TO BUILD’ A STRATEGIC BTC RESERVE

Senator Cynthia Lummis reaffirmed plans to create a strategic Bitcoin Reserve in the U.S. just hours after Donald Trump won the presidential election.

Congressional progress on a national strategic Bitcoin reserve could accelerate as The Associated Press, Fox News, and NBC declared Republican candidate Donald Trump the winner of the presidential race. Lummis’ Nov. 6 tweet reminded the public of plans to position America’s $12 billion Bitcoin stockpile as a reserve asset and potential solution to the nation’s rising debt crisis.

The Senator initially revealed her BTC plans at the July Bitcoin 2024 conference in Nashville. Trump announced his intention to shutter state-backed Bitcoin selling at the same event, receiving praise from crypto supporters.

Following the gathering, Lummis unveiled official documents for a Strategic Bitcoin Reserve and submitted the proposal for consideration. Thousands of U.S. citizens signed letters and petitions supporting the idea shortly after.

Republican control of Congress could further push such a bill toward formal legislation. Some 247 pro-crypto candidates won House of Representative seats, according to Stand With Crypto, with several other spots in the Senate up for grabs.

If Trump follows through on his crypto promises and Republicans achieve a legislative trifecta, the U.S. could become the first major world power to recognize Bitcoin as a national reserve asset. As of the time of publication, the U.S. was the largest sovereign owner of Bitcoin, holding 203,239 tokens, according to Arkham.

@ Newshounds News™

Source:  Crypto News

Read more:  Twitter

~~~~~~~~~

TODAY

Jerome Powell will take the podium as Treasury yields surge, with the Federal Reserve expected to cut rates.

This is like watching poetry in motion.

@ Newshounds News™

Source:   Twitter X

 ~~~~~~~~~

🌱 DO I NEED TO LEARN CRYPTO? WHY? HOW?  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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News, Rumors and Opinions Thursday AM 11-7-2024

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 Thurs. 7 Nov. 2024

Compiled Thurs. 7 Nov. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Wed. 6 Nov. 2024 Wolverine: “I was told everything starts after announcement of the election. That means tomorrow Thurs. 7 Nov. everything starts. God bless you all. Wolverine

Tues. 5 Nov. 2024 Julian Assange: All Intel is saying “Next Week.” Safe link 800# will be released closer to go date. Bond funds were being delivered to paymasters. Private appointments are being made now. Zim Cap information is changing daily but as of now they are paying as follows: NO projects = 15 million no matter amount you might hold. With projects  = First 2 bond notes are 1 to 1 after this 25 million (per 100T) up to 30 bond notes. To negotiate further you will need to return. Rates are EXTREMELY high.

Tues. 5 Nov. 2024 Bruce: Our contact says SS increases and R&R will likely come in the month of November. My contact in Iraq said we’d have monies sometime Thurs. 7 Nov. to Sat. 9 Nov.  I believe we should start exchanges on Thurs. 7 Nov.

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Global Financial Crisis:

Wed. 6 Nov. 2024: BREAKING: BOOM! Trump’s Victory Ignites U.S. Dollar’s Meteoric Rise, Bitcoin Soars, and Tesla Skyrockets! A New ‘Golden Age of America’ Begins! – amg-news.com – American Media Group

Wed. 6 Nov. 2024: Twenty-seven U.S. states lack the cash to repay their debts, according to researchers at Truth in Accounting. https://www.cnbc.com/video/2024/11/06/why-so-many-state-governments-are-in-financial-trouble.html

Wed. 6 Nov. 2024: Signature Bank Collapse Redux! New York Community Bank’s 40% Plunge Reignites Banking Crisis!

New York Community Bank nosedives 40%, a chilling echo of the Signature Bank collapse, reigniting financial chaos. Your savings are at risk; the elites are moving fast. Act now to shield your assets!

NYCB ($NYCB) has crashed nearly 40% after releasing a disastrous earnings report. This is the same bank that took over Signature Bank’s assets post-collapse. Now, NYCB’s plummet signals something even more dangerous in the banking sector. What does this mean for your money, for our future?

The collapse of NYCB isn’t just one bank’s fall—it’s a sign of systemic rot in our financial system. Regulatory failures, risky investments, and the insatiable greed of the elites have all played a role in this breakdown. Each collapse leaves taxpayers on the hook, while Wall Street reaps rewards and Main Street pays the price.

What does this mean for everyday savers? Your hard-earned money is increasingly at risk as banks struggle to stay afloat. Deposit insurance offers limited protection, and with each bank collapse, ordinary citizens face potential losses. Many people may soon realize that the “security” promised by banks was nothing but smoke and mirrors.

Meanwhile, globalist elites like the WEF have pushed policies designed to destabilize, control, and keep power centralized. Their agenda is simple: control the flow of money and leave ordinary citizens financially dependent. The crisis at NYCB isn’t an isolated event—it’s part of a larger scheme to consolidate power.

With signs of economic disaster all around us, it’s time to act. Protect your wealth now by diversifying assets, holding cash, cutting unnecessary expenses, and preparing for more financial turbulence. Standing up for financial justice isn’t paranoia—it’s taking action against a system rigged against the average person.

The collapse of NYCB is a call to action: it’s a wake-up call that the stability we were promised is a lie, designed to keep us compliant while they reap the profits. Enough is enough.

Read full post here:  https://dinarchronicles.com/2024/11/07/restored-republic-via-a-gcr-update-as-of-november-7-2024/

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

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

Militia Man  I think they've got it to an exposer level.  They haven't exposed the 2024 budget yet.  They haven't exposed the hydrocarbon law yet.  They haven't turned on oil in the Port [Into Turkey] yet.  Why?  Because I think the 2024 budget has something that we're waiting for.

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:
Mr. Sammy said he has heard that Citibank and JP Morgan who have worked with Iraq for the last two years went to all the meetings...with the IMF, World Bank. It turns out Citibank have come out with something called CitiDirect program.  It's...so banks can exchange foreign currency and deal with 135 different currencies.  It is direct and all digital just like everything we're doing in Iraq...Mr. Sammy says these two banks will be leading the way but it will be banks all over the world too.  FRANK:  You can't be a central hub at a program rate!

Debt Doom Loop: Rates Reality Brings US’ Reckoning Day Closer, Watch Shadow Banking Crisis | Pomboy

Kitco News:  11-6-2024

In a landmark election, Donald Trump returns to the White House as the 47th president. Jeremy Szafron, Anchor at Kitco News, sits down with Stephanie Pomboy, founder of MacroMavens, for a powerful analysis of what Trump’s return to the White House means for financial markets and the U.S. economy.

In this interview, Pomboy breaks down the immediate effects on Bitcoin’s record surge, a strengthening dollar, and the latest gold price moves.

Pomboy explores Trump’s bold proposal for a “strategic Bitcoin reserve” and his plans to reassert the dollar’s dominance globally as de-dollarization trends continue to rise.

Plus, she dives into the looming U.S. debt crisis and the economic challenges Trump will face as he aims to deliver on campaign promises. With insights into the Federal Reserve’s potential shift toward more QE, Pomboy offers a sharp look at what’s ahead for the economy under Trump’s leadership.

00:00 Introduction

 02:01 Election Results

05:36 Gold Market Analysis

08:16 US Dollar

10:41 Future of Gold and Debt Doom Loom

17:49 Bitcoin Spike

 23:45 Hard Assets

31:17 Federal Reserve and New Economic Reality

 33:36 Macro Data, Recession and What’s Next

37:55 Final Thoughts

https://www.youtube.com/watch?v=mLb7O9z6oC8