Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

News, Rumors and Opinions Saturday AM 11-9-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 9 Nov. 2024

Compiled Sat. 9 Nov. 2024 12:01 am EST by Judy Byington

Fri. 8 Nov. EBS: The Moment We’ve Been Waiting For. …The 17th Letter (JFK Jr.) on Telegram:

After the 10 days of darkness, we will reconnect to a new quantum internet. The old systems of government, education, finance, health, and commerce? Gone. A new age is coming. GESARA/NESARA activated.

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 9 Nov. 2024

Compiled Sat. 9 Nov. 2024 12:01 am EST by Judy Byington

Fri. 8 Nov. EBS: The Moment We’ve Been Waiting For. …The 17th Letter (JFK Jr.) on Telegram:

After the 10 days of darkness, we will reconnect to a new quantum internet. The old systems of government, education, finance, health, and commerce? Gone. A new age is coming. GESARA/NESARA activated.

Global Currency Reset:

Fri. 8 Nov. 2024 Wolverine: “People write and ask questions like is this a scam? No. It’s not. I’ve seen the Whales contracts. I know a billionaire who’s the biggest Paymaster in the World and has his own law firm. He wouldn’t be fooling around with this if it weren’t true. Everyone’s saying that by Tues.12 Nov. we should have a shotgun start. Everything is going at once. The bankers had a meeting and said that Zurich has already started. The codes were locked in a couple of days ago. Remember Tues. 12 Nov. is when we expect things to roll.”

Thurs. 7 Nov. 2024 Bruce: Tier4b (us, the Internet Group) should receive notification to set appointments over the weekend. Exchanges should start on Tues. 12 Nov.

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. Rates are EXTREMELY high.

Fri. 8 Nov. 2024: Declassification of Information: NESARA GESARA, White Hats, Quantum Financial System (QFS), Banking Cartels, Brunson Brothers, and Empowerment of the People! – amg-news.com – American Media Group

Fri. 8 Nov. 2024: MILITARY INTEL! Global Strategic Impact: Starlink’s Military Applications, RVs &GESARA, and the Quantum Financial System – amg-news.com – American Media Group

~~~~~~~~~~~

Thurs. 7 Nov. 2024: Federal Reserve Chairman Jerome Powell says he is REFUSING to resign if Trump asks him to. Ok, tough guy…You don’t have to leave, but Trump will just SHUT DOWN THE FED on day one and you will be without a job. How about that?! …The Patriot Voice on Telegram

First off, the Federal Reserve IS NOT A US GOVERNMENT AGENCY. It is a FOREIGN Central Bank that was installed without concern of the American people as a way to siphon any REAL WEALTH (Gold) into the hands of offshore Globalists. They wanted to keep us in perpetual debt slavery FOREVER.

They are actually operating UNCONSTITUTIONALLY on US soil since their inception in 1913 when Wilson passed the act after it was written in secrecy on Jekyll Island along with the IRS which is the enforcement arm of the Fed.

BOTH NEED TO BE ABOLISHED so that America can return to REAL PROSPERITY.

Read full post here:  https://dinarchronicles.com/2024/11/09/restored-republic-via-a-gcr-update-as-of-november-9-2024/

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

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
Alaq is on television calling for the price of oil in the budget to be adjusted to $40.  It's currently at $70.  The only reason we see this happening is Alaq knows there is going to be a rate change... FRANK:  That's right, because of a new exchange rate that is coming and because of the oil that will be used in 2025 with the new exchange rate. 

PompeyPeter  Where are we?  The have not seen the budget.  But we have seen something very interesting that encourages me now to talk about the budget.  [a new] article is an absolute doozy as far as I'm concerned because it's telling us quite a lot.  It's telling us that Sunday the 10th of November is...Cultural Day when Iraq thinks about its great thinkers, feats of engineering, its natural beauty, its wonders and its historic wealth...this great nation which was the foundation for much in the world.  This celebration is on Sunday.  They moved it forward from its traditional date of...the 18th.  They're saying they moved it because of the census...They moved it.  They moved it forward to Sunday.

LIVE! (BEWARE).THE CURRENT LIQUIDITY CRISIS WILL GET MUCH WORSE FROM HERE WITH NO WAY OUT.

Greg Mannarino:  11-8-2024

https://www.youtube.com/watch?v=D7viquYTndc

Goldman Sends Warning: "Collapse Is Coming" Prepare For Huge Market Crash Sell Off

Atlantis Report:  11-7-2024

The recent warning issued by Goldman Sachs about a potential market crash has sent shockwaves through Wall Street and global markets.

 Goldman Sachs's analysts have sounded the alarm, urging investors to brace for a massive sell-off that could decimate portfolios and erode trillions in market capitalization.

The warning from Goldman Sachs carries significant weight, as the firm is renowned for its market-moving predictions and unparalleled insights into the intricacies of the global financial landscape. With a reputation for being at the forefront of economic analysis, Goldman's alarming forecast has left investors scrambling to prepare for the potential fallout.

Today, we will analyze Goldman's warnings and the potential consequences of a market collapse.

https://www.youtube.com/watch?v=pQaU7vtL0-4

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Militiaman, News Dinar Recaps 20 Militiaman, News Dinar Recaps 20

MilitiaMan & Crew News Reporting-Sudani Art IV IMF-Port Faw Open-CBI Governor-No Room for Two Prices-USD-Dinar

MilitiaMan & Crew News Reporting-Sudani Art IV IMF-Port Faw Open-CBI Governor-No Room for Two Prices-USD-Dinar

11-8-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

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

MilitiaMan & Crew News Reporting-Sudani Art IV IMF-Port Faw Open-CBI Governor-No Room for Two Prices-USD-Dinar

11-8-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

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

https://www.youtube.com/watch?v=_gCfYJTP0qw

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Frank26, KTFA Dinar Recaps 20 Frank26, KTFA Dinar Recaps 20

FRANK26….11-8-24……AKI CALLED…

KTFA

Friday Night Conference Call

FRANK26….11-8-24……AKI CALLED…

This video is in Frank’s and his team’s opinion only

Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.  

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

KTFA

Friday Night Conference Call

FRANK26….11-8-24……AKI CALLED…

This video is in Frank’s and his team’s opinion only

Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.  

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

https://www.youtube.com/watch?v=u1Y3B_u-D3k

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

IRS Tax Code Updates 2024/25 What You Need to Know!

IRS Tax Code Updates 2024/25 What You Need to Know!

Edu Matrix:  11-8-2024

IRS Tax Code Updates 2024 25 What You Need to Know -The IRS announced over 60 major tax changes 2025 that could impact your tax savings and expenses!

From higher standard deductions and adjusted tax brackets to increased health and commuter benefits, these updates are designed to help American taxpayers manage inflation and ease financial strain.

In this video, we’ll break down the most significant changes you need to know, including updates to the standard deduction, Alternative Minimum Tax (AMT), earned income tax credit, estate tax, and more.

IRS Tax Code Updates 2024/25 What You Need to Know!

Edu Matrix:  11-8-2024

IRS Tax Code Updates 2024 25 What You Need to Know -The IRS announced over 60 major tax changes 2025 that could impact your tax savings and expenses!

From higher standard deductions and adjusted tax brackets to increased health and commuter benefits, these updates are designed to help American taxpayers manage inflation and ease financial strain.

In this video, we’ll break down the most significant changes you need to know, including updates to the standard deduction, Alternative Minimum Tax (AMT), earned income tax credit, estate tax, and more.

We’ll also cover key benefits for commuters, parents, and Americans working abroad. Whether you're a middle-income earner, high net-worth individual, or someone looking to save more in health and transportation costs, these changes could make a real difference to your finances in 2025.

Be sure to consult a tax professional for personalized advice, as these updates are set to take effect in 2025. Understanding these new rules can help you optimize your tax strategy and maximize your potential savings.

https://www.youtube.com/watch?v=y4FNKMSD95E

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Calls, Chats and Rumors DINARRECAPS8 Calls, Chats and Rumors DINARRECAPS8

Bruce’s Big Call Dinar Intel Thursday Night 11-7-24  

Bruce’s Big Call Dinar Intel Thursday Night 11-7-24  

Transcribed By WiserNow Emailed To Recaps

There we go, and welcome everybody to the big call tonight. It is Thursday, November 7TH  and you're listening to the big call. Thanks everybody for tuning in again, and we've got to have a great call tonight. We've got some good information that no Sue does not know - And so I hope to share that in some depth in my segment tonight, but we're gonna have a nice call tonight. So let's welcome everybody to come in the call tonight.  Thank you guys so much. And let's, let's go ahead and get the call started like we do every call and pray to call in

There was some chatter that was put out, and it was really a text or a post that was made that made some allusion to the fact that, oh, if you're a Zim holder with projects or without projects, you're going to be capped on how much your zIm is worth and how much you get.

That's a total why it's not true. I told you guys forever, so I don't think any of you believed it, but I've told you that what we're going to get is on par with the US dollar. And you know what on par means?

Bruce’s Big Call Dinar Intel Thursday Night 11-7-24  

Transcribed By WiserNow Emailed To Recaps

There we go, and welcome everybody to the big call tonight. It is Thursday, November 7TH  and you're listening to the big call. Thanks everybody for tuning in again, and we've got to have a great call tonight. We've got some good information that no Sue does not know - And so I hope to share that in some depth in my segment tonight, but we're gonna have a nice call tonight. So let's welcome everybody to come in the call tonight.  Thank you guys so much. And let's, let's go ahead and get the call started like we do every call and pray to call in

There was some chatter that was put out, and it was really a text or a post that was made that made some allusion to the fact that, oh, if you're a Zim holder with projects or without projects, you're going to be capped on how much your zIm is worth and how much you get.

That's a total why it's not true. I told you guys forever, so I don't think any of you believed it, but I've told you that what we're going to get is on par with the US dollar. And you know what on par means?

It means the same as  - so we're going to get that for the zim and don’t be dissuaded by everything you read, thinking that it's the truth – or because it’s in print, it's got to be true, not at all. This was a major mistake that was put out, and it's not something that is true. And you know, people that do that should know better, and to put that out like they really should before you print something, or put something out like that, you have to do your best and vet it and see if it's true and that was so you guys know what I'm talking about, great. And if it's not  then its over your head. Forget. It doesn't matter.

I would say the good news is that we were getting information, as you know, as early as last Tuesday and yesterday Wednesday that we are in a position to receive - But I have to remind you of something you know, Monday is Veterans Day, and we heard that from Jeannie and Veteran’s Day is a bank holiday.

Now, even though redemption centers can be open on a bank holiday, they never have before, and so we are not looking at Veteran’s Day as something to be a start for us.

We are also looking at the possibility of everything being released to all parties on hosts us in tier 4b those in tier four A and the Admiral’s groups, also referring to the R and R -  retribution and reconciliation. All of that, the retribution reconciliation amounts, should be occurring because that affects everybody, not just currency holders, if we're in currencies, but we also get the R and R, that's just a bonus for us. We don't really necessarily need it.

We won't turn it down, though it's going to be, it's going to be substantial for a lot of us - So that is designed to happen all together. And the money started being released for this last night at about 6:45 in the evening, with the theory that we would have a completion of at least notifications by 6:45 tomorrow night.

Now since that time, there have been a few mid course corrections that make it seem as if most everything that I just talked about is going to happen over the weekend this coming weekend, which is a three day weekend.

Now what we're being told is we can get notifications over the weekend, but the exchanges that we make for our currencies and a Zim that we redeem at the redemption centers, along with our currencies would start on Tuesday, and so Tuesday would be the 12th of November, so still a few days away.

All right. So what we're trying to say here is things are happening behind the scenes to release this and get this out to us in the way of our emails to emails to the bondholders, all of that is a very positive thing that's going to happen. Our bank contacts are seeing rates on the bank screens – front screens for 17 currencies today, and they're locked in  - they are solid

Now --  I don't know where the redemption center screens are right now, but they're probably not too far off. It tendencies for bank screens to be lit up and solid one day, and then redemption center screens the next. And it kind of been going back and forth, back and forth like that,

But I know that Sunday, which is the first banking day for Iraq and most of the Middle East will produce a new rate of the Iraqi dinar, again, another new rate which would show up Sunday in Iraq  - and they have already been trading and buying and Selling using the Iraqi dinar in the Middle East for about a week, week and a half so far.

So that's  kind of neat to think of. There was a time when we talked about regional currencies around the globe, and the Iraqi Dinar was said to be one that would be used to do business at the default currency in the Middle East. And it could very well still be that way, even though each country has their own currency.  You know, they may say, Well, we're going to use the Iraqi Dinar in seven or eight different countries in the Middle East.

So we'll see how that comes out. I’m not worried about that - But it is cool that Iraq is going to come with a new rate and this would be after the Forex comes back up, remember, tomorrow around five o'clock it closes for the weekend for 48 hours, and then it comes back up.

It comes back up Sunday at about five o'clock, Eastern time - and it reopens for the week – the Forex does -  The other thing we heard today, which was interesting, was that something was to start shortly after 7 PM tonight

We got this from a very good source, and we figured out finally, we did get a little more information on this with saying that security in three different areas for us, for the country, would be initiated tonight, at seven o'clock. This is this would be for areas. Let's see. How did it go? Anyway, it was three different areas of security concern that would be actually put into effect. So it should all, all those three areas should be in effect by sometime Saturday.

So that's moving forward, and I think we're really, yeah, I would have preferred and getting it before next Monday or Tuesday, but it looks  like we're going to be notified about this over the weekend, and set our appointments for some time, starting Tuesday the 12th of November.

Now the retribution and reconciliation allowance, I call it a couple different things, that is theoretically  -okay – Now let’s say it this way, we have bank accounts in the QFS and our accounts have been mirrored, okay, to where telling they can see it, but we can't, like walk seeing through a one way mirror. But I think in this case, that Mirroring is supposed to come off, and if the R and R of monies for us is already assigned to our bank accounts for direct deposit,  they may take the looking glass away sometime over this weekend, where we can actually see those accounts.

Now that's an interesting take. We may have it in our quantum financial accounts that we see when we go in for our exchanges, but it could be, and I'm hoping this is the case, that it's already being made as a direct deposit into our if you're on Social Security, the bank account that you receive your Social Security in or into.

And if you're not on Social Security, it would come to your bank account as a direct deposit, -- either way, direct deposit either to your Social Security bank account or to if you're not on Social Security, to your regular bank account that you have, and that's going to really be great for everybody, because even if you're young, you would get something, maybe not all of it, but you would get some of that money on a monthly Basis.

If you're older,  62 or older – I believe you would get it as a lump sum into your bank account,  we’ll see whether it's a lump sum, and we actually can identify and see that unmirrored account in our bank accounts, or if not, if we have To wait and we don't see it, they know who the zim holders are unless  they are not are enlisted and gifted them -  it may be something that we don't see until we give our quantum account what it needs to activate, which is our biometric finger or thumb print, which is our  new username and password, our new five digit, a personal identification number code,all of these things, and a brand new email address and we will use, using password for our email as well.

All those things will be created when you're in  - if you can help the thing  along and sort of start thinking of what you might want to use as username and password. I can't tell you how many characters it’s going to require, though, you know how that is. You got to at least a minimum of eight, probably at least eight, and you want to, maybe you want to practice that, or get some ideas in mind what you might use, so that you're not sitting there for questions to try to come up with a username or password.

Let's get this thing up. Come on. Let's go, you know, and that's what it could be like. It'll be fun. That'll be good. And I'm excited about that as well. So what I'm saying is, supposedly, this weekend should reveal something to us in the way of our emails from Wells Fargo servers with the toll free number included, and also something about the RNR. And it could be that we get some indication of NESARA and GESARA over the coming weekend.

Now I can't tell you when we're going to get the Emergency Broadcast System kicking in. You don't have to worry about 10 days of darkness. That was for the deep state. Did you notice how there weren't any skirmishes or any uprisings or anything after the election. No, it never happened and it wasn't going to they were totally ready. They were ready for anything.

And that's when the communication was turned off for emails, and what I'm trying to say for cell service and internet service and all that in some of those deep state areas of the country.

So, you know, that was kind of a non event, which was great. I'm glad it was a non event, and now we can move on together, unified, unified in purpose. We're going to see a lot of positive things. The fuel prices go down. We're going to see inflation drop. We're going to see just wars stop, and that the whole thing in the Ukraine, I think that will have that will be completely  irradicated  in weeks, if not days.

Also, it may be so quick we just blink. And it has happened. Same thing. He wants peace in the Middle East like we had.

All right, moving on. So we have what I wanted to bring out,

And so let's pray the call out, and we'll look forward to a great weekend

Bruce’s Big Call Dinar Intel Thursday Night 11-7-24  REPLAY LINK  Intel Begins   1:05:10

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHk0R

Bruce’s Big Call Dinar Intel Tuesday Night 11-5-24  REPLAY LINK  Intel Begins 1:00:50

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

Bruce’s Big Call Dinar Intel Thursday Night 10-31-24  REPLAY LINK  Intel Begins   1:15:45

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8

Thanks to Fraud, Big Banks Might Not Let You Make Your Normal Mobile Deposit

Thanks to Fraud, Big Banks Might Not Let You Make Your Normal Mobile Deposit

Chris Ozarowski   Thu, November 7, 2024  GOBankingRates

Do you use mobile check deposits to put your paycheck into your bank account? If so, you may be forced to change your habits in the future. Due to a wave of mobile check scams, Fidelity Investments has begun to limit some check deposit features, The Wall Street Journal reported.

Other organizations that have been similarly affected may soon follow suit.

If you’re worried about financial scams, learn the red flags you should look out for to protect your money.

Thanks to Fraud, Big Banks Might Not Let You Make Your Normal Mobile Deposit

Chris Ozarowski   Thu, November 7, 2024  GOBankingRates

Do you use mobile check deposits to put your paycheck into your bank account? If so, you may be forced to change your habits in the future. Due to a wave of mobile check scams, Fidelity Investments has begun to limit some check deposit features, The Wall Street Journal reported.

Other organizations that have been similarly affected may soon follow suit.

If you’re worried about financial scams, learn the red flags you should look out for to protect your money.

Check Fraud at Financial Institutions

Fidelity Investments is provides investment products and stock trading services to millions of customers. If you’re an American with a 401(k) or individual retirement account, there’s a good chance that you’re a Fidelity customer.

Until recently, customers with a Fidelity cash management account — similar to a checking account — could deposit paper checks by taking a photo of the check through the Fidelity mobile app. While the checks usually took two to six days to clear, customers were able to access a portion of the money right away, before the check was verified. This is what the fraudsters took advantage of.

By advertising a get-rich-quick scheme on social media, the scammers were able to convince some users to open Fidelity accounts and give them the log-in details, according to The Wall Street Journal. The scammers then took photos of fake checks and sent whatever money they could to their own accounts. They were able to convince the owners of the accounts to hand over their Fidelity credentials by telling them that they would receive a share of the ill-gotten gains.

The mechanism was similar to the “Chase Bank Money Glitch,” which went viral on social media. In both cases, users deposited fake checks through the mobile app or online portal and were able to move a portion of the funds before the checks were verified.

It’s worth noting that Chase is now filing lawsuits against customers who took advantage of this strategy.

How These Scams Work — Is Your Money at Risk?

In cases like these, the owner of the account, whose name and Social Security number were used to deposit the fake checks, is likely to be the one who suffers the consequences. The fraudsters will simply move on to another victim, or “money mule” as the Federal Bureau of Investigation calls them.

Getting access to another person’s account is a common method used for similar illegal activities, such as money laundering and wire fraud. Through social media, fraudsters find users who want to make some money and offer them a percentage of the potential gains for access to their bank account.

TO READ MORE:  https://news.yahoo.com/news/finance/news/thanks-fraud-big-banks-might-200011542.html

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

More News, Rumors and Opinions Friday Afternoon 11-8-2024

KTFA:

The Prime Minister's Office issues a strongly worded statement...and threatens

11/8/2024

The Prime Minister’s media office issued a strongly worded statement, threatening “legal prosecution of those who spread lies.”

A statement received by {Euphrates News} said, "In continuation of the approach of clarity and transparency in government work, and the related media effort aimed at spreading facts and establishing realistic information before our honorable people, in all areas of public service, we confirm that legal prosecution is ongoing for every party or entity that promotes or fabricates lies and false news

KTFA:

The Prime Minister's Office issues a strongly worded statement...and threatens

11/8/2024

The Prime Minister’s media office issued a strongly worded statement, threatening “legal prosecution of those who spread lies.”

A statement received by {Euphrates News} said, "In continuation of the approach of clarity and transparency in government work, and the related media effort aimed at spreading facts and establishing realistic information before our honorable people, in all areas of public service, we confirm that legal prosecution is ongoing for every party or entity that promotes or fabricates lies and false news, which aims first to confuse and mislead public opinion, and cover up for the corrupt, in addition to targeting the government team and the clear digital successes it has provided in files that have represented a difficult knot for service and economic performance over the years."

He pointed out that spreading lies is the weapon of the bankrupt, and the trick of those who do not expect a sincere and appreciated position in the consciences of our people and sons of our nation. Whenever the government takes a clear step forward, such as the achievement that angered the corrupt and spiteful, represented by receiving the docks of the Grand Faw Port, the falsifiers rush to spread cheap lies, the origins of which are no longer difficult to trace, and to track who is behind them trying to compensate for what he lost. Consequently, the law will take its correct course regarding deliberate fabrication, lying and slander.

He continued, "Our people have faced various media attacks over the past two decades, some of which targeted our armed forces and promoted terrorism, and some of which targeted the democratic process and promoted the orphans of dictatorship. Today, there are those who cooperate with corruption, or insist on replacing their role as defined by the constitution with the profession of buffoonery and lying, just to distort the tangible government achievement, and they deliberately pollute all parties with their deviations, after receiving painful blows, and there is no corruption file that has not been dealt with by the hand of justice."

He stressed that "the government team will continue to work and give, and these exposed methods will not hinder it from achieving its goals and priorities. The war on corruption will continue, in order to extend the hand of the law, and track down anyone who harms the reputation of any Iraqi, or targets with evil the performance of anyone who provides honorable service to all Iraqis."   LINK

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Clare: Sudan's top adviser refutes leaked 'billion-dollar bribe' allegations

11/8/2024

Abdul Karim Al-Faisal, Chairman of the Advisory Board in the Council of Ministers, denied on Friday what was circulated by some social media and "yellow pages" about a "fabricated" audio leak.

Al-Faisal explained, in a statement received by Shafaq News Agency, that "the audio clip that was published   was fabricated against me, and I deny the issuance of such content in its entirety and in detail, and it is pure slander," stressing that "there is no truth to his withdrawal from work."

He continued: "I place all my trust in the Iraqi judiciary, which, after God, will be the support and helper to bring me justice against those who wronged me," announcing that "this is targeting and warning to everyone who works and fights with honor and integrity the types of corruption that have ravaged Iraq's wealth."

Al-Faisal concluded by saying: “I know that this is a price paid by those who do not rely on the corrupt and their methods that lack chivalry and morals, and the rumour-mongers will not deter us from building the state and its institutions with this cheap targeting.”  LINK

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

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

Militia Man  They're going to need to expose their exchange rate so they can get on the Forex and they can open the doors so they can start paying for all those obligations...

Walkingstick   Citibank and JP Morgan have been in Iraq for years...They've been working with the CBI.  They've been working very closely with the digital platform for the foreign currency that will be coming in because there is no more foreign currency inside of Iraq although Iraq is now a currency hub...Iraq phased out the American dollar and all foreign
currency in order for the dinar to be their dominant sovereign currency of their nation.  Because of this action the dinar is no longer paired to the USD but it is pared with a basket of foreign currency...This is very good for the monetary reform policy...

Fact Checking Fed, 25 bps Rate Cut, Powell Refuses to Resign if Trump Asks, Says Economy Is Great

Lena Petrova:  111-8-2024

https://www.youtube.com/watch?v=D3jYBnBln20

If You End the Fed, You Don't Have To Fire Powell

Arcadia Economics: 

Yesterday during Jerome Powell's press conference he was asked if he would resign if Trump asked him to leave. Fortunately, to show you what happened, and recap all of the Fed news from yesterday, including the reaction by gold and silver, Vince Lanci has you covered.

He also highlights one of Trump's other options regarding the Fed, and to find out more, click to watch the video now!

https://www.youtube.com/watch?v=OadbfVi5CZI

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“Tidbits From TNT” Friday 11-8-2024

Tishwash:  Al-Alaq describes the parallel dollar as “abnormal”: There is great stability in prices

The Governor of the Central Bank of Iraq, Ali Al-Alaq, described the prices traded in a real parallel market as “abnormal,” while pointing out that there is great stability in prices and a decline in inflation rates.

Al-Alaq said in an interview with local media outlets: “We understand the focus on the rise in exchange rates in local markets, but we believe that the focus should be on the ability of the Central Bank to implement full coverage of foreign transfers for commercial or other purposes, and this happens on a daily basis.”

TNT:

Tishwash:  After extending the legislative term... Parliamentary movement to pass 5 "important" laws

 Member of Parliament Mudar Maan confirmed, today, Thursday (November 7, 2024), that the extension of the legislative session for 30 days came with political consensus to decide on 5 "important" laws.

Maan said in an interview with Baghdad Today, "The extension of the legislative session for 30 days came with political consensus among the forces due to the importance of proceeding with the vote on 5 laws that have reached the final stages, most notably the amendment of the general amnesty law and the rest of the other laws."

He added that "the extension comes in order to give the committees a chance to complete their work and proceed in the upcoming sessions to vote on the laws that concern many segments of Iraqi society," stressing that "there are agreements to proceed with the laws."

Maan pointed out that "the House of Representatives will proceed at a faster pace in deciding the laws during the extension, during which we will see important laws put to a vote."

The media department of the House of Representatives stated in a brief statement today, Thursday, that the House Presidency decided to extend the current legislative session for 30 days, starting from November 9.  link

Tishwash:  Al-Alaq describes the parallel dollar as “abnormal”: There is great stability in prices

The Governor of the Central Bank of Iraq, Ali Al-Alaq, described the prices traded in a real parallel market as “abnormal,” while pointing out that there is great stability in prices and a decline in inflation rates.

Al-Alaq said in an interview with local media outlets: “We understand the focus on the rise in exchange rates in local markets, but we believe that the focus should be on the ability of the Central Bank to implement full coverage of foreign transfers for commercial or other purposes, and this happens on a daily basis.”

He added, "The daily dollar selling rates are high and almost sufficient to cover the needs of traders, businessmen and even citizens, and therefore we look at the price through the amount of sales that the Central Bank undertakes daily at the official price."

He pointed out that “the Central Bank looks at another indicator, which is the inflation rate in the market, and we notice that there is great stability in prices and a decrease in the inflation rate, which indicates that foreign trade is covered by the official price, which is 132,000 dinars.” (Per dollar)

The Central Bank Governor continued: “The price that is traded in the market is in fact an abnormal price that does not reflect the true price. Usually, this price is called a parallel price when there is a real parallel market with sources of dollars other than the Central Bank.”

Al-Alaq called on citizens to “pay attention to the fact that the price they are looking at is the price at which the Central Bank sells to traders,” noting that “more than 95% of the Central Bank’s daily sales are foreign transfers, and this foreign transfer is what represents the reality of commercial and other operations that it covers at the official price.”  link

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

Tishwash:  Al-Sudani takes a number of steps regarding financial and banking reform in Iraq

Prime Minister Mohammed Shia al-Sudani directed, on Friday, to take a number of steps within the framework of banking and financial reform in the country, including increasing the number of bank branches in the governorates, as most activities are concentrated in the capital, Baghdad.

Al-Sudani's media office stated in a statement today that "within the framework of efforts to reform the financial and banking system, as one of the priorities of the government program, and in light of the important steps achieved during the past two years, and in light of the challenges facing the financial and banking system, especially in the governorates, and since confronting them requires greater attention and radical improvements to ensure enhancing confidence in the financial and banking sectors, facilitating the process of economic development, increasing financial inclusion and raising its indicators throughout the country, and because most of the activities were concentrated in the capital, Baghdad, Al-Sudani directed that a number of steps be taken in this regard."

Among the steps, according to the statement, is “increasing the number of bank branches in the governorates to meet the needs of the local population, and in a way that contributes to expanding the scope of financial services, while paying attention to buildings, their modernity, and providing their basic requirements.”

The statement pointed out the necessity for all banks in the governorates to adopt modern technologies such as online banking services and mobile applications, which facilitates citizens’ access to their banking services easily.

The statement stressed the importance of banks developing their financial services to suit the needs of individuals and small businesses, such as soft loans and savings accounts.

The media office pointed out the enhancement of financial inclusion in the governorates by providing banking services to different segments of society, including districts and sub-districts in villages and rural areas.

The statement called for launching conferences and awareness campaigns in the governorates, to educate citizens about the importance of dealing with banks and how to manage and invest money properly.

The statement directed the organization of workshops to train young pioneers and local businessmen on how to deal with loans and financial services.

The statement added that the Ministry of Finance, the Central Bank of Iraq, and the Iraqi Private and Islamic Banks Associations will coordinate with the governors’ offices to accomplish the above tasks according to their jurisdiction and responsibility, and submit quarterly reports (every three months) to the Prime Minister’s Office regarding the progress of work on the steps mentioned above. link

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

Tishwash:  Parliamentary Oil: Gas licensing rounds will support the financial budget

The Parliamentary Oil and Gas Committee stressed, on Thursday, the importance of gas licensing rounds in diversifying Iraq's imports and supporting its budget with new sums.

Committee member Ali Saadoun said in an interview with Al-Maalouma Agency, “The gas licensing rounds are of great benefit to Iraq and provide the financial budget with sums through extracting and selling gas, as well as diversifying the state’s imports.”

He added, "There are quantities of gas in several exploration extraction areas, and the companies that have applied to work in them are diverse, including Chinese companies, and they will begin their activities," indicating that "this important step was supposed to take place 10 years ago." 

It is noteworthy that the Minister of Oil, Hayan Abdul Ghani, had previously expected an increase in gas production by 3 billion cubic feet as a result of the licensing rounds.  link

Mot: The Box - Simon's Cat...... https://www.youtube.com/watch?v=EKvNqe8cKU4

Mot:  Christmas Cat

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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20

Coffee with MarkZ and Mr. Cottrell. 11/08/2024

Coffee with MarkZ and Mr. Cottrell. 11/08/2024

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: Good Morning and wow- Friday already!!! Friday before a 3 day weekend!!

Member: Ready for some good RV news today!

Coffee with MarkZ and Mr. Cottrell. 11/08/2024

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: Good Morning and wow- Friday already!!! Friday before a 3 day weekend!!

Member: Ready for some good RV news today!

MZ: In Iraq: You know how they extended the parliamentary session for 30 days……Do you know exactly when they extended it too?

Member: Iraq freedom day on Dec. 10th  when Sudani said he hoped to finish the monetary reform by….

MZ: Yup- Isn’t that interesting. Sudani was overheard saying they planned to have the revaluation completed, everything done by Victory Day.   Which is December 10th….. This is from a number of folks in parliamentary finance who heard the comment. This means they have to go soon if it’s to be “completed by Dec. 10th.

MZ: “After the extension of the legislative term- Parliamentary movement to pass 5 important laws”   I believe one of those is the HCL..

Member: Does the parliamentary delay mean a delay for the RV?

Member: No it means they need to hurry up the RV. imo

MZ: “Sudani issues 6 directives to increase financial inclusion and raise its indicators in all governates”  These include increasing number of banking branches, modern technologies, banking services…ect. They have modernized their banking system for the rise in value of their currency. This is all part of their white papers and economic reforms. One of their goals is to raise the purchasing power of the dinar for all Iraq. That means a revaluation (RV) or Re-instatement.

MZ: “ Economist: Faw port and Development Road will achieve 6 % of oil revenues”  if oil revenues are $100 trillion dinar – than 6% is $6 trillion dinar in non oil revenues in fees, tariffs ect…..Iraq is broadening their economic base. .

Member: How many times has Iraq revalued its currency- I heard 3 times.

MZ: Yes – at least 3 times for a massive change. I believe the last one was in the early 80’s.  So at least 3 times in the last 100 years.

MZ: Bond folks are still silent. Still hitting a brick wall…..But I would remind you what I shared yesterday on that front. I do not think we are going to hear anything until it all breaks loose.   I could be wrong and if there is a change I will tell you.

MZ: I am particularly excited on where we are at and expect great news over the weekend and early next week

​​Member: Hey Mark! Is there a relationship between the bonds being payed going and Iraq reinstating their currency? So, so if the bonds are paid, Iraq goes too?

Member: So, if it's completed on Dec 10th, when does it begin? What the ETA on turn-around time?

Member: Why does no one believe Al Sudani? He always said by the end of the year Auctions for US dollars will end….. instead of taking a deep breath and holding it, let it out so you have the living breath to enjoy life after.

Member: Federal reserve Powel is refusing to stand aside lol ….well I guess when the Fed is gone- you will be by yourself

Member: Usually, the Fed Board of Governors elects their Chairman and sends it to the President, who then announces it to the Country and the World! Powell's term as Chairman ends in 2026!

MZ: “Fed Chairman Powel says he feels good about the economy and Trump cannot legally fire him”  Can he or can’t he?  The Constitution of the United States says that “ No bank or state can create any currency other than Gold and Silver” So our currency lawfully must be backed by gold and silver. So what was illegal is the Federal Reserve act in 1913!  

MZ: What Trump could do (if my understanding of the constitution is correct ) is sign an executive order…..This could cause a constitutional crisis and the Supreme court would have to rule.  If it goes to the supreme court……the constitution is clear. And the Federal Reserve would be “Out of Business” . And the US Treasury would be in Business with a gold/asset backed new currency. LOL….I think Mr. Powell should refuse to go quietly….lol

Member: I wonder-Does the U.S. treasury have the final say to pull the trigger?

Member: I wonder if getting rid of Powell would be a great way to kick off Nesara/Gesara

MZ: It may be a great opportunity to do it.

Member: We're praying for many who are on the verge of giving up on the RV & NESARA and MedBeds.

Member: I've put my expectations to mid December. If it's sooner - I'll be wondrously surprised and thrilled.

Member: What chance do you think we have of notification over the weekend?

Member: My tin-foil hat logic - Today would be a great day to RV. Why? It's a 3 day weekend and, as of today, there's exactly 47 days left in 2024 - a perfect day for 47 to introduce Nesara kicking off.

Member: Monday, 11/11 is my birthday! That'd be a great gift!

Member: Happy Veterens day to all veterans and their families. Thank you for your service.

Member: Thank you Mark! Thank you Mods and Mr. C! Have a great Friday everyone!

Mr. Cottrell and CBD Gurus join the stream today. Please listen to the replay for thier information and opinions

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

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

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

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

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

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

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

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

Youtube:     https://www.youtube.com/watch?v=QKDFqSwN6Qk

 

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Iraq Economic News and Points To Ponder Friday am 11-8-24

Al-Alaq Describes The Parallel Dollar As “Abnormal”: There Is Great Stability In Prices

 November 7, 2024  Baghdad/Iraq Observer   The Governor of the Central Bank of Iraq, Ali Al-Alaq, described the prices traded in a real parallel market as “abnormal,” while noting that

 there is great stability in prices and a decline in inflation rates. Al-Alaq said, in an interview with local media, followed by “Iraq Observer”:    “We understand the state of focus on the rise in exchange rates in local markets, but  we believe that the focus should be on the ability of the central bank to implement full coverage of external transfers for commercial or other purposes, and this   “It happens on a daily basis.”

Al-Alaq Describes The Parallel Dollar As “Abnormal”: There Is Great Stability In Prices

 November 7, 2024  Baghdad/Iraq Observer   The Governor of the Central Bank of Iraq, Ali Al-Alaq, described the prices traded in a real parallel market as “abnormal,” while noting that

 there is great stability in prices and a decline in inflation rates. Al-Alaq said, in an interview with local media, followed by “Iraq Observer”:    “We understand the state of focus on the rise in exchange rates in local markets, but  we believe that the focus should be on the ability of the central bank to implement full coverage of external transfers for commercial or other purposes, and this   “It happens on a daily basis.”

He added,   “The daily dollar selling rates are high and almost sufficient to cover the needs of merchants, businessmen, and even citizens.

 Therefore, we look at the price through the amount of sales that the Central Bank undertakes daily at the official rate.” He pointed out,

  “The Central Bank looks at another indicator, which is the inflation rate in the market, and

 we notice that there is great stability in prices and a decrease in the inflation rate, which indicates that foreign trade is covered by the official price, which is 132,000 dinars.” The Governor of the Central Bank continued:

  “The price that is being traded in the market is in fact an abnormal price that does not reflect the reality of the price.

 Usually, this price is called a parallel price when there is a real parallel market that has sources of dollars from other than the Central Bank.”

 Al-Alaq called on citizens to “pay attention to the fact that the price they are looking at is the price at which the Central Bank sells to merchants,” pointing out that

 “more than 95% of the Central Bank’s daily sales are external transfers, and

this external transfer is the one that represents the reality of commercial and other transactions.” He covers it at the official price.”    https://observeriraq.net/العلاق-يصف-دولار-الموازي-بـالشاذ-وجو/

The Governor Of The Central Bank... Who Goes To Buy Dollars From The “Black Market”?

 November 7, 2024  Baghdad/Iraq Observer   The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, identified the categories that go to buy dollars from the black market.  Al-Alaq said, in an interview with local media, followed by “Iraq Observer,” that

 “a number of merchants, for their own reasons, still do not come using the traditional method and transfer what they need at the official price, but the percentage of these merchants decreases over time.” He added,

  “There were a small number of people entering the platform for external transfers,

 but now the numbers have become large and constantly increasing, and

 when we reach the point that everyone is moving to use official and fundamentalist channels in the transfer process, then we find no room for there to be two prices for the dollar.”.  The Governor of the Central Bank wondered:

“Why do some people go to buy the dollar on the black market if they have a legitimate request to obtain the dollar, such as if they are a traveler or a citizen buying from abroad or a merchant importing goods or a person who refers to related people abroad for study or treatment or for each other?” Purposes?     https://observeriraq.net/محافظ-البنك-المركزي-يُحدد-من-يذهب-لشرا/

Iraq's Possession Of Gold Increased To More Than 152.5 Tons

 Economy  2024-11-06 Shafaq News/ The World Gold Council announced, on Wednesday, that Iraq had increased its gold holdings to more than 152.5 tons.

According to the latest table published by the Council for the month of November 2024, viewed by Shafaq News Agency,

 “Iraq ranked 29th out of 100 countries included 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 possession of gold to 152.6 tons after its possession was 152.5 tons, which represents 11.5% of its other reserves." The Council also pointed out that

  “the United States of America sits on the throne of the rest of the countries with the largest possession of gold in the world at 8,133.5 thousand tons, followed by Germany with 3,351.5 thousand tons, then Italy came with 2,814 thousand tons, while Bosnia and Herzegovina came at the bottom with 1.5 thousand tons.” tons".

 It is noteworthy that the World Gold Council is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.    https://shafaq.com/ar/اقتصـاد/ارتفاع-حيازة-العراق-من-الذهب-لى-كثر-من-152-5-طنا

Iraq Is Entering A New Economic Phase.. “Huge” Ships Dock In The “Large” Port

 November 7, 2024  Basra/Iraq Observer   With the receipt of the five berths of Al-Faw Port from the Korean executing company, Iraq entered the era of a state whose ports overlooking the Gulf are officially relied upon to receive huge ships.

 An event that Prime Minister Muhammad Shiaa Al-Sudani, who sponsored today’s handover ceremony for the project that the government described as the “People’s Project,” stressed that

“it is of great importance because of its connection to the development road project, which will connect, starting from the large port of Al-Faw, the economies of most countries in the region, and will be an outlet for achieving integration.

” The economist, pointing out that Iraq remains a fundamental pillar in the global economy, and a historical part and corridor of the most important international exchange routes.

 During the opening, Al-Sudani pointed out the importance of the five berths in the Grand Al-Faw Port.

 It represents the backbone of the port project in its first phase, which will be completed next year according to the previous schedules.

 Huge commercial ships with large submersibles have already docked at the port’s docks.

 Increase Revenue

 Member of the Parliamentary Finance Committee, Mustafa Al-Karawi, said in a statement to the official agency, followed by “Iraq Observer,” that

 “Iraq depends on oil for its resources by 90%, and

there is serious government work and direction to increase non-oil revenues,” indicating that

 “the importance of ports lies in their It represents two revenue streams: the

     first is oil through exporting oil and receiving oil tankers, and the

     other is through the entry of goods.”  He added,

“The opening of the five berths and the completion of the investment in Al-Faw Port will contribute to supporting the path of development, in addition to being part of the Silk Road,” noting that

 “Iraq is located in a geographical area that makes it a link between the major countries, China and Europe.”

 Development Path

 In turn, the Prime Minister’s Advisor for Transport Affairs, Nasser Al-Asadi, said in a statement to the official agency and followed by “Iraq Observer” that

 “the opening of the first berths of the port will be followed by the opening of the remaining berths within the specified periods,” pointing out that

“the economic importance of these berths lies in opening the door Iraq has to make the Al-Faw Port project a reality, transforming it into a diversified economy through Al-Faw Port’s revenues.”  He stated,

 “Al-Faw Port has become a reality and will be the main artery of development, in addition to providing great job opportunities.” He confirmed,

  “The ships have begun to dock experimentally at the five berths, all of which have been opened,” noting that

 “there are other parts of the port that are close to completion.”

Giant Ships

Economic analyst Ahmed Abd Rabbo confirmed in a statement to the official agency, which was followed by “Iraq Observer,” that

“Al-Faw port differs from other ports in Iraq in that it is directly connected to the Gulf, while the other ports are in sea channels, and the

 opening of the five berths means inaugurating the phase of Iraq’s reception of giant and large ships that... It was impossible to enter.” He stated,

 “The other advantage of Al-Faw Port is the depth of its waters, which differs from other ports, and this matter will contribute to the process of actually embarking on the path of development by allowing ships of various sizes to dock.” He continued,

 “The opening of the docks cut off the talk of those who doubted the completion of Al-Faw Port and began the countdown to the completion of the Grand Al-Faw Port project.”

Attracting international shipping companies

 Economic expert Ahmed Saddam said in a statement to the official agency and followed by “Iraq Observer” that

“the expected economic importance of Al-Faw port after completing other equipment such as cranes, warehouses, management systems and their accessories lies in encouraging the entry movement of large ships that need a large draft, as well as reducing the burden on Umm port.” castle". He continued,

 “This means that Al-Faw Port will contribute to attracting new shipping companies in the future that can raise the level of the port’s revenues.” He pointed out,

 “Other positives for the Iraqi economy are the provision of

     employment opportunities within the port, as well as

     opening the door to internal land transport companies that will deal with the port in the future.” He stated,

  “If we take into account the activation of the Basra Law, the economic capital of Iraq, then

 Al-Faw Port will be the mainstay for attracting foreign direct investment companies after providing appropriate facilities for that.

 This will naturally be reflected in the Iraqi economy by raising the level of non-oil investments and their revenues.”    https://observeriraq.net/العراق-يدخل-مرحلة-اقتصادية-جديدة-السف/

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

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Seeds of Wisdom RV and Economic Updates Friday Morning 11-8-24

Good  Morning  Dinar Recaps,

XRP LAWSUIT: ARE RIPPLE’S BRAD GARLINGHOUSE AND CHRIS LARSEN AT RISK OF PRISON, OR WILL THE SEC WITHDRAW ITS APPEAL?

The final phase of the crypto bull market appears to have begun, with Bitcoin hitting new highs and altcoins starting to show signs of lifeMeanwhile, there’s growing speculation that the SEC’s new chair could end lawsuits against Ripple, Coinbase, and others. Former SEC officials are predicting big changes ahead.

It seems like SEC Commissioner Mark Uyeda is in the running to be appointed acting SEC chair during the transition period after Gary Gensler’s departure

Good  Morning  Dinar Recaps,

XRP LAWSUIT: ARE RIPPLE’S BRAD GARLINGHOUSE AND CHRIS LARSEN AT RISK OF PRISON, OR WILL THE SEC WITHDRAW ITS APPEAL?

The final phase of the crypto bull market appears to have begun, with Bitcoin hitting new highs and altcoins starting to show signs of lifeMeanwhile, there’s growing speculation that the SEC’s new chair could end lawsuits against Ripple, Coinbase, and others. Former SEC officials are predicting big changes ahead.

It seems like SEC Commissioner Mark Uyeda is in the running to be appointed acting SEC chair during the transition period after Gary Gensler’s departure

This is huge for the crypto space, especially since Uyeda is known for being more favorable towards the industry. There’s also a chance that Hester Peirce, another crypto-friendly commissioner.

Jeremy Hogan, a crypto lawyer, also shared his thoughts, predicting that Gensler will likely step down before January 20th. He believes that the new leadership will move quickly to dispose of non-fraud crypto cases, including those involving Ripple and Coinbase.

This could lead to the dismissal of many ongoing cases, with the Ripple case likely settled for the $125 million already awarded by the court.

Amid the ongoing uncertainty surrounding the current administration, one user asked whether a new, crypto-friendly government could lead the SEC to withdraw its appeal in the Ripple case. 

Marc Fagel, a former SEC attorney said that typically, enforcement actions are based on the law, not political influence, and it would be highly unusual for the SEC to reverse courseHowever, with the current administration challenging traditional norms, it’s hard to predict what could happen next.

When asked whether Ripple executives Brad Garlinghouse, David Schwartz, and Chris Larsen could face prison time for alleged fraud, the attorney declined to comment. The user accused them of “scamming people for over 10 years” and profiting hundreds of millions did not receive a direct response.

@ Newshounds News™

Source:  CoinPedia

~~~~~~~~~

DEFI NEEDS REGULATION TO DRIVE ADOPTION — WEB3 EXEC

Web3 professional Agne Linge believes that for broader DeFi adoption, regulations must catch up to make people feel safe.

While decentralized finance (DeFi) technology is advancing within the Web3 space, a crypto executive believes the sector still has a long way to go.

At the recent Binance Blockchain Week in Dubai, Agne Lingea former director of Binance Lithuania who now works with Web3 projects WeFi and Yellow Network, told Cointelegraph that while regulations in jurisdictions like Europe have addressed centralized exchanges and wallet providers, DeFi remains largely “out of scope.”

Linge believes that for DeFi to achieve broader adoption, regulations must be deployed for the industry. Linge told Cointelegraph:

“If you want adoption, we need regulation. We need people to feel safe and to trust the institutions. With what happened in the crypto industry, I think we still have some reputational work to do.” 

Linge also praised regulators for “weeding out” bad actors in the ecosystem and trying to understand the technology but emphasized that DeFi also needs attention.

DeFi not “totally” decentralized

While some in the crypto community believe DeFi should operate without regulation, Linge has a different view. The executive said that even decentralized autonomous organizations (DAOs) members are in danger of being legally accountable. She said:  

“This is not true. I mean, even a DAO. If you are a DAO, then all of the DAO members can be legally liable.”

According to Linge, the space needs regulation because it’s “not totally decentralized.” Linge explained that DeFi still has people signing contracts, on and off-ramp providers, and other variables that would benefit from regulatory clarity.

When asked about DeFi’s potential for wider adoption, Linge argued that, because DeFi places finance on a decentralized blockchain, it could reduce reliance on centralized options:

“With the tools that we have, everything is widespread and globally connected, why would we use centralized solutions? I mean, this will provide more efficient interaction and integration to everything.”


She added that while DeFi is currently in its own niche, it will eventually take another shape or form. “Maybe not completely like autonomous. There will be persons responsible like legal entities, but in general, the infrastructure is only for the benefit of this globally interconnected world,” Linge added.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

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@ Newshounds News™

Source:  
Seeds of Wisdom Team RV Currency Facts

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