More News, Rumors and Opinions Tuesday Afternoon 11-12-2024
Gold Telegraph: Big Moves are Quietly Happening
Monday November 11
More central banks are stepping in to sell dollars to support currencies. Vietnam is the latest.
India is pushing for more trade with Russia to be settled in rupees. India’s trade with Russia is currently at $66 billion, and it aims to reach $100 billion by 2030.
The trend continues…
Gold Telegraph: Big Moves are Quietly Happening
Monday November 11
More central banks are stepping in to sell dollars to support currencies. Vietnam is the latest.
India is pushing for more trade with Russia to be settled in rupees. India’s trade with Russia is currently at $66 billion, and it aims to reach $100 billion by 2030.
The trend continues…
BREAKING NEWS: GHANA’S CENTRAL BANK SOLD $214 MILLION WORTH OF DOLLARS TO THE MARKET TO SUPPORT ITS CURRENCY
Another one.
“Intervention was highest in a week this year, Databank says…”
BREAKING NEWS: UNITED OVERSEAS BANK HAS SIGNED A MEMORANDUM OF UNDERSTANDING WITH THE SHANGHAI GOLD EXCHANGE TO CONNECT CHINA’S GOLD SUPPLY CHAIN TO ASEAN MARKETS
Big moves are still quietly happening.
“Referring to a report by the Singapore Bullion Market Association, UOB notes that there is an increasing demand for gold in Southeast Asia with a rising middle-class population…”
https://dinarchronicles.com/2024/11/11/gold-telegraph-big-moves-are-quietly-happening/
************
TNT:
His advisor: Al-Sudani's visit to Kurdistan focuses on these files
The Prime Minister's Advisor, Subhan Mala Jiyad, confirmed that the upcoming visit of Prime Minister Mohammed Shia al-Sudani to the Kurdistan Region will focus on the pending files between the center and the region and the process of forming the government.
In a television interview seen by Al-Maalouma Agency, Jihad said, “The visit is important and comes at a very necessary and sensitive time for Iraq and the Kurdistan Region in general, especially since Prime Minister Mohammed Shia al-Sudani was able to establish a strong relationship based on mutual trust between the center and the region during the past two years of the Iraqi government’s term.”
He added, “This relationship today has become a point of pride, whether in the center or in the region, and is built on mutual trust, frankness and transparency. Therefore, this visit comes in the context of this issue and in the context of resolving the pending problems, if there are pending problems between Baghdad and Erbil, and also between the parties of the region, as it encourages shortening the time in forming the next regional government.”
He continued, “There will be a meeting between the Iraqi Prime Minister as well as with the leadership of the Patriotic Union of Kurdistan in Sulaymaniyah, and certainly one of the main topics currently being discussed is the issue of forming the Kurdistan Regional Government and helping to form it as quickly as possible."
Al-Sudani's advisor pointed out that "the center needs a harmonious and strong regional government, especially in light of the good and balanced relationship between the region and the center, because the center also needs this government to be in a way that helps develop the relationship." link
Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat I see what is happening in Iraq as a final “cleanup” from the sanctioned days and war years...there is going be some huge change in policy of currency exchange for international trade with Iraq...why else would the CBI make such a drastic change in policy with the currency auctions if the US didn’t tell them to “ditch the dollar” and do it now. ...But in order to do it Iraq needed the reforms... reforms come first, then they can rebuild their economy and somewhere in the new economy building phase, they strike out and delete the zeros and reinstate...So, come the end of 2024 don’t you think these reforms will be ‘good enough” to let the dinar finally get to FOREX? I was told this is their target.
Frank26 [Bank story] This time we didn't go down, we just called [the bank]...We said we want to see if we can exchange some currency and he said what kind of currency? We said Iraqi dinar. He didn't even skip a beat, he said, well I'm not sure about that one right now let me talk to my colleagues and I'll get back to you. Easy-peasy, we were just kind of shocked. He put me on hold and came back and he very calmly said sir…. with the amount that you told us you have, the Brinks truck will come to your house and they will do the exchange right there in your house and then you'll be good to go. It'll be in your bank. You'll be able to verify it on your phone, in your app that shows your banking information. He said you'll be able to validate on a computer, all that jazz, that the money is in your account...They're saying we should have and accountant and tax attorney. They have a list of all that, that they'd be more than happy to share. I said no thank you I have all that covered...It was amazing. Our jaws dropped...This was [last] Monday by the way...
************
America's Largest Banks Can’t Come Back From This
Atlantis Report: 11-12-2024
The financial system of the United States has been a symbol of strength, resilience, and stability for a long time, which has supported the nation's economic power on the global stage. However, recent revelations and increasing evidence suggest that the country's largest banks are on the brink of a severe crisis.
This crisis is so deep that the chance of their recovery is questionable and can send devastating shockwaves through the entire financial system.
“Tidbits From TNT” Tuesday 11-12-2024
TNT:
Tishwash: Unprecedented" .. Iraq prepares to launch a group of investments worth a quarter of a trillion dollars
Iraq is preparing to launch a wide range of projects with the aim of attracting investments worth up to a quarter of a trillion dollars over the next two years, in an unprecedented move in the country.
The package of investment opportunities includes projects in the fields of renewable energy, industrial and agricultural cities, and railway networks, in addition to the education, communications, tourism and entertainment sectors, according to the head of the National Investment Commission, Haider Makiya.
TNT:
Tishwash: Unprecedented" .. Iraq prepares to launch a group of investments worth a quarter of a trillion dollars
Iraq is preparing to launch a wide range of projects with the aim of attracting investments worth up to a quarter of a trillion dollars over the next two years, in an unprecedented move in the country.
The package of investment opportunities includes projects in the fields of renewable energy, industrial and agricultural cities, and railway networks, in addition to the education, communications, tourism and entertainment sectors, according to the head of the National Investment Commission, Haider Makiya.
In an interview with Asharq Al-Awsat, Makkia revealed that the authority has completed all the necessary requirements for 103 investment opportunities, in addition to major future projects, and “it is possible that within the next two years there will be funds flowing in the amount of about 250 billion dollars” to Iraq.
This package comes amid the National Investment Commission’s activity to revive dozens of projects that have resumed work, in addition to reactivating others, and addressing the obstacles facing investors with various sectoral bodies. According to the head of the commission, “the number of stalled projects in all of Iraq has reached 249 projects.”
The National Investment Commission was established in 2006. Since then until the end of 2022, the volume of investments flowing into Iraq did not exceed $35 billion. However, after implementing administrative and technical reforms and setting controls to facilitate the investment process, the volume of investment licenses granted increased to $69 billion by last June, according to Makiya.
Commenting on the statement of the Iraqi Prime Minister, Mohammed Shia al-Sudani, in late October, that “the volume of investment for the year 2024 reached $100 billion,” Makiya explained that “that number is correct if we add the $69 billion flowing from the same year with other strategic projects such as the Baghdad Metro project and the (Najaf-Karbala Metro) project, the number reaches $100 billion.” link
***************
Tishwash: Parliamentary Finance: 2025 Budget Aims to Achieve More Economic Stability
The Finance Committee revealed that the government has begun preparing the budget schedules for next year 2025, while indicating that the desired goals are to achieve development and increase non-oil revenues, in addition to achieving more economic stability for the country.
The head of the committee, Atwan Al-Atwani, said in an interview with “Al-Sabah” followed by “Al-Eqtisad News”, that “the government has begun preparing the infrastructure for the 2025 budget and has determined the requirements for reviewing this budget, as we look forward to these tables arriving next year or perhaps some of the items that the government needs to complete the requirements for their implementation, indicating that the goals set and desired from this budget are to achieve development, increase non-oil revenues, and search for means for clear economic stability.”
Al-Atwani added, "The operating budget has begun to extend over the investment budget, and this burdens the budget and makes it limited in its set objectives. Therefore, from now on, we must search for additional resources and achieve non-oil revenues that can provide stability to the economy," indicating that this matter led to "our move towards rationalizing consumption because it is an important matter."
Regarding the digital transformation process, the Chairman of the Finance Committee believes that this matter is “an essential structure for achieving a significant and noticeable increase in non-oil revenues, and all of this will be included and solutions sought for it in the 2025 budget.”
The head of the Finance Committee also explained that "the budget deficit may be the same as in 2024 because the government has been paying off its foreign loans, and in return, investment projects have been achieved and entered service, and there are other projects being implemented that have had a noticeable impact on the budget and its current expenditures."
The head of the committee continued, saying: “The government has started financing projects in the governorates with a second batch that reached 400 billion dinars for all governorates, and the same is true for financing some ministries to achieve their goals,” noting that “the financing batch during the coming months will be large and in line with what the ministries and governorates need, given that there are projects that these ministries and governorates have started and the governorates and ministries will be required to pay their financial requirements, especially towards private sector companies.” link
***************
Tishwash: Central Bank of Iraq announces progress in dollar control procedures
The Central Bank of Iraq announced progress in monitoring foreign transfers and cash dollar sales and providing protection for the banking and financial sector from the risks of money laundering, following the ongoing discussions of the Central Bank of Iraq with the Federal Reserve and the US Treasury Department.
The bank's governor, Ali Al-Alaq, said in statements to Al-Hurra website that "the ongoing quarterly meetings with the Federal Reserve and the US Treasury Department within the framework of organizing operations and coordination between the two sides, which have close relations, led to an agreement on procedures and formulas that are consistent with best practices and international standards, the latest of which was the plan related to organizing foreign transfer operations by rebuilding them according to new standards and methods."
Al-Alaq revealed that Iraq has achieved 95% progress in terms of monitoring procedures for foreign transfers and cash dollar sales, and providing protection for the banking and financial sector from the risks of money laundering operations.
In July 2023, the US Treasury imposed sanctions on 14 banks, and months before that, similar sanctions were imposed on 4 other Iraqi banks after they were accused of money laundering.
The Iraqi government, through the Central Bank of Iraq, has been continuing its negotiations for about two years with the US Treasury Department to lift sanctions on these banks, all of which are private banks.
Jamal Kocher, a member of the Iraqi Parliamentary Finance Committee, confirms that the majority of the sanctioned banks are private banks that represent fronts for political parties with which the United States has stopped dealing.
Koger explained to Alhurra that “the US Treasury imposed sanctions on these Iraqi banks for their involvement in practices that fall under money laundering, money smuggling, and suspicious transactions. In return, the owners of these banks are pressuring the government to lift the sanctions on them, but I do not think that the United States will yield to these pressures. On the contrary, it is adamant about its position, and I do not think that without changing the behavior of these banks, America will abandon these sanctions and their imposition.”
Koger points out that the American pressures on the Central Bank of Iraq will not be eased unless there are changes in the behavior of these banks, calling on these banks to fully implement the conditions required by the US Federal Reserve in terms of transparency, clarity, and commitment to US sanctions on some countries. He said, “Any bank that deviates from these obligations will be subject to US sanctions, and measures will be taken against it.”
The number of banks in Iraq is about 79 banks, 8 of which are government banks, and one digital bank, while the banking sector suffers from a weakness in providing modern and advanced banking services.
For about two years, the Iraqi government has been seeking to digitize financial services, correct and rectify financial policy, enhance financial inclusion, keep pace with technological development, and restructure the banking sector in the country, which has not yet shaken off the dust of the political, economic, and security crises that have plagued it for decades. link
Mot: Where Did I Go Wrong!!!???
Mot: .. Soooo How do - Snow birds
“Coffee With MarkZ” Tuesday Morning Chat 11-12-2024
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Tuesday Morning….feels like hope and a bright future are in store for us all.
Member: Every once in a while throughout the day I get this warm fuzzy feeling. We must be close..
Member: I am very excited to hear what Mark has for us today
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Tuesday Morning….feels like hope and a bright future are in store for us all.
Member: Every once in a while throughout the day I get this warm fuzzy feeling. We must be close..
Member: I am very excited to hear what Mark has for us today
Member: Mark—can you believe we are still here waiting for this thing?
MZ: I am stunned we are still waiting.
Member: We all might be in disbelief when it does happen since it’s taken so long!!!!
Member: When I see Mark wearing that golden egg shirt –all my anxiety will be gone.
Member: I was told by an accountant that we are supposed to pay taxes on gains from foreign currency but its a self report they will not send anything to IRS its up to us.. LOL who gonna do that lol
MZ: oops…..lol
Member: Have you heard anything about the bonds?
MZ: I’m still a little bit giddy about the bond contact I mentioned last night who said within 9 days I will stop asking them all those stupid questions…lol….But have not heard from any of my other bond contacts. I have even reached out to Fines and penalties folks in the hope of finding something. And posted a couple of questions to groups both Indian Nations and Wounded Warriers…..but still pretty dry this morning so far.
MZ: What did Petra Ask?
MZ: Petra was asking about the 9 days or so for bonds which would put us about the 20th. This date has been given by a number of people as a movement date. It is interesting that this person who only holds historic bonds would say that. It matches with the currency side and the expectations for that as well….
Member: As a kid it was the never ending story,,, As an adult it’s the never ending bond days where payday never comes,,, I don’t like either movie,,,
MZ: We do have some interesting news out of Iraq.”Parliamentary Finance: The Government has started preparing the 2025 budget” they are moving forward….and this includes new projects. This could mean they are moving forward with some rate changes.
Member: Wish the US would stick to a budget
MZ: “Vice President: The administrative capital is a project under study and 2025 is the date of the decision” What does this mean? They are looking to move the government or the “Capital” outside of Baghdad to alleviate traffic problems ect. The streets were not built for that……It has now become a bustling city with a plethora of automobiles as they step into the modern world. They are looking to build a new “Capital city” A little like their own DC on the fringe of Baghdad. To me this shows they are committed to long term stability.
MZ: This is going to take a lot of money. Where is it coming from to build a whole new administrative city for their government and Parliament??? I think this one is good news.
MZ: “Will Trump accelerate the withdrawal of US troops from Iraq? ” There was a lot of concern in the region with Trump coming in that the US would not leave. But Trump said they could speed things up. He said they spent billions on the Iraqi embassy and when we get paid back for that- yes…..we are leaving….in other words….Trump clearly said once we have our dollars –we would go. I think that is fantastic for us.
Member: Sounds like Iraq needs an RV to me…then our troops can leave.
Member: What are we waiting on ?
MZ: I think we are just waiting for an announcement …I think they are on a fast track to completion…..Maybe that why we get silence and a brick wall from contacts.
Member: Is there any chance we go this week or do we have to wait until Dec 10th
Member: It’s possible the PTB are waiting until Jan 1 or after the inauguration Jan 20th.
MZ: I hate to think we will be waiting that long. I am not hearing that most of my contacts.
Member: Its also possible Iraq will pull the trigger by Dec 10th and their Victory Day….keep on hoping
Member: Always heard they want it before Black Friday and Christmas to shop to stimulate economy…fingers crossed.
Member: Can’t imagine having to go through Christmas without an RV!!!
Member: I just wish it was today!!!!
Member: I am not speculating a time for the RV, no sense getting excited until it happens.
Member: Thank you Mark and mods for all your time and effort for the community!!!!!
Member: I hope you all have a blessed day.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
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!
Iraq News Highlights and Points to Ponder Tuesday AM 11-12-24
Al-Sudani's Advisor Announces US Treasury Support Mechanisms For Iraq
Posted on2024-11-11 by sotaliraq
The Prime Minister's Advisor, Mazhar Muhammad Salih, announced the mechanisms of the US Treasury's support for Iraq since 2003, while pointing to the continuation of consultations with the US Treasury regarding combating money laundering.
Saleh said in a statement to the official media: “The cooperation and coordination between Iraq and the US Treasury extends back to the first years since the change of the former regime,” indicating that “the Treasury played an important supporting role in supporting the Paris Club agreement in 2004 concerned with writing off Iraq’s debts called pre-1990 debts, and the presence of Treasury representatives in the Paris Club agreement secretariat helped ensure the writing off of 80% or more of the former regime’s debts.”
Al-Sudani's Advisor Announces US Treasury Support Mechanisms For Iraq
Posted on2024-11-11 by sotaliraq
The Prime Minister's Advisor, Mazhar Muhammad Salih, announced the mechanisms of the US Treasury's support for Iraq since 2003, while pointing to the continuation of consultations with the US Treasury regarding combating money laundering.
Saleh said in a statement to the official media: “The cooperation and coordination between Iraq and the US Treasury extends back to the first years since the change of the former regime,” indicating that “the Treasury played an important supporting role in supporting the Paris Club agreement in 2004 concerned with writing off Iraq’s debts called pre-1990 debts, and the presence of Treasury representatives in the Paris Club agreement secretariat helped ensure the writing off of 80% or more of the former regime’s debts.”
“The US Treasury succeeded in supporting infrastructure financing in Iraq through the conference held in the Spanish capital, Madrid, on October 23-24, 2003.
Its primary goal was to mobilize financial support for the reconstruction of Iraq after the US-led invasion in 2003. Seventy countries and international organizations participated in the conference,”
he added, explaining that “the conference was able to collect pledges amounting to about $33 billion, but a large part of these amounts was in the form of loans or technical support, and not all of it was direct financial aid.”
He explained that “the US Treasury contributed to establishing the Iraqi payments system in 2006 through a direct technical agreement with the Central Bank of Iraq to establish a wholesale payments system between the Central Bank on the one hand and the banks and the government in transferring funds and settling them electronically on the other hand, in addition to entering the era of settling bank checks electronically as well, which are matters in financial technology that are being introduced for the first time in our country,”
noting that “from the history of the important assistance provided by the Treasury, it has played an important role in replacing the local, fast-forgery edition of the dinar that was issued during the nineties siege in the largest campaign that Iraq witnessed between late 2003 and early 2004 with the international edition of the dinar, according to the highest international technical specifications.”
He stressed that “since the signing of the Strategic Framework Agreement in 2008 until today, there have been continuous consultations between representatives of the financial and monetary authorities in our country and the treasury to cooperate in combating money laundering and the proceeds of crime and terrorism in a manner that achieves governance and compliance for our financial and banking system as well as its optimal integration into the global financial and economic climate.” LINK
Indomie And Dollar Smuggling: Has Fast Food Become A Cover For Currency Smuggling From Iraq?
Posted on 2024-11-11 by sotaliraq Economic expert, Nabil Al-Marsoumi, raised questions about the significant increase in Iraq’s imports of Indomie, and its possible connection to the smuggling of dollars abroad.
According to data from the General Authority of Customs, Iraq imported about 64,185 tons of Indomie during 2023 from all border crossings, except for the Kurdistan Region, at a cost of $17.7 million, or the equivalent of 23.6 billion dinars, recording an increase of 18% over 2022.
Al-Marsoumi points out, in a blog post, that the value of Indomie imports may exceed $50 million annually, given that two-thirds of imports pass through Kurdistan ports and unofficial ports, without being registered with the General Authority of Customs.
It is believed that the import bills for Indomie carry huge amounts that may be much higher than the announced figures.
This discrepancy surprised the US Federal Reserve, which in turn wondered whether these imports reflect a real demand from Iraqis for Indomie, or whether they are an indirect means of smuggling dollars abroad. LINK
Is The Grand Faw Port Iraq's Gateway To Global Trade?
Posted on 2024-11-12 by sotaliraq In a move that represents a qualitative leap for the Iraqi economy, the government has opened five new docks within the Faw Grand Port project, raising questions about the possibility of transforming the port into a new starting point for global trade.
This project, which comes within the framework of the “Development Road” initiative, is one of the largest logistics projects in Iraq and the region, as it aims to link the Arabian Gulf with Europe through an integrated transportation network.
Economic experts confirm that the Faw Port will contribute to correcting the course of the Iraqi economy, by providing a giant infrastructure that supports all sectors, increases job opportunities, and enhances Iraq's competitiveness in the international economic arena.
With the completion of the remaining phases of the project by 2028, its capacity is expected to reach 91 million tons annually, making it one of the largest ports in the region and enhancing Iraq’s position as a major hub for global trade.
The economic expert, Maitham Al-Bolani, said, “The starting point of the development path is the port of Faw, which has become a reality in economic life and the first real infrastructure for developing the national economy and has a positive impact on the global economy, especially since the development path is being implemented in an Iraqi-Turkish-Emirati-Qatari partnership, and the Turkish side, in its first steps, concluded a quadripartite agreement with Hungary, Serbia and Bulgaria with the aim of delivering goods to the farthest parts of the world.”
He stressed that “the port of Faw represents an important starting point for global trade in various directions, and thus this port has great economic feasibility, especially with the existence of the development road, as the port and the road complement each other, noting that Iraq will be a fertile and mature investment destination for manufacturing industries at the present time at the very least and strategically in the future.”
It is noteworthy that the member of the Parliamentary Finance Committee, Mustafa Al-Karawi, said that “the opening of the five docks and the completion of the investment in the Faw Port will contribute to supporting the development path, in addition to the fact that it will be part of the Silk Road, indicating that Iraq is located in a geographical area that makes it a link between the major countries, China and Europe.”
For his part, development consultant Amer Al-Jawahri said, “The Grand Faw Port is the first real step that will facilitate global trade and link the West of the world to its East by the shortest and least time-consuming routes.
It will also enhance the volume of Iraq’s international trade with East Asian countries, where there is a large volume of trade and achieves fluidity in this regard.”
He pointed out that “the completion of all stages of the Grand Faw Port, and its being a starting point for the development path, will enhance the reality of the Iraqi economy, and Iraq will be a real attraction point with great and sustainable benefit for Iraq.”
He pointed out that "Iraq, through this port, will be of new benefit to European countries as well and the West in general, and they will develop tendencies to invest in Iraq and its regions close to this project."
Al-Jawahiri recommended “establishing the executive body for the development road project, of which the Faw Port is an important part, complementary to the new road and railway projects and other projects in more than one economic joint, which is considered a necessity for this project.”
He pointed out the "importance of concluding agreements with several countries that have a direct impact on the process of managing the integrated project, starting with the port and the development path with all its institutions."
He stressed the “necessity of forming the Faw Economic Zone Authority, which will handle the issues of economic and industrial cities and the technological city, all the way to the tourist city, which is an important part of the region and of great benefit. Here, we stress the necessity of forming institutions and the authority with legislation, so that it will transcend the successive governments that have managed the country.” LINK
Seeds of Wisdom RV and Economic Updates Tuesday Morning 11-12-24
Good Morning Dinar Recaps,
PETER SCHIFF SLAMS DONALD TRUMP’S STRATEGIC BITCOIN RESERVE PROPOSAL
With the incoming Donald Trump administratation, crypto might play a key role, but Peter Schiff thinks Bitcoin Reserve proposal is a bad idea
▪️ Peter Schiff has watered down the hyped Bitcoin reserve proposal
▪️ He believes the move might crash the US Dollar in the long term
▪️ Many differ from Schiff with Bhutan also keeping a BTC Reserve
Good Morning Dinar Recaps,
PETER SCHIFF SLAMS DONALD TRUMP’S STRATEGIC BITCOIN RESERVE PROPOSAL
With the incoming Donald Trump administratation, crypto might play a key role, but Peter Schiff thinks Bitcoin Reserve proposal is a bad idea
▪️ Peter Schiff has watered down the hyped Bitcoin reserve proposal
▪️ He believes the move might crash the US Dollar in the long term
▪️ Many differ from Schiff with Bhutan also keeping a BTC Reserve
Peter Schiff, the core BTC critic has slammed the strategic BTC Reserve proposal that might come into effect with the re-election of former President Donald Trump. While many industry leaders and some lawmakers are celebrating this proposal, Peter Schiff has detailed why this move, if achieved, can destroy the United States.
Peter Schiff and the Deadly Bitcoin Reserve Cycle
As an economist, Schiff has always decried the massive focus on BTC as an investment asset. While the industry has continued to move forward despite his warnings, the banter has not ceased. Peter Schiff said if the US Government establishes a Bitcoin reserve and acquires 1 million BTC, it might buy more.
Based on his analysis, this initial purchase will push the price of the coin to a new high, turning many early buyers into millionaires and billionaires.
This push mights see these investors sell their coins to cash out the profits accrued over the years. As the Bitcoin critic noted, this will make the BTC holding of the US government fall drastically.
To save face, the government might print dollars to buy more BTC to keep the price afloat. As Schiff noted, this is unsustainable as Bitcoin in this instance cannot stand as a proper hedge for the dollar. His believes this reality might greatly devalue the US Dollar. However, he noted that Bitcoin price will also tank in the long term.
The plans for a Bitcoin reserve has gained traction in Congress with Senator Cynthia Lummis publishing a Bill in that regard. President-elect Donald Trump has reiterated his plans for Bitcoin with many having high hopes on what comes next.
The Other Side of the Coin
While Peter Schiff has a negative view about a BTC reserve, other industry leaders have a different view. Advocates of the move believes the premier cryptocurrency have the right technology to tag as a store of value.
The growing demand for the coin, sparked in part by MicroStrategy’s bullish accumulation, has helped fuel its steady growth over time. Peter Schiff is an advocate of Gold, as he believes the precious metal is substantial and has stood the test of time. Even if Donald Trump establishes the reserve as promised, he said it can never be as high as proponents like RFK Jr projects.
However, countries like Bhutan has seen its Bitcoin reserve soar above $1 billion per the soaring price of the coin. As of writing, the price of Bitcoin has scored a new All-Time High (ATH) above $85,495.18, up 5.73% in 24 hours.
@ Newshounds News™
Source: CoinGape
~~~~~~~~~
EU MANDATES DIGITAL PRODUCT PASSPORT BY 2027—VECHAIN TOOLCHAIN LEADS THE CHARGE IN SUPPLY CHAIN TRANSPARENCY
▪️VeTonsberg, VeChain’s partner in London, is preparing companies for future compliance, using blockchain solutions to enable end-to-end traceability.
▪️The DPP initiative aligns with global trends toward stricter traceability, as seen in U.S. regulations.
The European Union (EU) is moving towards enhanced sustainability and transparency requirements for products sold within its markets. Here, VeChain’s technology will play a significant role.
The recently introduced Digital Product Passport (DPP) aims to strengthen traceability across sectors including electronics, textiles, and automotive, reported CNF.
EU’s Digital Product Passport (DPP) Initiative Promotes Sustainability and Transparency
VeTonsberg, a London-based partner of VeChain Technology Group, has announced its readiness to support companies in meeting these compliance standards with blockchain solutions.
However, currently, the implementation of DDP isn’t mandatory but industry participants expect it to be obligatory by 2027.
The DPP is set to provide detailed, accessible information about each product. It will include the product’s origins, environmental impact, and disposal guidance. This aligns with surging global demands for product transparency owing to heightened consumer awareness and investor expectations for sustainability.
“Supply chain transparency is no longer optional,” stated VeTonsberg on X. They emphasized that “the EU Council Digital Product Passport (DPP) is setting the stage for global traceability and sustainability.”
For further context, the concept of a DPP operates similarly to a traditional passport but for products. It serves as a digital record that documents critical lifecycle details, i.e., from materials and origin to environmental impact and disposal instructions.
According to EU regulations, each product will be equipped with a unique QR code or NFC tag to allow easy data access. This centralized digital platform ensures stakeholders can verify product authenticity, origins, and compliance at every stage.
DPP requirements are a component of the EU’s Ecodesign for Sustainable Products Regulation (ESPR), which aims to address the environmental footprint of consumer goods.
With preliminary implementation in 2024, the ESPR mandates DPPs for products with significant environmental impact potential.
VeChain and VeTonsberg Ready to Support Compliance in Emerging Product Traceability Requirements
Moreover, the EU aims to make DPPs compulsory for high-impact goods as transparency in product lifecycles is key to advancing sustainability. As an industry partner, VeTonsberg is set to play a significant role in facilitating these compliance standards.
The company, established in 2022, offers blockchain, NFC, and RFID solutions specifically designed to align with VeChain’s Toolchain platform. This suite of tools allows end-to-end product traceability, data reporting, and integration into existing systems.
According to VeTonsberg, “We can help you implement VeChain Toolchain to meet these requirements by offering end-to-end traceability, monitoring and data reporting for compliance, and integration with existing systems for seamless data flow.”
The DPP initiative follows a similar global trend. VeChain partner VeTonsberg highlighted that other countries are tightening regulations on traceability.
They also cited the U.S. Food and Drug Administration’s Food Safety Modernization Act and Drug Supply Chain Security Act as examples of recent transparency measures in food and pharmaceuticals, reported CNF.
VeTonsberg’s offerings align with these regulatory shifts by helping industries adapt to new compliance demands. The company has also underscored the urgency for businesses to prepare. In the post, they noted, “The deadline is fast approaching… Ensure your supply chain is compliant by starting today.” Meanwhile, it’s worth noting that VeChain has launched the My Story DDP tool with DNV for a similar cause.
@ Newshounds News™
Source: Crypto News Flash
~~~~~~~~~
🌱WILDFIRES HAVE CAUSED SIGNIFICANT DESTRUCTION IN BOTH CALIFORNIA AND THE NEW YORK-NEW JERSEY REGION | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound's Podcast Link
Newshound's News Telegram Room Link
Q & A Classroom Link
Follow the Roadmap
Follow the Timeline
Seeds of Wisdom Team™ Website
Subscribe to Newsletter
Thank you Dinar Recaps
News, Rumors and Opinions Tuesday AM 11-12-2024
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 Tues. 12 Nov. 2024
Compiled Tues. 12 Nov. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Sun. 10 Nov. 2024 Wolverine: “The RV has started. Thank you God. Everyone’s saying that by Tues.12 Nov. we should have a shotgun start. Everything is going at once.
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 Tues. 12 Nov. 2024
Compiled Tues. 12 Nov. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Sun. 10 Nov. 2024 Wolverine: “The RV has started. Thank you God. Everyone’s saying that by Tues.12 Nov. we should have a shotgun start. Everything is going at once.
Wolverine cont…..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.” …
Hi guys. I’m praying that this is our week as according to all my sources this is our week. This has been so stressful for me as I can imagined for all of you as well. Tomorrow there is going to be meetings for quite a lot of private contracts as they expect to receive the GO sign by tomorrow Mon. 11 Nov.
The Precatorias are also ready to go this week just as many other platforms. I’ve been told that not to expect things to happen straight away for everyone as it is a process as it might take up to 10 days for the process to finish.
As for the 4B group we should also receive the GO sign as well. Notifications should hit your email by tomorrow Mon. 11 Nov. Please keep an eye on your emails. Please God let it happen. Just remember first of all I’m only a messenger as I have no control of this as the same goes to the owners of the platforms as they have no control of it . It’s a military operation.
I like to inform you that if anyone is creating fraud and taking advantage of people that the Alliance is watching all of this and there will be consequences. I like to say that I will never surrender as I cannot abandoned you as too many of our patriots are suffering. I’m sure by the grace of God that this is our week.
Also pray for our patriots in Spain as there are hundreds of people missing in Valencia due to the flooding as so many people have lost their homes and love ones. God bless Wolverine”
~~~~~~~~~~
Thurs. 7 Nov. 2024 Bruce: Tier4b (us, the Internet Group) exchanges should start on Tues. 12 Nov.
Tues. 5 Nov. 2024 Julian Assange: All Intel is saying “Next Week.”
~~~~~~~~~~
Mon. 11 Nov. 2024: Behind the 1:1 Currency Revaluation in NESARA GESARA: Understanding a Global Economic Proposal for Wealth Redistribution! … Nesara Gesara on Telegram
The NESARA GESARA movement proposes a 1:1 currency revaluation to equalize wealth, strengthen national economies, and empower individuals globally. By rebalancing currency values, this ambitious framework aims to lift individuals out of poverty, empower local economies, and stabilize global financial systems.
What’s NESARA GESARA? NESARA (National Economic Security and Reformation Act) and GESARA (Global Economic Security and Reformation Act) are proposed frameworks aiming for a global reset. They envision wealth redistribution to tackle economic disparity, aiming to empower local communities and fortify national economies by incentivizing investments within each country’s borders.
The Mechanism of a 1:1 Currency Revaluation Central to NESARA GESARA is the concept of 1:1 currency revaluation—balancing exchange rates globally. This shift would enable individuals in nations with weaker currencies to see increased value in their income, empowering them on an equal economic footing. By aligning currency values, NESARA GESARA envisions a fairer world economy where financial stability is accessible across borders.
Empowering Local Economies: A Path to Prosperity The NESARA GESARA framework aims to channel wealth back into home countries. Any wealth increase from revaluation would be accessible only within the individual’s nation, promoting investments in local businesses, education, property, and more. This setup intends to foster economic growth at the community level, revitalizing overlooked regions with locally-driven development.
Revitalizing National Growth with Increased Local Wealth As local economies gain strength, citizens’ spending will contribute to national infrastructure, healthcare, education, and technology. The ripple effect of increased local wealth could stimulate community development and bolster national resilience, creating a self-sustaining cycle of prosperity.
A New Global Economic Balance NESARA GESARA’s impact reaches beyond borders. With elevated financial stability within individual nations, former dependencies on foreign aid could diminish, fostering international partnerships built on equal footing and shared growth. This vision sees less economic migration as people find meaningful opportunities within their own communities.
Practical Challenges and Considerations The path to implementing NESARA GESARA isn’t without obstacles. Achieving global cooperation, regulatory oversight, and currency stability would be crucial. Challenges include coordinating nations, managing potential inflation, and ensuring transparent distribution of wealth.
NESARA GESARA: A Bold Vision for Economic Equality NESARA GESARA proposes a dramatic restructuring of global wealth to promote fairness and financial equity. By balancing currencies and supporting local economies, this framework envisions a world where individuals, regardless of nationality, can achieve economic security and contribute to sustainable growth. The vision calls for a world where every nation, every community, and every individual has the power to shape their own economic future—a radical step towards global prosperity.
Read full post here: https://dinarchronicles.com/2024/11/12/restored-republic-via-a-gcr-update-as-of-november-12-2024/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 The monetary reform policy is being introduced to you Iraqi citizens on a daily basis isn't it. It's is my hope. It is my desire. It is my prayer that Sudani fulfills his promise of this year. But regardless know it's coming. We know we are already here.
Militia Man Article Quote: "The CBI introduced a second channel where the CBI pre-funded dollar account of the domestic commercial banks that have CBRs." [Correspondent Banking Relationships] With who? Citi Bank. This is coming from IMF Article IV. Citi Bank says, 'We're not involved.'. JP Morgan goes, 'Oh, we're not involved.' It's in black and white. Quote: "Citi Bank for trade finance, this has allowed an increase share of cross boarder payments to be cleared through commercial banks." It's not my words. Google it. 2024 IMF Article IV consultation 68 page pdf file. Download it...I bring this stuff in from the International Monetary Fund because they are part of the structure of getting Iraq to become International...
ZiG Going on 4X Market Will Iraq Do the Same?
Edu Matrix: 11-12-2024
ZiG Going on 4X Market Will Iraq Do the Same? Zimbabwe's new gold-backed currency set to trade on the Forex market. Can or will the #iqd do the same?
So, why are we watching Zimbabwe so closely when most of us are invested in the Iraqi Dinar (IQD)?
Decades ago, Zimbabwe's currency was strong, with 1 ZWD valued at $1.47. But, like Iraq, Zimbabwe faced economic challenges, causing its currency value to plummet.
Now, with plans to reintroduce a gold-backed currency, we're keeping an eye on how this might impact other developing nations' currencies—especially Iraq's potential revalue, float, or shift to digital currency.
We report on verified news from major outlets. Zimbabwe is rich in gold, while Iraq has abundant oil. These resources could play a major role in the future of their currencies.
MilitiaMan & Crew News-Private Sector- Electronic Payments-Reconstruction-Development-Digital Transformation-ISX
MilitiaMan & Crew News-Private Sector- Electronic Payments-Reconstruction-Development-Digital Transformation-ISX
11-11-2024
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-Private Sector- Electronic Payments-Reconstruction-Development-Digital Transformation-ISX
11-11-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Iraq Economic News and Points To Ponder Monday Afternoon 11-11-24
Researcher: Mismanagement And Politics Negatively Affected The Value Of The Iraqi Dinar Against The Dollar
November 10 13:42 Information / Baghdad.. Iraqi affairs researcher Qasim Balshan confirmed today, Sunday, that mismanagement and policy have negatively affected the value of the Iraqi dinar against the dollar.
Balshan said in an interview with the Maalouma Agency that "the current political mismanagement has negatively affected the value of the Iraqi dinar against the dollar, making prices fluctuating and unstable in Iraq." He stated, "Until this moment, no person specialized in the field of currencies and banking has been chosen to manage the Central Bank of Iraq well," pointing out that all those who are chosen follow certain political blocs.
Researcher: Mismanagement And Politics Negatively Affected The Value Of The Iraqi Dinar Against The Dollar
November 10 Information / Baghdad.. Iraqi affairs researcher Qasim Balshan confirmed today, Sunday, that mismanagement and policy have negatively affected the value of the Iraqi dinar against the dollar.
Balshan said in an interview with the Maalouma Agency that "the current political mismanagement has negatively affected the value of the Iraqi dinar against the dollar, making prices fluctuating and unstable in Iraq." He stated, "Until this moment, no person specialized in the field of currencies and banking has been chosen to manage the Central Bank of Iraq well," pointing out that all those who are chosen follow certain political blocs.
He added, "When the Central Bank of Iraq puts the dollar up for sale, we notice that citizens are far from the issue and the sale is limited to some companies and banks." He pointed out that
"the Iraqi money that comes from selling oil does not go to the Iraqi government directly, but rather to the US Federal Bank, which is the one who deals with these matters." He continued,
"The political disputes and crises, the lack of good distribution of wealth, and the
lack of real investment are what led to the deterioration of the Iraqi dinar against the dollar."
Iraq Needs To Address Financing Problems
Economical 11/12/2024 Baghdad: Al-Sabah Economic circles explained that the reason for the decline in the expansion of projects inside Iraq lies in the financing for these projects, which represent the cornerstone for the development of the service and production economic sectors in the country, and indicated that the paths to revitalizing financing require that we have elements that attract foreign capital to Iraq, which is an important labor market for many.
Of international companies, especially after the development path began to appear on the horizon, and its first steps began from the port of Al-Faw.
Member of the Businessmen Union Dr. Murtada Al-Khafaji told "Al-Sabah":
Iraq needs capital that can be employed in Iraq and achieve a major benefit for Iraq and for the global partner who brings its capital and the advanced technology it possesses.
Al-Khafaji added that the lack of funding represents an obstacle to developing economic performance, pointing out that Iraq’s need requires more than 200 billion to begin serious work on building development projects in all regions of Iraq and creating a work cell of great benefit to Iraq and the global market, especially since the reality of Iraq matters to many people.
Specialized international companies with capital and advanced technology are aware of Iraq's weight on the global economy.
In turn, member of the Baghdad Economic Forum, Jassem Al-Aradi, pointed out the inevitability of activating the real economic sectors that represent the focus of addressing the chronic economic problems in Iraq, and which contribute to achieving a real multiplicity of financial revenues.
He said: The economic reality in Iraq requires serious work to attract specialized investments to the Iraqi field of work, which requires the presence of solid companies capable of bringing technology and production lines that move the Iraqi economy to a new stage.
He stressed that financing problems in Iraq are addressed through the local and international private sector, which has the executive capabilities, and here we must work carefully and carefully to communicate with the targeted companies that can within the promising Iraqi market.
It is noteworthy that economic experts have stressed on more than one occasion to overcome these limitations by providing funding sources, and the
importance of providing a specialized economic vision that is compatible with investment, which demands the availability of an investment environment that guarantees its rights, pointing out the
necessity of benefiting from global openness towards Iraq and the presence of international delegations at their various governmental and informal levels. Especially those who expressed a desire to work inside Iraq https://alsabaah.iq/105780-.html
Parliamentary Finance Reveals A Move To Question The Governor Of The Central Bank Of Iraq: We Are Working To Change It
Politics 2024-11-10 04:53 Shafaq News/ Member of the Parliamentary Finance Committee, Muhammad Nouri, revealed on Sunday a move within the committee and the House of Representatives to question the Governor of the Central Bank of Iraq, Ali Al-Alaq, due to the lack of control over the stability of the dollar price, and the dominance of private banks over the currency selling window. Nouri told Shafaq News Agency,
“There is a move within the Parliamentary Finance Committee and the House of Representatives to interrogate the Governor of the Central Bank, Ali Al-Alaq, because there are many files, most notably the bank’s lack of control over the stability of the dollar exchange rate in the market.” He pointed out that
"the other reason that is considered one of the reasons for questioning the Central Bank Governor is the dominance of some private banks owned by foreign nationalities over the window for buying and selling currency and foreign transfers."
Nouri stated, “There are other works that we are doing through letters and official correspondence to change the governor of the Central Bank because he is over the legal age and continues in the position while he must be referred for retirement.”
On Monday, August 19, a member of the Parliamentary Finance Committee, Mustafa Al-Karawi, revealed that a request had been submitted to the Presidency of the House of Representatives to set a date for questioning the Governor of the Central Bank of Iraq regarding several files, most notably the exchange rate of the dollar against the local currency.
Al-Karaawi told Shafaq News Agency,
“Members of the Parliamentary Finance Committee had previously submitted a request to the Speaker of the House of Representatives to interrogate the Governor of the Central Bank, Ali Al-Alaq.”
He added, "The interrogation concerns several files, the most important of which are the dollar exchange rate and its sale to travelers, the currency buying and selling window, financial transfers abroad, monetary financing, American sanctions, and negotiations with the American Federal Bank."
It is noteworthy that, on August 19, the Supreme Judicial Council of Iraq supported the findings of the State Council regarding referring the Governor of the Central Bank, Ali Al-Alaq, to retirement after reaching the legal age.
The Supreme Judicial Council said in an official document received by Shafaq News Agency, that the same subject was studied by the study committee at the presidency of the Judicial Supervision Authority, and the same opinion was reached by the State Council in the two aforementioned decisions.
The House of Representatives had sent a letter to the Supreme Judicial Council inquiring about the judiciary’s opinion regarding the permissibility of the bank governor continuing to serve after reaching the legal age for retirement.
The State Council decided the official position on whether or not the Governor of the Central Bank, Ali Al-Alaq, should continue in his position, stressing that he has exceeded the legal age for retirement.
It was stated in correspondence between the State Council and Parliament, that in response to the House of Representatives’ clarification of the opinion from the State Council regarding the permissibility of the Governor of the Central Bank continuing to serve after reaching the legal age for retirement. He pointed out that
the legislator has explicitly stipulated that referral to retirement upon reaching the legal age is an inevitable referral by law unless excluded by a special text, and since there is no special text that excludes the Governor of the Central Bank from the provisions of the inevitable referral to retirement upon reaching the legal age.
The State Council confirmed that the legal principle stipulates: “Heads of independent bodies are subject to the legal age for retirement.” https://shafaq.com/ar/سیاسة/المالية-النيابية-تكشف-عن-تحرك-لاستجواب-محافظ-البنك-المركزي-العراقي-نعمل-لتغييره
The Association Of Banks Is Considering Granting Privileges To Electronic Card Users
Time: 11/09/2024 20:46:04 Read: 4,043 times {Economic: Al-Furat News} The advisor to the Association of Private Banks, Abdul Rahman Al-Sheikhli, revealed intentions to grant some privileges such as gifts or competitions and a reduction in payment fees {currencies} to encourage the acquisition of an electronic card.
Al-Sheikhli said {to Al-Furat News} that: “The government program emphasized the necessity of economic and financial reform in the country, and the measures taken in this regard are continuing,” stressing “the necessity of expanding banking awareness campaigns and making citizens aware of the importance of working with banks and circulating money through banking channels to ensure that it does not go abroad.”".
He added, "The country is witnessing a revolution in the field of banking technologies and electronic payment, and all citizens are supposed to have a bank account that can be dealt with through a mobile phone or any other means."
Al-Sheikhli explained, "Some citizens still prefer to deal with direct cash, but there are intentions to grant some privileges such as gifts or competitions and a reduction in payment fees (currencies) to encourage the acquisition of an electronic card."
https://alforatnews.iq/news/رابطة-المصارف-تدرس-منح-امتيازات-لمستخدمي-البطاقة-الالكترونية
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
5 Money Moves Wealthy People Make Before the Start of Any New Year
5 Money Moves Wealthy People Make Before the Start of Any New Year
By Laura Bogart October 25, 2024
There are certain traditional ways people ring in the new year. Some clink glasses at midnight, or go in for a lucky kiss. Others meditate. And, let’s be real, plenty are already in bed. Wealthy people may be among those celebrating at parties, on the yoga mat, or off in dreamland — but they’re also a little different. They know that part of embracing the new year means setting themselves up for success.
While you may think the financial moves of the wealthy would be like moving mountains for your own humble accounts, the truth is, a lot of these tips are easy enough for everyday people to follow — including you.
5 Money Moves Wealthy People Make Before the Start of Any New Year
By Laura Bogart October 25, 2024
There are certain traditional ways people ring in the new year. Some clink glasses at midnight, or go in for a lucky kiss. Others meditate. And, let’s be real, plenty are already in bed. Wealthy people may be among those celebrating at parties, on the yoga mat, or off in dreamland — but they’re also a little different. They know that part of embracing the new year means setting themselves up for success.
While you may think the financial moves of the wealthy would be like moving mountains for your own humble accounts, the truth is, a lot of these tips are easy enough for everyday people to follow — including you.
GOBankingRates caught up with some financial planners and experts to learn more about the steps you can take to get ahead financially in the new year — and beyond.
1. Have a Financial Plan
George McFarlane, president of 7 Waters Advisors, joked that many people find budgeting about as appealing as getting a root canal. However, just like a root canal can eliminate a bad tooth and keep an infection from spreading, sitting down to budget can pull out the rot in your spending habits.
“Setting aside a couple of days to review your spending habits this year and plan for next year can significantly enhance your financial well-being,” he said. “Begin by examining your expenditures.”
He recommended starting with a review of your bank and credit card statements, since it’s all too easy to overlook small purchases that add up quickly. From there, you can categorize your expenses into necessary and unnecessary spending, which are pretty self-explanatory.
“After categorizing your expenses, set a savings goal for the upcoming year, aiming to increase your savings compared to the previous year,” he said. ”With these considerations in mind, create a budget that prioritizes savings and essential expenses. Once you determine how much these will cost each month, you’ll know how much you can afford to spend on non-essential items.”
2. Maximize Your Tax-Efficient Savings Contributions
As a global success coach with G Corp Advisory, Jacob Galea has insight into the habits of highly successful people. He said that high-net-worth individuals make sure they’ve maximized their contributions to tax-advantaged accounts like retirement plans and health savings accounts to help reduce taxable income while boosting their savings.
His advice?
TO READ MORE: https://www.gobankingrates.com/money-moves-wealthy-new-year-2525842/
Monday Evening News With MarkZ 11-11-2024
Monday Evening News With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good evening mark, mod team, and fellow RVers
Member: I don't know about u mark but I feel like this could be our week
Monday Evening News With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good evening mark, mod team, and fellow RVers
Member: I don't know about u mark but I feel like this could be our week
MZ: I did finally get a bond update. It wasn’t as fun, as cool or as great as I hoped it would be. But, He said “look, I can’t tell you anything anymore. I can just tell you that you won’t be asking me these stupid questions with in the next 9 days. I don’t know what to take from that one but I would like to think it means that somewhere between now and then they get paid, we get paid and everybody gets paid.
MZ: That was just one of many bond folks……the only one responding.
MZ: But some good stuff coming out of Iraq. Could they be hiding something right before our eyes. “Planning: We will start the census next Thursday . the ministry of the interior announces the date of the start of the curfew which is excluded from it. “ They are excluded from curfew since they will going around counting people. And we know there is a 3 day break from parliament as everybody travels for the census. . They will have strict curfews to make sure nobody is counted twice.
MZ: Almost sounds like the times of Christ with the census…..they had to go back to their homes to be counted. That is what Iraq is doing. Wouldn’t that be a great time to pull the trigger.
MZ: We know the census will be done but they just wont release the numbers until December 10th I believe. Sounds like a key date for them.
Member: Lots of news... If Sudani said RV by the tenth of December we got to go next week or two. Staying positive and ready!
Member: Everyone enjoy the rest of your night…..
Member: SEE YAL TOMORROW MORNING
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
More News, Rumors and Opinions Monday PM 11-11-2024
TNT:
Tishwash: Al-Mashhadani and Romanowski discuss enhancing cooperation and partnership between America and Iraq
Today, Monday (November 11, 2024), Parliament Speaker Mahmoud Al-Mashhadani discussed with US Ambassador Alina Romanowski the cooperation and partnership between the two countries.
The media office of the Speaker of the Council of Representatives stated in a statement received by "Baghdad Today" that "Al-Mashhadani received today, Monday, the US Ambassador to Iraq, Alina Romanowski, and she offered congratulations on the occasion of Al-Mashhadani assuming the position of Speaker of the Council of Representatives, and renewed the announcement of the United States' support for Iraq and its government in various fields."
TNT:
Tishwash: Al-Mashhadani and Romanowski discuss enhancing cooperation and partnership between America and Iraq
Today, Monday (November 11, 2024), Parliament Speaker Mahmoud Al-Mashhadani discussed with US Ambassador Alina Romanowski the cooperation and partnership between the two countries.
The media office of the Speaker of the Council of Representatives stated in a statement received by "Baghdad Today" that "Al-Mashhadani received today, Monday, the US Ambassador to Iraq, Alina Romanowski, and she offered congratulations on the occasion of Al-Mashhadani assuming the position of Speaker of the Council of Representatives, and renewed the announcement of the United States' support for Iraq and its government in various fields."
He added that "the two sides discussed topics of common interest," indicating that "the meeting discussed enhancing cooperation and partnership between the United States of America and Iraq and studying the situation in the Middle East."
According to the statement, Al-Mashhadani stressed link
************
Tishwash: Al-Hikma: Al-Sudani's government adopted 3 paths in dealing with Middle East tensions
Hikma Movement leader Furat Al-Tamimi confirmed today, Monday (November 11, 2024), that Al-Sudani's government has adopted 3 paths in dealing with Middle East tensions.
Al-Tamimi said in an interview with Baghdad Today, "The tensions in the Middle East cannot be contained without stopping the bloodshed in Palestine and Lebanon by the Zionist entity, which is practicing arrogance and horrific crimes against civilians, and statistics reveal to us rivers of blood that bleed every day due to the bombing of neighborhoods, villages and towns."
He added that "Al-Sudani and most of the political forces tried to stay away from involvement in the ongoing conflict in the Middle East, but they provided great humanitarian and relief support to our brothers in Palestine and Lebanon, which focused in its content on the call of the religious authority through the dispatch of relief convoys by land and air."
He pointed out that "Al-Sudani and his government adopted a policy of neutrality as a working method for the ministerial cabinet in dealing with the conflict, but in return we do not rule out that Baghdad will be targeted by the Zionist entity, so the Foreign Ministry must move and invest its relations with the White House to deter any attempt in this direction because any aggression against Iraq will have major consequences and will push the region towards more tensions, considering what is happening now in Palestine and Lebanon as crimes of genocide, and this is the opinion of all countries of the world without exception."
Iraq played a decisive role in calming tensions in the region, and affirmed its continued support for efforts to find political solutions to the conflict that has been raging in the Middle East for more than a year since the start of the Israeli aggression on Gaza in October 2023.
The escalation in the region escalated as the Israeli army launched an open war on Lebanon, including air strikes and a ground attack on the south of the country, since early October 2024.
The situation has also seriously deteriorated with Iran and Israel exchanging unprecedented air strikes last month targeting military sites in both countries, raising tensions to new and dangerous levels, amid an exchange of threats of retaliation and counter-retaliation and expanding the scope of the war to include the entire region. link
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Sudani on TV again saying the currency transition will be completed by December the 10th which is our Day of Victory relating back to the war... FRANK: Pay attention to every word that Sudan says to you because every word I told you is heavily calculated. Every word is heavily measured. They are trying to tell you something...You know very well what he is saying. Congratulations.
MarkZ & Militia Man MarkZ: Article: “MP (Member of Parliament) Likely to resolve 3 major laws this week.“ Are they hiding HCL in here? They have extended the legislation until Dec. 10th which is Victory Day. Militia Man: They are talking about it today. Real Estate in Kirkuk is part of article 140 of the HCL. These laws are really important and they have already been read twice and they could be working on it right now and we wouldn’t know yet. It will be big news once it pops. I believe it is on the table and could happen at anytime during this session.
Bond Market Warning: Interest Rates About To Surge | Peter Boockvar
David Lin: 11-11-2024
Peter Boockvar, CIO of Bleakley Financial Group, discusses the outlook for stocks, bonds, and economic growth under a Trump Presidency.
0:00 - The Fed’s economic outlook
4:08 - Industrial activity
5:30 - Impact of tariffs
6:20 - Risks under Trump
8:34 - Bond market outlook
17:15 - Inflation rate expectations
18:15 - Stock market outlook
20:00 - Trump trade?
23:35 - Trump tax policies
24:30 - Gold and U.S. dollar
27:00 - Oil and energy
28:10 - Big tech stocks
29:28 - Asian markets