Short Wednesday Evening News With MarkZ 11-13-2024
Short Wednesday 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- Anyone else feeling (and praying) we are close?
Member: Mike Bara and Jen had some interesting tidbits in their show today... Maybe our new currency will be announced soon!??
Short Wednesday 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- Anyone else feeling (and praying) we are close?
Member: Mike Bara and Jen had some interesting tidbits in their show today... Maybe our new currency will be announced soon!??
Member: Hi Mark is there a chance that whales are being handled during the Forex higher rate tests? A way to go under the radar?
MZ: I highly doubt it but, not going to rule it out.
Member: will the US dollar RV like the other currencies?
Member: If the USD becomes gold backed….it will finally be worth a dollar……the fiat dollar is only worth a few cents right now.
Member: Hasn’t Iraq said they are going to be the financial savior of the world? If so – do they have to have a higher rate then Kuwait?
MZ: If Iraq is going to be the financial savior of the world (according to Jaime Dimon) then it may have to have a higher rate than Kuwait. Sudani said the dinar would go back to its former glory and would be the most valuable currency in the world.
MZ: He also said the revaluation would be done by Victory day…which is December 10th.
MZ: “Parliamentarian reveals the suspension of the Oil and Gas Law “Territorial Differences” This is the HCL…..They say they have to resolve these points. I think it’s already done…..What I am hearing from Iraq is very different then what is printed in the paper. Now right before Kuwait RV’d…we had the same type of articles. And then BAM- they did it…..on the same day. Similar story in China when they RV’d. Mixed stories are on purpose so we do not know the timing….
MZ: “Oil Minister A consultant will be appointed within 60 days to recalculate the amount of crude in Kurdistan” Who thinks they do not already know how much crude is being produced? Believe me- they already know…..I am excited watching this play out.
MZ: “Planning confirms the implementation of a proactive process for the population census tomorrow-Thursday” In a few hours the census will be well underway. Great stuff coming out of Iraq today..
Member: With the census the government is closed…and a curfew is enacted……would be a good time to pull the trigger.
MZ: I have heard nothing from redemption folks and nothing from bonds today.
Member: Mark- Nader said IQD on forex, I wonder what does that mean for us?
MZ: There are still some trading restriction on the IQD…but, this tells us they are preparing for that international status. We should start being excited.
Member: Hey guys. Does anybody know what website is showing that IQD is revalued? I keep hearing it is but I have a 4X account that says not.
MZ: It only showed it for 20 minutes or so. Tons of folks took Screen shots.
Member: TNT thinks we should be happy by Saturday. Big celebrations in Zurich, apparently..
Member: Praying it does go over the weekend!!
Member: I hope we have a gold backed “Banksgiving” this year
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
Bruce’s Big Call Dinar Intel Tuesday Night 11-12-24
Bruce’s Big Call Dinar Intel Tuesday Night 11-12-24
Transcribed By WiserNow Emailed To Recaps
I welcome everybody the big call tonight. It's Tuesday, November 12TH and you're listening for the big call. I hope everybody had a wonderful Veterans Day. Yesterday was a bank holiday, Federal holiday, and what is Bob usually says our week starts at nine o'clock Eastern time on Tuesday night, which is tonight. So let's do this. I want to welcome everybody that is listening. Thank you for tuning in yet again. Let's go ahead and pray the call in
All right, let's get into where we are on Intel, this has been a very slow day. Intel wise, we did get a little bit at the last minute about, oh, I'd say, four hours, maybe before the big call started. And I always like to get it and refresh it and fine tune what I can get the day of the call, because it's, it is just that it's fresh. So here's where we are.
Bruce’s Big Call Dinar Intel Tuesday Night 11-12-24
Transcribed By WiserNow Emailed To Recaps
I welcome everybody the big call tonight. It's Tuesday, November 12TH and you're listening for the big call. I hope everybody had a wonderful Veterans Day. Yesterday was a bank holiday, Federal holiday, and what is Bob usually says our week starts at nine o'clock Eastern time on Tuesday night, which is tonight. So let's do this. I want to welcome everybody that is listening. Thank you for tuning in yet again. Let's go ahead and pray the call in
All right, let's get into where we are on Intel, this has been a very slow day. Intel wise, we did get a little bit at the last minute about, oh, I'd say, four hours, maybe before the big call started. And I always like to get it and refresh it and fine tune what I can get the day of the call, because it's, it is just that it's fresh. So here's where we are.
We were anticipating, and I believe I brought this up on Thursdays call, we were anticipating getting notified today and exchanging either today, if we got some numbers early enough, or tomorrow, which is Wednesday.
Well, we didn't get notified today, but that part didn't happen for us, and it seems that what is happening now is when we talk to people, we get bankers, we get redemption centers, we get we get, sometimes we get other sources, sometimes we hear from some of these guys - And today, was one of those days where we got one piece of Intel, one piece but it might be all we need,
And Here's how it went, we did speak to someone who is at a redemption center. This person said that they were told that they were waiting for the US, the new US Treasury, to make an announcement.
Now we don't know they're making an announcement to the leaders of the redemption centers, to all of us, the US. We're not quite sure, but this announcement was supposed to come out and then the redemption center leaders and the people that are putting out the information to all the redemption centers across the country are to receive an email from Wells Fargo that would give them our Start Time and everything that we find out so that we get some idea of when we're going to be notified.
Now that's an announcement from the new US Treasury and the email from Wells Fargo, both of those to happen within next three days. Now we have to use Wednesday, Thursday and Friday. Those are our next three days. Now it could happen anytime those three days, or it might take all the way to Friday.
But I felt like, what's interesting is we don't always get everything that we're looking for, but we might get just what we need to hear. And even though we don't have everything, this information is sufficient. God's grace is sufficient for us. And I look at this as this is God telling us to just hang in there a little longer. We're almost done. Let's go ahead and get these. -
Get this announcement from the US Treasury, the new US Treasury, and let's get the email to come out from Wells Fargo to us and see where we stand at that point, all within the next three days, between Wednesday, Thursday and Friday.
Now, beyond that, I just want to say there was some information out that I heard about today that was dealing with med beds, and it went on and on and on into a long plan or timeline that gave us med beds in the hospitals and so on and so forth, into well, into next year and into actually starting next summer.
Well, let me give you a little update on what really is happening on med beds. This information was partially correct and partially not correct.
What I'm going to tell you is what is and what is real. We talk to people that are in charge of putting the med beds in med bed centers and training military to administer those all around North America. That means Canada, the US and Mexico.
But we also know that this is happening in other parts of the world as well, but I can tell you that right now in Canada and the United States, we have 38,400 med bed centers that are outfitted with two med beds in each one Well, that's quite a few.
Now, I believe we in the United States, probably around ….. ? we have plenty, and they're going to be making more, and they're going to be putting in - Now where the hospital comes into play. Take all the hospitals we have now, the information I'm hearing is that 80, 80% of those hospitals will be closed or sold in the coming year, leaving us 20% of the hospitals still in business.
But hospitals will no longer be considered like we see now. There will be healing centers, and yes, they will get med beds again, possibly what was written that might be fairly accurate, starting in January or March, but the med beds we have available right now, are waiting for us to go - just as soon as we start our exchanges –
Once we exchange. and redeem our Zim, we let the people know, yes, I am a candidate for the med bed I have if you have a dire need, you know blindness counts as dire need, for example –
You let them know, and they will enter something and make sure that you are notified very quickly. You will be able to get into the med bed and get it all squared away.
So obviously, I'm looking forward to that as many of you are as well, and each of you zim holders do get a priority. They do get priorities – they want us to be around a long time to see our projects through the completion. So that's a very good thing – We are going to be one of the first ones to get in, if you're, a dire need and a zim holder, you've got, you've got the holy grail to get in. So don't be misaligned by certain things that you're reading.
As I said some of that was correct, but some of it does not take into consideration that those of us who are paying attention to the big calls that are getting ready for your exchanges and your zim to be redeemed we're the first in line. We're ready to go. Dire need, and zim holder is the first to go.
So keep that in mind, we're coming into a really important time to get our exchanges started to redeem zim, There's a lot of changes getting ready to happen. And that's really what I wanted to talk about tonight, not a lot of Intel, just, you know, a little bit, but enough for us to know that we're supposed to start within the next days, we need a an announcement from the new category, and then we need from Wells Fargo to the leaders of the redemption centers. And then they get their notification. We get our notification, and then we go.
So let's go ahead and pray the call out
Bruce’s Big Call Dinar Intel Tuesday Night 11-12-24 REPLAY LINK Intel Begins 1:06:06
Bruce’s Big Call Dinar Intel Thursday Night 11-7-24 REPLAY LINK Intel Begins 1:05:10
Bruce’s Big Call Dinar Intel Tuesday Night 11-5-24 REPLAY LINK Intel Begins 1:00:50
Bruce’s Big Call Dinar Intel Thursday Night 10-31-24 REPLAY LINK Intel Begins 1:15:45
Bruce’s Big Call Dinar Intel Tuesday Night 10-29-24 REPLAY LINK Intel Begins 1:13:23
Bruce’s Big Call Dinar Intel Thursday Night 10-24-24 REPLAY LINK Intel Begins 1:13:50
Bruce’s Big Call Dinar Intel Tuesday Night 10-22-24 REPLAY LINK Intel Begins 1:15:35
Bruce’s Big Call Dinar Intel Thursday Night 10-17-24 REPLAY LINK Intel Begins 1:18:55
Bruce’s Big Call Dinar Intel Tuesday Night 10-15-24 REPLAY LINK Intel Begins 1:11:00
Bruce’s Big Call Dinar Intel Thursday Night 10-10-24 REPLAY LINK Intel Begins 51:11
Bruce’s Big Call Dinar Intel Tuesday Night 10-8-24 REPLAY LINK Intel Begins 1:03:35
Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 11-13-24
Good Afternoon Dinar Recaps,
UK LIKELY TO ISSUE DIGITAL GILTS WITHIN THE NEXT TWO YEARS – REPORT
Yesterday, state-owned French development bank Caisse des Dépôts et Consignations (CDC) issued a €100m ($108m) digital bond settled using the Banque de France’s DL3S DLT platform using its pilot wholesale central bank digital currency (wCBDC).
The transaction formed part of the European Central Bank’s wholesale DLT settlement trials which are due to end this month.
The Banque de France avoids using the term wholesale CBDC, instead referring to it as a tokenized representation of central bank money.
Good Afternoon Dinar Recaps,
UK LIKELY TO ISSUE DIGITAL GILTS WITHIN THE NEXT TWO YEARS – REPORT
Yesterday, state-owned French development bank Caisse des Dépôts et Consignations (CDC) issued a €100m ($108m) digital bond settled using the Banque de France’s DL3S DLT platform using its pilot wholesale central bank digital currency (wCBDC).
The transaction formed part of the European Central Bank’s wholesale DLT settlement trials which are due to end this month.
The Banque de France avoids using the term wholesale CBDC, instead referring to it as a tokenized representation of central bank money.
For the CDC issuance, it required synchronizing the issuance of the digitally native note (DNN) on Euroclear’s D-FMI platform with the settlement on the central bank’s DL3S. The DNN was issued in bearer form under French law.
“Choosing (the) Banque de France’s full DLT interoperability solution for settling the cash leg of this issuance stresses the importance of tokenised Central Bank Money for the development of the tokenisation of finance,” said Emmanuelle Assouan, Director General Financial Stability and Operations at Banque de France.
“The operation, performed under CSDR, allowed (the) Banque de France to enrich its connectivity solutions by setting-up a new interoperability link between the 2 DLTs, on top of the HTLC and SWIFT protocols.”
HTLC refers to a Hashed Timelock Contract which is an escrow-like mechanism in which the money is locked on one DLT, and the asset on the other. If the money is not claimed during the timelock period, the locks can be released.
Euroclear and the central bank worked together on the interoperability solution.
BNP Paribas’ Securities Services was the issuing agent for the transaction, with Crédit Agricole CIB and Natixis CIB as dealers.
Paris Europlace, the French association that supports the Paris financial market, created a working group of banks and asset managers to help in coordination.
ECB trials and France’s DL3S
Meanwhile, the French pilot CBDC solution has been used for some other digital bond issuances. They include a €30 million sovereign bond issued by Slovenia and a small ABN AMRO commercial paper issuance. There were also several other DL3S experiments that involved simulations.
@ Newshounds News™
Source: Ledger Insights
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SEC APPROVES COINCHECK AS FIRST JAPANESE CRYPTO EXCHANGE ON NASDAQ
Coincheck is set to make history as the first Japanese crypto exchange to list on Nasdaq, following SEC approval.
Coincheck, a cryptocurrency exchange headquartered in Tokyo and a subsidiary of Monex Group, is expected to become the first to debut on the Nasdaq Global Market as early as Dec. 10.
On Nov. 13, the United States Securities and Exchange Commission approved the exchange’s application to list on the Nasdaq.
The move, set to occur through a merger with Thunder Bridge Capital Partners (TBCP), marks the first time a Japanese crypto exchange will be listed on a US stock exchange.
The merger with TBCP, a special acquisition purpose company (SPAC), will enable Coincheck to remain a consolidated subsidiary of Monex Group after the listing. It could also encourage other Japanese exchanges to pursue similar moves.
SEC application approval
The SEC’s approval follows the Japanese crypto exchange’s filing of a Form F-4 registration statement on Nov. 7, which became effective on Nov. 12.
With the SEC green light, TBCP can now proceed to hold a shareholder vote on Dec. 5 to approve and finalize the business combination, a necessary step for the listing to proceed.
If the shareholders vote in favor, the merger with TBCP will close, and Coincheck is set to be officially listed on the Nasdaq as soon as Dec. 10, trading under the ticket CNCK.
Nasdaq listing implications
The planned Nasdaq listing would be a significant development for Japan and the US. If the merger is finalized, it will deepen global market integration, potentially inspiring other Japanese crypto exchanges to pursue listings in international markets.
The listing could attract more international crypto firms to American markets for the US, reinforcing the country’s expected pro-crypto regulatory stance under President-elect Donald Trump’s incoming administration.
SEC influence over crypto
The SEC has shaped crypto in the US through its rigorous oversight of digital assets, exchanges and firms, including issuing multiple Wells notices.
Consensys CEO Joe Lubin, in an interview with Cointelegraph at Devcon 2024 in Thailand, criticized the SEC for restricting innovation in the crypto industry.
Consensys also issued an open letter to the next US president, calling for supportive regulations for crypto and Web3 — a sentiment Lubin echoed at Devcon 2024, where he expressed hope for a smooth transition in SEC leadership.
@ Newshounds News™
Source: CoinTelegraph
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Republic | Youtube
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@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
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Thank you Dinar Recaps
15 Lessons Rich Parents Teach Their Kids
15 Lessons Rich Parents Teach Their Kids
Alux
00:00 - Intro
00:28 - Understanding how money works
01:36 - The difference between an asset and a liability.
03:08 - They are not entitled to anything.
04:33- How to be sociable and connect with other people.
05:27 - Increasing income instead of lowering expenses.
07:52 - How to create daily habits that give them incredible advantages.
09:09 - Money is a tool, and it's a good thing.
10:23 - Stop expecting immediate results and avoid magical thinking.
11:63 - Knowledge is more valuable than money in the long run.
13:37 - Don't work for money. Have money work for you.
14:46 - Solving problems is the quickest way to get rich.
15:38 - Not to waste time on things that do not correlate to the real world.
16:25 - How to use good debt instead of bad debt.
17:39 - 80% of the results come from 20% of the effort.
18:49 - Having money doesn't make you a better person.
More News, Rumors and Opinions Wed. Afternoon 11-13-2024
KTFA:
Clare: Private Banks Association: Iraq to adopt advanced trade finance system by end of 2024
Baghdad
The Iraqi Private Banks Association announced, on Wednesday, a move to adopt an advanced trade finance system by the end of the year.
The Executive Director of the Iraqi Private Banks Association, Ali Tariq, told the official agency, which was followed by "Al-Eqtisad News", that "work on the foreign trade financing platform began at the beginning of 2023 and is witnessing significant development," indicating that "it is expected that by the end of the year there will be a transition to another more advanced and accurate system to enhance control over foreign transfers related to trade."
KTFA:
Clare: Private Banks Association: Iraq to adopt advanced trade finance system by end of 2024
Baghdad
The Iraqi Private Banks Association announced, on Wednesday, a move to adopt an advanced trade finance system by the end of the year.
The Executive Director of the Iraqi Private Banks Association, Ali Tariq, told the official agency, which was followed by "Al-Eqtisad News", that "work on the foreign trade financing platform began at the beginning of 2023 and is witnessing significant development," indicating that "it is expected that by the end of the year there will be a transition to another more advanced and accurate system to enhance control over foreign transfers related to trade."
He explained that "the new system will depend on correspondent banks instead of the current mechanisms, as each bank will have the ability to conduct transfers according to its capabilities and possession of correspondent accounts, whether in American banks or other banks that provide transfer services in different currencies."
He added, "This process will remain the same for the public and merchants wishing to transfer, as the requirements will not change significantly, but the accuracy of transfer operations will improve through the activation of control systems and regulations imposed by correspondent banks."
He stressed that "this transformation will increase public confidence in the Iraqi banking sector, as local banks will adhere to the instructions and mechanisms of international correspondent banks, which will enhance work within strict international systems and agreements."LINK
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Clare: Minister of Commerce: The government has developed a roadmap for developing the national economy
11/13/2024 Baghdad - WAA - Hassan Al-Fawaz
Minister of Commerce Athir Al-Ghurairi confirmed today, Wednesday, that the government has developed a roadmap for developing the national economy, noting that the private sector is witnessing a remarkable recovery thanks to government support.
Al-Ghariri told the Iraqi News Agency (INA): "The government has begun implementing economic reforms through new legislation," noting that "many laws have been sent to the House of Representatives for approval."
He added, "These reforms represent a 'reform revolution' that the Iraqi people may not notice at the present time, but it will soon become clear to citizens, businessmen and project owners."
The Minister explained that "the government has begun practical steps to support important sectors such as the pharmaceutical industry, as this sector has witnessed a remarkable recovery as a result of effective government policies, in addition to localizing other industries."
He pointed out that "the government has taken new regulatory steps through the Ministry of Trade Law, which allows for the issuance of accurate and clear data, which helps in setting a roadmap for local and international businessmen and investors," expressing his "optimism about the future of the Iraqi economy." LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Once the dollars run out because there's no more smuggling going on, the new digital transformation has taken place, the new systems in place, the dollar itself in the country is going to drop up quickly. They change the exchange rate of the Iraqi dinar to be stronger than the U.S. dollar that [black] market is going to tank. A lot of people are going to be painfully hurt. It's their bad. They've been warned...The bottom line is the black market is about to take a beating. Supply is running short with the dollars. They've been put on notice...It looks positive for all of us...
Mnt Goat It’s almost mid-November already and still no solid announcement from the CBI of the conducting the Project to Delete the Zeros. NO, the RV has not yet happened. The U.S. election is now over and so we should expect some information on this soon, if they are still going along with the target of early January 2025, as I was told. I know we heard this in the past previous years and yes this was the plan back then too. But we are here now and it’s a new fiscal year coming for Iraq and, as we all read in the recent news, Iraq could not be in a better position to get their currency returned to them.
THE SKYROCKETING STOCK MARKET IS A SYMPTOM OF A DELIBERATE SYSTEMIC BREAKDOWN.
Greg Mannarino: 11-13-2024
Coffee with MarkZ and Andy Schectman. 11/13/2024
Coffee with MarkZ and Andy Schectman. 11/13/2024
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 Mark, Mods and ZFamily. I hope you all slept well and that you all have a great day
Member: It’s a great time to be alive …….We are almost there.
Member: What news do you have for us today Mark?
Coffee with MarkZ and Andy Schectman. 11/13/2024
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 Mark, Mods and ZFamily. I hope you all slept well and that you all have a great day
Member: It’s a great time to be alive …….We are almost there.
Member: What news do you have for us today Mark?
Member: Are we waiting for the Iraq census to be finished? I believe it starts on the 20th or so and goes for several days. Iraq gov is shut down and there will be a curfew during those days
MZ: I have not heard we have to wait for the census to be done.
Member: Still on an RV high from the “glitch” or “testing” yesterday!!!! Whoo hoo!!! Nadar latest video actually says it’s going to keep happening as it’s proof it’s in forex.
Member: Nader is saying the rate is changing up and down because dinar is on forex being traded by banks
Member: GoldiLocks, mountain goat & Nader believe that January is go time for IQD, then we see IQD flux on google and rumors Sudani said he wants it done by Dec 10 but then Dec 31 auctions to end…thoughts?
Member: in Iraq- Sudani said the auctions would end by the end of the year. Doesn’t mean they can’t end earlier.
MZ: Not a huge amount on the bond side today. I did speak with one of my of my largest bond folks who said they have not received their 1% yet but they are very much convinced at the highest level that this will be done in the calendar year of 2024. Of course none of know the date.
Member: Even if we have to wait until Jan 1st…..I am not giving up…
MZ: I have another contact who believes things will be wrapped up in the next 7 days. I will take either one……but hope for sooner rather than later.
MZ: out of Iraq: “Al Sudani stresses Iraq’s sovereignty and cooperation with the region to resolve outstanding files.” This is in the Erbil region. They are sitting down to work out their final things. Sudani is pointing out to them that Iraq is sovereign. That is my favorite word in articles I am reading today.
MZ: “President of the Republic and the Crown prince of Kuwait affirm strengthening relations and resolving outstanding files” they are saying they have mutual interests and want to strengthen things. Why is this important? Settlements from the Iraqi –Kuwaiti war. This is one of the things that has to be completely resolved as they move forward.
MZ: “ Saadi Ahmed Bureh : the Census should have been carried out after the implementation of article 140” After? HCL? Has it already been implemented? Am I missing something? I think they are telling us something.
Member: Remember Many times things are not printed in Iraq until after it’s already done.
Member: there are sure lots of articles and economist now talking about ending the Fed and gold backed currency…..That is exciting.
Member: Lots of things happening…….all over…..and good things finally – not just bad
MZ: Yes we can see the light at the end of the tunnel.
Member: I'm thinking today would be a great day to retire. could we please flip the switch.
Member: Have a good day and keep your thoughts positive…..Thanks Mark, and Andy.
Andy Schectman from Miles Franklin joins the stream about minute 30. Please listen to the replay for his thoughts 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!
Iraq News Highlights and Points to Ponder Wednesday AM 11-13-24
Central Bank Announces Progress In Dollar Control Procedures
Central Bank of Iraq Banks Economy News – Baghdad 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, followed by Al-Eqtisad News, 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."
Central Bank Announces Progress In Dollar Control Procedures
Central Bank of Iraq Banks Economy News – Baghdad 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, followed by Al-Eqtisad News, 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 added, "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."
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 some private banks operating in Iraq. https://economy-news.net/content.php?id=49759
Financial Inclusion And Banking Restructuring
Economic 2024/11/13 interest in the banking sector has become striking to the point that it can be said that the government is actually undertaking the "financial inclusion program, whose founders aim to deliver services to all regions of the country and include all societal and age groups with these services with the aim of encouraging all citizens to open bank accounts, and then withdraw the cash mass hoarded by the public, which the Central Bank estimates at about 70 percent of the issued cash, and circulate it in the banking arena activities, with the aim of raising credit rates and contributing to creating real development.
On this basis, the Prime Minister's Office's statement came in this regard recently, which referred to some of the challenges facing the efforts to reform the financial and banking system, as one of the priorities of the government program, while the statement identified a number of steps with the aim of confronting these challenges and ensuring the strengthening of confidence in the financial and banking sectors, facilitating the process of economic development, and raising indicators of financial inclusion.
However, the clear intersection between the government's direction and the banking restructuring program indicates a number of observations that are directly related to these steps, such as the contradiction between what was stated in the content of these government steps, and the banks' procedures regarding restructuring, as some government banks have taken steps
The issue of restructuring, which was apparently limited to the merger of large numbers of branches of operating government banks, included branches on the outskirts of governorate centers and in the middle of them, which undermined the service area in which these banks operate.
This completely intersects with the financial inclusion program, one of the tools of which the statement specified is “providing banking services to different segments of society, including districts and sub-districts in villages and rural areas.”
The steps mentioned in the statement, which are in the process of intensifying efforts, did not indicate the issue of the conditions previously set regarding raising the capital rates of banks to about 450 billion dinars by the end of December 2024, which obligated all private and government banks in this regard, otherwise these banks will be merged or liquidated,
if we know that some government banks whose many branches have been merged still have a large number of branches, and these branches still provide their daily services to large numbers of the public, while they are exposed to merger or liquidation,
even some administrations are unable to make some decisions related to developing services, because they realize that the fate of their banks will end in merger or liquidation, and this is what makes the intersection clear in the government's direction regarding developing the performance of banks and expanding the scope of services with the restructuring program implemented by the relevant authorities. https://alsabaah.iq/105828-.html
Iraq Records 4% Economic Growth, Moves Towards Sustainable Diversification
Economic 2024/11/13 The 4% growth in the Iraqi economy reflects the beginning of a positive shift towards sustainable economic diversification. According to the International Monetary Fund’s expectations, this growth reflects the country’s efforts to reduce dependence on non-renewable natural resources and shift to an economy that relies on other sectors.
Experts consider the development project initiated by the government to be a qualitative step towards restructuring the national economy. They point out that this project includes developing a strong infrastructure, developing the industrial and agricultural sectors, in addition to attracting foreign and local investments, which will enhance Iraq’s ability to face future economic challenges.
In this context, experts point out that Iraq has already begun implementing some of the recommendations of international conferences, such as the Munich Conference and other economic forums held in Washington and Riyadh, as the government seeks to attract international companies and enhance the role of the private sector in the economy.
The government’s move towards multi-pronged development programs is part of a comprehensive strategy aimed at transforming the Iraqi economy from an economy that relies primarily on oil to a diversified and sustainable economy.
Development Plan
Economic expert Dr. Adnan Bahiya explained in an interview with "Sabah" that the World Bank in its adoptions for Iraq depends on a large number of important factors, foremost of which is the existence of a development plan for the next five years, which it prepared in a directed way for the development process in Iraq, through which the scattered development trends are limited to one correct direction.
Government Program
Bahiya promised the existence of a government program for the past years and the current year, with the ambition that achieves a large number of accomplishments, foremost of which is working to end the files of stalled projects, as their number has decreased by more than half, noting that this indicator is good for growth.
Economic Process
He noted that the stability of oil prices, even in light of the unstable political and security atmosphere in the Middle East and the world, where prices range between 70 and 80 dollars per barrel, encourages the continuation of the economic process in the country, as the Iraqi economy depends on oil for 95 percent of its capabilities and revenues.
He pointed out that the current policies in the field of combating corruption and returning looted and smuggled funds outside Iraq are important, especially if these funds are used to create an advanced industrial, agricultural and service base that will move the country in the right direction.
Advanced Ranks
Economic researcher Suhad Al-Shammari explained to "Sabah" that the International Monetary Fund reports confirm that Iraq has advanced ranks in the Arab world in terms of expected economic growth, amounting to 4 percent, outperforming Morocco, Kuwait, Bahrain, Oman, Algeria, Jordan and Qatar. "
The Right Planning
Al-Shammari attributed the reason for this to the role of the state and the current government in proper management and planning to enhance the growth of the economic sector and protect the local market from the economic fluctuations that are sweeping the region, in addition to providing the requirements of the Iraqi citizen from social welfare salaries and a food basket, which made a clear difference in protecting the local market from exchange rate fluctuations.
She added that the investment and service projects that began with the government program and directly with the current government by launching them and the international conferences in which it participated, including the Munich and Riyadh conferences, have returned Iraq to the global platform.
Foreign Investments
She added that Iraq is an important geopolitical player, possessing the potential to secure foreign investments and joint cooperation between the Iraqi and foreign private sectors, stressing that the country is capable of finding a substitute for oil and has all the solid economic components, as evidenced by the efforts of most countries to contribute to important projects, including the development project, which is a qualitative shift in the Iraqi economy. https://alsabaah.iq/105827-.html
Seeds of Wisdom RV and Economic Updates Wednesday Morning 11-13-24
Good Morning Dinar Recaps,
STABLECOIN FIRM TETHER PLOWS PROFITS INTO COMMODITY TRADE FINANCE
On Friday Tether, known as the operator of the largest stablecoin, reported its investment division completed its first trade finance transaction in October. It involved providing finance for 670,000 barrels of Middle Eastern crude oil worth around $45 million.
The credit granted was from Tether Investments, a company with $7 billion in equity funded by the profits of the stablecoin firm. Hence, it does not involve the use of stablecoin reserves. However, the Tether stablecoin was used for the payment.
Good Morning Dinar Recaps,
STABLECOIN FIRM TETHER PLOWS PROFITS INTO COMMODITY TRADE FINANCE
On Friday Tether, known as the operator of the largest stablecoin, reported its investment division completed its first trade finance transaction in October. It involved providing finance for 670,000 barrels of Middle Eastern crude oil worth around $45 million.
The credit granted was from Tether Investments, a company with $7 billion in equity funded by the profits of the stablecoin firm. Hence, it does not involve the use of stablecoin reserves. However, the Tether stablecoin was used for the payment.
“With USDT, we’re bringing efficiency and speed to markets that have historically relied on slower, more costly payment structures,” said Paolo Ardoino, CEO of Tether.
“This transaction marks the beginning, as we look to support a broader range of commodities and industries, fostering greater inclusivity and innovation in global finance.”
Tether‘s main stablecoin has a current market capitalization of more than $124 billion.
Tether comes out of the shadows
For years there were doubts about whether the Tether stablecoin was fully backed. The company makes out that these concerns are unwarranted.
However, the New York Attorney General found that Tether misrepresented the status of the stablecoin reserves during 2018 and 2019 and banned the stablecoin from the state as part of a settlement.
During that time, Tether lent $625 million of its reserves (around a third of the total) to sister company Bitfinex exchange, which would have been insolvent without the funds. With the subsequent Bitcoin rally, Bitfinex managed to recover.
However, since Tether recently became enormously profitable earning $7 billion during the first nine months of 2024, that breach of ethics and trust seems to have been forgotten.
In another positive piece of news for Tether, the co-head of Donald Trump’s transition team is Howard Lutnick, the CEO of Cantor Fitzgerald. And Cantor looks after the $100 billion plus in Treasuries and repos that form part of Tether’s stablecoin reserves, making it an important client.
@ Newshounds News™
Source: Ledger Insights
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BREAKING: CARDANO FOUNDER TEASES POTENTIAL PARTNERSHIP WITH RIPPLE
Cardano founder Charles Hoskinson hints at a Ripple partnership, praising CEO Brad Garlinghouse amid calls for crypto unity and regulatory clarity.
▪️Hoskinson praises Ripple's Garlinghouse, hinting at a potential Cardano-Ripple partnership amid regulatory calls for industry unity.
▪️Nerayoff criticizes Hoskinson's Ripple remarks, accusing him of political motivations and rewriting past controversies.
▪️Ripple-Cardano potential partnership aims to bolster market positions amid regulatory challenges.
Cardano founder Charles Hoskinson has hinted at a potential collaboration with Ripple, sparking excitement across the crypto community.
In a recent post on X (formerly Twitter), Hoskinson praised Ripple CEO Brad Garlinghouse, calling him a “great CEO” and describing their interaction as “extremely collaborative.” This public exchange has fueled speculation that Cardano and Ripple might explore a strategic partnership.
Will Cardano Founder Partner With Ripple CEO?
Cardano founder Charles Hoskinson’s recent comments align with growing calls for collaboration in the cryptocurrency industry.
In his post, the Ripple CEO Brad Garlinghouse was in agreement with this saying that it was time for the crypto community to ‘unite’ to push for a ‘level playing field’ as well as clear regulation.
He pointed out that the market should have obvious “rules of the road” to create a level playing field for all crypto assets and companies “A rising tide lifts all boats,” Garlinghouse wrote, positing that a unified crypto industry would be beneficial to the whole system.
This message of unity comes at a time when regulatory pressures and market challenges continue to affect the crypto sector. Ripple, in particular, has been embroiled in a long-standing legal battle with the U.S. Securities and Exchange Commission (SEC), a case that many believe could set an important precedent for the industry.
With Hoskinson’s endorsement and Garlinghouse’s call for collaboration, the potential Ripple-Cardano partnership might aim to strengthen both companies’ positions in the market and support regulatory reform efforts.
Steven Nerayoff Blast Cardano Founder Stance
Cardano founder Charles Hoskinson’s positive remarks about Garlinghouse and Ripple reflect a shift from his previously critical stance on XRP and its community. However, not everyone in the crypto community is enthusiastic about this potential partnership.
Steven Nerayoff, a figure in the blockchain space, has accused Charles Hoskinson of engaging in “damage control” rather than genuine support for Ripple and the XRP community.
He referenced years of perceived hostility from Hoskinson towards Ripple and questioned the timing of Hoskinson’s recent support.
According to Nerayoff, Hoskinson’s remarks signal a “sudden patriotic pivot” that he claims lacks authenticity, suggesting that Hoskinson is motivated by self-interest rather than a true desire to support the industry. He stated,
“Your hollow ‘apology’ to the XRP Community falls flat,”
“Your sudden patriotic pivot and vague ‘Trump Team’ hints reek of desperation,” Nerayoff stated. He argued that Hoskinson’s recent comments are part of a broader effort to “mislead” the public about his role in the crypto community, particularly around key issues like regulation and industry growth.
Accusations of Undermining and Creating Conflict
Nerayoff did not shy away from confrontation and accused Hoskinson of trying to undermine him and Ripple for the past few years. He accused Hoskinson of creating conflict within the crypto industry and spreading “false narratives” to elevate his own projects.
Nerayoff claimed that Hoskinson’s actions have been divisive, and that he has contributed little to the blockchain space other than “pumping his own bags” and fostering animosity.
“You made great efforts to discredit me…Yet it was you who sought my help to make crypto legal,” Nerayoff said, pointing to his early work such as the development of the token utility model and ICO structure which helped to facilitate Ethereum’s growth. He further called Hoskinson as a person who is “free-riding” and a “false prophet” in the blockchain ecosystem.
Charles Hoskinson Highlights Vision for Unity
Hoskinson responded to Nerayoff’s accusations directly, dismissing them in a follow-up post.
“All right, Steve, you just proved everything everyone says about you is true. Best of luck in life,
Concurrently, just hours after expressing admiration for Garlinghouse, he tweeted, “You know what’s unstoppable? When the entire crypto space comes together and unifies to take the industry to the next level.” He continued, “We won’t stop for a rest until there are a billion blockchain users.”
Moreover, Pro XRP lawyer John Deaton has commended the potential collaboration citing a bright future should this milestone be accomplished.
In addition, Ripple CEO Brad Garlinghouse has recently expressed optimism about Ripple’s future, despite the prolonged legal battle with the SEC. In his post, he acknowledged the challenges that Ripple and the XRP community have faced, describing the journey as “frustrating” but expressing hope for “light at the end of the tunnel.”
@ Newshounds News™
Source: CoinGape
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@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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News, Rumors and Opinions Wednesday AM 11-13-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 13 Nov. 2024
Compiled Wed. 13 Nov. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Tues. 12 Nov. 2024 Wolverine: “I went to a meeting and was told it was defiantly happening. Don’t know when, but it is definitely happening. I am not allowed to say much but we will certainly have a wonderful Christmas….I was just informed by B that our closing schedule will be released by the Admiral on or before Sunday midnight (17 Nov. 2024). That will be final.”
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 13 Nov. 2024
Compiled Wed. 13 Nov. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Tues. 12 Nov. 2024 Wolverine: “I went to a meeting and was told it was defiantly happening. Don’t know when, but it is definitely happening. I am not allowed to say much but we will certainly have a wonderful Christmas….I was just informed by B that our closing schedule will be released by the Admiral on or before Sunday midnight (17 Nov. 2024). That will be final.”
Tues. 12 Nov. 2024 Bruce: A Redemption Center person was told that within the next three days they would get an announcement from the US Treasury. Then the Redemption Center Leaders would receive an email from Wells Fargo which would give them the start time for Tier4b (us, the Internet Group).
Tues. 12 Nov. 2024: BOOM! Ripple CEO Confirms Game-Changing Meeting with Trump: National Bitcoin Stockpile & Pro-Crypto Agenda Revealed! – amg-news.com – American Media Group
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Tues. 12 Nov. 2024 NESARA GESARA is often discussed as a transformative series of financial and political changes with significant and wide-reaching effects. Here’s a reorganized version of the impactful elements associated with NESARA GESARA you mentioned: …Nesara Gesara on Telegram
Financial Reset – Debt Forgiveness: All personal debts including mortgages, loans, and credit cards will be erased as part of a major financial reset, addressing long-standing financial inequities.
Tax Reform – New Tax System: The end of the IRS and the introduction of a 14% flat tax on non-essential goods, significantly altering how taxes are collected.
Monetary System Overhaul: The Federal Reserve will be dismantled, and a new “Rainbow Currency” backed by precious metals will be introduced, replacing current currency.
Humanitarian Initiatives: Extensive funding for global humanitarian projects to improve life quality worldwide.
Restitution for Past Wrongs: Restitution and redemption processes will address past constitutional violations and redistribute wealth from elites to the public.
NESARA GESARA: Envisioned as a global reset, these reforms aim to dismantle the old order and decentralize power, returning it to the people with comprehensive changes across finance, law, and societal structure. This plan is described as a blueprint for a worldwide revolution, emphasizing empowerment and justice.
Each of these points reflects significant shifts proposed under NESARA GESARA, highlighting its ambitious nature and the broad scope of its intended impact.
Read full post here: https://dinarchronicles.com/2024/11/13/restored-republic-via-a-gcr-update-as-of-november-13-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Sandy Ingram Zimbabwe's new currency is set to trade on the Forex market. [Why do] We discuss why we watch the ZIG currency so closely...when most of are IQD investors [?]...We watch the Zimbabwe's currency because, like Iraq...Zimbabwe had a currency where it took $1.47 to make one Zimbabwe dollar. (Iraq's currency was over 3 IQD to $1.00 before 2003). Like Iraq, the country ran into hardship and was devalued and spiraled downward. We watch Zimbabwe and other developing countries currency for ideas on how Iraq may handle its currency revalue, float, reinstatement or central bank digital currency...Zimbabwe has lots of gold and Iraq has lots of oil...Zimbabwe plans for its gold-backed currency to trade on the Forex market. However they did not tell us when this event will happen...
Militia Man Article quote: Alaq says... "When we reach the point where everyone is headed towards using the official and fundamental channels in the transfer process then we find no room for there to be two prices for the dollar." That's when he'll make his move. If he's not ready now, when will he be? I don't know. That's his call. It's on him to know the marketplace. When is the safest time to do it? He's saying over the passage of time it gets shorter and shorter because the people are using the system properly. Once he changes the exchange rate I think that market, the two prices, go away like that, *snap*.
Dollar in a Death Spiral, Gold and Commodities to Take the Reins
VRIC Media: 11-12-2024
Doug Casey and Todd Horwitz have high hopes for America with President Trump at the helm, but they also realize there is no fixing the ballooning debt and deficits, out-of-control government spending, and the inevitable collapse of the US dollar, and that's where gold and commodities will enter the picture.
The duo discuss why commodity prices are poised to ramp up, which commodities they're watching closely, why they think inflation is just getting started, and much more.
00:00 Introduction
00:59 Trump Presidency and Markets
05:43 State of Broad Market
11:09 Gold, Silver, Energy
21:10 Uranium, Agriculture, Coal
28:10 Collapse of German Government
32:02 Inflation Isn't Going Away
37:55 The West Versus BRICS
“Tidbits From TNT” Wednesday Morning 11-13-2024
TNT:
Tishwash: Private Banks Association: Iraq to adopt advanced trade finance system by end of 2024
The Iraqi Private Banks Association announced, on Wednesday, a move to adopt an advanced trade finance system by the end of the year.
The Executive Director of the Iraqi Private Banks Association, Ali Tariq, told the official agency, which was followed by "Al-Eqtisad News", that "work on the foreign trade financing platform began at the beginning of 2023 and is witnessing significant development," indicating that "it is expected that by the end of the year there will be a transition to another more advanced and accurate system to enhance control over foreign transfers related to trade."
TNT:
Tishwash: Private Banks Association: Iraq to adopt advanced trade finance system by end of 2024
The Iraqi Private Banks Association announced, on Wednesday, a move to adopt an advanced trade finance system by the end of the year.
The Executive Director of the Iraqi Private Banks Association, Ali Tariq, told the official agency, which was followed by "Al-Eqtisad News", that "work on the foreign trade financing platform began at the beginning of 2023 and is witnessing significant development," indicating that "it is expected that by the end of the year there will be a transition to another more advanced and accurate system to enhance control over foreign transfers related to trade."
He explained that "the new system will depend on correspondent banks instead of the current mechanisms, as each bank will have the ability to conduct transfers according to its capabilities and possession of correspondent accounts, whether in American banks or other banks that provide transfer services in different currencies."
He added, "This process will remain the same for the public and merchants wishing to transfer, as the requirements will not change significantly, but the accuracy of transfer operations will improve through the activation of control systems and regulations imposed by correspondent banks."
He stressed that "this transformation will increase public confidence in the Iraqi banking sector, as local banks will adhere to the instructions and mechanisms of international correspondent banks, which will enhance work within strict international systems and agreements." link
Tishwash: "Thousands of them are suspended" .. Draft laws challenge the remainder of the life of the current parliament
Former MP Hussein Al Aqabi confirmed the existence of thousands of suspended laws that need to be amended and cancelled, while he considered the draft laws an update for what remains of the life of the current parliament.
Al-Aqabi said, during his hosting in the {Free Talk} program broadcasted by Al-Furat satellite channel this evening, that: "We have a problem in the public authorities of the Iraqi state and it is concentrated in the legislative authority in which the form of the political conflict crystallizes and is in the sight and hearing of the public."
He added, "The outcomes of the electoral process since its formation until today do not match the size of the challenges we are experiencing today, especially in parliament, and the political forces do not follow up on their members in the legislative house and there are fundamental problems and important legislation that requires laws of high quality in terms of substance and content."
Al-Aqabi explained that "we have thousands of laws that are not legislated or need to be amended or cancelled and all these challenges go back to competent figures and the internal system must be activated, and Parliament Speaker Mahmoud Al-Mashhadani is supposed to play his pivotal role, especially with regard to the work of parliamentary committees and independent bodies."
He continued, "The vast majority of members of the House of Representatives do not read the budget law and quotas cannot be bypassed, but the most competent must be chosen, while the real estate law has not been presented in detail in the House of Representatives."
Al-Aqabi continued, saying, “According to the statement of Prime Minister Mohammed Shia al-Sudani, there is a desire to change a number of ministers. As for the leaks, some of them were made through simple eavesdropping devices, and others show a political aspect. This is a disregard for the issue of corruption, which makes them public actions that do not require supernatural abilities to uncover them. The reason is that whoever feels safe from punishment misbehaves.” link
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Tishwash: Gold reserves boost confidence in national currency
Baghdad: The pillar of the emirate
Gold plays a vital role in the monetary reserves of countries for several reasons related to financial stability, hedging against economic risks, enhancing confidence in the national currency, as well as being an effective tool for hedging against inflation. This prompted the Central Bank of Iraq, on several occasions and in successive years, to increase its gold reserves, which reached 148 tons and 305 ounces.
Regarding the reason that prompted banks to rely on the yellow metal and nothing else, financial expert Mahmoud Dagher explained to “Al-Sabah” that the reason central banks, including the Central Bank of Iraq, increased their purchases of monetary gold is because it is suitable as a reserve compared to industrial gold, indicating that the Chinese Central Bank and the Indian Reserve are among the largest buyers of gold in the world.
Total reserves
Dagher added that the Central Bank of Iraq has increased its gold holdings more than once during the past two years, the last of which was in the first quarter of 2024, until the total gold reserves reached 148 tons and 305 ounces after the last deal in May 2024 by 2 tons and 644 ounces.
Bank assets
He explained that although gold is not the best asset for generating returns when investing compared to currencies, deposits and securities that are permitted to be acquired within the assets of central banks, it is a haven for balance between other assets whose values are affected by the nature of the economic cycle (recession and inflation), noting that the price of gold decreases during recession and increases during inflation, reflecting its balancing role.
Global trend
He added that gold is also a haven when currencies fluctuate sharply against each other, as happened in the last two years for the ruble, yuan and rupee, and thus reduces the impact of what is called currency risk, pointing out that the Central Bank of Iraq did not deviate from the global trend in buying gold despite the rise in its price accompanying the global wave of inflation that hit major economies until it approached 10%; because the rule of purchasing assets by central banks is based on the principle of buying the asset when its price falls in the hope of selling it when it rises, which did not happen with gold because expectations during the last two years were towards an increase in gold prices in addition to the continued significant fluctuation of currencies among themselves.
Avoid inflation
For her part, the economic affairs specialist, Dr. Ikram Abdul Aziz, said that Iraq is the fourth Arab country in possessing large quantities of gold as an element indicating the soundness of the Iraqi economy, indicating that gold and hard currency reserves become a supportive means and an important framework for hedging and avoiding inflation and rising prices.
Abdul Aziz added, in an interview with "Al-Sabah": Gold and foreign currency work to preserve the value of money and the resulting interest; therefore, countries seek to own large quantities of gold, noting that owning large quantities of gold reserves in light of the current fluctuations, geopolitical changes and the situation of the Iraqi economy is a safe haven to preserve value and hedge against inflation.
Development paths
She explained that the presence of large quantities of gold at the Central Bank of Iraq is an important element in limiting dollar control and reducing instability, noting that Iraq achieved this increase in its gold reserves to serve development paths.
She added that the Central Bank of Iraq has a variety of reserves, including gold, whose stock is an effective means and a basic pillar for maintaining purchasing power, stressing that the presence of strong reserves and their diversity in the investment portfolio of the Central Bank of Iraq is a basic pillar and a factor that limits the rise in prices and hedges against inflation, and thus confidence in the existing economic system is achieved. link
Mot: Even More ""Marital Tips"" frum da Internet fer Ya!!!
Mot: Granma needs you
Iraq Economic News and Points to Ponder Tuesday Evening 11-12-24
Iraq on the list.. Arab countries top the 5 largest global oil deals
Iraqi oil refinery Energy Economy News - Three Arab oil-producing countries topped the list of the top 5 oil deals in November. The United Arab Emirates topped the list of the top 5 oil deals last September, the same month that witnessed a clear decline in global oil prices, which fell from $76 per barrel to less than $69, the lowest level in 3 years.
The list of the five largest oil deals last October included Saudi Arabia, the UAE, and Iraq, in addition to the United States, one of whose companies led a giant deal, while the other deal was on its territory, according to Energy magazine.
Iraq on the list.. Arab countries top the 5 largest global oil deals
Iraqi oil refinery Energy Economy News - Three Arab oil-producing countries topped the list of the top 5 oil deals in November. The United Arab Emirates topped the list of the top 5 oil deals last September, the same month that witnessed a clear decline in global oil prices, which fell from $76 per barrel to less than $69, the lowest level in 3 years.
The list of the five largest oil deals last October included Saudi Arabia, the UAE, and Iraq, in addition to the United States, one of whose companies led a giant deal, while the other deal was on its territory, according to Energy magazine.
The deals completed by the three Arab countries varied between acquisition, sale and purchase, investment in giant oil fields, in addition to establishing important production units.
Saudi Arabia topped the list of the five largest oil deals last October, with an important deal between its two companies, Addis and Aramco, to operate the Addis 13 and Addis 14 platforms, worth 946 million riyals (251.92 million US dollars).
The UAE's ADNOC entered the list of the top 5 oil deals last October, after it was able to complete the acquisition of a significant stake in Fertiglobe, which is the largest marine exporter in the field of petrochemicals, specifically fertilizers and urea.
According to the article published in Energy magazine, an indirect deal pushed Iraq to the list of the top 5 oil deals in October 2024, as Iraq is scheduled to export oil to the Czech Republic. https://economy-news.net/content.php?id=49751
Oil Prices Rebound Again After Days Of Decline
Economy | 04:57 - 12/11/2024 Mawazine News – Economy Oil prices rebounded in global markets after days of decline. The price of a barrel of Brent crude rose about 1%, recording $72.54 per barrel by 4:30 Baghdad time.
The price of a barrel of US crude reached $68.60 per barrel, recording an increase of more than 1%.
Oil prices fell earlier, as the market was affected by investors’ disappointment with the latest Chinese stimulus plan and concerns about oversupply, in addition to the strength of the dollar. https://www.mawazin.net/Details.aspx?jimare=256557
A Significant Decrease In The Dollar Exchange Rate In Local Markets In Baghdad
Economy |12/11/2024 Mawazine News – Economy The US dollar exchange rate witnessed a noticeable decline, Tuesday morning, in Baghdad markets.
The Al-Kifah and Al-Harithiya stock exchanges in Baghdad opened at low prices, recording 150,150 dinars per 100 US dollars, compared to yesterday's price, Monday, which amounted to 150,650 dinars per 100 dollars.
In exchange shops in Baghdad, the selling price of the dollar recorded a decline to reach 151,000 dinars, while the buying price reached 149,000 dinars per 100 US dollars. https://www.mawazin.net/Details.aspx?jimare=256553
Trade: A Monitoring Campaign To Monitor Strategic Stocks And Ensure Price Stability In The Markets
Money and business Economy News – Baghdad The Ministry of Commerce announced, on Tuesday, the launch of a campaign to monitor food agents in all governorates and ensure price stability in the markets.
The Director General of the Commercial and Financial Control Department at the Ministry of Trade, Riyadh Al-Moussawi, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "a wide campaign was launched to follow up on food agents in all governorates," noting that "the campaign came under the direction of the Minister of Trade to ensure price stability and daily monitoring of local markets, including the capital, Baghdad."
He explained that "the number of food agents has reached about 54 thousand agents, and that the Commercial and Financial Control Department continues its daily work according to specific plans and programs, and the campaign focuses in particular on following up on food agents."
He pointed out that "the campaign came before the launch of the eighth food basket, in order to inspect food warehouses and ensure the strategic stock and stock for next year, in addition to addressing any problems or difficulties that agents may face to ensure smooth work." 57 views Added 11/12/2024 - 4:30 PM https://economy-news.net/content.php?id=49743
Parliament Speaker Calls For Joint Cooperation And Strengthening Relations Between Iraq And The United Kingdom
Tuesday 12 November 2024 17:03 | Politics Number of readings: 104 Baghdad / NINA / Speaker of the Council of Representatives Mahmoud Al-Mashhadani called for joint cooperation and strengthening relations between Iraq and the United Kingdom.
The media office of the Speaker of Parliament stated: "Al-Mashhadani met in his office today with the British Ambassador to Iraq, Stephen Hitchcock, and during the meeting, congratulations were offered on the occasion of his assumption of the position of Speaker of the Council of Representatives."
Al-Mashhadani discussed with the ambassador the developments in the region and the world that are of common interest.
Al-Mashhadani stressed the necessity of joint cooperation and strengthening bilateral relations in a way that achieves mutual benefit and common interests between Iraq and the United Kingdom.https://ninanews.com/Website/News/Details?key=1168652
Population Census In Iraq: Key To Economic Development And Social Justice
Posted on 2024-11-12 by sotaliraq Economic expert Taha Al-Janabi stressed the importance of conducting the population census in Iraq on time, noting that it is a vital step to ensure sound and sustainable planning in various economic and social fields.
He explained that “the population census is considered an essential tool for collecting accurate and comprehensive data on the population size and its geographical and demographic distribution, which contributes to improving the quality of public services and directing investments more efficiently.”
The economist said, “The data extracted from the population census provides an accurate knowledge base on population needs in different regions, which helps in directing government resources fairly.”
He added, “This data contributes to determining development priorities for areas with high population density, which may need more investments in infrastructure such as schools, hospitals and transportation.”
Al-Janabi pointed out that “the population census plays an important role in attracting investments, as investors rely on this data to determine target markets and available opportunities in each region, which contributes to stimulating economic growth and providing job opportunities.”
He also pointed out the importance of the census in supporting social support programmes, as it can be used to identify the groups most in need of financial and service assistance, which contributes to improving living standards in the poorest areas.
He stressed that “conducting the population census on time is an important element in sustaining economic growth in Iraq, and contributes to achieving sustainable development goals by providing strategic information that supports decision-making in economic policies and future planning.”
It is noteworthy that Iraq has not conducted a comprehensive population census since 1997, which makes conducting a census in the coming period a necessary step to develop future development policies and achieve economic stability. LINK
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