More News, Rumors and Opinions Monday PM 11-18-2024
DJ: DID YOU KNOW?
Where is the GCR? All the fires lit in Sept., Oct. and Nov. infatically stating the beginning of the GCR, going as far to exact days and even exact times of the day, when it was to begin. Common sense , at the time, would dictate we would see nothing dramatic happen leading up to the general election and most likely immediately following the election .
The transition of administrations in a presidential election creates a period of change and uncertainty, both domestically and internationally.
This process begins the day after the election, as votes are tallied, contested, or certified, and culminates with the inauguration of the next president on January 20th.
DJ: DID YOU KNOW?
Where is the GCR? All the fires lit in Sept., Oct. and Nov. infatically stating the beginning of the GCR, going as far to exact days and even exact times of the day, when it was to begin. Common sense , at the time, would dictate we would see nothing dramatic happen leading up to the general election and most likely immediately following the election .
The transition of administrations in a presidential election creates a period of change and uncertainty, both domestically and internationally.
This process begins the day after the election, as votes are tallied, contested, or certified, and culminates with the inauguration of the next president on January 20th.
The transition affects not only the political landscape but also has significant implications for markets, foreign governments, and the broader economy. During this time, financial markets experience volatility, reflecting investor reactions to perceived political stability or instability.
For example, equities markets might rally if the outcome suggests continuity of policies favorable to business, while sectors linked to anticipated regulatory changes could see sharp movements. Now throw a major change of global currencies in the batch of confusion.
After the winner is confirmed, the transition formally begins, with the incoming administration organizing a team to assume the responsibilities of governance including the selection of cabinet members. It can be assumed that a special agency will have to be established for the sole purpose of regulating the GCR.
Foreign governments closely monitor this phase, seeking signals about the new administration’s policy direction, particularly in areas like trade, defense, and international agreements. Their perception of the incoming leader’s capabilities and stance can influence diplomatic relations and geopolitical stability.
The economy often reacts to expectations of the new administration’s fiscal, monetary, and regulatory policies. Sectors like energy, healthcare, and finance may brace for changes depending on the president-elect’s agenda.
The uncertainty during transitions can lead to a cautious investment climate, with businesses holding off on major decisions until there’s clarity about tax policy, regulation, and spending initiatives. On the other hand, clear and decisive communication from the president-elect can stabilize markets by reducing speculation.
The outgoing administration’s cooperation is crucial in ensuring a seamless transition. This includes granting access to federal agencies, national security briefings, and the provision of budgetary details.. A well-managed transition, however, reassures both domestic and international stakeholders about the resilience of domestic institutions.
Overall, this period serves as a microcosm of the new administration’s governance style. The clarity, organization, and tone set during the transition not only impact domestic confidence but also shape international perceptions of the incoming leadership’s priorities and effectiveness.
Keeping in mind the GCR is a global event and will require the cooperation and participation of all the sovereign nations. They all will be on hold until they can confirm the U.S. (being the big dog in the fight) is stable and willing to pursue its role in the GCR.
That being said, regardless of any new rumors or predictions in the near future , logic says the GCR would not be able to begin until the new administration takes office and stabilizes. No one wants to build a house on shifting sand.
DJ
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani on TV saying his vision of the Iraqi dinar and he believes the Iraqi dinar will surpass the Kuwait dinar in value due to economic reforms and due to currency stability here in Iraq. And he spoke about our reserves...He talked about how Kuwait dinar was one of the strongest in the world but then he said the Iraqi dinar will pass it. FRANK: The Kuwait dinar is $3.25 right now and Sudani told the Iraqi citizens, I got your back. I told you I was going to give you value, purchasing power. [Post 1 of 2....stay tuned]
Frank26 [Iraq boots-on-the-ground report] FRANK CONTINUES: Sudani is so close to giving you what he promised you that he is now defining it even clearer. For him to point at the Kuwait value versus the Iraqi dinar value is to give you more monetary reform education so that you will understand how your currency is about to gain purchasing power internally and the real effective exchange rate externally. Sudani is on the edge of giving you what he promised you...your new exchange rate and your lower notes. [Post 2 of 2]
TNT:
Tishwash: Government reassurance about Iraq's 2025 budget and oil prices
The Iraqi government reassured about the price of a barrel of oil in Iraq’s budget for the fiscal year 2025.
During his hosting on the {Free Talk} program broadcast on Al-Furat satellite channel this evening, the Prime Minister's advisor, Subhan Mulla Jihad, considered that: "The three-year budget was approved based on the price of a barrel of Iraqi oil at $70, and the schedules change annually, and practically the government has surplus amounts to cover the rest of the year."
He added, "But if prices continue to decline in 2025, we may face some problems in the price of a barrel, which will be set at $60, and all indicators confirm that oil prices will not decline below that."
Mulla Jihad continued, "The House of Representatives has 20 days of legislative recess, and at the beginning of the new legislative session, the 2025 budget schedules will be sent by the government to be approved."
Regarding Al-Sudani's visit to Erbil, Mulla Jihad said, "Al-Sudani's visit to Erbil is very successful and was able to create a solid foundation for future relations," noting that "there is a problem in light of the chaos of previous governments between Baghdad and Erbil due to the failure to implement agreements and the high costs of oil companies contracting with the region as a result of wrong policies in the previous stage, and a satisfactory solution was reached with the region." link
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(BOND MARKET FLASHING A WARNING!) AS A BRIDGE TO THE "NEW SYSTEM" IS WELL UNDERWAY.
Greg Mannarino: 11-18-2024
Seeds of Wisdom RV and Economic Updates Monday Afternoon 11-18-24
Good Afternoon Dinar Recaps,
RLUSD IS HERE: RIPPLE’S OPERATIONALLY READY STABLECOIN UNVEILED
Ripple has just reached an important milestone, with its President Monica Long confirming that the company’s new stablecoin, RLUSD, is ready for use. This stablecoin is designed to complement Ripple’s main token, XRP, by offering a steadier and more reliable option for people in the crypto world.
Long shared this news during her appearance on The Scoop, where she explained how RLUSD could improve Ripple’s payment solutions. The idea behind RLUSD is simple: it gives users a way to trade tokenized U.S. dollars on the blockchain, helping them avoid the unpredictable volatility that is common in the crypto market.
Good Afternoon Dinar Recaps,
RLUSD IS HERE: RIPPLE’S OPERATIONALLY READY STABLECOIN UNVEILED
Ripple has just reached an important milestone, with its President Monica Long confirming that the company’s new stablecoin, RLUSD, is ready for use. This stablecoin is designed to complement Ripple’s main token, XRP, by offering a steadier and more reliable option for people in the crypto world.
Long shared this news during her appearance on The Scoop, where she explained how RLUSD could improve Ripple’s payment solutions. The idea behind RLUSD is simple: it gives users a way to trade tokenized U.S. dollars on the blockchain, helping them avoid the unpredictable volatility that is common in the crypto market.
fits into a larger shift in the crypto market. Long mentioned that countries in Latin America have shown a growing interest in stablecoins tied to the dollar.
Europe and Asia are also seen as areas for growth. Ripple plans to offer stablecoins not just in U.S. dollars but also in other currencies like the euro and Singapore dollar.
“Back from a fantastic week at Singapore FinTech Festival, on and off stage, everyone was talking about stablecoins,” Long shared on Twitter. She also pointed out that the increasing demand for reliable, USD-based stablecoins is what’s driving Ripple’s entry into this market.
Besides meeting market demand, Ripple also hopes to attract developers who can create decentralized apps on the XRP Ledger. By offering RLUSD on the XRP Ledger, Ripple is opening up new possibilities for the decentralized finance (DeFi) sector, offering a strong foundation for developers to innovate and grow.
Ripple has already processed over $70 billion in transactions using blockchain technology, showing the rising demand for its services. While XRP is designed for fast, high-volume transactions, RLUSD will serve users who need stability, especially in markets that value clear regulations and financial security.
Ripple’s RLUSD Regulatory Journey
Launching a stablecoin comes with a big challenge: following the rules set by regulators. Ripple is being careful with RLUSD, making sure it checks all the right boxes before it goes live.
The company has already started addressing concerns, like getting a license from New York’s Department of Financial Services (NYDFS) through its purchase of Standard Custody.
RLUSD will be fully backed by reserves, including short-term U.S. Treasury bonds, dollar deposits, and cash equivalents. Ripple has committed to monthly attestations of its reserves, which will be verified by the San Francisco-based accounting firm BPM. This transparency is crucial for gaining the trust of both regulators and users.
Ripple’s RLUSD will be fully supported by reserves, such as short-term U.S. Treasury bonds, dollar deposits, and cash-like assets. Ripple has promised to confirm the status of its reserves each month. An accounting firm from San Francisco, BPM, will verify these reports.
In a recent interview on CNBC’s Street Signs Asia, Long expressed confidence about the future of stablecoins. She highlighted their potential, especially for payments and cross-border transfers. Long believes the stablecoin market will continue to grow, with more coins tied to different fiat currencies.
@ Newshounds News™
Source: Crypto News Flash
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BLACKROCK’S BITCOIN ETF OPTIONS SET TO LAUNCH TOMORROW
Nasdaq prepareS for the launch of iBIT options, signaling a key milestone for Bitcoin ETFs.
▪️BlackRock's iShares Bitcoin Trust options will begin trading tomorrow.
▪️iBIT has $43 billion in AUM, with Bitcoin ETF trading volumes surging post-Trump’s election win.
BlackRock’s iShares Bitcoin Trust (IBIT) options are set to begin trading tomorrow, according to Alison Hennessy, head of ETP listings at Nasdaq.
In a statement today, the Options Clearing Corporation (OCC), the world’s largest equity derivatives clearing organization, confirmed its readiness to clear and settle options for spot Bitcoin ETFs, such as the BlackRock’s iShares Bitcoin Trust (iBIT).
The statement referenced key developments, including the SEC’s approval on September 20 to allow options trading for the iBIT Trust and the CFTC’s November 15 staff advisory on clearing options for spot commodity ETFs.
Following the announcement, Bloomberg Senior ETF Analyst Eric Balchunas stated it’s “a matter of when, not if.”
Hours later, Alison Hennessy, Nasdaq’s Head of ETP Listings, said on ETF IQ that iBIT options could be listed as soon as tomorrow.
BlackRock’s iShares Bitcoin Trust has already established itself as a major player in the crypto space since its launch in January.
The ETF has amassed $43 billion in assets under management (AUM) and holds nearly 472,000 Bitcoin, reflecting robust institutional demand.
This announcement comes as Bitcoin ETF trading volumes have surged, ranging between $3 billion and $7 billion throughout November.
The uptick coincides with Donald Trump’s victory as the 47th US president, following his widely expected reelection win on November 6.
This renewed optimism mirrors the early-year momentum seen during the launch of spot Bitcoin ETFs in January, when trading volumes ranged between $4 billion and $12 billion before declining in Q2 and Q3.
@ Newshounds News™
Source: Crypto Briefing
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GOLDMAN SACHS PREPARING TO LAUNCH ITS DIGITAL ASSETS PLATFORM: BLOOMBERG
According to a latest Bloomberg report, Goldman Sachs is preparing to launch a new company focused on its digital assets platform. It is speaking with potential partners as it plans to spin out its digital-assets platform into a new company for large financial firms to create, trade and settle financial instruments through blockchain technology.
Spin Out In 12-18 Months
While the Plans for the new company are in the early stages, but the long-term goal is to execute the spin-out within the next 12 to 18 months, subject to regulatory approvals, noted Mathew McDermott, Goldman’s global head of Digital Assets.
“It’s in the best interest of the market to have something that is industry-owned,” he stated. Electronic trading platform Tradeweb Markets Inc. is its first strategic partner that will work with Goldman to bring new commercial use cases to the digital assets platform. This reflects a growing trend among large institutions to integrate blockchain technology into traditional financial systems.
Goldman’s move mirrors a broader industry trend, where major financial institutions and governments are embracing blockchain technology to enhance the efficiency of traditional asset trading and settlement processes.
In another initiative, Goldman is looking to support secondary transactions in private digital asset companies for its clients. This could make it easier for family offices and other clients looking for liquidity while also allowing buyers to take advantage of private market discounts. The firm also noted that it is preparing to resume its Bitcoin-backed lending activities.
“If you are trying to build out a scalable marketplace, you want to have the right strategic participants embracing this technology,” McDermott said. “You want a number that is nimble enough to operate, driven by the commercial use cases.”
Goldman Sachs Bullish On Bitcoin
Goldman has maintained a bullish stance on Bitcoin throughout the year. In a Nov. 14 filing with the SEC, Goldman Sachs reported about $718 million in holdings in eight Bitcoin ETFs. It has added $300 million to its Bitcoin ETF portfolio since the second quarter, marking a 71% increase. It has also planned to launch three tokenization projects by the end of this year.
@ Newshounds News™
Source: Coinpedia
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🌱 THE TRUTH ABOUT THE FRINGE ON THE U.S. FLAG | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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6 Types Of People US Retirees Should Absolutely Not Trust
6 Types Of People US Retirees Should Absolutely Not Trust
Here Are 6 Types Of People US Retirees Should Absolutely Not Trust — how many have you let into your life?
Christy Bieber Sun, November 17, 2024 Moneywise
As a retiree, you’ll need your money to last for the rest of your life. You should fill your hours with people who bring you joy — and you must protect your finances by avoiding those who could undermine your financial security.
Unfortunately, problematic people can hurt both your mental health and your long-term prosperity, so it's critical to be cautious about who you spend time with.
6 Types Of People US Retirees Should Absolutely Not Trust
Here Are 6 Types Of People US Retirees Should Absolutely Not Trust — how many have you let into your life?
Christy Bieber Sun, November 17, 2024 Moneywise
As a retiree, you’ll need your money to last for the rest of your life. You should fill your hours with people who bring you joy — and you must protect your finances by avoiding those who could undermine your financial security.
Unfortunately, problematic people can hurt both your mental health and your long-term prosperity, so it's critical to be cautious about who you spend time with.
To protect yourself, always avoid these six types of people.
1. Pushy Salespeople
Two in five Americans responding to an Ipsos survey said they’ve experienced buyer’s remorse after purchasing something they later regretted. While this can happen to shoppers of all ages, a bad buy can be even more damaging for retirees on a fixed income.
Unfortunately, pushy salespeople often target the elderly because they believe it’s easy to separate them from their money. Aggressive salespeople exist everywhere, but it's important to be especially careful not to be talked into specific purchases. For example, according to the AARP, many seniors regret buying boats, RVs, fancy cars and timeshares.
2. Overly Negative People
Retirement is a time when many are looking for a new sense of purpose, but it can be a struggle. In fact, one study found that self-reported depression increases by 40% in the first years of retirement.
Surrounding yourself with negative people won't help your mental health. In fact, negative individuals could destroy your enthusiasm and initiative. They may even prompt you to make poor financial choices, such as passing up on a good investment because they're convinced it’ll go bad.
Read more: Economists weigh in on Donald Trump's pitch to eliminate Social Security taxes for seniors — here's how to bolster your retirement fund now
3. Manipulators
Tragically, many people try to manipulate retirees. This can include people they know or strangers who should be in a position of trust, such as shady financial advisers or insurance salespeople.
Americans 60 and over lost $3.4 billion to various scams in 2023, according to an ABC News report. If you don't want to be one of those victims, steer clear of anyone who tries to control your thoughts and actions. You can spot a manipulator by watching for signs like withholding the truth or trying to induce guilt.
To Read More: https://www.yahoo.com/finance/news/6-types-people-us-retirees-110200983.html
Ariel: Important Read Regarding the ZIM, ZWD, or ZIG
Ariel: Important Read Regarding the ZIM, ZWD, or ZIG
11-17-2024
I want to address a statement made by Goldilocks regarding the Zim-Bond known as ZWD which many of you hold. The image you see below was from a NDA agreement that only select few had the privilege of even signing. Which I give all credit to my friend Sean. Who was my AIF-Accredited Investment Fiduciary which is required designated signature for a certified financial advisor. Fi360, formerly known as the Center for Fiduciary Studies, administers the AIF designation.
What are the requirements to earn an AIF title?
Ariel: Important Read Regarding the ZIM, ZWD, or ZIG
11-17-2024
I want to address a statement made by Goldilocks regarding the Zim-Bond known as ZWD which many of you hold. The image you see below was from a NDA agreement that only select few had the privilege of even signing. Which I give all credit to my friend Sean. Who was my AIF-Accredited Investment Fiduciary which is required designated signature for a certified financial advisor. Fi360, formerly known as the Center for Fiduciary Studies, administers the AIF designation.
What are the requirements to earn an AIF title?
• Meet minimum experience requirements
• Earn a bachelor’s degree or higher, or obtain a professional credential
• Complete PPC training
• Pass the AIF exam
• Meet the Code of Ethics and Conduct Standards
• Submit an application and pay dues
I want to show you all in a formal manner that this is an extremely rare occurrence regarding the acquisition of the NDA where gaining access to specified parties that would issue one out to you is under very limited opportunities depending upon who you know and what you know. Which has nothing to do with the broader general public at large who does not need one in order to exchange their currency.
One of my followers reached out to me about a comment Goldilocks made about the Zim-Bonds that most hold in Dinarland. And it struck me as very odd when she told me that your Zim currency will not only be in the 1st basket but will not be honored at all. Which was a daring remark to say given that Zimbabwe has not written any policy outlining any of this in any official capacity. A few reasons below behind the why.
Zimbabwe has not been effectively participating in the forex market due to its currency’s instability and lack of international trust, primarily stemming from these reasons below.
-The Zimbabwean dollar experienced extreme hyperinflation, making it virtually worthless.
-The local currency was abandoned in 2009 in favor of foreign currencies like the USD due to economic collapse.
-Post-2009, Zimbabwe operated on a multi-currency system, reducing the need for a forex market for its local currency.
-The reintroduction of a local currency (Zim dollar in 2019 and ZiG in 2024) hasn’t restored international confidence due to ongoing economic issues and policy inconsistencies.
-International sanctions and economic policies have further isolated Zimbabwe from global financial markets.
But now since they have launched the Zig in April 2024 is their 1st chance to rejoin the international markets. Which is a plus all the way around for their country and those holding Zim-Bonds/ZWD. Because when you look at my NDA below the ZWD that most of you hold was already being honored behind the scenes just like the Iraqi Dinar was for most in the military who have been exchanging for years.
This is one primary reason Zimbabwe never wrote any policy in their country denouncing any possibility that your Zim-Bond will not be honored because how when the contracts to do so already exist that I and a small few of other people actually have. Does that make any sense to you? The reason Zimbabwe is in this muddy grey area is because they want to see how the Zig is going to perform which is backed by gold on the Forex market. This will be the determining factor to honoring your Zim-Bonds.
I guarantee you will not find any current policy in Zimbabwe supporting anything Goldilocks has said regarding the currency not being honored. Because even Zimbabwe is not clear on that simply because they are waiting on how the ZIG is going to perform.
Why do you think the ZIG is only going to be used in-country? This is to give their economy the much needed stability. Which is why I told everyone Iraqi Dinar will go 1st. Now given the current status I can understand why some may assume it may not be in the 1st basket due to the current economy.
That’s oK. We now know what they are trying to do with the ZIG. Which Will make everything clear once they let it loose on the Forex. We will not be using the Zig. We do not need to. It’s only a gauge meter for everything else we are waiting for involving our Zim-Bond.
Because what does it say on it?
“I Promise To Pay Bearer On Demand” correct? What do you think that means?
“I Promise To Pay Bearer On Demand” (Look At Your Note)
The historical context of this is this. It’s a remnant of when currencies were often backed by gold or other assets, promising the bearer that they could exchange the note for its face value in gold or another standard currency at any time. People, what did Zimbabwe do already? Support their currency with gold correct?
Are you starting to get it now?
This is why Zimbabwe never wrote any policy in their country to prohibit you from getting your potential ROI.
This phrase legally positions the bond note as an obligation by the issuer (the Reserve Bank of Zimbabwe) to pay the holder the stated amount, theoretically at any time.
Do your homework on this. Because this is why I am blocked by platforms that dud not want to address my inquiries.
And a few others you do not know about.
Ariel: This is still true by the way. Leave the NDAs alone. You do not need one. The gurus never signed one. So their advice about it is null/void. Period.
BadBagger: Why are you on social media telling everyone you are the only one with an NDA? Anytime you work with an entity that deals in private information that cannot be shared publicly you would be required to sign an NDA. Working in the financial sector for over 30 years you sign NDAs
Ariel: Because I am on social media telling you emphatically and logically that the NDA that I signed years ago will never be seen by 99% of people in Dinarland regarding foreign currency and the figures involved specifically with the Zimbabwe Bonds that gurus claim the general public has to sign.
We are not talking about some generic corporate NDA that doesn’t involve anyone acquiring 6 figure payouts and beyond that you are referring to that only has to do with prohibitions of leaking info outside the bylines in that contract that is absent of any profit yielding investment that has an ROI that would maintain you for the next 50 lifetimes.
Any other questions?
Source(s):
https://x.com/Prolotario1/status/1858149530853650862
https://x.com/Prolotario1/status/1858152025667608786
https://x.com/Prolotario1/status/1858125772977778833
Ariel (@Prolotario1): 4 Things you Can do Once the ZIG Hits Forex
𝙃𝙚𝙧𝙚 𝘼𝙧𝙚 𝙁𝙤𝙪𝙧 𝙏𝙝𝙞𝙣𝙜𝙨 𝙔𝙤𝙪 𝘾𝙖𝙣 𝘿𝙤 𝙊𝙣𝙘𝙚 𝙏𝙝𝙚 𝙕𝙄𝙂 𝙃𝙞𝙩𝙨 𝙏𝙝𝙚 𝙁𝙤𝙧𝙚𝙭:
1. Follow News: Keep an eye on financial news outlets focused on African and global economics. Websites like Reuters, Bloomberg, or even local Zimbabwean financial news can provide updates.
2. Official Announcements: Monitor statements from the Reserve Bank of Zimbabwe (RBZ) or the Zimbabwean government. They might announce policies regarding old bonds and notes if the ZiG stabilizes and gains international credibility.
3. Legal Status: Research the current legal status of the bond notes. See if there has been any legislation or policy change regarding their redemption or conversion into the new currency.
4. Forex Market: Watch how the ZiG performs on forex platforms. If it gains stability and acceptance, this could influence the value of any potential conversion or redemption of bond notes.
Simple. Basic. And logical. Do just as you were doing with the Iraqi Dinar.
Are we clear?
Source(s):
https://x.com/Prolotario1/status/1858176773189521632
Ariel: We are but a hair’s away from cashing in.
Ariel: We are but a hair’s away from cashing in.
𝙃𝙤𝙩 𝙊𝙛𝙛 𝙏𝙝𝙚 𝙋𝙧𝙚𝙨𝙨…
What did I tell you all?
Did you order Iranian Rials like I suggest?
Did you buy Vietnam Dong like I suggested?
Did you buy Zimbabwe notes like I suggested?
Because you are but a hair’s away from cashing in.
Ariel: We are but a hair’s away from cashing in.
𝙃𝙤𝙩 𝙊𝙛𝙛 𝙏𝙝𝙚 𝙋𝙧𝙚𝙨𝙨…
What did I tell you all?
Did you order Iranian Rials like I suggest?
Did you buy Vietnam Dong like I suggested?
Did you buy Zimbabwe notes like I suggested?
Because you are but a hair’s away from cashing in.
Many people are going to have a hard time sleeping tonight.
Because regarding if it pops up tomorrow you will not know how to get comfortable simply because it looks like it’s already on there based on the chart below.
Incentive
Incentive
Incentive
People if this chart doesn’t convince you that things are moving I do not know what will. Because as I said before the Dinar goes 1st. Once that is released its game on for the rest of the 1st basket currencies. This shouldn’t even be on here.
Source(s):
https://x.com/Prolotario1/status/1857995856634347938
https://x.com/Prolotario1/status/1858003969273909361
https://dinarchronicles.com/2024/11/17/ariel-prolotario1-we-are-but-a-hairs-away-from-cashing-in/
“Coffee With MarkZ” Monday Morning Chat 11-18-2024
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 morning everyone. hope your weekend was good!
Member: Please let this be our week!!
Member: will we have Christmas before Thanksgiving this year?
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 morning everyone. hope your weekend was good!
Member: Please let this be our week!!
Member: will we have Christmas before Thanksgiving this year?
MZ: I think we could…. it would be tight…..but we could make it . I am heading back to Puerto Rica right after we finish this podcast. Zester will be hosing the show tonight.
Member: All I want for Thanksgiving is an RV.. and not the one with wheels!
Mark, what do you make of the VND’s tease this weekend? $.39 cents???
MZ: I think it was a lovely tease and tells us how close we are.
Member: rates on the dong seem lower than previously estimated, Do you think VND will be .39 for us?
MZ: I still think rates will be higher than .39 cents….but I could live it. Just think we spent about $50 bucks for a million dong…..If it RVs at .39 cents that is a ROI of $390,000.00 per 1 million dong….who is going to complain about that? Turning $50 bucks into $390 thousand.
Member: Maybe they're priming the pump…Im hoping for at least a 1 to 1.
MZ: I am still hear a rate of low $2+
Member: I Found a million dong at a flea market for 2 dollars this weekend. Woot win
Member: Mark, isn't it an insanely good sign that the Rupiah, Rial, and Dong had visible rates to us plebains? I wonder why we see it on some sites and not on forex/others?
MZ: It’s an extremely good sign…and I have had some feedback from some in high levels who say “Foreign officials in Iraq have confirmed that yesterday’s test rates (Referring to Saturdays test rates popping up on dinar and dong) are 100% legit. “ I am starting to get excited.
MZ: is it showing on some exchanges? Yes. Is it fully released? No So it is showing there but not compete yet.
Member: Nader says the IQD is on forex. He said that the dinar is on forex and soon we can buy and sell in Banks
Member: What were the test rates they saw?
MZ:one of them was $.39 cents for dong and most saw rates of upper $3’s to lower $4’s on dinar.
Member: We are hearing that the Bolivar will be about .30.
Member: I am just ready to turn in my foreign currencies no matter the exchange price.
Member: Rates don't really matter if they wont release them so we can exchange... IMO
MZ: In Iraq: “ Al Sayoud : A gathering of generations and political blocs will adopt a project from which a national government will emerge capable of crossing the country to safety” If you follow the theme of the articles in Iraq this weekend. They are making all the necessary moves to move into a new era in Iraq…..They are talking about how great and hopeful it is.
MZ: Then there is a great discussion in Iraq about “The Deletion of zeros and the evaluation of the dinar” He talks about how the delete the zeros works and how it can increase the value!!!. Here is an example they used to try to keep it really simple
MZ: For example, suppose a foreign government has set 10 units of its currency to equal one US dollar. To revalue its currency, the government might change the rate to 5 units per dollar, making its currency twice as expensive when valued in US dollars as it was before. If the above-mentioned currency revaluation occurs, any assets held by a U.S. corporation in the foreign economy must be revalued. If the value of the asset held in a foreign currency was previously valued at $100,000 based on the old exchange rate, the revaluation requires a change of $200,000. This change reflects the new value of the foreign asset in the local currency by adjusting the revaluation of the relevant currency.
MZ: the project to delete the zeros is to raise the value. Thus needing lower denomination bills. They are spelling it out for us.
MZ: “Controversial laws in 2025 budget schedules await resolution” they are taking advangtage of the extended parliamentary session to finish these.
MZ: “Kurdistan Prepares for curfew on census days and reveals those excluded from it” there are a lot of people telling us the census had to be done before they pull the trigger. Well, they are doing the census so we can check that box off. They are about to close everything down for 2 days. And everyone is staying home to get counted.
MZ: Lots of expectations and possibilities for this week …..Stay calm. We are seeing an overwhelming amount of evidence this week.
Member: I can't stay calm Mark Too excited for this week!
Member: I am calmly excited!
MZ: No updates from bond guys yet this morning. It’s too early in the day for banking to start on the west coast.
Member: I see metals are recovering.....spot gold up 40 bucks....XLM at .24
Member: any word on if we’re going to have to pay taxes when this happens?
Member: I say plan for the worst and hope for the best.
Member: MarkZ question is there anything else on your checklist that you’re still waiting to see before this thing gets the green light?????
Member: Mark what else absolutely has to be DONE in Iraq for this rv to actually go?
Member: If i hear soon or close or next week again im going to go crazy lol
Member: if this thing moved any slower, it would be going in reverse
Member: Wouldn't we have to wait until debt jubilee across the world happens, before the RV???
MZ: They should happen at the same time….That is how it was explained to me.
Member: I still think we will have to wait until after the inauguration on Jan 20
Member: What if the private groups go now and first for the RV….and the public goes after Jan 20 with the reset? Just a thought.
Member: if the entire system crashes….it has to all go ASAP…..so we just watch it .
MZ: Zester is running the evening podcast.
Member: Thanks Mark and Mods. Have a safe trip today Mark.
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 Monday AM 11-18-24
Delete Zeros And Evaluate The Dinar
Economic 11/18/2024 In a newspaper column a while ago, we explained the concept of deleting zeros, and today we are talking about the concept of currency revaluation, which means a calculated upward adjustment of a country’s official exchange rate relative to a chosen baseline, which can include (wage rates, the price of gold, or a specific foreign currency), and revaluation is the opposite of devaluation.
In a fixed exchange rate system (the system followed by Iraq), only a decision from the state (the central bank) can change the official value of the currency, and developing economies are likely to use a fixed exchange rate system in order to limit speculation and provide a stable monetary system in the country.
Delete Zeros And Evaluate The Dinar
Economic 11/18/2024 In a newspaper column a while ago, we explained the concept of deleting zeros, and today we are talking about the concept of currency revaluation, which means a calculated upward adjustment of a country’s official exchange rate relative to a chosen baseline, which can include (wage rates, the price of gold, or a specific foreign currency), and revaluation is the opposite of devaluation.
In a fixed exchange rate system (the system followed by Iraq), only a decision from the state (the central bank) can change the official value of the currency, and developing economies are likely to use a fixed exchange rate system in order to limit speculation and provide a stable monetary system in the country.
In a flexible exchange rate system, revaluation occurs on a regular basis, as evidenced by the noticeable fluctuations in the foreign exchange market and the associated exchange rates.
For example, the United States maintained a fixed exchange rate until 1973, when President Richard Nixon decided to abandon the gold standard and switch to a flexible exchange rate system.
As for China, despite having an advanced economy, its currency remained fixed until 1994, before the Chinese government revalued its currency in 2005, which was linked to the US dollar. After the revaluation, it was linked to a basket of global currencies.
The decision to revalue a domestic currency affects the economy as a whole, as it affects both the currency being examined and the valuation of assets held by foreign companies in that particular currency.
Since revaluation has the potential to change the exchange rate between two countries and their currencies, the book values of assets held abroad may have to be adjusted to reflect the effect of the change in the exchange rate.
For example, suppose a foreign government has set 10 units of its currency to equal one US dollar. To revalue its currency, the government might change the rate to 5 units per dollar, making its currency twice as expensive when valued in US dollars as it was before.
If the above-mentioned currency revaluation occurs, any assets held by a U.S. corporation in the foreign economy must be revalued.
If the value of the asset held in a foreign currency was previously valued at $100,000 based on the old exchange rate, the revaluation requires a change of $200,000.
This change reflects the new value of the foreign asset in the local currency by adjusting the revaluation of the relevant currency.
Another example is what the Iraqi government did in 2023 when it raised the value of the Iraqi dinar from 1450 dinars/dollar to 1300 dinars/dollar. https://alsabaah.iq/106053-.html
Dollar Prices In Iraqi Markets
Economy 2024-11-18 | 1,111 views Sumerian News – Economy Publishes Sumerian News, exchange rates Dollar Today, Monday, November 18, 2024, in the stock exchanges Baghdad Basra and Erbil. Below is a list of prices:
Baghdad: Selling price: 150,750 Buying price: 150,000
Erbil: Selling price: 150,800 Buying price: 150,150
Basra: Selling price: 150,500 Buying price: 149,750
Note that the price Official From the Central Bank, it is: 132,000 thousand dinars for each $100 denomination. LINK
Iraq Rejects “COP29” Proposal: We Will Not Get Rid Of Fossil Fuels, As They Are The Basis Of Our Economy
Energy Economy News – Baghdad The head of the Parliamentary Health Committee, Majid Shankali, confirmed that Iraq rejects the idea of getting rid of fossil fuels, which was a prominent title at the “COP29” climate conference, explaining that the Iraqi economy depends mainly on fossil fuels, pointing to Iraq’s strong role in the conference, especially since it will chair the “G7 Plus” summit with China in the next session.
Global voices and demands are rising to gradually eliminate fossil fuel operations and oil and gas projects in oil-producing countries, due to the pollution they cause, and replace them with alternative energy sources such as (solar - wind - water - thermal)
In a statement to the official agency, followed by "Al-Iqtisad News", Shankali said, "The participation of the parliamentary delegation in the COP29 conference came to follow up on the work of the negotiating delegation and keep pace with the latest developments in the conference,"
indicating that "the climate conference focused on important issues, most notably the gradual elimination of fossil fuels, which is one of the main pillars of the Iraqi economy, which we completely reject."
Shankali continued, “There is a proposal from Azerbaijan to support developing countries by oil countries, but this proposal was rejected, because most of the oil-producing countries are themselves developing countries.”
He pointed out that "the active political presence of the President of the Republic, undersecretaries of ministries and executive bodies, in addition to the legislative support of the Iraqi Parliament, strengthens Iraq's position in these conferences, especially since it will assume the presidency of the G7 Plus summit with China in the next session." https://economy-news.net/content.php?id=49961
A Source Reviews The Factors That "Undermine" The Goals.. What Is Behind The Efforts To Form The "Central Gas" Company?
Policy 2024-11-18 | 909 views Sumerian News-Politics An oil source recorded several observations today, Monday, on the efforts to establish the "Middle Gas Company", considering that establishing this The company It is useless and his motives are to find a new outlet for positions.
Documents I reviewed showed Sumerian News, Member Submission Committee Oil and Gas Parliamentary Haibat Al-Halbousi requested prime minister Last July, the Central Gas Company was established based on the fifth and sixth licensing rounds and what Anbar will witness in terms of developing exploratory areas amounting to 9 gas areas.
In addition to another letter from the Minister of Oil, Hayan Abdul Ghani, which includes a study and recommendation to establish the Central Gas Company, similar to the Gas Company.
North And the Southern Gas, and is responsible for the exploration and development operations of the gas formations in Baghdad Anbar, Diyala, Wasit, Karbala, Najaf, Babil, and Diwaniyah.
But Source The informed oil expert, who spoke to Sumaria News, refusing to reveal his identity for reasons related to his work, said, “The mentioned number of exploration blocks is exaggerated and does not amount to 9 blocks in Anbar, but rather one block that was referred to a company that is not specialized in exploration and development. In fact, Anbar only includes the Akkas field, which was referred to a fictitious company,” he said.
He consideredSource“Managing a single field or a field with an exploration area does not require the establishment of a new company in the presence of the Central Oil Company, for several reasons, including technical reasons, as it is not possible to provide the necessary cadres to manage...
The company From Anbar Governorate, it is impossible for the cadres to move from North or South" To live in Anbar Governorate in the current situation, as evidenced by the fact that all the workers in the Akkas field currently are from Anbar and are only recent graduates who do not have any technical experience."
He added that "the current volume of work does not rise to the level of establishing a formation larger than a department, in addition to financial reasons, as establishing a company requires establishing very many financial grades and providing very large financial allocations to cover salaries and allowances that we do not need at the present time in light of the financial crisis and job slack and the presence of the Central Oil Company, which is doing its duty to work without the need to expand job grades."
In addition, there are administrative reasons according to Source He pointed out that "establishing a new company will increase the burden on the ministry in following up on work due to the dispersion of the source of information instead of concentrating it in one source."
He considered that linking the establishment of this The company Similar to the organizational and administrative structure of the two gas companies South And the north, this is not possible, because the gas company South It receives associated gas produced from the Basra fields, all of which are located within one geographical area, as is the case for gas North “Which receives gas from the Kirkuk fields, which are located in one geographical area,”
he added. “As for the central oil fields, they are distributed across 8 governorates, and it is not possible in any way to link all of these fields due to the vast geographical areas in which they are located,” noting that “the scope of work of the two gas companies is North
The south is for processing and manufacturing associated gas to obtain secondary products such as liquid gas, sulfur, dry gas, etc. (i.e. they are considered central processing stations) and they are not responsible for extracting gas, as it is the responsibility of extraction companies.
He explained that “in the central oil, the gas is completely processed in the fields of Al-Ahdab, Badra, and Sharq.BaghdadThe Akkas and Mansouriya projects also include treatment stations (meaning that treatment is carried out on-site in each field and according to modern international specifications), so there is no additional untreated gas to be sent to a new company for treatment purposes.”
He considered that “what was stated in the letter of the Ministry of Oil that the quantity to be invested by thisThe companyThe figure of 3,500 million cubic feet is a number that must be reviewed by the specialized departments in the ministry, as it is very far from the truth and it is impossible to have such numbers to be provided to this.
The company"New," considering that "what was mentioned above shows that there are no technical, financial, or administrative goals that require the establishment of a new gas company, but rather the goal is a political goal, perhaps for the purpose of exploiting positions and job grades," he said. LINK
light Decrease In Dollar Exchange Rates In Local Markets
Monday 18 November 2024 10:56 | Economic Number of readings: 95 Baghdad / NINA / The dollar exchange rates recorded a slight decrease today, Monday, in the local markets in the capital, Baghdad, Basra and Erbil. The exchange rates today were as follows: $100 = 150.750 dinars in Baghdad $100 = 150.800 dinars in Erbil $100 = 150.500 dinars in Basra.
Seeds of Wisdom RV and Economic Updates Monday Morning 11-18-24
Good Morning Dinar Recaps,
BRICS COUNTRIES ARE REJECTING DE-DOLLARIZATION
The BRICS alliance was hellbent on kick-starting the de-dollarization agenda until the 16th summit in Russia’s Kazan region. Things have now taken a U-turn as the bloc members are slowly backtracking on the initiative.
The US dollar was seen as the main villain of the global economy where local currencies were kept at its mercy.
The agenda to break free from the clutches of the US dollar ignited the de-dollarization process started by the BRICS bloc.
Good Morning Dinar Recaps,
BRICS COUNTRIES ARE REJECTING DE-DOLLARIZATION
The BRICS alliance was hellbent on kick-starting the de-dollarization agenda until the 16th summit in Russia’s Kazan region. Things have now taken a U-turn as the bloc members are slowly backtracking on the initiative.
The US dollar was seen as the main villain of the global economy where local currencies were kept at its mercy.
The agenda to break free from the clutches of the US dollar ignited the de-dollarization process started by the BRICS bloc.
After Trump reclaimed the White House, talks about using the US dollar for trade are growing among member nations. Trump vowed to introduce a 100% tariff on all goods coming into the US for countries that denounce the USD.
If the tariff comes into effect, the financial discrepancies could hit the BRICS alliance harder than thought. Their import and export sector will take the first hit leading to losses by paying up extra in taxes. This could make BRICS rethink their strategies as de-dollarization could only harm their native economies.
BRICS Slowly Backtracking on De-Dollarization
BRICS member India was the first to publicly reject the de-dollarization agenda kick-started by the bloc. The Foreign Minister of India, S. Jaishankar confirmed that the country is not interested in the de-dollarization process.
He revealed that India will use local currencies only when the option to not settle trade in the US dollar arises. “We have never actively targeted the US dollar. That’s not part of our economic, political, or strategic policy,” he said.
In addition, BRICS member Russia is also slowly backtracking on the de-dollarization process after Trump’s victory. Putin called the USD a “pillar of US power.”
He added, “Our proposals are not aimed against [the] dollar. This is simply us rising to the challenge of modern times, in response towards the development of the economy we are thinking.”
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
BLACKROCK RECEIVES LICENSE TO OPERATE IN ABU DHABI
BlackRock has secured a license in Abu Dhabi, focusing on AI and private markets while expanding its presence in the UAE’s crypto-friendly ecosystem.
BlackRock, the multinational investment firm and spot Bitcoin exchange-traded fund (ETF) issuer, received a commercial license to operate in Abu Dhabi, the capital of the United Arab Emirates.
According to Bloomberg, the approval granted on Nov. 18 reflects BlackRock’s interest in expanding in the crypto-friendly region.
The company is also seeking a license to operate in the Abu Dhabi Global Market (ADGM), an international financial hub in Abu Dhabi, home to crypto companies like Blockdaemon, M2 and Laser Digital.
BlackRock to focus on AI infrastructure in Abu Dhabi
Despite the UAE being a popular crypto hub, the report did not mention digital assets. BlackRock’s Middle East head, Charles Hatami, said in a statement to Bloomberg that the company will focus on private markets and artificial intelligence infrastructure.
The move aligns with broader AI investments in Abu Dhabi. On April 16, Microsoft announced that it had invested $1.6 billion in an Abu Dhabi-based AI tech holding company called G42. The technology conglomerate said that the investment aims to push AI development in the region and globally.
On Sept. 17, Microsoft also announced that it would be establishing two AI centers in Abu Dhabi as part of its global AI expansion. One center would support AI projects to solve “key societal goals,” while the other would develop industry standards for responsible AI use.
BlackRock has yet to provide further details on its plans for the UAE beyond obtaining a license to operate in the region.
Crypto-friendly investment fund lays roots in a digital asset hub
Hatami said Abu Dhabi has become a “global financial center.” He also praised the region’s government for being proactive and committed. The executive stated:
“Its strategic location, proactive government policies, and commitment to sustainable growth make it an ideal location for capital markets.”
BlackRock issues the iShares Bitcoin Trust ETF, which gives United States-based investors exposure to Bitcoin. On Nov. 8, the spot Bitcoin ETF surpassed $33 billion in net assets, exceeding its iShares Gold Trust ETF, which gives investors exposure to gold.
The UAE continues to establish itself as a leader in digital finance. On Aug. 30, the country ranked third in a crypto adoption index released by Henley & Partners, an investment migration consultancy firm.
@ Newshounds News™
Source: CoinTelegraph
~~~~~~~~~
🌱JUDICIAL NAME - LEGAL NAME - MAINTAINING SOVEREIGNTY #CONSTITUTION #SOVEREIGNTY | Youtube
Do you know how to sign your name? Mason explains it!
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
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Thank you Dinar Recaps
News, Rumors and Opinions Monday AM 11-18-2024
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 Mon. 18 Nov. 2024
Compiled Mon. 18 Nov. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Sat. 16 Nov. 2024 Wolverine: “I’ve had a lot of very positive messages come in that it has either started or was about to start. The Med Beds are coming this week. A Whale received his blessing and it was so emotional for him that he had a heart attack.”
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 Mon. 18 Nov. 2024
Compiled Mon. 18 Nov. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Sat. 16 Nov. 2024 Wolverine: “I’ve had a lot of very positive messages come in that it has either started or was about to start. The Med Beds are coming this week. A Whale received his blessing and it was so emotional for him that he had a heart attack.”
Wolverine Cont…..Tier 4A (Admirals Group) notified on Saturday 16 Nov. with access to funds on Monday 18 Nov. 2024.
Everything triggered Sat. night 16 Nov. (allegedly)
Tier 4B and Tier 3 Bond Sellers to be (allegedly) notified on Monday morning before Noon 18 Nov. 2024. We may start Monday afternoon, otherwise Tuesday morning 19 Nov. 2024.
No more delays, this is the last Call. Christmas before Thanksgiving!
~~~~~~~~~~
Thurs. 14 Nov. 2024 Bruce: (Rumors)
Your R&R monies will already be in your Quantum Account that you will activate when you do your exchange.
You will have a new email account set up at the Redemption Center.
Your Quantum Card will only be used to transfer funds from your Quantum Account to your Master bank account with Wells. You can transfer to other banks from there.
A source at Social Security reported that Social Security increases are not going to be in October, but will be in the month of November. You will get your added payment (a 80% to 100% increase from what you are presently receiving) a week after you get your regular payment.
Bond Holders have been told they will receive their emails Thurs, Fri or Sat that would inform them of when they will have access to their accounts – which will likely be on Tues. 19 Nov.
They are rolling out the toll free numbers to Tier4b (us, the Internet Group) likely by Mon. 18 Nov. and we will be able to set appointments on Tues. 19 Nov.
BRICS are intending to bring out their Reserve Currency on Tues. 19 Nov.
~~~~~~~~~~~
Ginger: “Protecting my contacts, while I’m not permitted to explain the exact details, I’ll just tell you I’ve verified the most encouraging and LEGIT news for Tier 1 through Tier 4A / Bond holders that I’ve ever heard from my REAL People contacts on Wednesday. It took several hours to vet the details after work, so I’m reporting this, with extreme CONFIDENCE”.
Thurs. 14 Nov. 2024 Tony (forward from Fred Koch): Tony said Monday 18 Nov. 2024 was to be our day. So we were left with a timeframe (3 days) and an assurance on Bolivar (Soberano) exchange rate of 30 cents/Soberano or $30 million/100 Digitale (100 million Soberano).
Thurs. 14 Nov. 2024 RV Highlights on Telegram: “We are almost there and it is always quiet before the storm. The levels above us will start on Fri. 15 Nov. 2024. There are over 7,000 regional call centers which will set your appointments. Those who do not get notified by email can find the information on the Web. It will be easily available. In Iraq their Victory Day is Dec. 10. We will go before the end of the month”.
On October 15, 2024, the White Hats Launched Asset-backed Digital Currencies in Several Strategic Nations, Erasing Trillions in Debt, Destroying the Deep State’s CBDC Rollout & Ending Central Banks’ Debt Security
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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/2024/11/18/restored-republic-via-a-gcr-update-as-of-november-18-2024/
*************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat “PRIME MINISTER: WE ADHERED TO THE GOAL OF COMPLETING THE GREATER FAW AS THE GATEWAY TO GREATER IRAQ”. He explained that “this project has actually entered into the knots and paths of global trade and transport routes, which pass through the Middle East region, which has great strategic importance for global trade.” ...I usually try to pick out the most important article of all for the news period. This article tops them all today and all I can say is WOW! WOW! WOW!.. Iraq must now put on it’s BIG BOY pants and be the economic super giant it is destined to be. They are doing it right in front of our noses.
Frank26 Dr. Shabibi was looking for...the start of a year or at the start of a quarter. That's why November and December to me is the time frame to show and reveal everything in the manner that Sudani just did...By confessing to Iraqi citizens that your currency is going to be so powerful very soon and then compares your currency to Kuwait...? ...All of these things Sudani has ever dreamed about giving Iraqi citizens is now in his hands. He has the power...Sudani is trying to tell you get ready with our banks!
Gold Experts Answer Your Biggest Questions - Ultimate Gold Roundtable
Commodity Culture: 11-17-2024
Andy Schectman, Alasdair Macleod and Steve Hanke answer the biggest questions in the gold sector submitted by Commodity Culture viewers.
The trio cover everything from getting the best price when selling your gold bullion, to how to buy assets using gold in the event of a collapse of the fiat system, and everything in between.
00:00 Introduction
00:40 Project mBridge
07:17 Most Ominous Bubble
09:58 Selling Precious Metals
17:47 2% Inflation Target
24:35 Buying Property With Gold
29:01 Bank Runs
32:52 Gold Revaluation
“Tidbits From TNT” Monday Morning 11-18-2024
TNT:
Tishwash: Delete zeros and evaluate the dinar
Ali Daadoush
In a newspaper column a while ago, we explained the concept of deleting zeros, and today we are talking about the concept of currency revaluation, which means a calculated upward adjustment of a country’s official exchange rate relative to a chosen baseline, which can include (wage rates, the price of gold, or a specific foreign currency), and revaluation is the opposite of devaluation.
In a fixed exchange rate system (the system followed by Iraq), only a decision from the state (the central bank) can change the official value of the currency, and developing economies are likely to use a fixed exchange rate system in order to limit speculation and provide a stable monetary system in the country.
TNT:
Tishwash: Delete zeros and evaluate the dinar
Ali Daadoush
In a newspaper column a while ago, we explained the concept of deleting zeros, and today we are talking about the concept of currency revaluation, which means a calculated upward adjustment of a country’s official exchange rate relative to a chosen baseline, which can include (wage rates, the price of gold, or a specific foreign currency), and revaluation is the opposite of devaluation.
In a fixed exchange rate system (the system followed by Iraq), only a decision from the state (the central bank) can change the official value of the currency, and developing economies are likely to use a fixed exchange rate system in order to limit speculation and provide a stable monetary system in the country.
In a flexible exchange rate system, revaluation occurs on a regular basis, as evidenced by the noticeable fluctuations in the foreign exchange market and the associated exchange rates.
For example, the United States maintained a fixed exchange rate until 1973, when President Richard Nixon decided to abandon the gold standard and switch to a flexible exchange rate system.
As for China, despite having an advanced economy, its currency remained fixed until 1994, before the Chinese government revalued its currency in 2005, which was linked to the US dollar. After the revaluation, it was linked to a basket of global currencies.
The decision to revalue a domestic currency affects the economy as a whole, as it affects both the currency being examined and the valuation of assets held by foreign companies in that particular currency.
Since revaluation has the potential to change the exchange rate between two countries and their currencies, the book values of assets held abroad may have to be adjusted to reflect the effect of the change in the exchange rate.
For example, suppose a foreign government has set 10 units of its currency to equal one US dollar. To revalue its currency, the government might change the rate to 5 units per dollar, making its currency twice as expensive when valued in US dollars as it was before.
If the above-mentioned currency revaluation occurs, any assets held by a U.S. corporation in the foreign economy must be revalued. If the value of the asset held in a foreign currency was previously valued at $100,000 based on the old exchange rate, the revaluation requires a change of $200,000. This change reflects the new value of the foreign asset in the local currency by adjusting the revaluation of the relevant currency.
Another example is what the Iraqi government did in 2023 when it raised the value of the Iraqi dinar from 1450 dinars/dollar to 1300 dinars/dollar. link
************
Tishwash: Al-Araji: Iraq stands on the cusp of a historic digital transformation
National Security Advisor, Qassim al-Araji, said on Monday that Iraq stands on the cusp of a historic digital transformation to promote sustainable infrastructure, pointing to Iraq's commitment to developing a comprehensive digital national strategy.
Al-Araji said, in a speech during the Iraqi Digital Forum, which was attended by a reporter of the Iraqi News Agency (INA): "The Prime Minister sent his greetings and apologies for not attending due to an emergency circumstance."
"The forum represents a platform that brings together a group of local and international experts and leaders in the fields of technology and strategies to discuss and achieve a promising Iraqi digital vision," al-Araji said.
He added that "digital transformation is the basis of countries' progress, and Iraq stands on the threshold of a historic opportunity to determine its digital readiness and keep pace with global development," noting that "the forum reflects Iraq's commitment to establishing a safe and sustainable digital infrastructure."
He noted that "the forum aims to achieve a set of objectives, most notably:
Promote intersectoral cooperation by building effective partnerships between the public and private sectors, academic institutions and international bodies.
Addressing cybersecurity challenges as a key priority.
Support e-commerce and electronic payment to facilitate economic operations.
Enabling artificial intelligence in building an advanced digital economy.
"The National Security Adviser plays a pivotal role in formulating policies and legislation, co-ordinating between security and intelligence agencies, and preparing national strategies in various fields," al-Araji said.
He stressed "the importance of laying the foundations of a digital national strategy in line with government directions," pointing out that "the participation of prominent figures from the Parliament and advisors to the Prime Minister, along with representatives of international institutions and the director of the Arab Regional Center for Cybersecurity, reflects a serious commitment to promote integration between scientific research and innovation."
He praised "the efforts of Iraqi universities and the role of the private sector in supporting digital transformation," stressing that "the Supreme Committee for Digital Transformation, headed by the Prime Minister, is working to lay the right foundations to achieve a comprehensive digital transformation that contributes to eliminating financial and administrative corruption and reducing red tape, in a way that directly serves the citizen." link
************
Tishwash: Can the population census succeed in drawing a new economic policy in Iraq?
The Iraqi government is preparing to conduct a general population census on November 20, the first census to include all regions of Iraq in nearly 4 decades.
Iraq witnessed the last general population census that included all its governorates in 1987, and although the country conducted another population census in 1997, the latter did not include the governorates of the Kurdistan Region, because they were semi-independent from Iraq during the era of the former regime.
The population census represents a vital tool for formulating economic policies based on updated facts and data that enhance the government's ability to achieve comprehensive and balanced economic growth, while addressing economic and social challenges.
On the subject, the financial and banking specialist, Mustafa Hantoush, said in an interview with / Al-Maalouma / Agency that the Iraqi state's funds are scattered and it does not know where to direct them or where to start the development process, indicating that “The general population census is full of positives and has no negatives.”
He comes added, "There are no higher policies or clear lines to work on, and every country that puts forward its ideas far from the needs of society, and the population census will end this chaos by clarifying a number of important matters."
He pointed out that "Iraq has clear economic problems in work, housing and diversifying the economy, and the state cannot solve them except by conducting a general population census."
For his part, economic expert Dhurgham Muhammad confirmed that the results of the general population census will help the government reach a realistic formula and vision during the preparation and amendment of next year's budget schedules, while he pointed out the necessity of having a real reading of the future of oil prices for next year in order to determine a reasonable price for a barrel of oil that will be adopted by the 2025 budget.
Mohamed Ali said in a statement to Al-Maalouma Agency, “The amendments to the 2025 budget schedules will depend scientifically and realistically on the results of the general population census that will be conducted at the end of this month,” indicating that “the census Results will give the government clarity when conducting transfers and drawing up realistic development plans.”
He added that "the authorities responsible for preparing the budget must re-read it for the future of oil prices and adopt an appropriate and realistic price that is consistent with the expectations of global oil market experts, when preparing the schedules for next year, as Most indicators confirm a decrease in oil prices for security and economic reasons.”
Recently, rumors have spread on social media that the general population census will lead to the cutting of welfare salaries or the imposition of new taxes on citizens.
In this context, MP Aref Al-Hamami said in an interview with Al-Maalouma, “What is being said is inaccurate and we deny it completely and in detail through our close knowledge of the census’s progress and its great benefits in preparing the country’s strategic Plans for decades in terms of economy and development.”
He pointed out that "effective participation with the provision of accurate information will ensure the existence of comprehensive data that gives the government a vision in drawing the foundations of its future plans directly."
The general population census will be launched on the 20th and 21st of this month in all Iraqi governorates, which will include a curfew. About 120,000 enumerators will participate in the census, while the Ministry of Planning confirmed that this census will contribute to knowing the real numbers of the population and the living conditions that will be invested for development purposes. link
Mot............. Oh Yea.. Morning
Mot: . Plurals Can Be So Weird Sometimes
MilitiaMan & Crew - IQD News Report - Contracts - Projects - Non Oil Revenue Streams - Activating Private Sector
MilitiaMan & Crew - IQD News Report - Contracts - Projects - Non Oil Revenue Streams - Activating Private Sector
11-17-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
MilitiaMan & Crew - IQD News Report - Contracts - Projects - Non Oil Revenue Streams - Activating Private Sector
11-17-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..