MilitiaMan & Crew-News-Report-Census-Global Transparency-Budget-Trade-Banking-Delete the Zeros Exchange rate news

MilitiaMan & Crew-News-Report-Census-Global Transparency-Budget-Trade-Banking-Delete the Zeros Exchange rate news

11-18-2024

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

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

https://www.youtube.com/watch?v=3tK9TIKRoTY

Possible Bank Perks to ask for at your Exchange Appointment .

Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest:  Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team

Possible Bank Perks to ask for at your Exchange Appointment .
 
AUM - Assets Under Management

1. No fees ever for foreign currency exchanges

2. Provide a Private Banker/Wealth Manager at the time of exchange to initially park the funds in an non-interest-bearing account overnight and sweep those funds into other non-interest bearing accounts within your bank the following day; until I meet with bank advisers and other financial professionals and make some general guidelines for the management of these funds and the distribution of a portion of these funds through your bank, trust, and LLCs.

3. Family Office Services

4. Perks can be based on AUM (Assets Under Management) in a tier grid

5. Discounts on AUM fees

6. No fees ever - no fee to deposit/wire transfer money

7. No Broker fees ever

8. Free Safe Deposit Box, Certified Checks, Notarized, Courier Services

9.Provide Excess Deposit Insurance (i.e. Lloyds of London and/or Travelers) or Abbott Downing

10.Provide Senior Wealth Managers/Investment Bankers for selection

11. Tax/Business/Estate Attorney & CPA

12. Private transactions representation –assistance in buying a house/car/anything ( my trustee will purchase through my bank) 13.

Free Due Diligence Services provided for outside investment opportunities(research on any person or service) they will get it

14.100% funding availability (immediate Funds) before we leave

15. Unlimited Platinum or Black Visa Signature Debit & Credit Card with no ATM fees

16. Line of Credit available

17. Group Health Insurance - to cover the signers and families of depositors

18. Guarantee 12-15% interest per year on deposits

19. Bank Trading Platforms & Repurchase Agreement Sweep Accounts

20. Short Term/High Yield Interest Rates

21. Assist in opening an offshore bank account with affiliate bank for foreign investments

22. Access to information on great investment opportunities

23. Pre-IPO deals

24. Provide free Executive Privacy Plus subscription with Reputation.com

25. Sports tickets in suites and on the floor (Football, Basketball, Baseball, Boxing, Tennis, Golf, NASCAR & etc.) Also, special events like the Super Bowl, NBA Finals, College Bowls, NCAA Final Four, World Series &the Olympics. Based on AUM in a tier grid

26. Entertainment & Concert tickets in suites and on the floor (Music Concerts, Entertainment Awards Shows, Premier Movie Screenings, TV Show tickets & etc.) Based on AUM in a tier grid

27. Limousine & VIP transportation based on AUM in a tier grid

28. Private Jet Travel (5-25 flight hrs. per mo.) based on AUM in atier grid on flight hours per month

29. First Class seats/commercial airlines based on AUM in a tier grid

30. Private Yacht access/usage (40 hrs. annually) based on AUM in a tier grid on access/usage hours per year

31. Donations to our favorite charities (Banks matching a certain percentage)

32. Prime seats at charity events

33. Suites at Luxury Hotels & VIP Dinners at Restaurants based on AUM

34. Membership fee & Annual fees to Inspirato Core resorts & residences

35. Membership fee & Annual fees to Exclusive Resorts & Residences for 60 days with Priority Holiday Access annually

36. ClubCorp Private Membership based on AUM

37. Spa & Massage Club Membership based on AUM in a tier grid

38. Concierge Services 24/7 based on AUM

39. Provide a free cell phone & concierge subscription service for  members with $1 million and over AUM

40. Free Family Financial Education provided for group family members

41. Provide any and all other perks that was not mentioned

What About Gold?

What About Gold?

November 18, 2024  Notes From the Field – James Hickman/ Simon Black/ Sovereign Man

It was early January 2020, and weird things were happening in the world.

Socialism was on the march in the Land of the Free. Conflict, it seemed, was exploding everywhere, both abroad (North Korea, Iran, Yemen) and at home.

And most notably, over in China, the Communist government was literally welding people into their homes to ‘keep them safe’ from a bizarre virus that was spreading rapidly

It was only January, but 2020 was already looking pretty uncertain.

I wrote an article about preparing for uncertainty. And, with respect to finance, I wrote that gold was a very sensible asset to own in such times: “Frankly I don’t think anyone can credibly say that they have any idea what’s going to happen in the world in 2020. And that’s why I own gold.”

We soon found out. One of the most ridiculous hysterias in human history gripped the world. Countries were locked down. Governments and central banks conjured trillions of dollars out of thin air to pay people to stay home and not work.

Three months later, in mid-April, I wrote again that the Fed’s virtually unlimited money printing was going to be “very inflationary” and encouraged readers to consider gold once again (along with other real assets).

Quite predictably, the price of gold shot up, from $1560 in early January, to $1720 in April, to nearly $2000 in August.

At that point there was a lot of fickle, speculative capital flowing into the gold market. Gold ETFs were receiving huge inflows, pushing the price to (what was then) an all-time high.

So I wrote to our audience again on August 3rd stating that, “a short-term correction may be in order” for gold. The price peaked three days later, and then fell be several hundred dollars per ounce.

I started writing about gold again in earnest back in early 2023, a few months after the price had bottomed out. The fiscal trajectory of the United States under Joe Biden was painfully obvious at that point. The national debt was growing at an unprecedented peace-time pace, and other nations were lining up against the dollar as the global reserve currency.

Gold was a smart move. And by the end of the year I concluded that “we could easily see central banks around the world ditching their US dollars and loading up on gold as part of a new, de-dollarized global financial system.”

And that’s what started happening: fed up with dollar inflation, US government dysfunction, and America’s gargantuan national debt, foreign central banks began trading their dollars for gold.

THE GOLD PRICE SOARED AS A RESULT

Even in March of this year, when gold was at its all time high of the time at $2,150, I wrote that gold was actually a contrarian investment with a lot more room to rise.

It went all the way up to almost $2,800.

Now, I’m not citing my own work to be boastful. Trust me, I’ve gotten plenty of things wrong.

My point is to illustrate that I AM NOT A GOLD BUG. I don’t hold a fanatical view about gold that it’s the only thing worth owning and is only going to go up.

Furthermore, I don’t think about gold strictly in terms of price; that’s way too one-dimensional.

Gold is a great insurance policy. It’s a hedge against systemic risks. It’s great for estate planning and asset protection. It holds its value over inflation over long periods of time. And, sometimes, it can also be a fantastic speculation.

The above examples demonstrate that I’m not shy about saying whether I think gold has been overbought, is too expensive, or too cheap. My assessment obviously changes when the information changes.

Right now one thing is clear: foreign central banks were the ones responsible for driving the price of gold to all-time highs throughout 2024, just as I suggested would be the case in 2023.

And that was happening at a time when most individual investors (plus ‘smart money’ hedge funds) were actually selling gold. So they were missing out on the boom.

But that started to change over the past few months.

Data from Gold ETFs around the world show that individual investors have been buying tons of gold. Problem is— that money tends to be very short-term... and fickle.

We can already see it; a lot of those same small investors have already yanked their money out of gold after the US election, which is why the price is down about 10% from its record high.

But, again, the real long-term driver of gold demand is central banks. And I think a lot of foreign central banks are sitting on the sidelines right now.

With gold already near its all-time high, they have paused their buying spree, and they’re now looking at this incoming administration to see what happens next.

Can Elon trim the federal budget? Will there be a US energy renaissance or AI-fueled productivity bonanza? Will the government become functional once again? Will America’s unparalleled military superiority be restored? Will sensible monetary policy reign in inflation?

Because if those things actually happen, then the dollar has a pretty good shot of continuing its reign as the dominant global reserve currency.

And I think a lot of central banks that have been buying so much gold are happy to wait for the next several months to see what happens. Hence gold could easily trade sideways for a while, or even fall.

All that said, gold is still worth owning... because there’s still long-term risk to the US and to the dollar.

Vladimir Putin recently made some comments that a lot of folks misinterpreted as “Russia and the BRICS nations will keep using the dollar. . .”

But that’s not what Putin said.

Putin said it was the US government’s weaponization of the dollar that pushed Russia and the BRICs nations away. And as long as that threat remains, the BRICS+ bloc is plowing ahead with developing an alternate financial system.

Many large economies have already started trading with one another in a currency other than the US dollar. And that trend is likely to continue, i.e. the dollar is going to have competition.

Not to mention, there’s still a ton of uncertainty in the world. The national debt is still way too high. The Leftists still want to storm to power and Make America California. Conflict might still break out.

hese are all sensible reasons to own some gold.

But given that the key driver of the gold price, i.e. central banks, are probably going to sit on the sidelines over the next few months, I wouldn’t be buying right now on the expectation of a short-term price surge.

To your freedom,   James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/what-about-gold-151745/

Seeds of Wisdom RV and Economic Updates Monday Evening 11-18-24

Good Evening Dinar Recaps,

GAMETA AND ROBIN ECOSYSTEM PARTNER TO ADVANCE WEB3 PAYMENT SOLUTIONS

Gameta, a top player in the GameFi market, has commenced an exclusive strategic collaboration with Robin Ecosystem. As per Gameta, the partnership intends to increase Web3 adoption with the merger of advanced payment technologies and gaming innovation. The platform disclosed this endeavor on its official X account.

Gameta’s Collaboration with Robin Ecosystem Marks a Revolution in Web3 Payments
In a recent post, Gameta mentioned that its collaboration with Robin Ecosystems focuses on revolutionizing Web3-based payment solutions.

In this respect, this development increases the accessibility of GameFi and DeFi to a wider audience. Robin Ecosystem has obtained a significant position in the market with its inclusive payment platform. It has integrated its Robin Wallet with a social empowerment instrument Zapry.

By merging the social interaction capabilities and payment solutions, it targets offering a broad forum for Web3 exposure.

Gameta deals with blockchain-based gaming and GameFi. The latest partnership thereof with Robin Ecosystem serves as an opportunity to broaden its access and provide improved payment features.

The collaboration will potentially fortify the gaming ecosystem of Gameta with the integration of Robin Wallet’s consumer-friendly payment solutions. This enables streamlined transfers for rewards and purchases within the games.

Moreover, Zapry’s integration could also improve community engagement and player interaction, making the GameFi experience more immersive.

The Partnership Leads to the Next Wave of Growth in Blockchain Gaming
In line with Gameta’s announcement, the partnership mirrors a wider trend of ecosystem collaborations across the Web3 sector. By filling the gap between payment solutions and gaming, Robin Ecosystem and Gameta are paving the way for the next growth rally for blockchain gaming.

@ Newshounds News™

Source:  Blockchain Reporter

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XRP NEWS: LEGAL EXPERT SAYS SEC’S LATEST APPEAL HAS NOTHING TO DO WITH $125 MILLION PENALTY

Ripple has come a long way since its early days when reaching $1 seemed impossible. Now, with XRP surging past $1, some are even predicting that it could reach previous ATHs at $3.30. While this may sound far-fetched, recent rumors of SEC Chair Gary Gensler’s resignation and Ripple’s potential victory in its legal battle with the SEC have fueled speculation that XRP’s future could be brighter than ever.

Although Gensler’s resignation is still unconfirmed, the mere rumor has sparked a wave of optimism across the crypto space, with many hoping it signals a shift in the SEC’s stance on digital assets.

 If true, it could open the door to greater adoption and investment in Ripple’s XRP. As the momentum continues to build, many are now watching closely to see if this rally is just the beginning of something much bigger for XRP.

Amid the uncertainty, one user claimed that the only remaining issue in the case is the settlement fee, with the SEC seeking more than $125 million. The user also claimed that XRP has already won the key point: it was ruled not to be a security.

But former SEC lawyer Marc Fagel disagreed, saying this view is inaccurate. He explained that the appeal isn’t about a “settlement fee,” as there’s no such thing. Instead, the SEC is appealing the ruling on programmatic sales, while Ripple is cross-appealing the decision on institutional sales.

Fagel wrote, “That’s not remotely accurate, sorry; the appeal has nothing to do with the penalty (there’s no such thing as a “settlement fee”). The SEC is appealing the liability finding for programmatic sales; Ripple is cross-appealing liability for institutional sales.”

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

SWIFT AND CHAINLINK UNLOCK GLOBAL ACCESS TO TOKENIZED ASSETS ACROSS 200+ COUNTRIES

▪️Chainlink and SWIFT will power tokenized fund recovery with a new solution.

▪️With defined roles from both firms, this solution can remove inefficiencies in the mutual fund market.

Building on their existing partnership, Chainlink (LINK) and SWIFT continue to push forward for the global adoption of Real-World Asset (RWA) tokenization. Chainlink, SWIFT, and UBS Asset Management recently highlighted their ongoing tokenization efforts via the Monetary Authority of Singapore’s (MAS) Project Guardian initiative.

How Institutions Can Access Tokenized Asset
Specifically, Chainlink, SWIFT, and UBS have unveiled an innovative pilot for settling tokenized fund subscriptions and redemptions. The solution will enable over 11,500 financial institutions across 200 countries to settle digital asset transactions, particularly tokenized funds.

How can 11,500+ institutions across 200+ countries access tokenized assets?@swiftcommunity, @UBS Asset Management, and #Chainlink showcase their major @MAS_sg Project Guardian work around tokenized fund settlement—a solution that is “extremely practical for commercializing” ↓ pic.twitter.com/U0zSp7RwDi  —  Chainlink (@chainlink) November 7, 2024

This latest advancement uses existing SWIFT infrastructure and Chainlink’s platform to settle fund subscriptions and redemptions. It calculates the preconditions for automatically minting or burning fund tokens for the UBS tokenized investment fund. This technique can improve operations and remove costly inefficiencies across the $63 trillion global mutual fund market.

During a panel session, Andrew Wong, Executive Director at UBS Asset Management, noted that SWIFT and Chainlink have facilitated the automatic minting and burning of UBS tokenized fund tokens.

 He said the integration with SWIFT and Chainlink aims to enhance the payment efficiency of the UBS tokenized investment fund.

In a workflow chart, SWIFT Director Giles Goh explained how SWIFT acts as a transfer bridge for USB’s tokenized fund. He noted that the SWIFT transaction manager will implement a program-scheduled task to retrieve pending subscriptions and redemption from smart contracts.

Chainlink then receives the subscription details, such as the amount and funds distributor ID. 

This is key to ensuring the entire flow from the USB-tokenized fund, Digital Transfer Agent (DTA), and Chainlink to the SWIFT network is coherent. Once the transactions come back down, SWIFT triggers a payment initiation or request.

The fund distributor receives this information and initiates a payment converted to a trackable inter-bank payment over SWIFT UETR. Payment fund delivery is confirmed through the SWIFT network and GPI tracker status update. Next, SWIFT triggers subscription and redemption state closure based on proof of funds delivery.

Chainlink calls the subscription redemption functions in the DTA through its Cross Chain Interoperability Platform (CCIP). Finally, CCIP sends and mints the tokens, fulfilling the entire redemption process. Chainlink’s co-founder Sergey Nazarov commented that the pilot opens up a universe of users, which will likely make the fund more successful.

LINK’s Price and Prediction
Meanwhile, Chainlink’s native asset, LINK, continues to move upward, following in Bitcoin’s footsteps.

At press time, LINK price was trading at $14.65, up 3.09% in the last 24 hours and 28.3% in the past 30 days. However, the daily trading volume decreased by 34.6% to $556.6 million, suggesting likely reduced investor interest in the short term.

@ Newshounds News™

Source:  Crypto News Flash 

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🌱 WHAT IS AN EXECUTIVE ORDER EO?  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

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.

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

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

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

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

(BOND MARKET FLASHING A WARNING!) AS A BRIDGE TO THE "NEW SYSTEM" IS WELL UNDERWAY.

Greg Mannarino:  11-18-2024

https://www.youtube.com/watch?v=jD2KPZsmke8

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.

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

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

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.

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?

• 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

https://dinarchronicles.com/2024/11/17/ariel-prolotario1-important-read-regarding-the-zim-zwd-or-zig/

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

https://dinarchronicles.com/2024/11/17/ariel-prolotario1-4-things-you-can-do-once-the-zig-hits-forex/

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.

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?

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!

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

Youtube:     https://www.youtube.com/watch?v=sbIDi41xgMA

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.

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.

https://ninanews.com/Website/News/Details?key=1169662