News, Rumors and Opinions Friday 11-22-2024

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 Fri. 22 Nov. 2024

Compiled Fri. 22 Nov. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Thurs. 21 Nov. 2024 Wolverine: “Get ready. It’s all about to go down. On Med Beds: you will get that information on the website where you make your appointment. If you have a medical issue and can’t make it to the Redemption Center, work it out with the person you make your appointment with. He is a Military person who is working with the Med Beds.”

Thurs. 21 Nov. 2024 Bruce:

R&R (NESARA payments to all US citizens age thirty and older) is set to start on Thanksgiving night 28 Nov. 2024 for those not exchanging

R&R will start for Tier4b (us, the Internet Group) when we exchange

SS increases will likely start in December.

Medicare should be free under President Trump.

Two sources say we should get notified on Fri. 21 Nov.

Other sources say we should get notified over the weekend and start exchanges on Mon. 25 Nov.

Ages 30-45 will get R&R over a three year period.

Ages 45-60 will get R&R over a two year period.

Age 60 and over get R&R in a lump sum payment.

The leaders who will send emails on how to set your redemption appointments to the banks and redemption centers already have the emails to send out – which will be on Fri. 22 Nov, Sat. 23 Nov, or the first of the week.

Thurs. 21 Nov. 2024: QFS Leaks: $21 Trillion in Hidden Assets Seized – Banks Collapse as Wealth is Redistributed with Asset-Backed Currencies; Blackout Attempts Fail to Protect The Cabal’s Hidden Fortune! – Gazetteller

Read full post here:  https://dinarchronicles.com/2024/11/22/restored-republic-via-a-gcr-update-as-of-november-22-2024/

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

Frank26  Article: "Salaries may be funded after census holiday"   If so...then there is a new exchange rate.  It's not just funding of the salaries, it's everything.   The new exchange rate, the HCL, the salaries, everything in your budget.  Nothing is being held back any longer.  It's plainly there explained right there in plain sight.

Bruce  [via WiserNow]  ...This past Saturday and this past Sunday...They took four of our currencies, Iraqi Dinar, Vietnamese Dong, Afghanistan Afghani and the Indonesian Rupiah, those four currencies are being tested on all bank screens around the globe, and they wanted to test and make sure the rates of those were coming up the same in each country where they were showing up...the word was, they all went off without a hitch. So the system is ready. 

Gold’s Not Rising, Currencies Are Failing | David Morgan

Liberty and Finance:  11-21-2024

David Morgan delves into the recent fluctuations in the gold market, explaining how geopolitical tensions, such as the ongoing Ukraine-Russia conflict, have driven gold prices up as investors seek safe-haven assets.

 Morgan touches on the potential for a gold-backed BRICS currency, warning that despite this movement, the global financial system is still largely driven by the same political forces, whether in the East or West.

Ultimately, he highlights the importance of gold as a hedge against the collapse of fiat currencies, stressing that while geopolitical events may cause short-term market fluctuations, the long-term trend remains focused on the devaluation of paper money.

INTERVIEW TIMELINE:

0:00 Intro

1:20 New Orleans conference

3:30 Gold update

5:20 Update on wars

8:55 Fiat currency failure

 10:43 BRICS, another globalist entity

12:00 Freedom

17:25 Gold & silver outlook

https://www.youtube.com/watch?v=PUVmBr1WJuw

Coffee with MarkZ and Mr. Cottrell. 11/22/2024

Coffee with MarkZ and Mr. Cottrell. 11/22/2024

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: TGIF and Good Morning to everyone.

Member: Thank God its Friday!! Always love Fridays as it means the weekend is very close, just like all the changes in this world!

Member: I have a feeling today is going to be a very big day.

Member: Today is the anniversary of JFK’s death. Nov 22, 1963, in Dealy Plaza, Dallas Texas, President John F. Kennedy was shot and killed on National TV.

MZ: Bond news is all over the place and we are trying to figure out what is real and what is not. They thought they were supposed to be paid last night….now its before the weekend or over the weekend…we are getting a lot of different stories from different people.

MZ: One group leader did say they may actually get paid Sunday night to Monday morning. So there is a little chatter on that front.

Member: Poor bond holders. What a roller coaster ride for them

Member: I hope the rails of the roller coaster stay grounded now……, they have been used a lot through the years!! LOL

Member: no need for the ups and downs. when it happens then we all will know.

MZ: “Parliament will resume the session next week and clarify the mechanisms for extending its legislative term.” They are committed to finishing some key things before they call it a holiday. The session is still expected to end just before Dec 10th which is “Victory Day” I am still hearing HCL is in there as well. And hopefully a rate change.

MZ: “Economist: The total cost of the general population census amounted to $951 billion dinars”  This is about  $80 million dollars.  Cudos to the Iraqi government and their accurate census. I am told they should have the numbers by Sunday.

MZ: People I know in Iraq have been saying the HCL is waiting for those census numbers. And should be approved quickly after the census totals are released.

Member: And the HCL needs a new rate.

MZ: “The Iraqi government : We must adapt to the new political situation in the US”  Sudani has had a great conversation with trump. The world changes and they need to adjust to it.

Member: When currencies reset and go 1 to 1 would we have already exchanged for a better rate?

MZ: Yes. We will have already exchanged before parity happens.

Member: First adjust the rate to reflect value then go to parity, 1-1

Member: Parity will create a level playing (trading) field for all countries. Based on each countrys assets

Member: Its been said often that ZIM bonds independent of the Dinar/Dong etc. What are they waiting for on the bonds?

MZ: Good questions. They have everyone in position and we hear lots of rumor- but nothing credible as to what they are waiting for.

Member: Mark I know you don't follow other info, but most talking about a "GO" for this coming Monday?

MZ: That would be exciting but have not had that day specifically named by my sources.

Member: What other currencies are the buzz? Iran , Indonesia

MZ: The Iranian rial may or may not be in the first basket….then there is the dong

Member: AT the RV roll out, WHAT is the current procedure for us to comply to?

Member: Get the notifications, call the number, set an appointment and follow instructions….imo

MZ: Yes, call, make an appointment and go exchange

Member: I believe that we're not exchanging until we quit using fiat dollars.

Member: I wonder- Do the banks have the new currency now and are sitting on it ?

Member: Jeff Ralm say 80% tax on all currencies?? What say you ??

MZ: I believe Jeff is wrong on this one. I am simply not hearing that from anybody.

Member: I believe we’re waiting until Jan 20 for the RV…Hope I am wrong and its sooner.

Member: Hard not to get discouraged when every month, week, and even day passes with no RV. We can’t do this forever.

Member: Movies ,,often have twists and turns ,,and surprise endings.

Member: Thanks Mark and Mr. C……Praying this is an amazing weekend for us all.

Mr. Cottrell and CBD Guru’s join the stream today. Please listen to the replay for their information and opinions.

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

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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!

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Youtube:    https://www.youtube.com/watch?v=6r66362l2ME

Iraq News Highlights and Points to Ponder Friday AM 10-22-24

Dollar-Dinar Exchange Rate Gap: Causes And Treatments

Dr. Haitham Hamid Mutlaq Al Mansour   Iraq relies in its monetary policy to monitor the change in the value of its dinar against the dollar on a fixed exchange rate peg system. The overall policy aims to reduce the gap between the official and actual exchange rates and stabilize it close to the target exchange rate, curbing inflation, stimulating markets, commercial, financial and investment transactions, and stimulating growth.

Therefore, reducing the exchange gap at the target exchange rate level is one of the prominent issues facing the economic policy maker in Iraq in order to limit the major repercussions that go beyond the economic scope and crystallize significantly in the social stability of the country.

This gap becomes more evident through the variation in the dollar exchange rates and the fluctuation of the real value of the dinar. Either positively, it generates revenue, or negatively, it generates additional costs that cause repercussions on purchasing power without taking individuals and economic units into account, negatively affecting local and foreign savings and investment.

The more the gap varies, the greater the economic cost of investment and the higher the levels of inflation, which increases the suffering of the limited-income family sector.

It has become known that the size of the Iraqi economy's GDP depends very heavily on the oil dollar, which is the main source of the Ministry of Finance's resources, instead of the non-oil dollar, which is called the non-oil export dollar, which has very low flexibility, resulting in a sharp decline in credit deposits in the accounts of traders exporting goods in Iraqi banks in exporting countries.

This dependence exposes the exchange gap to fluctuations in the global oil market. When global oil prices rise, we witness a decrease in the exchange gap due to the increase in the supply of the dollar, while in contrast, during periods of economic recession or when oil prices fall, the gap increases significantly when the government is unable to provide an adequate supply of dollars in the official window for buying and selling dollars.

In such cases, traders are forced to search for alternatives through the parallel market, which exacerbates price pressures on the weakest groups.

Referring to the reasons that widened the exchange gap, they are multiple. In addition to what was mentioned above, the reasons can be traced according to the axis of indirect reasons that are linked to the country's trade policy and the problems of border crossings related to dollar smuggling, including those related to activating the role of crossings as an authentic source of revenue.

 There are also indirect reasons that have a political and security nature and medium- and long-term repercussions on the movement of money and investment.

While economic and monetary reasons stand out at the forefront of direct or technical reasons, some of them are related to the nature of the banking system and the extent of its credit capacity and the level of banking compliance with the monetary and credit conditions of the Federal Reserve, which affects the levels of supply of the petrodollar.

Therefore, we find that many international banks refuse to work as correspondent banks due to the low credit rating of our banking system as a result of smuggling operations, money laundering and sanctions that affect a third of Iraqi banks. Therefore, we find that they do not stand up in this regard, except for banks that have external partnerships with Arab banking capital.

They derive international acceptance from the quality of the credit rating of those countries, which facilitates the process of opening accounts with correspondent banks. Therefore, there is fear that pressures on the dollar exchange rate will increase, widening the gap.

It is also noted that among the technical reasons that led to the widening of the gap are the successive changes in the official exchange rate threshold taken by successive government administrations.

The gap witnessed a transition at the end of 2020 from the stable situation in which the gap between the official exchange rate of 0.118 dinars per dollar and the actual exchange rate of 1,200 dinars narrowed, to raise the threshold in 2021 to 1,450 due to the decision of the Central Bank at the time.

Then the threshold rose this time after the Council of Ministers approved in February 2023 the decision of the Board of Directors of the Central Bank of Iraq to amend the official exchange rate of the dollar against the dinar, to the threshold of 1,300 dinars per dollar.

By following the parallel dollar exchange rate in November of this year 2024, we find that it has reached the limits of 1500 dinars per dollar and exceeded it, and that the Central Bank’s selling price for cash dollars, transfers, documentary credits, and international settlements for electronic cards is at the threshold of 1300 dinars per dollar.

Therefore, it is concluded that the gap in the dollar exchange rate against the dinar is still widening despite the pressures of the Federal Reserve and the Central Bank’s efforts towards compliance.

Therefore, dealing with the gap between official and actual spending should require comprehensive, integrated policies that target technical and non-technical treatments within medium- and long-term planning, the most important of which are:

Reforming the structure of the banking system, developing its efficiency, and raising the levels of its credit capacity and the flexibility of its banking compliance.

Developing tools for targeting inflation and exchange rates, which would help reduce the exchange gap and achieve price stability.

Implementing solid reforms in the financial and monetary sectors to enhance the flexibility of banking performance in accordance with the SWIFT global financial settlement system.

Coordination between fiscal and monetary policies to achieve the target exchange rate by rationalizing government spending and tightening control over the money supply.

Economic policy should enhance transparency in all financial and banking operations, by implementing clear and strict control systems to contain opportunities for corruption and exploitation of the exchange gap.

Deepening the mechanisms of border control and combating administrative corruption to increase total revenue.

Government authorities must maintain and enhance security and political stability to contribute to building confidence between local and foreign investors on the one hand and the investment environment on the other, which will stimulate further stability and growth.[/rtl]

Formulating an economic policy that targets technical solutions to expand the non-oil production base, and serious planning on how to diversify sources of income for the overall economy.

The path of developing the agricultural and industrial sectors will be the decisive factor in reducing imports and stimulating the growth of fixed capital accumulation for the private sector. Hence, the demand for the dollar for consumer import purposes will decrease. https://economy-news.net/content.php?id=50102

US Report Shows The Importance Of The Population Census In Iraq: It Will Reshape This Map

Local    Economy News - Follow-up   The American Associated Press published a report on the population census and its results on the political process in Iraq.

The agency said in its report, which was reviewed by "I am Parliament", that "the population census will reduce the political influence of minorities in Iraq."

The report added, "The delay in conducting the population census in Iraq was not only due to security and political reasons, but there was also data that the parties did not want to publish, such as poverty levels in each governorate."

He pointed out that "the population census will reshape the map of political thinking and decision-making in Iraq."

The population census operations began in the Iraqi governorates on Wednesday, after a 27-year hiatus.       https://economy-news.net/content.php?id=50098

Economist: Total Cost Of General Population Census Reached 951 Billion Dinars

Local |Today,   Baghdad Today – Baghdad  Economic expert Nabil Al-Marsoumi revealed, today, Friday (November 22, 2024), the financial and economic cost of the general population census.

Al-Marsoumi said in a post on Facebook, which was followed by "Baghdad Today", that "the total financial and economic cost of the general population census amounted to 951 billion dinars."

He explained that "the direct financial cost of the census amounted to 459 billion dinars, while the cost of suspending official work amounted to 492 billion dinars."

Al-Marsoumi added, "The economic cost is expanding due to the halt of public and private economic activities, and many individuals and local communities are harmed as a result, especially the poorest groups who depend on earning their living on a daily basis in normal times and do not save any resources to use during the curfew."

The economic expert pointed out that "the population census could have been conducted without the need to impose a comprehensive curfew in the country, even if that led to extending the data collection period for several more weeks, in order to save costs and take into account vulnerable groups and workers in the private sector."  LINK

Economist: The Census Will Lead To An Increase In The Share Of Some Governorates In Regional Development

Posted on 2024-11-22 by sotaliraq  Economic expert Nabil Al-Marsoumi confirmed that the general population census will lead to an increase in the share of some governorates in regional development and a decrease in the share of others.

Al-Marsoumi said in a blog post that the general population census will lead to an increase in the share of some governorates in regional development and a decrease in the share of others because the population is the only criterion in distributing regional development funds among the governorates.

[size=45]Iraq witnessed the last general population census that included all its governorates in 1987, and although the country conducted another population census in 1997, it did not include the governorates of the Kurdistan Region, because they were semi-independent during the era of the former regime. LINK

Setting The Date For Announcing The Preliminary Results Of The Population Census

Time: 2024/11/21 Reading: 962 times  {Local: Al Furat News} An informed source revealed the date of announcing the preliminary results of the general population census.

The source told {Euphrates News} a copy of it, "The preliminary results of the general population census will be announced within two days from now, specifically next Saturday."

He said, "The operations room for the population census continues to operate around the clock."

Yesterday, Wednesday, the general population census process was launched in Iraq in all its governorates. It is the first of its kind since 1987, amidst strict security measures and the imposition of a comprehensive curfew, in an attempt to facilitate the work of the mobile teams working to record information from the residents.

At exactly 12 midnight local time on Tuesday, the security authorities imposed a curfew in all governorates of the country that will last for two days. Security checkpoints and all entrances and exits to cities were closed to prevent movement.

The census is also accompanied by the alert status (C) for Iraqi security and military units. From.. Raghad  LINK

Seeds of Wisdom RV and Economic Updates Friday Morning 11-22-24

Good Morning Dinar Recaps,

CONGRESSMAN THAT LED SAB 121 HOUSE VOTE, VOWS TO OVERTURN CRYPTO CUSTODY RULE

Earlier this year, both the House and Senate voted to overturn the SEC’s SAB 121 accounting rule that prevented banks from providing crypto custody solutions. However, President Biden used his veto so the rule still stands. Mike Flood, the Congressman that led the bipartisan House vote, has vowed to work with a new SEC Chair to ditch SAB 121 for good.

However, Flood’s work wasn’t entirely wasted. The dual votes highlighted the issue that forcing banks to put assets under custody on their balance sheet is both unconventional and affects their compliance with bank balance sheet rules.

As a result, it makes it prohibitively expensive for banks to provide crypto custody and inhibits innovation on the tokenization front.

Since then, the SEC has softened its stance a little. Banks can apply for exceptions and it has granted them. That’s not a practical solution, because banks have to consult the SEC on most deals.

“SAB 121, despite widespread opposition, works effectively as a regulation even though it never went through the normal Administrative Procedures Act process required for one,” Congressman Flood wrote.

“I look forward to working with the next SEC Chair to rollback SAB 121.” He didn’t pull his punches about SEC Chair Gensler. “Whether the chair leaves on his own or President Trump delivers his famous line on January 20, 2025, there’s an incredible opportunity for the new administration to turn the page on the Gensler era.”

“It should be no surprise that Gensler opposed the digital assets regulatory framework that passed the House earlier this year on a bipartisan basis. 71 Democrats joined House Republicans to pass this common sense framework.

Even though the Democrat-led Senate has refused to take it up, it represents a breakthrough moment for cryptocurrency and is likely to inform the work of the unified Republican government as the next Congress begins in January.”

@ Newshounds News™

Source:  Ledger Insights

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CFTC COMMISSIONER URGES US CRYPTO POLICY REFORMS

The CFTC’s Summer Mersinger advocated structured crypto regulations and urged the industry to engage with the incoming US administration.

Speaking at the North American Blockchain Summit on Nov. 21, CFTC Commissioner Summer Mersinger discussed the need for standard US crypto-related policies through notice and comment regulation.

The United States Commodity Futures Trading Commission (CFTC) has played a role in implementing the current “regulation by enforcement” strategy alongside the Securities and Exchange Commission (SEC) under the outgoing administration, as evidenced by recent charges against Uniswap Labs.

Mersinger also said recent litigation against a decentralized autonomous organization (DAO) required the CFTC to seek a court verdict for entity classification. In this case, the CFTC wanted to classify the DAO as a corporation or association:

“I really started to get uncomfortable with this idea that we were kind of setting some sort of policy through our enforcement cases and through going to court. To me, how you’re going to treat an entity that’s a policy question.”

Need for regulated relief for the crypto industry
Mersinger said that while crypto entities, including decentralized finance (DeFi), are often charged under existing categories and expected to operate under the same laws, there is no provision for them to be officially registered. She added:

“This is really tricky settlements because the information we share publicly with our enforcement settlements really doesn’t offer a lot of guidance for anyone who’s trying to do the right thing.”

As a result, Uniswap tried to do the right thing but ended up attracting more charges, Mersinger said. Still, Uniswap settled with the CFTC for a “very small fine.”

Despite its small size compared with the other agencies such as the SEC, Mersinger said that the CFTC is the “ideal regulator for the cryptocurrency spot market” as it can implement major legislative changes fairly quickly without disruptions to the market.

New laws can help crypto companies fight wrongful litigation
Moreover, she supported the introduction of new laws and regulations for crypto firms despite her predominantly conservative stance:

“What we’re seeing right now is that without those laws, you have agencies like the Federal Communications Commission (FCC) who can come in and create chaos and bring charges where maybe it doesn’t fit.”

Mersinger also recommended that the crypto industry start engaging with the new administration as soon as its leadership has been identified. “Don’t be afraid to start knocking on doors on day one because I think it’s critical to start” the conversations early on, she said.

@ Newshounds News™

Source:  CoinTelegraph 

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Source:  Seeds of Wisdom Team RV Currency Facts

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Gold’s Surge Against Fiat Currencies as Preparation for GCR and RV

Gold’s Surge Against Fiat Currencies as Preparation for GCR and RV

Awake-In-3D   November 21, 2024

The transition to a gold-backed financial system is accelerating, with gold’s surge leading the charge against weakening fiat currencies.

Gold is steadily rising as a dominant force in the global financial system, signaling transformative changes ahead. As fiat currencies falter under the weight of inflation, debt, and instability, gold’s strength is no coincidence. Gold’s surge is not just a reaction to market conditions but a clear preparation for a Global Currency Reset (GCR) and Revaluation (RV). This pivotal transition to gold-backed currencies offers a glimpse of a more stable and equitable monetary future.

The Historic Relationship Between Gold and Fiat Currencies

Gold has long been regarded as a universal hedge against economic turmoil. Historically, fiat currencies have operated inversely to gold; stronger fiat currencies typically suppress demand for gold, while higher Treasury yields raise the opportunity cost of holding the metal. Yet, as noted in recent market trends, this inverse relationship is breaking down. Even as the US Dollar Index ($DXY) and the 10-year Treasury yields climb, gold’s surge is defying expectations.

This resilience suggests that gold is re-establishing its role as the ultimate measure of monetary value. As fiat currencies around the globe grapple with inflation, debt burdens, and economic instability, the idea of revaluing national currencies against an asset-backed standard—where gold plays a central role—has re-emerged as a serious consideration.

Gold’s Surge is a Sign of a Global Currency Transition

Inflationary Pressures and the Role of Gold

One driving factor behind gold’s sustained strength is the market’s anticipation of rising inflation. Recent indicators, such as a 1-month annualized PCE inflation rate approaching 4%, indicate that the current wave of inflation is far from over. Traditionally, gold serves as a hedge against inflation, but in this context, gold’s surge also serves as a benchmark for the diminishing purchasing power of fiat currencies.

By maintaining its value while fiat currencies face devaluation, gold effectively re-establishes its worth relative to these currencies. This recalibration hints at an eventual restructuring of currency systems to include gold-backed currencies, a foundational component of the GCR.

Trade Wars and Global Economic Realignments

The rising tensions between the United States and China, marked by anticipated new trade tariffs, have also bolstered gold’s appeal. Trade wars destabilize fiat currencies by introducing volatility and reducing investor confidence. The last major trade conflict in 2019 caused a significant shift in global currency dynamics, and the current trajectory indicates similar disruptions.

Gold’s surge highlights its increasing role as a stabilizing asset during geopolitical disruptions. As nations consider realigning their currencies with tangible assets to protect against such volatility, gold-backed currencies become a natural choice. These dynamics echo preparations for the RV, where currencies are revalued based on tangible reserves and economic fundamentals.

US Deficit Spending and Its Implications

The United States is currently running a deficit of nearly 10% of GDP, levels not seen since the 2008 financial crisis. This surge in borrowing has flooded bond markets with supply, driving yields higher and causing uncertainty about the long-term sustainability of the dollar as the world’s reserve currency.

Gold’s concurrent rise indicates that markets are already pricing in a loss of confidence in fiat currencies tied to ballooning debt. As deficits climb and the need for monetary reform grows, gold’s surge reinforces the likelihood of a move toward gold-backed currencies. This transformation aligns with the broader goals of the GCR and RV: to stabilize global monetary systems and restore trust in the value of currencies.

Fiat Currencies Revaluing Against Gold

The current market dynamics suggest that many fiat currencies are implicitly undergoing a devaluation process relative to gold. While this shift is not yet formalized, it reflects an acknowledgment of gold’s enduring value in contrast to the declining worth of paper money. This trend is particularly evident in:

• Emerging Markets: Nations with struggling currencies, such as Argentina and Turkey, have seen gold demand skyrocket as citizens seek to protect their wealth from inflation and devaluation.

• Central Bank Policies: Central banks worldwide are increasing their gold reserves, a move that signals a strategic pivot toward asset-backed financial systems. Countries like Russia, China, and India have been particularly aggressive in their gold acquisitions, preparing for a potential rebalancing of the global currency hierarchy.

As these patterns unfold, fiat currencies are effectively being measured and adjusted against gold’s surge, setting the stage for an eventual revaluation within the GCR framework.

Gold’s Surge and the Path Toward Gold-Backed Currencies

The notion of asset-backed currencies, particularly those tied to gold, has gained traction in recent years. Under this system, fiat currencies derive their value from tangible reserves, providing a more stable and transparent monetary foundation. Such a shift addresses many of the systemic issues plaguing the current fiat system, including unchecked debt accumulation, inflationary pressures, and currency manipulation.

In the context of the RV, this transition recalibrates national currencies to reflect their gold and tangible asset reserves. For example:

• Nations with substantial gold reserves, like the United States and China, will see their currencies strengthened.

• Countries with weaker reserves may experience devaluations but gain stability through a more balanced and equitable system.

The Implications of a Gold-Backed Reset

As gold continues its historic run, its role in the global monetary system is being reconsidered. Whether through formal policy changes or implicit market adjustments, fiat currencies are realigning against gold’s surge in preparation for what could be a transformative GCR and RV.

The benefits of such a reset are manifold:

• Stabilized Currency Values: Anchoring currencies to gold reduces the volatility and inflationary risks inherent in fiat systems.

• Restored Global Trust: An asset-backed system enhances transparency and trust in international monetary policies.

• Enhanced Economic Equilibrium: By basing currency values on tangible reserves, the global economy achieves a more equitable and sustainable balance.

The Bottom Line

The rising price of gold is more than just a reaction to market conditions; it signals deeper shifts in the global financial order. As fiat currencies lose ground to inflation, debt, and geopolitical uncertainty, gold’s surge demonstrates its position as a definitive measure of monetary value.

In the context of the GCR and RV, this trend indicates that a transition to gold-backed currencies is not just probable but imminent. The revaluation of fiat currencies against gold represents a pivotal step toward restoring stability, trust, and fairness in the global monetary system. Gold’s historic strength today is poised to redefine the financial landscape for years to come.

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“Tidbits From TNT” Friday Morning 11-22-2024

TNT:

Tishwash:  MP Hassan Al-Asadi brings good news to a group of those covered by Article 140

Member of Parliament Hassan Al-Asadi announced, today, Thursday (November 21, 2024), good news for a group of those covered by Article 140.

Al-Asadi said in a statement received by "Baghdad Today", "After continuous follow-up with the Committee for the Implementation of Article 140 of the Constitution of the Republic of Iraq, approval was obtained to promote the transactions of the article for those who have a receipt for the years (2018, 2019, 2020) on Sunday, corresponding to 11/24/2024, at the committee's office in the city of Nasiriyah."  link

Tishwash:  Because it contains a political aspect.. Parliamentary Wealth: The Oil and Gas Law faces difficulties

Member of the Parliamentary Oil, Gas and Resources Committee, Ali Abdul Sattar, confirmed today, Thursday, that the Oil and Gas Law has been facing difficulties since 2008. 

Abdul Sattar told Al-Maalouma Agency, “The oil and gas law faces difficulties within the House of Representatives because it contains a political aspect between the region and the center.” 

He added that "the law regulates financial matters and oil management for all governorates, especially the governorates producing oil and gas," noting that "the reason for the law's suspension is that it contains points of contention with the region."

He explained that "the law is still in the government's registry and has not been sent to the House of Representatives, despite the ongoing dialogues and discussions between the Baghdad government and the regional government." 

He added, "The dispute is still ongoing between Baghdad and Erbil over the oil file, and we are waiting for it to be resolved and for the law to be sent to the House of Representatives for discussion and approval."  link

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Tishwash:  Economist: Government should exploit rising oil prices and implement sound financial management

An economic expert called on the government to exploit the circumstances of rising oil prices and implement sound financial management.

Rashid Al-Saadi told Al-Furat News Agency: "The rise in global oil prices is due to the impact of political circumstances. With the intensification of the Russian-Ukrainian war and the challenges facing the region, in addition to the decision of the International Criminal Court regarding Netanyahu and his Minister of War, and Israel's threats to Iraq and the pressure in the region, oil importing companies are being prompted to take precautions and be careful, and the political and security factor is the decisive and influential factor in the rise in oil prices."

He explained that "Iraq's benefit from this rise is that every dollar in which oil rises serves Iraq by no less than a billion dollars annually and strengthens its budget according to the size of its production."
Al-Saadi stressed, "The government must exploit the circumstances and the rise, because as soon as there is stability in the near or distant future, oil prices may drop significantly. This is a call for the government to manage the state's finances in a rational manner."   link

Tishwash:  Dollar-Dinar Exchange Rate Gap: Causes and Treatments 

Iraq relies in its monetary policy to monitor the change in the value of its dinar against the dollar on a fixed exchange rate peg system, as the overall policy aims

to reduce the gap between the official and actual exchange rates and stabilize it close to the target exchange rate, curbing inflation, stimulating markets, commercial, financial and investment transactions, and stimulating growth.

Therefore, reducing the exchange gap at the target exchange rate level is one of the prominent issues facing the economic policy maker in Iraq in order to limit the major repercussions that go beyond the economic scope and crystallize significantly in the social stability of the country.

This gap becomes more evident through the variation in the dollar exchange rates and the fluctuation of the real value of the dinar, either positively generating revenue or negatively generating additional costs that cause repercussions on purchasing power without taking into account individuals and economic units, negatively affecting local and foreign savings and investment. The more the gap varies, the greater the economic cost of investment and the higher the levels of inflation, which increases the suffering of the limited-income family sector.

It has become known that the size of the Iraqi economy's GDP depends very heavily on the oil dollar, which is the main source of the Ministry of Finance's resources, instead of the non-oil dollar, which is called the non-oil export dollar, which has very low flexibility, resulting in a sharp decline in credit deposits in the accounts of traders exporting goods in Iraqi banks in exporting countries.

This dependence exposes the exchange gap to fluctuations in the global oil market. When global oil prices rise, we witness a decrease in the exchange gap due to the increase in the supply of the dollar, while in contrast, during periods of economic recession or when oil prices fall, the gap increases significantly when the government is unable to provide an adequate supply of dollars in the official window for buying and selling dollars. In such cases, traders are forced to search for alternatives through the parallel market, which exacerbates price pressures on the weakest groups.

Referring to the reasons that widened the exchange gap, they are multiple. In addition to what was mentioned above, the reasons can be traced according to the axis of indirect reasons that are linked to the country's trade policy and the problems of border crossings related to dollar smuggling, including those related to activating the role of crossings as an authentic source of revenue. There are also indirect reasons that have a political and security nature and medium- and long-term repercussions on the movement of money and investment.

While economic and monetary reasons stand out at the forefront of direct or technical reasons, some of them are related to the nature of the banking system and the extent of its credit capacity and the level of banking compliance with the monetary and credit conditions of the Federal Reserve, which affects the levels of supply of the petrodollar.

Therefore, we find that many international banks refuse to work as correspondent banks due to the low credit rating of our banking system as a result of smuggling operations, money laundering and sanctions that affect a third of Iraqi banks. Therefore, we find that they do not stand up in this regard, except for banks that have external partnerships with Arab banking capital. They derive international acceptance from the quality of the credit rating of those countries, which facilitates the process of opening accounts with correspondent banks. Therefore, there is fear that pressures on the dollar exchange rate will increase, widening the gap.

It is also noted that among the technical reasons that led to the widening of the gap are the successive changes in the official exchange rate threshold taken by successive government administrations.

The gap witnessed a transition at the end of 2020 from the stable situation in which the gap between the official exchange rate of 0.118 dinars per dollar and the actual exchange rate of 1,200 dinars narrowed, to raise the threshold in 2021 to 1,450 due to the decision of the Central Bank at the time. Then the threshold rose this time after the Council of Ministers approved in February 2023 the decision of the Board of Directors of the Central Bank of Iraq to amend the official exchange rate of the dollar against the dinar, to the threshold of 1,300 dinars per dollar.

By following the parallel dollar exchange rate in November of this year 2024, we find that it has reached the limits of 1500 dinars per dollar and exceeded it, and that the Central Bank’s selling price for cash dollars, transfers, documentary credits, and international settlements for electronic cards is at the threshold of 1300 dinars per dollar. Therefore, it is concluded that the gap in the dollar exchange rate against the dinar is still widening despite the pressures of the Federal Reserve and the Central Bank’s efforts towards compliance.

Therefore, dealing with the gap between official and actual spending should require comprehensive, integrated policies that target technical and non-technical treatments within medium- and long-term planning, the most important of which are:

Reforming the structure of the banking system, developing its efficiency, and raising the levels of its credit capacity and the flexibility of its banking compliance.

Developing tools for targeting inflation and exchange rates, which would help reduce the exchange gap and achieve price stability.

Implementing solid reforms in the financial and monetary sectors to enhance the flexibility of banking performance in accordance with the SWIFT global financial settlement system.

Coordination between fiscal and monetary policies to achieve the target exchange rate by rationalizing government spending and tightening control over the money supply.

Economic policy should enhance transparency in all financial and banking operations, by implementing clear and strict control systems to contain opportunities for corruption and exploitation of the exchange gap.

Deepening the mechanisms of border control and combating administrative corruption to increase total revenue.

Government authorities must maintain and enhance security and political stability to contribute to building confidence between local and foreign investors on the one hand and the investment environment on the other, which will stimulate further stability and growth.

Formulating an economic policy that targets technical solutions to expand the non-oil production base, and serious planning on how to diversify sources of income for the overall economy. The path of developing the agricultural and industrial sectors will be the decisive factor in reducing imports and stimulating the growth of fixed capital accumulation for the private sector. Hence, the demand for the dollar for consumer import purposes will decrease.  link

Mot: .. Happy New Day!

Mot: .... Now I Get it!!!  

8 Money Moves the Rich Make When Planning a Move

I’m a Financial Expert: 8 Money Moves the Rich Make When Planning a Move

Cindy Lamothe   Wed, November 20, 2024   GOBankingRates

When the wealthy plan a move, it’s not just about packing boxes — it’s a strategic financial event. According to experts, they often engage in meticulous planning to optimize their assets and liabilities during this transition.

GOBankingRates spoke with Dennis Shirshikov, head of growth at GoSummer and professor of finance at City University of New York, and Melanie Musson, finance expert with Insurance Providers, to discuss the money moves the rich make when planning a move.

“When wealthy people plan a move, they hire professional movers to package their items, pack them on a truck and unload them in their new house,” said Musson. “Wealthy people use their money to make updates and upgrades to their new house before they move in. They don’t have the financial constraint of needing to move in right away.”

Building Up Savings First

According to Musson, in advance of moving, wealthy people build their savings, so they can make a down payment and purchase a home without the contingency of selling their current house.

“Even though they’ll usually sell their old house, the need to do so won’t hinder their chances of getting their offer accepted for their new house,” she explained.

Purchasing Custom Furniture

“Wealthy people get custom furniture for their new house,” Musson said. “They don’t try to make their couch and chairs work in a new space.”

Instead, she said they purchase the right size and color to complement the new space.

Tax Optimization Strategies

One of the first steps, according to Shirshikov, is consulting with tax advisors to understand the implications of moving to a new state or country. For example, relocating from a high-tax state like New York to a no-income-tax state like Florida can result in significant savings.

“They might accelerate income or defer deductions to take advantage of more favorable tax rates post-move,” he added.

Reevaluating Investment Portfolios

“Wealthy individuals often reassess their investment portfolios to ensure they align with their new circumstances,” said Shirshikov.

He said this could involve liquidating certain assets or investing in local opportunities.

“I recall a client who, before moving abroad, diversified into international markets to hedge against currency fluctuations,” he said.

TO READ MORE:  https://finance.yahoo.com/news/m-financial-expert-8-money-140044746.html 

Seeds of Wisdom RV and Economic Updates Thursday Evening 11-21-24

Good Evening Dinar Recaps,

INDUSTRY EXECS SEEK POSITIONS ON TRUMP’S CRYPTO ADVISORY COUNCIL

President-elect Trump promised the establishment of a strategic Bitcoin ‘stockpile’ during the Bitcoin 2024 event in Nashville Tennessee.

Industry executives are reportedly seeking a seat at President-elect Donald Trump’s highly-anticipated crypto advisory council, which will be responsible for crafting regulatory policy and expected to establish a Bitcoin strategic reserve.

According to a Reuters report, Coinbase, Ripple Labs, and venture capital firm a16z are among some of the firms looking to join the council. 

The council may be nestled under the White House’s National Economic Council, but this is not certain, and the council may operate as a separate, standalone entity.

Speaking at the North American Blockchain Summit on Nov. 21, Bitcoin advocate and co-founder of the Satoshi Action Fund Dennis Porter explained the importance of establishing a Bitcoin strategic reserve in the United States:

"A great way for us to protect ourselves from outside influence — undue influence from our foreign adversaries — is to be in the market buying and selling Bitcoin, acting as a shock absorber for all the incredible Bitcoin miners that we have here in this country."

Porter continued by comparing the establishment of a Bitcoin strategic reserve to the Louisiana Purchase in 1803 and the US government’s acquisition of Alaska in 1867 — a point previously stated by MicroStrategy CEO Michael Saylor.

“We bought these things for pennies on the dollar,” Porter remarked and argued that the US has the same option to do the same today by adopting Bitcoin as a reserve asset before other countries beat the US to the punch.

The race is on for a Bitcoin strategic reserve
Senator Cynthia Lummis — who introduced the Bitcoin strategic reserve bill to the Senate earlier in 2024 — recently argued that the Treasury Department should convert some of its gold to Bitcoin to seed the strategic reserve with assets.

Pro-Bitcoin investor and asset manager Anthony Pompliano also remarked that the Bitcoin race between sovereign powers is underway in a Nov. 16 appearance on Yahoo Finance, and urged the US government to “Get as much Bitcoin onto the balance sheet as possible.”

However, not all industry participants are optimistic about the Bitcoin strategic reserve being established under the incoming Trump administration.

Galaxy Digital CEO Mike Novogratz previously opined that he believes a Bitcoin strategic reserve is unlikely under a Trump administration, but also forecasted a $500,000 Bitcoin price tag if the strategic reserve is founded in the near term.

@ Newshounds News™

Source:  CoinTelegraph

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CHARLES SCHWAB TO ENTER SPOT CRYPTO MARKET ONCE REGULATIONS IMPROVE

Incoming CEO Rick Wurster emphasized readiness to capitalize on evolving regulations and anticipates significant industry impact.

Charles Schwab Corp. is gearing up for a foray into the spot crypto market, signaling a strategic pivot for the financial giant in anticipation of regulatory clarity.

Incoming CEO Rick Wurster disclosed the company’s plans during a Bloomberg Radio interview on Nov. 21, emphasizing Schwab’s readiness to capitalize on evolving regulations.

Wurster said:

“We will get into spot crypto when the regulatory environment changes, and we do anticipate that it will change. We’re getting ready for that eventuality.”

His comments mark a notable shift for Schwab, which has so far limited its crypto exposure to products like exchange-traded funds (ETFs) and futures.

VanEck’s Matthew Sigel noted that the firm’s entry would be a significant moment for the industry and highlighted Wurster’s admission of regret, who said during the interview:

“I have not bought crypto, and now I feel silly.”

Competition and timing
Schwab’s move comes as competition intensifies among retail-focused investment platforms vying for investor dollars. Rival firms like Robinhood Markets and Interactive Brokers have already integrated spot crypto trading, forcing Schwab to reassess its cautious approach.

The so-called “Trump trade,” fueled by President-elect Donald Trump’s victory and its implications for crypto-friendly policies, has further accelerated the industry’s momentum.

Schwab’s current offerings focus on crypto-linked ETFs and futures contracts, allowing clients indirect exposure to the digital asset market. However, industry observers have long speculated that the firm would eventually embrace direct trading to remain competitive.

Adding to the speculation, Sigel hinted at behind-the-scenes activity, stating that a prominent crypto asset manager recently approached Schwab to pitch a partnership. 

While details remain unclear, such collaborations could provide Schwab with a quicker and less risky entry into the spot market, leveraging established expertise to navigate operational and regulatory challenges.

Broader institutional shift
Shwab’s evolving stance mirrors a broader shift in institutional attitudes toward digital assets. With regulatory clarity potentially on the horizon, major players in traditional finance are increasingly exploring direct crypto exposure.

The firm’s strategic pivot could position it as a key player in the next wave of crypto adoption, bridging the gap between traditional finance and the burgeoning digital economy.

For now, Schwab appears to be laying the groundwork, aiming to meet investor demand while mitigating risks. The timeline for its entry into spot crypto markets, however, hinges on the regulatory landscape and the firm’s ability to execute its plans effectively.

@ Newshounds News™

Source:  Crypto Slate

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🌱 SEC CHAIR GENSLER TO DEPART AGENCY ON JANUARY 20 - What it means  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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Thursday Evening News with MarkZ and Dr. Scott Young. 11/21/2024

Thursday Evening News with MarkZ and Dr. Scott Young. 11/21/2024

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good evening everyone…. wouldn't it be nice for the RV to go off this weekend

Member: Be even nicer if it happened tonight.

MZ: “ US Business delegation visits the Kurdistan region.”  A whole crew from the US to invest in Kurdistan”. Along with the HCL and the census- I hope you all are paying attention.

MZ: “Basra Refinery upgrade project” Japan signs a $388 million dollar loan . This will greatly increase revenue for the Iraqi government. This helps them justify and support a higher value to their currency.

MZ: “Planning the announcement of the preliminary results of the general census of Iraq next week” Early next week is in about 4 days. I have a feeling this may be what we are waiting for. Many in Iraq say they are waiting on this for distribution of funds and to change the value. I hope so.

MZ: “Global Economic risks spark calls to tie US dollar to gold again” Some economists advocate a return to the gold standard. The fiat system is the root cause of government over spending and inflation.It’s nice to see people waking up to what we have been telling them for some time now. This plan has been worked on for decades  and now it’s coming to fruition.  

MZ: Unfortunately the bond and bank side is still quiet. The group and Indian nation side is still quiet. CMKX and Prosperity package side is still quiet. I wish I had more for you.

Member: We are glad you don’t make stuff up Mark to ramp us up…….thank you.

Member: months ago there was reports of nda's with people til Thanksgiving.....well we are almost there

Member: its just going to happen….suddenly…IMO

Member: If the RV went off this weekend it would bring a new meaning to Thanks Giving. Keep praying.

Member: Have a blessed night and sweet RV dreams.

Dr. Scott joins the stream tonight. Please listen to the relay for his information and opinions.

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

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

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

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

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

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Youtube:     https://www.youtube.com/watch?v=Iqn2rlefsMg

More News, Rumors and Opinions Thursday PM 11-21-2024

KTFA:

Clare:  Iraqi Parliament Speaker visits Erbil

11/21/2024

The Speaker of the Iraqi Parliament, Mahmoud Al-Mashhadani, headed to Erbil, the capital of the Kurdistan Region, today, Thursday.

The media office of the Council President stated in a statement that this visit comes to attend the activities of the "Middle East Peace and Security Forum", which is one of the forums that address enhancing dialogues and discussions on challenges in the Middle East.

This is Al-Mashhadani's first visit to the region since assuming his new position as Speaker of the Iraqi Parliament at the end of last October, succeeding Mohammed Al-Halbousi, who was dismissed by the judiciary, and after this position remained vacant for several months.  LINK

Clare:  Planning: Announcement of preliminary results of the general census in Iraq will be next week

11/21/2024

The spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said on Thursday that the ministry will announce the preliminary results of the general population census next week.

Al-Hindawi added in a special statement to Shafaq News Agency that the population census includes three stages, the first of which is the numbering and enumeration stage, which began on the first of September and ended on the 30th of October.

He added that the second stage is counting the population and recording their basic data, which takes place during the curfew on Wednesday and Thursday.

Al-Hindawi also pointed out that the third phase, which is the last, begins after the end of the second phase and continues until December 10, explaining that the third phase includes detailed data on the population, which are the social and economic characteristics of the population.

The spokesman continued by saying: The initial results will be announced after collecting and verifying the data, and this will be next week, either on Sunday or Monday, stressing that the announcement will be at an official press conference, and will include the results of the population of Iraq, the population of each governorate, the number of males and females, and age groups.  LINK

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

Mnt Goat    Article:  “DELETE ZEROS AND EVALUATE THE DINAR“  this…new article…by Ali Daadoush, the Iraqi economists… is concentrating on the revaluation part giving examples of countries that recently revalued and how it worked. The part that sparked my interest the most was…quote:  “After the revaluation, it was linked to a basket of global currencies.”  He was referring to the Chinese government Yuan and its revaluation of its currency in 2005, which was then linked to the US dollar prior to the revaluation. However, after the revaluation, it was linked to a basket of global currencies…I believe he is telling the citizens of Iraq that this also is what will occur to the IQD when it too revalu

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:  Mr Sammy said that soon all that will be on the news from now on to educate the Iraqi citizens will be on the currency being pegged to a basket and what currency. FRANK:  Dear God! …They’re already done educating you on the internal actions of lifting the three zeros.  Now hey are educating you on the monetary from externally, the float, which actually has nothing to do with you Iraqi citizens…This is incredible! …It really indicates you are at the very end.  It’s soon to be given to you.

(THE US/WORLD ECONOMIC COLLAPSE IS WORSENING FASTER). AND THERE IS NO WAY TO STOP IT!

Greg Mannarino:  11-21-2024

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

Debt-Fueled Spending Crisis: Target Sounds the Alarm

Taylor Kenny:  11-21-2024

The 2024 holiday shopping season is shaping up to be one of the worst yet. With half of Americans still carrying holiday debt from last year, the cracks in the economy are becoming more evident. In this video, Taylor Kenny dives into the rising consumer debt, retail struggles, and the alarming trends we're seeing in credit card balances, layoffs, and insider selling.

 As we head into a challenging holiday season, it’s more important than ever to consider how these economic factors affect your financial future and what you can do to protect yourself.

CHAPTERS:

 00:00 - Introduction: The Holiday Shopping Debacle

00:24 - Rising Holiday Debt: 46% of Americans Still Owe from Last Year

01:00 - The Impact on Retail: Target's Weak Holiday Season

02:06 - Why Consumers Are Struggling: Inflation and Budget Cuts

 03:12 - Record High Credit Card Debt: $1.17 Trillion and Rising

 04:16 - The Dangers of Financing Basic Living Costs

05:15 - Insider Selling: A Warning Sign from Corporate Executives

 06:02 - The Layoff Crisis

07:02 - Why the Economy Isn’t as Strong as They Say

https://www.youtube.com/watch?v=BH1jhK_Pg7k

Iraq Economic News and Points to Ponder Thursday Afternoon 11-21-24

Al-Najjar: The Development Fund Aims To Mobilize Iraqis’ Savings Estimated At $70 Billion
 
Money and Business  Economy News – London   The Executive Director of the Iraqi Development Fund, Muhammad al-Najjar, said on Wednesday that the Fund has six goals, one of which is mobilizing the savings of the Iraqi people.
 
Al-Najjar said during a symposium organized by the Chatham House research center in Britain and attended by the “Al-Iqtisad News” correspondent, that “the Iraqi government has begun to reform many economic laws that will regulate the lives of citizens and preserve their rights.”

He added,  "The Iraqi Development Fund has 6 goals, including mobilizing the private savings of the Iraqi people, estimated at 60-70 billion dollars."

He stated that   "the development road is considered one of the most important strategic projects for Iraq, and several countries will participate in it.
 
It will also shorten the time for transporting goods by 15 days." Al-Najjar continued,
 
"Women in Iraq wear gold worth 18 billion dollars," pointing out that
 
"Iraq needs 8,000 schools, so the Iraqi Development Fund granted land to build schools."
 
views 324     Added 11/20/2024 - 5:32 PM   https://economy-news.net/content.php?id=50051   

What Is The Relationship Between The Population Census And The National Development Plan? Al-Sudani’s Advisor Explains

Money and Business   Economy News – Baghdad  Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed today, Thursday, that the National Development Plan 2024-2028 is in dire need of the results produced by the 2024 General Population and Housing Census.

Saleh said: “The population census is the cornerstone of achieving a fair distribution of resources among different populations. It gives decision-makers a comprehensive view of population needs and helps them reduce disparities between different groups and regions. By using its results correctly, and through it, census data, balanced development and greater social justice can be achieved.”

He added that "the population census enables the government and its planning apparatus to build economic policies that take into account the geographical and population distribution, which enhances the fair use of national resources such as energy, water, and others."

Saleh added that “the census helps to reveal deprived areas or areas that suffer from a lack of government investment, which supports directing policies towards reducing the development gap between urban and rural areas. Thanks to the information derived from the census, targeted social support programs can be designed precisely, such as distributing subsidies, providing social care services, or building housing projects for low-income groups, etc.”

He stated that "the census results highlight the population groups that suffer from poverty and unemployment, or lack of basic services such as health, education and necessary infrastructure, which allows the government to direct support and resources to these groups directly,"

noting that "census data is used as a basic tool for the state and the relevant planning institutions to direct policies and resources in a way that achieves social and developmental justice at the same time, and that the National Development Plan 2024-2028 is in dire need of reviewing its path in terms of development justice and resource distribution according to the results produced by the comprehensive population census."  178 views  11/21/2024 - https://economy-news.net/content.php?id=50072

Iraq's Fuel Oil Exports Set To Hit Record Annual High

Buratha News Agency552024-11-20  Iraq's fuel oil exports are set to hit an all-time annual high this year after the country boosted shipments in October amid falling domestic demand even as production increased, sources and shipping data said, Reuters reported.

The increase in fuel oil exports will support the oil revenues of OPEC's second-largest producer despite stagnant crude shipments this year due to production curbs put in place by the OPEC+ alliance, which includes OPEC and other allies.

Increased Iraqi exports are also expected to contribute to increased global supply and reduce rising prices in Asia while reducing raw material costs in refineries.

Iraq's fuel oil exports are expected to exceed 18 million metric tons (380,000 barrels per day) in 2024, a record annual volume, surpassing last year's record of more than 14 million tons, according to calculations based on data from Kepler and the London Stock Exchange Group.

Exports topped 2.15 million metric tons in October, the highest monthly level on record, according to Kepler and the London Stock Exchange Group.   https://burathanews.com/arabic/economic/452904

Prime Minister's Advisor: National Development Plans Depend On Census Results

Money and Business  Economy News – Baghdad  The Prime Minister's Financial Advisor, Mazhar Mohammed Saleh, confirmed today, Wednesday, that the population census data will direct government investments to improve infrastructure and services, while indicating that national development plans will depend on the census results.

The Prime Minister's Advisor, Mazhar Mohammed Salih, said in an interview with the Iraqi News Agency, which was followed by "Al-Eqtisad News", that "the population census represents a basic strategic tool for achieving sustainable economic growth in Iraq."

He stressed that "the data resulting from this census will contribute to improving government administration, enhancing governance levels, as well as supporting investment and increasing the efficiency of resource use to achieve comprehensive economic development."

Saleh pointed out that “the comprehensive population census provides many essential axes that contribute to achieving these goals, the most prominent of which are:

1. The census helps identify areas that suffer from a lack of services and infrastructure, which directs government investments to improve these sectors, as these investments include water services, roads, electricity, schools, hospitals, and banks.

2. The census provides a detailed database for drawing up effective housing policies.

3. Through detailed data on the workforce, the government can develop policies to support employment, train workers, and stimulate productive sectors to serve the national economy.

4. The comprehensive population census allows for the collection of accurate information on the population size, its geographical distribution, age groups, and educational level, in addition to its contribution to helping the government and the private sector plan better, and determine economic priorities and optimal policies within national development plans, especially the 2024-2028 development plan.  195 views   11/20/2024 - https://economy-news.net/content.php?id=50037

Al-Sudani Directs To Equip Border Forces With Modern Weapons And Secure All Their Technical And Security Requirements /Expanded

Thursday 21 November 2024 20:18 | Politics Number of readings: 232  Baghdad / NINA / The Commander-in-Chief of the Armed Forces, Mohammed Shia al-Sudani, directed to equip the border forces with modern weapons and secure all their technical and security requirements.

A statement from his office stated that al-Sudani, today, Thursday, visited the headquarters of the Border Forces Command in Baghdad, during which he laid a wreath of flowers on the Martyrs' Mural, and recited Surat Al-Fatihah in memory of the souls of the heroic martyrs of the Border Forces.

Al-Sudani listened to a briefing on the overall activities, tasks and duties of the Border Guard Forces, and the development of the work it witnessed during the past two years, in addition to a detailed explanation of the security situation and the progress of implementing the plans prepared to combat the remnants of the terrorist ISIS, combat organized crime and drug gangs, and confront security challenges.

The Commander-in-Chief of the Armed Forces stressed that the technical and administrative work of the Border Forces, the occupancy of police stations, and the installation of towers, cameras and barriers have reached their best levels compared to previous years, and is considered a distinction in the face of security challenges of all kinds.

Al-Sudani explained that the Council of Ministers, through its various decisions, provided all the requirements for maintaining and securing the borders, especially in light of the complex regional security conditions, the repercussions of the continued Zionist aggression on Gaza, Lebanon and Syria, and its efforts to expand the aggression in the region, which represents the most important sources of danger threatening Iraq's security and stability.

Al-Sudani directed the officers and commanders to take care of the affairs of the recruits and follow up on their requirements, establish justice in the distribution of duties, and the importance of adopting the continuous rotation process in the forces and units, to maintain the implementation of tasks in the best possible way.

He also directed the competent authorities to work on providing the border forces with modern weapons and continue working to ensure the security of all borders, combat drugs and cross-border crime, and all forms of violations that harm the security and sovereignty of Iraq. / End 9. https://ninanews.com/Website/News/Details?Key=1170344

Gold Extends Gains For Fourth Straight Session

Thursday 21 November 2024 | Economic Number of readings: 273  Baghdad / NINA / Gold prices rose today, Thursday, for the fourth consecutive session, supported by increased demand for safe havens amid the escalation of the Russian-Ukrainian war, at a time when investors are awaiting indicators of interest rates in the United States.

Spot gold contracts rose 0.3 percent, recording $ 2657.41 per ounce, and US gold futures also rose by the same percentage, recording $ 2660 per ounce.

As for other precious metals, silver rose in spot transactions by 0.8 percent, recording $ 31.11 per ounce, and platinum rose 0.4 percent, recording $ 965.30 per ounce.

Palladium also rose 0.7 percent to $ 1027.84 per ounce. / https://ninanews.com/Website/News/Details?key=1170227

Oil Rises Amid Supply Concerns

Thursday 21 November | Economic Number of readings: 336  Baghdad / NINA / Oil prices rose on Thursday, amid concerns about supplies, after the escalation of geopolitical tensions related to the Russian-Ukrainian war.

Brent crude futures for January delivery rose 28 cents, or 0.4 percent, to $73.09 a barrel.

US West Texas Intermediate crude futures for January delivery also rose 28 cents, or 0.4 percent, to $69.03 a barrel.

The US Energy Information Administration said yesterday that crude and gasoline inventories in the United States rose, while distillate inventories fell during the week ending November 15.

It added that crude inventories rose by 545,000 barrels to 430.3 million barrels during the week. / End2

https://ninanews.com/Website/News/Details?key=1170220

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