4 Mistakes That Make You Feel Like You’re Living Paycheck to Paycheck
4 Mistakes That Make You Feel Like You’re Living Paycheck to Paycheck, According to Ramit Sethi
Marc Guberti Fri, November 22, 2024 GOBankingRates
While it’s easy to come across statistics that show how many people are living paycheck to paycheck, Ramit Sethi provides various insights that suggest the opposite. It turns out people are doing better financially than what has been portrayed.
In a recent video, Sethi mentioned research that states 82% of individuals believe their finances are good or very good. Furthermore, the median American household has a $192,900 net worth and $8,000 stored in their checking and savings accounts.
4 Mistakes That Make You Feel Like You’re Living Paycheck to Paycheck, According to Ramit Sethi
Marc Guberti Fri, November 22, 2024 GOBankingRates
While it’s easy to come across statistics that show how many people are living paycheck to paycheck, Ramit Sethi provides various insights that suggest the opposite. It turns out people are doing better financially than what has been portrayed.
In a recent video, Sethi mentioned research that states 82% of individuals believe their finances are good or very good. Furthermore, the median American household has a $192,900 net worth and $8,000 stored in their checking and savings accounts.
Even with these optimistic data points, many people are still living paycheck to paycheck. Sethi presented common mistakes that make people feel like they have less than they really have. He also highlighted solutions that can help you feel better about your finances.
Lying To Yourself
Sethi started the video by mentioning the difference between not having enough money and making financial decisions. Some people who spend their entire paycheck each week allocate some of their cash toward tuition, a luxury car and other items.
Sethi went on to say that most people’s feelings about money do not match how they spend it. They may not feel like they have enough, but they are deploying their cash toward worthwhile expenses.
The “I Will Teach You To Be Rich” author provides an action step to address each mistake that makes you feel like you are living paycheck to paycheck. For this one, Sethi suggested creating a guilt-free spending account. After accounting for fixed costs, savings and investments, you can set aside some cash that you can spend as you wish.
This approach will allow more people to realize that they are using their hard-earned cash for discretionary expenses, which is a meaningful difference from living paycheck to paycheck.
You Don’t Have a ‘Financial Moat’
A financial moat offers a buffer of safety in case you lose your job. Sethi recommended setting up an emergency fund that covers three to six months of your expenses. For instance, if you spend $3,000 per month, you should build an emergency fund that has $9,000 to $18,000.
It’s important to keep this account separate from your checking and savings accounts. That way, you won’t mix up funds and can keep your finances more organized. Sethi’s action step for this common mistake is to gradually build your emergency savings. Even if you start at just $100 per month in your emergency savings account, it will grow over time. You can also capitalize on a high-yield savings account so your bank does some of the legwork for you.
TO READ MORE: https://www.yahoo.com/finance/news/4-mistakes-feel-living-paycheck-170100438.html
“Tidbits From TNT” Saturday Morning 11-23-2024
TNT:
Tishwash: Parliament resumes its sessions next week... and clarification of the mechanism for extending its legislative term
A member of the Parliamentary Legal Committee explained the mechanism for extending the legislative term of the House of Representatives.
Aref Al-Hamami told Al-Furat News Agency that "extending the legislative term of the House of Representatives does not require a vote, but rather only a decision from the Speaker of the House and his deputies to decide the legislative term."
He added, "The next session is scheduled to include the general amnesty and personal status laws, and work will be done to resolve them."
TNT:
Tishwash: Parliament resumes its sessions next week... and clarification of the mechanism for extending its legislative term
A member of the Parliamentary Legal Committee explained the mechanism for extending the legislative term of the House of Representatives.
Aref Al-Hamami told Al-Furat News Agency that "extending the legislative term of the House of Representatives does not require a vote, but rather only a decision from the Speaker of the House and his deputies to decide the legislative term."
He added, "The next session is scheduled to include the general amnesty and personal status laws, and work will be done to resolve them."
He added, "There is nothing new regarding the 2025 budget schedules, and we are waiting for them to arrive from the government."
The Speaker of the House of Representatives decided on the fourth of this month to resume sessions next week after the completion of the population census operations in the country. link
Tishwash: Expectations of an "elite" Iranian delegation arriving in Baghdad.. 3 files on the table
An informed source expected, today, Friday (November 22, 2024), the arrival of an elite Iranian delegation to Baghdad within the next 72 hours.
The source said in an interview with "Baghdad Today", "Tehran has indirect lines of communication through 3 Arab countries, including Baghdad, with the White House to convey messages and positions regarding developments in the Middle East and ways to prevent it from reaching the stage of comprehensive war."
He added that "an elite Iranian delegation may arrive in Baghdad within the next 72 hours to discuss Tehran's positions on three files, most notably Gaza and Lebanon, the importance of stopping the war, and its vision of the situation and the roadmap that could stop the tensions at a certain point."
He pointed out that "Tehran is very open to the issue of stopping the war as quickly as possible and pressuring Western countries, including America, in order to move the pressure tools on the entity and stop the genocide machine," noting that "all indicators show that the Middle East is facing rapid changes, and the language of diplomacy may be slightly higher for the first time than the language of war."
In a related matter, an informed source revealed, on Thursday (November 21, 2024), an Iranian message with positive content to Washington through Iraqi mediators.
The source said in an interview with "Baghdad Today", "Tehran sent yesterday, through Iraqi mediators, an indirect message to America about its vision for resolving the crisis and the dangerous escalation in the Middle East, starting with ending the war of extermination in Gaza and southern Lebanon, stopping the bombing in Beirut and seeking a roadmap with an international vision."
He added that "the Iranian message carried diplomatic signals in most of its lines, which means that it wants to reach a solution that ends the current conflict according to a vision with specific dimensions, while indicating that it does not want a comprehensive war, but will engage in it if it is imposed on it directly."
He pointed out that "it can be sensed that the Iranian military option on Tel Aviv has been postponed at the present time in light of undeclared international efforts to prevent the explosion of the Middle East, in addition to waiting to see the new American president and how he will deal with the files of the East and his promises to end the war."
The source said that "Iran has begun to tone down its rhetoric towards diplomacy, through which solutions can be reached that contribute to stopping the bloodshed, while declaring a firm position that it will not abandon the axis of resistance."
Iraq played the role of mediator in the indirect dialogue between Washington and Tehran, and contributed to preventing events from developing into a major regional comprehensive war. link
************
Tishwash: Protecting Iraq is an American duty: Security agreements are not just ink on paper
In a tense atmosphere that portends an unprecedented escalation, news continues about intensive security and diplomatic moves to prevent a confrontation between Israel and Iraq, against the backdrop of attacks by armed factions on Israeli sites. While Israel has filed an official complaint with the UN Security Council against Iraq, fears are growing of an “imminent” Israeli strike that could open the door to escalation in the region.
The political advisor to the Iraqi Prime Minister, Fadi Al-Shammari, said in press statements that “the Israeli threats have become tangible after the complaint that Tel Aviv filed with the Security Council.” He explained that the Iraqi government is working on more than one level to contain the crisis and avoid its disastrous repercussions.
Sources said that Baghdad received direct warnings from Washington that Israel was prepared to take military action unless the government could rein in the armed factions.
A source said that the Security Council is witnessing intense discussions regarding the Israeli complaint. He added: “Israel is trying to provide justifications for a possible military strike, claiming that the attacks are being launched from Iraqi territory with Iranian support.”
Washington in the circle of pressure
For its part, Washington finds itself in a sensitive position under the “Strategic Framework Agreement” with Baghdad, which imposes on it the responsibility to defend Iraq against any external threat.
However, observers believe that the American position may be less clear than it seems, as an analysis published by a Washington research center indicated that “Israel may resort to limited surgical strikes without waiting for a public green light from the United States.”
Between the field and diplomacy
A citizen named Ahmed Al-Saadi spoke about the tense atmosphere in a Facebook post, saying: “What is happening now brings to mind the atmosphere of war in the nineties. People here are afraid of the repercussions of any new confrontation.” In a tweet on the “X” platform, an account said: “If the news of an imminent Israeli strike is true, Iraq may witness one of its most complex crises since the fall of the former regime.”
Faction movements and internal balances
Field reports indicated that some armed factions have begun taking precautionary measures in preparation for any possible attack. A source close to one of the factions said in a private interview: “We are ready to defend Iraqi territory if Israel targets it.” But a citizen from Baghdad named Zainab al-Ali expressed her fears about the repercussions of these moves, saying: “Iraqis always pay the highest price in such conflicts.”
Future analysis and escalation expectations
According to strategic analyses, Israel is exploiting the escalation to impose a new equation in the region, which was confirmed by a reliable source, who said: “Any Israeli strike could be the beginning of an expansion of the conflict, as the factions will not only respond from within Iraq, but we may witness other fronts igniting.” He added: “The biggest fear is that Iraq will turn into an arena for settling regional scores.”
Iraq needs a unified position from political forces to ward off the Israeli threat, away from the divisions that have weakened the country over the past years.” link
Mot: They are Sooooooooooo thoughtful -- HUH!!!!
Mot: . Ohhhh Nooooo - the Weather is Upon Us!
FRANK26……11-22-24…..THE T EFFECT…
KTFA
Friday Night Conference Call
FRANK26……11-22-24…..THE T EFFECT…
This video is in Frank’s and his team’s opinion only
Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Friday Night Conference Call
FRANK26……11-22-24…..THE T EFFECT…
This video is in Frank’s and his team’s opinion only
Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE
Pre-Recorded MarkZ, Dr. Scott Young, and Zester on the Bitcoin act. 11/22/2024
MarkZ, Dr. Scott Young, and Zester on the Bitcoin act. 11/22/2024
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
MZ: This is a recorded video from this week on an interesting, proposed law that may give us an idea as to how the new financial system may work.
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
MarkZ, Dr. Scott Young, and Zester on the Bitcoin act. 11/22/2024
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
MZ: This is a recorded video from this week on an interesting, proposed law that may give us an idea as to how the new financial system may work.
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/
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
More News, Rumors and Opinions Friday PM 11-22-2024
KTFA:
Clare: Al-Sudani directs census teams to complete their mission tomorrow, Friday
11/21/2024
Prime Minister Mohammed Shia Al-Sudani directed the census teams working on implementing the general population and housing census throughout Iraq to complete the census process tomorrow, Friday.
A statement from Al-Sudani's office stated that the latter urged all citizens to show full cooperation with the mobile teams and provide correct information in order to make this important development experiment a success, on which all service and economic sectors and development efforts depend.LINK
KTFA:
Clare: Al-Sudani directs census teams to complete their mission tomorrow, Friday
11/21/2024
Prime Minister Mohammed Shia Al-Sudani directed the census teams working on implementing the general population and housing census throughout Iraq to complete the census process tomorrow, Friday.
A statement from Al-Sudani's office stated that the latter urged all citizens to show full cooperation with the mobile teams and provide correct information in order to make this important development experiment a success, on which all service and economic sectors and development efforts depend.LINK
Clare: Dollar-Dinar Exchange Rate Gap: Causes and Treatments
Dr. Haitham Hamid Mutlaq Al Mansour 11/22/2024
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.
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
Courtesy of Dinar Guru: https://www.dinarguru.com/
Nader From The Mid East They been talking about the exchange rate every day almost to get it better and better. I think it's going to happen soon...I think it's coming. I'm just going like this with my hands [rubbing them back in forth in anticipation.]
Militia Man Article: "IMF: Arab country confirms commitment to flexible exchange rate" Quote: "The International Monetary Fund (IMF) mission that visited Egypt announced that the Central Bank has confirmed its commitment to maintaining a flexible exchange rate regime, in order to protect the Egyptian economy from external shocks." ...Flexible exchange rate...is one that is determined by market forces of supply and demand in the foreign exchange market. The IMF suggesting shocks to come is likely a heads up that change is coming. Let's hope that change to come is for Iraq's exchange rate...
************
Is the US Debt Crisis Fueling Gold's Rise? Feat Schectman, Hemke, and Kientz - LFTV Ep 200
Kinesis Money: 11-22-2024
In this milestone 200th episode of Live from the Vault, Andrew Maguire is joined by Andy Schectman, Craig Hemke, and Rob Kientz for an in-depth roundtable on how rising interest rates and speculative trading are shaking up gold and silver prices.
The panel explores the implications of these market dynamics and highlights global economic challenges, such as the growing US debt and inflation, urging the importance of holding precious metals as a safeguard against financial uncertainty.
Check out our amazing guests:
Timestamps:
00:00 Start
02:40 Introduction of panel: Andy Schectman, Craig Hemke, and Rob Kientz
03:40 The potential impact of Trump’s victory on the gold market
22:25 Expert insights on the possibly incoming revaluation of gold
39:50 The future of money: it’s already unfolding
46:20 Key concerns in politics and monetary policy
57:20 Dislocations between bonds, the dollar, and gold
Bruce’s Big Call Dinar Intel Thursday Night 11-21-24
Bruce’s Big Call Dinar Intel Thursday Night 11-21-24
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight, it's Thursday, November 21st one week from Thanksgiving, and you're listening to the big call. Thanks everybody for tuning in tonight. We should have a very good call tonight for you - looking forward to it - and before we go too far along, we just welcome everybody that is listening around globe, everybody that tuned in on free conference call, or whether you're listening on the replay link or replay number, we're just glad to have you here, and let's go ahead and pray the call in
Okay, good, good. Thank you Bob what is our time hack for fun? It’s 10:16 – ok good good - I think we can do this in the next 14 minutes or so. Thank you, Bob, appreciate that very much. Here we are, guys. You know, I have to apologize because the information that we received on Tuesday that I brought out on Tuesdays call two nights ago did not come true for us yesterday, which was Wednesday, today, being Thursday. Of course, we did get more information.
Bruce’s Big Call Dinar Intel Thursday Night 11-21-24
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight, it's Thursday, November 21st one week from Thanksgiving, and you're listening to the big call. Thanks everybody for tuning in tonight. We should have a very good call tonight for you - looking forward to it - and before we go too far along, we just welcome everybody that is listening around globe, everybody that tuned in on free conference call, or whether you're listening on the replay link or replay number, we're just glad to have you here, and let's go ahead and pray the call in
Okay, good, good. Thank you Bob what is our time hack for fun? It’s 10:16 – ok good good - I think we can do this in the next 14 minutes or so. Thank you, Bob, appreciate that very much. Here we are, guys. You know, I have to apologize because the information that we received on Tuesday that I brought out on Tuesdays call two nights ago did not come true for us yesterday, which was Wednesday, today, being Thursday. Of course, we did get more information.
We did get hopefully better or reliable intel - I was pretty confident I did everything to call it Tuesday night, and maybe I kind of almost did, but I'm not going to call it tonight, but I'll tell you, the information we’re getting is looking very good, very good. We know that they want to get this to us before Thanksgiving. Thanksgiving is a week from today.
I really think where we are now, let's go back and talk briefly about other things, and then I'll come in on what we want to hear about all our time, the restitution and reclamation allowance, which I refer to as R and R is set to start on Thanksgiving night for everyone who is not exchanging currencies.
And there's a bunch of people, obviously seniors, and they're calling seniors, 60 and older. 60 and older will get a lump sum amount of R and R, and it's going to be substantial. Everybody that's older, 60 and older is going to get a pretty good chunk. I can't say how much it's going to be, because it's going to be different for everybody so, but that's good to know that that's coming.
So even though those of us who have zim and other currencies are going to have quite a bit more to work with, for projects, these will - there will be enough for people to really change their lives quite a bit - So keep that in mind.
It's going to start for us when we go to the redemption center and we open up and activate our quantum accounts.
Remember, that's the account where all the proceeds from our exchanges go, and then from that we move funds about up to 1.6 - 1.8 billion into our Wells Fargo account, which is what I'm calling my primary account.
Now, if you have LLCs in place, already set up, and you want to open a bank account for each one of those, which I'm going to do, you would be able to move more funds from your quantum into those accounts. They're almost like sub accounts. Primary wealth account is where you move the money to begin with. And then if you want into your sub accounts, which would be your second account, I guess, primary and secondary, then you can do that too, and then go into what you'll use in the first six months.
And then after that, we should be able to move as much as we need to, as much as we want from the quantum account into the wealth account. Or if you have one or two other banks you want to tie in to your to your quantum card, you can do that.
I believe they want you to have no more than three banks that are actually able to receive the funds from your quantum account so wells and maybe two other e banks that would work for you. It might not work to use credit you know, credit bureau, not credit bureaus –
You know, like some of the smaller banks that you're three tier four banks, it's probably not gonna work, because you're in a different game. You're really in a totally different world. When you're not even going to be going to the retail bank anymore, you don't even go into your normal bank, or you go right now, if you're going in at all, you're going to be able to just do this banking online from your new Q phone that they'll give you If you're a zim holder,
You'll get one of those at the redemption center when you leave. So they have that designed so that you can do that securely from a Q phone. Otherwise, that's really nothing – the timing Is starting on the 28th which is a week from tonight of November.
All right, so, but if you're like us, that are going in for exchanges, which we believe will be before then, and I'll get to that in a moment or two, when we get in there, we will have our funds already in our quantum account –
But when you go in, you activate and you see the screen that shows how much you have from your from your R and R. What you want to do is write that number down on a pad when you're in there so that you remember how much of your balance was, your restitution and reclamation allowance. It's kind of various, kind of, maybe some of you go, Well, I don't care. I've got zim - It won't really matter.
And I know what you're saying, but it'd be kind of nice to know how much it was. How much did you pay in taxes? Did you pay in interest? Did you pay in mortgage interest, credit card interest, all of that stuff you get back and then also, well, there's more to it. I won't get too deep into it, but you'll get your you'll know whether you're going to get it all in one total – it won’t be broken down, but you’ll know, for example, that your birth certificate was traded, you know, marriage license traded – marriage divorce decree traded on, you know, everything you know, even death certificate was traded on.
There's all kinds of ways that they tried to make money on us. We're going to get that money back. That's our NESARA, N, E, S, A R, a part of this NESARA okay, so that'll be good to look into
Social Security increases I believe will end up being more like first week of December. - I've been told it could happen at the end of this month, but I'm not going to bank on that. I think we're going to get that Social Security increase in December. So be looking for that keep - your eyes open for that.
Bob had mentioned to me. Someone even wrote in and said, What happens if I die? Will my monies or funds be able to be used or picked up by someone else? Well, that is a great question.
And the answer is, do you have your estate planning started at least - yet? Do you have an estate planning attorney that you have worked with a trust for you and and get your desires, your trust, trustees, beneficiaries, successor trustees, all of them, do you have that in case something happens to you, it's something to look into. It's something to look into right away.
And I'm going to tell you that the Wells Fargo wealth management side of the bank will be able to provide services for us. Now, the attorneys that you might want to contact that are specifically estate planning attorneys. You know, I have one, and I've used one that has worked beautifully in putting my estate plan together.
But, you know, from time to time, you have to tweak it, you know, you have to make some changes in it. So definitely that is that is important to make sure you have that and put it in place as soon as possible.
Let me think, well, I don't have an estate now. I don't have, I don't have anything to really bequeath to a beneficiary, but you sure will be after these exchanges. So make sure that you are in contact with the estate planning attorney, and maybe go through wills. Maybe Maybe go through their trust department. Maybe give that a shot.
Or if you have another bank that you like, you know, look at them and see what they have. But that's definitely something that needs to be addressed, and sooner rather than later, they don't really want anybody walking out of the redemption center and having an issue and passing away without a trust in place, but so make sure that you're able to look into that and get that set up as soon as you can.
Okay that way, as soon as you can. So that's the answer to that question. The only way you and I would recommend using estate planning with trusts, because it keeps all of this information private.
See if you didn't have any of that and you had a will say, Oh, well, I got my will. Well, so is everybody else, because everybody else is going to see it. It's public. It becomes public information.
You don't want to just use a will. The only will you want to put out is something called a living will, and that's your final instruction should something happen to you, and it looks like it's the end of life for you, and this is end life type wishes that you want to put in to your living will.
That's a part of your estate plan. Okay, so you want to get that set up too. And if you don't have that, your estate, whatever is left of you will go through probate, and that's where the state takes a piece of the action.
And also can slow down and delay the funding of everything to people that you wish to have the money – So there’s a lot to this, and it's more than an afternoon , but you get it started with an hour or an hour appointment, you can do a really good job on knocking this out.
And then you can always come back with your attorney and tweak it, and come back in and make these fine tuning adjustments to it. And you may want to have new names. You might want to put in new beneficiaries. Might want to change you know, as your family grows and you know people come and go in your family, you might want to look into that too.
All right, so I wanted to say that now Social Security increases. I said, I think it'll be substantial increases – some people that are getting 3300- $3400 $3,500 now might see themselves around 5000 and that won't be that significant to us - again You know the exchanges in zim to redeem, but look, Don't look a gift for us in that, and that's what it's going to be.
Also, I don't believe our Medicare, which everybody's getting bombarded with Medicare calls and Medicare commercials and so on, Medicare was supposed to be free to us, not even cost us the 170 or $200 premium per month is taken out of our social security check right now our direct deposit. That should change under President Trump. We should have that going away and we’ll see, we'll learn more and more in the coming months. Okay, let's see what else before we get to the heart of the matter.
Okay? I think the next piece is what we thought would happen Tuesday, or rather, yesterday- Wednesday and we did not get it. But we're hearing two different things. Two of our sources are saying that we look like we will be notified tomorrow, Friday, depending on what time we get notified -- If it were before noon, could we exchange tomorrow afternoon or tomorrow evening? We believe the answer is yes.
If the numbers don't come out till later in the day, it's setting us up to call set our appointments with and start probably on Saturday. So it's Friday, Saturday right now,
If we had heard besides these two sources, was that we should get notified over the weekend, which starts Friday for them, Friday, Saturday, we would get notified by Saturday with our emails and start our exchanges early next week, like Monday. I don't even want to go to Tuesday, Monday.
Now, yes, that is possible. -- But they the Treasury was looking this thing over pretty carefully, and I thought, rather than do it that day, we'd rather do it a day earlier, which would put us instead of being notified Saturday, then we would get notified Friday. So I'm holding out that it might be tomorrow for us.
I'm not calling it like I just about did on Tuesday night, but it looks very good for us to get this and to have the exchanges at least well underway before Thanksgiving. Remember, for everybody else, R and R comes out Thanksgiving night, that's when it starts to come out, and that will show up in accounts that they know are Social Security bank accounts that can show up in your Social Security accounts as this R and R and blow their minds, I think of a lot of bankers that don’t have a clue what's going on.
So we'll see how that goes. But let's say and you're 30 years old to age 45 in that 15 year old, 15 year gap, you're going to get your R and R over a three year period, once a month, which is 36 months, you'll get an amount directly deposited into your bank account.
Now, if they don't have your bank account for some reason they'll have to send you something to get your bank account information. And if you're a second group, which is age, say, 45 or 46 to age 60, then you get your R and R over a two year period, once a month for two years, say, 24 payments monthly to you, all right, and that'll be good. It'll be substantial. It won't be like getting a lump sum all at once, like if you're 60 or older, and the older you are, the chances are, the bigger the amount.
It's based on how much you paid in taxes paid on how long they traded on your birth certificate, death certificate, Marriage license, fees, all that stuff, all tradable as funds. So that's what I wanted to say about that.
Make sure you get your estate planning set up as soon as you can after the extreme if you've got it set up now and you have your Trust documents bring them in when you do your exchanges and redemption of zim bring them into the redemption center, they will set up a seat read your trust documents - Probably affidavit of trust may do it, but you might need to bring a copy of the entire Trust - that way, they'll be able to to set up your bank account in the name and do that way. And then you can do all that other –
Be prepared and maybe practice. Know what you have to do for your quantum account to activate it.
First of all, you need a fingerprint or thumb print. Take a hand, any hand, I don't know if it'll matter, but you will have that -- then you need a username that'll be brand new. For the username that'll be brand new, you'll have a five digit PIN code that you'll have that you will create that'll be brand new. You'll have an email, a brand new email, that you'll be setting up. And of course, you need a new password to get into your email.
So however many things that is I think 7 you're going to need, you might want to write a few things down so that you take them in and you're sort of ready to go on your quantum ready to go on getting the quantum card.
They will print those cards out for you. Okay, they'll have them there when you go in, as you sit down, and you go through, you give up your currencies, and they go ahead and count them. And they'll do that, leave machine counting all that stuff, and you're talking about the rates of the currencies and so on. They're offering you -- what we believe they're going to offer us at the redemption center, ONLY – only - O N L Y only
You're going to get a contract rate offered to you on dinar - I've told you 100 times what the Zim is going to be worth –if you are redeeming zim -- Dong is going to be a great rate, way better than certain people thought it would ever be. And then the other currencies are doing well too.
They're all going to be good. And credit has set this up where we will get the highest potential available rates through the redemption centers.
Now let's talk about the redemption centers for a minute' they’ve got the leaders that send
out the emails to the redemption centers, and the leaders that send them out to the banks have received their emails for both Redemption center and banks to be sent out.
And our understanding is that they will probably go out sometime tomorrow. I don't know when it will be morning, before noon - quite likely that it would be -- and then they the leaders in the ……
All right, let me explain - so certain people east and west of the Mississippi River are in charge of getting those numbers out to the redemption center leaders and all the redemption centers across this country. Canada has their deal. We have ours.
Mexico is using primarily Bucha Santander and HSBC might be some other banks too, maybe, BANK OF Mexico - I don't know, but I would say this, keep an eye on your email tomorrow. Let's see if they come in and then set your appointment if you need some time to get all your act together, go ahead and take the time you need. You don't have to be the first one in. You know, I like to get mine done tomorrow. I'd like to tomorrow night, but if I have to go Saturday, that's cool, too. It doesn't matter that much.
So if this comes through as we're being told, and we do get it tomorrow, praise God, that's great. We're off and running,
if it comes in Saturday and we can exchange on Saturdays, would probably be the first of the week. But we want to get this knocked out as many as we can before next Thursday for Thanksgiving. Will they exchange on Thanksgiving? I would not put it past them. I would say it's possible that certain people could exchange on that day.
The people that are working in the redemption centers might work that shift. Might be three shifts, and they get up or that afternoon and they've had their Thanksgiving or morning, and they have their Thanksgiving that afternoon, or evening.
I mean, I would not be surprised if they do exchanges on Thursday. not saying, though that they might. And they go through with this until they've got all the Zim in as soon as possible. Of course, that's their first concern. And then after that, you know, all the other currencies
I think that's everything I wanted to cover, All right, that’s what I wanted to say about that, guys, I just hope the intel that we have today is just solid and everything is good to go for tomorrow. Our sources are saying tomorrow, the others are saying it could be Friday, but it should be over the weekend, which starts Friday, tomorrow, and then we've exchanged, if not Saturday, then starting Monday. So let's see how this goes for us. And let's go ahead and pray the call out and we'll look forward to having a fantastic weekend and a very blessed day.
Well, thanks everybody. So let's see what happens in the next couple of days, and we'll take it from there, all right, and we'll get in touch with you. Bye. Eve, make sure you're registered with your email on big call universe.com. Okay. And we'll be in touch with you about our projects. Okay, thanks so much. Have a great night, and a great weekend coming up.
Bruce’s Big Call Dinar Intel Thursday Night 11-21-24 REPLAY LINK Intel Begins 1:10:20
Bruce’s Big Call Dinar Intel Tuesday Night 11-19-24 REPLAY LINK Intel Begins 1:12: 21
Bruce’s Big Call Dinar Intel Thursday Night 11-13-24 REPLAY LINK Intel Begins 1:04:54
Bruce’s Big Call Dinar Intel Tuesday Night 11-12-24 REPLAY LINK Intel Begins 1:06:06
Bruce’s Big Call Dinar Intel Thursday Night 11-7-24 REPLAY LINK Intel Begins 1:05:10
Bruce’s Big Call Dinar Intel Tuesday Night 11-5-24 REPLAY LINK Intel Begins 1:00:50
Bruce’s Big Call Dinar Intel Thursday Night 10-31-24 REPLAY LINK Intel Begins 1:15:45
Bruce’s Big Call Dinar Intel Tuesday Night 10-29-24 REPLAY LINK Intel Begins 1:13:23
Bruce’s Big Call Dinar Intel Thursday Night 10-24-24 REPLAY LINK Intel Begins 1:13:50
Bruce’s Big Call Dinar Intel Tuesday Night 10-22-24 REPLAY LINK Intel Begins 1:15:35
Seeds of Wisdom RV and Economic Updates Friday Afternoon 11-22-24
Good Afternoon Dinar Recaps,
BRICS: WHY 2025 COULD BE THE END OF ITS DE-DOLLARIZATION EFFORTS
Despite being the BRICS focus over the last two years, 2025 could mark the end of the alliance’s de-dollarization efforts. Although the bloc has sought increased financial prominence, it has yet to truly strike at international Western hegemony.
With President-elect Donald Trump set to take over the White House in the coming years, his relationship with Russia’s Vladimir Putin could orchestrate a massive shift in perspective for the group. Since Trump won the 2024 election, Putin has already assured he is no longer interested in abandoning the US dollar.
Good Afternoon Dinar Recaps,
BRICS: WHY 2025 COULD BE THE END OF ITS DE-DOLLARIZATION EFFORTS
Despite being the BRICS focus over the last two years, 2025 could mark the end of the alliance’s de-dollarization efforts. Although the bloc has sought increased financial prominence, it has yet to truly strike at international Western hegemony.
With President-elect Donald Trump set to take over the White House in the coming years, his relationship with Russia’s Vladimir Putin could orchestrate a massive shift in perspective for the group. Since Trump won the 2024 election, Putin has already assured he is no longer interested in abandoning the US dollar.
BRICS Fight Against the US Dollar Coming to Its Final Bell: Why Trump Changes Everything
2022 remains one of the most important years, geopolitically speaking.
That year marked the start of Russia’s invasion of Ukraine. Moreover, it forced the hand of the West, with the United States moving to sanction the country in response to its military advancement.
With that being more than two years ago now, things have changed. The invasion sparked increased cooperation with the global South BRICS alliance. Specifically, Russia sought to forge plans to lessen international reliance on the US dollar. Effectively, he struck back against the West in any way he could.
Yet, things have changed. Specifically, Trump is back in office, and the sentiment from the Russian president has shifted greatly. More importantly, things for the BRICS bloc could be set to change, as 2025 could be the end of its ongoing de-dollarization efforts.
A Reuters report notes that Putin has expressed a willingness to sit down with Donald Trump and discuss ending the ongoing war in Ukraine. Although he has extensive conditions, his openness for a ceasefire is progress nonetheless.
Moreover, that comes as he already denounced a desire to truly abandon the US dollar after Trump was elected as the incumbent US President.
Trump has been outspoken about his stance regarding de-dollarization. Just as certain, the 45th president has been vocal about his belief in his own capacity to end the Ukraine war. Those two things could create a perfect storm that only hinders the nations that put their faith in BRICS de-dollarization.
It is not out of the realm of possibility to see an increase in Russian and US cooperation. That is especially true amid Trump’s return. Such an action would threaten its advances on the US dollar. More importantly, it could ensure Trump gets what he wants, assuring the greenback’s position atop global economics.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
SEC COMMISSIONER JAIME LIZÁRRAGA TO STEP DOWN IN JANUARY
The U.S. Securities and Exchange Commission will see yet another exit in January after Commissioner Jaime Lizárraga announced he will step down.
Bloomberg Law reports that the former congressional aide has said he will leave the agency on January 17. The announcement comes just a day after SEC Chair Gary Gensler announced his resignation effective January 20.
Lizárraga, Gensler, and Caroline Crenshaw are the three Democrat commissioners among the SEC’s five members. The two exits will leave Crenshaw, Hester Peirce, and Mark Uyeda, the latter two having dissented on various SEC decisions.
Notably, Lizárraga and Gensler will exit as Donald Trump, elected on Nov. 5, gets into office amid expectations of a pro-crypto White House. Reports that the Trump administration is eyeing a “crypto czar” have added to optimism, even as the industry debates on who would be the best pick for SEC Chair.
Lizárraga joined the SEC in 2022, with his term ending in 2027. Lizárraga faced criticism for overreach, with his corporate reporting regulations burdening small businesses. He was also criticized for the controversial policies that the market saw as prioritizing politics over investors.
He says his resignation is for family reasons.
“In reflecting on the challenges that lie ahead, we have decided that it is in the best interests of our family to close this chapter in my 34-year public service journey,” he said in a statement quoted by Bloomberg Law.
The crypto industry has largely criticized the SEC’s approach over the past four years, pointing to what many see as an anti-crypto stance. Trump has pledged to fire Gensler immediately upon taking office, vowing to end the current administration’s “war on crypto.”
@ Newshounds News™
Source: Crypto News
~~~~~~~~~
MASTERCARD INTEGRATES ITS MTN BLOCKCHAIN NETWORK WITH JP MORGAN’S KINEXYS DIGITAL PAYMENTS (JPM COIN)
Today Mastercard announced it has integrated its Multi-Token Network (MTN) for tokenized deposits and tokenized assets with Kinexys Digital Payments (formerly JPM Coin).
It allows clients of the two solutions to send payments across the networks. Both companies emphasized the benefits for cross border payments because of traditional challenges with speed, transparency and time zone differences.
Kinexys Digital Payments is designed to support clients with JP Morgan bank accounts, so it’s mainly used by corporates that want to move money between JP Morgan branches dotted around the world. MTN provides a simplified solution to enable banks to engage with tokenized deposits.
Instead of developing their own blockchain networks, it offers banks an API driven solution. Additionally, it provides interoperability with multiple blockchain networks. Kinexys is an example of one of those networks.
“For years, both Mastercard and Kinexys by J.P. Morgan have been committed to innovating for the future of digital asset and commercial infrastructure,” said Raj Dhamodharan, EVP, Blockchain and Digital Assets at Mastercard.
“By bringing together the power and connectivity of Mastercard’s MTN with Kinexys Digital Payments, we are unlocking greater speed and settlement capabilities for the entire value chain.”
Both solutions represent bank payments on a blockchain. Conventional cross border payments involve Swift messages being sent between banks, often with intermediary banks involved. The banks then move the money separately from the message. That works fine most of the time, but not always.
With blockchain-based transfers, there is no separation of the message and money movement. That avoids issues where money has departed the sender’s account but has not arrived at the recipient.
If there’s an issue with the payment, such as an AML query, then the transfer should not start until that’s resolved.
Kinexys and MTN experience
Kinexys Digital Payments are relatively mature, having launched in 2020. It now processes on average $2 billion in payments daily. Kinexys supports both Euros and Dollars, with plans to support instant FX soon. By contrast, MTN was first announced in mid 2023, and executed its first live transaction in a sandbox with Standard Chartered in May.
Both projects are explored in Ledger Insight’s new report on bank stablecoins and deposit tokens.
@ Newshounds News™
Source: Ledger Insights
~~~~~~~~~
FRIDAY NIGHT LIVE CALL
Join us TONIGHT at 5 pm PT, 7 pm CT, 8 pm ET
JOIN THE CALL HERE
Docs Link
Hear More Calls Here
To join the call you will need the telegram app Here.
Download the app on either your mobile phone or PC, then click the 'Join the Call ' Link above to listen and ask questions..
@ Newshounds News™
~~~~~~~~~
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 Seeds of Wisdom Newsletter
Thank you Dinar Recaps
China Japan Dump Record US Bonds: Accelerating Global Currency Reset
China Japan Dump Record US Bonds: Accelerating Global Currency Reset
Awake-In-3D November 21, 2024
As Japan and China offload U.S. Treasuries, the global currency system faces a pivotal shift that could redefine international trade and finance.
The global financial system continues its historic shift as Japan and China accelerate the Global Currency Reset with record-breaking sales of U.S. Treasuries. These unprecedented moves signal a pivotal moment in international finance, challenging the U.S. dollar’s dominance as the world’s reserve currency. By understanding the motivations behind these actions and their far-reaching consequences, we can better prepare for the financial realignments reshaping global trade and economic power.
China Japan Dump Record US Bonds: Accelerating Global Currency Reset
Awake-In-3D November 21, 2024
As Japan and China offload U.S. Treasuries, the global currency system faces a pivotal shift that could redefine international trade and finance.
The global financial system continues its historic shift as Japan and China accelerate the Global Currency Reset with record-breaking sales of U.S. Treasuries. These unprecedented moves signal a pivotal moment in international finance, challenging the U.S. dollar’s dominance as the world’s reserve currency. By understanding the motivations behind these actions and their far-reaching consequences, we can better prepare for the financial realignments reshaping global trade and economic power.
The Role of Japanese and Chinese Treasury Sales in the Global Currency Reset
In the third quarter of 2024, Japan and China undertook unprecedented sell-offs of U.S. Treasury securities, amounting to $61.9 billion and $51.3 billion respectively. These significant moves, captured in data from the U.S. Department of the Treasury, highlight an evolving landscape in global finance and the increasing fragility of the U.S. dollar’s dominance. While these sales reflect immediate market concerns, such as higher yields and political uncertainty, their deeper implications signal preparation for a broader financial transformation—often referred to as the Global Currency Reset.
This article explains the motivations behind these Treasury divestitures and their potential consequences for the U.S. dollar’s status as the world’s reserve currency. I also examine how these actions serve as precursors to a realignment of currency dominance, reshaping global trade and finance.
The Drivers Behind Japan and China’s Record Treasury Sales
1. Anticipation of U.S. Inflationary Policies
The mid-2024 peak in Treasury yields—bolstered by speculation over inflationary policies—was a primary catalyst for Japan and China’s record sales. These countries perceived the fiscal policies of the U.S., including tax cuts and high tariffs, as drivers of inflation and economic uncertainty. Rising yields offered an attractive exit point for large holders of U.S. debt, particularly in an environment of growing skepticism about the long-term stability of the dollar.
2. Geopolitical Risks and Domestic Strategies
Geopolitical concerns further fueled the sell-off. China, in particular, has faced escalating tensions with the U.S., with trade disputes and competition for technological dominance at the forefront. By reducing its exposure to U.S. debt, China not only hedges against potential economic retaliation but also redirects resources to bolster its currency and diversify reserves.
Japan’s motives, while similar, are intertwined with its efforts to stabilize the yen amidst fluctuating currency markets. The Ministry of Finance’s interventions in mid-2024 to prop up the yen underscore the challenges Tokyo faces in managing exchange rates while navigating external pressures.
3. Preparing for the Global Currency Reset
Beyond short-term factors, these actions reflect a strategic pivot toward a long-term vision of global financial realignment. Both Japan and China appear to position themselves for a shift in currency dominance, a hallmark of the Global Currency Reset. This phenomenon envisions a more equitable distribution of reserve currency roles, diminishing reliance on the U.S. dollar and enhancing the prominence of alternative currencies.
Consequences for the U.S. Dollar
The mass offloading of U.S. Treasuries by two of its largest foreign creditors has profound implications for the U.S. dollar, challenging its long-held status as the backbone of the global financial system.
1. Decline in Reserve Currency Utility
Historically, the dollar’s dominance has been underpinned by trust in U.S. financial stability and the liquidity of its debt markets. The divestitures by Japan and China undermine this trust, sending a signal to other nations that diversifying away from dollar-denominated assets is prudent. As more countries follow suit, the dollar’s position as the world’s primary reserve currency declines, facilitating a transition to a multipolar currency system.
2. Increased Volatility in U.S. Debt Markets
The scale of these sales has already contributed to volatility in the Treasury market. If foreign demand for Treasuries continues to decline, the U.S. faces higher borrowing costs, further straining an already ballooning federal deficit. This self-reinforcing cycle, where higher yields make Treasuries less attractive to foreign investors, accelerates the divestment trend.
3. Acceleration of Alternative Reserve Assets
Both Japan and China have actively explored alternatives to the dollar. China, for instance, promotes the use of the yuan in international trade and expands its digital currency initiatives. Japan, while less aggressive, has shown interest in regional trade agreements that minimize reliance on the dollar. Their Treasury sales serve as a catalyst for other nations to consider similar shifts, accelerating the adoption of alternative reserve assets like gold, cryptocurrencies, or other fiat currencies.
The Role of the Global Currency Reset in Shifting Currency Dominance
The Global Currency Reset envisions a new financial order, where multiple currencies share the responsibilities traditionally held by the U.S. dollar. This scenario aligns with the actions of Japan and China, which not only reduce their reliance on the dollar but also initiate a transition toward a diversified reserve framework.
1. Rebalancing Global Power
The concentration of financial power in the U.S. has long been a point of contention among emerging economies. The Global Currency Reset addresses these imbalances by elevating the roles of regional currencies, such as the yuan, and creating mechanisms for fairer trade settlements. Japan and China’s actions represent early steps in this direction, indicating their strategic focus on leadership roles in the new system.
2. Strengthening Domestic Economies
A key tenet of the Global Currency Reset is the alignment of national economies with stronger, more stable currencies. For Japan and China, reducing exposure to U.S. debt aligns with their goals of mitigating external risks and focusing on domestic growth. This strategy also enhances their ability to manage currency valuations and support broader economic initiatives, such as China’s Belt and Road Initiative.
3. The Rise of Digital Currencies
Digital currencies play a pivotal role in the Global Currency Reset, offering an alternative to the dollar-based system. China’s digital yuan is already being tested in cross-border trade, while Japan has shown interest in developing its own digital currency. These initiatives not only reduce reliance on the dollar but also position these nations as pioneers in the next generation of global finance.
Implications for the U.S. and Global Markets
The consequences of Japan and China’s Treasury sales extend beyond the U.S. dollar, influencing global markets and shaping the strategies of other nations.
1. Pressure on U.S. Fiscal Policy
The U.S. government faces increased pressure to address its fiscal imbalances, as declining foreign demand for Treasuries raises borrowing costs. This forces policymakers to make difficult choices, such as reducing spending or increasing taxes, to stabilize the economy.
2. Opportunities for Emerging Markets
As the dollar’s dominance wanes, emerging markets benefit from a more balanced financial system. Reduced reliance on the dollar enables these countries to trade and borrow in currencies that better reflect their economic realities.
3. Increased Global Cooperation
The transition to a multipolar currency system requires unprecedented levels of international cooperation. Institutions such as the International Monetary Fund (IMF) and World Bank play crucial roles in facilitating this shift, ensuring stability during the transition period.
The Bottom Line
Japan and China’s record-breaking sales of U.S. Treasuries are more than just a reaction to market conditions—they represent a strategic shift with profound implications for the U.S. dollar and the global financial system. By reducing their exposure to dollar-denominated assets, these nations signal their intent to play pivotal roles in a future where the dollar is no longer the unrivaled global reserve currency.
This realignment, often referred to as the Global Currency Reset, reshapes the financial landscape, offering opportunities for greater equity and stability. For the U.S., however, it poses significant challenges, necessitating swift and strategic action to maintain its influence in a rapidly changing world.
=======================================
© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews
Follow me on Twitter: @Real_AwakeIn3D
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.”
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.
Read full post here: https://dinarchronicles.com/2024/11/22/restored-republic-via-a-gcr-update-as-of-november-22-2024/
*************
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
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!
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
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Iraq News Highlights and Points to Ponder 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.
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