“Tidbits From TNT” Monday Morning 11-25-2024

TNT:

Tishwash:  MP: We need to extend the legislative term for 8 sessions and the budget is the top priority

Representative, Mohammed Al Shammari, called for extending the legislative term for 8 sessions, while stressing that the federal budget for the year 2025 is the top priority.

Al-Shammari told {Euphrates News} that: "There are important laws suspended within the House of Representatives, some of which are controversial and others need to be passed to serve the people."

He added, "The controversial laws that were included in one basket are the Personal Status Law, the General Amnesty, and the Popular Mobilization. In addition to these laws, there are laws in all the drawers of the parliamentary committees, including the Security and Defense Committee, where the Intelligence Service Law and Diplomatic Passports Law are ready, but due to these differences, they were postponed.  "

Al -Shammari continued, "The Personal Status Law is not binding on all the Iraqi people, and everyone has the choice to choose the law that suits their situation."

Al-Shammari stressed "the need to extend the legislative term to 8 sessions to compensate for what we missed in the last legislative term, and for the Parliament Presidency to prioritize the laws according to the needs of the people." 

He added, "I believe that the issue of the federal budget for 2025 and its completion for the next fiscal year is of utmost importance, and the parliamentary circles have the determination to approve the budget schedules, and we hope that the law will be passed in the coming days." link

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Tishwash:  Kirkuk publishes lists of 369 families: Go to Article 140 office to receive compensation

From the expatriates to the governorate

Kirkuk 

On Sunday, the Article 140 Office in Kirkuk Governorate called on 369 expatriate families to visit it with the aim of completing the deficiencies in their submitted transactions and updating their data to obtain official documents and compensation certificates.

Kakarsh Sadiq - Head of Article 140 Office in Kirkuk, to 964 Network :

The names of the heads of households published in today’s lists are from families who came to the governorate and returned to Kirkuk several years ago. Their transactions have been completed almost completely, except for some deficiencies that must be completed.

The deficiencies we have indicated in the transactions of the 369 families are not the same, as each family has a deficiency in a specific subject, so their transactions cannot be completed except by visiting the office.

We are constantly publishing lists of the names of the immigrant families, informing them of the need to visit the office to obtain the compensation for this constitutional article, which amounts to 10 million Iraqi dinars for each family, or to complete obtaining the official documents for residence in Kirkuk. link

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Tishwash:  Iraq needs to improve its investment environment to attract international companies

  $233 billion is the cost of stopping gas flaring in Iraq by 20402

A report by the international energy news website S&P Global revealed that the International Finance Corporation (IFC) estimates that Iraq needs investments of $233 billion to implement programs to reduce and stop gas flaring in the country by 2040, at a time when experts stated that Iraq must improve its investment environment to be able to attract international energy companies to help achieve this goal.

The report indicated that Iraq, which is considered one of the countries in the world that wastes the gas associated with its oil production by flaring it, was among the concerns of the climate change conference sponsored by the United Nations, with estimates that it needs investments of hundreds of billions of dollars to finance programs aimed at reducing and ending gas emissions in its fields.
According to estimates by the International Finance Corporation (IFC), Iraq needs approximately $233 billion in investments to implement programs to reduce and end gas flaring by 2040, while manufacturing it and using it to improve self-sufficiency in generating electricity and protecting the environment from pollution.

According to the International Energy Agency, the goal of the Iraqi National Program (NDC) is to reduce gas emissions in the country by 15% by 2030, noting that 13% of that goal depends on international support and assistance.

“At COP29, on this particular issue, we are seeing real progress in moving from planning to action. Developed countries and international organizations are ready to help and support Iraq in this area,” Jonathan Bangs, a climate change policy advisor at the Clean Air Task Force (CATF), told S&P Global Platts. He noted that a top priority of the Iraqi National Program Framework is to stabilize the foundations of gas-flaring plants in oil and gas fields.

The report noted that capturing associated gas, in addition to reducing its contribution and impact on climate change, would enable Iraq to profit from its gas reserves and help provide sustainable electricity to its citizens, a vital goal in a country that suffers from power outages, especially in the hot summer months when air conditioning requires maximum power consumption.

In an interview conducted in March 2024, the Deputy Minister of Oil for Gas Affairs, Izzat Saber, said that in 2023, Iraq made progress in the process of collecting and processing gas, achieving 60% benefit from this process by collecting 7.8 billion cubic feet of gas.

However, information based on satellite images from that year indicated that 636.8 billion cubic feet of gas were flared, causing heavy gas emissions.

Evgenia Miburova, a researcher in the field of gas emissions, said that the quantities of gas flared are equivalent to the quantities of gas that Iraq signed over five years with Iran, which will export 642.4 billion cubic feet of gas to Iraq annually, and this quantity is not far from the amount of gas consumed in Iraq in 2023, which is 722 billion cubic feet.

“Iraq’s ability to meet its domestic gas needs will depend on the speed of implementation of gas processing plant projects and the launch of new gas projects, as well as the growth rate of gas demand,” researcher Meburova added. “In addition, collecting associated gas in oil fields not only reduces the rate of gas flaring, but also reduces the country’s dependence on oil alone, with the abundance of natural gas to feed power plants.”

Meburova said that this shift is important because burning oil fuel generates more harmful gases than burning associated gas. According to local figures, Iraq burned 267,000 barrels per day of oil fuel oil to generate electricity in August 2023. She pointed out that the Iraqi National Program plan also includes goals to improve control related to reducing methane emissions and switching from oil fuel oil to natural gas fuel to improve self-sufficiency in power generation.

However, experts point out that Iraq needs to improve and facilitate the terms of its contracts in order to attract investment, stressing that another obstacle is the need to improve the security environment and eliminate corruption, which always discourages investors from coming to the country.

Sara Vakhshouri, an analyst at SVB International Energy, says, “Iraq must establish clear investment laws and conditions that are far from routine bureaucracy in order to attract investor money.”
About S&P Global  link

Mot: Family --- aaaaahhhhhhh 

Mot:  ....... cooking the Turkey  Thaw for 3-5 days

MilitiaMan & Crew Iraq News-CBI Building Final Touches-Oil Exports-Development Road-Turkey-Budget Article 12 & 13

MilitiaMan & Crew Iraq News-CBI Building Final Touches-Oil Exports-Development Road-Turkey-Budget Article 12 & 13

11-24-2024

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

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

https://www.youtube.com/watch?v=YiN1BoEEmsA

More News, Rumors and Opinions Sunday PM 11-24-2024

KTFA:

Clare:  In detail.. The Iraqi budget is subject to political and economic amendments on Tuesday

11/24/2024

The Finance Committee of the Iraqi Council of Representatives revealed, on Sunday, the details of amending the budget law included on the agenda of next Tuesday's session.

The agenda of the House of Representatives for Tuesday included the first reading of the draft law amending the first law of the Federal Budget Law of the Republic of Iraq for the fiscal years (2023, 2024, 2025) No. (13) of 2023.

Regarding these amendments, the committee member, MP Jamal Kocher, told Shafak News Agency, "The amendment to the budget law includes one paragraph, which is the cost of producing oil in the Kurdistan Region. The previous amount was very small, and after studying and discussing between the federal government and the regional government, they reached the conclusion that the estimate should be immediate to address and solve the problem, and it should be (16) dollars per barrel, until the final answer is obtained from the advisory committee specialized in determining production costs in coordination with the regional government and production companies operating in the fields."

Kocher added, "This amendment aims to solve the problem and re-export the Kurdistan Region's oil to the Turkish port of Ceyhan. There is a political agreement on this, and the political agreement stressed the necessity of solving this problem. Without the political agreement, this amendment would not have been presented in the House of Representatives, and it will be passed according to this agreement without any obstacles within the parliament regarding this increase."

For his part, member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, explained that the paragraph amending the general budget law will be limited to Articles 12 and 13 related to the Kurdistan Region’s oil exports and revenues.

Al-Kadhimi explained that "Article 12, which will be amended in the budget law, relates to the costs of producing and transporting oil in the region, as the costs of producing oil differ in Basra and are calculated at $6 per barrel, while in the Kurdistan Region they are calculated at $20."  

He pointed out that "Article 13 of the budget law, which will witness amendment, relates to the region's oil exports and its export via the Turkish port of Ceyhan."

Al-Kadhimi pointed out the importance and emphasis on amending the budget law and voting on it before the end of the current legislative session, especially since the extended session will end on December 9.   LINK

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Clare:  Artificial Intelligence in Iraq.. Expected Projects with the Digital Cooperation Organization

11/24/2024

Iraqi Prime Minister Mohammed Shia al-Sudani confirmed on Sunday that artificial intelligence and digital transformation are the focus of administrative and economic reforms in the country, while the Secretary-General of the Digital Cooperation Organization praised these efforts. 

His media office said in a statement received by Shafaq News Agency that Al-Sudani received today the Secretary-General of the Digital Cooperation Organization, Dima Al-Yahya, where the meeting witnessed discussions on Iraq's progress in the field of digital transformation, within a comprehensive strategy for digital business and artificial intelligence, in line with the government's ambitions and the growing international requirements in this field.

During the meeting, Al-Sudani stressed that the government has laid the foundations for digital transformation, and has worked on this file in more than one path and included it in administrative and economic reforms and what is related to electronic payment, explaining Iraq's ability to develop this sector and achieve a qualitative shift in it, in addition to openness to cooperate with the organization in finding projects that serve Iraq and the region, within the framework of digital transformation and artificial intelligence.

For her part, Dima Al-Yahya praised Iraq’s development in the digital field and the ongoing qualitative shift, which creates a suitable environment for a number of projects that the organization intends to implement inside Iraq.

She stressed the organization's readiness to enter into projects that serve the government's plans for digital transformation, and that have real benefits for the human resources that Iraq possesses, and benefit from the available material resources, and the high desire and readiness.  LINK

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

Militia Man  We had some information that came from here in the United States of people that have boots on the ground [in Iraq].  When I say boots on the ground I mean literally boots on the ground.  Having some of that information is key because they called today and said proudly that they affirmed they got information from the source in the military.  These guys are talking on TV, not just Channel One or Channel Three but many sources.  They're talking about helping the citizens.  They're going to bring them purchasing power. 

Frank26  Monetary reform education right now is at a very high peak where we can see very clearly.  Sudani intentions are very clear...Purchasing power is but only one of many things that he's bringing to you Iraqi citizens and the rest of the world will benefit from that generosity. 

Salah talking finance Iqd Iraq

Nader:  11-24-2024

https://www.youtube.com/watch?v=SNEHGNuZbe0

Why EU’s Currency Is DONE: Record Collapse & DeIndustrialization To Worsen In 2025

Sean Foo:  11-24-2024

The Euro just suffered a record collapse to its low in 2022. However, this fall isn't done and the crash could worsen in 2025. A rising China and Trump's trade war could send the US dollar rising higher. As a result, the Euro could crash further which could escalate deindustrialization as well!

Timestamps & Chapters:

 0:00 Euro Record Plunge

 2:54 Currency Crisis Hits EU Industries

5:42 Trump's Big Economic Shock

8:21 China Dethrones The Euro

 11:11 EU Economic Crisis Not Over

https://www.youtube.com/watch?v=72C_zQkMg0E

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 11-24-24

Good Afternoon Dinar Recaps,

XRP LAWSUIT NEWS: EX-SEC ATTORNEY SAYS ‘NO SETTLEMENT’ BECAUSE GENSLER WON ‘HALF THE CASE’

XRP’s price surged massively following Gary Gensler’s announcement that he will step down as SEC Chairman in January 2025. This revelation has sparked speculation about whether the XRP-SEC lawsuit could come to an end before Gensler’s departure.

A social media user speculated that Gary Gensler and the SEC might offer a settlement before he leaves, in an attempt to avoid looking like total losers, or to at least make it seem like they had a win.

However, former SEC lawyer Marc Fagel responded, saying that the SEC has already won half of the case. He doubts the same commissioners who voted to appeal the other half would change their stance now. While it’s possible, he finds it unlikely and reassured that the case won’t get dismissed.

He wrote, “They already won half the case. I don’t know why the same commissioners who voted to appeal the other half would reverse course now. Possible, but seems unlikely.”

Conclusion: What’s Next For Ripple And XRP?

XRP has reached $1.5, with an increase in trading volume. Analysts are bullish, with some predicting a price surge to $2 in the near term. XRP is currently showing strong bullish momentum, and the launch of an XRP exchange-traded fund (ETF) in the U.S. could push its price even higher.

The recent rise is also fueled by new developments, such as the listing of physical XRP across major European exchanges. Ripple’s CEO, Brad Garlinghouse, has expressed optimism about the future of XRP, especially with Donald Trump’s potential Treasury Secretary pick, Scott Bessent, which could further benefit XRP’s outlook.

According to lawyer Jeremy Hogan, the Ripple vs. SEC case could be resolved by spring or early summer 2025. Gensler’s exit may speed up the process and lead to a more favorable regulatory environment for XRP.

@ Newshounds News™

Source:  CoinPedia

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RWA INC ANNOUNCES $RWA TOKEN LAUNCH ACROSS MAJOR EXCHANGES ON NOVEMBER 25, 2024

On November 25, 2024, RWA Inc is set to launch its utility token $RWA on KuCoin, Gate.io, and MEXC, bringing years of hard work to fruition. Since its founding, RWA Inc has aimed to redefine how investors and businesses interact with real-world assets, by creating a trusted platform that bridges the gap between traditional markets and the Web3 space.

$RWA Token: Powering the Ecosystem

The $RWA token serves as the backbone of RWA Inc’s multi-asset platform, playing an integral role in the functions of its products and services. It supports staking mechanisms, reduces transaction fees, and powers user engagement across the ecosystem, including the Launchpad, Exchange, Community Hub, and the forthcoming Marketplace.

RWA Launchpad: The launchpad utilizes a tiered-staking mechanism, enabling users to stake $RWA and earn high APYs, allocation for launchpad projects, rewards, and early access to innovative ventures.
RWA Exchange: The exchange incorporates a tiered-staking system that reduces trading fees for investors and allows $RWA to be used for transaction fee payments.
Community Hub: While staking is not available, users can earn $RWA by engaging with campaigns, creating content, and participating in community-driven activities.
RWA Marketplace: In the forthcoming marketplace, $RWA will function similarly to the exchange, lowering transaction fees through staking and serving as a payment method for transactions.

In addition to its core functionalities, the $RWA token provides:

Governance: Token holders can participate in governance decisions, influencing the future development of the platform.
Access: The token grants priority access to launchpad projects, exclusive campaigns, and reward programs.
Liquidity: As the primary medium for transactions within the ecosystem, $RWA facilitates secure trading and ensures smooth operations across products.

IDO Fundraising Campaign

As part of RWA Inc’s launch it is actively raising $800,000 USD through a series of Initial DEX Offerings (IDOs). These IDOs are hosted on prominent launchpads Decubate, Eesee, and Ape Terminal, chosen for their reputations and ability to reach diverse investor audiences.

This multi-platform raise is designed to maximize brand exposure and offer investors the flexibility to participate using their preferred platforms. This approach effectively expands RWA Inc’s market reach, laying the foundation for a successful fundraising campaign and in turn, the next phase of the project development.

Exchange Listings

Upon the conclusion of the IDOs, the $RWA token is set to go live on three CEXs. This listing marks a pivotal moment for RWA Inc, with trading set to begin on November 25, 2024, at 10:00 AM UTC. Investors will be able to trade the token on KuCoin, Gate.io, and MEXC, three exchanges renowned for their global reach, reliable trading infrastructure, and support for innovative projects.

Go-to-Market Strategy

RWA Inc’s go-to-market strategy leverages its Launchpad for onboarding innovative startups and driving adoption of real-world asset tokenization. They are focused on a specific profile of token issuers, starting with Web2 startups/scaleups from seed to B-series stage, who are looking for disruptive ways to raise capital for their growth companies. With a carefully curated pipeline of projects ready for launch. RWA Inc will likely start onboarding its first clients shortly after launch.

The companies’ revenue streams are generated through their tokenization service, launchpad IDOs, listing fees, staking mechanisms, and transaction fees paid in $RWA, creating a diversified and sustainable model for platform growth.

To further strengthen the ecosystem, 50% of the platform’s profit has been committed to a buy-back and burn mechanism, fortifying long-term value for stakeholders.

The RWA Inc project was carefully designed for long-term value generation and aims to lead the tokenized RWA market by example. This strategic approach has garnered the company traction in what is the fastest-growing market in the Web3 space.

About RWA Inc:

RWA Inc offers end-to-end real-world asset tokenization through a cutting-edge multi-asset platform that includes tokenization as-a service, a launchpad, and a marketplace.

With a short-term focus on startup utility tokens for our go-to-market strategy, our primary emphasis is on strategically expanding into startup equity tokens, real estate, collectibles, and other asset classes via registered security tokens. 

As an innovator in the RWA niche, we help tech startups and established companies successfully launch utility and security compliant tokens and thrive in the Web3 market. Our approach addresses the need for extensive tokenization support for Web2 startups, fostering their dynamic growth potential. Our versatile solution aims to unlock opportunities across diverse asset classes, enhance liquidity, broaden market reach, support business development, and unlock asset value, effectively meeting market demands.

@ Newshounds News™

Source:  Blockchain Reporter

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XRP SECURES GOLDEN CROSS AGAINST BITCOIN, WHAT'S NEXT?

XRP has achieved a major technical pattern in its Bitcoin (BTC) pairing, forming a golden cross. This technical pattern, often seen as a bullish signal, occurs when a short-term moving average crosses above a long-term moving average. 

A golden cross happens when the 50-day simple moving average (SMA) crosses above the 200-day SMA, indicating potential upward momentum. XRP has been steadily gaining ground against Bitcoin in recent weeks. The recent altcoin bull run has seen funds flowing from Bitcoin into other cryptocurrencies, including XRP.

@ Newshounds News™

Source and Read more:   U Today  

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GOLDEN CROSS PATTERN EXPLAINED WITH EXAMPLES AND CHARTS

What Is a Golden Cross?
A Golden Cross is a chart pattern in which a relatively short-term moving average crosses above a long-term moving average. It is a bullish breakout pattern that forms when a security's short-term moving average (such as the 50-day moving average) crosses above its long-term moving average (such as the 200-day moving average) or resistance level.

As long-term indicators carry more weight, the Golden Cross indicates the possibility of a long-term bull market emerging. High trading volumes generally reinforce the indicator.

▪️A Golden Cross is a technical chart pattern indicating the potential for a major rally.

▪️The Golden Cross appears on a chart when a stock’s short-term moving average crosses above its long-term moving average.

▪️The Golden Cross can be contrasted with a Death Cross, which indicates a bearish price movement.

How Does a Golden Cross Form?
The Golden Cross is a momentum indicator, which means that prices are continuously increasing—gaining momentum. It means that traders and investors have changed their outlooks to bullish rather than bearish. The indicator generally has three stages.

The first stage requires that a downtrend eventually bottoms out as buyers overpower sellers. In the second stage, the shorter moving average crosses over the larger moving average to trigger a breakout and confirms a downward trend reversal.

Note
Support is a low price level that the market does not allow. Resistance is a high price level that the market resists. A breakout occurs when the price crosses one of these levels.

The last stage is a continuing uptrend after the crossover. The moving averages act as support levels on pullbacks until they cross back down.

The most commonly used moving averages for observing the Golden Cross are the 50-day- and 200-day moving averages. Generally, longer periods tend to form stronger, lasting breakouts. For example, the 50-day moving average crossover up through the 200-day moving average on an index like the S&P 500 is one of the most popular bullish market signals.

Day traders commonly use smaller periods like the 5-day and 15-day moving averages to trade intra-day Golden Cross breakouts. Some traders might use different periodic increments, like weeks or months, depending on their trading preferences and what they believe works for them.

But when choosing different periods, it's important to understand that the larger the chart time frame, the stronger and more lasting the Golden Cross breakout tends to be.

@ Newshounds News™

Source and Read More:  Investopedia  

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BRICS Breaking News: 🇨🇳 China discovers $83 billion gold reserve.

“This comes as gold prices have soared recently and are set to reach record highs in the coming months” 👀🔥

@ Newshounds News™

Source:  X BRICS INFO

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A BIG CHANGE FOR THE IRAQI DINAR - Economic Ninja |  Youtube

@ Newshounds News™

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THE END OF THE DOLLAR: GLOBAL FINANCE SHIFT 2024  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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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

19 "Don't Do It" Purchases

19 "Don't Do It" Purchases Older Adults Are Warning Millennials And Gen Z Not To Make

Alana Valko  Fri, November 22, 2024  BuzzFeed

We've all been let down by a purchase that didn't exactly meet our expectations.

And, in adulthood, buyer's remorse can sting a little harder — especially when those purchases become bigger and have more financial consequences.

Because none of us want to make the wrong bet, I asked older adults in the BuzzFeed Community to share the purchases they'd never recommend Gen Z'ers, Millennials, or any young adult make.

Here's everything they shared:

1."Don't buy extended warranties! Save your money. Over my 40 years of not buying them, there were only two times I might have been able to use one. Especially don't buy them on inexpensive items or on items like laptops where the technology changes so rapidly. Makes no sense."

2."Sort of a niche answer, but maybe someone will appreciate: Whole-life insurance is a rip-off. Super profitable for the company selling it. It's about 5x the cost of basic term life, and it comes with an investment account, but you can create the same setup yourself by buying the cheaper term life for 20% of the cost and putting the remaining 80% you saved yourself into your own investment account (retirement or whatever). You'll come out far ahead of where the whole-life policy would have gotten you."

3."Don't get hyped up by sales. They always tell you that it will end tomorrow, and it will, but the day after tomorrow, there will be another one. Pay when you're ready; prices will generally only go down (except for the new stuff). In some cases, be willing to go refurbished. You will often get something as good as the condition your new item would have been in after one month of usage."

Price tag showing a sale item originally priced at 179.00, now reduced to 129.00 at Manor. Includes barcodes and product codes

(Cont'd) "Fashion is idiotic. Looking trendy is expensive, and the only people you will lose as friends are the superficial ones (win-win). Everything trendy today will be out of fashion in 10 years or less, and this will rotate until the old fashions become the new ones again. Get clothing that is well made and comfortable for you, or at least the minimum needed for a work situation."

4."The latest tech device. Wait six months, and it will be cheaper. You may not even want it anymore, especially once the hype is over."

TO READ MORE:   https://www.yahoo.com/lifestyle/older-adults-sharing-purchases-dont-041603795.html

Some Possible Exchange Appointment Questions compiled by KTFA Members 11-24-2024

Some Possible Exchange Appointment Questions compiled by KTFA Members 11-24-2024

(Dinar Recaps Note: This post is for informational purposes only.  It is not legal, tax or investment advice.  Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.) Some of these may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest:  Some you may want to save for your own personal records!)

Clare:  THESE ARE FRANK’S BANKS QUESTIONS THAT YOU MAY WANT TO SAVE FOR YOURSELF...

IF I DEPOSIT MY PROFIT IN YOUR BANK ............ HOW MUCH WILL YOUR FDIC COVER MY ACCOUNT

WILL YOUR BANK CONNECT ME WITH YOUR INSURANCE COMPANIES?.......

WILL YOUR BANK GIVE ME A CARD TO WITHDRAW UNLIMITED AMOUNTS?.............

DO I NEED APPOINTMENTS TO WITHDRAW CASH ?

WILL YOUR BANK ESTABLISH A CASH RESERVE FOR MY ACCOUNTS?......

YO YO YO MR BANKER ...... U ALL GOT "CDARS" TO PROTECT ME WITH ?......FRANK26

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 THE FOLLOWING QUESTIONS ARE FROM PREMIUM MEMBERS THAT WERE POSTED IN CHAT

1. Will you confirm the validity of my notes in house?

2. What is the spread?

3. Will they pay for the insurance on my money if I leave it in their bank?

4. How will you guarantee that my funds will be safe in your keeping?

 5. Can I have my bank accounts locked down and the only one that can see my accounts is the Manager and I?

6. If I leave my money here for a set time how much interest can I get.?

7. Can I get my dinar exchanged into the USDC. Digital Dollar and sent to my crypto wallet?

8. Will they guarantee to match any better offer from another bank, so I know I am getting the best deal available by banking here?

9. How many accounts can I open up at one time?

10. If I exchange all of my foreign currency through your bank, would you charge me any service fees for the exchanges???

11. What perks above and beyond what you give to regular customers can you provide to me if I deposit with you?

12. What can you offer me that another financial institute won’t? Why should I select your institution?

13. Transfer limits?

14. How much is it to insure my bank accounts from someone hacking into my bank accounts?

15. If I only exchange some now but will be back to exchange a lot more later could I get a better spread on first exchange too?

16. Can you provide space to store gold and silver?

17. What will be your fee..  will it be determined by funds remaining in account, or amount of conversion , or both??

18. Is there a dedicated contact number or person that I can speak with in regards to my account without being routed to a call center?

19. What type of timeframe is There when I request fund to be transferred to a outside Account and is there a transfer limit?

20. If for any reason your bank takes my money and then says the FDIC will help you(I don’t believe they will but not in my lifetime) what kind of policies do you have in place to stop this from happening?

21. Can use this with our exchanges, https://www.intrafinetworkdeposits.com/

22. Can I get separate guarantees at each of your branch banks my money is in by having separate accounts?

23. Can I have a non interest bearing account and only make bank withdrawals from my trust? Is it possible not to have a debit card for my account?

24. What type of protection do you offer for a hacking incident through your security into my account via debit card attack?

25.Is it better to get a credit card with a high balance to get instead of a debit card so no one can get a hold of my accounts, wouldn’t this be better option then a debit card?

26. How many cashier's checks can I get on the first appointment

27. Is there a way to keep local tellers from knowing how much money you have?

28. Will your bank have the necessary equipment in house to validate the notes at the time of exchange.

29. In the news there was some stories that certain bank(s) seemed to freeze accounts over someone’s political position, is that a concern here? (shame we have to ask this now a days) imo

30. Will you offer help with our tax questions?

31. Will you have any objections to come to my attorney’s office and be recorded while doing my exchange?

32. Bank? do you have De La Rue machine?

33. How many interest-bearing accounts can I have for compounding interest from the principal?

34. How many derivatives does your bank hold?

35. Would I have a dedicated person to inform me on the growth of the rate throughout the year?

36. Will we have free access to a wealth management team?

37. Bank? Will I get a no fee account if I deposit my money with you?

38. Can you guarantee that my account would not be used to train tellers?

39. What perks will I get with my account?

40. What high-yield accounts are available at the multi-million $ level?

41. At what deposit point $ (my deposits / others I direct to deposit) will I "NOT" have to pay a spread fee?

 42. Can you get me in SILVER OR GOLD for my currencies and I prefer not to keep them at home, how does it work for you to keep here? any charges, how quickly can I get it.

43. Will you pay for INS over the FDIC if I Keep it in your banks, will you have a group health ins for my family.

44. What type of accounts will be available to me? And can you offer transfers of funds outside the USA?

43. Contact information regarding Canadian Banks?

44. how many accts are insured up to $250.000.00 can I have .....

45. Would this account be fiduciary, meaning I have control?

46. What in-house Wealth Management services do you have to offer, and what information about them is available on line?

47. What must my net worth be, to be a part of your Private Bank and what are your fees based on Assets Under Management?

48. Should we bring in 1 IQD note to establish a relationship with the bank before bring in the rest of the IQD notes?

49. Do you have multicurrency accounts, and can we have one in IQD? If not, can we open one in a foreign account and once in IQD, can we send the deposit currier protected by the bank to deposit in their account as IQD?

50. Can we have that account in IQD tied to a bank card and use it in the US, getting the bank card exchange rates that are so low?

51. Do we need a Wealth Manager prior to our exchange?

52. Would it be best to get the trust set up prior to exchange

53: Can you give us an idea, by assuming only moderate risk what type of return we could get at different levels of investment left with your bank. Also, what would be the time period we would have to agree for, to get these returns.

54. How will the Bank handle a influx of exchange appointments with a unknown timeframe to exchange?

55. If several accounts are opened each with 250,000.00 due to insurance coverage if placed in trusts after one is established. Do they need separate EIN numbers?

56. When I buy my house, cars etc. what is the best rate and terms you will offer me. I believe in OPM if I can get a 1,2,3,% rate on what I borrow yet make 7,8,9,10% or more on my investments. Lets talk or should I say Negotiate! n my investments

57. If you are involved on a higher level investment platform with your bank, On average how often can you pull distributions from the investment? Annually, Qtrly, monthly, etc...

58. Does your bank participate in CDARs?

59. Why should I do business with you over your competitors?

60. If we as a Group come in and exchange our Dinars , will you drop the spread fee for the ones that would leave 50% of our exchange money in your Bank for not less than three years?

61. How soon after depositing or account opened will I be able to access funds, and will there be a limit placed on how much is withdrawn?

62. Can i deposit my ncsn (New small currency notes-lower denoms) in your bank ( floating)

63. How will you protect me & fight for me?

64. Can I open an account & place a few dinar in it, then hold the rest until I'm ready to fold?

65. If I exchange my Dinars here and have it deposited into my account in another Bank, What would the spread be?

66. Can I break a 25K IQD Note into smaller Dinar denominations, the same way one might break a $20 bill into smaller bills?

67. Is faxing used as alternative to emails for secure communication? (Olde school faxing)

68. Does your wealth management team set up electronic(digital) exchange capabilities for me(my investment accounts) with stateside brokerage firms that offer better (no) transaction fees between them and my foreign trading accounts?

69. Is a prudent amount for exchange be based on current debt levels? Should any amount or percentage of funds be held in reserve?? Thank You much.

70. Do you) have beneficiary accounts?

71. Will you be able to create "Clean & Clear Certificates to verify funds are legal.

72. Are you invested in derivatives? If so, which ones, and can the wealth manager give me a list of them and their 10 yr history of performance?

“Tidbits From TNT” Sunday 11-24-2024

TNT:

Tishwash:  Koger: The budget schedules have not reached us yet, and we will start the sessions as soon as they arrive.

Jamal Kojer, a member of the Parliamentary Finance Committee, explained today, Saturday, that the budget schedules have not reached the Finance Committee yet, and we have not been informed of the date of sending them to the House of Representatives.

Kocher added in his statement to {Euphrates News} Agency, "Once the schedules reach the committee, they will be announced and the sessions for the first reading will begin if they include texts. If the schedules are devoid of texts, the committee will begin reading the schedules only."

He stressed that "the committee will work to prevent tampering with the schedules, as happened previously."  link

Tishwash:  The Trade Bank of Iraq (TBI) announced today, Saturday, a plan to open a number of new branches. 

The media advisor of the Trade Bank of Iraq (TBI), Aqeel Al-Shuwaili, said that “the plan included opening an office for the bank in SOMO Oil Marketing Company in Rusafa and a cash deposit office in Karkh in the Red Crescent Society in Al-Mansour area, as well as opening a branch in Karkh in 14 Ramadan Street, in addition to opening a branch in Karkh in Al-Saydiyah area, in addition to opening a branch in the governorate center in Samawah in Al-Baraka Mall.

The statement indicated that “the plan also included preparing to open other new branches, namely the Ziona branch in Rusafa, the Tikrit branch in Salah al-Din Governorate, a branch in Basra Governorate, and the Diwaniyah branch in Qadisiyah Governorate.”  link

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

Tishwash:  The European Union organizes a workshop in Basra on central administration and the wealth distribution system

The European Union organized a workshop in Basra on central administration and the wealth distribution system.

Basra Governor Asaad Al-Eidani stressed during the workshop that the distribution of wealth has limitations for the poorest areas as well as areas with high population density, in addition to areas that were damaged by the wars that Iraq witnessed.

He added that Basra has three resources for distributing wealth in the budget, which are: regional development, border crossing revenues, and petrodollars. Basra may not be given its full revenues, which are according to the constitution, due to the financial situation and challenges facing the country. He pointed out that during the past two years there are debts owed to the governorate that must be given those entitlements.

Al-Eidani explained that "the infrastructure projects being implemented in the province have contributed significantly to improving the economic situation in various housing units, noting that house prices in the province have witnessed a noticeable doubling during the past few years, reaching ten times their previous value.

Al-Eidani pointed out that these improvements reflect the impact of development projects on improving the standard of living and enhancing the value of real estate assets in Basra."  link

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

Tishwash:  MEPS24: US Consul in Erbil highlights promising economic opportunities for Iraq

On Saturday, Steven Bitner, the US Consul General in Erbil, spoke about the "economic opportunities" that will bring significant benefits to both Iraq and the United States.

During a panel discussion at the Middle East Peace and Security Forum (MEPS24) at the American University in Duhok, the Kurdistan Region, Bitner stated that "the strategic agreement between the two countries encompasses various aspects, including economic, cultural, health, and environmental cooperation, as well as strengthening mutual relations."

"For the past twenty years, security and political concerns have dominated the relationship between the United States and Iraq. However, recent efforts have focused on economic opportunities that will benefit both countries," he noted.

Notably, MEPS24 features participation from the President of Iraq, the Speaker of the Iraqi Parliament, the President of the Kurdistan Region, and numerous local, Arab, and international officials.

Organizers of the two-day forum emphasize that it includes panel discussions, seminars, and workshops on the situation in the Middle East and the world. "The forum aims to build bridges of cooperation between participating countries, discuss problems and solutions, and explore the role of society in the Middle East." link

Mot: . Bet You Didn't Know! 

Mot: ..... at Long Last!!!

https://www.youtube.com/watch?v=jRv-fgfLFTk

Decoding the Global Currency Reset (GCR/RV): An Overview

Decoding the Global Currency Reset (GCR/RV): An Overview

Awake-In-3D   November 23, 2024

Uncover the origins, key components, and future implications of the Global Currency Reset (GCR).

The Global Currency Reset (GCR) is more than just a buzzword in global economics—it’s a concept that has sparked both curiosity and debate. Whether you’re new to the idea or have been following its evolution, understanding the GCR requires a clear grasp of its origins, driving factors, and potential outcomes. In this article, we’ll explore how the Global Currency Reset could reshape financial systems worldwide, addressing long-standing economic imbalances and redefining monetary stability.

Introduction: What is the Global Currency Reset?

The Global Currency Reset (GCR) is a transformative framework in global economics, focused on recalibrating the world’s monetary systems to address imbalances, inequalities, and inefficiencies in currency values. For some, it is a beacon of hope, promising economic equity and sustainability; for others, it remains an elusive theory met with skepticism.

In this article, we aim to bridge the gap between newcomers eager to grasp the fundamentals of the Global Currency Reset and seasoned veterans refining their understanding of its intricacies. By exploring the origins, drivers, and implications of the Global Currency Reset, we’ll build a solid foundation for understanding this fascinating and often misunderstood phenomenon.

The Origins of the Global Currency Reset

The concept of a currency reset is not entirely new. Historically, monetary realignments have occurred during times of major global upheaval, such as wars, financial crises, or economic collapses. Key examples include:

• The Bretton Woods Agreement (1944): Established the U.S. dollar as the world’s reserve currency, pegged to gold, and created a system for stabilizing exchange rates.

• The Nixon Shock (1971): President Nixon ended the gold standard, transitioning currencies to a fiat system where values are no longer tied to tangible assets.

The Global Currency Reset builds on these historical precedents while introducing a modern, coordinated, global approach to recalibrating currency values.

Why is the Global Currency Reset Gaining Attention Now?

The growing focus on the Global Currency Reset stems from several converging factors:

• Global Debt Crisis: Soaring national debts have made the current financial system unsustainable for many countries.

• Economic Disparities: The wide gap between developed and developing economies highlights the urgent need for equitable monetary adjustments.

• De-Dollarization: Many nations are actively seeking alternatives to the U.S. dollar as the dominant reserve currency, exploring asset-backed currencies and bilateral trade agreements.

• Technological Advancements: Blockchain and digital currencies enable transparent and efficient global transactions.

These drivers fuel the Global Currency Reset narrative, prompting discussions about whether a reset will restore balance to the international financial system.

Key Components of the Global Currency Reset

While interpretations of the Global Currency Reset vary, several core elements remain consistent in most discussions:

• Currency Revaluation (RV): The revaluation of national currencies reflects their true market value. Advocates argue this adjustment corrects decades of artificially manipulated exchange rates.

• Asset-Backed Currencies: A shift away from fiat currencies to those backed by tangible assets like gold, silver, or other commodities. Proponents assert this increases transparency and stability while reducing inflationary pressures.

• Debt Forgiveness: A restructuring or elimination of unsustainable national debts represents a necessary step to provide struggling economies with a renewed economic framework.

• Unified Financial Systems: The creation of a global framework for fair trade and financial cooperation. This could involve updated International Monetary Fund (IMF) practices or entirely new institutions.

How the Global Currency Reset Will Be Implemented

The implementation of the Global Currency Reset and the associated Revaluation of Currencies (RV) hinges on innovative financial systems that address the limitations of the current fiat-based and centralized monetary structures. A promising vision for the Global Currency Reset/RV involves the integration of gold-backed currencies, blockchain technology, decentralized ledgers, and a multi-polar cross-border payment infrastructure.

• Gold-Backed Currencies: A Return to Tangible Value. The cornerstone of this strategy is the transition from fiat currencies to gold-backed systems. Unlike fiat money, gold-backed currencies derive their value from physical reserves of precious metals, offering transparency and stability. Countries adopting this model peg their national currencies to specific quantities of gold or other tangible assets, ensuring intrinsic value. This approach curbs inflation, restores confidence in national currencies, and reduces reliance on speculative monetary practices.

• Blockchain Technology: A Transparent and Secure Foundation. Blockchain technology provides the ideal infrastructure for a transparent and tamper-proof Global Currency Reset system. By leveraging decentralized ledgers, participating nations digitize gold reserves, with each unit of currency represented by a digital token backed by physical gold held in secure reserves. Blockchain ensures accountability by tracking and verifying all transactions and monetary adjustments in real time. Its transparency reinforces trust, while its security features protect against fraud and cyber threats.

• Decentralized Ledger Systems: Reducing Reliance on Centralized Systems. A decentralized ledger system aligns with the goals of a multipolar world by reducing reliance on centralized systems. This structure ensures equal participation, where all nations, regardless of size or economic power, have an equitable voice in decision-making. Distributed governance manages monetary policies and exchange rate adjustments collaboratively through consensus mechanisms. Decentralization mitigates risks associated with centralized points of failure, ensuring fairness and resilience.

• Multi-Polar Cross-Border Payment Infrastructure. The Global Currency Reset requires a robust and independent payment system to facilitate cross-border transactions without existing centralized frameworks like SWIFT or U.S. dollar hegemony. A multi-polar payment system achieves this by diversifying settlement currencies, using a basket of gold-backed digital currencies from multiple nations instead of a single reserve currency. This infrastructure promotes bilateral and regional trade, enabling nations to trade directly using their gold-backed currencies. Blockchain-enabled systems ensure instant settlements, reducing costs and delays.

• Coordinated Adoption and Integration. For the Global Currency Reset to succeed, adoption and integration will be carefully orchestrated. Pilot programs will test gold-backed digital currencies within national economies to refine the system before full-scale implementation. Participating nations will establish international agreements on currency valuations, reserve audits, and blockchain interoperability. Developing a shared blockchain standard ensures seamless transactions and compatibility across borders, minimizing disruption during the transition and equitably distributing the benefits.

Supporters and Critics of the Global Currency Reset

The GCR community includes a diverse range of supporters, from economists and policymakers to grassroots advocates. Proponents highlight its potential to address global economic inequalities, stabilize volatile currencies, and create a more equitable financial system. However, critics question the feasibility of the Global Currency Reset, citing logistical complexities of coordinating a global reset, risks of unintended consequences such as market instability, and concerns over the motives of those promoting the reset, especially in speculative markets.

Implications for the Global Economy

A successfully implemented Global Currency Reset will initiate a new era of financial stability and cooperation. Key outcomes include economic realignment, where developing nations benefit from fairer currency valuations, boosting trade and investment; reduced debt burdens, where restructuring or forgiving debts frees up resources for infrastructure and development; and a shift in power dynamics, where a Global Currency Reset challenges the dominance of established reserve currencies, redistributing influence among emerging economies. Conversely, the failure of the Global Currency Reset risks exacerbating existing inequalities and deepening economic divides.

The Role of the Global Currency Reset Community

The growing Global Currency Reset community plays a crucial role in driving awareness and fostering dialogue around this complex issue. For newcomers, joining the community provides opportunities to learn, engage, and contribute to discussions about the future of global finance. For veterans, sharing knowledge and mentoring others strengthens the movement’s foundation.

The Bottom Line: A Vision for the Global Currency Reset

The Global Currency Reset is more than an economic concept; it is a vision for a world where financial systems are fair, sustainable, and inclusive. Whether you’re just discovering the Global Currency Reset or have been following its evolution for years, understanding its core principles is the first step toward meaningful engagement.

As we continue this series, we will delve deeper into the mechanics, implications, and controversies surrounding the Global Currency Reset, offering insights for both seasoned experts and curious newcomers. Stay tuned for our next article: Understanding Currency Revaluation (RV): The Basics.

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© 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

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Iraq News Highlights and Points to Ponder Late Saturday Night 11-23-24

An Inside Look At Iraq’s “Fuel Smuggling Market”: New Developments And Smugglers “Suffering”

Economy   2024-11-23 | 1,627 views   Sumerian News-Economy   Economic platforms specialized in energy information in the world revealed that they addressed...Iraq To Iran, and the request to prevent the passage of smuggled fuel tankers through the territory Kurdistan To Iran, after reaching Iraq to deal By raising the cost of a barrel of oil for foreign companies, and restricting export Oil and fuel exclusively through SOMO.

Economic reports said that the Iraqi Ministry of Foreign Affairs requested the authorities to...Iranian Preventing trucks carrying “oil, black oil and other petroleum products” from entering Iran through border crossing areas in the region. Kurdistan Iraq Unless exports are licensed by Iraq's state oil marketing company SOMO, according to a letter dated Nov. 12.

Reports quoting market sources say that a movement Bitumen and other petroleum products through the Haj crossing Imran- Piranshahr has already stopped due to the new directive, but Parviz Khan and Bashmakh border crossings are still exporting bitumen, but if this message is fully implemented, the exports will Iraq Of bitumen will be cut off because these producers do not have a license from SOMO.

The restrictions are expected to remain in place until further notice, although some market participants have expressed doubts about the effectiveness of the strict measures. The directives are expected to affect crude producers in the Kurdistan region, which have relied on local sales since the main export pipeline to Turkey was shut down last year.

Foreign operators working in the Kurdistan They have been transporting crude to local refineries since the pipeline was shut down, but data suggests Kurdish crude is also being smuggled – by truck – across the border to Turkey, Iran and Syria.

Bitumen market participants  in Iraq The smuggling ban, however, comes at a time when domestic supplies are already tight, due to limited availability of raw materials from refineries.

Not only are high margins encouraging Iraqi refiners to blend vacuum distillation residues to produce high-sulfur fuel oil, but the long blockade between Erbil and Sulaymaniyah, which began before the Kurdish elections in October, has made it difficult for bitumen producers to transport vacuum distillation residues from refineries to their production units.

Despite a reduction in freight rates to $10 per tonne last week to encourage bitumen producers to transport vacuum distillation residues, down from $35 per tonne when the ban began, most Kurdish suppliers have refrained from offering new export cargoes in the past three weeks.

A few Indian importers said it was becoming increasingly difficult to secure Iraqi bitumen barrels due to a lack of supply, and some bitumen suppliers have decided to step down in the hope that export values ​​will rise in line with higher Iranian sea freight rates.

Limited availability of spare parts has pushed up production costs for Iraqi bitumen suppliers, with producers saying Iraqi barrels will be offered at above $340 a tonne FOB Bandar Abbas in the coming days, compared with around $322-325 a tonne last week.

Market participants said one major producer in South Iraq It has stopped offering barrels since the end of October because high production costs have made export prices less competitive for major consumers such as India.   LINK

MP Calls For Activating China's Belt And Road Initiative

Economy    MP calls for activating China's Belt and Road Initiative   Information / Baghdad..    Head of the Amal parliamentary bloc, Yasser Al-Husseini, called today, Saturday, to activate the Chinese Belt and Road Initiative to get rid of American hegemony.

Al-Hussaini said in a statement to Al-Maalouma Agency, "China is at the forefront of countries in trade and economy with Iraq, indicating the importance of activating the Chinese agreement and starting to implement the Silk Road to get rid of American hegemony over Iraq's sovereignty."

He added, "The Belt and Road Initiative is of great importance in developing the Iraqi economy and building infrastructure."

He pointed out that "Iraq can exploit its distinguished geographical location as it connects by land and sea the three ancient continents (Asia, Africa and Europe) and will be a point of strength for Iraq in its contribution and participation in this great project." End/25H  LINK

The Central Bank Of Iraq Sells More Than $894 Million In Three Days

Shafaq News/ The Central Bank of Iraq witnessed total sales of hard currency exceeding $894 million in just three working days last week.

Shafaq News Agency correspondent explained that the Central Bank's sales of the US dollar during the past week, during the three days in which the auction was opened, amounted to 894 million, 662 thousand, and 721 dollars, at a daily average of 298 million, 220 thousand, and 907 dollars.

These sales declined compared to the previous week, when total sales amounted to $1,434,982,505.

He added that the highest sales of the week were on Sunday, reaching $308,018,326, while Tuesday recorded the lowest sales of $287,810,781.

The correspondent pointed out that foreign remittance sales accounted for the largest proportion of total sales, amounting to 841 million, 712 thousand, and 721 dollars, representing 94% of total sales, while cash sales were only 52 million, 950 thousand dollars.  LINK

OPEC Secretary General: Crude Oil And Natural Gas Are 'Gifts From God'

Energy     Economy News - Follow-up  OPEC Secretary-General Haitham Al-Ghais stressed that global warming talks should focus on reducing emissions rather than choosing energy sources, stressing during a speech he delivered at the United Nations Climate Change Conference (COP29) in Azerbaijan that crude oil and natural gas are “a gift from God.”

The comments came as world governments seeking to limit the damage caused by global warming in the Caspian Sea country met to try to reach a comprehensive financial agreement aimed at helping countries cut emissions and adapt to the effects of climate change.

Al-Ghais said in a speech he delivered at the conference hosted by Baku, the capital of Azerbaijan, “Oil and natural gas are in fact a gift from God.”

“Today, nearly 180 years after the discovery of oil, specifically here in Baku, the capital of Azerbaijan, oil and its various derivatives still play a role in how we heat and cool our homes, build buildings, and move and travel from one place to another. Oil and gas remain vital to producers and consumers around the world,” Al Ghais said.

“These resources affect how food is produced, packaged and transported, how medical research is conducted and how medical supplies are manufactured and distributed. I could go on and on with an endless number of examples,” he added.

The statements of the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, are in line with the opening speech of the President of Azerbaijan, Ilham Aliyev, in which he responded to Western criticism of his country's oil and gas industry, and also described these resources as a "gift from God."

He pointed out that the world's governments, which set a ceiling for the rise in global temperature during the Paris summit in 2015 of no more than 1.5 degrees Celsius compared to the pre-industrial revolution level, can achieve their climate goals without shifting away from oil.

Related News

Al Ghais also stressed that a balanced energy transition is the key to global sustainability.

"The Paris Agreement focuses on reducing emissions, not on choosing energy sources," he said.

OPEC said technologies such as carbon capture could address the climate change impacts of burning fossil fuels.

Mohamed Hamel, Secretary General of the Gas Exporting Countries Forum, also spoke at the conference on Wednesday in support of fossil fuels.

“As the world’s population grows, the economy expands and human living conditions improve, the world will need more natural gas, not less,” he said.

He added that he hopes that the COP29 agreement on international climate finance will allow support for natural gas projects to help countries transition away from more polluting fuels such as coal.

"The outcome of the conference should facilitate financing of natural gas projects and promote cleaner technologies such as carbon capture, storage and utilization," he added.

"This is essential to achieve energy transitions that are fair and inclusive and ensure that no country is left behind," he added.     https://economy-news.net/content.php?id=50114

A Government Bank In Karbala Embezzles Installment Amounts Paid By A Number Of Borrowers

Saturday, 11-23-2024, Taisir Al-Asadi  The Federal Integrity Commission was able to monitor cases of embezzlement of financial sums in a government bank in Karbala Governorate, indicating that the accused embezzled the amounts of installments paid by a number of borrowers.

The Government Media and Communications Office, while talking about the details of the operation that was carried out under the direct supervision of the judge of the Karbala Investigation Court, which is specialized in examining integrity cases, stated that a team formed in the Commission’s Investigation Office in the governorate,

and within the framework of the follow-up and auditing work it is carrying out at Rafidain Bank - Al-Hussainiya Branch, revealed the embezzlement of an amount of money that was paid by two borrowers, noting that the borrowers’ files were seized along with a calculator statement of the cash payments that showed the embezzled installments.

The media office added that the former bank manager, in cooperation with the loan and counter department officials and the computer employee, embezzled the installment amounts, noting that the accused had previously been arrested after an arrest warrant was issued against them by the competent investigating judge;

following the commission’s discovery of their embezzlement of financial amounts after it had audited (2413) files over a period of three weeks, by organizing fictitious loan transactions to purchase cars, indicating that their statements were recorded and they were presented to the judge of the Karbala Investigation Court specialized in integrity cases, who decided to detain them in accordance with the provisions of Article (315) of the Penal Code.

It is worth noting that the Authority announced on August 21st the arrest of 5 bank employees on the grounds of embezzling a sum of money after reviewing the borrowers’ files, guarantor forms, loan contracts, collection receipts, daily matching statements, calculator tables, and the electronic program. https://non14.net/public/172216

3 Brutal Money Lessons That No One Ever Told You About

3 Brutal Money Lessons That No One Ever Told You About

Heather Altamirano  Sat, November 23, 2024  GOBankingRates

Everyone has to manage bills, household expenses, taxes, and money, yet personal finance isn’t something most people are taught. Financial intelligence learned early can help avoid costly mistakes down the road, but according to Ramsey Solutions, only 26 states require high schoolers to take a course on personal finance to graduate.

Unless there’s someone giving guidance along the way, hard money lessons usually come from trial and error and are often learned too late.

Here are three brutal money lessons that are not talked about enough and how to avoid them.

Spiraling Debt

Americans are racking up more debt than ever. According to the Federal Reserve Bank of New York, consumers collectively owe $1.17 trillion in credit card debt, up 8.1% from last year. Spending can get out of control quickly, and too much debt prevents a comfortable retirement and a strong financial future.

“When you have more debt than you can handle, you often have to tap into your home equity or retirement IRAs to pay off the debt,” said Shelby Rothman, a financial advisor and founder of EnJoy Financial. “Some people are forced to lose their homes or go into bankruptcy, which can cause their credit scores to drop significantly.

 “I’ve seen many people with comfortable wages accrue debt larger than they can handle from buying expensive homes, luxury cars or motor homes. In addition to the debt these items create, they include extra expenses outside of the loan that the budget isn’t prepared for.”

To help avoid this pitfall, live within your means and create a realistic budget that isn’t credit card dependent.

“Understanding the full cost of ownership is the biggest way to prevent debt from mounting. Taking a loan out on an expensive motor home that comes with insurance, maintenance fees, and repairs can cripple your finances,” said Rothman. In addition, she believes it’s vital to plan for unexpected costs and mishaps by at least $1,000.

TO READ MORE:  https://www.yahoo.com/finance/news/3-brutal-money-lessons-no-170017457.html

Seeds of Wisdom RV and Economic Updates Sunday Morning 11-24-24

Good Morning Dinar Recaps

STELLAR AND THIS NEW COIN: THE DEFI DUO WITH POTENTIAL TO MULTIPLY A CRYPTO PORTFOLIO

A seasoned crypto and a rising DeFi star are capturing investor attention, offering potential for major portfolio growth.

Investors are eyeing a dynamic pair shaking up the decentralized finance scene. One is a seasoned cryptocurrency with a solid track record. The other is a fresh player gaining rapid attention.

Together, they could offer a compelling opportunity to amplify investment returns. This duo might be the catalyst for significant portfolio growth.

Early access to ZDEX: A token with 1000x potential

The ZDEX presale is officially underway, offering early adopters a prime opportunity to invest in a rising DeFi star at an entry price of just $0.0019. By the end of the presale the price will increase to $0.0029, meaning that ZDEX will appreciate 50% even before it gets listed.

ZDEX is the cornerstone of ZircuitDEX, a next-generation decentralized exchange (DEX). Unlike many junk coins, DEX tokens are built to thrive, thanks to their high demand and real utility.

Take Raydium (RAY), which skyrocketed 1790% in a year, or Uniswap, starting at $1 and now over $8, an 8-fold price increase. ZDEX token has similar 1000x potential, ready to reward those who get in early.

Built on the ultra-fast Zircuit Layer 2 chain, ZircuitDEX is crafted to meet the needs of both new and seasoned DeFi traders with its key features:

▪️Lightning-fast transactions for smooth trading experiences

▪️Minimal slippage to ensure trades occur close to desired prices

▪️Near-zero fees for cost-effective transactions

Fully EVM-compatible, ZircuitDEX ensures smooth integration with Ethereum tools, while its implementation of zero-knowledge proofs (ZK proofs) provides enhanced security—a critical feature as market participants increasingly prioritize safeguarding their assets.

Riding the meme coin wave
ZircuitDEX’s built-in meme coin launchpad gives investors a front-row seat to the next viral crypto sensations. With exclusive access to promising meme projects, ZDEX is ready to replicate the explosive success of tokens like BRETT, which soared over 14,000%! As ZircuitDEX nurtures a vibrant, community-centered approach, it’s primed to become the hotspot for high-growth meme tokens.

Efficiency and profitability for liquidity providers
For liquidity providers, ZircuitDEX delivers up to 500x capital efficiency compared to traditional decentralized exchanges. Concentrated liquidity pools allow LPs to earn higher returns with lower capital input, while automated strategies streamline trading, making it easier for users to optimize their holdings. ZDEX token holders also gain governance rights, exclusive airdrops, trade incentives, and staking rewards—adding further value to early participation.

As anticipation builds, ZDEX is quickly becoming a must-watch in the DeFi space, with investors eager to capitalize on its potential for outsized returns.

Stellar: Decentralized network enhancing global financial collaboration
Stellar (XLM) is a decentralized, open-source payments network using blockchain to enable quick, low-cost fund transfers.

It does not favor any national currency and features its own cryptocurrency, Stellar Lumens. Since 2014, Stellar has processed billions of transactions and formed major partnerships. It allows transfers of any currency type, including digital versions of national currencies and cryptocurrencies like Bitcoin.

Unlike many cryptocurrencies aiming to replace financial systems, Stellar seeks to enhance them, offering a unified network for collaboration. Individuals can transfer funds globally using Stellar apps, and companies can develop blockchain applications or use the network for payments and currency conversion. The potential of Stellar’s technology makes it an attractive option in the current market cycle.

Conclusion
In conclusion, although established coins like XLM have less short-term potential during this 2024 bull run, ZircuitDEX offers an exceptional opportunity with 500X capital efficiency, lightning-fast transactions, and zero slippage. The ZDEX Token’s 70% presale discount and potential 500% returns upon launch make it a promising asset to enhance portfolio growth.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

THE FUTURE OF NFTS: A TRANSFORMATION, NOT A TOMBSTONE

What’s next fro non-fungible tokens? What’s shaping the industry going into potentially favorable 2025 and beyond?

As we navigate the landscape of digital assets, the question looms large: Are NFTs dead?

The fervor that once engulfed the NFT market has certainly dimmed since the euphoric days of 2021, often compared to tulip mania. However, rather than writing an epitaph for NFTs, we should consider a transformative future shaped by evolving perceptions and real-world utility.

The Loyalty of Web3 Audience
The first challenge that non-fungible tokens (NFTs) face is the inconsistency of the Web3 community. This community is very responsive to market conditions and quickly jumps from one trend to another and changes its loyalty overnight.

The market was cruel for NFTs, indicating that many enthusiasts came to participate in temporary hype rather than for long-term value. As the hype faded, interest waned, leading to disgruntled investors and deserted businesses.

When the reality set in, a number of the Web3 aficionados went shopping for bigger fish, and NFTs soon became out of favor, exposing the market’s appetite for bubble factors instead of fundamentals.

Web2’s Shift: Brands and Normies Depart
Simultaneously, the Web2 audience—once eager to explore blockchain and NFTs—has also moved on. Initially brands that adopted NFTs for promotion purposes have now lost interest in NFT amidst falling prices and the new narrative gaining the center stage.

The discussions about NFTs, primed before, remain dormant and have no elasticity to gain mainstream media attention. For the average consumer, NFTs are just a faded trend, just as the overemphasis on new technologies.

The Future Ahead?
So, what does this portend for the future of NFTs? In Web2, it is obvious that digital art is the new order, and NFTs are still necessary as a medium for auctioning and distributing this art.

Nevertheless, this is probably unlikely to start the next bull market. It is true that profile picture projects (PFP) will always amuse a select few, but they, too, are unlikely to trigger a mass market revival. Bull markets thrive on innovation, where originality intersects with scarcity, driving demand beyond supply.

The burning question is: what could give rise to this newness?

NFTs as the Core Infrastructure
Rather than a relic of a bygone era, NFTs hold the potential to be vital components of blockchain infrastructure. They can enhance identity protocols, facilitate social finance, enrich gaming experiences, and tokenize real-world assets.

When viewed through this lens, NFTs are as fundamental to blockchain as the ERC-20 standard is to decentralized finance(DeFi).

Imagine the scenarios: Instead of real estate parcels having only one owner, anyone can own a fraction of the property. This means that a house deed can be put on sale, and people can buy the NFT and trade it permissionless, making real estate transactions simpler.

Alternatively, NFT-backed real estate investments could allow investors to easily buy into real estate projects without owning the actual property. Fractional ownership might even allow groups to purchase vacation homes or shared assets, like a pair of skis, easily.

Moreover, NFTs are set to redefine community relationships through membership access, perks, and value exchange. A myriad of applications will emerge, such as health records management, credit history management, and embedding NFTs into everyday life.

Conclusion: Transformation is the Key to Success
While the NFT market as we know it may be undergoing a reorientation phase, it is far from dead. Instead of wailing its past, we should focus on the shifts that will redefine our understanding of NFTs. By recognizing their potential beyond digital collectibles, we can pave the way for a future where NFTs become integral to our digital lives—ushering in a new era of innovation and opportunity.

@ Newshounds News™

Source:  CryptoPotato

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DONALD TRUMP SELECTS PRO-CRYPTO SCOTT BESSENT AS TREASURY SECRETARY

▪️Donald Trump has nominated Scott Bessent, a hedge fund manager and crypto advocate, as Treasury Secretary.

▪️Bessent’s pro-crypto stance sparked optimism of a shift toward balanced regulation that would help the industry grow.

▪️His nomination is seen as a potential turning point for fostering innovation and clearer policies in the crypto space.

Donald Trump, the President-elect of the United States, has nominated Scott Bessent as Treasury Secretary for his administration. This decision has generated enthusiasm in the emerging industry due to Bessent’s pro-crypto reputation.

Bessent and Cantor Fitzgerald CEO Howard Lutnick had been considered strong favorites for the position. However, Lutnick was eventually nominated as Commerce Secretary.

Crypto Industry Welcomes Scott Bessent’s Nomination for Treasury Secretary
In a November 22 announcement on Truth Social, Trump praised Bessent as the ideal candidate to support his administration’s economic goals. The President stated that Bessent will play a pivotal role in strengthening the US economy, fostering innovation, and maintaining the dollar’s status as the global reserve currency.

“Scott will support my policies that will drive US competitiveness, and stop unfair trade imbalances, work to create an economy that places growth at the forefront, especially through our coming world energy dominance,” Trump added.

Wall Street veteran Bessent, who founded the international macro investment company Key Square Group, brings extensive experience to the role. He had previously served as the chief investment officer for the prominent investor George Soros.

While President Trump’s announcement did not directly reference cryptocurrencies, many in the digital asset space view Bessent’s appointment as a positive sign.

 In past statements, Bessent has described crypto as a symbol of financial freedom. He also called Bitcoin an alternative investment for younger investors disillusioned with the traditional financial system.

“I have been excited about the president’s embrace of crypto and I think it fits very well with the Republican Party, crypto is about freedom in the crypto economy is here to stay,” Bessent stated.

His pro-crypto stance has led many to believe his leadership could encourage a more balanced approach to digital asset regulation. This would contrast with the outgoing administration’s enforcement-heavy tactics, such as its controversial sanctions on decentralized platforms like Tornado Cash.

Indeed, crypto industry leaders have responded enthusiastically to Bessent’s nomination. Ripple CEO Brad Garlinghouse commended Bessent’s nomination, calling it a win for innovation. He noted that Bessent’s leadership could mark a turning point for crypto-friendly policies in Washington.

Similarly, Kristin Smith, CEO of the Blockchain Association, highlighted the importance of Bessent working with Congress to establish clear regulations, ensure fair tax treatment, and protect self-custody rights for digital assets.

“Critical to this nomination would be working with Congress on a regulatory framework for digital assets, protecting the right to self custody, pushing for clearer tax treatment of digital assets, and working closely with industry experts to protect our nation’s security,” Smith remarked.

@ Newshounds News™

Source: Be In Crypto    

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UNLOCKING PERSONAL SOVEREIGNTY: YOUR GUIDE TO TOTAL FREEDOM  |  Youtube

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Source:  Seeds of Wisdom Team RV Currency Facts

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@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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