Seeds of Wisdom RV and Economic Updates Wednesday Evening 11-27-24
Good Evening Dinar Recaps,
TRUMP’S TEAM PICKS PAUL ATKINS FOR SEC CHAIR: REPORT
In the ongoing developments surrounding the rapidly evolving cryptocurrency landscape, Donald Trump’s team has reportedly consider a new Securities and Exchange Commission (SEC) chair to replace the current chair, Gary Gensler. According to the latest report, the Trump’s team has consider pro-crypto former commissioner Paul Atkins for the SEC chair position.
Trump’s Team Consider Paul Atkins to Replace Gary Gensler
Atkins is known for his crypto expertise and innovative stance in supporting this rapidly evolving landscape. Following his election as SEC chair, there is a strong possibility that he could actively back and promote U.S. crypto regulation while encouraging rapid growth in the sector.
Good Evening Dinar Recaps,
TRUMP’S TEAM PICKS PAUL ATKINS FOR SEC CHAIR: REPORT
In the ongoing developments surrounding the rapidly evolving cryptocurrency landscape, Donald Trump’s team has reportedly consider a new Securities and Exchange Commission (SEC) chair to replace the current chair, Gary Gensler. According to the latest report, the Trump’s team has consider pro-crypto former commissioner Paul Atkins for the SEC chair position.
Trump’s Team Consider Paul Atkins to Replace Gary Gensler
Atkins is known for his crypto expertise and innovative stance in supporting this rapidly evolving landscape. Following his election as SEC chair, there is a strong possibility that he could actively back and promote U.S. crypto regulation while encouraging rapid growth in the sector.
Recently, Eleanor Terrett, a journalist at Fox Bussiness, noted on X (formerly Twitter),
“Atkins is someone who is not only crypto-savvy but possesses a deep understanding of the inner workings of the agency as both a former commissioner and staffer under two prior SEC Chairs — Richard C.”
Terrett further added that Atkins is seen as being capable of establishing a pro-innovation agenda while returning the agency to the so-called “gold standard” many in the Republican Party feel was lost under outgoing chair Gary Gensler.
Current Market Outlook
Following this much-awaited update, the overall cryptocurrency market began turning green.
As of press time, top assets including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have registered gains of over 2.75%, 7.5%, and 6%, respectively, in the past 24 hours. Meanwhile, other major cryptocurrencies are experiencing similar upside momentum.
@ Newshounds News™
Source: CoinPedia
~~~~~~~~~
TETHER DOESN’T LIKE MICAR SO DITCHES EURO STABLECOIN
Tether, the issuer of the world’s largest stablecoin, doesn’t like Europe’s MiCA regulations. Other stablecoin issuers are also not keen on the requirement to put a substantial proportion of reserves into bank accounts, as required by MiCAR. But they nonetheless comply. Tether isn’t willing to do so, and today it confirmed it is shutting down EURT, its Euro stablecoin. Users have a year to redeem the coin.
EURT has a market capitalization of €26 million compared to Tether’s USD stablecoin at $132 billion. To date Tether has operated offshore so it’s likely just not worth the work involved to become MiCAR compliant.
MiCAR requires 30% of reserves to be held in bank accounts, with 60% for larger stablecoins. Tether views this as risky compared to investing in Treasuries. Bank deposits also pay less than government bonds.
“Until a more risk-averse framework is in place — one that fosters innovation and offers the stability and protection our users deserve — we have chosen to prioritize other initiatives,” Tether said in a statement.
Tether is known for keeping most of its stablecoin reserves in high risk assets in the past. The company is also accident prone. Over time the quality has improved significantly, but over 15% of its reserves would be considered moderate to high risk.
Instead of becoming MiCAR compliant itself, Tether’s investment arm (with assets separate from the stablecoin) has invested in Quantoz, a company that plans to issue MiCAR compliant US dollar and euro stablecoins. Quantoz will also use Tether’s Hadron tokenization infrastructure.
What about USDT in Europe?
MiCAR came into force for stablecoins at the end of June, but much of the regulations only apply from year end, at which time enforcement actions become a possibility.
The regulations don’t just apply to Euro stablecoins, but other currencies as well. There are caps of €200 million in daily transactions for non euro coins. Given Tether’s USDT sometimes transacts around $100 billion in a day, one might think it would breach these limits.
However, the limits relate to everyday retail transactions. It excludes crypto transactions and all investment transactions and only applies where both the payer and the recipient are within the EU. We previously published a deeper dive into the limits.
Meanwhile, Paxos, the regulated stablecoin issuer has acquired a MiCAR compliant firm, Membrane Finance.
Newshounds News™
Source: Ledger Insights
~~~~~~~~~
WHY ISO 20022 IS ABOUT TO REVOLUTIONIZE FEDWIRE PAYMENTS FOREVER | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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Thank you Dinar Recaps
Good Evening Dinar Recaps,
TRUMP’S TEAM PICKS PAUL ATKINS FOR SEC CHAIR: REPORT
In the ongoing developments surrounding the rapidly evolving cryptocurrency landscape, Donald Trump’s team has reportedly consider a new Securities and Exchange Commission (SEC) chair to replace the current chair, Gary Gensler. According to the latest report, the Trump’s team has consider pro-crypto former commissioner Paul Atkins for the SEC chair position.
Trump’s Team Consider Paul Atkins to Replace Gary Gensler
Atkins is known for his crypto expertise and innovative stance in supporting this rapidly evolving landscape. Following his election as SEC chair, there is a strong possibility that he could actively back and promote U.S. crypto regulation while encouraging rapid growth in the sector.
Recently, Eleanor Terrett, a journalist at Fox Bussiness, noted on X (formerly Twitter),
“Atkins is someone who is not only crypto-savvy but possesses a deep understanding of the inner workings of the agency as both a former commissioner and staffer under two prior SEC Chairs — Richard C.”
Terrett further added that Atkins is seen as being capable of establishing a pro-innovation agenda while returning the agency to the so-called “gold standard” many in the Republican Party feel was lost under outgoing chair Gary Gensler.
Current Market Outlook
Following this much-awaited update, the overall cryptocurrency market began turning green.
As of press time, top assets including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have registered gains of over 2.75%, 7.5%, and 6%, respectively, in the past 24 hours. Meanwhile, other major cryptocurrencies are experiencing similar upside momentum.
@ Newshounds News™
Source: CoinPedia
~~~~~~~~~
TETHER DOESN’T LIKE MICAR SO DITCHES EURO STABLECOIN
Tether, the issuer of the world’s largest stablecoin, doesn’t like Europe’s MiCA regulations. Other stablecoin issuers are also not keen on the requirement to put a substantial proportion of reserves into bank accounts, as required by MiCAR. But they nonetheless comply. Tether isn’t willing to do so, and today it confirmed it is shutting down EURT, its Euro stablecoin. Users have a year to redeem the coin.
EURT has a market capitalization of €26 million compared to Tether’s USD stablecoin at $132 billion. To date Tether has operated offshore so it’s likely just not worth the work involved to become MiCAR compliant.
MiCAR requires 30% of reserves to be held in bank accounts, with 60% for larger stablecoins. Tether views this as risky compared to investing in Treasuries. Bank deposits also pay less than government bonds.
“Until a more risk-averse framework is in place — one that fosters innovation and offers the stability and protection our users deserve — we have chosen to prioritize other initiatives,” Tether said in a statement.
Tether is known for keeping most of its stablecoin reserves in high risk assets in the past. The company is also accident prone. Over time the quality has improved significantly, but over 15% of its reserves would be considered moderate to high risk.
Instead of becoming MiCAR compliant itself, Tether’s investment arm (with assets separate from the stablecoin) has invested in Quantoz, a company that plans to issue MiCAR compliant US dollar and euro stablecoins. Quantoz will also use Tether’s Hadron tokenization infrastructure.
What about USDT in Europe?
MiCAR came into force for stablecoins at the end of June, but much of the regulations only apply from year end, at which time enforcement actions become a possibility.
The regulations don’t just apply to Euro stablecoins, but other currencies as well. There are caps of €200 million in daily transactions for non euro coins. Given Tether’s USDT sometimes transacts around $100 billion in a day, one might think it would breach these limits.
However, the limits relate to everyday retail transactions. It excludes crypto transactions and all investment transactions and only applies where both the payer and the recipient are within the EU. We previously published a deeper dive into the limits.
Meanwhile, Paxos, the regulated stablecoin issuer has acquired a MiCAR compliant firm, Membrane Finance.
Newshounds News™
Source: Ledger Insights
~~~~~~~~~
WHY ISO 20022 IS ABOUT TO REVOLUTIONIZE FEDWIRE PAYMENTS FOREVER | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound's Podcast Link
Newshound's News Telegram Room Link
Q & A Classroom Link
Follow the Roadmap
Follow the Timeline
Seeds of Wisdom Team™ Website
Subscribe to Seeds of Wisdom Team™ Newsletter
Thank you Dinar Recaps
FRANK26….11-27-24…..THE TRUMPET…
KTFA
Wednesday Night Conference Call
FRANK26….11-27-24…..THE TRUMPET…
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
Wednesday Night Conference Call
FRANK26….11-27-24…..THE TRUMPET…
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
More News, Rumors and Opinions Wednesday PM 11-27-2024
KTFA:
Clare: Parliamentary Oil: Amending a paragraph in the budget enhances oil exports and understanding with Kurdistan
11/27/2024
The Parliamentary Oil and Gas Committee confirmed, today, Wednesday, that amending the paragraph on paying the costs of extracting the Kurdistan Region’s oil and handing it over to “SOMO” opens the way for expanding exports and improving coordination between the region and the center.
Member of the Parliamentary Oil and Gas Committee, Kazem Al-Tawki, told Al-Furat News Agency that “Iraq is committed to the OPEC system in determining the quantities of oil production, noting that production sometimes falls below the specified ceiling.”
KTFA:
Clare: Parliamentary Oil: Amending a paragraph in the budget enhances oil exports and understanding with Kurdistan
11/27/2024
The Parliamentary Oil and Gas Committee confirmed, today, Wednesday, that amending the paragraph on paying the costs of extracting the Kurdistan Region’s oil and handing it over to “SOMO” opens the way for expanding exports and improving coordination between the region and the center.
Member of the Parliamentary Oil and Gas Committee, Kazem Al-Tawki, told Al-Furat News Agency that “Iraq is committed to the OPEC system in determining the quantities of oil production, noting that production sometimes falls below the specified ceiling.”
He added: "The recent agreement with the Kurdistan Region included amending a paragraph in the budget related to paying the financial costs of extracting oil and delivering it to SOMO, which opens the way for expanding exports or directing the region's oil to refineries."
He stressed the importance of this understanding between the region, the center and the Ministry of Oil to achieve better coordination in the management of oil resources.
From.. Raghad LINK
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Clare: The Iraqi government signs two memoranda of understanding with Arab tourism, consisting of 7 points
11/27/2024
In Wednesday, Iraqi Prime Minister Mohammed Shia al-Sudani sponsored the signing of two memoranda of understanding with the Arab Tourism Organization. His media office said in a statement received by Shafaq News Agency that al-Sudani received today the head of the Arab Tourism Organization affiliated with the League of Arab States, Bandar bin Fahd Al-Fahid, and his accompanying delegation.
The statement added that during the meeting, they discussed areas of joint work to develop the tourism reality in Iraq, in light of the government's plan to develop the tourism reality.
Al-Sudani stressed the importance of enhancing cooperation with the Arab Tourism Organization to support attracting Arab tourism to Iraq, which is rich in religious, archaeological and natural tourism assets.
According to the statement, Al-Sudani sponsored the signing ceremony of two memoranda of understanding for the Arab Tourism Organization; the first with the Ministry of Culture, Tourism and Antiquities, and the second with the International Development Bank for Investment and Finance, which include expanding and developing tourism cooperation in the following areas:
1- Benefit from the agreement signed between the Arab Tourism Organization and the Islamic Development Bank Group, related to the insurance policy to guarantee investment, with the aim of attracting capital to invest in tourism projects in Iraq.
2- Benefit from the programs of the Arab Tourism Organization and its agreements with international companies in the field of technical consultations and studies.
3- Qualifying Iraqi tourist facilities, including hotels, restaurants and cafes, to obtain the quality and ISO mark.
4- Benefiting from the organization’s programs in training and qualifying workers in the tourism sector at the public and private sectors levels to raise the capabilities of its workers.
5- Studying the possibility of opening a regional office for the Arab Tourism Organization in Baghdad to represent the Arab Mashreq region.
6- Benefiting from the Arab Tourist Card project, which will be launched in Baghdad through the organization’s strategic partner; the International Development Bank and Visa International.
7- Implementing rehabilitation programs for Iraqi youth in the field of quality control of tourism and hotel facilities.
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Article quote: "The objectives of banking reforming Iraq will end with a high integration that achieves competitiveness, homogeneity, compliance and governance within the Iraqi banking market and achieves the integration of the national banking market with the global market." They haven't ever done that with an exchange rate of 1180, 1166, 1182, 1310, 1450...Never happened. Then why would they just all of a sudden say, 'Now it's okay'? ...Integrating Iraq's national banking market system with the global market system in my view will require a real effective exchange rate...
Frank26 What is it that the Central Bank of Iraq needed in order to bring forth a new exchange rate and the lower notes to the citizens? Security and stability. That was the key. You cannot do anything without security and stability...Article quote: "Alaq, the monetary situation in Iraq is excellent and our reserves support the stability of the exchange rate." ...That's a confession...you have stability!
‘Fiat Is Failing’: Why James Lavish Believes Bitcoin Is the Future of Hard Money
Kitco News: 11-27-2024
Bitcoin is making waves as it approaches $100,000, but according to James Lavish, Managing Partner at the Bitcoin Opportunity Fund, the real story lies in the decline of fiat currencies like the U.S. dollar.
In this interview Jeremy Szafron, Lavish explains why inflation, debt, and currency debasement are fueling Bitcoin’s meteoric rise. He also breaks down key catalysts ahead, including institutional adoption, regulatory clarity following SEC Chair Gary Gensler’s departure, and the potential impact of pro-crypto policies under a Trump administration.
Lavish delves into Bitcoin’s long-term potential, predicting it could rival gold as a global store of value and surpass $1 million per coin within the next decade.
He also shares insights on MicroStrategy’s bold Bitcoin strategy and what retail and institutional investors should watch for in the rapidly evolving crypto landscape.
Whether you’re a Bitcoin enthusiast or a skeptic, this conversation offers critical insights into the future of digital assets.
00:00 Introduction
02:45 Gold vs. Bitcoin: Perspectives from the Investment Conference
05:51 Market Cycles and Election Impact on Bitcoin
11:01 Federal Reserve and Economic Policies
17:49 Bitcoin's Market Position and Future Outlook
18:11 Breaking the 100,000 Barrier
20:18 MicroStrategy's Bold Bitcoin Strategy
22:14 Convertible Bonds and Delta Hedging
26:40 Citron's Short Position on MicroStrategy
28:49 Bitcoin's Future and Market Outlook
31:47 Bitcoin's Growth Potential
34:20 Wealth Disparity and Asset Accumulation
35:10 Conclusion
Iraq Economic News and Points to Ponder Wednesday 11-27-24
Gold Prices Move Cautiously Ahead Of US Inflation Data
Wednesday 27 November 2024 08:24 | Economic Number of readings: 138 Baghdad / NINA / Gold prices fluctuated in a narrow range during Asian trading on Wednesday, amid a set of factors affecting investors, most notably anticipation of US inflation data, which will give indications about the potential extent of the Federal Reserve's (the US central bank) interest rate cut next month.
Spot gold settled at $2,635.56 per ounce by dawn on Wednesday, and basically moved within a narrow range of nine dollars during the session. Gold recorded its lowest level in more than a week yesterday, Tuesday.
Gold Prices Move Cautiously Ahead Of US Inflation Data
Wednesday 27 November 2024 08:24 | Economic Number of readings: 138 Baghdad / NINA / Gold prices fluctuated in a narrow range during Asian trading on Wednesday, amid a set of factors affecting investors, most notably anticipation of US inflation data, which will give indications about the potential extent of the Federal Reserve's (the US central bank) interest rate cut next month.
Spot gold settled at $2,635.56 per ounce by dawn on Wednesday, and basically moved within a narrow range of nine dollars during the session. Gold recorded its lowest level in more than a week yesterday, Tuesday.
US gold futures rose 0.6 percent to $2,635.80.
As for other precious metals, spot silver fell 0.1 percent to $30.39 per ounce, platinum settled at $927.45, and palladium fell 0.4 percent to $973.50.
“There’s a geopolitical element to all of this, with some selling pressure coming from the ceasefire agreement between Israel and Lebanon,” said Kyle Rodda, a financial markets analyst at Capital.com.
The ceasefire between Israel and Hezbollah in Lebanon, brokered by the United States and France, went into effect at 0200 GMT on Wednesday.
Gold is considered a safe-haven investment in times of economic and geopolitical uncertainty, such as trade wars and other conflicts.
“Longer term, I think the trade war that (US President-elect Donald) Trump is going to start could be positive for gold because of the high debt burden and some abandonment of the dollar,” Rodda said.
Federal Reserve officials were divided over whether to cut interest rates again at their meeting earlier this month, but agreed to avoid offering too much guidance on the future direction of monetary policy.
Markets are currently pricing in a 63 percent chance of a 25 basis point rate cut in December, according to the CME Group’s FedWatch tool.
Traders will be closely watching the Core PCE, Jobless Claims and First GDP Revision data, due later today./End9 https://ninanews.com/Website/News/Details?key=1171363
Economist: Non-Oil Revenues To Achieve Significant Growth In 2024
Wednesday 27 November 2024 | Economic Number of readings: 204 Baghdad / NINA / Economic expert Manar Al-Obaidi, a member of the Political Economic Center, announced that the non-oil revenues of the Iraqi state grew during the first nine months of 2024 by 198% to reach the 12.3% barrier of its contribution to the total revenues of the Iraqi state.
Al-Obaidi said in a statement that the total non-oil revenues of the Iraqi state during this period amounted to 14 trillion Iraqi dinars, up from the same period in 2023, which was about 4.7 trillion dinars. Despite the decrease in the value of revenues resulting from taxes on income and wealth by 17%, the increase in commodity taxes by 275% and the increase in the budget's share of public sector profits by 243% contributed to this significant increase.
He explained that for the first time since 2003, non-oil revenues constituted 12% of total revenues and the contribution of oil revenues decreased to reach 88% of total revenues.
He added that the total revenues until September 2024 amounted to 114 trillion Iraqi dinars, an increase of 19% compared to the same period in 2023, which amounted to 95.85 trillion Iraqi dinars.
The improvement in non-oil revenues is due to the reforms made in the tax and customs file, in addition to encouraging profitable public companies to increase their contribution to government revenues. It is expected that non-oil revenues in 2024 will reach the barrier of 18 trillion Iraqi dinars. Despite the increase in this number, it is still far from the planned number in the budget, which amounts to about 28 trillion Iraqi dinars. However, this improvement in these revenues reflects the success of the reforms made in the field of collection and work to increase payment through electronic outlets. / End 9
https://ninanews.com/Website/News/Details?key=1171400
Oil Prices Stabilize Amid Anticipation Of Calm In The Middle East
Time: 2024/11/27 17:52:24 Reading: 546 times {Economic: Al Furat News} Oil prices witnessed stability during trading on Wednesday, as markets assessed the potential impact of the ceasefire agreement between the Zionist entity and the Lebanese Hezbollah.
Markets are also awaiting the OPEC+ meeting next Sunday, in which the producer alliance is expected to decide to postpone the start of the previously agreed production increase.
Price movements
By 1300 GMT, Brent crude futures were up 33 cents, or 0.45 percent, at $73.49 a barrel, while U.S. West Texas Intermediate (WTI) crude futures were up 37 cents, or 0.54 percent, at $69.14.
Both benchmarks settled lower on Tuesday after Israel agreed to a ceasefire with Hezbollah. The ceasefire agreement, brokered by the United States and France, came into effect on Wednesday. LINK
Parliamentary Oil: Amending A Paragraph In The Budget Enhances Oil Exports And Understanding With Kurdistan
Time: 2024/11/27 Reading: 936 times {Economic: Al Furat News} The Parliamentary Oil and Gas Committee confirmed, today, Wednesday, that amending the paragraph on paying the costs of extracting the Kurdistan Region’s oil and handing it over to “SOMO” opens the way for expanding exports and improving coordination between the region and the center.
Member of the Parliamentary Oil and Gas Committee, Kazem Al-Tawki, told Al-Furat News Agency that “Iraq is committed to the OPEC system in determining the quantities of oil production, noting that production sometimes falls below the specified ceiling.”
He added: "The recent agreement with the Kurdistan Region included amending a paragraph in the budget related to paying the financial costs of extracting oil and delivering it to SOMO, which opens the way for expanding exports or directing the region's oil to refineries."
He stressed the importance of this understanding between the region, the center and the Ministry of Oil to achieve better coordination in the management of oil resources. LINK
In Numbers.. Significant Growth In Non-Oil Revenues In Iraq During 2024
Time: 2024/11/27 Read: 1,872 times {Economic: Al Furat News} Iraq's non-oil revenues achieved significant growth during the first nine months of 2024, recording a 198% increase compared to last year, to reach a contribution of 12.3% of the state's total revenues
Economic expert, Manar Al-Obaidi, said in a statement received by {Al-Furat News}, "According to official data, total non-oil revenues during this period amounted to 14 trillion Iraqi dinars, compared to 4.7 trillion dinars during the same period in 2023."
He added: "Despite the 17% decrease in income and wealth tax revenues, commodity taxes increased by 275%, in addition to the increase in public sector profits contributing to the budget by 243%."
He continued: "For the first time since 2003, non-oil revenues constituted 12% of total Iraqi revenues. Total state revenues until September 2024 amounted to about 114 trillion Iraqi dinars, an increase of 19% compared to last year."
Non-oil revenues are expected to reach 18 trillion dinars by the end of the year, a figure that is considered high but less than the budget target of 28 trillion dinars. LINK
What Is Iraq's Connection? Goldman Sachs: OPEC+ Cuts May Support Oil In The Short Term
Energy Economy News - Follow-up Crude oil production in Iraq, Kazakhstan and Russia has fallen in compliance with OPEC+ production cuts, supporting some upside for Brent prices in the near term, according to a recent note from Goldman Sachs.
The investment bank added in its note issued yesterday, Tuesday, that Saudi Arabia is likely to extend oil production cuts due to the recent decline in prices, and that it now believes that oil production cuts will continue until April 2025 instead of January.
Goldman Sachs maintained its forecast for the average price of Brent crude for 2025 at $76 per barrel.
Two OPEC+ sources told Reuters that the group, which includes members of the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, is discussing another delay to the oil production increase that was scheduled to start in January.
At the group's most recent meeting on November 3, OPEC+ agreed to postpone a production increase scheduled for December for a month.
The bank said that "any increase in OPEC+ production will be gradual and data-dependent."
Goldman Sachs added that the high level of compliance with OPEC+ production cuts indicates that the group's member states are working together to stabilize oil prices.
He said that the production of Iraq, Kazakhstan and Russia decreased by 0.5 million barrels per day in November.
OPEC members are unlikely to backtrack on voluntary production cuts in the near term, executives from global commodity trading giants Vitol, Trafigura and Gunvor told the Energy Intelligence Forum in London.
But despite OPEC+ production cuts and delays to boost output, Brent crude futures have mostly remained in a $70-$80 range this year, trading below $74 on Tuesday.
Goldman Sachs last week revised its forecast for Brent prices to an average of $80 per barrel this year, despite a supply deficit and geopolitical uncertainty in 2024, pointing to an expected surplus in 2025.
98 views Added 11/27/2024 - 11:24 AM https://economy-news.net/content.php?id=50280
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Bruce’s Big Call Dinar Intel Tuesday Night 11-26-24
Bruce’s Big Call Dinar Intel Tuesday Night 11-26-24
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It is Tuesday, November 26th and you're listening to the big call. Thanks everybody for tuning in again, wherever you're located around the globe. And for those in the United States, we celebrate our Thanksgiving in two days on the 28th and that is in the States. Now in Canada, you celebrate it in October. And I cannot remember the actual date, in October for our neighbors to the north, they already had their Thanksgiving. But they might. They might just have a turkey sandwich on our Thanksgiving. I hope so. I hope you can. All right, so let's do this. Let's go ahead and pray to call in,
Now, let's go into where we are in terms of our information, in terms of our timing, and in terms of everything that I wanted to bring to you tonight, so Bob did a wonderful job of explaining all that and giving us some ideas.
Bruce’s Big Call Dinar Intel Tuesday Night 11-26-24
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It is Tuesday, November 26th and you're listening to the big call. Thanks everybody for tuning in again, wherever you're located around the globe. And for those in the United States, we celebrate our Thanksgiving in two days on the 28th and that is in the States. Now in Canada, you celebrate it in October. And I cannot remember the actual date, in October for our neighbors to the north, they already had their Thanksgiving. But they might. They might just have a turkey sandwich on our Thanksgiving. I hope so. I hope you can. All right, so let's do this. Let's go ahead and pray to call in,
Now, let's go into where we are in terms of our information, in terms of our timing, and in terms of everything that I wanted to bring to you tonight, so Bob did a wonderful job of explaining all that and giving us some ideas.
I would say this, we had been told for a while that their intention has been for us to have this on or by no before or by Thanksgiving, before or by Thanksgiving, which is the 28th today is the 26th so I have what I believe will be a good intel report to give you guys tonight.
Let’s start first of all with something that you might have seen in the news. There was a cease fire agreement between Israel and Lebanon that will take effect tomorrow morning, local time Israel Lebanon on local time at 10am the morning, tomorrow morning,
There's still fighting going on now, and if, if I'm right, it may continue all the way through the night with shelling and bombing and all of that that's happening between those two. It'll probably take place all the way up until 9:59am tomorrow.
Now I hate to say but that's my gut on it. It may or may not be right, but starting at 10am the cease fire is in effect for 60 days. And President Trump will be back in the saddle, by then, before then, and I think he will convert that into a peace accord in the Middle East very soon, very quickly. He's already doing things now, ahead of his inauguration, to get the country in the best shape we can be in.
Now, I think that that happening tomorrow, Wednesday, 10 am in the Middle Eastern Time, let's call it. I think that could be significant for us. I think that's saying this is when GESARA can quite possibly kick in for the rest of the world. We'll see. Obviously, that's just a sign that we are that close to having that come into play. – GESARA - G, E, S, A R, A - We in this country have NESARA - N, E, S, A R,A - national, okay, National Economic, Strategic and Recovery Act.
So I believe we, when we get this, the RV, the emails, our toll free numbers, we should be getting something about the United States new currency, the USN, the physical money, as USTN, United States Treasury notes, no longer Federal Reserve notes, the Fed is dead, so the remnant of it is absorbed into the new US Treasury as the IRS. That's going to be a different deal.
NESARA changes everything for us, and it will be visible when we are able to come out of our exchanges, and we'll see some of the effects of that.
Now - Here's the information that we had. I told you that several sources told us that we should have this by or before Thanksgiving that President Trump wanted us to have Christmas at Thanksgiving. Okay, so here's where I think we're going.
Some of our sources said that the Iraqi Dinar , as well as some of the other these. I'm sure all the other currencies are to be placed on the Forex tomorrow. Now we've had the fact that they've traded. We have not seen them on our Forex screens, but the theory is that once the dinar is on the Forex tomorrow, we're off to the races. Was how it was. We’re off to the races. We're good to go. We'll get our emails with the toll free number in it, we'll be able to set appointments and quite possibly start tomorrow.
Now I know this is what we're looking for. Now another part of information, another piece we got, relating to those currencies is that we got information. This came from the US Space Force, that Vietnamese Dong was on an exchange, and this was in the Vietnamese language, and then translated to English. And our people said that it was just dollars and it would be between six and eight tomorrow. That's another good sign that the RV is there.
Now, when we're saying that, we're talking about bank rates, not redemption center rates, our rate should be better at the redemption center on every on dinar and Dong and I know they're gonna be a lot better on dinar, especially because we know there's a contract rate on Dinar that will be offered to us that is extremely high.. Okay, not at the bank but at the redemption centers. Just so you know.
Now, the other piece is another source told Us just this evening, like an hour before the big call that their intention is for this to go tomorrow, like I said, the other one said about Wednesday, so that we would have money for Thanksgiving and for Black Friday. So Thursday and Friday, so we would have it
Now, let's say this happens - we get our notifications tomorrow. We call to set our appointments. We start some of us, we start tomorrow, Wednesday. What about Thursday? Thanksgiving Day information we're getting from the redemption centers is that most, but possibly not all, will be open Thanksgiving Day for five hours.
So that's just enough to get so many people in on that day for a short period of time of five hours. Now, obviously, if you don't want to schedule it for Friday, for Thursday, and you can schedule for tomorrow, do it. Schedule it for Friday, do it, etc. But if this does start tomorrow, they are anticipating us going in for us for up to five hours to do our exchanges on Thursday -Thanksgiving Day.
Now let's say that you had that option versus not going in, and you chose to go in, you certainly could move your Thanksgiving dinner and eat it around your exchange, quite possibly. And it could be that the exchange appointments are are in the afternoon, evening. You might miss a football game, you might miss a nap, but it could be an option for you to go then.
Okay, so keep that in mind, if we do get started tomorrow, obviously you're going to call and try to set your appointment to fit your schedule. Okay? And I think that's exciting,
From an Intel point of view. I believe that's what we want to hear. That this is going, that it's going before Thanksgiving, which is tomorrow is the only day before Thanksgiving we would get our exchanges started as early as tomorrow. Don't know what time we're just going to have to kind of keep an eye on it. Watch your emails as they come in, see if you get one from the Wells Fargo, and see if it's it's what we think it is, which will include the toll free number.
Now we will put the toll free number up on our website, big call universe.com, and we'll also send out an email to the people that wanted the toll free number. We'll send it as a group email to anybody who has already registered their email for that purpose on our website. It's all you have to do.
Put your email in and you're on the list. If you've already done it, even 2 – 3 - 4, years ago, it's still there. We have it. You don't have to do it again. If your email has changed, yeah, you'd want to re enter it. You want to put it in, put the new email in, okay, because there could be some people that even Wells Fargo doesn't even, or they don't. They don't have they know.
They know who most they know who most of them holders are. They know most of the currency holders are because they were able to get that information from all the dealers, currency dealers. It was part of what the US Treasury wanted to do. So I think the best thing we can do is just keep an eye on emails.
So that is the intel that we had for today. A lot of our contacts are under NDAs. It's been tough even to get the intel that we got that I gave you tonight. Now it hasn't been easy, but I like it makes sense, if they do want to have this buyer before Thanksgiving, tomorrow- tomorrow's our day.
So let's keep the faith for it. Let's believe for it. Let's continue to pray that to occur before I fall asleep tonight, We will not have a call Thursday night due to Thanksgiving, and hopefully we do receive these emails appointments and can start as early as tomorrow.
Okay, so let's just pray the call out,
Thank you, everybody again for listening. Thank you for this opportunity for the big call in touch with you by email. All right, everybody. Have a wonderful night, a wonderful Thanksgiving day on Thursday, and let's just believe for this to come through as I've been informed, that's what we're hoping for and believing for with positive expectation. That's what hope means, positive expectation in Jesus name. Thanks everybody. Have a wonderful night and a wonderful Thanksgiving.
Bruce’s Big Call Dinar Intel Tuesday Night 11-26-24 REPLAY LINK Intel Begins 1:16:30
Bruce’s Big Call Dinar Intel Thursday Night 11-2124 REPLAYLINK 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
Tavi Costa: Gold Bull for Treasury Secretary
Gold Bull for Treasury Secretary
Liberty and Finance: 11-26-2024
In a recent appearance on Liberty and Finance, investment strategist Tavi Costa delivered insight into the potential implications of Scott Bessent’s appointment as Treasury Secretary under Donald Trump.
While initial reactions from the markets have been mixed, with skepticism surrounding Bessent’s credentials and his bullish stance on gold, Costa argues the negative sentiment may misinterpret the broader macroeconomic shifts that could unfold from this pivotal appointment.
Gold Bull for Treasury Secretary
Liberty and Finance: 11-26-2024
In a recent appearance on Liberty and Finance, investment strategist Tavi Costa delivered insight into the potential implications of Scott Bessent’s appointment as Treasury Secretary under Donald Trump.
While initial reactions from the markets have been mixed, with skepticism surrounding Bessent’s credentials and his bullish stance on gold, Costa argues the negative sentiment may misinterpret the broader macroeconomic shifts that could unfold from this pivotal appointment.
Scott Bessent is no stranger to the financial world, having built a reputation through his previous role as Chief Investment Officer for George Soros. His track record shows a keen understanding of global economic dynamics, which Costa views as a considerable asset during a time of uncertainty.
While the markets reacted cautiously to the news of Bessent’s pick, with some market commentators expressing doubt about his market strategies, Costa believes that this skepticism may overlook the strategic implications Bessent’s policies could have on the gold market and the U.S. economy at large.
Bessent’s recent bullish position on gold positions it as his largest investment, which Costa sees as a significant statement amidst growing economic concerns.
In recent years, gold has often been perceived as a safe haven, particularly in times of financial instability and inflationary pressures. Costa contends that Bessent’s bullish outlook could potentially lead to a reevaluation of gold’s role in both investment portfolios and broader monetary policies.
Investors currently overlooking Bessent’s stance may find themselves unprepared for a substantial shift in market sentiment, especially if Bessent were to implement strategies that might encourage further investment in gold.
Beyond gold, Costa underscores the potential for Bessent’s policies to catalyze a realignment of the global monetary system.
In the backdrop of rising debt levels and unprecedented monetary easing, Bessent’s approach could spell a reassessment of the U.S. dollar’s position as the world’s reserve currency. Costa highlights concerns regarding U.S. dollar devaluation, an eventuality that could arise from continued fiscal and monetary expansion. Bessent’s policy maneuvers, especially if pursued aggressively, could contribute to a significant shift in how the dollar is perceived globally.
Moreover, Costa emphasizes that Bessent’s appointment coincides with a notable shift in the geopolitical landscape. As nations like China and Russia work towards alternatives to the U.S. dollar, Bessent’s leadership could either facilitate the U.S.’s response to these challenges or inadvertently accelerate the decline of dollar supremacy.
His policies may not only affect the U.S. economy but also influence global trade dynamics, prompting countries to reevaluate their currency dependencies.
In conclusion, while the market’s initial skepticism surrounding Scott Bessent’s appointment as Treasury Secretary warrants consideration, Tavi Costa’s analysis presents a compelling case for a more nuanced understanding of its implications.
Bessent’s bullish sentiment toward gold, combined with the potential for a reconfiguration of fiscal and monetary policies, suggests a transformative time ahead.
As stakeholders continue to monitor developments, Costa’s insights remind us that the true impact of Bessent’s stewardship may be far-reaching, extending well beyond the confines of the treasury and into the future of global finance.
“Tidbits From TNT” Wednesday 11-27-2024
TNT:
Tishwash: Iraq is the fourth largest Arab country and the 51st largest in the world in the list of the world's largest economies
Iraq ranked 51st globally and fourth in the Arab world on the list of the world's largest economies for the year 2025, according to a report issued by the American magazine "CEOWORLD".
The magazine stated in its report, which Shafaq News Agency reviewed, that the United States will top the list of global economies in 2025 with a gross domestic product of $30.33 trillion, followed by China with $19.53 trillion, Germany with $4.92 trillion, Japan with $4.39 trillion, and then India with $4.27 trillion.
She explained that these countries will lead the impact on the global economy due to their weight in international trade and wealth.
TNT:
Tishwash: Iraq is the fourth largest Arab country and the 51st largest in the world in the list of the world's largest economies
Iraq ranked 51st globally and fourth in the Arab world on the list of the world's largest economies for the year 2025, according to a report issued by the American magazine "CEOWORLD".
The magazine stated in its report, which Shafaq News Agency reviewed, that the United States will top the list of global economies in 2025 with a gross domestic product of $30.33 trillion, followed by China with $19.53 trillion, Germany with $4.92 trillion, Japan with $4.39 trillion, and then India with $4.27 trillion.
She explained that these countries will lead the impact on the global economy due to their weight in international trade and wealth.
The report added that the top ten will also include countries such as the United Kingdom, France, Italy, Canada, and Brazil, showing a balance between developed and emerging markets.
On the Arab level, the report indicated that Iraq came fourth in the Arab world, with a gross domestic product of $270.87 billion, after Saudi Arabia, the Emirates, and Egypt, while Algeria, Qatar, Morocco, and Kuwait came after it.
At the end of the world ranking, Tuvalu came in last place (196) with a GDP of $79 million, preceded by Nauru with $179 million.'link
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Tishwash: Al-Sudani Meets the Ambassador of Kuwait to Iraq
Media Office of the Prime Minister said in a statement obtained by the Iraqi News Agency INA that Prime Minister Mohammed S. Al-Sudani met today, Wednesday, the Ambassador of the State of Kuwait to Iraq, Mr. Tariq Abdullah Al-Faraj, on the occasion of the conclusion of his tenure.
The statement read "The Prime Minister expressed his appreciation for the ambassador’s efforts during his time in Iraq, emphasizing the importance of bilateral relations between the two countries. He reiterated the government’s commitment to strengthening cooperation in economic, investment, and other developmental sectors."
It further said "The meeting also underscored the need for joint committees to continue their work and discussions on various issues and files requiring ongoing dialogue and mutual understanding to safeguard the interests of both brotherly nations and promote partnership and solidarity." link
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Tishwash: Al-Sudani leaves Baghdad heading to Spain on an official visit
Prime Minister Mohammed Shia Al-Sudani left the capital, Baghdad, today, Wednesday, heading to Spain on an official visit .
The Prime Minister's media office stated in a brief statement received by "Mil" that "Prime Minister Mohammed Shia al-Sudani left the capital, Baghdad, today, heading to Spain on an official visit." link
************
Iraq signs contract with Italian consulting firm on first phase of development road
The Ministry of Transport announced today, Wednesday, the signing of a consulting contract with BTP Company, to provide consulting services regarding the first phase of the Development Road Project (regarding the current railways).
A statement by the Ministry's media office stated that the consulting services contract for the first phase of the development road project was signed between the Iraqi General Railways Company and the Italian company BTP.
The statement added that the first phase of the project includes preparing a technical and economic feasibility study and design work to rehabilitate, modernize and develop the current national railway network.
The statement indicated that this vital project is funded by the investment plan for 2024 and according to the directives of the Council of Ministers, to be a strategic line ready for the safe transport of incoming cargo via railway lines, from the Grand Faw Port, which the ministry intends to operate in its first phase during the coming year.
It is noteworthy that Prime Minister Mohammed Shia Al-Sudani recently chaired a meeting with a delegation from the consulting company for the Development Road Project, to discuss the economic model for the project, in the presence of the Minister of Transport, Mr. Razzaq Muhaibis Al-Saadawi.
During the past two days, the excavation and connection works of the immersed tunnel manufacturing basin with the Khor Al Zubair Canal were completed, in preparation for floating the ten concrete pieces that make up the tunnel in the navigation canal.
The completion of the road linking Faw Port to Safwan City via the immersed tunnel will soon begin, then it will enter through two bridges, as the completion rate of the first bridge has reached 98%, and the second 96%. While the completion rate of the quay structures for the container terminal has reached 100%, and the road linking Faw and Umm Qasr ports 92.43%, with increasing completion rates in the immersed tunnel, and the completion rate in the first phase of marine excavation and backfilling works has reached 79.33%. As for the navigation channel of the Grand Faw Port, the completion rate has reached 77.41%, and the completion rate in the port components is 81%, and in the container yard 88% link
Mot: . Ya Ready -- Heres how to cook a turkey
Mot: ""Earl"" Always Aiming to Please he is!
“Coffee With MarkZ” Wednesday Morning Chat 11-27-2024
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Gooood morning Mark, mods and fellow Patriots!
Member: Happy Thanksgiving eve!!! 4 day weekend. Nice for a RV?
Member: Notifications or 800#’s today???
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Gooood morning Mark, mods and fellow Patriots!
Member: Happy Thanksgiving eve!!! 4 day weekend. Nice for a RV?
Member: Notifications or 800#’s today???
MZ: I’m not expecting them today….but very soon. None of my sources say it’s happening today….but some folks think the next 3 days are highly possible.
Member: Bruce said something about it going today
MZ: We do have some key people that are no longer in place until Friday. A number of folks on the bond side from the US that had been in Zurich, Hong Kong or Asia are home for the holidays. They should fly back to their places on Friday so I am not expecting a plethora of news before Friday. If need be- a number of people in the Rena area are close and can get back quickly.
Member: Could you please explain the 800 #s for the new people?
Member: Redeeming banks/redemption centers will send a notification to the dinar sites and some gurus to publish …Call the 800 number posted…..give them your zip code and they set up an exchange appointment for you in your area……Thats what I was told.
Member: Do you have a guesstimate of rates for us newbies?
MZ: On the dong we have seen anything from .39 cents to $3.90 recently….i am hearing now that it could be closer to the $3.50-$3.90 range. I am hearing low $4’s on the dinar but they have seen $6-$8…and some of my sources think the law rate is off. Indonesia we are still hearing $1.47.I do not have any idea what the Pengo or bolivar will be. Still hearing on the Zim between $30 million to $50 million per 100T note
Member: The talk about these supposed rates doesn't mean a Damn thing if they continue to not flip the switch
Member: Got a lot of intel in my inbox forwarded to me last night wow!!! I think Things are getting very exciting!!!!
Member: Sudani’s out of his country so no RV until he returns. IMO
MZ: “ The upcoming session will witness a vote on all controversial laws” one f the most controversial laws is the HCL and the profit sharing agreement . It is a key peace for a revaluation.
MZ: “ For the first time since 2003. Non-Oil revenues achieve significant growth in 2024” This gives Iraq stability and helps allow them to raise the value of their currency.
Member: Amazon warehouse workers are going on strike this Black Friday-possibly
Member: Mark...think it would be epic for EAS and disclosure during Thanksgiving dinner to vindicate all the tin foil hat peeps
MZ: There are a lot of people staying home this Thanksgiving. One rumor I did hear on fines and penalties…that there was a good chance they could go this weekend because of the number of people that will be home and in place. It makes sense.
Member: Why is there so much miss information out there? Why can’t people tell the truth?
MZ: A lot of the misinformation is purposeful….so people don’t know the timing
Member: Safe travels to those heading out this Thanksgiving and remember we all have something to be thankful for.
Member: We were CHOSEN to be here at this time...Have faith...Our day is coming...We will create our new beautiful earth together...Remember Unconditional Love & Peace
Member: Hope everyone has a great day today!
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 Wednesday AM 11-27-24
Will Iraq Take The Adventure Of Joining BRICS Despite American Risks?
November 27, 2024 Baghdad/Al-Masala: At a time when the US dollar has become more than just a currency, but has become an economic weapon and part of the political hegemony system, voices calling for finding new financial alternatives are increasing.
These calls are gaining momentum in light of the sanctions imposed by the United States on countries that stand against its policies, such as Russia and China.
Will Iraq Take The Adventure Of Joining BRICS Despite American Risks?
November 27, 2024 Baghdad/Al-Masala: At a time when the US dollar has become more than just a currency, but has become an economic weapon and part of the political hegemony system, voices calling for finding new financial alternatives are increasing.
These calls are gaining momentum in light of the sanctions imposed by the United States on countries that stand against its policies, such as Russia and China.
According to an economic analysis published by a specialized website, this intensive use of the dollar as a pressure tool has prompted the Eastern bloc to intensify its efforts to develop a new global currency that could reshape the economic map.
On the ground, this movement began under the leadership of the BRICS group, which includes Russia, China, India, Brazil, and South Africa.
“The BRICS single currency is not a dream, it is a realistic response to US financial hegemony,” reads a tweet posted by economic accounts. “Cooperation between these countries goes beyond economics to become a strategic political step,” it added. This cooperation comes at a time when relations between the group’s countries are developing rapidly, with China and Russia working together to create a financial force that could weaken the influence of the dollar.
On the other hand, Iraq finds itself in a complicated situation. Although the country has not officially requested to join BRICS, even considering such a move could be fraught with risk.
Informed sources confirmed that Iraq is not prepared to bear an American strike, especially in light of its complex economic relations with the United States.
A tweet by an Iraqi citizen named “Noor Al-Azzawi” expressed this concern by saying: “We are stuck between a rock and a hard place. America will not tolerate any step that might weaken its influence here.”
The statements of the Russian Ambassador to Iraq, Elbrus Kotrashev, came to open a window of hope for Baghdad, as he said: “BRICS is not an alliance against anyone, it is an open group that welcomes everyone.” He stressed that the group does not have hostile intentions, but rather aims to achieve a global economic balance.
As BRICS countries formulate their plans, significant technical challenges arise in unifying payment and currency settlement systems among member states.
An economic analyst named Ahmed Al-Harthi wrote in a Facebook post: “The success of the BRICS currency depends on two main factors: the first is the ability to build a common financial system, and the second is ensuring global acceptance of the new currency.” He considered that the step is not easy, but it is necessary.
The coming years are likely to witness pivotal moves. According to recent reports, China and Russia are closely coordinating with Iran and North Korea to build a financial alliance of countries that see the current financial system as serving Washington’s interests at the expense of the rest of the world. These efforts could be met with greater political pressure and economic sanctions from the United States, making the economic conflict even more complex. https://almasalah.com/archives/106598
The National Union Explains The Reasons For Not Legislating The Oil And Gas Law
Information/Baghdad... Member of the Patriotic Union of Kurdistan, Ghiath Al-Surji, explained the reasons for not legislating the oil and gas law, noting that there is no longer a need to legislate such a law, especially after the issuance of judicial decisions regarding the oil and exports file.
Al-Surji told Al-Maalouma, "The region was waiting for the enactment of the oil and gas law to resolve all the problems related to this wealth between Baghdad and Erbil, but today the situation is different after the issuance of a judicial decision by the Paris Court to stop the export of oil from Kurdistan to Türkiye."
He added, "The international judicial decision, in addition to the Federal Court decision, stipulated that the oil would be owned by everyone, meaning that the authority over this wealth would be in the hands of the federal government in Baghdad."
He explained that "the judicial decision two years ago obliged the region not to export oil to Turkey and made the authority over it under the supervision of Baghdad, so the issue of oil and gas and the legislation of the law related to it will be unnecessary, especially since the judicial decision made the oil revenues under the authority and supervision of Baghdad." LINK
Parliamentary Finance: Amending The Budget Law Will Allow For Changing Useless Paragraphs And Item
Information / Baghdad.. The Parliamentary Finance Committee confirmed, on Wednesday, that any change to the paragraphs of the federal budget will allow for the change of paragraphs and items that have been proven to be ineffective.
Committee member MP Hussein Mounes said in a statement to Al-Maalouma Agency, "Submitting the first reading of the draft law amending the federal budget that was approved for three years (23, 24 and 25) will allow for changing paragraphs and items that have proven to be ineffective."
He added, "The amendment needs a deeper study because that will push us to change the schedules, and thus we will be faced with an increase in the deficit on the one hand and a decrease on the other."
It is noteworthy that the agenda of the House of Representatives included a paragraph discussing the first reading of the draft first amendment to the federal budget for fiscal years 23, 24 and 25, submitted by the Parliamentary Finance Committee. LINK
What Is Iraq's Connection? Goldman Sachs: OPEC+ Cuts May Support Oil In The Short Term
Energy Economy News - Follow-up [rtl]Crude oil production in Iraq, Kazakhstan and Russia has fallen in compliance with OPEC+ production cuts, supporting some upside for Brent prices in the near term, according to a recent note from Goldman Sachs.
The investment bank added in its note issued yesterday, Tuesday, that Saudi Arabia is likely to extend oil production cuts due to the recent decline in prices, and that it now believes that oil production cuts will continue until April 2025 instead of January.
Goldman Sachs maintained its forecast for the average price of Brent crude for 2025 at $76 per barrel.
Two OPEC+ sources told Reuters that the group, which includes members of the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, is discussing another delay to the oil production increase that was scheduled to start in January.
At the group's most recent meeting on November 3, OPEC+ agreed to postpone a production increase scheduled for December for a month.
he bank said that "any increase in OPEC+ production will be gradual and data-dependent."
Goldman Sachs added that the high level of compliance with OPEC+ production cuts indicates that the group's member states are working together to stabilize oil prices.
He said that the production of Iraq, Kazakhstan and Russia decreased by 0.5 million barrels per day in November.
OPEC members are unlikely to backtrack on voluntary production cuts in the near term, executives from global commodity trading giants Vitol, Trafigura and Gunvor told the Energy Intelligence Forum in London.
But despite OPEC+ production cuts and delays to boost output, Brent crude futures have mostly remained in a $70-$80 range this year, trading below $74 on Tuesday.
]Goldman Sachs last week revised its forecast for Brent prices to an average of $80 per barrel this year, despite a supply deficit and geopolitical uncertainty in 2024, pointing to an expected surplus in 2025. https://economy-news.net/content.php?id=50280
Iraqi Oil Falls Again On Third Day Of Trading
Economy |Today Baghdad Today - Follow-up Iraqi oil prices fell on Wednesday (November 27, 2024), after two days of rising during the third trading day of weekly transactions in global markets .
According to data reviewed by Baghdad Today, Basra Heavy crude recorded $68.5 per barrel, while the average recorded $71.20 per barrel, with a change rate of -1.33 for both January 2025 delivery .
The data also showed a significant decline in global crude prices, with British Brent crude recording $72.91, while US West Texas Intermediate crude recorded $68.84 per barrel, with a change rate of -0.10 and -0.07, respectively . LINK
Economist: Non-Oil Revenues To Achieve Significant Growth In 2024
Wednesday 27 November 2024 | Economic Number of readings: 141 Baghdad / NINA / Economic expert Manar Al-Obaidi, a member of the Political Economic Center, announced that the non-oil revenues of the Iraqi state grew during the first nine months of 2024 by 198% to reach the 12.3% barrier of its contribution to the total revenues of the Iraqi state.
Al-Obaidi said in a statement that the total non-oil revenues of the Iraqi state during this period amounted to 14 trillion Iraqi dinars, up from the same period in 2023, which was about 4.7 trillion dinars.
Despite the decrease in the value of revenues resulting from taxes on income and wealth by 17%, the increase in commodity taxes by 275% and the increase in the budget's share of public sector profits by 243% contributed to this significant increase.
He explained that for the first time since 2003, non-oil revenues constituted 12% of total revenues and the contribution of oil revenues decreased to reach 88% of total revenues.
He added that the total revenues until September 2024 amounted to 114 trillion Iraqi dinars, an increase of 19% compared to the same period in 2023, which amounted to 95.85 trillion Iraqi dinars.
The improvement in non-oil revenues is due to the reforms made in the tax and customs file, in addition to encouraging profitable public companies to increase their contribution to government revenues. It is expected that non-oil revenues in 2024 will reach the barrier of 18 trillion Iraqi dinars. Despite the increase in this number,
it is still far from the planned number in the budget, which amounts to about 28 trillion Iraqi dinars. However, this improvement in these revenues reflects the success of the reforms made in the field of collection and work to increase payment through electronic outlets. / End 9 https://ninanews.com/Website/News/Details?key=1171400
Seeds of Wisdom RV and Economic Updates Wednesday Morning 11-27-24
Good Morning Dinar Recaps,
TRUMP EYES HANDING CFTC OVERSIGHT OF CRYPTO: REPORT
Donald Trump's team is considering handing the regulation of crypto exchanges and spot markets for cryptocurrencies deemed commodities to the CFTC.
Donald Trump’s incoming administration reportedly wants the US Commodity Futures Trading Commission to oversee the crypto industry — a move that could drastically roll back some of the regulatory power from the Securities and Exchange Commission.
Good Morning Dinar Recaps,
TRUMP EYES HANDING CFTC OVERSIGHT OF CRYPTO: REPORT
Donald Trump's team is considering handing the regulation of crypto exchanges and spot markets for cryptocurrencies deemed commodities to the CFTC.
Donald Trump’s incoming administration reportedly wants the US Commodity Futures Trading Commission to oversee the crypto industry — a move that could drastically roll back some of the regulatory power from the Securities and Exchange Commission.
The role could see the CFTC take on the regulation of spot markets for digital assets deemed commodities and crypto exchanges, Fox Business reported on Nov. 26, citing sources familiar with the matter.
United States President-elect Trump’s team says the SEC’s enforcement actions against industry players have slowed crypto innovation in the US and that a less stringent approach is needed to facilitate growth, Fox reported.
If the CFTC is handed regulatory control of crypto, it would be a big win for the industry, which has long signaled the agency would be its preferred regulator as it’s perceived to be fairer and has a lighter touch.
“With adequate funding and under the right leadership, I think the CFTC could hit the ground running to begin regulating digital commodities on day one of Donald Trump’s presidency,” former CFTC chair Chris Giancarlo told Fox.
Giancarlo tried to convince the Senate Agriculture Committee — which oversees the CFTC — to support the CFTC’s oversight of the spot crypto market by noting that the regulator had called Bitcoin a commodity in 2015.
The CFTC approved Bitcoin options under Giancarlo’s leadership in December 2017.
Current CFTC Chair Rostin Behnam, who shares mostly moderate views on crypto, asked the Senate Agriculture Committee for extra funding to regulate crypto markets more effectively.
The CFTC’s $706 million operating budget to police fraud and market manipulation is more than four times smaller than the SEC’s $3 billion for the 2024 financial year.
The commodities regulator employs only about 700 staff compared to the SEC’s 5,300.
Around 50% of the CFTC’s enforcement actions have been brought against crypto businesses in 2024 — which Behnam has called a “staggering statistic” for an agency that isn’t mandated to regulate the industry.
Some of this enforcement action has come against crypto companies that are not even US-based.
Meanwhile, the SEC’s leadership is set to change, with Chair Gary Gensler confirming last week that he will resign on Jan. 20, 2025, when Trump is inaugurated.
SEC Commissioner Jaime Lizárraga will also step down from his position on Jan. 17, motivated by a desire to spend more time with his wife, who is reportedly battling cancer.
@ Newshounds News™
Source: CoinTelegraph
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🇲🇦 MOROCCO’S CENTRAL BANK DRAFTS CRYPTO LAW
The Bank Al Maghrib has drafted a law to regulate crypto assets, currently under review for adoption. Governor Jouahri also revealed that the bank is studying the potential of a central bank digital currency (CBDC) to meet financial policy goals.
@ Newshounds News™
Source: Crypto Insider
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BRAZIL CONGRESSMAN PROPOSES CREATING A NATIONAL BITCOIN RESERVE
A congressman from Brazil has officially proposed a bill to establish a strategic Bitcoin reserve in the country: the Bitcoin Sovereign Strategic Reserve. The Reserva Estratégica Soberana de Bitcoins (RESBit) aims to diversify the country’s Treasury. According to Portal do Bitcoin, a Brazilian media platform, Congressman Eros Biondini filed the proposal on Monday.
“The creation of RESBit is a strategic measure that positions Brazil as a leader in the new digital economy, reducing economic risks and expanding opportunities for technological and financial development,” wrote Biondini in the justification for the bill. “The approval of this project is essential to guarantee the country’s economic sovereignty and align Brazil with global innovation trends.”
As presented, the bill stipulates planned and gradual acquisitions of Bitcoin, up to 5% of Brazil’s national reserves. Biondini’s proposal would also make the Central Bank of Brazil responsible for the acquisition and management of the RESBit.
Brazil’s cryptocurrency market now stands as the 10th largest in the world, according to Chainanalysis data. Brazil has seen a rise in crypto exports over the last two months, likely contributing to the pitch of a new Bitcoin reserve.
The king cryptocurrency by market cap has surged to new all-time highs over the last month following the US election. Additionally, the country has seen an influx of stablecoin usage within the country. The US dollar-pegged digital asset accounted for almost 70% of all crypto-related transactions.
Multiple countries and governments around the world have turned the tide on crypto regulation. Nations are opting to involve the growing industry in everyday finance. Brazil as a BRICS member has been forward in involving crypto within the bloc, especially Bitcoin and Ripple (XRP).
Central banks and corporate interest in Bitcoin and blockchain technology continue to rise worldwide. While there is some opposition, as seen in Europe as an example, it is clear that most are in favor of establishing crypto reserves. The US is even seeking a similar program under incoming president Donald Trump.
@ Newshounds News™
Source: Watcher Guru
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INSIDE THE HIDDEN POWERS OF US SHERIFFS | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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Thank you Dinar Recaps
News, Rumors and Opinions Wednesday AM 11-27-2024
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 Wed. 27 Nov. 2024
Compiled Wed. 27 Nov. 2024 12:01 am EST by Judy Byington
Especially with the worldwide EBS Alert and ten days of communication darkness on it’s way in the very near future, it’s only wise to have at least a month’s supply of food, water, cash, medicine and essential items on hand for yourself, your family and to share with others.
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 Wed. 27 Nov. 2024
Compiled Wed. 27 Nov. 2024 12:01 am EST by Judy Byington
Especially with the worldwide EBS Alert and ten days of communication darkness on it’s way in the very near future, it’s only wise to have at least a month’s supply of food, water, cash, medicine and essential items on hand for yourself, your family and to share with others.
Global Currency Reset:
Tues. 26 Nov. 2024 Wolverine: “In regard to Med Beds they said they would come out within 48 hours. The 48 hours started yesterday Mon. 25 Nov. We are going to have a beautiful, beautiful Christmas, guys.”
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Tues. 26 Nov. 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#
Several sources said before Thanksgiving with our exchanges starting tomorrow Wed. 27 Nov. 2024.
Some sources said the Iraqi Dinar and all the other currencies are to be placed on the Forex tomorrow Wed. 27 Nov.
Space Force: Tomorrow Wed. 27 Nov. between 6-8 am the VND would be on a bank exchange rate translated to English of just under $4. The Tier4b rate should be extremely higher.
This evening another source said that the intention is for this to go Wed. 27 Nov. 2024.
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Restored Republic:
Military leaders emphasize that the EBS will be a turning point and paving the way for humanity’s liberation. -> U.S. Military Leaks
THE VATICAN VAULTS: WHAT THEY HID FROM US: A major new revelation involves the recent raid on the Vatican’s hidden archives. Newly leaked details confirm that operatives recovered centuries-old documents revealing the global elites’ coordinated efforts to suppress human potential. Among the findings were maps of hidden energy grids, evidence of suppressed free-energy devices, and texts describing how the Vatican helped orchestrate mass control through fear.
Additionally, gold and treasure stolen during centuries of conquest have been seized and are now being transported to secure locations. This wealth, estimated to exceed $500 trillion, will reportedly be redistributed to the people through the Quantum Financial System.
Read full post here: https://dinarchronicles.com/2024/11/27/restored-republic-via-a-gcr-update-as-of-november-27-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
PompeyPeter A lot of people "called it". A lot of people got egg on their faces. Everybody get's it wrong from time to time and everybody has to take their turn. There are gurus out there with egos the size of a planet...who just can't hold their hands out and say, 'Oops, I got it wrong'...There was a slim chance, a slim chance, it could have gone but that chance depended on B320 which has to do with the bond auction... [Post 1 of 2]
PompeyPeter These are not the normal auctions these are the bond investment auctions which they were given 14 days to get onboard with...They would conclude the 26th...The purpose of those bonds was largely to give back IMO to the people...to invest, get their chunky dinars out, get some more of them off the streets and they could invest in their country. What it would mean is they get a nice interest rate when they matured in a very short time and it also meant they get the big lovely bonus of extra purchasing power when the RV occurred. They are due to complete [today 11/26/2024] [Post 2 of 2]
The Fiat System is COLLAPSING: Will GOLD Or Bitcoin Replace it? | John Rubino
Capitalcosm: 11-26-2024
Get Ready for $4,000 GOLD - It All Leads To It! | Lawrence Lepard
Soar Financially: 11-26-2024
In this episode of Soar Financial, we welcome back Lawrence Lepard, managing partner at Equity Management Associates, to discuss the future of gold and Bitcoin.
Get ready for $4,000 GOLD & $200,000 BITCOIN as Larry shares his bold predictions and insights on market dynamics, the impact of U.S. elections on sound money, and the policies of a new U.S. Treasury Secretary.
We also dive into the competition between gold and Bitcoin, explore the U.S. dollar's role as a reserve currency, and analyze investment strategies for uncertain times.
If you're curious about the future of sound money and how to navigate these markets, this episode is packed with valuable insights.