Robert Kiyosaki: 6 Ways To Survive a Market Crash

Robert Kiyosaki: 6 Ways To Survive a Market Crash

G. Brian Davis November 29, 2024  GOBankingRates

In 2024, “Rich Dad, Poor Dad” author Robert Kiyosaki posted on X that he sees a market crash looming on the horizon. “Good news: Crashes are the best time to get rich. Bargains will float to the surface.”

He went on to outline six tips for not just surviving a market crash, but coming out ahead when the dust settles.

Don’t Buy on the Downward Crash

Kiyosaki reiterated a common expression in the investment industry: Don’t try to catch a falling knife. “Just because prices are falling, do not get greedy. Wait until prices have bottomed and no one wants the asset you want.”

Of course, it’s not easy to tell when the market has reached the bottom. But one way to spot it is looking for a sudden upward trend in transaction volume, after a period of relatively stable volume through the crash. Buyers start coming out of the woodwork, while sellers have declined.

You can also look at the stock market volatility index VIX. The index spikes during market crashes, but when it reaches its peak and starts coming down again, it can indicate that a market has reached its bottom.

Study Investing (and Investments)

“YouTube is a great source for real and fake teachers,” Kiyosaki wrote. “Invest time to get into the head of the teacher.”

Learn the fundamentals of your investing strategy of choice. If you want to pick individual stocks, learn fundamental analysis. If you want to invest passively in real estate syndications, learn how to analyze them for risk.

Once you learn the basics of investing in your chosen strategy, you can then turn your focus to studying specific investments or deals. That could mean specific stocks, ETFs, rental properties, passive real estate investments, precious metals, cryptocurrencies or any other type of asset.

Of course, the internet is flooded with bad advice, too, which means your first order of business must be to identify great sources for education.

Choose Great Teachers

Kiyosaki offered a few starting points for people he likes learning from for specific assets: “My real real estate teacher is Ken McElroy. Taxes: Tom Wheelwright. Stocks: John MacGregor. Oil:  Mike Maucelli.”

Plenty of great educators exist in the space — and so do many charlatans.

“Be very careful who influences your brain, your attitude and your spirit,” Kiyosaki wrote.

Surround Yourself With Successful People

TO READ MORE:  https://www.yahoo.com/finance/news/robert-kiyosaki-6-ways-survive-220025218.html

Judy Shelton’s Proposal for a Gold-Convertible Treasury Bond or Gold Standard

Judy Shelton’s Proposal for a Gold-Convertible Treasury Bond or Gold Standard

Nov. 29, 2024

Reviving the Gold Standard: Judy Shelton’s Proposal for a Gold-Convertible Treasury Bond

25 November 2024

Gold prices are significantly down on Monday morning. As the U.S. enters a shortened trading week due to the Thanksgiving holiday, the general market sentiment appears more optimistic, which is unfavorable for precious metals typically seen as safe-haven assets.

This improved risk appetite can be partially attributed to President-elect Trump’s selection of hedge fund manager Scott Bessent for the position of Treasury Secretary.

 The appointment of a financial industry insider to this key economic role has seemingly boosted investor confidence in the incoming administration’s economic policies. The price of gold is trading at $2642.39, down $73.80. The price of silver is trading at $30.39, down 95 cents.

Judy Shelton, a long-time advocate for sound money, has proposed an innovative approach to reintroduce a gold standard for the US dollar.

Her plan involves issuing a 50-year Treasury bond that would be convertible into gold, potentially to be initiated by President Trump on July 4, 2026. This proposal aims to address the current monetary system’s shortcomings and restore stability to the dollar by tying it back to a tangible asset.

The concept of a gold-convertible Treasury bond serves multiple purposes. Firstly, it provides a mechanism for discovering the appropriate price for gold convertibility without the need to abolish the Federal Reserve or make drastic changes to the current monetary system. Secondly, it would effectively utilize the United States’ substantial gold reserves, which are currently undervalued on government ledgers.

By offering gold redeemability, the government could potentially issue extremely long-dated debt at lower interest rates, as the risk of future dollar devaluation would be mitigated. This approach aligns with Shelton’s view that currency should be a standardized measure for public use rather than a policy instrument for managing the economy.

Source: USA Gold

https://dinarchronicles.com/2024/11/29/judy-sheltons-proposal-for-a-gold-convertible-treasury-bond-or-gold-standard/

Weekend News With MarkZ 11-30-2024

Weekend News With MarkZ

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

MZ: The last day of the month and we start with Matt and Lucas for the first 45 minutes, then dive into the news of the day

MZ: A number of my sources that are involved with groups and historic bonds are now back in place and prepared (according to them) for a very eventful two weeks. They expect to be very busy over the next two weeks. This probably means things are starting soon.  I have to agree with them.

Member; those poor bond folks……let’s hope it’s true this time!!!

MZ: This is coming from group leaders and bond facilitators……

MZ: Iraq is preparing to vote on a number of very “Key” laws…tomorrow at 1 pm their time….. New budget tables going to parliament on Sunday or Monday so they can settle the HCL. Things are looking good.

MZ: “Parliament is likely to pass Personal Status Law during Sunday’s Session” This is one of the controversial laws they need to finish up. This along with the HCL are some of the last changes they wanted for their economic reforms or “White Papers” . In those reforms are Raising the value of the dinar !

Member: So basically before the 10th is looking good

MZ: “ Nearly 3 billion dinars recovered from the “Theft of the Century” in Diyala. “ and “In 5 days Central Bank of Iraq sales  are one billion dollars.” They sold one billion in USD and bought Iraqi dinars. These are big stories. They have been very clear they are ending these auction this calendar year….2024.

MZ: “Warning against canceling the electronic platform –It may end the banking system in Iraq” A number of contacts have said that the only way this doesn’t hurt the banking system is IF THEY HAVE A HIGHER VALUE FOR THE DINAR!  That would fix their problems.

MZ: “Dollar falls against dong” the Vietnamese dong is rising. Many currencies are rising against the dollar in the last few days…including the Indonisian Rupiah and the Venezuelan bolivar. .

Member: Lynette Zang said last week that the US fiat dollar is only worth about .3 cents now.

Member: Mark- are you seeing $3.90 as a rate for the dong?

MZ: We have seen as high as $3.90…and as low as .39 cents. We don’t know for certain what the rate is going to be. These are from banking contacts who told me what they are seeing fluctuating on bank screens

​​Member: if I could exchange at .39 on dong right now would awesome

Member: I heard $4.22 Dinar, $2.57 Dong, and $.83 Bolivar. Not my numbers and not verified. Just what I heard.

Member: Hope its true

Member: To keep my sanity I expect a lower rate and be pleasantly ecstatic if higher.

Member: is Iraq now international?

MZ: They are just waiting for the last few restrictions to be removed- this will happen at the same time the value of the dinar is increased.

Member: Mark, I’ve been in this since 2012 and I’ve never seen so much coming out positively confirming this RV being a reality. They just keep turning up the heat the closer that we get to 2025.

Member: I wanted to tell yal my debits, including over 80 thousand (interest was compounded daily on original 15 grand) my credit check showed 0 on past debts!) NESARA?

Member: It has been a wild and crazy ride~ It's an exciting time to be alive!

Member: Have a wonderful afternoon and weekend everyone……

Member: Thank you Mark and Mods... have a great weekend, friends. Much love and positive vibes sent to you all. We are all ready as ready can be.

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

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

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

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

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

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

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

Iraq Economic News and Points to Ponder Saturday Morning 11-30-24

Gold Heads For Biggest Monthly Drop In Over A Year

Economy  | 04:45 - 11/29/2024  Mawazine News – Baghdad  Gold prices rose on Friday, supported by a weaker dollar and geopolitical tensions, but were set to post their biggest monthly decline since September 2023 due to the US currency’s rise this month following Donald Trump’s victory in the US presidential election.

Spot gold was up 0.7% at $2,659.49 per ounce by 1201 GMT, but was on track for a weekly decline of about 2% after heavy selling earlier in the week.

US gold futures were up 0.85% at $2,659.20.

Gold prices have fallen 3% so far in November, their worst monthly performance since September 2023, amid expectations that the Trump administration’s potential for higher tariffs will keep interest rates higher for longer.

The dollar index fell to its lowest since November 12, but was still on track to post a 2% gain for the month.

Gold has been on a strong rise this year and is falling sharply this month due to heavy profit-taking after Trump’s election win and a stronger dollar following his victory, said Jigar Trivedi, senior analyst at Reliance Securities, according to Reuters.

“Middle East concerns have eased a bit due to the ceasefire talks, but otherwise concerns about Russia and Ukraine are still dominating the market,” said Ajay Kedia, director of Kedia Commodities in Mumbai.https://www.mawazin.net/Details.aspx?jimare=257010

Oil Prices Rise, Exceed $73

economy |  11/29/2024  Mawazine News – Baghdad  Oil prices rose to more than $73 on Friday evening.  The price of a barrel of Brent crude reached $73.11 per barrel, while yesterday it recorded an increase that reached $72.78.

The price of a barrel of American crude reached $69.40 per barrel, while it had closed yesterday at $68.72.  https://www.mawazin.net/Details.aspx?jimare=257024

Iraq Prepares For An Electronic Revolution In Electronic Payment As 2025 Approaches

Economy  |  11/29/2024  Mawazine News – Baghdad  The head of the electronic payment team in Iraq, Nabil Al-Najjar, confirmed today, Friday, that Iraq will witness a major transformation in the field of electronic payment next year.

Al-Najjar explained in a statement to the official agency, followed by "Mawazine News", that "the number of electronic payment cards in Iraq has exceeded the barrier of 18 million cards, which means that a third of the population uses this method." He added that "there is a government trend that supports electronic payment through a series of decisions that will contribute to this major transformation in the Iraqi economy."

Al-Najjar pointed out that "Iraq is heading towards huge digital campaigns in line with the economic decisions adopted by the government of Prime Minister Mohammed Shia Al-Sudani, and it is expected that the year 2025 will witness a qualitative shift in electronic transactions." https://www.mawazin.net/Details.aspx?jimare=256999

Electronic Payment.. 18 Million Cards Used In Iraq

Local  Economy News – Baghdad  Head of the electronic payment team in Iraq, Nabil Al-Najjar, confirmed today, Friday, that Iraq will witness a major electronic transformation next year.

Al-Najjar said, "The number of cards for electronic payment users has exceeded the 18 million mark, which means that a third of the Iraqi people use electronic payment cards," noting that "there is a government trend in favor of electronic payment through some decisions, and this indicates a major shift in the Iraqi economy."

He added, "The Iraqi market is heading towards major digital campaigns in accordance with the economic decisions issued by the government of Prime Minister Mohammed Shia al-Sudani, and it is expected that the year 2025 will witness a major shift in dealing with electronic payment." 152 views  Added 11/29/2024 - 1:40 PM https://economy-news.net/content.php?id=50373

The President Of The Republic And The First Deputy Speaker Of Parliament Affirm Their Support For The Government Program Tracks

Political | 08:30 - 11/29/2024   Mawazine News – Baghdad   President of the Republic Abdul Latif Jamal Rashid and First Deputy Speaker of Parliament Mohsen Al-Mandalawi affirmed their support for the government program tracks to serve citizens.

A statement issued by the Presidency of the Republic received by "Mawazine News" said that "the President of the Republic received the First Deputy Speaker of Parliament, and the meeting reviewed the situation on the local scene, and ways of coordination between the legislative and executive authorities, to enhance the legislative and oversight role of the House of Representatives, and support the tracks of the government program to serve the citizen and meet his aspirations."

The meeting also discussed regional developments according to the statement, and the need to take the necessary measures to enhance the state of security and stability witnessed by Iraq was emphasized. https://www.mawazin.net/Details.aspx?jimare=257029

Al-Sudani: We Carried Out Comprehensive Reforms That Attracted Foreign Investments

Political |  11/29/2024  Mawazine News – Baghdad   Prime Minister Mohammed Shia al-Sudani stressed that comprehensive reforms were a reason for attracting foreign investments to Iraq.

A statement from his office received by "Mawazine News" stated that "Prime Minister Mohammed Shia al-Sudani received in the capital Madrid, today, Friday, a group of members of the Iraqi community in Spain."

Al-Sudani confirmed in his speech to the community members that "the visit included a high-level delegation, and Iraq and Spain have put the basic steps together to move towards a comprehensive strategic partnership in various fields, and the foreign ministries of the two countries have been directed to jointly prepare for this relationship."

He explained that "Iraq moved based on the strategic partnership agreement with the European Union, and the partnership with France, Germany, and Italy," indicating that "Spain has priority, based on the close political positions and the noble position on the Palestinian issue, the distinguished historical relationship, and its role in the international coalition against ISIS."

The Prime Minister pointed out that "the solid Spanish companies known for their experience are invited to contribute to the general development witnessed by Iraq, the reconstruction movement and the construction of infrastructure. The relationship has developed since the visit of the Spanish Prime Minister Pedro Sanchez to Iraq last year."

He stressed that "the government has worked to build trust and work to provide services, and that its responsibility is to serve all Iraqis with all their spectrums and diversity.

According to the figures, all sectors have witnessed important achievements that have put the country on the right path, and in every region of the country there is a service or development project."

Regarding financial, economic and banking reform, Al-Sudani explained that "the government has begun to develop the private sector and reform the banking system according to international compliance standards. Electronic sales numbers have increased, as part of a package of reforms in the field of tax and customs laws and company registration to facilitate the work of the local and foreign private sector,"

indicating that "the comprehensive reforms were a reason for attracting foreign investments that were initiated, and exceeded 62 billion dollars in two years, in the oil and gas, housing, industry, agriculture and hotels sectors, and indicators of international organizations and institutions indicate an increase in the growth rate during this period."   https://www.mawazin.net/Details.aspx?jimare=257028

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 11-30-24

Good Morning Dinar Recaps,

XRP NEWS: RIPPLE’S RLUSD STABLECOIN SET TO LAUNCH IN 4 DAYS – WHAT YOU SHOULD KNOW

Ripple's stablecoin, RLUSD, is set to launch soon, pending NYDFS approval.

RLUSD aims to stabilize Ripple's offerings and capture a larger share of the cross-border payment market.

Positive regulatory shifts and market optimism are driving XRP's price surge.

Ripple always seems to be in the spotlight, doesn’t it?

The company behind XRP is preparing to launch its highly anticipated stablecoin, RLUSD, with approval from the New York Department of Financial Services (NYDFS) expected on December 4.

Why is RLUSD so important and how will it change the game for Ripple AND crypto payments? Let’s find out.

RLUSD: Ripple’s Answer to Legal Problems?

The launch of RLUSD is more than just a product release—it’s Ripple’s strategy to address the ongoing legal uncertainty around XRP. Unlike XRP, which is known for its price swings, RLUSD will offer the stability that investors and institutions seek.

Ripple’s acquisition of Standard Custody & Trust Company earlier this year was a crucial step. It enabled Ripple to meet NYDFS’s strict regulatory standards, setting the stage for RLUSD’s launch and enhancing its credibility in the stablecoin space.

Can Ripple Compete With the Others?

With RLUSD, Ripple is entering a market dominated by heavyweights like Circle’s USDC and Paxos’ USDP. By partnering with platforms such as MoonPay and Uphold, Ripple aims to make RLUSD available globally.

The stablecoin’s primary use case?

Transforming cross-border payments. RLUSD could make these transactions faster and more cost-effective, further boosting the adoption of Ripple’s RippleNet, which already competes with traditional systems like SWIFT.

XRP Price Analysis

XRP has been trading within a tight range of $0.39 to $0.75 since March 2023. However, recent developments—such as the upcoming U.S. election and Ripple’s push for regulatory clarity—have renewed investor optimism.

The anticipated launch of RLUSD is seen as a catalyst that could push XRP beyond its current limits. Some market analysts predict XRP could climb above $2 by year-end, driven by increased confidence in Ripple’s ecosystem.

What’s Boosting Ripple Today?

Ripple’s position is further strengthened by global regulatory changes. The MiCA framework in Europe and a pro-crypto stance from the Trump administration in the U.S. are creating a more supportive environment for compliant blockchain projects like Ripple.

If the NYDFS grants approval as expected, RLUSD could launch on December 4. This would add stability to Ripple’s offerings, enhancing its appeal in the fast-growing stablecoin market.

The stablecoin race is heating up, and Ripple’s RLUSD could be the wildcard that changes the game. Stay tuned to Coinpedia to know just how far it will go.

FAQs
Why is XRP going up?
Optimism around regulatory clarity and Ripple’s stablecoin news is fueling the price surge.

How high can XRP go?
While predictions vary, some experts believe XRP could cross $2 by year end.

What is stablecoin?
A stablecoin is a cryptocurrency pegged to a stable asset like the U.S. dollar, reducing volatility.

Is XRP a good investment?
XRP has huge potential, but market volatility and regulatory factors should be considered.

@ Newshounds News™

Source: CoinPedia 

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[Image 1: Screenshot of the official Bitcoin reserve bill document presented to Brazil’s Chamber of Deputies, outlining key provisions and objectives]

BRAZIL’S BITCOIN RESERVE BILL: HOW IT COULD CHANGE CRYPTO FOREVER

Brazil Bitcoin takes a bold step forward.

Congressman Eros Biondini has proposed a BTC reserve bill to make Bitcoin part of the national treasury. His plan, called the ‘Bitcoin Sovereign Strategic Reserve (RESBit)’, wants to put 5% of Brazil’s reserves into Bitcoin. This marks a major change in how countries handle cryptocurrency.

Understanding Brazil’s BTC Reserve Bill and Its Impact on Crypto Regulations

Key Components of RESBit

Brazil’s Central Bank will keep the Bitcoin in cold storage. They plan to buy it step by step. The BTC reserve bill aims to spread out financial risks and make Brazil a tech leader. Such Brazil Bitcoin initiatives could show other countries how to use cryptocurrency in their banking systems.

Global Implications and Market Response

More countries want to use cryptocurrency now. Argentina, Morocco, and Romania are interested, too. US President-elect Donald Trump supports creating a Bitcoin reserve, making the BTC reserve bill more important worldwide.

Implementation and Security Measures

RESBit has strong rules for keeping Bitcoin safe. The Central Bank will use new technology to watch over and protect the funds. This helps make sure national digital money stays secure. Brazil’s innovative Bitcoin security measures could set a global standard.

Economic Strategy and Innovation

The plan helps the economy now and builds for the future. Brazil Bitcoin’s move with RESBit creates a blueprint that other countries might follow. This could change how the world handles money.

Future Outlook

Biondini’s plan could make cryptocurrency more common. If it passes, Brazil Bitcoin legislation would make it one of the first big countries to keep Bitcoin as a national reserve. This might encourage other nations to do the same.

@ Newshounds News™

Source:  Watcher Guru   

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RENO'S RV SECRETS REVEALED!  |  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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Q & A Classroom Link  

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Thank you Dinar Recaps

News, Rumors and Opinions Saturday AM 11-30-2024

Ariel :  When Iraq Releases their New Exchange Rate Nothing will ever be the Same

When Iraq releases their new exchange rate you all are going to literally be crossing over. Nothing will never be the same afterwards.

“The Storm” will be the end result of a long process that will initiate “The New Republic” on a public official level.

And we are potentially days away if what is coming out if Iraq remains on schedule.

https://dinarchronicles.com/2024/11/29/ariel-prolotario1-when-iraq-releases-their-new-exchange-rate-nothing-will-ever-be-the-same/

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 Sat. 30 Nov. 2024

Compiled Sat. 30 Nov. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Thurs. 28 Nov. 2024 Wolverine: “I’m under an NDA so can’t say much, but we are going to have a wonderful Christmas. Check your emails at hourly.”

Thurs. 28 Nov. 2024 TNT Call: The IMF and UN had a meeting last Thurs where the currencies that were green lighted to go were the Iraqi Dinar, Zim, Venezuela Bolivar, Dong and Zimbabwe Zim. They were told it’s imminent.

Fri. 29 Nov. 2024: Masters of GCR/RV: An In-Depth Exploration of Tiered Redemption, QFS, and the Influence of the Zimbabwe Dollar, Iraqi Dinar, Vietnamese Dong, Tier 4B, Tier 5, and the NESARA GESARA Act – amg-news.com – American Media Group

Fri. 29 Nov. 2024: Breaking! Starlink and Trump’s Military Operation Unleash the Tier 4 B Internet Group: NESARA Wealth Redistribution, $100K Payouts, and the American Monetary Fund Revolution Begin Now! – Gazetteller

Fri. 29 Nov. 2024 Edward Griffin succinctly explains what the Federal Reserve System actually is: …Son of JFK on Telegram;

“It’s a cartel. It’s not a government agency, it has the appearance of it being a government agency. They went to great lengths to give it that façade In it’s essence, It’s a cartel… They got together. They drew up the rules and regulations for their own industry.

To self regulate their own industry. It’s what cartels do. And then they sent it to congress and they took off the label off the top that said ‘banking cartel’ and they erased that and they said ‘Federal Reserve Act.’ Congress passed it into law. And that’s why we think it’s a government agency it’s because if you don’t obey the rules that they set down for their own industry you go to prison.”

Read full post here:  https://dinarchronicles.com/2024/11/30/restored-republic-via-a-gcr-update-as-of-november-30-2024/

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

Frank26  If any bank broke your heart, if any bank made you feel like a complete imbecile, if any bank is giving you a hard time, if any bank here in America says to you, 'You can sign up but we're not going to take care of you until 6 months from now,' you're going to have options...

Militia Man  Article quote: "Foreign transfers for trade purposes are proceeding smoothly after the implementation of the new system they have in place...The central bank will launch a new mechanism for travel or treatment transfers next year...there are agreements with four companies to launch a new mechanism..."  They are going to have things changing through the future.  Doesn't mean we're waiting until next year, just means they're going to have changes and because of maybe a major change, they're going to have a need for it even more...

The Big Banks About To TANK The Market | Todd "Bubba" Horwitz

Liberty and Finance:  11-29-2024

Todd "Bubba" Horwitz discusses the current state of the stock market, expressing concerns about potential topping patterns and an impending economic crash. ------

INTERVIEW TIMELINE:

0:00 Intro

1:20 Stock market topping

4:31 Banking system

6:00 Treasury Secretary pick

 7:40 Not business as usual

9:20 Gold and silver outlook

 12:30 Stock market outlook

15:37 Can Trump turn the ship around?

17:47 Dollar & the BRICS

https://www.youtube.com/watch?v=yUnGo-YPi0c

“Tidbits From TNT” Saturday Morning 11-30-2024

TNT:

Tishwash:  Minister of Commerce sets date for opening shopping malls

Minister of Commerce, Athir Dawood Al-Ghariri, announced on Thursday the opening date of hypermarkets at the beginning of next year, while indicating that the prices of goods and food items will be competitive and 20 to 30 percent lower than the market.

Al-Ghariri said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "there will be major measures during the next two months to create real competition, as the shopping complexes have revived the central markets previously through (hypermarkets) by selling food and all goods at competitive cooperative prices that are 20 to 30 percent lower than the market."

 He said, "The shopping malls will be opened on 1/1 of next year, as we will enter a new year of great achievements."

Al-Ghariri added, "The citizen can go to the existing shopping malls, as they are cheaper than the market at the official price," noting that "the supervisory and security agencies will hold accountable violators and weak-willed people who manipulate the prices of goods and food items."  link

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Tishwash:  Prime Minister: Iraq is ready to cooperate with major companies to develop its military and security system

Prime Minister Mohammed Shia Al-Sudani confirmed today, Friday, that Iraq is ready to cooperate with major companies to develop its military and security system.

The Prime Minister's Media Office said in a statement received by the Iraqi News Agency (INA): "Prime Minister Mohammed Shia al-Sudani received at his residence in the capital Madrid today, representatives of three major Spanish companies specialized in the military and security field, namely (rheilmetall expal), (Indra) and (Airbus), each separately."

Al-Sudani stressed that "Iraq is today ready to cooperate with major companies to develop its military and security system, stressing the existence of many opportunities for joint work between companies and the Military Industrialization Authority."

The Prime Minister stressed Iraq's need to diversify sources of armament, which the government has worked on as part of a comprehensive plan to raise the efficiency and readiness of the security forces, and enhance the country's ability to face internal and external challenges.   link

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Tishwash:  After the decision to cancel the platform.. Will we witness a crazy rise in dollar prices in Iraq?
In a move that has attracted the attention of economic and financial circles, the Governor of the Central Bank, Ali Al-Alaq, announced the bank’s intention to cancel the electronic platform for financial transfers early next year.

This decision comes as part of a series of reforms aimed at facilitating financial procedures and stimulating the economy, but at the same time it raises questions about its potential impact on the stability of the dinar exchange rate.IraqibeforeDollarAmerican.

The concept of the electronic platform and its role in currency stability

The electronic money transfer platform is a mechanism adopted to ensure the regulation of foreign money transfers and to limit manipulation of exchange rates.

The platform documents commercial transactions and money transfers by banks and financial companies, ensuring more effective control over hard currency flows in and out of the country.

This platform has greatly contributed to narrowing the gap between the exchange rate.OfficialAnd priceThe marketBlack, where it prevented many money laundering and smuggling operations.

However, with the decision to cancel this platform, questions are raised about how it will be regulated.The marketAnd transfer management.

The impact of deplatforming on the priceDollar

1. Increased demand forDollarinThe marketBlack, with the absence of an electronic platform, the demand for it may increase.DollarinThe marketBlack money is the result of the absence of control mechanisms, which leads to higher exchange rates outside official channels.

2. Weak confidence in the dinar, as cancelling the platform may weaken confidence in the Iraqi dinar, especially if effective alternatives are not put in place to ensure stability.The marketLack of confidence means that citizens and investors are likely to withdraw their money in dinars and transfer it toDollarAs a safe haven.

3. The impact of smuggling and money laundering, as cancelling the platform could cancel strict control over smuggling operations.DollarSmuggling and money laundering practices may expand, increasing demand forDollarSignificantly and affects the central bank's reserves.

4. AccreditationThe marketOn supply and demand, with the platform being cancelled, the currency market may become more affected by direct supply and demand. This may lead to extreme fluctuations in the exchange rate, especially in unstable economic and political conditions.

Chances of facing a riseDollar

1. Activating alternative control tools

The government and the central bank can rely on other supervisory tools such as strengthening the role of local banks and imposing strict restrictions on foreign transfers.

2. Increase reserves ofDollar

The Central Bank may resort to pumping more dollars intoThe marketTo meet demand and maintain price stability.

3. Promoting local investments

By encouraging investment and reducing dependence on foreign currencies, pressure onDollarAnd strengthen the dinar.

4. Cooperation with international organizations

The government may cooperate with international institutions such as the International Monetary Fund and the World Bank to develop economic plans that contribute to stability.The market.

The decision to cancel the electronic platform for money transfers represents a major challenge to the Iraqi economy, and may have direct effects on the exchange rate.DollarIn front of the dinar. To achieve economic stability in the next phase, it will be necessary to take proactive measures to compensate for the absence of the platform and ensure the continuity of supervision overThe marketFinancial.

The balance between facilitating economic procedures and protecting the national currency will be the decisive factor in determining the success of this decision and its effects on citizens and investors.

The Governor of the Central Bank, Ali Al-Alaq, confirmed in a statement to the official agency, which was followed by:Sumerian“Next year, we will launch a new approach to expand and enhance citizens’ remittances for various purposes, such as travel, treatment, or any legitimate remittances abroad, just as we did for commercial remittances,” he said, noting that “there are also agreements currently in place with relevant companies such as Visa, Mastercard, MoneyGram, Western Union, to establish a new framework for implementing these operations, which will constitute another shift in controlling these operations.”

Al-Alaq added, "Next year or the beginning of next year 2025 will witness the completion of the current procedures, and we seek to provide reassurance, especially with some people's questions about the fate of transfers after the completion of the electronic platform at the end of this year 2024."

“There is no sudden transition, but rather a gradual transition that began in 2024, where the banks’ relationship was transferred directly to correspondent banks without passing through other links, and the process has been completed with continued success,” he continued, stressing that “more than 95% of this goal has been achieved, and this process will be completed successfully within the next two weeks,” noting that “there is international anticipation to celebrate this occasion.”  link

Mot: . What a Talent - He Has!!!

Mot: ooooooooh!! ooooooooh!! ooooooooh!! 

Friday Night “Humor While We Wait” Posted by Mot at TNT

TNT:

Mot: ...... Two old men are sitting on a bench in the park.

Two old men are sitting on a bench in the park.

A young, attractive girl runs by in a sports bra and shorts. One of the men smiles, and the girl comes over, asking, “Why are you grinning at me, you creep?”

The old man replies kindly, “I’m not smiling at you, I’m smiling because no matter how tough life gets, seeing pretty young girls in summer always makes an old man feel better.”

The girl, touched, kisses him on the cheek and jogs away.

The old man then turns to his friend and says, “3-0, your turn.

Mot: .............. until she finally broke the quiet.

Tim finally tied the knot with his longtime girlfriend, and after the honeymoon, he was back in his comfort zone—organizing his precious golf clubs in the living room. His new wife watched him in silence, arms crossed, until she finally broke the quiet.

“Tim, I’ve been thinking… now that we’re married, maybe it’s time you gave up golfing. You spend so much time on the course, you could probably sell those clubs for a nice bit of cash.”

Tim froze, clutching his driver like a lifeline, eyes wide.

“Darling, what’s wrong?” she asked, concerned.

“For a second there, you sounded just like my ex-wife.”

Her jaw dropped. “Ex-wife?!” she exclaimed, “I didn’t know you were married before!”

Tim grinned. “I wasn’t.”

Mot: . Crafty She is!!! 

Mot: Just Sharing !!! 

Mot: Diary of a Blonde

Seeds of Wisdom RV and Economic Updates Friday Afternoon 11-29-24

Good Afternoon Dinar Recaps,

BRICS NEWS:  BRICS DETERMINED TO TRADE IN LOCAL CURRENCIES, NOT US DOLLAR

The BRICS alliance is determined to trade in local currencies and not the US dollar for cross-border transactions. The US dollar is seen as an adversary that hinders their growth in the global financial sector. Local currencies are seen as an alternative option that can bring the hegemony of the USD down.

BRICS: Local Currencies First & Not the US Dollar

Similar to the phrase ‘America First‘, the BRICS bloc is now emerging to make ‘local currencies first’. The bloc is pulling every trick up its sleeve to sideline the US dollar for cross-border payments. From oil deals to copper trade and infrastructural loans, the alliance is aiming to push local currencies for settlements.

Many other developing countries are keen on joining the bandwagon and could soon jump on the de-dollarization train. Several nations in Africa are on the sidelines and could seek the help of BRICS to put their local currencies to use.

The move will strengthen their native economies and make businesses thrive. It will also provide a way for their local currencies to make a mark in the currency markets.

@ Newshounds News™

Source:  Watcher Guru

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BRICS NEWS: 2 COUNTRIES OFFICIALLY ABANDON THE US DOLLAR FOR TRADE

BRICS members Russia and Iran announced that they have officially abandoned the US dollar for trade between the two nations. Russia reported that 96% of all cross-border transactions between Iran have been settled in local currencies, the ruble and rial. In 2024, the usage of local currencies between Russia and Iran is up by 12.4%, making 96% of all settlements.

“We (BRICS members Iran and Russia) have entered into a currency agreement with Russia and fully removed the US dollar. Now we only trade in rubles and rials,” said the Governor of the Central Bank of the Islamic Republic, Mohammad Reza Farzin. However, both nations face sanctions as the White House has made it difficult to accept the US dollar.

In July this year, both the BRICS countries agreed to a currency swap policy signed by the Russian and Iranian central banks. They also completed the integration of Russia’s Mir payment as a replacement for the SWIFT messaging system and the US dollar. Russia also allowed Iranian citizens to withdraw the rial in ATMs across the country.

BRICS: Russia & Iran Sidelines the US Dollar, Trades in Local Currencies

While the US pressed sanctions on BRICS member Russia to weaken its economy, the Kremlin is bypassing the sanctions by convincing other countries to ditch the US dollar and begin using local currencies. The de-dollarization initiative is growing and many developing countries are now eager to join the bandwagon.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

TAIWAN ENFORCES AML REGISTRATION MANDATE FOR CRYPTO PROVIDERS

Taiwan accelerates its crypto AML mandate, imposing stricter registration rules and penalties for noncompliance.

Taiwan advanced the introduction of its new Anti-Money Laundering (AML) regulations for cryptocurrency businesses after authorities fined two crypto exchanges for violations.

On Nov. 27, the Financial Supervisory Commission (FSC) announced that the upcoming money laundering prevention registration mandate for crypto exchanges was shifted to Nov. 30 from the previous Jan. 1, 2025 deadline.

Per the previous notice, virtual asset service providers (VASPs) failing to register with the government could be subject to a two-year prison sentence or fines of as much as 5 million New Taiwan dollars ($155,900).

The new mandate includes previously registered crypto businesses

According to Taiwan FSC records, 26 crypto providers are currently approved to continue to offer their services. All crypto entities, whether previously registered or not, must register in accordance with the new AML mandate. The authority said:

“No business operators have completed the Money Laundering Prevention Registration under the VASP Registration Measures.”

The authority provided a checklist of items crypto exchanges can use to track suspicious transactions or activities. When identifying suspicious customers, crypto service providers must look for names and bank account details, location via IP addresses, multiple trading accounts and frequent information changes, among other things.

Crypto exchanges in Taiwan were also asked to track unusual transaction activities, including but not limited to splitting funds, utilizing multiple accounts with the same IP address and switching assets.

Cracking down on crypto exchanges violating AML laws
According to a Regulation Asia report, the FSC fined crypto exchanges MaiCoin and BitoPro on Nov. 28 for AML violations in relation to customer due diligence (CDD), transaction monitoring, record-keeping and suspicious transaction reporting.

To register with Taiwan’s AML regulation, crypto service providers are required to submit a one-page form detailing the nature of their businesses.

The form states that any changes to the business or the information provided should be provided to the Securities Over-the-counter (OTC) Trading Center within five business days.

Crypto businesses will also be required to establish a quality management system for accounting and auditing their finances.

@ Newshounds News™

Source:  CoinTelegraph   

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RETAILERS PUSH FOR A DELAY IN ROLLOUT OF RUSSIA’S CBDC

In October the Bank of Russia revealed a time frame for the roll out of the digital ruble, which forms part of a Bill that has been submitted to the State Duma. The mass rollout date is 1 July 2025. By that time the largest banks and retailers must support the central bank digital currency (CBDC). Now the Ministry of Industry and Trade has asked for a longer timescale of up to two years, similar to that provided to smaller retailers, the Izvestia newspaper reported.

The 1 July deadline applies to retailers with a turnover of more than 30 million rubles ($274,000). Those with incomes between 20 to 30 million rubles have one extra year, and smaller firms have two years.

The Ministry complained that there are still no rules for the operation and functioning of the digital ruble, so it doesn’t allow sufficient time for retailers to prepare and for adapting their point of sale software.

Trade bodies agree. “We believe it is necessary to refrain from legislatively establishing specific deadlines for launching systems at the trade level and to provide for a transition period of at least two years, during which companies will carry out the necessary work,” a letter from the Retail Companies Association (ACORT) states.

Another industry body, the Association of Internet Trade Companies (AITC), has similar views. It said, “The absence of such important provisions does not give businesses the opportunity to assess the costs of implementation time, the necessary human resources, expenses for the company, and also to understand to what extent companies are ready to implement such payments.”

The main benefit of a CBDC for retail outlets is reduced acquiring fees, so retailers will pay less for processing payments.

What’s the rush?
Stepping back, one of the big motivators for a CBDC is for cross border payments in order to circumvent sanctions. If a CBDC isn’t rolled out domestically, then a cross border CBDC would need direct integration with the domestic payment system.

With the cross border payment platform mBridge, the only member that currently has a domestic CBDC is China, and even that is in pilot mode. Hence, it’s not completely clear why there’s such a rush in Russia. Especially given the central bank has a few other issues to deal with given the war with Ukraine.

On the other hand, Russia is known for its software prowess, and is trying to lead the BRICS Bridge cross border payment project. Hence, having an operational domestic CBDC gives it more credibility.

@ Newshounds News™

Source:  Ledger Insights

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THE UGLY TRUTH ABOUT AMERICAN COURT LAW NO ONE TELLS YOU  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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Thank you Dinar Recaps

How To Create a ‘Splurge’ Fund To Avoid Debt and Regret

How To Create a ‘Splurge’ Fund To Avoid Debt and Regret

Brooke Barley   Thu, November 28, 2024  GOBankingRates

Many people think a budget means there is no room for fun purchases, but that’s not the case. There are ways to spend money on enjoyable experiences without going overboard.

Here’s how to budget the smart way while still making sure to leave room for splurges, according to financial experts.

Track Spending

The first step to creating a “splurge” fund is to know exactly where your money is going.

Julie Guntrip, the head of financial wellness at Jenius Bank, suggested setting up a budget with three different priorities: needs, wants — aka the splurge fund — and savings. Once these are tracked for a month, Guntrip explained, patterns will emerge and will help dictate how much there is to spend on wants.

“This practice could provide an opportunity to spot patterns in discretionary spending and rethink them. This information could motivate you to adjust your behavior and be more intentional in your discretionary purchases so that you skip the meaningless extras and focus your resources on the things that bring you the most joy,” she said. Financial wellness is about balance — being able to indulge in the moment and still work toward growing your wealth and securing your future.”

Define Needs and Wants

In order to track what’s absolutely necessary and what’s discretionary, Guntrip suggested labeling each expenditure.

TO READ MORE:  https://www.yahoo.com/finance/news/create-splurge-fund-avoid-debt-220009697.html

News, Rumors and Opinions Friday Afternoon 11-29-2024

Gold Telegraph: The World is Catching up

Nov. 28, 2024

The Czech Republic’s central bank aims to double its gold reserves to 100 metric tons within three years.

He says: “We need to reduce volatility; we need an asset with zero correlation to stocks, and that asset is gold.”

Gold is the foundation of the monetary system.

What do the 1930s and today represent in the United States? The net worth of the top 0.1% of the population is roughly equal to that of the bottom 90% combined. So, what happened in the 1930s?

Those dismissing the record pace of insider stock dumping overlook clear historical patterns. Meanwhile, central banks face massive unrealized losses, limiting their ability to print endlessly in the next major crisis. Now is the time for outside-the-box thinking.

To all the American readers and viewers, I would not be able to do what I love without you all.

Happy Thanksgiving. I hope it’s golden.

Buy now, pay later is surging in the United States. I warned about it years ago. Now, many people cling to it just to survive. This will end in tears. How this program is even allowed still baffles me.

BREAKING NEWS: AN EX-CHANCELLOR IN THE UK IS WARNING THAT A PLAN BY BRICS COUNTRIES TO CREATE A SEPARATE BANKING PAYMENTS SYSTEM COULD RENDER INTERNATIONAL SANCTIONS USELESS.

The world is catching up.

“Lord Lamont of Lerwick warned that a rival payments system would be a major threat to the Western-led financial system if it ever came to pass…”

Source: https://www.irishnews.com/news/uk/new-brics-banking-system-would-render-sanctions-useless-ex-chancellor-warns-GCMF6U5ZY5KRJHFU3SJHB4IT54/

Testifying before Congress as Fed chairman in 2015, Janet Yellen tersely informed the House Financial Services Committee “I don’t believe that the Fed should chain itself to any mechanical rule.” Unchained from rules—now that’s tyranny. – @judyshel

https://www.wsj.com/opinion/trump-is-right-to-put-the-screws-on-the-fed-interest-rates-inflation-4709d07a

In my conversation with @judyshel, she shared a powerful story involving Janet Yellen, the current U.S. Treasury Secretary:

In a July 1996 Federal Reserve meeting, Janet Yellen argued for a 2% inflation target, citing a Keynesian perspective tied to “money illusion.”

She explained that giving workers a nominal 1% raise during 2% inflation effectively cuts real wages without them noticing. This perspective was met with laughter around the table. However, the laughter was clearly at the expense of regular Americans, whose purchasing power would be eroded.

https://dinarchronicles.com/2024/11/28/gold-telegraph-the-world-is-catching-up/

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

Militia Man  What is expected from Iraq is a real effective exchange rate.  I think that is what's coming.  I think everybody has that expectation and they're openly telling them that expectation is real.  They're doing it through media.  That's happening.  TV outlets have been describing the on goings in Iraq and also the neighboring countries and the trading partners.  To me the expectations are amazing.

Militia Man  They're talking about "financial risks".  They weren't talking in that way when they were moving forward into an international world with the 1310.  They're talking about preparedness for a change...They're focusing in on their banking sector.  Article quote "These days there's growing interest in the banking sector in general both government and private sectors..."  The banking sector is looking to be in good shape for this new stage.  That's what they're presenting...

***********

Reviving the Gold Standard: Judy Shelton’s Proposal for a Gold-Convertible Treasury Bond

25 November 2024

Gold prices are significantly down on Monday morning. As the U.S. enters a shortened trading week due to the Thanksgiving holiday, the general market sentiment appears more optimistic, which is unfavorable for precious metals typically seen as safe-haven assets.

This improved risk appetite can be partially attributed to President-elect Trump’s selection of hedge fund manager Scott Bessent for the position of Treasury Secretary. The appointment of a financial industry insider to this key economic role has seemingly boosted investor confidence in the incoming administration’s economic policies. The price of gold is trading at $2642.39, down $73.80. The price of silver is trading at $30.39, down 95 cents.

Judy Shelton, a long-time advocate for sound money, has proposed an innovative approach to reintroduce a gold standard for the US dollar. Her plan involves issuing a 50-year Treasury bond that would be convertible into gold, potentially to be initiated by President Trump on July 4, 2026. This proposal aims to address the current monetary system’s shortcomings and restore stability to the dollar by tying it back to a tangible asset.

The concept of a gold-convertible Treasury bond serves multiple purposes. Firstly, it provides a mechanism for discovering the appropriate price for gold convertibility without the need to abolish the Federal Reserve or make drastic changes to the current monetary system.

Secondly, it would effectively utilize the United States’ substantial gold reserves, which are currently undervalued on government ledgers. By offering gold redeemability, the government could potentially issue extremely long-dated debt at lower interest rates, as the risk of future dollar devaluation would be mitigated. This approach aligns with Shelton’s view that currency should be a standardized measure for public use rather than a policy instrument for managing the economy.

Read Full article here:  https://www.usagold.com/reviving-the-gold-standard-judy-sheltons-proposal-for-a-gold-convertible-treasury-bond/

Stock Market Highs, Consumer Lows: Adam Taggart on America’s Economic Divide

Kitco News : 11-29-2024

With U.S. debt surpassing $36 trillion and a debt-to-GDP ratio at 120%, Adam Taggart, host of Thoughtful Money, breaks down the alarming implications for the economy and investors.

 In this in-depth conversation, Taggart examines the growing divide between Wall Street and Main Street, inflation’s impact on purchasing power, and the challenges of navigating an overvalued market driven by narrative and exuberance.

Taggart also delves into the Federal Reserve’s unusual rate-cut strategy amidst record debt, Trump’s pro-growth policies, and what it will take to transition to a stronger economy.

From the rise of gold and Bitcoin to the debate over fiat currency, sound money, and central bank digital currencies, this is a must-watch for anyone seeking clarity in a confusing economic landscape. Don’t miss it!

00:00 Introduction

 02:04 Consumer Behavior and Economic Indicators

 03:51 Market Sentiment and Investment Trends

05:26 Bitcoin and the FOMO Effect

 07:37 Stock Market Valuations and Investor Expectations

 11:30 The Divide Between Wall Street and Main Street

14:11 Trump's Economic Policies and Future Outlook

18:51 Federal Reserve and Interest Rate Predictions

 21:35 Conclusion

https://www.youtube.com/watch?v=Rpg3U9qlIWo