News, Rumors and Opinions Friday AM 12-6-2024

Ariel (@Prolotario1): Iraq and XRP, Exciting Times for us all

Dec. 5, 2024

2025 Budget
Oil & Gas
International Market
New Exchange Rate
Purchasing Power
Victory Day

Today THURSDAY session finishing what the PM ordered “ finishing the budget amendment “ pic.twitter.com/y4jLnize0A

— Majeed KSA (@majeed66224499) December 5, 2024

Home Plate Ladies & Gentlemen

“the few days remaining of the legislative term of parliament can be ratified the budget law – Article 12 – amended by the government and submitted to parliament,"

Already submitted to parliament to finish it today as what PM ordered them to do… pic.twitter.com/QMmeIo1aCH

— Majeed KSA (@majeed66224499) December 5, 2024

Breaking News…

Do you all know how epic this is?

This is akin to the parting of the Red Sea. Just as Moses stretched out his hand, and the waters of the Red Sea divided, allowing the Israelites to pass on dry ground, Ripple has now stretched forth its digital hand, creating a trustline of such magnitude that it shall lead the way for digital currency in a manner unprecedented.

Imagine, if you will, the walls of water held back by divine will, and now see this trustline as those walls, holding back the chaos of financial instability, providing a path of liquidity through which the future of transactions might safely traverse.

This act by Ripple could be seen as a modern-day covenant, a promise of prosperity and security in the blockchain realm, much like the covenant made with Noah after the flood, marking the end of one era and the beginning of another.

In this new era, 10,000 trillion RLUSD stands as a testament, a beacon of financial innovation, where the old ways of currency are washed away, and in its stead, a new foundation is laid for economic interactions worldwide. As the Israelites looked upon the Promised Land, so too might we look upon this financial landscape with hope and anticipation for what is to come.

10,000 TRILLION RLUSD TRUSTLINE CREATED BY RIPPLE JUST NOW
https://t.co/Le27ztWQ7I pic.twitter.com/FODtb9JT27

— SIRTRADESALOT (@COOLBREEZE_____) December 5, 2024

Iraq/Ripple/XRP (Important Read) Exciting Times For Us All

You all have to understand how monumental this is right now. Iraq has already moved towards a digital economy, including the adoption of Ripple’s blockchain-based application, RippleNet, for international money transfers. This trustline could enhance trust and liquidity in the global financial ecosystem.

If Ripple’s RLUSD is used as a bridge for transactions, it might provide a more stable and efficient pathway for countries like Iraq to engage in international trade, potentially easing the transition of the IQD onto the Forex market.

Iraq adopting Ripple’s technology engaging with RippleNet, this basically streamlines cross-border payments, reducing costs and time. Improved transaction efficiency might encourage quicker integration of the IQD into global forex markets.

We are on the cusp of a new dawn for this entire planet. And you just witnessed a major breakthrough today. Can you imagine how financially abundant life will be for you very soon? I’m sure the CBI is watching this right now.

𝙁𝙧𝙤𝙢 𝙏𝙝𝙚 𝙁𝙖𝙧𝙢𝙚𝙧𝙨 𝘽𝙪𝙘𝙠𝙚𝙩 𝙊𝙛 𝙒𝙖𝙩𝙚𝙧 𝙏𝙤 𝙏𝙝𝙚 𝙃𝙤𝙧𝙨𝙚𝙨 𝙈𝙤𝙪𝙩𝙝:

Do you all know how easy it is for the CBI governor of Iraq to come out and make an official statement that the Iraqi Dinar will not gain any significant value for American investors and have this entire train come to a screeching halt? All anticipation and aspirations can be erased in 2 minutes or less.

Do you know how significant this one question is for people who are calling this a scam? People have no clue that the CBI has direct contrast over the Iraqi Dinar that you buy for foreign currency exchange portals online that you are waiting to come our at 1:1 or higher.

The Central Bank of Iraq (CBI) has direct control over the Iraqi dinar through its monetary policies, currency issuance, and exchange rate management. The CBI is the sole authority that issues Iraqi dinar, ensuring all dinar in circulation originates from its reserves or authorized channels.

The CBI sets the official exchange rate of the dinar, which heavily influences its value on international markets and currency exchanges. Any revaluation or devaluation is entirely controlled by the CBI. The CBI conducts daily dollar auctions to stabilize the dinar and manage liquidity.

This process indirectly affects the supply and demand of dinar on global currency exchange platforms thar you purchase your Dinar from based on the links that you see posted in my comment section from my followers. The CBI monitors and regulates foreign entities dealing with the dinar, including international currency exchange platforms.

This is to prevent unauthorized transactions or market manipulation. This is really that simple people. Your hopes of gaining any significant (ROI) can be settled with one written or verbal statement directly from the source responsible for the supply & demand of this currency. Have you seen anything of the sort since buying?

What A Time To Be Alive

Do you see the future?
Do you see the life you want to live?
Do you see the abundance that will be available?

Because if you don’t today’s news should be a base point where your ideas for a better life actually has a sound mission statement that you can objectively carry out now that you will have the financial means to achieve it.

JUST IN: President-elect Trump says his new crypto Czar David Sacks will "work on legal framework so the crypto industry has the clarity it has been asking for."

— Watcher.Guru (@WatcherGuru) December 6, 2024

https://dinarchronicles.com/2024/12/05/ariel-prolotario1-iraq-and-xrp-exciting-times-for-us-all/

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

Walkingstick  The ending of the auctions is very significant and very telling...It was the reason for all this thievery, all of this profiteering that was the lifeline of the parallel market...This is an interesting moment and I think things are being built and put in possession for this stoppage because they said to the citizens, at that time it will be a financial turning point...What comes after the auctions?  Purchasing power. 

Frank26  Everything is in place for the monetary reform to be given to the Iraqi citizens.  The Prime Minister and Alaq are telling the citizens we are 95% done with the monetary reform.  We also know at the end of this year, December 31st, the auctions come to an end...It was the dollar that was keeping the Iraqi dinar stable.  What are you going to do when you don't have the auction?  When you cannot use the dollar anymore in your country?  ...You gave the dollar because the dollar had a very good exchange rate.  Now the dollar is taken away you need a very good exchange rate.  That is exactly what they are doing in my very strong opinion.  They're saying we're at 95%.  Where's the 5%?  IMO it's an awful lot of different things being requested by Donald Trump by Iraq...

This Is What ALWAYS Happens Before A Superpower Falls | Richard Wolff

FreeInvesting:  12-4-2024

https://www.youtube.com/watch?v=QYGm44_vv7I

The End Game and More with Rafi Farber (Little by Little)

Miles Franklin:  12-5-2024

n this exclusive interview, Rafi dives into the current economic landscape, the critical role of precious metals in wealth preservation, and the larger implications of global financial trends on everyday investors. Packed with expert analysis and practical takeaways, this discussion is essential viewing for anyone aiming to stay ahead in volatile markets.

https://www.youtube.com/watch?v=-6fsa55Vax0

“Tidbits From TNT” Friday Morning 12-6-2024

TNT:

Tishwash:  The UN Security Council holds a special session on the situation in Iraq

The UN Security Council will hold a special session, Friday, on the situation in Iraq, and to review the latest developments in the country.

According to a post by the United Nations Assistance Mission in Iraq (UNAMI) on the X platform, the session will be held at (6:00 pm Baghdad time), and it is expected that the UN Special Representative, Mohammed Al-Hassan, will provide a briefing in the session on developments in Iraq and on UNAMI.

In July 2024, UN Secretary-General António Guterres appointed Mohammed Al-Hassan of the Sultanate of Oman as his new Special Representative for Iraq and Head of the United Nations Assistance Mission for Iraq (UNAMI), replacing Jeanine Hennis-Plasschaert .  link

Tishwash:  Al-Alaq receives representatives of the Innovation Center at the Dubai International Financial Center

The Governor of the Central Bank of Iraq, Ali Al-Alaq, discussed on Thursday with representatives of the Innovation Center at the Dubai International Financial Center ways of cooperation in the areas of enhancing innovation and entrepreneurship, and adopting financial technology and artificial intelligence in the Iraqi banking sector.

The media office at the Central Bank said in a statement received by "Al-Eqtisad News" that "the Governor of the Central Bank, Ali Mohsen Al-Alaq, in Baghdad, held a meeting with representatives of the Innovation Center at the Dubai International Financial Center, during which ways of cooperation were discussed in the areas of enhancing innovation and entrepreneurship, and adopting financial technology, artificial intelligence and advanced infrastructure." 

The statement added that "the meeting reviewed opportunities to support innovation in banking systems and electronic payment solutions, and provide opportunities for emerging companies in these fields to enter Iraqi, regional and global markets."

He pointed out that "the meeting discussed developing training programs to build Iraqi capabilities to keep pace with global developments, enhance regulatory cooperation and adopt the best standards in the fields of financial technologies and banking technology."

The statement said that the two parties "discussed strengthening partnerships between the financial and banking sector, emerging companies and investors, in addition to interacting with universities and various institutions to support the next generation of Iraqi entrepreneurs, expressing their commitment to developing partnerships in a way that contributes to achieving the vision of the Central Bank of Iraq in building a digital economic system and a comprehensive financial system based on technology and innovation."  link

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Tishwash:  Ernst & Young reveals the completion rate of the Rafidain Bank restructuring project

The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, chaired an expanded meeting to discuss the project to restructure Rafidain Bank.

The committee for this project included officials from the Iraqi Ministry of Finance, the Central Bank of Iraq, the Prime Minister’s Advisor, and the Head of the World Bank Mission in Iraq, in addition to members of Ernst & Young as an expert auditor and consultant in the restructuring process.

The World Bank's Regional Director in Iraq, Emmanuel Salinas, explained the reality of work on this project, in which he presented the opportunities available within the banking work environment in Iraq and the mechanism for developing the restructuring plan in its operational and financial aspects.

While Firas Kilani, an expert in the restructuring project from Ernst & Young, explained that the project has made great progress since its inception in September 2024 and has currently reached 74%, and the next phase of the scope of work will be completed at the end of this month, moving to an advanced stage in this project.

The Governor of the Central Bank confirmed that the support of the Iraqi Prime Minister in this regard has positively accelerated the progress of the project, to reach important stages in the restructuring and development process at Rafidain Bank.  link

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Tishwash:  Honeywell discusses Development of Iraqi Oil Refineries

Iraq's Deputy Minister of Oil for Refining Affairs, Hamed Younis, reaffirmed Iraq's commitment to collaborating with reputable global companies to advance its refining sector. This aligns with the government's strategic program and directives from Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani.

During a meeting with Honeywell's Middle East Executive Director, James Moshi, and Iraq Country Head, Mohamed Al-Shabout, discussions focused on strengthening cooperation in refinery development. The meeting also reviewed progress on agreements made during Abdul-Ghani's visit to Honeywell in Houston, USA, last September.

The session was attended by senior officials, including the Director General of the Studies and Planning Department, Naseer Aziz Jabar, and the Deputy General Manager of the South Refineries Company (SRC).

In June, the Ministry of Oil signed a memorandum of understanding with Honeywell to develop oil refineries.

(Source: Ministry of Oil)  link

Mot:  Gunna redecorate!!!??? --- Wellll --- heres how Ya 

Mot: ................ A Dog Naps -- because ----

Seeds of Wisdom RV and Economic Updates Thursday Evening 12-05-24

Good Evening Dinar Recaps,

BRICS NEWS:  BRICS: WHY TRUMP’S 100% TARIFF PLAY MAY FURTHER DE-DOLLARIZATION

With the president-elect targeting the BRICS bloc specifically, Donald Trump’s proposed 100% tariff plan may only further global de-dollarization efforts. The statement has been met with increased opposition from countries in the global south. Moreover, it represents another clear attempt at the West weaponizing the greenback.

If enacted, the tariff could be the catalyst for inciting continued efforts to abandon the US dollar on a global scale. Although BRICS nations have previously said that they would not seek to ditch the currency, Trump’s policies could drive a necessary recalculation of what would be best for these countries.

Trump’s 100% Tariff Could Mirror Sanctions, Drive Global De-Dollarization

Following his historic victory in the 2024 presidential election, the US dollar has remained a focus for Donald Trump’s incoming administration. Specifically, he has continually said that losing the greenback as the world’s currency would be akin to the country “losing a war.” Therefore, its position in global finances remains a focal point.

That led the incoming president to issue a stark warning to BRICS nations. “The idea that the BRICS are trying to move away from the dollar while we stand by and watch is OVER,” he said in a Truth Social post.

“We require commitment from these countries that they will neither create a new BRCIS currency to replace the mighty US dollar, or they will face 100% tariffs and should expect to say goodbye to selling into the wonderful US economy,” he added.

Yet, his recent statement only reinforced the reasons why nations are stepping away from trading in the currency. For BRICS and many others, Trump’s 100% tariff plan may only further de-dollarization. It once again shows that the United States wants to leverage its perceived power for its own economic gains and standing.

The imposition of Western sanctions drove Russia to initiate de-dollarization efforts through its BRICS alliance. The weaponization of the greenback saw the bloc further enhance trade deals. Ultimately, leading to the promotion of local currency trade.

That will only enhance under Trump’s tariff plan. Moreover, it will harm American industries. The current efforts to ditch the US dollar wouldn’t have the same effect on imports that the incoming presidents would. In the end, he may well be shooting his incoming administration in the foot.

@ Newshounds News™

Source: WATCHER GURU 

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ASIA-PACIFIC (APAC) CRYPTO ADOPTION 2024: KEY TRENDS AND INSIGHTS TO KNOW

▪️The Asia-Pacific region has seen a surge in cryptocurrency adoption, far outpacing the global average.

▪️APAC's crypto adoption is driven by real-world use cases and cultural acceptance, rather than just financial speculation.

▪️Countries with better regulatory frameworks are witnessing higher adoption rates and increased institutional interest.

The Asia-Pacific (APAC) region is undergoing a major shift in how people use cryptocurrencies. From financial centers like Hong Kong and Singapore to growing markets in Southeast Asia, digital assets are becoming more mainstream. In APAC, crypto isn’t just a way to make money—it’s becoming part of daily life, driven by people and culture, not just technology.

Crypto Adoption Soars Across APAC

A recent report by Consensus, titled “Driven By Demand: The People-Powered Crypto Movement in Asia Pacific,” shows that crypto adoption in APAC has reached 22% in 2024—nearly three times the global average of 7.8%.

Thailand leads the way with a remarkable 43% adoption rate, followed by the UAE (37%), India (32%), and the Philippines (31%). Countries like South Korea (28%) and Hong Kong (24%) are also making progress, while Japan (12%) and Mainland China (17%) are lagging behind.

A Tool for Financial Inclusion

The survey, which included nearly 4,300 participants from ten APAC countries, reveals that more than half of respondents (51%) see digital assets as a key to financial inclusion. Additionally, 37% believe crypto gives them more control over their finances without relying on banks.

This shows that, in APAC, crypto isn’t just about making a profit—it’s a practical tool for everyday use and fits well with the region’s culture.

Crypto’s Everyday Value

Over the past year, the attitude toward cryptocurrencies in APAC has shifted significantly. With fewer scandals and more local activity, trust in the industry has grown. Unlike in some Western regions, where distrust of traditional banks drives crypto adoption, APAC users focus more on crypto’s practical benefits for daily life.

Interestingly, only 18% of people surveyed said they distrust banks. This suggests that in APAC, crypto is seen as a solution to real-world problems, not just a reaction to traditional financial systems.

Race to Become a Crypto Hub

The report also finds that 69% of respondents believe clear regulations are important to protect crypto users. However, the report suggests that regulation alone isn’t what’s driving adoption—it supports the strong demand already present in the market.

Countries with higher adoption rates, like Thailand and the UAE, benefit from clearer regulations, which help the crypto ecosystem grow.

APAC Leading the Global Crypto Charge

Michael Lau, Chairman of Consensus Hong Kong, pointed out that APAC is setting the pace for the global crypto market. He highlighted how recent Bitcoin and Ethereum ETF approvals, along with more institutional investments, are positioning APAC as a leader in creating a more connected global financial future.

With its mix of cultural acceptance, practical use, and evolving regulations, APAC is not only shaping the future of cryptocurrency—it’s influencing the global financial system.

This people-driven movement proves that when demand meets innovation, real change happens.

@ Newshounds News™

Source: Coinpedia 

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ISO 20022: The Future of Finance, Explained  |  Youtube

Be sure to check out our Timeline and Roadmap with detailed information on the Timeline of the QFS from the beginning, to where we are now, to the expected LIVE date.

Check out the Timeline

Check out the  Roadmap

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Thank you Dinar Recaps

They Have To Get This Right For America To Have A Real Chance

They Have To Get This Right For America To Have A Real Chance

Notes From the Field By James Hickman (Simon Black)  December 5, 2024  

On November 20, 1945, an international tribunal first convened in the Bavarian city of Nuremberg to prosecute key leaders of Nazi Germany for crimes against humanity. The Nuremberg Trials were a key aspect of holding individuals accountable for the brutal acts and genocide committed under Nazi rule.

High-ranking officials, including Hermann Göring and Rudolf Hess, faced charges, and they tended to grab most of the headlines. But plenty of lower ranking officers, and even doctors, faced trial as well. Naturally they tried to defend themselves by claiming they were “only following orders”.

But the Nuremberg Trials established a clear precedent that moral responsibility falls on the individual who committed the crime. “Only following orders” is simply not a valid justification for blatant wrongdoing.

It’s always dangerous territory to bring up the Nazis in any intellectual argument because it’s just so sensational. But in this case the analogy is an important one because we’re ultimately talking about accountability.

Bureaucrats and politicians in the US government commit outrageous, egregious acts of wasteful mismanagement on a daily basis. A lot of it is even deliberate.

And yet no one is ever held accountable. The conservative writer Thomas Sowell once argued that “it is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.”

People in the private sector pay for their mistakes all the time. Businesses who don’t deliver value soon find themselves without customers. Employees who don’t do good work find themselves out of a job.

But government officials have squandered trillions of dollars. They locked down businesses, forced experimental vaccines on children, censored free speech, and violated just about every right imaginable.

How many have been truly held accountable?

TO READ MORE: https://www.schiffsovereign.com/trends/they-have-to-get-this-right-for-america-to-have-a-real-chance-151850/

Evening News with MarkZ and Dr. Scott young. 12/05/2024

Evening News with MarkZ and Dr. Scott young. 12/05/2024

MarkZ Disclaimer: Please consider everything on this call as my opinion.  Be sure to consult a professional for any financial decisions

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

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

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

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

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

Youtube:     https://www.youtube.com/watch?v=6LTAsEe84AY

More News, Rumors and Opinions Thursday PM 12-5-2024

Gold Telegraph: Change is Happening in the Global Financial System

12-4-2024

China has announced a ban on rare mineral exports to the United States.

Again, Financial assets vs. Elements.

BREAKING NEWS: DEVELOPING COUNTRIES SPENT A RECORD $1.4 TRILLION TO SERVICE THEIR FOREIGN DEBTS IN 2023 AS INTEREST COSTS CLIMBED TO A 20-YEAR HIGH

You wonder why change is happening in the global financial system?

The BRICS nations collectively accounted for about $578 billion in United States imports. There is good reason for the United States to be worried about BRICS nations reducing their dependency on the dollar. The dollar currently serves as the economic heartbeat of America.

BREAKING NEWS: CHILE AIMS TO INVEST $83 BILLION IN MINING THROUGH 2033

This is the world’s biggest producer of copper.

“About 52% of spending totaling $42.96 billion is pegged for projects planned between 2024 and 2026…”

Source: https://www.reuters.com/markets/commodities/chile-aims-invest-83-bln-mining-through-2033-newspaper-says-2024-12-04/

Many Chinese metal importers have stopped buying United States copper scrap in anticipation of tariffs.

Finance vs. Elements.

China is the biggest importer of copper.

Russian President Vladamir Putin questioned holding state reserves in foreign currencies, citing risks of political confiscation. Countries around the world pay close attention to these types of comments. Gold.

Jerome Powell says:

“There is very, very broad support for the Federal Reserve to pursue monetary policy for the benefit of all Americans at all times.”

Thank you, Mr. Powell, for providing the joke of the day.

The French government has collapsed.

The world is a cold place, maybe that’s why I gravitate to gold. What can you trust?

https://dinarchronicles.com/2024/12/04/gold-telegraph-change-is-happening-in-the-global-financial-system/

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Ariel (@Prolotario1): Showed the Iraqi Dinar to a Capital One Manager

I was showing a manager at Capital One the other day all the accounts on X some who I know have Iraqi Dinar. On how people want this to be a scam more than they want me or my followers to be right about holding it for an ROI.

And this manager already has multiple SKRs from investors he is ready to manage once the new exchange rate is released. I live in the real world. Where results are real-time. Face to face contact with banking offers or services to help compound on your capital.

Online opinions remain a virtual remnants of ideas confined to a digital space that has no bearing on organic human interactions with tangible applications. This is something detractors underestimate. IQD is not a stock. Buying it will not raise the price.

Meaning nobody is currently marking up rates on X who are not selling this currency to you but only giving you a heads up on what will happen once the CBI decides it is the right time to reinstate their currency at parity level with the US dollar. Which is designed to level the playing field for all countries.

Source(s):
https://x.com/Prolotario1/status/1864432194032128123

https://dinarchronicles.com/2024/12/04/ariel-prolotario1-showed-the-iraqi-dinar-to-a-capital-one-manager/

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

Mnt Goat  As investors we all...should realize that there is a deal with China and Iraq on providing oil at a fixed price. This deal was brokered by the US Treasury and it included pre-selling some of the U.S. oil credits to China at a fixed price. But these are credits and these credits only materialize when we, as investors then exchange our dinar.  Yes, billions in oil credits...  I talked about these oil credits...when I described... how this RV would be paid for...

Frank26  Everything is in place for the monetary reform to be given to the Iraqi citizens.  The Prime Minister and Alaq are telling the citizens we are 95% done with the monetary reform.  We also know at the end of this year, December 31st, the auctions come to an end...It was the dollar that was keeping the Iraqi dinar stable.  What are you going to do when you don't have the auction?  When you cannot use the dollar anymore in your country?  ...You gave the dollar because the dollar had a very good exchange rate.  Now the dollar is taken away you need a very good exchange rate.  That is exactly what they are doing in my very strong opinion.  They're saying we're at 95%.  Where's the 5%?  IMO it's an awful lot of different things being requested by Donald Trump by Iraq...

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"Markets HORRIFICALLY OVERVALUED As Insiders Head For The Exits" - Mike Maloney

12-5-2024

“If this is a measurement of the scale of our bubble…that is saying…this is horrifying.

This is absolutely horrifying. If this reverts to the mean, we are talking about a Modern Dark Age. And the informed people on the Titanic, are getting into the lifeboats right now.

That is what’s going on.” –

https://www.youtube.com/watch?v=LsY5dblyK9Q

Iraq Economic News and Points to Ponder Thursday AM 12-5-24

Warning Against The Consequences Of Canceling The Dollar Selling Platform In Iraq.. The Green Currency Is Hostage To Jordan And The Gulf States

Financial and economic affairs expert Mustafa Akram Hantoush warned today, Thursday (December 5, 2024), of the consequences of canceling the dollar selling platform to merchants during the next stage, according to what was announced by the Central Bank of Iraq.

Hantoush, a journalist, said, "The Central Bank of Iraq must know very well that the collapse of the Iraqi banking system and the punishment of (32) Iraqi banks without a clear charge over a period of a year and a half is not normal, and from the perspective of banking work, this may be the first incident in the world of this kind."

He added, "The worst thing is the lack of serious solutions from the Central Bank of Iraq to this situation, but rather the move towards cancelling the (fitr) platform by the end of 2024 and handing over the dollar file to banks affiliated with foreign investors and banks (Jordanian and Gulf), which gives the impression that this matter was planned from the beginning."

He continued, "The failure of the Central Bank of Iraq to find solutions for the Iraqi banking sector will fire the mercy bullet at the entire Iraqi banking system and it will become punished as a whole, which will lay off nearly 100,000 workers in the Iraqi private banking sector in favor of Jordan and the Gulf countries," noting that "in the absence of banking competition, the stability of the exchange rate becomes difficult due to the monopoly of the dollar by certain banks and may lead to new fluctuations in the exchange rate."

Hantoush wondered: "Why is the work of the (Fitr) platform not being extended in coordination with the new US administration? Also, why are Iraqi banks not guaranteed to open an account for themselves in correspondent banks in dollars (Citibank/JP Morgan) as the countries of the region have done?"

He pointed out that "the surprising thing is that, until now, the mechanism for cooperation and auditing with Ernst & Young has not been determined or announced regarding transfers in currencies other than the dollar (euro - yuan - lira - dirham), nor have the results of the agreement and contract with Oliver Wyman regarding the (32) sanctioned banks and what their fate will be have not been announced. This means that the banking situation in Iraq is facing many major crises, and the dollar will be difficult to control in the parallel market."    https://burathanews.com/arabic/economic/453500

US Ambassador: We Affirm Our Commitment To The Growing Partnership Between The United States And Iraq

Thursday 05 December 2024 21:23 | Politics Number of readings: 53 Baghdad / NINA / US Ambassador to Baghdad Alenia Romansky affirmed, today, Thursday, her country's commitment to the growing partnership between the United States and Iraq.

The ambassador said in a post on the X website: "Today we celebrated the American National Day at the US Embassy in Baghdad, affirming our commitment to the growing partnership between the United States and Iraq." / End    https://ninanews.com/Website/News/Details?key=1173084

Iraq Buys Gold In Large Quantities.. And An Expert Reveals The Reason

Time: 2024/12/05 Read: 2,691 times  {Economic: Al Furat News} An economic expert revealed the reason behind Iraq’s import of large quantities of gold.

Manar Al-Obaidi said in a statement received by {Euphrates News} that "according to data on exports from countries, specifically the UAE, which has become the largest exporter to Iraq in terms of value, we find that more than 42% of the UAE's exports to Iraq are gold."

He explained that "the main reason for importing these quantities is due to its use as an alternative to the dollar in trade exchange with some countries that are prohibited from dealing with banks, and as a result of the lack of cash dollars in the markets, it is replaced by importing gold from outside Iraq, and then trade is carried out using this metal."

He pointed out that "the expected value of gold from the UAE until the end of 2024 will be between 12-18 billion dollars, in addition to mobile phones, the volume of their exports from the UAE alone ranges between 6-8 billion dollars."

Al-Obaidi continued, "There are approximately 20-24 billion dollars in goods that are imported, which are not used for local consumption, but are reused in foreign trade exchanges."

He pointed out that "inflation rates in Iraq have decreased to less than 3% as a result of the ability to import goods from various entities that are prohibited from dealing with banks using gold and mobile phones."

He stressed that "the hedge that citizens are looking for for their savings in times of crisis tends to buy gold instead of keeping the local currency and also the disappearance of the cash dollar from the market."

The economic expert said, "As a result, Iraq has no alternative except by establishing an electronic clearing system between it and the countries that are prohibited from dealing with banks, and then there will be no need for these complex mechanisms to cover trade exchange without the need to go through the global banking system and the inability to cover imports from these countries."

The World Gold Council announced on November 6 that Iraq had raised its gold holdings to more than 152.5 tons.

According to a table published by the council for November 2024, "Iraq ranked 29th out of 100 countries listed in the table with the largest gold reserves," indicating that "Iraq ranked third in the Arab world after Saudi Arabia and Lebanon."

He added, "Iraq increased its gold holdings to 152.6 tons, after it had held 152.5 tons, which represents 11.5% of its remaining reserves."   LINK

Gold Steady Amid Anticipation Of US Wage Data

Thursday 05 December 2024 08:47 | Economic Number of readings: 168

Baghdad / NINA / Gold prices stabilized on Thursday, as investors awaited data on wages in the United States, to get more signals on the path of the Federal Reserve's monetary policy (the US central bank).

Spot gold recorded $ 2,648.89 per ounce, and US gold futures fell 0.1 percent to $ 2,672.60.

The US wage report is scheduled to be released tomorrow, Friday, followed by inflation data for November next week.

As for other precious metals, silver fell 0.1 percent to $ 31.31 per ounce, platinum fell 0.2 percent, recording $ 939.07, and palladium lost 0.3 percent, recording $ 975.48. / End https://ninanews.com/Website/News/Details?key=1172937

 Oil Rises After OPEC+ Extends Output Cuts Until 2026

Arabic and international   Economy News - Follow-up  Oil prices rose slightly on Thursday after OPEC+ decided to postpone an increase in production until April 2025 and postpone the complete cancellation of cuts by a year until the end of 2026.

By 1424 GMT, Brent crude futures were up 40 cents, or 0.55 percent, at $72.71 a barrel, while U.S. West Texas Intermediate (WTI) crude futures were up 40 cents, or 0.58 percent, at $68.94 a barrel.

OPEC+, which includes OPEC members and allies such as Russia, had planned to start easing production cuts from October 2024, but slowing global demand and rising production from outside the group have forced it to postpone those plans more than once.

"This will not lead to a supply shortage next year and a surplus is still expected," said Tamas Varga of oil broker PVM.

The gradual removal of the 2.2 million barrels per day cut will begin from April 2025, in monthly increments of 138,000 barrels per day, according to Reuters calculations, and will continue for 18 months until September 2026.

In the United States, a larger-than-expected drop in U.S. crude inventories last week provided some support to prices.

In the Middle East, Israel said on Tuesday it would return to war with Hezbollah if the truce between them collapsed, in which case it would launch attacks deep inside Lebanon and target the state itself.

US President-elect Donald Trump's Middle East envoy has traveled to the region to visit Qatar and Israel to push diplomatic efforts to secure a ceasefire in Gaza and the release of Israeli hostages before Trump takes office on January 20, a source familiar with the matter told Reuters.

 45 views   Added 12/05/2024 - https://economy-news.net/content.php?id=50584 

Central Bank Governor: Prime Minister's Support Accelerated Progress Of Rafidain Bank Restructuring Project

Banks  Economy News – Baghdad  The Governor of the Central Bank, Ali Mohsen Al-Alaq, confirmed today, Thursday, that the support of Prime Minister Mohammed Shia Al-Sudani accelerated the progress of the Rafidain Bank restructuring project.

The bank's media office stated in a statement received by "Al-Eqtisad News" that "the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, chaired an expanded meeting to discuss the project to restructure Rafidain Bank," noting that "the committee for this project included officials from the Ministry of Finance and the Central Bank, the Prime Minister's advisor, and the head of the World Bank mission in Iraq, in addition to members of Ernst & Young as an expert auditor and consultant in the restructuring process."

He added that "the World Bank's Regional Director in Iraq, Emmanuel Salinas, explained the reality of work on this project, in which he presented the opportunities available within the banking work environment in Iraq and the mechanism for developing the restructuring plan in its operational and financial aspects."

According to the statement, Ernst & Young’s restructuring project expert, Firas Kilani, explained that “the project has made great progress since it began in September 2024 and has currently reached 74%, and the next phase of the scope of work will be completed at the end of this month, moving to an advanced stage in this project.”

The governor stressed that "the support of the Prime Minister in this regard has positively accelerated the progress of the project, to reach important stages in the restructuring and development process at Rafidain Bank." 227 views Added 2024/12/05 -  https://economy-news.net/content.php?id=50562

Parliamentary Finance Committee Discusses The Draft Law Amending The First Budget Law

Chairman of the Parliamentary Finance Committee Atwan Al-Atwani  Money and business  Economy News – Baghdad  The Parliamentary Finance Committee discussed, on Thursday, the draft law amending the first law of the Federal General Budget Law (2023-2025).

The committee's media office stated in a statement, which was reviewed by "Al-Eqtisad News", that "the Parliamentary Finance Committee, headed by Atwan Al-Atwani and attended by a number of its members, held its fifth meeting to discuss the draft law of the first amendment to the Federal General Budget Law (2023-2025)."

The statement added that "the meeting discussed the aspects related to this amendment; with the aim of maturing it and preparing it in the best possible way to ensure its implementation and end the problem of the oil dispute between the central government and the regional government and resume oil exports."

The statement explained that "the attendees decided to submit an official request to the Presidency of the Council of Representatives to remove the second reading from the agenda of today's session; in order to complete the discussion of this law, as the Finance Committee is still waiting for the Ministry of Finance to provide the data required of it, regarding the mechanism for financing the amounts related to the costs of producing and transporting the region's oil, according to what was stipulated in the draft law sent from the government to Parliament."

The statement continued, "The meeting also discussed the problem of delayed financing of the governorates, as the representatives indicated - during their interventions - that there was a clear shortcoming in the performance of the Ministry of Finance," stressing "the importance of reconsidering the path of building the general budget, and transforming it from a planning budget to a realistic budget."  85 views   Added 12/05/2024 https://economy-news.net/content.php?id=50583

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

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 12-05-24

Good Afternoon Dinar Recaps,

CITI, JP MORGAN, OTHERS COMPLETE TOKENIZATION SETTLEMENT TRIALS

Ten institutions completed simulated trials of the Regulated Settlement Network (RSN), exploring the use of a shared DLT network to settle tokenized transactions. It was an extension of previous trials of the Regulated Liability Network conducted last year, which included tokenized commercial bank money and tokenized central bank money on the same network.

This time tokenized Treasuries and investment grade bonds were also on the shared ledger, enabling delivery versus payment for wholesale transactions. The trials also explored interoperability with external DLT networks.

Securities Industry and Financial Markets Association (SIFMA) acted as coordinator for the institutions involved, which were Citi, J.P. Morgan, Mastercard, Swift, TD Bank N.A., U.S. Bank, USDF, Wells Fargo, Visa, and Zions Bancorp, led by SIFMA.

The group published three reports on the business, technology and legal aspects and will hold a virtual briefing on the RSN trials at 1pm Eastern Time.

The Benefits of Shared DLT Ledgers

Shared institutional networks for tokenized assets are attracting attention for several reasons. If a tokenized Treasury is settled using central bank money on the same ledger, settlement risks are eliminated almost entirely. Smart contracts enable automation and straight through processing. And always-on networks allow for settlement outside of working hours and batch cut off times. That could prove especially convenient to assist overseas clients.

Five thoughtful use cases each demonstrated different benefits. While immediate settlement of Treasury transactions is risk free, institutions prefer net settlement to reduce cash demands.

Today just 20% of repo transactions are centrally cleared, but new SEC rules will require a far larger proportion. Hence, one of the use cases ran a central counterparty (CCP) using the shared ledger that offered multiple settlement windows during the day. That allows firms to settle intraday and take advantage of netting.

While the RSN could become a major network, the group recognizes it won’t be the only DLT network. So other trials explored interoperability with non RSN networks, either using Swift orchestration or via direct APIs.

For example, Mastercard has its Multi Token Network (MTN) which tested payments between two banks using MTN. The interbank settlement was performed on the Regulated Settlement Network (RSN) using central bank money.

Meanwhile, RSN trials used the Canton DLT from Digital Asset. Deloitte assisted SIFMA in coordinating the project and Sullivan & Cromwell provided legal input.

Contributors included BNY Mellon, Broadridge, the  Depository Trust and Clearing Corporation (DTCC), International Swaps and Derivatives Association (ISDA), Tassat Group, and the non profit MITRE Corporation. The New York Innovation Center (NYIC) at the Federal Reserve Bank of New York participated as a technical observer.

@ Newshounds News™

Source:  Ledger Insights

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VANCOUVER MAYOR PUSHES BITCOIN AS RESERVE ASSET IN BOLD FINANCIAL PLAN

Vancouver is the latest city to join the discussions on adding Bitcoin to the government’s financial reserves. At a city council meeting on November 26th, Mayor Ken Sim submitted his notice of motion, where he plans to introduce his proposed Bitcoin bill on December 11th.

The city’s proposal is titled ” Preserving the city’s purchasing power through diversification of financial resources: Becoming a Bitcoin-friendly city. ” It aims to integrate Bitcoin into the city’s financial system and make Vancouver a “Bitcoin-friendly city,” using Bitcoin as a hedge against inflation and promoting economic development.

Vancouver Makes A Move Towards BTC Adoption

Vancouver Mayor Ken Sim is taking the necessary steps to prepare the city for the blockchain. 

As a Bitcoin supporter, Sim is pushing for widespread adoption to hedge against inflation and promote economic development. In a November 27th meeting, Mayor Sim filed a motion of notice detailing his plan to present the proposal to adopt Bitcoin on December 11th.

Under the proposal, Vancouver will transform into a “Bitcoin City” and authorize the city government to diversify its resources to include Bitcoin. If the council approves, residents of Canada’s third-largest city can purchase Bitcoin.

However, it isn’t clear in the proposal if Sim also authorizes setting up a Bitcoin strategic reserve, similar to the one being pushed by US senator, Cynthia Lummis.

Mayor Sim And His Campaign For Bitcoin

Sim is one of the country’s most vocal supporters of Bitcoin. During the campaign, Sim’s party announced it would accept cryptocurrency donations. He explained that their commitment to blockchain technology demonstrates their plan to accept crypto as donations. He also teased the electorate that he will push for crypto-related policies if he wins.

Sim became Vancouver’s mayor in October 2022. During his tenure as city mayor, he rarely gave speeches or talks on Bitcoin and cryptocurrencies. Interestingly, a book titled “The Bitcoin Standard” by Saifedan Ammous was seen in the mayor’s office during his interview with Global News on November 25th. Many observers pointed to this item in his office as evidence of the mayor’s interest in crypto.

Push For BTC Mainstream Adoption Intensifies

Today, Bitcoin continues to surge in price thanks to a growing mainstream adoption. Sim’s move to integrate Bitcoin into Vancouver’s financial system is just one of the many proposals reported recently. According to Jeff Booth, a blockchain author, Mayor Sim’s proposal aims to promote the adoption of Bitcoin as a reserve asset.

Aside from Vancouver, a few states and governments are working overtime to fast-track Bitcoin’s mainstream adoption.

 For example, the state of Florida plans to tap a portion of its pension funds and use it to buy crypto. Pennsylvania is also planning to set up a Bitcoin reserve. Then, there’s the city of Detroit, which teases a plan to accept Bitcoin as a payment option.

@ Newshounds News™

Source:  Bitcoinist   

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MARTIAL LAW VS DEMOCRACY WHICH IS BETTER FOR FREEDOM?  |  Youtube

South Korea's Martial Law and its effects.  It was overturned and only lasted for 6 hours.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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BRICS Bridge: Unlocking a New Era of Currency Sovereignty and Revaluation

BRICS Bridge: Unlocking a New Era of Currency Sovereignty and Revaluation

Awake-In-3D   December 4, 2024

How BRICS Bridge is challenging traditional financial systems to redefine currency values across emerging markets.

The financial world is undergoing a transformation, and BRICS Bridge is at the forefront of this change. By leveraging advanced blockchain technology, BRICS nations are challenging traditional financial systems and reshaping how currencies are valued. This advanced initiative aims to foster monetary sovereignty, reduce dependence on the US dollar, and unlock new opportunities for emerging markets.

With its promise to streamline cross-border transactions and promote fairer currency valuations, BRICS Bridge could herald a new era of economic equity and innovation.

The Vision Behind BRICS Bridge

BRICS Bridge is more than a payment platform; it represents a strategic response to the financial imbalances perpetuated by reliance on US-controlled systems such as SWIFT and the hegemony of the US dollar in international trade. By fostering financial independence, BRICS Bridge aims to empower emerging economies with enhanced monetary sovereignty and reduced exposure to external geopolitical pressures.

One key aspect of this initiative is the potential to bring currencies from emerging markets into sharper focus. Through its integration of digital currencies and blockchain technology, BRICS Bridge provides a framework for transparent, efficient, and secure transactions, which is poised to influence the revaluation of participating nations’ currencies in the broader financial ecosystem.

How BRICS Bridge Could Trigger Currency Revaluation

1. Decoupling from the US Dollar

A central ambition of BRICS Bridge is to diminish dependency on the US dollar, which has long been the dominant reserve currency. For decades, the strength of the dollar has placed emerging market currencies at a disadvantage, often undervalued due to trade imbalances and external debt obligations denominated in dollars.

With BRICS Bridge enabling transactions in local currencies or digital equivalents, member nations can bypass dollar-based exchange rate constraints. This shift will lead to a recalibration of exchange rates, increasing the valuation of emerging currencies and reflecting their true economic potential.

2. Strengthening Intra-regional Trade with BRICS Bridge

By facilitating faster, cheaper, and more secure cross-border payments, BRICS Bridge has the potential to boost trade among its member states and partners. Greater trade volumes will drive demand for local currencies, naturally improving their valuation.

For instance, if Russia trades directly with India using the ruble and rupee through BRICS Bridge, it eliminates the intermediary role of the dollar. As these transactions scale, the ruble and rupee will result in more robust valuations, influencing regional currency markets.

3. Enhancing Financial Stability with BRICS Bridge

The ability to transact without reliance on Western-dominated systems like SWIFT mitigates the risk of external sanctions and financial isolation. This newfound financial stability is a crucial factor in the revaluation of currencies, as it increases investor confidence and reduces the risk premiums often associated with emerging markets.

For countries like South Africa and Brazil, participation in BRICS Bridge will safeguard their economic interests from the impact of geopolitical tensions, thereby bolstering their currencies’ standing.

The Role of Technology in BRICS Bridge

At the heart of BRICS Bridge lies blockchain technology, which underpins the system’s efficiency, security, and transparency. Blockchain’s decentralized nature ensures that transactions are immutable and verifiable, making it an ideal foundation for a trusted cross-border payment platform.

Additionally, the use of digital currencies and tokens further amplifies the platform’s potential. Unlike traditional fiat systems, these digital assets can streamline compliance processes by embedding regulatory checks within the blockchain itself, reducing delays and administrative costs. This efficiency not only strengthens trade relationships but also enhances the perceived stability of participating currencies, positively influencing their valuation.

Challenges and Uncertainties in BRICS Bridge

Despite its transformative potential, BRICS Bridge faces significant challenges. The United States has expressed concerns that such a system will undermine its economic influence and warned that cooperation with Russia’s financial sector will result in losing access to the dollar. These warnings underscore the geopolitical risks associated with implementing a multipolar financial framework.

Additionally, technical and regulatory hurdles are expected to complicate adoption. Differences in technological infrastructure, legal frameworks, and compliance standards among BRICS nations may complicate the system’s rollout. Addressing these challenges will be essential for the initiative to achieve its full potential and exert meaningful influence on currency revaluation.

A Comparison to the BIS mBridge Platform

BRICS Bridge shares conceptual similarities with mBridge, a multi-CBDC (central bank digital currency) platform previously overseen by the Bank for International Settlements (BIS). While mBridge aimed to explore cross-border digital currency transactions, the BIS stepped back after the project matured, citing its readiness for independent development.

BRICS Bridge, however, is distinguished by its explicit focus on reducing Western financial influence and fostering alliances among emerging markets. This unique positioning aligns the platform more closely with efforts to achieve a Global Currency Reset (GCR), where emerging markets play a central role in reshaping the financial order.

Opportunities for Broader Participation in BRICS Bridge

The success of BRICS Bridge will depend on its ability to integrate additional partners from outside the core BRICS membership. Nations like Oman, Saudi Arabia, and the UAE have shown interest in exploring digital payment systems and blockchain-based trade platforms.

• Oman could serve as a critical conduit between BRICS and Middle Eastern markets.

• Saudi Arabia has already participated in digital currency initiatives like Project mBridge, signaling its openness to similar collaborations.

• The UAE has invested in Distributed Ledger Technology (DLT) and CBDCs to enhance trade flexibility.

• Bahrain could act as a bridge for smoother Gulf integration, bringing additional trade and financial flows into the system.

Expanding participation will not only strengthen the platform but also amplify its impact on currency valuation trends across emerging markets.

The Bottom Line

BRICS Bridge represents a bold step toward a more balanced and inclusive financial future. By leveraging blockchain technology to enable direct, dollar-independent transactions, the platform has the potential to recalibrate the valuation of emerging market currencies, enhancing their global standing.

While challenges remain, the initiative underscores a growing recognition among BRICS nations and their allies that the time has come to reshape the financial order. As BRICS Bridge progresses, it will serve as a critical component of the wider initiative toward a Global Currency Reset, signaling a new era of monetary stability and equity for emerging markets worldwide.

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News, Rumors and Opinions Thursday 12-5-2024

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 Thurs. 5 Dec. 2024

Compiled Thurs. 5 Dec. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Wed. 4 Dec. 2024 Holly: “GET RRRRREEEAAADYYY!!! I got a call telling me today that the currency exchange companies inside Iraq refused to sell dollars to anybody. Now they are only letting the Dinar stand up inside the country. Going international !!!!!!! The USD no longer exists inside Iraq. Money exchangers inside Iraq can buy USD but cannot sell them.”

Global Financial Crisis:

Wed. 4 Dec. 2024: Breaking News: $980 Trillion of Cabal Money Purged from Banks Unleashes Global Financial Turmoil – amg-news.com – American Media Group

Wed. 4 Dec. 2024: Elon Musk and Senator Mike Lee just shared a thread showing US Government is using our Social Security to fund anything they need extra money for. Senator Tommy Tuberville CONFIRMS they spend our Social Security, “It’s all a scam — what happens, it comes up here, we spend it. This is all a scam. I mean, we got people that’s getting ready to retire that’s gonna try to live off $2k-$3k, Impossible. It’s impossible. Because what happens, it comes up here, we spend it. We’re $35 trillion in debt. We don’t have any money. We’re dead broke. And then taxpayers have $2 trillion in credit card debt. We are in huge trouble. In this body, we had better start figuring that out because we’re gonna have a run on this city here soon, and there’s gonna be about a 150 million people coming up here saying, where’s our damn money that we paid in?”

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TUES. 3 DEC. 2024 GEOPOLITICAL UPDATE: THE CALM BEFORE THE STORM …Gitmo TV on Telegram

The world is standing on the precipice of history. With the global economy teetering on the edge of collapse and election fraud rampant across nations, brace yourselves for an Earth-shattering series of events that will shake the foundations of the global elite. Here’s what’s coming:

MARK YOUR CALENDARS: Global Emergency Broadcast System (EBS) Alerts: Prepare for worldwide alerts starting Friday and Saturday, December 6-7, followed by an unprecedented global communication blackout for 10 days. This “Ten Days of Darkness” begins Sun. 8 Dec. and ends Wed. 18 Dec.

A Financial Collapse Like No Other: A global financial crisis is expected to unfold between Tuesday and Wednesday, 17-18 Dec. The old system is crumbling under the weight of its own corruption, and a new system is poised to rise from the ashes.

The Reckoning Has Begun: As these operations unfold, the world’s most vile elites are being dragged into the light, stripped of their power, and held accountable for decades of unspeakable chaos.

BRICS: THE CATALYST FOR THE New World Order: On Thursday, December 7, the BRICS nations unveiled their long-awaited global currency reset—a move that is already sending shockwaves through the global financial system. The old dollar-dominated system is collapsing, and the BRICS alliance is leading the charge to redefine the rules of international trade and power.

MONEY IS MOVING — BUT THEY DON’T WANT YOU TO KNOW

Top-Level Payments Initiated: Bondholders at Tiers 1 and 2 have already received their funds.

Secrecy Shrouds the Process: Non-Disclosure Agreements (NDAs) have been enforced to prevent the public from realizing what’s happening. The elites don’t want you to know that their grip on the financial system is slipping.

It’s Almost Your Turn: Tiers 3 and 4a/b (including the Internet Group) are expected to receive notifications to schedule redemption appointments at any moment. Your time is coming. Stay ready.

Red full post here:  https://dinarchronicles.com/2024/12/05/restored-republic-via-a-gcr-update-as-of-december-5-2024/

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

Walkingstick  Back in 2003 the reason why the auctions were put in was to stabilize the exchange rate of the Iraq dinar but it didn't work because of the thievery and stealing.  So we gave them the US dollar in order to do this but once again it got out of control.  Now on December 31 of this year these auctions are going to die...What will they use to maintain their currency stability?  IMO exactly what they've been teaching them...A basket of foreign currencies with a new exchange rate where the IQD will be paired against other foreign currencies, which they have already admitted to that they have...It means their currency will now be convertible in that basket with no restrictions...What would be an example of all of this?  The new lower notes.

Frank26  Question "Will there be taxes?  37% on short term - 20% on long term?" Yeah, that's about right,  somewhere in that ball park.  Ask a professional because I certainly don't know the exact tax code... Question "We had currency for a year or more and we decided to buy more, will we still have to pay 40%?"  Yes, every time you buy whatever you buy, your receipt verifies your time frame.  That's why your receipt is so important.  If you're ever audited you need to prove your time frame.  [Dinar Guru Note:  Consult your tax professionals to determine the right tax for your unique circumstances.]

IQD Rate | BRICS Currency | Tariffs | Gold | Syria

Edu Matrix:  12-5-2024

IQD Rate has returned to normal. What a 100% tariff threat means and buying gold to secure yourself and your family, as well as the crisis in Syria. How Iraq and Russia play into the conflict.

https://www.youtube.com/watch?v=uJ1ZwtiTwmQ

“Coffee With MarkZ” Thursday Morning Chat 12-5-2024

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: Good Morning Mark, Mods and Members

Member: Top off your coffee MarkZ! Looks like it’s a busy morning for news!

MZ: We may be in for a crazy few days everyone.

Member: I did hear that Iraq had passed everything and I think they’re ready to go

Member: There are rumors HCL is done.

MZ: They are operating as if HCL was done. I am convinced it is done- just not officially announced yet.

MZ: “Sudani: The challenges of the 2025 budget will not hinder salaries . Is Ira on the brink of a financial crisis?”  these are the normal back and forth article they throw out there just before a value change.

Member: So I hear - Iraq approved it, but didn’t do it in time to be already in affect? So we have to wait till Sunday.

MZ: “With documents: Test of the draft amendment for the budget law.” The second reading is done and we are waiting on the third reading to have their budget.

MZ: The rumors in Iraq are along with that third reading they will announce the HCL.

Member: The third reading is the final reading.

MZ: We hear the third reading may be on Saturday.

Member: What is HCL?

MZ: Hydro Carbon Law. it’s the profit sharing between the Erbil region and Iraq. We were told when it is passed- the RV can occur. Within days of it passing the new rate should be out.

MZ: It may be time to start getting excited…We just need to manage our expectations

Member: is it true the budget was published in the Gazette yesterday?

MZ: it is absolutely not true. But I am told there is a good chance it could be published in this Saturdays Gazette. I heard that from a couple folks who believe that is going to be our “Go”. But it most likely will be next Wednesday.

Member: Iraq has never done anything on time…..lol

MZ: “Parliamentary finance is considering reviewing the price of oil in the 2025 budget” In the article they say they may be making a change on the price of a barrel of oil and the EXCHANGE RATE of the dollar.

Member: What will happen if Iraq doesn’t revalue its currency by December 10th .. anybody have any ideas?

Member: We will just continue to sit and wait like we have been doing for years….

Member: apparently the money auctions must end before rv.

Member: Dr. Kia Pruitt had Rod Steel on last night. Over 2 hours of intel from Rod.

Member: 2 of Rod steele’s contacts said late January

Member: I still think we have to wait until after the inauguration on Jan 20th. So that fits.

Member: Rumor floating around that we are going to see the new Dinar rate on the Forex on Sunday.

MZ: Unfortunantly no bond news today.

Member: Can you address what the strict NDA will entail?

MZ: We do not know exactly what the NDA will look like….or if we will even have one. I was told by my banking folks that they do not think we will have one unless we have Zim projects. Otherwise they don’t think we will have one.

Member: IMO- The main project all of us will have is how to use the money wisely.

Member: how long do we have to redeem or exchange???

Member: Mark has always said about 10 days to make appointments and 30 days or so to exchange.

Member: Should we be concerned about safety when we go to the bank to exchange?

Member: We are told Redeeming banks or redemption centers will have plenty of security. The best security we will have is to keep our mouths shut about our new wealth.

MZ: Dr. Scott Young will be with us tonight.

Member: Still Hoping for the best Christmas ever!

Member: Can you feel the excitement? Hope this happens by Christmas!

Member: Everyone enjoy your day. The best is yet to come

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

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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.

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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

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