Iraq News Highlights and Points to Ponder Saturday Afternoon 12-7-24
Is Iraq Affected Economically By The Current Events In Syria? Al-Sudani’s Advisor Explains
Money and business Economy News – Baghdad The Prime Minister's Advisor for Economic Affairs, Mazhar Mohammed Salih, confirmed the strength of the Iraqi economy, its financial flows and its trade relations, noting that this economy was not affected by the tensions taking place in the Syrian arena.
The Syrian economy is a sanctioned economy by countries such as the United States and some other European countries, and therefore all banking relations (for Iraq) with Syria are basically unavailable," Saleh said.
Is Iraq Affected Economically By The Current Events In Syria? Al-Sudani’s Advisor Explains
Money and business Economy News – Baghdad The Prime Minister's Advisor for Economic Affairs, Mazhar Mohammed Salih, confirmed the strength of the Iraqi economy, its financial flows and its trade relations, noting that this economy was not affected by the tensions taking place in the Syrian arena.
The Syrian economy is a sanctioned economy by countries such as the United States and some other European countries, and therefore all banking relations (for Iraq) with Syria are basically unavailable," Saleh said.
He explained that "trade with Syria is mostly border trade and consists of simple, natural civilian goods such as agricultural crops or something like that."
Limited" impact on border trade
Regarding the impact of the events in Syria on the exchange rate of the dollar in Iraq, Mazhar Muhammad Salih said that “the current events are in Syria and not in Iraq,” adding that “the problems in Syria may affect some of the simple border trade known, or which is civil or related to the tourism sector, and some simple problems and disturbances may occur, but they are not major disturbances.”
Coinciding with the advance of the Syrian armed opposition forces and their control over Syrian cities, the currency exchange markets in Baghdad witnessed, last Friday evening, a rise in the dollar exchange rate from 1495 dinars to 1510 dinars per dollar.
The Iraqi Prime Minister's advisor for economic affairs pointed out that "the Iraqi economy, by nature, has high cash flows from its oil trade and global trade with large trade sources, while the minor fluctuations that are taking place are nothing but colorful noise."
He explained that "the parallel markets usually benefit from any political event in neighboring countries, for example, to raise the price, and for speculators to benefit, so this is a temporary speculation that leads to very simple price disturbances, and has no relation to the Iraqi economy, and is called information markets, so what is happening in Syria at the present time will not affect the Iraqi economy, and our economy is completely isolated from the Syrian issue."
It is noteworthy that the volume of trade exchange between Iraq and Syria has exceeded the one billion dollar barrier, according to the head of the Iraqi-Syrian Business Council, Hassan Sheikh Zeini.
There are joint committees between the two countries looking for a mechanism for trade exchange away from the dollar, as Syria currently exchanges with the European currency, the euro, and the two countries may use the Russian ruble, the Japanese yen, the Chinese yuan, the Emirati dirham, or other currencies to sustain trade exchange between them, according to Sheikh Zini.
"Iraq is economically fortified"
Saleh stressed that "the country is immune and there is no fear for our trade because it is governed by the central policies of the state," noting that "Iraq obtains its budget from major oil revenues, which strengthen the banks' finances and finance Iraq's foreign trade, not the domestic market," adding that "the parallel market is a completely superficial market and does not indicate anything in reality about the Iraqi economy at the present time."
The Prime Minister's advisor for economic affairs stated that "the parallel market benefits from the neighboring unrest and does not pose any threat to the Iraqi economy and does not represent anything, and we are immune to what is happening in Syria," explaining that "the problems in Syria are not new to it and have existed since 2011, so there is no fear for the Iraqi economy, which is immune and neutral from the problems of others."
Saleh stressed that "our policies are disciplined, so what is happening in Syria does not affect the overall economic situation, and an increase in the exchange rate by one or two dollars could quickly return to its previous state, perhaps through a single statement."
He believed that "Iraq's economic situation is secure, its oil policies are calm, its trade relations with the outside world are going well, and its cash flows from cash revenues are good and beyond reproach, and thus the economic situation is stable."
89 views Added 12/07/2024 https://economy-news.net/content.php?id=50611
Baghdad.. Exchange Rates Record 152 Thousand Dinars Per Hundred Dollars
Money and business Economy News – Baghdad ]The dollar price witnessed a rise with the opening of the Al-Kifah and Al-Harithiya stock exchanges, recording 151,000 dinars for every 100 dollars.
The selling price in exchange shops in local markets in Baghdad was recorded at 152,000 dinars, while the buying price was 150,000 dinars for every 100 dollars. Views 61 Added 12/07/2024 - https://economy-news.net/content.php?id=50613
Morgan Stanley Raises Oil Price Forecast For H2 2025
Economy | Mawazine News – Baghdad Morgan Stanley raised its Brent crude price forecast for the second half of 2025 and said it now expects a smaller surplus in the oil market for the full year after the OPEC+ alliance of oil producers decided to delay and slow plans to increase output. The
bank raised its Brent price forecast for the second half of 2025 to $70 a barrel from $66-$68 a barrel in a December 5 forecast.
The OPEC+ alliance, which groups members of the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, on Thursday delayed the start of oil output increases by three months to April. The group said the cuts would be phased in until September 2026, nine months later than previously planned. https://www.mawazin.net/Details.aspx?jimare=257205
Escalating Events In Syria “Confuse” Iraqi Markets
Posted on2024-12-07 by Sotaliraq For several days, Iraqi markets have been facing a state of confusion due to the closure of the Iraqi-Syrian border against the backdrop of the rapid developments witnessed in the Syrian provinces and the continuous advance of the opposition forces and their control over large areas.
Iraq used to receive dozens of trucks loaded with Syrian export products daily, most notably agricultural products, in addition to household products, textiles, various food industries, oils, detergents and clothing, which now cover part of the needs of the Iraqi market. The
Baghdad government announced last Sunday the complete closure of the western international border adjacent to the Syrian side, considering Iraq's security to be one of the most important priorities, and any threat that could affect the country's territory and sovereignty will be confronted.
Prime Minister Mohammed Shia al-Sudani stressed, during an emergency meeting of the Iraqi National Security Ministerial Council, the importance of tightening the measures taken to secure the international border with Syria.
In turn, Deputy Commander of Joint Operations Qais al-Muhammadawi said in press statements that the Iraqi border is completely closed, noting that the Iraqi forces are committed to the Prime Minister's orders regarding protecting the security and safety of the country's borders.
This caused confusion in the Iraqi local market, which relies on Syrian agricultural and industrial products for many of its imports.
Traders and businessmen demanded the reopening of border crossings for shipments to enter or exit between the two countries, stressing the importance of controlling and securing official border crossings and allowing the entry and exit of goods to avoid the economic damage that this closure will cause.
Economic researcher Ali Al-Amiri said that closing the border could result in tangible economic damage to the Iraqi economy, because economic relations between the two countries depend largely on the exchange of goods and products, especially daily consumer goods, and the cessation of this exchange leads to direct and indirect effects.
Al-Amiri added that Iraq imports a variety of goods from Syria, including agricultural products, such as vegetables and fruits, industrial products and food, and closing the border will lead to a shortage of these products in Iraqi markets, which may raise their prices and increase inflation.
He stated that the border roads between the two countries represent a major land transport corridor, and the movement of trucks will be disrupted, which will negatively affect the transport sector and push shipping companies to look for alternative routes at higher costs, especially since 70% of Syrian exports are agricultural products, the quantities of which exported to Iraq, according to the latest data, amounted to about 350 thousand tons annually.
The economic researcher explained that Syrian products are cheaper compared to their counterparts imported from other countries, and therefore their absence will lead to increased reliance on more expensive imports from other countries, which will worsen the living conditions of the Iraqi citizen.
Al-Amiri pointed out that these effects will consequently be reflected in cash flow and the rise in the value of the dollar against the dinar, due to the increased demand for the dollar and the increased need for foreign currencies to cover imports.
He stressed that the increased need for foreign currencies increases pressure on the exchange rate of the dinar against the dollar, in addition to the increase in transportation costs, as traders are forced to look for alternatives through other ports or land routes, which raises import costs that are usually paid in dollars.
For his part, Majid Muzan, a member of the Federation of Iraqi Chambers of Commerce, said that trade exchange between Iraq and Syria includes various goods, most notably food and semi-finished goods, stressing that Iraq's trade with its surroundings is in the interest of neighboring countries due to the weakness of local industry.
Muzan added that the events taking place in Syria have negatively affected the Iraqi market, and their results have become negative for the local Iraqi economy, because Syria is considered a vital country in the region and possesses the industrial raw materials that Iraq needs.
According to the member of the Federation of Iraqi Chambers of Commerce, Aleppo is considered the capital of trade and industry in the region and a center for the most important manufacturing, paper, craft and plastic industries, stressing that the continuation of events in Syria will push traders to head to alternative markets in neighboring countries represented by Turkey and Iran.
Muzan criticized the weakness of local production and complete reliance on imports from outside Iraq, stressing the importance of developing and supporting local industries and opening industrial projects represented by manufacturing and plastic industries in order to protect the Iraqi economy from being affected by any regional events.
According to an official source in the Syrian regime government earlier, the volume of Syrian exports exceeded the 500 million euro barrier in the first six months of 2024, noting that most of the exports to Iraq are food commodities. Baghdad relies on imports from various countries around the world to meet the needs of local markets.
Iraq ranked first as the largest destination for Syrian exports in 2020, and subsequent data in 2021 showed a significant increase in Syrian exports to Iraq, as the value of exports exceeded 79 million euros in the first seven months of the same year. LINK
Al-Sudani's Advisor: Iraq's Economy Will Not Be Affected By Current Events In Syria
Saturday,07-12-2024,AM 10:21 Taisir Al-Asadi
The Iraqi Prime Minister's Advisor for Economic Affairs, Mazhar Mohammed Salih, confirmed the strength of the Iraqi economy, its financial flows and its trade relations, noting that this economy has not been affected by the tensions taking place in the Syrian arena.
Mazhar Muhammad Salih told Rudaw Media Network, "The Syrian economy is an economy sanctioned by countries, such as the United States and some other European countries, and therefore all banking relations (of Iraq) with Syria are basically unavailable."
He explained that "trade with Syria is mostly border trade and consists of simple, natural civilian goods such as agricultural crops or something like that."
"Limited" impact on border trade
Regarding the impact of the events in Syria on the exchange rate of the dollar in Iraq, Mazhar Muhammad Salih said that “the current events are in Syria and not in Iraq,” adding that “the problems in Syria may affect some of the simple border trade known, or which is civil or related to the tourism sector, and some simple problems and disturbances may occur, but they are not major disturbances.”
Coinciding with the advance of the Syrian armed opposition forces and their control over Syrian cities, the currency exchange markets in Baghdad witnessed, last Friday evening, a rise in the dollar exchange rate from 1495 dinars to 1510 dinars per dollar.
The Iraqi Prime Minister's advisor for economic affairs pointed out that "the Iraqi economy, by nature, has high cash flows from its oil trade and global trade with large trade sources, while the minor fluctuations that are taking place are nothing but colorful noise."
He explained that "the parallel markets usually benefit from any political event in neighboring countries, for example, to raise the price, and for speculators to benefit, so this is a temporary speculation that leads to very simple price disturbances, and has no relation to the Iraqi economy, and is called information markets, so what is happening in Syria at the present time will not affect the Iraqi economy, and our economy is completely isolated from the Syrian issue."
It is noteworthy that the volume of trade exchange between Iraq and Syria has exceeded the one billion dollar barrier, according to the head of the Iraqi-Syrian Business Council, Hassan Sheikh Zeini.
There are joint committees between the two countries looking for a mechanism for trade exchange away from the dollar, as Syria currently exchanges with the European currency, the euro, and the two countries may use the Russian ruble, the Japanese yen, the Chinese yuan, the Emirati dirham, or other currencies to sustain trade exchange between them, according to Sheikh Zini.
"Iraq is economically fortified"
Mazhar Mohammed Saleh stressed that "the country is immune and there is no fear for our trade because it is governed by the central policies of the state," noting that "Iraq obtains its budget from major oil revenues, which strengthen the banks' finances and finance Iraq's foreign trade, not the domestic market," adding that "the parallel market is a completely superficial market and does not indicate anything in reality about the Iraqi economy at the present time."
The Iraqi Prime Minister's advisor for economic affairs stated that "the parallel market benefits from the neighboring unrest and does not pose any threat to the Iraqi economy and does not represent anything, and we are immune to what is happening in Syria," explaining that "the problems in Syria are not new to it and have existed since 2011, so there is no fear for the Iraqi economy, which is immune and neutral from the problems of others."
Mazhar Mohammed Saleh stressed that "our policies are disciplined, so what is happening in Syria does not affect the overall economic situation, and an increase in the exchange rate by one or two dollars could quickly return to its previous state, perhaps through a single statement."
He believed that "Iraq's economic situation is secure, its oil policies are calm, its trade relations with the outside world are going well, and its cash flows from cash revenues are good and beyond reproach, and thus the economic situation is stable." https://non14.net/public/172643
Suze Orman: 3 Things You Should Never Do When Buying Gifts This Holiday Season
Suze Orman: 3 Things You Should Never Do When Buying Gifts This Holiday Season
Gabrielle Olya Sat, December 7, 2024 GOBankingRates
The holiday shopping season tends to be an expensive one. This year, the average American plans to spend around $528 on holiday gifts — an amount that could be budget-blowing for some. As many Americans are prepared to spend hundreds of dollars on gifts, money expert Suze Orman is cautioning against going financially overboard.
“Are you going to give yourself the best possible holiday gift this year? … I am talking about not overspending on gifts — when you spend more than you can afford out of a sense of love or obligation,” Orman wrote in a recent blog post
Suze Orman: 3 Things You Should Never Do When Buying Gifts This Holiday Season
Gabrielle Olya Sat, December 7, 2024 GOBankingRates
The holiday shopping season tends to be an expensive one. This year, the average American plans to spend around $528 on holiday gifts — an amount that could be budget-blowing for some. As many Americans are prepared to spend hundreds of dollars on gifts, money expert Suze Orman is cautioning against going financially overboard.
“Are you going to give yourself the best possible holiday gift this year? … I am talking about not overspending on gifts — when you spend more than you can afford out of a sense of love or obligation,” Orman wrote in a recent blog post.
“Stop it, right now,” she continued. “You need to put yourself in the equation. I want to remind you of one of my guiding principles: True generosity is when a gift is as kind to the giver as the recipient.”
With this in mind, Orman shared three things you should not do when buying gifts this holiday season.
Charging Gifts You Can’t Afford on a Credit Card
Buying gifts with a credit card can allow you to earn cash back or points, but it’s never a good idea to do so if you won’t be able to pay the balance in full.
“The average interest rate on credit cards right now is more than 22%,” Orman wrote. “That is painful just to write. It is insanely difficult — on top of expensive — to owe that much on an unpaid credit card balance.”
Using Buy Now, Pay Later
Americans are predicted to spend a record $18.5 billion using third-party buy now, pay later (BNPL) services for holiday purchases — an 11.4% increase from last year’s holiday season, according to Adobe Analytics. While using BNPL may be more popular than ever, Orman cautioned against utilizing these services.
“It’s common now when you arrive at the e-checkout for an online purchase to be offered what seems like such a nice deal: you don’t have to pay the full amount but can chunk it out into four interest-free payments,” Orman wrote. “I get the allure of these BNPL offers, but I think they can be dangerous traps.
TO READ MORE: https://www.yahoo.com/finance/news/suze-orman-3-things-never-150009012.html
Seeds of Wisdom RV and Economic Updates Saturday Afternoon 12-07-24
Good Afternoon Dinar Recaps,
THE QUANTUM FINANCIAL SYSTEM'S NETWORK — ISO 20022 COMPLIANT COINS
▪️Ripple XRP
Institutional coins, network of smart contracts, removes 3rd party verification, reduces fraud and illegal activities.
The digital currency, XRP, acts as a bridge currency to other currencies. It does not discriminate between any fiat/cryptocurrency, which makes it easy for any currency to be exchanged for another. It is scalable. XRP Provides Global Liquidity, backed by gold, part of the ISO20022 ecosystem.
Good Afternoon Dinar Recaps,
THE QUANTUM FINANCIAL SYSTEM'S NETWORK — ISO 20022 COMPLIANT COINS
▪️Ripple XRP
Institutional coins, network of smart contracts, removes 3rd party verification, reduces fraud and illegal activities.
The digital currency, XRP, acts as a bridge currency to other currencies. It does not discriminate between any fiat/cryptocurrency, which makes it easy for any currency to be exchanged for another. It is scalable. XRP Provides Global Liquidity, backed by gold, part of the ISO20022 ecosystem.
ISO20022 is a worldwide industry standard that has been brought in to regulate the interchange of electronic data between financial institutions.
Ripple works on an open-source and peer-to-peer decentralized platform that helps in easily transferring various forms of fiat money, be it pound, dollars or rupees, or cryptocurrencies, like Ether or Bitcoin.
Its services included being a medium of exchange, international payment settlement and remittance system.
XRP is the digital asset native to the Ripple system. It is touted as being easy to use with almost free, instant transactions. Ripple is built upon distributed open source protocol, a consensus ledger and the aforementioned digital asset known as XRP.
Built for enterprise use, XRP enables real-time global payments anywhere in the world. XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments and has been increasingly adopted by banks and payment networks as settlement infrastructure technology.
▪️Stellar XLM
Digital Currency backed by Silver, part of the ISO20022 ecosystem.
XLM/Stellar Network: the people’s coin, people can create/send/trade all forms of money (fiat and digital), undeveloped nations. Partnered with VISA and MoneyGram.
Stellar is a cryptocurrency and open source protocol for value exchange founded in early 2014 with a similar structure to that of the competing blockchain solution, XRP. Stellar claims to be platform that connects banks, payments systems, and people.
Stellar aims to achieve this through its completely decentralized consensus platform. It is designed to support any type of currency and has a built in decentralized exchange that can be used to trade any type of currency or asset.
The Stellar ledger records all the balances and transactions belonging to every account on the network. A complete copy of the Stellar ledger is then hosted on each server that runs the open source Stellar software. These servers form the decentralized Stellar network. To verify the network these servers then sync and validate the ledger through process known as consensus.
▪️Quant QNT
Quant is a versatile plug-and-play solution connecting different blockchains and enterprise software without requiring new infrastructure.
Using distributed ledger technology (DLT) and APIs through the Overledger API gateway, it enables seamless communication between blockchains.
Quant also supports multi-ledger tokens (MLTs) backed by fiat funds held in escrow, serving entities like central banks, banks, fintechs, payment systems, and marketplaces.
These MLTs function as stablecoins, vouchers, loyalty points, and eMoney, facilitating fast and transparent cross-border bank payments.
The union of Quant (QNT) and the ISO 20022 standard signifies a groundbreaking alliance within the Quantum Financial System.
Quant, focused on blockchain interoperability, integrates ISO 20022's universal financial messaging standard to enhance connectivity between diverse networks.
By adhering to ISO 20022, Quant aims for standardized, efficient, and secure transactions, propelling faster speeds, reduced costs, and improved transparency. Moreover, this integration represents a vital step toward leveraging quantum computing in finance.
While promising, challenges like widespread adoption and regulatory alignment must be addressed.
Yet, the amalgamation of Quant QNT with ISO 20022 paints a future where quantum technology and interoperability revolutionize finance.
▪️ XDC/ XinFin Network
Digital Currency backed by Copper, part of the ISO20022 ecosystem.
Fintech coin (VISA/MC), partnered with Flare Network/DeFi (decentralized finance) = bridge between institutional and retail.
XinFin is a Blockchain technology company focused on international trade and finance.
We have developed a highly scalable, secure, permissioned and commercial grade Blockchain architecture.
XinFin blockchain is powered by XDC01 protocol, which is built over the first of its kind Hybrid Blockchain architecture to eliminate the inefficiencies in global trade and financing and to enable institutions provide real time settlement as well as enabling cross border smart contracts.
With an aim to bridge the global infrastructural deficit with their open source marketing platform - TradeFinex, XinFin has created a seamless platform for financiers, suppliers and beneficiaries across industries worldwide.
The primary goal of XinFin is efficiently facilitate capital deployment and minimize pressure on the infrastructural deficit by enabling a peer to peer trade and financing between governments, corporates, communities and suppliers.
They use blockchain and IoT to enable the transaction of community driven digital asset.
▪️Algorand ALGO
Digital Currency backed by precious metal Palladium, part of the ISO20022 ecosystem.
Algorand is an open source, pure proof of stake blockchain protocol.
It requires a negligible amount of computation, and generates a transaction history with low “fork” probability.
This protocol aims to remove technological barriers: decentralization, scalability, and security, that have undermined the acceptance of mainstream blockchain.
Algorand implements a new Byzantine Agreement (BA) protocol to reach consensus among users on the next set of transactions.
To scale the consensus to many users, Algorand uses a novel mechanism based on Verifiable Random Functions. There are two types of smart contracts on the Algorand network:
Layer 1 on-chain, and Layer 2 off-chain, by moving the most computationally intensive smart contracts off-chain, Algorand frees up space on the network for simple transactions, thus reducing congestion to improve processing speed.
▪️Iota MIOTA
Digital Currency backed by precious metal Iridium, part of the ISO20022 ecosystem.
IOTA is an open source, public distributed ledger that is used for providing secure payments and communications between devices on the “Internet of things.
The IOTA ledger stores transactions in a directed acyclic graph structure, called a Tangle.
The Tangle is used instead of the blockchain structure commonly seen in other cryptocurrencies, such as Bitcoin.
This tangle structure is part of what enables IOTA to keep its transactions free, regardless of the size, In addition the confirmations are almost instant and the systems capability is unlimited.
▪️Hedera HBAR
The integration of Hedera HBAR into the ISO 20022 framework within the Quantum Financial System (QFS) marks a significant stride in the evolution of finance.
Hedera Hashgraph's unique consensus algorithm, combined with the standardized messaging of ISO 20022, promises several advantages.
This integration facilitates: Interoperability, Security, Efficiency, Transparency and Auditability, Global Adoption.
These tokens are mainly utilized to power decentralized applications to protect the network from malicious attacks and for paying network services.
While promising, challenges such as regulatory compliance and market acceptance remain.
Nonetheless, this integration paves the way for a more efficient, transparent, and globally accessible financial landscape.
▪️Cardano ADA
Cardano (ADA) is a third-generation blockchain platform built to address the limitations of earlier blockchain systems like scalability, interoperability, and sustainability.
Developed with a strong emphasis on academic research and peer-reviewed protocols, Cardano is known for its innovative approach to decentralization and energy efficiency through its Ouroboros proof-of-stake (PoS) consensus mechanism.
As one of the few cryptocurrencies aligned with the ISO 20022 messaging standard, Cardano is uniquely positioned to integrate seamlessly into the evolving global financial system.
This makes ADA particularly appealing for use cases like cross-border payments, remittances, and other financial services requiring high levels of interoperability and regulatory compatibility.
@ Newshounds News™
Source: https://qfs.live/
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END OF CRYPTO CRACKDOWNS? LAWMAKER SAYS 'REGULATION BY ENFORCEMENT IS OVER'
A top lawmaker says the U.S. is shifting from “regulation by enforcement” to clear oversight, with new leadership poised to boost cryptocurrency and AI innovation.
A New Era for Crypto and AI Regulation
U.S. House Financial Services Committee Chairman Patrick McHenry has highlighted progress in crypto regulation, focusing on new leadership roles and the evolving oversight of cryptocurrencies and artificial intelligence (AI). In a post on social media platform X Friday, McHenry praised the creation of a “crypto and AI czar” as a major development.
“The mere fact that the U.S. now has a crypto and AI ‘czar’ reflects the impact of the Financial Services Committee,” he claimed, emphasizing:
The era of regulation by enforcement is over.
“With folks like David Sacks and Paul Atkins, the future of the digital asset ecosystem in the U.S. is brighter than ever,”the congressman added. “Paul Atkins has the expertise and experience needed to restore faith in the SEC. I’m confident his leadership will lead to clarity for the digital asset ecosystem and ensure U.S. capital markets remain the envy of the world,” the congressman continued.
President-elect Donald Trump recently announced two significant appointments: David Sacks as the White House AI and Cryptocurrency Czar, and Paul Atkins as Chair of the Securities and Exchange Commission (SEC), replacing Chair Gary Gensler.
Sacks, a venture capitalist and former Paypal executive, is tasked with developing a legal framework to bolster the U.S. crypto industry and ensure global competitiveness in artificial intelligence.
Atkins, a former SEC commissioner known for his pro-crypto stance, is expected to shift the agency’s approach towards more lenient regulations, potentially easing enforcement actions against digital asset firms.
These appointments signal the incoming administration’s intent to foster innovation in emerging technologies while reconsidering existing regulatory measures.
McHenry has announced he will retire from Congress at the end of his current term, which concludes in January 2025. As Chairman of the House Financial Services Committee, he has been a leading advocate for clear regulatory frameworks in the digital asset sector.
His comments come amid growing calls for a balanced regulatory approach that fosters innovation while ensuring investor protection. Industry observers have long criticized “regulation by enforcement” for creating uncertainty and stifling growth, making this transition a welcomed change for stakeholders.
The new focus on leadership and structured policies marks a pivotal moment for U.S. cryptocurrency and AI development, with advocates anticipating a more supportive environment for innovation.
@ Newshounds News™
Source: Bitcoin News
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GET READY FOR NESARA GESARA WITH THESE 5 ESSENTIAL QSI TOOLS! Youtube
QUANTUM FUTURE WITH THE QFS
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
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Thank you Dinar Recaps
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News, Rumors and Opinions Saturday 12-7-2024
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 Sat. 7 Dec. 2024
Compiled Sat. 7 Dec. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
At any moment Tiers 3 and 4a/b (including the Internet Group) were expected to receive notifications to schedule redemption appointments. Bondholders in Tiers 1 and 2 have already (allegedly) received their funds, but are under NDAs. …Gitmo TV on Telegram Tues. 3 Dec. 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 Sat. 7 Dec. 2024
Compiled Sat. 7 Dec. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
At any moment Tiers 3 and 4a/b (including the Internet Group) were expected to receive notifications to schedule redemption appointments. Bondholders in Tiers 1 and 2 have already (allegedly) received their funds, but are under NDAs. …Gitmo TV on Telegram Tues. 3 Dec. 2024
On Fri. 6 Dec. 2024 Iraq has (allegedly) passed their HCL Law and it (allegedly) goes into the Gazette in time for the weekend. This means RV! The US Debt Clock gave us a date of Sun. 8 Dec. 2024 just after 9PM (central time). Right after 9:30 PM it gave another message “Revalue Your Thinking.”
Thurs. 5 Dec. 2024 Gingers Liberty Lounge on Telegram: A Report from Jim Willie, stated that an Iraqi citizen he knows has redeemed his currency at the new international rate. Family, this is expected that Iraqi national citizens would have time initially to exchange before the rest of the world’s IQD holders will exchange. This also happened in Kuwait all those years ago with Kuwaiti Dinar RI/RV. Fabulous!
Thurs. 5 Dec. 2024 Bruce: Sources were saying that Tier4b will start this weekend. On Wed. 4 Dec. the screens received new rates for 19 currencies that will move up in value and others that will go down in value. We have been told that the president had to be out of the country in order for this to happen.
Fri. 6 Dec. 2024 TNT Intel Summary: Bank meetings today to discuss final aspects of RV. Three Letter Agencies say “IT’S DONE.” US and Canada (allegedly) started paying VIPs on Wednesday, Thursday, and today. The Iraqi dinar is (allegedly) being paid at $3.49 right now. 800 numbers will be (allegedly) given out tomorrow Sat. 7 Dec. morning at 8:00 am. There will (allegedly) be no 800 numbers in Canada.
Global Financial Crisis:
Fri. 6 Dec. 2024: Breaking: Another Bank Outage Has Just Left Millions Of Americans Without Money! Epic Economist Video – amg-news.com – American Media Group
Fri. 6 Dec. 2024 Another Bank Outage Has Just Left Millions Of Americans Without Money! The catastrophic collapse of Synapse Bank has left millions of Americans penniless! With regulators shrugging off responsibility, over $300 million in deposits have vanished, exposing the dark side of fintech. Trust in the U.S. banking system is crumbling—can it survive? Read the full exposé now! https://amg-news.com/breaking-another-bank-outage-has-just-left-millions-of-americans-without-money-epic-economist-video/
Read full post here: https://dinarchronicles.com/2024/12/07/restored-republic-via-a-gcr-update-as-of-december-7-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Just because you see all the evidence that the monetary reform is already here it doesn't mean that it has to be given to them right now...If you have 95% of the skeleton, that's a lot of information. You can tell if it's a man or a woman...how high they're going to be. You can tell a lot. That's why you can tell a lot about the monetary reform right now because it's 95% completed...What's the 5%? That's what they're doing right now.
Bruce [via WiserNow] There's a flash drive that was sent out for five institutions, three banks and two redemption centers in one case, and those were installed on laptops, and they're using laptops in the redemption centers and the bank...it's a release activation mechanism... like a release activation code key...they are designed to receive a signal in some form of protocol, let's call it - timeline activated - through the Starlink satellite system...So it would be wirelessly activated through Starlink to activate with the codes that are installed to begin what it is we're waiting for...two resources, last night, two more today are saying...that we will start this weekend.
The Next Black Swan? Expert Warns of an Economic Crisis that Could Strike Without Warning
Daniela Cambone: 12-6-2024
I think we are at peak dollar... But it’s not something that’s going to happen overnight; it will take decades to unfold,” says Clive Thompson, retired managing director of Union Bancaire Privée in Switzerland.
In an interview with Daniela Cambone, Thompson delves into the dangers of the insurmountable debt burden facing the U.S. economy. “The real debt will be more than double what it is today. And the interest being paid on that debt is probably going to be four or five times what it is today,” he warns, painting a sobering picture of the future.
Thompson also sheds light on the growing crises in Europe, highlighting the fragile state of the eurozone. “If the euro collapses, every country will start pulling in its own direction. It will be chaos.”
Watch the interview now to gain insights into Clive Thompson's perspective and learn how to navigate these turbulent times.
CHAPTERS:
00:00 Insurmountable U.S. debt
12:33 Stock market crashes in history
14:30 U.S. dollar
16:40 European policial chaos
20:39 Gold
26:26 Bitcoin
28:10 Gold performance
29:15 Banking system
Weekend Chat With MarkZ 12-7-2024
Weekend Chat 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
Mod: HAPPY SATURDAY! GOOD MORNING TO ALL! CBD MATT AND LUCAS KICK OFF THE FIRST 45 MINS AND MARK GIVES THE NEWS UPDATE AT 10:30 AM
Member: Today is Pearl Harbor Day...
Member: Good Morning! Is this going to be a magical weekend!
Weekend Chat 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
Mod: HAPPY SATURDAY! GOOD MORNING TO ALL! CBD MATT AND LUCAS KICK OFF THE FIRST 45 MINS AND MARK GIVES THE NEWS UPDATE AT 10:30 AM
Member: Today is Pearl Harbor Day...
Member: Good Morning! Is this going to be a magical weekend!
Member: Raining on west coast today. Hope it starts raining money in the Middle East today. lol
MZ: Still very quiet on the Historical bond side.
Member: I totally believe they will go the same time we do……shotgun start. Poor bond holders have been cried “wolf” far too much.
MZ: A number of my contacts from Iraq that very much believe we will cross the finish line in the next 3 days.
MZ: We have seen tremendous HCL movement in Iraq. There are many rumors that it has already passed. But I can tell you it was not in the Gazette this morning. But the mood is very upbeat in Iraq. There are a number of folks looking at the next 3 days and we are hopeful and praying.
MZ: In the Islamic world they tend to tell you about things….after it is finished. So HCL could be done….just not announced
MZ: Vietnams Trade surplus has strengthened and they will be pushed to increase the value of their currency. Their currency just isn’t strong enough which allows them an unfair advantage in international trade.
MZ: “Vietnams soaring US trade surplus stokes new fears of Trump’s tariffs” Will they scale back in trade of will they “raise the value” of the dong in comparison with the dollar? Leveling the playing field. They are actively talking about raising the value of their currency.
Member: is there a chance of the Iraq Gazette doing a “special edition”
MZ: They could. They have in the past when there have been big laws settled ect…..
Member: What is the significance of the 10th and the RV?
Member: That is Victory Day in Iraq . Sudani supposedly wanted the monetary reforms done by then
Member: "Victory Day" is next Tuesday, the end of ISIS back in 2017
MZ: “Iraq participates in a ministerial meeting of the gas exporting countries forum” Why is this important? They are now joining countries that exports gas. This is a whole new market that has the potential to be as big as their oil industry. This helps them increase the value of their currency.
MZ: “ An expert identifies the damages of not submitting the final account of the budget” they have laws stating they have to do a proper budget. Unlike here in the Us where we have not had a budget since 2007.
Member: Come on Iraq….Just do it.
Member: Rumor has it. NESARA will be announced on the 8th. U.S. debt click said. REEVALUATE YOUR THINKING
Member: If something happen with the rv between now and Monday morning… will you come on?
Member: Mark has always said he will come back on and tell us instantly when the RV happens….no matter what time or what day it is.
Member: I feel we are close to the end, have never seen so much come together as in all the yrs I’ve been in this RV.
Member: I hope everyone has a Wonderful weekend!
Member: Remember Saturday nights are supposed to be the best time to reset currencies….Praying this is the one we are waiting for!! God bless us every one.
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 NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
Iraq Economic News and Points to Ponder Saturday AM 12-7-24
Economic: The Parallel Market Sells The Dollar At A Price Not Subject To Government Control
December 6 14:44 Information / Baghdad... Economic affairs researcher Diaa Abdul Karim said on Friday that the Iraqi parallel market sells the dollar to citizens at a price that is not subject to state control, pointing out that the absence of control will create a crisis with any tension that the country may go through. Abdel Karim told Al-Maalouma,
“There is silence from the government regarding the parallel market and the price at which the dollar is sold to citizens, and this silence will generate a real crisis within the market if the country goes through any emergency circumstances or tensions that may occur in the coming days.”
Economic: The Parallel Market Sells The Dollar At A Price Not Subject To Government Control
December 6 14:44 Information / Baghdad... Economic affairs researcher Diaa Abdul Karim said on Friday that the Iraqi parallel market sells the dollar to citizens at a price that is not subject to state control, pointing out that the absence of control will create a crisis with any tension that the country may go through. Abdel Karim told Al-Maalouma,
“There is silence from the government regarding the parallel market and the price at which the dollar is sold to citizens, and this silence will generate a real crisis within the market if the country goes through any emergency circumstances or tensions that may occur in the coming days.”
He added, "Most people heading to the parallel market want to obtain the dollar for
urgent travel purposes, or to urgently
purchase medicine from abroad, or for the purpose of
purchasing cars from approved showrooms." He stated that "the government can open a window in government banks that allows the citizen to obtain the dollar for the purpose of buying a car, or give him a check for the amount to be disbursed after signing the purchase contract officially and certified by the Traffic Department, in order to avoid the corruption that occurs in the buying and selling of the dollar."
https://almaalomah.me/news/84633/economy/اقتصادي:-السوق-الموازي-يبيع-الدولار-بسعر-غير-خاضع-لسيطرة-الح
Parliamentary Integrity accuses a former employee of the Iraqi Central Bank of being behind the US sanctions
politics breaking 2024-12-01 Shafaq News/ On Sunday, the Parliamentary Integrity Committee accused a former employee of the Central Bank of being behind the banking sanctions imposed on some Iraqi banks by the US Federal Bank.
The number of sanctioned banks is 32 out of 72 banks operating in Iraq.
Member of the Parliamentary Integrity Committee, Vian Dakhil, said in a statement received by Shafaq News Agency, that
a former employee of the Central Bank hid the emails received by the Federal Bank, JP Morgan, and Citibank to inquire about some topics related to the bank’s work. She added that failure to answer these issues caused some banks to be punished, stressing that most banks do not know the reason for the sanctions against them.
On the other hand, economic expert, Mustafa Akram Hantoush, told Shafaq News Agency that the
statements of members of the Parliamentary Integrity Committee are closer to reality than the statements of the Central Bank of Iraq.
He added that the collapse of the Iraqi banking system and the punishment of 32 Iraqi banks without a clear charge during a period of (a year and a half) is not normal, and in terms of banking, this may be the first incident of this kind in the world. Hantoush noted that what is worse is the lack of serious solutions by the Central Bank of Iraq to this situation, but rather the
move towards canceling the (Fitr) platform at the end of 2024 and
handing over the dollar file to banks affiliated with investors and foreign banks (Jordanian and Gulf). Hantoush wondered:
Does the Central Bank of Iraq know that by not finding solutions for the Iraqi banking sector,
it will fire the coup de grace on the entire Iraqi banking system and become punished as a whole,
which will lay off nearly 100,000 workers in the Iraqi private banking sector for the benefit of Jordan and the Gulf countries? And
why is it not guaranteed?
Iraqi banks are required to open an account in correspondent banks in dollars (Citibank/GBMorgan), as the countries of the region have done. He continued,
“Why has the cooperation and auditing mechanism not yet been identified and announced with Ernst & Young regarding transfers in currencies other than the dollar?”
https://shafaq.com/ar/سیاسة/النزاهة-النيابية-تتهم-موظفا-سابقا-بالبنك-المركزي-بالوقوف-ورا-العقوبات-الامريكية-على-المصارف-العراقية
Iraq Today Is More Secure, Stable And Open: UN Iraq
Iraq IraqiNews December 6, 2024 Baghdad (IraqiNews.com) – Iraq, which has so far escaped being drawn into the escalating Middle East conflict, has seen positive improvements in recent months, but
corruption and other challenges still exist, the country’s new UN Special Representative told the UN Security Council.
“Iraq today is more secure, stable and open, despite the many obstacles facing the country,” said Mohamed Al Hassan, Iraq’s new UN Special Representative.
Iraq “is capable of overcoming crises and facing challenges towards forging a more secure, bright, and hopeful future,” according to the the envoy, who also serves as the head of the UN Assistance Mission in Iraq (UNAMI).
“Today’s Iraq is not the same as the Iraq of 20 years ago, or even five years ago,” added Al Hassan.
Al Hassan praised Prime Minister Mohammed Shia Al-Sudani’s efforts on behalf of the Iraqi government particularly with regional conflicts in the Middle East.
“Iraq’s government has shown strong resolve to keep the country out of the widening regional conflict, while standing firm as a strong voice for regional peace and stability,” said Al Hassan.
Furthermore, the UN special representative commended Baghdad’s push for major infrastructure projects throughout the country, including building roads, bridges, schools and transportation networks. https://www.iraqinews.com/iraq/iraq-today-is-more-secure-stable-and-open-un-iraq/
The Governor Of The Central Bank Chairs A Meeting Of The Rafidain Bank Restructuring Project Committee
December 05, 2024 His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired an expanded meeting to discuss the Rafidain Bank restructuring project.
While the committee for this project included
Mr. Undersecretary of the Iraqi Ministry of Finance, Rebaz Muhammad Abdullah,
officials of the Central Bank of Iraq, the
State Advisor to the Prime Minister, the
head of the World Bank mission in Iraq, and a
representative of Rafidain Bank, as well as
members of Ernst & Young as an expert auditor and consultant in the structuring process.
The Regional Director of the World Bank in Iraq, Mr. Emmanuel Salinas, explained the reality of working on this project, in which he presented the opportunities available within the banking work environment in Iraq and the mechanism for developing the structuring plan in its operational and financial aspects.
Meanwhile, Mr. Firas Kilani, an expert in the structuring project from Ernst & Young, explained that
the project has
progressed very significantly since its start in September of 2024 and has
currently reached 74%.
The next phase of the scope of work will be completed at the end of this month, and the
transition to the phase advanced in this project.
While His Excellency the Governor confirmed that the support of the Prime Minister of Iraq in this aspect positively accelerated the progress of the project, to reach important stages in the structuring and development process in the Rafidain Bank.
Central Bank of Iraq Media Office https://cbi.iq/news/view/2728
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Saturday Morning 12-07-24
Good Morning Dinar Recaps,
FORMER NY FED PRESIDENT ARGUES BITCOIN COULD UNDERMINE USD, SUGGESTS PRIORITIZING REGULATORY FRAMEWORK
Bitcoin has recently surged past $100,000 following Donald Trump‘s election victory. Amidst broader market sentiments, the crypto community eagerly anticipates that Trump administration will prove to be pro-crypto and will stand behind his promise of a strategic BTC reserve for the United States.
Advocates believe it could serve as a hedge against inflation and a diversification tool in portfolios. However, Bill Dudley, former president of the Federal Reserve Bank of New York, has criticized Bitcoin’s role as money, describing its volatility and lack of income generation as its shortcomings.
Good Morning Dinar Recaps,
FORMER NY FED PRESIDENT ARGUES BITCOIN COULD UNDERMINE USD, SUGGESTS PRIORITIZING REGULATORY FRAMEWORK
Bitcoin has recently surged past $100,000 following Donald Trump‘s election victory. Amidst broader market sentiments, the crypto community eagerly anticipates that Trump administration will prove to be pro-crypto and will stand behind his promise of a strategic BTC reserve for the United States.
Advocates believe it could serve as a hedge against inflation and a diversification tool in portfolios. However, Bill Dudley, former president of the Federal Reserve Bank of New York, has criticized Bitcoin’s role as money, describing its volatility and lack of income generation as its shortcomings.
As per a latest Bloomberg report, Bill Dudley, former president of the Federal Reserve Bank of New York, has expressed concerns over the idea of incorporating Bitcoin into the U.S. national reserves and argues that it would not benefit most Americans. He emphasized that such a move might not align with the nation’s best interests and could divert focus from more inclusive economic policies.
Can Bitcoin Undermine USD’s Status?
He noted that incorporating Bitcoin into the US national reserves could undermine the dollar’s status as the global reserve currency and primarily benefit specific interest groups rather than the broader American public.
Notably, Bill Dudley stated that Bitcoin is a weak asset, noting reasons such as price volatility, lack of widespread acceptance as payment, and slow and expensive transaction processes that make BTC a weak asset.
He also noted the risk of individuals losing access to their Bitcoin holdings and that, unlike traditional financial assets, Bitcoin does not generate income through interest or dividends. “Bitcoin is not connected to any cash flows like interest or dividends, and its price is driven purely by speculative demand,” he explained.
The former Fed chair also noted that the absence of an exit strategy for a Bitcoin reserve would make it a liability. “The government would end up holding tokens that produce no income, offering no real value to the majority of Americans,” he said.
Suggests To Focus On Comprehensive Regulations-
Notably, Dudley argued that creating a Bitcoin reserve for the U.S. would require the Treasury to increase borrowing, raising debt servicing costs or requiring the Fed to print more money, ultimately fueling inflation.
Instead of focusing on Bitcoin as a reserve asset, Dudley has called for the Trump administration to prioritize creating a robust regulatory framework for the crypto industry.
He stressed the need for clear rules to protect consumers, regulate stablecoins, and prevent the use of cryptocurrencies in criminal activities. “Crypto technology has the potential to improve the financial system,” Dudley noted. “However, without strong guardrails, fraud and abuse will continue to undermine trust and hinder progress.”
Market Optimism Prevails
Nevertheless, there is market optimism amidst expectations of a more crypto-friendly administration. Also, the nomination of digital asset-friendly Paul Atkins to chair the SEC provided the final boost as bitcoin surpassed $100,000 to record highs.
Recently, Trump nominated venture capitalist David Sacks as the White House AI & Crypto Czar, who is expected to push Trump’s crypto and AI pro-innovation plans forward.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
GARY GENSLER QUIETLY SETS AGGRESSIVE CRYPTO CRACKDOWN IN MOTION BEFORE LEAVING, WARNS FORMER SEC OFFICIAL
SEC Chair Gary Gensler is orchestrating a last-minute push to cement aggressive crypto enforcement, with secret promotions signaling a looming regulatory crackdown despite leadership changes.
Former SEC Official Warns of Crypto Crackdown Despite Incoming Pro-Crypto Chair
John Reed Stark, former head of the U.S. Securities and Exchange Commission’s (SEC) Office of Internet Enforcement, has highlighted significant developments within the agency that he believes could impact the cryptocurrency sector.
“SEC Chair Gensler pulls off the first reverse Saturday Night Massacre,” Stark wrote in a post on social media platform X on Wednesday, referencing Chair Gary Gensler’s recent moves.
Stark addressed the SEC’s leadership transition and the calculated steps Chair Gary Gensler is taking to solidify the agency’s enforcement priorities before leaving office. “It looks like former SEC Commissioner Paul Atkins will be the next SEC Chair. A phenomenal choice,” he wrote.
Known for his pro-business approach, Atkins is expected to bring a different focus to the SEC. However, Stark pointed out that Gensler has been laying the groundwork to ensure the agency’s crypto enforcement efforts remain robust. “Meanwhile, current SEC Chair Gary Gensler is quietly working behind the scenes to lead the SEC from the grave,” he noted, adding:
Along these lines, Gensler just promoted three of the best, brightest, experienced and most dedicated crypto-enforcement lawyers in SEC ranks to senior executive positions—running the SEC’s Trial Unit and running the SEC’s Crypto Unit.
Although the promotions have not been formally disclosed, Stark claimed they are already finalized. He noted the secrecy surrounding the moves, stating: “Interestingly, the SEC has not publicly announced these promotions and seems to be keeping them quiet (which is unprecedented). But these well-deserved promotions are a done deal.”
Crypto firms, Stark warned, should prepare for intensified regulatory pressure even after Gensler leaves office on Jan. 20. He predicted:
The Stark reality is that it looks like the crypto-fight is on post-January 20th. So get ready for World War III on day one Chair Atkins, because these three crypto-enforcement lawyers, who are now in charge, are some of the best in the business and will not roll over easily.
@ Newshounds News™
Source: Bitcoin News
~~~~~~~~~
FINANCIAL REVOLUTION 2024: WHAT YOU NEED TO KNOW! | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
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Thank you Dinar Recaps
6 Signs You’re More Financially Savvy Than the Average American
6 Signs You’re More Financially Savvy Than the Average American
Vance Cariaga Fri, December 6, 2024 GOBankingRates
There’s no magic formula to being financially savvy, but there is nuance to being good with money. It’s mostly a mix of planning, common sense, your credit score, commitment and a little cost-of-living calculus. People who actively build a financial blueprint they can follow — budget included — are prepared for the future and manage their money in a way that builds wealth.
So how do you stack up? Are you savvier than the average American? Here’s a look at several signs you’re on the right path.
6 Signs You’re More Financially Savvy Than the Average American
Vance Cariaga Fri, December 6, 2024 GOBankingRates
There’s no magic formula to being financially savvy, but there is nuance to being good with money. It’s mostly a mix of planning, common sense, your credit score, commitment and a little cost-of-living calculus. People who actively build a financial blueprint they can follow — budget included — are prepared for the future and manage their money in a way that builds wealth.
So how do you stack up? Are you savvier than the average American? Here’s a look at several signs you’re on the right path.
You Seek Out the Highest APYs and Best Interest Rates
It doesn’t take much effort to find the best savings account interest rates — a simple internet search will deliver all the info you need to better reach your long-term goals. Even so, a lot of U.S. consumers settle for rates as low as 0.01% APY when they can score rates at or above 5.0% APY.
GOBankingRates consistently researches to find the best high-yield savings accounts available and here are some current recommendations:
Bask Bank Interest Savings Account
Betterment Cash Reserve Account
BMO Alto Online Savings Account
Bread Financial High-Yield Savings Account
FNBO Direct High-Yield Online Savings Account
GO2bank High-Yield Savings Account
Milli Savings Account
Salem Five Direct eOne Savings Account
You Take the Time To Plan and Budget
Making a financial plan and establishing a monthly budget might be the two most important traits of financially savvy people. Your financial plan should encompass both long- and short-term goals and include everything from leisure activities and investment goals to major purchases such as a house or car.
In contrast, your budget should center on current living expenses and day-to-day items. Here are six steps you can take to make sure you set the right budget and stick to it:
TO READ MORE: https://news.yahoo.com/news/finance/news/6-signs-more-financially-savvy-170041654.html
“Tidbits From TNT” Saturday Morning 12-7-2024
TNT:
Tishwash: The region's salary crisis is worsening again.. Demonstrations return in Sulaymaniyah
Hundreds of teachers and employees demonstrated today, Saturday (December 7, 2024), in front of the Sulaymaniyah Court, protesting the salary crisis, which has been delayed for the past two months.
Baghdad Today correspondent said, "Hundreds of employees, teachers and instructors demonstrated in front of the Sulaymaniyah court due to delayed salaries, while they demanded an end to this crisis and reaching a final agreement that would lead to the delivery of their salaries without delay link
TNT:
Tishwash: The region's salary crisis is worsening again.. Demonstrations return in Sulaymaniyah
Hundreds of teachers and employees demonstrated today, Saturday (December 7, 2024), in front of the Sulaymaniyah Court, protesting the salary crisis, which has been delayed for the past two months.
Baghdad Today correspondent said, "Hundreds of employees, teachers and instructors demonstrated in front of the Sulaymaniyah court due to delayed salaries, while they demanded an end to this crisis and reaching a final agreement that would lead to the delivery of their salaries without delay link
Tishwash: Source: Iran resumes gas supply to Central Iraq
On Friday, Iran began gradually resuming gas supplies to power plants in central Iraq following the completion of maintenance work on gas transmission lines, a government source revealed.
The source told Shafaq News that electricity supply is expected to improve in the coming hours in central regions, particularly in Baghdad, Wasit, Diyala, parts of Al-Anbar, and other provinces.
The resumption came after a two-week suspension of Iranian gas supplies for maintenance, which had caused the Iraqi national power grid to lose about 5,500 megawatts of electricity, according to the Ministry of Electricity's announcement on November 24.
Notably, Iraq has relied on scheduled power cuts since the 1990s due to chronic electricity shortages. Residents often turn to private generators to fill the gap.
To supplement its needs, Iraq imports 33-40% of its gas and electricity from Iran. However, US sanctions on Iran have complicated payment for these imports, restricting Iran's access to funds for purchasing non-sanctioned goods like food and medicine.
In light of these challenges, Baghdad has been pursuing alternative energy strategies, including regional grid connections to secure stable electricity supplies without relying on fuel.
Iraq has also sought to diversify its gas imports, signing a preliminary agreement with Turkmenistan in August 2023 to supply gas for its power stations.
On the other hand, the United States continues to pressure Iraq to reduce its reliance on Iranian gas, despite Iraq’s status as the second-largest oil producer in OPEC. link
************
Tishwah: Due to the Kurdish boycott, a representative reveals the reasons for postponing the budget reading
Today, Saturday, the representative of the Al-Fatah Alliance, Walid Al-Sahlani, revealed the reasons for raising the budget paragraph, while pointing out that there are multiple points of view regarding the paragraphs that need to be amended.
Al-Sahlani said in a statement to Al-Maalouma Agency, “The Parliamentary Finance Committee requested to postpone the reading of the budget law for a second reading until the Minister of Finance is hosted.”
He added, "The Kurdish parties refused to enter the session because the budget paragraph was removed from the agenda."
He pointed out that "the Kurdish parties insist on presenting the budget without the need to host the Minister of Finance."
He pointed out that "the majority of the members of the House of Representatives requested to host the Minister of Finance before starting to read the budget amendment." link
************
Tishwash: Mazhar Mohammed Saleh: Iraq's economy, financial flows and trade relations will not be affected by events in Syria
The Iraqi Prime Minister's Advisor for Economic Affairs, Mazhar Mohammed Salih, confirmed the strength of the Iraqi economy, its financial flows, and its trade relations, noting that this economy has not been affected by the tensions taking place in the Syrian arena.
Mazhar Muhammad Salih said in a press statement, “The Syrian economy is an economy sanctioned by countries, such as the United States and some other European countries, and therefore all banking relations (for Iraq) with Syria are basically unavailable.”
He explained that “trade with Syria is mostly border trade and consists of simple, natural civilian goods such as agricultural crops or something like that.”
Regarding the impact of the events in Syria on the exchange rate of the dollar in Iraq, Mazhar Muhammad Salih stated that “the current events are in Syria, not Iraq,” adding that “the problems in Syria may affect some of the simple border trade known, or which is civil or related to the tourism sector, and some simple problems and disturbances may occur, but they are not major disturbances.”
The Iraqi Prime Minister's advisor for economic affairs pointed out that "the Iraqi economy, by nature, has high cash flows from its oil trade and global trade with large trade sources, while the minor fluctuations that are taking place are nothing but colorful noise."
He explained that “the parallel markets usually benefit from any political event in neighboring countries, for example, to raise the price, and for speculators to benefit, so this is a temporary speculation that leads to very simple price disturbances, and has no relation to the Iraqi economy, and is called information markets, so what is happening in Syria at the present time will not affect the Iraqi economy, and our economy is completely isolated from the Syrian issue.”
Mazhar Mohammed Saleh stressed that “the country is immune and there is no fear for our trade because it is governed by the central policies of the state,” noting that “Iraq obtains its budget from major oil revenues, which strengthen the banks’ finances and finance Iraq’s foreign trade, not the domestic market,” adding that “the parallel market is a completely superficial market and does not indicate anything in reality about the Iraqi economy at the present time.”
The Iraqi Prime Minister’s advisor for economic affairs stated that “the parallel market benefits from the neighboring unrest and does not pose any threat to the Iraqi economy and does not represent anything, and we are immune to what is happening in Syria,” explaining that “the problems in Syria are not new to it and have existed since 2011, so there is no fear for the Iraqi economy, which is immune and neutral from the problems of others.”
Mazhar Muhammad Salih stressed that “our policies are disciplined, so what is happening in Syria does not affect the overall economic situation, and an increase in the exchange rate of the currency by one or two dollars could return to its previous state quickly, perhaps through a single statement.”
He believed that “Iraq’s economic situation is secure, its oil policies are calm, its trade relations with the outside world are going well, and its cash flows from cash revenues are good and beyond reproach, and thus the economic situation is stable.” link
Mot: .. Guess What a Parents Fav Holiday is ~~~~
Mot: . Maybe if Ya Starts Now - You can Convince um!!!
MilitiaMan & Crew -Iraq Dinar News-Prime Minister Al-Sudani- Speaks to the People- The World-International Support
MilitiaMan & Crew -Iraq Dinar News-Prime Minister Al-Sudani- Speaks to the People- The World-International Support
12-6-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
MilitiaMan & Crew -Iraq Dinar News-Prime Minister Al-Sudani- Speaks to the People- The World-International Support
12-6-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
FRANK26……12-6-24……SUDANI CONTROLS
KTFA
Friday Night Conference Call
FRANK26……12-6-24……SUDANI CONTROLS
This video is in Frank’s and his team’s opinion only
Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Friday Night Conference Call
FRANK26……12-6-24……SUDANI CONTROLS
This video is in Frank’s and his team’s opinion only
Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE