News, Rumors and Opinions Monday AM 12-9-2024

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 Mon. 9 Dec. 2024

Compiled Mon. 9 Dec. 2024 12:01 am EST by Judy Byington

EBS Alert
A Final Countdown Has Begun
Major Announcements Will Shake the Foundation of Everything You Know
Stay Calm, Stay Vigilant, Be Ready To Listen
Communication Blackouts As Truth is Revealed
Stock Up, Stay Safe, Trust The Plan
The Dawn Of Freedom Is Near

Get Ready For Ten Days of Communication Darkness
The Power to entire World will switch off briefly to install our Starlink Satellite Internet
Shutdowns will occur, but only in certain areas. Banks will close. ATMs and Credit Cards will stop working. Have at least a month’s supply of food, water, cash, medicine and essential items on hand for yourself, your family and to share with others in case of emergency.

Possible Timing:

Judy Note: No one knows the exact timing for notification of Tier 4b (Us, the Internet Group) to make their redemption/exchange appointments, though because of the below information, it was suspected to be around mid next week.

(Rumor): Sun. 8 Dec. 2024 Midnight to Wed. 18 Dec. 2024: Possible Ten Days of Darkness Global Communication Blackout, ending on Wed. 18 Dec. 2024. …G***o TV on Telegram Tues. 3 Dec. 2024

Tues-Wed. 17-18 Dec. 2024: Global Financial Collapse. …G***o TV on Telegram Tues. 3 Dec. 2024

Thurs. 26 Dec. 2024: Announcement of the Global Restoration Plan. Every citizen will receive information about the new economic and legal structures. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024

Mon. 30 Dec. 2024: Final stages of the transition to the new financial system completed. People will begin to access their revalued currencies and debt relief programs. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024

Wed. 1 Jan. 2025: Basil 4 compliance deadline January 2025 – all banks have to prove the money they say they have is backed by gold in their vault. A new era of Freedom and Prosperity officially begins. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024

Fri. 3 Jan. 2025: Global Unity announced as former Alliances restructure. Leaders will present plans for long term peace and cooperation across nations. …Nesara/Gesara on Telegram 5 Dec. 2024

Sun. 5 Jan. 2025: Release of advanced technologies previously suppressed. Free energy devices, healing technologies and environmental restoration tools will be made available to the public. …Nesara/Gesara on Telegram 5 Dec. 2024

Mon. 6 Jan. 2025: The Quantum Financial System (QFS) will officially be activated Worldwide. This secure, transparent and decentralized system will replace the old banking structure, ensuring fairness and equality for all …Nesara/Gesara on Telegram 5 Dec. 2024

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Global Currency Reset: (RUMORS)

Judy Note: WARNING Scammers are everywhere. It is my understanding that:

(1) If you don’t presently physically hold currency or bonds, you don’t own them. Do not give your bonds or currency to anyone else to redeem. You are the only one who can exchange and redeem them. If you have a problem in doing that, ask the person you talk to when you set your appointment to help work out the problem.

(2) Do not exchange your currency at a bank. They will not give you the higher rates, nor the Contract Rates that a Redemption Center was authorized to give you.

(3) The Zim can only be redeemed at a Redemption Center, not at a bank.

(4) Some Redemption Centers are located in private banks, but make sure it is a Redemption Center where you do your business.

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 started paying VIPs on Wed. 4 Dec, Thurs. 5 Dec, and today Fri. 6 Dec. The Iraqi Dinar being paid right now at $3.49 in-country.

Fri. 6 Dec. 2024: “It’s official folks! Iraq has passed their HCL Law.”: https://dinarevaluation.blogspot.com/2024/12/jon-dowling-its-offical-folks-iraq-has.html?spref=tw

Sat. 7 Dec. 2024: Rumor was that Vietnam had revalued their Dong in-country.

Sun. 8 Dec. 2024: Four day Victory Celebration begins in Iraq from Sun. 8 Dec. to Wed. 12th Dec. 2024. …Britt Vibes on Telegram posted by Wolverine

Sun. 8 Dec. 2024: Iraq’s Major Law Could Go Live Tonight #dinar #iraqidinar #centralbank #centralbanks” on YouTube https://youtube.com/shorts/vOYEau7FJc0?si=7Qen7N2iCrz41Aij

Read full post here:  https://dinarchronicles.com/2024/12/09/restored-republic-via-a-gcr-update-as-of-december-9-2024/

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

Mnt Goat  So, what is this dream of Al-Alaq? ...Al-Alaq has told us he strongly supports the dinar of the past and will bring it back to its “glory days”.  This is the ultimate goal of all these financial reforms and “pillars” Iraq keeps talking about. They are all just a means to the end. The end is the reinstatement, a by-product of all this hard work of financial reforms.

Militia Man   Deadly "Dutch Disease".  It's when countries are reliant [solely] on natural resources.  When commodity prices drop, their budgets get affected.  It's very painful...It's bad because it devalues their currency because  they don't have...the ability to buy and pay for things and pay back debt.  But if you have...non-oil revenues...tourism...development road project...ports...taxes and tariffs [you can win]...They used Saudi Arabia as an example because...they were [successful] using non-oil revenue streams.  That's what Iraq is poised to do and it's an awesome thing to see...

MARKETS A LOOK AHEAD: What Is About To Happen WILL SHOCK THE WORLD.

Greg Mannarino :  12-8-2024

https://www.youtube.com/watch?v=tU2nC1YeSfo

"The CRASH Will Be WORSE Than 2008" | George Gammon

LifeWorthLiving:  12-8-2024

George Gammon discusses the Federal Reserve's recent moves and the narrative they want us to believe. Are we heading for a hard landing, or can the Fed really control the economy?

George argues that despite the Fed's attempts to orchestrate a "soft landing," history shows that they often lag behind the curve.

https://www.youtube.com/watch?v=hZCDw7RKi6M

“Tidbits From TNT” Monday Morning 12-9-2024

TNT:

Tishwash:  Iraq rises to third place in the Arab world in gold reserves after Lebanon leaves the list

The World Gold Council announced on Monday that Iraq has risen to third place in the Arab world after Saudi Arabia and Algeria, and 28th globally on the list of the 100 largest countries in terms of gold reserves, after Lebanon was removed from the classification.

According to the latest report published by the Council in December 2024, which Shafak News Agency reviewed, Iraq's gold holdings rose to 152.7 tons, up from 152.5 tons last month. 

These holdings constitute 11.5% of its total other reserves, ranking it third in the Arab world.

The Council pointed out that "the United States of America continues to top the list of the largest gold holdings in the world, with 8,133.5 tons, followed by Germany with 3,351.5 tons, then Italy with 2,814 tons. Bosnia and Herzegovina came at the bottom of the list with 1.5 tons."

The Council did not mention the reason for Lebanon’s exit from the list, after it had been ranked third in the Arab world, as its reserves in the previous month amounted to 286.8 tons.

The World Gold Council is based in the United Kingdom and has extensive experience in understanding the factors affecting the gold market. The Council includes the largest gold mining companies in the world.  link

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Tishwash:  Parliamentary Finance: Amending the budget will end the dispute over the oil file

Finance Committee: Budget amendment will end dispute over oil file

The Parliamentary Finance Committee, headed by Representative Atwan Al Atwani, hosted the head of the Federal Financial Supervision Bureau, Mr. Ammar Subhi Khalaf, and the senior staff, to discuss the draft of the first amendment to the Federal General Budget Law.

Al-Atwani stressed, according to a statement by the Parliament’s media, a copy of which was received by {Euphrates News}, “the committee’s keenness to approve the amendment in a realistic and implementable manner, in a way that ends the existing dispute between the federal government and the regional government regarding the oil file.”

He also pointed out that the completion of the committee's work on this amendment is dependent on the presence of the Ministry of Finance to clarify the legal basis for disbursing financial dues to foreign oil companies operating in the region.

For his part, the Chairman of the Federal Financial Supervision Bureau reviewed the schedule of financial dues between the federal government and the region, stressing the documentation of these dues in the Bureau’s reports, with the addition of notes regarding the delivery of the region’s oil and non-oil revenues to the federal government.

The Chairman of the Financial Supervision Bureau stressed the need for the amendment to include clear mechanisms for liquidating financial advances before the end of the year to avoid their accumulation. He stressed that the agreement based on this amendment is good and implementable, with the need to address the observations referred to.

The senior staff of the Financial Supervision Bureau also provided a briefing on the progress of the procedures for localizing the salaries of the region’s employees, indicating that the localization rate exceeded 80% in the banks accredited by the Central Bank of Iraq, with the end of the year set as the final date for completing the biometric cards to ensure that the problem of duplicate salaries is addressed.  link

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Tishwash:  The Center for Banking Studies announces its training plan for the year 2025

In the presence of His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, the Center for Banking Studies at the Central Bank of Iraq announced its training plan to be implemented during 2025.

The Director General of the Center for Banking Studies, Dr. Mustafa Munir, said that the center will provide specialized accredited courses and tests in the fields of the financial and banking sector, providing workers in this vital sector with accredited international certificates and practices, in addition to providing solid scientific consultations and studies in the financial and banking fields of the Iraqi banking system.

The attendees expressed their interventions regarding the plan and enhancing its details, in light of the observations and suggestions made by each of them at the level of the accredited specialized certificates axis and the workshops and training courses axis, which reflect the actual training needs of banking institutions and non-banking financial institutions, to raise the level of efficiency of the performance of workers in the banking system, towards achieving the goals of sustainable development in implementation of the government program with the required qualitative achievement.

The deliberative meeting concluded with expressing observations and suggestions that would positively reflect on the effectiveness of the training plan to be launched in 2025, and preparing it in its final form, taking into account the flexibility of the plan and its ability to accommodate developments and keep pace with developments.

Central Bank of Iraq
Media Office  link

Mot: Facebook friends 

Mot: .. When enough is Enough

Sunday Night “Humor While We Wait” posted by Mot at TNT

TNT:

Mot: .......... “Your name and occupation?” St. Peter asks.

An elderly priest passes away and finds himself at the gates of heaven.

He joins a line of souls waiting to meet St. Peter and gain entry into the Kingdom of Heaven. Before long, it’s his turn, and there’s only one person ahead of him.

St. Peter greets the man in front and says, “Ah yes, state your name and occupation.”

The man replies, “Will Snicket, taxi driver from New York City.”

St. Peter checks his list, nods, and says, “Yes, indeed. Take this silken robe and golden staff and enter the Kingdom of the Lord.”

The priest steps forward next, brimming with confidence.

“Your name and occupation?” St. Peter asks.

“Father Samuel, minister of the Church of God,” he replies proudly.

St. Peter consults his list and, after a moment, says, “Very well. Take this cotton robe and wooden staff and enter the Kingdom of the Lord.”

The priest looks shocked and protests, “Wait a minute! I’ve spent my entire life serving the Lord. Why does a taxi driver get a silken robe and golden staff while I’m given these?”

St. Peter looks at him calmly and says, “My child, up here we work by results. When you preached, people slept. When he drove, people prayed.”

THE RULES FOR CITY SLICKERS TO ENTER WYOMING

1. Pull your droopy pants up. You look like an idiot.

2. Let’s get this straight; it’s called a “gravel road.” I drive a pickup truck because I want to. No matter how slow you drive, you’re going to get dust on your Lexus. Drive it or get out of the way.

3. They are cattle & feed lots. That’s what they smell like to you. They smell like money to us. Get over it. Don’t like it? I-25 goes North and South, Pick one.

4. So you have a $60,000 car. We’re impressed. We have $200,000 combines that are driven only 3 weeks a year.

5. So every person in every pickup waves. It’s called being friendly. Try to understnd the concept.

6. If that cell phone rings while a deer is coming in, we WILL shoot it out of your hand. You better hope you don’t have it up to your ear at the time

7. You bring “coke” into my house, it better be brown, wet, and served over ice. You bring “Mary Jane” into my house, she better be cute, know how to shoot, drive a truck, and have long hair.

OK, confession time. Before I posted this, because of my out of date, old fogie, life style, I called our child and asked what a “Mary Jane” was. I am SO afraid I will unknowingly post something dirty or offensive! For any of you other “so green ye could plant 'em” senior citizens....it is marijuana.

Mot:  Just a Bit of Insight into Raising the ""Wee Folks"" -- siiggghhh

Mot: Opal is a bit scary 

Iraq News Highlights and Points to Ponder Sunday Afternoon 12-8-24

AL-Nusairi Calls On The Media To Be Patriotic, Transparent And Supportive Of The National Economy

Money and business    Economy News – Baghdad Economic and banking advisor Samir Al-Nusairi called for economic media to be national, specialized, accurate, honest and transparent in diagnosing economic problems and imbalances, and to be a real and supportive contributor in proposing solutions and treatments to the supervisory and regulatory government bodies, and not to be a media that is satisfied with directing criticism and accusations without relying on accurate and transparent sources and information.

Al-Nusairi pointed out that the economic analysis of those called analysts or experts should be realistic and committed to reaching accurate information from reliable sources so that the government and its economic institutions can benefit from it for the purposes of diagnosis, treatment and accountability.

Al-Nusairi warned against some non-economic media (or non-specialized media) that have recently promoted and analyzed incorrect news that is tainted with lack of credibility and fallacies in transmitting and analyzing the news according to specific visions,

 intentionally or unintentionally, that harm the course of economic, financial and banking reform, disrupt the movement of monetary and commodity trading in the local market, and hinder the efforts of the government and the Central Bank in achieving the goals set to achieve the desired reform steps,

stressing that the non-committed media contributes to adding another problem that affects the nerve of the Iraqi economy in addition to the challenges that the country and the region are currently suffering from, which is creating a state of economic instability and fluctuations in the exchange rate of the US dollar against the Iraqi dinar and the rise in the prices of basic and necessary goods and materials such as food and medicine.

He pointed out that it is necessary here for media workers in all its fields and analysts who roam satellite channels and lack experience and intent to realize that specialized economic media has an important and fundamental role in creating economic stability and goes beyond that to contributing to economic reform and enabling and assisting the concerned state agencies and institutions to control economic problems and spread economic culture and avoid failure cases because economic media must be national economic media in word and meaning.

Al-Nusairi explained that media and economy are in a multi-faceted and permanently related partnership, and they are on the same front to face the challenges they face together, and if we assume that the economy can create successful media, then it is certain that the media can also create a successful economy, and this is what results in the success of the media institution if it has specialized economic leaders who are aware of the role of national media.

Iraq's experience in this field is considered modern, as the economy needs support and assistance in promotion, analysis, planning and support in order to deliver a distinguished media message to the audience, whether through the press, television, radio, or modern media and communication channels.

Al-Nusairi concluded by saying:

“Therefore, the economic media that can deliver a purposeful message and serve the economy and economic institutions is the one that attracts an important segment of society. It will remain and continue and achieve the strategic goals of supporting the national economy and developing the work of productive, financial and banking institutions.

The economic media must undertake positive participation in the process of development and economic reform by presenting an image of the nature of the future trends of the economy and identifying economic and development activities and events and available energies and encouraging and stimulating the economy and investment.”

74 views Added 12/08/2024 - 11:24 AM https://economy-news.net/content.php?id=50648

Where Did The Amendment Of The Budget Items Related To Oil Exports In The Kurdistan Region Stand?

2024-12-08 |Source: Sumerian News – Politics Reported Committee The Oil and Gas Parliamentary Committee, in support of addressing the situation in the Kurdistan Region’s oil fields, demanded that the fields be subject to an international consulting company either affiliated with the Federal Ministry of Oil, or has a relationship with it.

He said Deputy Chairman of the Committee Adnan Al-Jaberi said, "The committee is in favor of addressing the situation in the Kurdistan Region's oil fields, because the country needs the quantities produced there, in addition to arranging the relationship between the region and the federal government."

He explained that the proposed amendment stipulated that compensation for companies operating in the Kurdistan Region would be determined by an international consulting company specializing in evaluating each field and its production costs, so we are in favor of addressing this situation.

Pointing we have no comments other than that the region's fields should be subject to an oil company either affiliated with the federal Ministry of Oil or related to it, in order to organize work in a more professional and transparent manner, and the status of the region's oil will be like the status of oil in other Iraqi governorates.

It is noteworthy that the parliamentary finance committee is close to preparing the final report to amend the budget items related to oil exports in the Kurdistan Region, after answering the questions it posed to officials in the Ministry of Oil.

A statement issued by the media department of the House of Representatives stated that the parliamentary finance committee, headed by Atwan Al-Atwan, and in the presence of its members and a number of members of other parliamentary committees, hosted last week the Undersecretary of the Ministry of Oil for Extraction Affairs, the Director General of the Legal Department, the Director General of the Economic Department, and the Director General of the State Oil Marketing Company (SOMO), to discuss amending the general budget items related to oil exports by the region.

The statement added that Al-Atwani pointed out the importance of the meeting and the need to invest it in the best possible way to confront any potential changes in oil prices, stressing the importance of amending the item related to oil exports in the budget to address contracts related to production costs.

The committee raised a number of questions about the basic standards related to production costs, in addition to the payment of financial allocations, and the extent of commitment to contract terms, while emphasizing the formulation of amendments that achieve justice in the distribution of resources, through data analysis and adapting contracts in line with national requirements. LINK

Financial Supervision Calls For Building Strong And Effective Partnerships Between The Private Sector And Civil Society

Money and business  Economy News – Baghdad  The Supervision and Inspection Department of the Securities Commission called on Saturday for building strong and effective partnerships between the private sector and civil society. While indicating that volunteer work is an effective tool for enhancing community spirit and developing youth skills, it stressed the endeavor to enhance the partnership between the private sector and promising youth volunteer initiatives.

“Choosing this conference as a platform for cooperation and coordination reflects our deep awareness of the vital role that young people, especially school students, can play in building a brighter future for our beloved country,” said Amir Sabah, Director of Supervision and Inspection at the Securities Commission, during the first coordination conference of the Securities Commission and the School Student Volunteer Team, as followed by “Al-Eqtisad News.”

He added, "Volunteer work is an effective tool to enhance community spirit and develop leadership skills among young people. It is at the heart of our interests. Through this conference, we seek to enhance the partnership between the private sector and these promising volunteer initiatives, in the belief that investing in these young energies is not only a social duty, but a long-term investment in the future of Iraq."

He added, "The role of private companies in this context is not limited to financial support only, but extends to providing expertise and guidance, and opening horizons for these young people to innovate and create," calling on all companies and institutions to "be part of these initiatives, and contribute to achieving their noble goals."

Sabah praised the "exceptional efforts made by the school student volunteer team," noting that they "proved - through their dedication and creativity - that Iraqi youth are capable of giving and inspiring, whenever given the opportunity," calling on everyone to "seize this opportunity to build strong and effective partnerships between the private sector and civil society, in a way that serves the interests of our beloved country." https://economy-news.net/content.php?id=50630

8 Common Mistakes Retirees Make With Their Social Security Checks

8 Common Mistakes Retirees Make With Their Social Security Checks

Jordan Rosenfeld  Sun, December 8, 2024 GOBankingRates

Beginning to take Social Security benefits can be an overwhelming process for retirees since there are lots of rules and regulations, often tucked into the fine print, so to speak.

It’s easy to make choices, or fail to, that can have a negative impact on your Social Security checks in big and small ways.

Here are some common mistakes retirees make with their Social Security checks so you can hopefully avoid them.

Taking Benefits Too Early

Many retirees decide to start collecting Social Security benefits as soon as they reach the minimum age of 62, often without fully understanding the long-term implications of beginning benefits.

“Claiming benefits early can lead to permanently reduced monthly payments,” said Christopher Stroup, CFP and owner of Silicon Beach Financial. “Claiming your benefits at age 62 can result in decreased benefits upwards of 25% to 30% versus waiting until full retirement age.”

Moreover, Ray said, just because you postponed taking it at 62, for example, doesn’t mean you have to keep waiting until you’re 67. You can take it at any time in between and receive the prorated amount.

Not Understanding the Timing

A related aspect of this, according to Patrick Ray, senior vice president at Wealth Enhancement Group is not understanding the timing between when you file and when you first start receiving your checks.

The Social Security Administration gives people roughly a three-month window from application to first receiving your checks. Ray explained that he works with many retirees that leave their work payroll upon retirement, which means they’re no longer getting a paycheck, and often misinterpret the timing of when they’ll get their first checks.

“So if someone decides to retire in June, they probably should start the process in April as it turns out because that does not happen overnight.”

Not Factoring in Spousal Benefits

Some retirees overlook the potential benefits that could be available through spousal claims, Stroup said.

“A spouse can claim benefits based on their own earnings record or up to 50% of the other spouse’s benefit if it’s higher. For couples where one spouse has significantly higher earnings, failing to strategize around spousal benefits can result in missed opportunities,” he explained.

Not Understanding the Tax Implications

TO READ MORE: https://news.yahoo.com/news/finance/news/8-common-mistakes-retirees-social-120026732.html

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 12-08-24

Good Afternoon Dinar Recaps,

BRICS NEWS:  THE US DOLLAR’S CLOUT IS DECREASING GLOBALLY, SAYS BRICS

BRICS member Russia has commented on the recent 100% tariff threats issued by President-elect Donald Trump for cutting ties with the US dollar. Russian President Vladimir Putin spoke about the threats by poking fun at the American economy and its dwindling power. The clout that the US carried a few decades ago is no longer in existence as developing countries have come far ahead in steering their economy to prosperity.

While their economy is becoming prosperous, BRICS is focusing on boosting their local currency and not the US dollar. The bloc is determined to use local currencies first and keep the US dollar in the backseat of the global economy.

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BRICS: The U.S. Dollar’s Global Influence Is Decreasing

BRICS leader and Russian President Putin explained that after Trump’s presidency, American leaders have done a great deal to undermine the US dollar. The sanctions and weaponization of the USD led to emerging economies ganging up against the White House. “The US dollar’s clout is decreasing globally,” said Putin.

He also said that America’s share in the global economy is shrinking while BRICS is rising. “Given that the US share in the global economy is shrinking, the dollar’s influence on global economic processes is also falling. And as this happens, new tools come to the fore,” he said.

“It’s been four years since the [US] President-elect was in the White House. During this time, the economy has undergone many changes, both globally and in America.

His successors, his political opponents, have done a great deal to undermine the fundamental role of the dollar as a global reserve currency,” Putin summed it up. It now needs to be seen how BRICS will counter Trump’s threat of reducing dependency on the US dollar.

@ Newshounds News™

Source:  Watcher Guru\

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YOU WON'T BELIEVE HOW EASY IT IS TO SPREAD CHRISTMAS JOY!  |  Youtube 

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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“Bits And Pieces” In Dinarland Sunday Afternoon 12-8-2024

KTFA:

Clare:  The House of Representatives postpones its session

12/8/2024

The House of Representatives decided to postpone today's session, Sunday, due to the lack of quorum.

The media department of the council said in a statement received by {Euphrates News} a copy of it, that: "The House of Representatives postponed its session due
to the lack of a legal quorum."    LINK

Clare: Most notably Trump and Macron.. Nechirvan Barzani meets world leaders in Paris (photos)

12/8/2024

The President of the Kurdistan Region, Nechirvan Barzani, met with leaders and heads of state on the sidelines of participating in the reopening ceremony of "Notre Dame Cathedral" in the French capital, Paris.

According to the photos published by the presidency of the region, the most prominent leaders and chiefs that President Nechirvan Barzani met with are: French President Emmanuel Macron, US President-elect Donald Trump, and American billionaire and businessman Elon Musk.

An official reception ceremony was held in Paris for President Nechirvan Barzani, via an official procession carrying the flag and name of Kurdistan.

In response to an official invitation from French President Emmanuel Macron, Nechirvan Barzani, President of the Kurdistan Region, participated yesterday evening, Saturday, along with a number of world leaders and presidents, in the reopening ceremony of the historic Notre Dame Cathedral in Paris. LINK 

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Clare:  Central Bank Governor receives representatives of the Innovation Center at the Dubai International Financial Center

December 08, 2024

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, held a meeting in Baghdad with representatives of the Innovation Center at the Dubai International Financial Center, during which they discussed ways of cooperation in the areas of promoting innovation and entrepreneurship, adopting financial technology, artificial intelligence and advanced infrastructure.

The meeting also reviewed opportunities to support innovation in banking systems and electronic payment solutions, and providing opportunities for emerging companies in these fields to enter Iraqi, regional and global markets.

The meeting addressed the development of training programs to build Iraqi capacities to keep pace with global developments, enhance regulatory cooperation and adopt the best standards in the fields of financial technology and banking technology. The two parties also 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.

They expressed their commitment to developing partnerships that contribute 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.

Central Bank of Iraq
Media Office

https://cbi.iq/news/view/2729

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

Frank26  [Texas Chase Bank Story]  This is a bank story at the next level.  It's no longer a scam.  It's no longer they don't want to talk to you.  It's, we want to talk to you as quickly as possible.  MR. DON: Mid-summer...I had a small and seldomly active account...I brought up the subject of the dinar and the fact that I thought it was going to be a significant increase in value...She said, I've heard some chatter about that and I've had a number of customs come in and inquire.  I'm not sure what's going on...I asked her, any event that occurs do you expect you would be involved in exchanging?   [Post 1 of 2]

Frank26   [Bank Story Continued]   She said, well that's what we do.  As soon as it appears on my screen we will exchange. That was a couple months ago.  This past weekend...my wife got a message on her phone.  It was from the assistant manager.  She said she wanted us to, 'Get in here and get you an appointment with the wealth manager in preparation for what's coming down the pipe.'  FRANK:  We're now at the point where it's no longer, 'It's a scam'.  That nonsense is over...When are you going to have this meeting? MR. DON:  We'll probably schedule for this upcoming week...  [Post 2 of 2]

BANKRUPT: U.S. Debt Hits Critical Levels as Your Future Is Sold Off

Taylor Kenny:  12-8-2024

he U.S. national debt has skyrocketed to $36 trillion, with $1 trillion added in just 115 days. What does this mean for the next financial crisis? As government spending spirals out of control, the ability to respond to crises diminishes, leaving Americans vulnerable.

In this video, Taylor Kenney dives deep into the growing dangers of national debt, hyperinflation risks, and how to protect yourself with physical gold and silver.

CHAPTERS:

00:00 What $36 Trillion in Debt Means for the U.S.

00:46 Why the Media Avoids the Truth About Debt

 02:31 The Illusion of Economic Stability

03:44 The U.S. Debt Crisis: Two Possible Outcomes

04:53 Real-World Consequences for Americans

06:02 How Overspending Affects the Next Generation

07:12 The Risk of a Currency Reset or CBDCs

08:27 Preparing Your Wealth Outside the System

https://www.youtube.com/watch?v=rtc2t7oqfMs

US Admits Collapse of the Dollar as BRICS Introduce New Finance

US Admits Collapse of the Dollar as BRICS Introduce New Finance

Geopolitical Analyst:  12-8-2024

In recent years, the landscape of international finance has been undergoing significant transformation, moving away from traditional systems and exploring innovative alternatives. One of the most groundbreaking initiatives emerging from this shift is BRICS Pay, a payment platform that operates on a decentralized star topology, leveraging dispersed networks to communicate payment information and liquidity.

This novel approach not only enhances the speed and efficiency of payments but also fortifies financial resilience against unilateral actions that can disrupt global economic stability.

BRICS Pay stands out as a promising alternative to SWIFT, seeking to mitigate potential sanctions and currency volatility that have increasingly characterized the global financial arena. By adopting a decentralized framework, BRICS Pay offers rapid deployment and scalability, making it a highly adaptive solution for the member countries of the BRICS alliance—Brazil, Russia, India, China, and South Africa. The increased focus on inclusivity and transparency aims to foster deeper economic collaboration among BRICS nations and their global partners, ultimately enhancing collective economic power in an increasingly multipolar world.

As of the second quarter of 2024, BRICS countries had significantly bolstered their gold reserves, now totaling approximately 6,200 tons, which accounts for 21.4% of the world’s total reserves. This strategic buildup reflects a broader tendency among countries to diversify from the US dollar and safeguard their economies against external shocks and sanctions.

Russia leads the pack with 2,340 tons (8.1% of global reserves), followed closely by China at 2,260 tons (7.8%). Brazil’s gold reserves have increased nearly threefold, showcasing a successful initiative to strengthen financial defenses in the face of growing global uncertainty.

Nations are increasingly turning away from their dependence on the US dollar in international trade and finance—a process known as de-dollarization. This paradigm shift is driven by various factors, including the desire for economic autonomy, stability, and resilience against US economic sanctions. The dominance of the dollar in global transactions often subjects countries to the vagaries of US monetary policy, which can lead to significant economic instability.

By diversifying their reserves, central banks aim to dispel risk linked to US financial systems and foster greater monetary independence.

Key players like China and Russia are taking significant strides to undermine US economic control by enhancing the use of their respective currencies in international commerce. These nations are establishing regional trade agreements that facilitate local currency transactions, thereby reducing reliance on the dollar.

For instance, a recent agreement between China and Brazil allows for trade in their own currencies, simplifying transactions and minimizing conversion costs.

The movement towards a decentralized payment system and the accumulation of gold reserves are emblematic of the BRICS nations’ commitment to creating a more robust and independent financial architecture. This strategic direction aims not only to cushion the economies of member nations from external pressures but also to pave the way for a multipolar global financial system.

As emerging economies gain traction on the world stage, leveraging their own currencies to bolster financial sovereignty represents a significant shift in international trade dynamics. The rise of BRICS Pay, coupled with nations’ efforts to diversify away from the US dollar, demonstrates a collective resolve to reshape global economic relations and challenge the historical dominance of Western financial institutions.

The introduction of BRICS Pay and the strategic increase in gold reserves signal a pivotal moment in the evolution of global finance. By championing decentralized systems and reducing reliance on the dollar, BRICS nations are taking measured steps towards economic independence, stability, and security.

The aim is clear: to strengthen financial autonomy against geopolitical risks while promoting an inclusive framework conducive to collaboration among emerging markets. As the world moves forward, the success of these initiatives will be closely watched as a potential blueprint for future economic cooperation and resilience on the global stage.

Watch the video below from Geopolitical Analyst for more information.

https://youtu.be/idCrQV01Jmw

Iraq Economic News and Points to Ponder Sunday AM 12-8-24

For The Second Week In A Row, Oil Prices Record A Decline Amid Abundant Supplies

Energy Economy  |  07/12/2024 Mawazine News – Baghdad  The US dollar exchange rates witnessed a rise today, Saturday, in the markets of the capital Baghdad and Erbil, the capital of the Kurdistan Region, with the closure of the country's main stock exchange.

The dollar prices rose with the closing of the Al-Kifah and Al-Harithiya stock exchanges to record 151,250 dinars per 100 dollars, while this morning it recorded 151,000 dinars per 100 dollars.

As for the selling prices in the field of exchange in the local markets in Baghdad, they rose, as the selling price reached 152,250 dinars per 100 dollars, while the purchase price reached 150,250 dinars per 100 dollars.

In Erbil, the dollar also recorded a rise, as the selling price reached 151,100 dinars per 100 dollars, while the purchase price reached 151,000 dinars per 100 dollars.https://www.mawazin.net/Details.aspx?jimare=257215

For The Second Week In A Row, Oil Prices Record A Decline Amid Abundant Supplies

Energy sw23Economy News - Follow-up Oil prices fell more than 1% on Friday, extending their weekly losses as analysts forecast a supply surplus next year due to weak demand despite OPEC+'s decision to delay production increases and extend deep production cuts until the end of 2026.

Brent crude futures fell 97 cents, or 1.4%, to $71.12 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell $1.10, or 1.6%, to $67.20 a barrel.

Over the course of the week, Brent lost more than 2.5% and WTI fell 1.2%, with prices continuing to decline for the second week in a row.

Prices also fell as the number of oil and gas rigs operating in the United States rose this week, indicating higher production from the world's largest crude oil producer.

OPEC+ on Thursday postponed the start of increasing oil production by three months until April 2025, and extended the period until all cuts are removed by a year to the end of 2026.

The alliance,-` which pumps about half of the world's crude oil production, had planned to start reducing production cuts since October 2020, but slowing global demand, especially in China, and rising production from outside the group, in addition to other factors, prompted the alliance to postpone those plans more than once.

Brent crude traded in a narrow range of $70 to $75 a barrel last month, amid assessments of signs of weak demand in China and rising geopolitical risks in the Middle East.162 views  12/07/2024 - https://economy-news.net/content.php?id=50612

Central Bank Sells More Than $1 Billion In 5 Days

Saturday 07 December 2024 14:49 | Economic Number of readings: 164  Baghdad/ NINA / The total sales of the hard currency of the dollar during the days in which the auction was opened last week exceeded one billion dollars.

The Central Bank sold during the past week and for the 5 days in which the auction was opened one billion and 441 million and 783 thousand and 807 dollars, at a daily average of 288 million and 356 million and 761 dollars, higher than the previous week, which amounted to one billion and 434 million and 982 thousand and 505 dollars.

The highest sales of the dollar were the day before yesterday, Thursday, when sales amounted to 295 million and 719 thousand and 844 dollars, while the lowest sales were on Monday, when sales amounted to 279 million and 257 thousand and 935 dollars.

 Foreign remittance sales during the past week amounted to 1 billion, 382 million, 383 thousand, and 807 dollars, an increase of 96% compared to cash sales, which amounted to 59 million, 400 thousand dollars. / https://ninanews.com/Website/News/Details?key=1173330

Financial Supervision Calls For Building Strong And Effective Partnerships Between The Private Sector And Civil Society

Money and business Economy News – Baghdad  The Supervision and Inspection Department of the Securities Commission called on Saturday for building strong and effective partnerships between the private sector and civil society. While indicating that volunteer work is an effective tool for enhancing community spirit and developing youth skills, it stressed the endeavor to enhance the partnership between the private sector and promising youth volunteer initiatives.

“Choosing this conference as a platform for cooperation and coordination reflects our deep awareness of the vital role that young people, especially school students, can play in building a brighter future for our beloved country,” said Amir Sabah, Director of Supervision and Inspection at the Securities Commission, during the first coordination conference of the Securities Commission and the School Student Volunteer Team, as followed by “Al-Eqtisad News.”

He added, "Volunteer work is an effective tool to enhance community spirit and develop leadership skills among young people. It is at the heart of our interests. Through this conference, we seek to enhance the partnership between the private sector and these promising volunteer initiatives, in the belief that investing in these young energies is not only a social duty, but a long-term investment in the future of Iraq."

He added, "The role of private companies in this context is not limited to financial support only, but extends to providing expertise and guidance, and opening horizons for these young people to innovate and create," calling on all companies and institutions to "be part of these initiatives, and contribute to achieving their noble goals."

Sabah praised the "exceptional efforts made by the school student volunteer team," noting that they "proved - through their dedication and creativity - that Iraqi youth are capable of giving and inspiring, whenever given the opportunity," calling on everyone to "seize this opportunity to build strong and effective partnerships between the private sector and civil society, in a way that serves the interests of our beloved country."Views 61  12/07/2024 - https://economy-news.net/content.php?id=50630

UNAMI Representative To Security Council: Iraqi Government Has Succeeded In Keeping Iraq Out Of Conflict

2024/12/06 {Politics: Al Furat News} The UN Secretary-General's Representative in Iraq, Mohammed Al Hassan, confirmed during his speech before the UN Security Council that "the Iraqi government succeeded in keeping Iraq away from the conflict," praising its role in enhancing internal stability.

Al-Hassan added that "Iraq, the country of civilizations, is able to overcome crises towards a more stable and bright future," noting the government's success in conducting the population census, saying: "Iraq succeeded in conducting the population census, which is an important process that was followed up with Prime Minister Mohammed Shia al-Sudani."

He pointed to the Iraqi government's efforts to develop the infrastructure, explaining that "Prime Minister Mohammed Shia al-Sudani worked to invest in multiple projects to develop bridges, schools and transportation networks."  LINK

 Rafidain Bank Restructuring Program.. Justifications And Requirements

Dr. Haitham Hamid Mutlaq Al Mansour

After the Prime Minister stressed during his meeting with representatives of Ernst & Young the importance of developing the work of the government banking sector to enhance the confidence of citizens and local and foreign investors in the government banking sector in particular and the economy in general, the restructuring of Rafidain Bank is the first step towards economic reforms in the banking sector towards restructuring Iraqi government banks such as Rashid, Agricultural and Industrial, in an effort to make them play a financial role that stimulates growth and stability.

Rafidain Bank has witnessed accumulated internal problems inherited from the previous regime and subsequent governments after the change, manifested around banking, credit and administrative policies that have undermined the bank’s credit capacity and limited its banking stability and operational and financial efficiency, as Rafidain Bank still suffers from many fundamental problems at the core of banking work, namely:

The balance sheet of Rafidain Bank suffers from debts owed by it as a result of issuing letters of guarantee and confirming credits in favor of government departments and companies, which, along with the accumulated interest, have exceeded their natural limits.

The bank's credit rating has decreased.

Limited ability to keep up with developments in the banking industry.

The decline in the bank’s ability to meet its obligations according to profitability indicators, capital adequacy indicators, the ratio of equity to total assets and the ratio of equity to total deposits, which indicates the weakness of the bank’s activity in meeting its credit obligations.

Rigidity of banking legislation and failure to build policies for developing banking services through advanced banking technologies.

Hence, it is expected that the restructuring will improve its performance in a way that will rehabilitate it to be able to increase its efficiency in managing its balance sheet and improve its ability to achieve profitability indicators, capital adequacy and resource employment indicators.

By redesigning the bank's organizational structure, creating new departments and merging existing ones with new ones, the bank's tools and objectives can be developed with the aim of improving the performance of the bank's structure in the infrastructure of organization and supervision, solvency and liquidity rules, its lending policy and formulating its relations with other banks on the one hand and government units and others on the other hand.

Therefore, it is possible, on a theoretical level, after the restructuring process, that the bank’s performance will improve and its productivity will increase in the short and long term, and its financial and operational efficiency will be raised, as the cost of banking operations will be reduced and the process of participation in decision-making will move towards what is consistent with banking decentralization. It is expected that the new structure will aim to avoid credit bankruptcy by limiting the accumulation of ineffective balances and avoiding a credit crisis.

But in reality, we see that the restructuring process faces several challenges, the most important of which are the difficulty of attracting and attracting the required sufficient capital, low savings rates, weak capital market, high cost of modern technology and developing related systems, and high cost of training employees in the banking sector.

Therefore, the restructuring program should aim to secure two strategic requirements:

The first requirement: It revolves around the goal of restructuring the operating side with the aim of achieving its financial stability. The goal of restructuring the financial side in a way that restores the bank’s ability to comply with the minimum capital adequacy and other hedging requirements.

The second requirement: It includes two objectives. The first is concerned with restructuring the bank according to an accurate and clear plan for the short, medium and long term in the institutional and operational aspects, in a way that ensures the bank’s harmony with market conditions and customer service and in accordance with the hedging requirements contained in the Banking Law and the Central Bank of Iraq Law, and the requirements of compliance and competition.

As for the second, it is concerned with amending the laws, regulations and instructions that regulate the work of Iraqi banks in a way that qualifies them to work in light of modern banking standards and indicators to keep pace with market requirements and enhance the prospects and requirements of growth and stability in a way that serves the banking reform process  12/07/2024 - https://economy-news.net/content.php?id=50614

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

Seeds of Wisdom RV and Economic Updates Sunday Morning 12-08-24

Good Morning Dinar Recaps, 

COINBASE REVEALS LETTERS WHICH EXPOSES FDIC’S ROLE IN OPERATION CHOKEPOINT 2.0

Coinbase reveals FDIC "pause letters", showing efforts to restrict crypto banking services. Documents support Operation Chokepoint 2.0 claims.

▪️Coinbase obtained FDIC "pause letters" revealing efforts to limit banking access for crypto firms in 2022 through FOIA requests.

▪️FDIC's communications showed deliberate delays and questions aimed at halting crypto-related banking activities, fueling "Operation Chokepoint 2.0."

▪️Crypto industry leaders argue government actions restrict legal crypto businesses' access to banking services.

Coinbase, one of the largest crypto exchanges in the U.S., has made public a series of documents that point to the Federal Deposit Insurance Corporation’s (FDIC) involvement in restricting banking access for crypto companies. 

The letters, obtained through a Freedom of Information Act (FOIA) request, suggest that in 2022, the FDIC instructed banks to halt or limit services to crypto businesses.

The exchange’s legal team asserts that these documents provide evidence of a concerted effort by federal agencies to suppress the crypto industry.

Coinbase Exposes FDIC’s ‘Pause Letters’, Proving Role in Crypto Banking Restrictions
Coinbase recently revealed a set of “pause letters” sent by the FDIC to financial institutions in 2022. These letters requested that banks temporarily halt crypto-related activities until further review of compliance and risk factors.

The documents, uncovered through legal action by the exchange, shed light on the FDIC’s efforts to limit the banking services available to crypto businesses.

The “pause letters” explicitly instructed banks to pause any crypto asset-related activities. This signals a proactive stance by regulators to discourage financial institutions from engaging with cryptocurrency industry.

Paul Grewal, Coinbase CLO commented,

“The letters that show Operation Chokepoint 2.0 wasn’t just some crypto conspiracy theory. FDIC is still hiding behind way overbroad redactions. And they still haven’t  produced more than a fraction of them.”

Last month, Coinbase CLO Paul Grewal revealed that the FDIC has been actively working to restrict banks from offering crypto services.

Operation Chokepoint 2.0 Allegations and Its Impact on Crypto Firms

The documents made public by Coinbase have rekindled the debate around “Operation Chokepoint 2.0,” a term coined by critics to describe alleged government efforts to stifle the crypto industry. According to the exchange legal team, these letters provide concrete evidence of a coordinated strategy by the FDIC to limit crypto firms.

Crypto executives have long complained about the difficulties of securing banking relationships due to regulatory uncertainty. The letters confirm that federal agencies have been using informal measures to suppress the industry.

However, in recent reports, US Rep. French Hill has vowed to investigate Operation Chokepoint 2.0, which he argues targets industries like crypto through politicized debanking. He has called for transparency in financial oversight and stronger protections for businesses facing unfair regulatory practices.

According to reports, Banks were asked to submit detailed analyses, including risk assessments and income projections, before moving forward with offering crypto services. This level of scrutiny and the subsequent delays were a tactic to stop financial institutions from entering relationships with the crypto sector.

Coinbase has vowed to continue pursuing transparency, despite heavy redactions in the documents released by the FDIC. As Coinbase legal chief Paul Grewal stated, further disclosure will provide additional clarity on the extent of the regulatory actions taken against the industry.

Similarly, John Deaton recently called for the incoming US government to hold accountable those responsible for debanking crypto firms.

@ Newshounds News™

Source:  CoinGape

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BRICS NEWS:  SOUTH AFRICA SAYS BRICS HAS NO PLANS TO CREATE NEW CURRENCY AFTER TRUMP ISSUES WARNING AGAINST DEDOLLARIZATION: REPORT

Reports on a new BRICS currency designed to compete against the US dollar are fundamentally false, according to leaders in South Africa.

In a statement, South Africa’s Department of International Relations and Cooperation (DIRCO) says BRICS is not working on a currency that could be used as an alternative to USD, reports Bloomberg.

According to DIRCO, reports have misinterpreted the intentions of the economic bloc about trade settlements between member nations.

“Recent misreporting has led to the incorrect narrative that BRICS is planning to create a new currency. This is not the case. The discussions within BRICS focus on trading among member countries using their own national currencies.”

In May of last year, reports emerged that BRICS was working on a new currency backed by gold and potentially additional precious metals and assets in a push to abandon the US dollar.

Despite those reports, South Africa is now saying that BRICS has no intention of promoting de-dollarization efforts.

“South Africa supports the increased use of national currencies in international trade and financial transactions to mitigate the impact of foreign exchange fluctuations, rather than focusing on dedollarization. The strengthening of correspondent banking networks and the development of infrastructure for settlements in national currencies could further this aim.”

South Africa’s statements come as President-elect Donald Trump issued an ultimatum against BRICS. Trump says on the social media platform Truth Social that he plans to take severe measures if BRICS creates or backs a dollar alternative.

“The idea that the BRICS Countries are trying to move away from the dollar while we stand by and watch is OVER. We require a commitment from these countries that they will neither create a new BRICS currency, nor back any other 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.

They can go find another ‘sucker!’ There is no chance that the BRICS will replace the US dollar in international trade, and any country that tries should wave goodbye to America.”

As a whole, BRICS nations have expressed varying levels of support for a common currency, with leaders in Russia and Brazil firmly behind the idea. South Africa is the most conservative, expressing the need for a cautious approach while emphasizing the importance of the US dollar.

@ Newshounds News™

Source:  DailyHodl

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IMMEDIATE SUPPORT FOR VICTIMS - LISTEN NOW! AUDIO  |  Youtube

WE ARE ALL VICTIMS OF COMMON LAW CRIMES.  Mason explains and gives us a remedy through Victims Support Services.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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News, Rumors and Opinions Sunday AM 12-8-2024

Ariel (@Prolotario1): Are you all Ready? A Legend will be Written

Ariel:  Are you all ready?

Do you have your financial & legal teams in place?

Do you have all debts, interest, bills, fees, etc calculated?

Do you all have your foreign currency in accessible places?

Do you have transportation to get to & fro?

Because you all are in a turning point for human history that will never happen again.

Many people are waiting for you all to be bamboozled and let down.

Many are waiting for this to fall through the cracks for you and to laugh at your misfortune.

But if you have been studying this investment you know for certain the last laugh will be on this account.

So prepare yourselves. Contact those who you may need to talk to. A legend will be written in the stars. Your legacy will be solidified and you will get to tell people in the future how you came to know about the greatest wealth transfer the world has ever seen.

Tell them Prolotario1 sent you.

Source(s):
https://x.com/Prolotario1/status/1865564070960914798

https://dinarchronicles.com/2024/12/07/ariel-prolotario1-are-you-all-ready-a-legend-will-be-written/

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

Walkingstick  They're waving the exchange rate right in front of our faces.  Everything that they  say, do and talk about cannot be at a program rate...The monetary reform is going to get done one way or another...Kurdistan uses the same IQD as Baghdad does...Get along or get left behind...  

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
People in the streets are saying Sudani had two years and he is not giving us the purchasing power that he promised us.  He made a solemn oath to us and now he's saying not in two weeks, they won't be competed until the early part of 2025.  This is unacceptable.  FRANK:  It's not Sudani that said that.  It's this economy idiot and he doesn't represent Sudani.

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Andy Schectman Reveals MASSIVE Gold Coverup HAPPENING NOW

CapitalCosm:  12-8-2024

https://www.youtube.com/watch?v=mN_yzT4BZ88

Stock "Wobble" Will PANIC The Fed | Michael Oliver

Liberty and Finance:  12-7-2024

Michael Oliver shares his insights on current market conditions, particularly Bitcoin, the stock market, and precious metals.

He expresses skepticism about Bitcoin's recent surge, suggesting it may be a bubble linked to the NASDAQ, and warns that its momentum may not be sustainable.

 Oliver also discusses the strength of the precious metals market, noting that despite recent pullbacks, gold and silver remain stronger than the S&P and NASDAQ year-to-date.

He anticipates that as the stock market weakens, the flow of assets into gold and silver potentially triggering a vertical phase for the metals.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Bitcoin & stock market

5:48 Gold & silver

10:58 Bank stocks

14:55 Move into metals

17:34 Nvidia

 20:00 Gold & silver last thoughts

 21:17 Momentum Structural Analysis

https://www.youtube.com/watch?v=kU3bHtma4A0