MilitiaMan & Crew-Iraq Dinar News-Partnerships with Private Sector--World Bank-IMF-Article 12 C-3000 Contracts

MilitiaMan & Crew-Iraq Dinar News-Partnerships with Private Sector--World Bank-IMF-Article 12 C-3000 Contracts

12-9-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=ux_g9tT1xBM

Iraq Economic News and Points to Ponder Monday Afternoon 12-9-24

Stability of The Dollar Exchange Rate In Local Markets

Monday 09 December 2024 14:05 | Economic Number of readings: 110

Baghdad / NINA / The dollar exchange rates witnessed stability this Monday morning in the local markets in the capital, Baghdad, Basra and Erbil. The exchange rates today were as follows:

$100 = 151,500 dinars in Baghdad    $100 = 151,500 dinars in Erbil    $100 = 151,000 dinars in Basra.

https://ninanews.com/Website/News/Details?key=1173683 

The United Nations Renews Its Full Support For Iraq In Restoring Its Sovereignty And Full Control Over Its Territory

Monday 09 December 2024 20:53 | Politics Number of readings: 108 Baghdad/ NINA /The United Nations mission renewed its full support for the Iraqi government and people in regaining sovereignty and full control over its territories and achieving stability and sustainable development.

The mission stated in a statement issued on the occasion of Victory Day that "On December 10, Iraq celebrates Victory Day, in commemoration of the liberation of its lands from the control of the terrorist organization ISIS.

The statement indicated that "this day represents an important national milestone in which the country recalls the great sacrifices made by the Iraqis to restore their land and establish security and stability throughout the homeland.

" It added, "Victory Day, in addition to being an occasion for heartfelt congratulations, comes to emphasize the need to preserve the gains achieved thanks to the efforts of everyone here in Iraq in addition to their partners from around the world. It also represents a call for everyone to strengthen national unity and joint action for a strong Iraq capable of facing challenges and free from the tensions and conflicts that are plaguing the region."

It continued, "On this occasion, we also appreciate the achievements made since the field victory over terrorism, and call for continued work to rid Iraq not only of the remnants of ISIS, but also of all forms of extremism and fanaticism. We look forward to an Iraq in which everyone enjoys security, peace, respect for human rights and the rule of law, and to turning the pages of the painful past forever by promoting reconciliation."

" Nationalism, ensuring the preservation of gains, focusing on what unites the word and unifies the ranks, and staying away from areas of division and division, including controversial topics that do not contribute to strengthening the unity of the fabric of society and the cohesion of its components."

She said, "Our hope is great that the joy of victory will be complete with the return of all those forcibly displaced due to this conflict to their homes with dignity and safety, and when all Iraqi citizens are returned from Al-Hol camp in northeastern Syria and integrated into society.

She appreciated the great efforts made by the Iraqi government, with the support of the UNAMI mission and the team of United Nations organizations working in Iraq, in these files in particular. "Iraq has proven to the world that it is capable, with the solidarity of its people, of overcoming challenges and creating a brighter and more prosperous future for all its citizens." / End

https://ninanews.com/Website/News/Details?key=1173769

Nechirvan Barzani Meets World Leaders In Paris, Most Notably Trump And Macron

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

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

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. https://www.radionawa.com/all-detail.aspx?jimare=40518

Basra Oil Records A Significant Increase

Energy  Economy News - Follow-up The prices of Basra Heavy and Medium crude oil have recorded a significant increase, coinciding with the increase in global oil prices.

Basra Heavy crude prices rose by 14 cents to $67.37 a barrel, while Basra Medium crude prices rose by the same amount to $70.54 a barrel. 115 views  Added 12/09/2024 - 9:54 AM   https://economy-news.net/content.php?id=50678

Minister Of Communications: We Launched Free Internet Service For Schools

Iraqi school Money and business Economy News – Baghdad Minister of Communications Hiyam Al-Yasiri announced on Monday the launch of a free internet service for schools.

Al-Yasiri said in a statement, which was reviewed by "Al-Eqtisad News", that "the Ministry of Communications, represented by the General Company for Communications and Information Technology, has obligated Earthlink, as the largest internet service provider in Iraq, to ​​provide schools with free internet via FTTH optical cable."

She added, "This came in implementation of the National Service Government and the Ministry of Communications program to provide subsidized internet to schools, and to achieve the government's priorities in digital transformation and keeping pace with technological development and the artificial intelligence revolution." Views 46  12/09/2024  https://economy-news.net/content.php?id=50706

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

Seeds of Wisdom RV and Economic Updates Monday Evening 12-09-24

Good Evening Dinar Recaps,

CRYPTO INDUSTRY FRUSTRATED OVER POSSIBILITY OF SEC COMMISSIONER CAROLINE CRENSHAW’S RENOMINATION

Coinbase COO Emilie Choi called Caroline Crenshaw, one of two SEC commissioners to oppose Bitcoin ETFs, 'anti-crypto.'

On Dec 11, the U.S. Senate Banking Committee will decide whether to renominate Caroline Crenshaw, a Democrat Securities and Exchange Commission (SEC) commissioner. Crenshaw has always been a staunch critic of cryptocurrencies and the crypto community is not happy with the prospect of her re-election.

Crenshaw is ‘anti-crypto,’ says Coinbase COO

Crenshaw, who was sworn into her role in August 2020, was one of two SEC commissioners who opposed the approval of spot Bitcoin exchange-traded funds (ETFs) in January. In her letter dissenting from the SEC’s decision, which Crenshaw called “unsound and ahistorical,” she wrote:

“I fear that today we are setting ourselves up for tomorrow’s failure, and it will be the investors that we have a duty to protect who will ultimately pay the price.”

SEC commissioner, Jaime Lizárraga, the only other SEC commissioner who voted against Bitcoin ETFs, did not add his name to her letter.

According to James Seyffart, a Bloomberg ETF analyst, Crenshaw was even “more vehemently anti-crypto” than SEC chair Gary Gensler, who has been called “evil” himself. In fact, she served as more than “just an ally to Gensler,” Seyffart wrote in an X post earlier this week.

In a Dec. 7 X post, Coinbase president and COO Emilie Choi wrote:

“Caroline Crenshaw is anti-crypto. She even embarrassingly opposed Bitcoin ETFs. The SEC has to change.”

Given Crenshaw’s widely-known opinions against crypto, the community is frustrated with the upcoming vote on Wednesday.

Alexander Grieve, vice president of government affairs at crypto investment firm Paradigm, called it “one last “gift” for crypto” that Democrat Senate Banking Chair Sherrod Brown is “trying to ram through” before he gives up his chair.

If the Senate vote passes, Crenshaw will hold on to her position in the SEC till 2029. However, if she’s not confirmed by the Senate, president-elect Donald Trump will be free to nominate someone as replacement.

Austin Campbell, CEO of digital payments firm WSPN, wrote in an X post:

“I will remind all Democrats that Caroline Crenshaw voted that the SEC should disobey a Federal judge, break the law, and instead reject BTC ETFs after being ordered to approve them by a court.”

Trump’s SEC chair pick has received the crypto community’s approval

Earlier this week, Trump appointed Paul Atkins, a former SEC commissioner known for being pro-crypto, to be the next SEC chief. The crypto industry welcomed the news with open arms.

Atkins, who served as a Republican SEC commissioner from 2002 to 2008, is expected to take a much more lenient approach to regulating crypto than Gensler. Atkins is known for his advocacy of free-market principles and investor protection and his focus on clarifying complex financial markets.

Atkins’ nomination. is “sorely needed and cannot come a day too soon,” Coinbase chief legal officer Paul Grewal said in an X post.

@ Newshounds News™

Source:  Crypto Slate

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BRICS NEWS: BRICS & US MAY BE SET TO RACE FOR BITCOIN SUPREMACY IN 2025

With the asset class gaining significant attention over the course of the year, both BRICS and the US could be set to race for Bitcoin supremacy in 2025. Indeed, the economic alliance has discussed its interest in integrating the leading asset. Moreover, with the return of Donald Trump to the White House, the United States is looking to emerge as a global leader.

In a recent interview, Eric Trump reiterated these hopes. He explained the path that the US has toward becoming a cryptocurrency superpower. 

Yet, the incoming presidential administration is certainly not alone in those aspirations. His position regarding BTC has mirrored those that Russian President Vladimir Putin has shared in recent weeks.

BRICS & US Face Off in Bitcoin Race: Who Will Become Global Leader?

Bitcoin is certainly having its moment this year. The token is leading an emerging asset class, as it reached a six-figure price for the first time in history last month. Moreover, it became the first crypto-based ETF in the United States, opening the door to increased institutional investment and interest.

Amid its rise, all eyes are on exposure. Businesses are looking into the acquisition of crypto, but so too are countries. With no established global leader, both BRICS and the US could be set to engage in a race for Bitcoin supremacy in 2025.

Speaking to CNBC, Eric Trump noted that “sensible” regulation may be the only thing standing between the United States and a position as a cryptocurrency superpower. Moreover, he noted President-elect Donald Trump has all intentions to “make America the crypto capital of the world.”

Well, they are certainly not the only thing. With Russia loosening its ban on cryptocurrency earlier this year, BRICS may be looking to increase adoption. Specifically, they have sought to use the asset class in trade and have noted belief in its potential.

As the country has just voted to classify crypto as property, Putin has discussed the leading asset. When talking about foreign exchange reserves, the president questioned their necessity if they could be confiscated for political purposes. Specifically, Putin seemed to be alluding to Western sanctions that froze $300 billion in Russian reserves.

But that isn’t the same with Bitcoin. “Who can prohibit it? No one,” he said about the token. That seems to indicate that both BRICS and the US are set to explore the asset class in greater measures this year. That could have them on a collision course for status, with Bitcoin only gaining in the process.

@ Newshounds News™

Source:  Watcher Guru

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IS YOUR CRYPTO WALLET AS SAFE AS YOU THINK?  |  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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You Can Make Drastic Cuts, But the U.S. Still Faces This One Huge Problem

You Can Make Drastic Cuts, But the U.S. Still Faces This One Huge Problem

Daniela Cambone:  12-9-2024

"The snowball on the debt through the interest rates and the interest cost on the national debt is growing so fast that even drastic measures won't make it disappear," warns Joseph Brown, host of Heresy Financial.

In this discussion, he delves into the pressing debt issues facing the U.S. and explains why owning tangible assets like gold is imperative as a hedge against the devaluation of fiat currencies.

Brown also highlights the success of Javier Milei's reforms in Argentina, emphasizing how reducing government size and slashing spending curbed inflation and sparked economic improvement: "What Argentina shows us is that by slashing government spending and deregulating, you free up resources, and the economy can start to boom again."

CHAPTERS:

00:00 Javier Milei's policy

4:32 Argentina economy

6:21 Government spending cuts

8:03 RFK Jr.'s health initiative

 9:07 Bitcoin

12:40 U.S. debt

 16:08 Gold

18:23 Money printing

21:02 Financial reset

23:23 Concluding words

https://www.youtube.com/watch?v=LPAHv4MLDVc

Iraq News Highlights and Points to Ponder Monday Afternoon 12-9-24

$10 Billion Cash Flows Into Bitcoin Funds Since Trump Win

Money and business   Economy News - Follow-up US exchange-traded funds that invest directly in Bitcoin have inflowed nearly $10 billion since Donald Trump won the US election.

This comes in a bet that his embrace of the crypto sector heralds a boom in the market.

The 10 issuers, including BlackRock and Fidelity Investments, attracted about $9.9 billion in net inflows in the period following Election Day on Nov. 5, according to a report published by Bloomberg

Last week, Trump tapped a digital asset advocate to be the head of the U.S. Securities and Exchange Commission, and appointed the first White House czar for artificial intelligence and cryptocurrencies.

Trump has pledged to replace the Biden administration’s skepticism about digital assets with supportive rules, even backing the idea of ​​a national strategic reserve for Bitcoin.

Bitcoin hits record high

Bitcoin crossed the $100,000 mark for the first time on December 5.

The cryptocurrency's six-week winning streak is the longest since the cryptocurrency's wild rallies of 2021

Bitcoin has been hit by volatility a day after the currency hit a historic high of $100,000.

The volatility briefly sent the largest digital asset down to around $92,000, a drop that sparked some caution.

A “sustainable and decisive” push past $100,000 may require more positive catalysts to emerge, David Lawant, head of research at major crypto broker FalconX, wrote in a note.

83 views Added 12/09/2024 - 10:10 AM https://economy-news.net/content.php?id=50679

Iraq Rises To Third Place In The Arab World In Gold Reserves After Lebanon Leaves The List

Money and business    Economy News – Baghdad  The World Gold Council announced today, 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 was reviewed by Al-Eqtisad News, 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. Views 26 Added 12/09/2024 - 1:24 PM https://economy-news.net/content.php?id=50686

Parliamentary Committee Criticizes Dollar Selling Platform: It Has Many Problems And Suspicions Of Corruption

2024-12-09 | Sumerian News – Local Criticized Deputy president Committee Strategic Planning and Federal Service Mohammed Al-Baldawi, Central Bank PlatformI raqiTo sell the dollar, while he pointed out that there are professional groups in fraud the law.

Al-Baldawi said in an interview with Sumaria News, "The platform for selling Dollar The transfer operations are plagued by many problems and suspicions of corruption.  Pointing"Today, a new mechanism for transfer within the Central Bank has begun. Iraqi And its affiliated banks and institutions in order to simplify procedures for citizens, especially those who wish to travel outside the country for treatment or study.

He pointed out that "these procedures are supposed to move forward to reduce the lengthy procedures and we see them as good, but today they need continuous follow-up, review, evaluation process and then evaluation of the performance of institutions because there are professional groups to introduce fraud and deception into the law Through groups, we saw this through cards and the platform.

He added: “We hope that this method and procedures will be easy for citizens and will ensure the preservation of foreign currency, as well as finding ways and outlets to facilitate procedures and provide what citizens need for travel, treatment and study.” LINK

Advantages Of The Modern Electronic Ration Card

Monday,09-12-2024,AM 11:36 Taisir Al-Asadi  The Ministry of Commerce noted the achievement of advanced rates in updating the electronic card in Wasit Governorate after a week of updating operations in the governorate’s regions.

She pointed out the launch of a registration application to update citizens’ data for the ration card, as the program requests four determinants: the ration card number, the ration center number, the agency number for the food agent, and the agency number for the flour agent.

After that, the citizen logs in to create his own account, then a message is sent to the citizen’s phone number, including the username and password, and then the update begins from the same system.

The ministry’s spokesman, Mohammed Hanoun, confirmed in a statement that: “The data update operations for the electronic ration card in Wasit Governorate are proceeding smoothly and with broad participation from the governorate’s residents,” noting that “the update rate has reached 33%, while the number of updated individuals has reached 524,270 individuals, and the number of updated families has reached 114,505 families.”

Hanoun said, “The Citizen Program will also help citizens submit their transactions from their homes without the need to visit the supply branch departments. These services will be paid for electronically, such as adding a child, adding an individual, adding a family, deleting, blocking, or unblocking, and other activities. The data update process will be accompanied by a media campaign to educate citizens and train them on how to use the applications on their mobile phones.” https://non14.net/public/172708

Integrity Commission Discloses Its Activities In The Field Of Disclosure Of Assets And Money Inflation For The Month Of October

Security |Today, Baghdad Today – Baghdad  The Federal Integrity Commission revealed, today, Monday (December 9, 2024), all of its activities in the field of disclosure of assets and the inflation of funds for taxpayers during last October.

The Commission stated in a statement received by "Baghdad Today" that "the number of taxpayers who disclosed their financial liabilities reached (1740) taxpayers, while the number of forms that the Prevention Department in the Commission audited to investigate the existence of inflation in funds during the same period reached (95) forms, noting that one of the taxpayers was referred to the Investigations Department and the Supreme Commission for Combating Corruption."

She added that "violations were discovered regarding the issue of conflict of interest among (16) taxpayers out of (100) taxpayers from various government agencies that were investigated and investigated through (151) visits."

She pointed out that "the Performance and Professional Conduct Department made (79) visits to (64) government departments to follow up on performance and professional conduct, e-governance procedures, comprehensive digital transformation, and the transparency and public money protection program."  LINK

Seeds of Wisdom RV and Economic Updates Monday Afternoon 12-09-24

Good Afternoon Dinar Recaps,

IRAN MOVES TO REGULATE CRYPTO INSTEAD OF IMPOSING LIMITS: REPORT

Iran’s finance minister said the country’s government plans to regulate cryptocurrencies instead of limiting their usage.

The Iranian government is looking to embrace crypto assets by adding more regulations instead of outright restrictions, its Minister of Economic Affairs and Finance Abdolnaser Hemmati said.

According to a report from Iran’s state-run news agency Nour News, Hemmati said during a national event on Saturday that the government aims to eliminate the negative impacts of cryptocurrency on the economy, and leverage its positive effects. The minister added that digital money falls under the jurisdiction of the Iranian central bank.

Hemmati said he hopes to see cryptocurrencies used to boost youth employment in Iran, help counter U.S. sanctions and align the country’s activities with the global economy.

On the same day as Hemmati’s speech, the Central Bank of Iran published a new document that summarized its arrangement for upcoming policies on cryptocurrencies, Nour News reported. The upcoming policies aim to support crypto traders to comply with local tax and anti-money laundering laws, according to the report.

Iranian investors currently hold an estimated $30 billion to $50 billion worth of crypto assets, the report said, citing economist Mohammad Sadegh Alhosseini. This is roughly equivalent to a third of the entire gold market in the country, according to the expert.

The announcement from the Iranian government comes as U.S. President-elect Donald Trump builds anticipation for a positive regulatory environment for cryptocurrencies.

Since his reelection last month, Trump has appointed several pro-crypto candidates to spearhead various efforts during his upcoming term, recently naming long-time crypto supporter Paul Atkins to head the Securities and Exchange Commission.

@ Newshounds News™

Source:  The Block

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CZECH REPUBLIC IS NOW CRYPTO-FRIENDLY! HERE’S WHAT CHANGED

The Czech Republic has introduced new crypto-friendly laws, making it easier for crypto businesses to operate in the country.

These laws include easier access to bank accounts for crypto businesses and a three-year tax exemption on crypto investments.

These reforms aim to attract more crypto businesses to the Czech Republic and prevent them from moving to other countries.

The Czech Republic has made the news headlines with bold new crypto regulations aimed at transforming the sector. These changes address long-standing challenges for crypto businesses and could make the country a hotspot for digital asset innovation.

Crypto Firms Finally Get a Break

Crypto businesses in the Czech Republic have long struggled to open bank accounts due to skepticism from financial institutions. Banks, wary of crypto’s volatility, often denied these businesses basic banking services, making operations incredibly challenging.

That’s about to change. The new reforms will make it easier for crypto companies to access banking services, removing a major barrier to growth. This shift could pave the way for smoother operations and attract more businesses to the Czech market.

A Tax Break to Boost Investments

But wait, there’s more. A three-year tax exemption for crypto investments has also been introduced. This means that profits from crypto will be treated just like profits from stocks. So, crypto businesses can breathe a little easier, knowing they’re now on the same playing field as more traditional investments. It’s a big win, and it’s meant to make the Czech market way more attractive to investors—both local and international.

Why Act Now? The Clock’s Ticking

Deputy Speaker Jan Skopeček explained the need for swift action, emphasizing that the government had to act now to retain crypto businesses. Without these changes, many companies could relocate to countries with more favorable crypto laws, leading to economic losses.

The urgency also ties to the European Union’s upcoming Markets in Crypto Assets (MiCA) regulation. While MiCA aims to harmonize crypto rules across the EU, its rollout has caused uncertainty. Many companies are still awaiting approvals or navigating compliance challenges, and some have already left Europe or modified their operations to align with the evolving rules.

The Road Ahead Is Not Easy

These reforms show the Czech Republic’s determination to stay ahead in the digital revolution. By easing banking access and offering tax incentives, the country is positioning itself as a more attractive hub for crypto firms.

However, challenges remain.  While the reforms are promising, businesses may still encounter unexpected hurdles as the new policies are implemented. The coming months will reveal whether the Czech Republic can truly establish itself as a crypto-friendly destination.

@ Newshounds News™

Source:  Coinpedia

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FINANCIAL REVOLUTION 2024: WHAT YOU NEED TO KNOW!  |  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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More News, Rumors and Opinions Monday Afternoon 12-9-2024

KTFA:

Clare:  Parliamentary Finance: Budget amendment includes only one paragraph related to the region's oil

12/9/2024  Information / Baghdad.. 

The Parliamentary Finance Committee confirmed, on Monday, that the amendment to the budget for next year 2025 will include one paragraph (12 Second C) related to the region’s oil.

Committee member MP Moeen Al-Kazemi said in a statement to Al-Maalouma Agency, “The amendment of the 2025 budget does not include paragraphs of the three-year budget law approved by the Council of Representatives, but rather included one paragraph, which is (12 Second C), which relates to the region's oil."

He added, "The proposed amendment was scheduled to be prepared for a second reading by the Finance Committee during yesterday's session, Sunday, but it was postponed due to the absence of the Minister of Finance and the Ministry's staff for the purpose of final formulation. " 

Prime Minister Mohammed Shia al-Sudani called on the House of Representatives to amend the federal general budget law in order to address the issue of oil marketing in the Kurdistan Region, pointing to the daily fine that Iraq bears as a result of not exporting oil in In accordance with the agreement signed with Turkey.  LINK

Clare:  Head of Parliamentary Finance: We are keen to approve a realistic amendment to the budget that ends the oil dispute with the region

12/9/2024

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:TV talking about old and new currency, how they will coexist.  Mr Sammy said remember they want all done by the 10th.   FRANK:  I TOLD YOU SO!! lol...Sudani is in control of the new exchange rate.

Frank26    The monetary reform is an agreement.  It is comprised of many different parts.  The best part I can give you as an example would be article 140.  Article 140 is the agreement for the HCL to be given to the citizens through the budget...Nothing is stopping it...I know the HCL is agreed upon.  I know Article 140 has taken care of it...

Walkingstick  What we're seeing now is a very clear picture of the monetary reform and where it's at.  Its process may have been slow but it is successful...The evidence shows the citizens are not going to fail and they are very eager to do this monetary reform as Sudani and Alaq have explained it to them.  This year they were receiving the monetary reform education ...There is still more education that will be coming i.e. the pictures...the electronic boards...

Mexico Sides With China Over $100.2 Billion Deals, Beijing Dumps More USD For Gold

Sean Foo:  12-9-2024

In a big update, Mexico is scrambling to reassure China to keep investing in Mexico. Despite Trump's tariff threats, the future of Mexico's economy will be powered by Chinese companies.

 Meanwhile, China has continued dumping their dollars to stack more physical gold.

Timestamps & Chapters:

0:00 Mexico Sides With China

2:58 Mexico Wants Chinese Money

6:13 BIG Trade Loophole

8:06 Gold Bull Run

8:59 China's Back Buying Gold

11:30 Economic War Big Winner

https://www.youtube.com/watch?v=_VocuqW86Gw

Are European Central Banks Secretly Moving Toward a Gold Standard?

Are European Central Banks Secretly Moving Toward a Gold Standard?

APMEX:  12-8-2024

Gold has been an integral part of Europe’s financial landscape for centuries, underpinning economies and serving as a symbol of wealth and stability. From the era of the gold standard to contemporary monetary policies, gold has consistently captured the interest of economists and investors alike.

Recently, a noteworthy trend has emerged, prompting renewed speculation about gold’s role in the region’s financial future: European central banks appear to be targeting gold reserves equal to 4% of their GDP. This article explores the implications of this shift, the motivations behind it, and its potential impact on investors and the global economy.

Historically, gold has been the bedrock of monetary systems, particularly during the gold standard era, where currencies were directly tied to gold reserves.

While the abandonment of the gold standard allowed for more flexible monetary policies, the importance of gold as a safe-haven asset has never diminished. In recent years, central banks, particularly in Europe, have begun to reconsider their gold holdings as part of their broader monetary strategy.

The focus on achieving gold reserves equivalent to 4% of GDP is not merely a coincidence; it is rooted in various geopolitical and economic factors. Some analysts speculate that European nations might be preparing for a strategic pivot back to a gold-backed currency.

This theory gained traction following statements from financial leaders, including Poland’s former Minister of Finance, who suggested that increasing gold reserves could bolster economic sovereignty amid an increasingly unpredictable global economy.

Countries like France, Italy, and the Netherlands have shown a marked increase in their gold reserves and have reportedly started to view gold as a strategic asset for future financial stability. The reasoning is clear: in a world fraught with economic volatility and inflationary pressures, gold offers a hedge against currency devaluation and inflation, acting as a safeguard for national wealth.

The recent spikes in inflation rates across Europe, exacerbated by supply chain disruptions and geopolitical tensions, have led many central banks to re-evaluate their asset allocations. In an environment where fiat currencies face the threat of devaluation, gold emerges as a reliable store of value. Unlike fiat currencies, which can be printed at will, gold’s limited supply makes it an attractive hedge against inflation.

The push to maintain gold reserves at around 4% of GDP could be seen as a proactive step to ensure that European economies remain resilient against potential economic shocks. By diversifying their reserves and increasing exposure to gold, central banks aim to foster greater financial security and stability.

The shift towards increasing gold reserves by European central banks signals a potential strategic pivot in financial policy—either as a preparation for a hypothetical return to a gold-backed currency or as a prudent hedge against inflation.

Whichever the case may be, this trend demands attention from both policymakers and investors. As Europe navigates an increasingly complex economic landscape, gold once again finds itself at the forefront of financial strategy, reminding us of its enduring legacy as a symbol of stability and security in an ever-changing world.

Investors would do well to watch these developments closely, as they could shape investment strategies and economic policies for years to come.

Watch the video below from APMEX for further insights and information.

https://youtu.be/Bs7AOSAAiyQ

Coffee with MarkZ and Mr. Cottrell. 12/09/2024

Coffee with MarkZ and Mr. Cottrell. 12/09/2024

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Morning Everyone !!!It's beginning to look a lot like Christmas!

Member: We need a shiny RV to make it a truly wonderful Christmas… I am SOOOOOOOOOOOOOOOOOOOOO Ready!!!!

Member: lol!! How many are ready to leave all this stuff behind and go RV'n?? lol

Member: Any big news over the weekend Mark?

Member: Tomorrow is the 10th…..looks like Iraq once again kicked the can

Member: I’m just curious “what if” parliament doesn’t sign off before the 10th

MZ: If they don’t make it- I’m still sticking around until they do.

Member: Lets celebrate Victory Day regardless

Member: Today is supposed to be parliaments last day ….Sessions will be in recess after today.

Member: Don’t you think the people of Iraq will not stay excited if they do not see an RV soon? It seems like it has to be right upon us

Member: Jon Dowling said HCL became law. Iraq all by dec 9 & 10th will have hard date for All to be done

MZ: “ CBI records huge sales of more than $300 million in auction today”  They keep telling us the auctions on US dollars will end this year. Many believe the target may be this week to end those auctions.

Member: When the auctions stop…they almost have to RV their currency…imo

MZ: “Parliamentary Finance: The budget amendment includes only one paragraph related to the region’s oil”  and that may already be done.

MZ: “Iraq climbs to third place in the Arab world for gold reserves after Lebanon’s exit from the list”   Get excited….this may be the gold backing right there.

MZ: “British Newspaper: The Iraqi development road will compete with the Suez Canal”  12 % of global trade and 30% of global container traffic go through the Suez canal. And now a large percentage of the world’s wealth will soon be going through Iraq. This is huge. Iraq is becoming the crossroads of the idle east.

MZ: Big progress in Iraq over the weekend.

MZ: No bond updates yet today. 

Member: I think at this point when it goes we will see everything go at the same time: bonds cmkx currency ect ect

Member: We may be waiting until after the US Trump inauguration on Jan 20

Member: Iraq is not going to wait or can't wait until January. IMO- This is going to happen this month December.

Meber: Jan 1st is the first day of Iraq’s fiscal year…..It should be done by then I would think

MZ: I still think we could see the RV before Christmas. Possibly in the next few days. Worst case scenario – by the end of January….

Member: Mark...on a live podcast Wolverine asked Elizabeth if we were going to have a great Christmas she sad yes.

Member: NESARA maybe in January but RV should go in December. Iraq anyway.

Member: Will we see the RV on forex first?

MZ: I do not think it will be on forex first. I think we will get our announcements first…then it will appear on forex. But in todays “information world” it is difficult to hide anything.

Member: How can the economy withstand the huge influx of money after the RV?

MZ: We are not adding a huge amount of money to the economy. We are changing who holds the money….and it will be asset backed. .

​​Member: Good to see the metals rallying today, silver now above $32.70

Member: Praying this is finally our big week!!

Member: I hope and pray this is an epic Christmas!!!!

Member: May tomorrow- Victory Day in Iraq be a victory for us all.

Member: A BIG thank you to all the MOD's and MarkZ for all you do for us!!! May you all be blessed.

Mr. Cottrell and StacieZ join the stream today. Please listen to the replay for their opinions and information.

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

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

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

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Seeds of Wisdom RV and Economic Updates Monday Morning 12-09-24

Good Morning Dinar Recaps,

RIPPLE CEO ON 60 MINUTES: GARLINGHOUSE OPENS UP ON $150 MILLION SEC FIGHT, CRYPTO WAR AND MORE

Ripple CEO Brad Garlinghouse appeared in an interview on 60 Minutes, airing on December 8, 2024, where he discussed the company’s ongoing legal fight with the U.S. Securities and Exchange Commission (SEC).

Garlinghouse criticized the SEC’s approach, stating that it was a key reason why Ripple and two other companies formed the industry super PAC, FairShake, to fight back against what he described as a “war on crypto.” He suggested that FairShake might not have existed if the SEC had a different chairman than Gary Gensler.

When an SEC spokesperson said that the amount spent by the crypto industry on legal defense is minimal compared to the losses investors have faced due to frauds and market failures, Garlinghouse revealed Ripple’s financial contributions, revealing that the company has spent over $150 million fighting the SEC’s stance on XRP.

He said that Ripple argues XRP should not be treated like a stock and be subject to the same registration and disclosure requirements. Garlinghouse stressed that Ripple is not seeking to be deregulated but instead asking for clear regulations from Congress to address the unique nature of digital assets.

“I went to Harvard Business School. I think I’m reasonably intelligent about something like, “What is a security?” So never once had I considered the possibility– that, “Okay, maybe XRP’s a security. We haven’t been asking to be deregulated. We’ve been asking to be regulated. So we have been saying, “Hey, look, just give us clear rules of the road,” he said.

XRP Price Reacts:

XRP, Ripple’s cryptocurrency, is currently experiencing a surge, approaching the $2.60 mark. At the time of writing, it was trading at $2.55, a 4.5% increase. Investors are optimistic about the future of the crypto industry, especially under a potential Trump presidency, as Ripple’s blockchain-based payment system continues to gain attention.

Previously, XRP’s price saw a boost following speculation about a possible meeting between Garlinghouse and President-elect Trump, as well as news about SEC Chairman Gary Gensler’s resignation.

@ Newshounds News™

Source:  Coinpedia

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HONG KONG TO INTRODUCE STABLECOIN FRAMEWORK

Hong Kong is establishing a bill that outlines a detailed framework for stablecoin issuers and marketers.

Under the proposed framework, stablecoin issuers and marketers must secure licenses from the Hong Kong Monetary Authority (HKMA). 

The rule applies to all stablecoins, including those pegged to the Hong Kong dollar, while issuers are required to maintain reserve assets in local banks. Foreign custody might also be allowed by HKMA under specific conditions.

New compliance measures will be implemented, such as a minimum paid-up capital requirement of HK$25 million, as well as proof of robust financial health, sufficient liquidity, and risk management frameworks. Misrepresentation or false promotion of stablecoins is explicitly prohibited.

HKMA has also further expanded its authority to oversee, investigate, and enforce compliance.

The Stablecoins Bill will be introduced into the Legislative Council for a first reading on December 18.

“The legislative proposal is essential for Hong Kong in fulfilling our obligations as a member of the Financial Stability Board,” Christopher Hui Ching-yu, Secretary for Financial Services and the Treasury, said in a statement.

“This risk-based proposal aims to promote a robust regulatory environment, which is in line with Hong Kong’s approach to virtual-asset development.”

Hong Kong's bill positions it as an early mover alongside the EU and Japan. In July, Circle, the issuer of the USD Coin (USDC) and Euro Coin (EURC) stablecoins became the first global stablecoin issuer to achieve compliance with the European Union's Markets in Crypto-Assets (MiCA) regulatory framework.

In June, the Japanese parliament enacted a law recognizing stablecoins as a form of digital currency. According to the legislation, stablecoins must be tied to the yen and ensure holders can redeem each token at its full face value.

Hong Kong has made significant strides in an attempt to establish itself as a crypto-friendly regional hub. Just last month, Hong Kong proposed waiving crypto tax for wealthy individuals in an attempt to strengthen its position as a leading regional crypto hub.

In a 20-page proposal, the Hong Kong government said the tax exemption would apply to private equity funds, hedge funds, and the investment vehicles of wealthy individuals on cryptocurrency gains, private credit investments, and other asset classes.

@ Newshounds News™

Source:  BlockHead

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Mason afternoon chat  |  Youtube

Enlightenment/Spiritual growth ~ Mason explains how the government instilled racial divisions and how the UNIVERSE can bring different ethnic groups together to live in harmony.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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6 Financial Moves You Should Make By Dec. 31: Wills, Trusts, Iras, More

6 Financial Moves You Should Make By Dec. 31: Wills, Trusts, Iras, More

Daniel de Visé, USA TODAY Sun, December 8, 2024

We’re nearing the end of 2024. So it's an especially good time to assess what financial moves you should make before the clock runs out. Luckily, financial planners spend the final weeks of the year thinking about just such things.

Back in 2023, we asked several experts for their thoughts, and we made a list of six key financial steps to take by Dec. 31. Readers responded, so we reached out to the same experts again this year, along with one or two new ones, to see if their advice had changed. The answer: Not really.

Here are their suggestions, which include bolstering retirement savings, tweaking insurance coverage and seeking savvy tax shelters.

Update Beneficiaries On 401(K), Life Insurance Policy

A typical investment account or life insurance policy requires you to name beneficiaries, the loved ones who will get the money upon your demise. For many of us, beneficiary designations function as an estate plan: they’re legally binding and dictate what happens to a large portion of your assets.

Some people don’t get around to naming beneficiaries. Births, deaths and family feuds can change the estate-planning landscape. The end of the year is a good time to take stock.

“I suggest making sure your beneficiaries are up to date on your investment accounts,” said Colin Day, a certified financial planner in St. Louis.

“It might not be the first thing people think of, but you will be surrounded by loved ones during the holiday season,” Day said. “It's a great reminder that you love and support these people, and you want to make sure your hard-earned dollars will get to them if something were to happen.”

Review Estate Plan And Insurance Coverage

More broadly, the year’s end is a good time to review your estate plan, powers of attorney and insurance coverage, said Paul Mendelsohn, a certified public accountant in Livingston, New Jersey.

“Do you have life insurance, long-term disability insurance and long-term care insurance?” Mendelsohn said. If not, should you consider getting them? Long-term care insurance, perhaps the least-known of these three, helps cover the costs of assisted living and nursing homes.

Keep in mind, Mendelsohn said, that if one spouse has an insurance policy through work, “it does not cover the other spouse.”

If you haven’t done so recently, “schedule a meeting with an estate planning attorney to create or update your will, health care directives and other legal documents,” said Niv Persaud, a certified financial planner in Atlanta.

Make Charitable Donations And Gifts

TO READ MORE: https://news.yahoo.com/news/finance/news/6-financial-moves-dec-31-100315343.html