Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Thursday Morning 12-12-2024

TNT:

Tishwash:  Government advisor: Tighter controls on suspicious money transfers reduce exchange rate manipulation

12/11/2024

Baghdad - WAA - Nassar Al-Hajj

Advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed today, Wednesday, that tightening control over suspicious financial transfers reduces manipulation of exchange rates and the stability of the national currency, while indicating that limiting speculation reduces the use of foreign currencies in unproductive operations.

Salih said in a statement to the Iraqi News Agency (INA): "The Prime Minister's directives to the monetary a

TNT:

Tishwash:  Government advisor: Tighter controls on suspicious money transfers reduce exchange rate manipulation

12/11/2024

Baghdad - WAA - Nassar Al-Hajj

Advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed today, Wednesday, that tightening control over suspicious financial transfers reduces manipulation of exchange rates and the stability of the national currency, while indicating that limiting speculation reduces the use of foreign currencies in unproductive operations.

Salih said in a statement to the Iraqi News Agency (INA): "The Prime Minister's directives to the monetary and financial authorities stressed the intensification of inspection and control procedures for financial transfers and monitoring speculators, which remain of great importance in enhancing currency stability and reducing speculation that is harmful to the national economy, through mechanisms leading to combating illegal speculative activities, including specifically: tightening control over suspicious financial transfers that conflict with the rules of compliance and transparency in a manner that reduces illegal activities, such as money smuggling or manipulation of exchange rates, which maintains the stability of the value of the national currency."

He added that "taking strict measures against speculators and manipulators in the currency market strengthens confidence in the financial system and demonstrates the strength of government policy in protecting the national economy, and increases the confidence of citizens and investors in the country's financial system, in addition to directing resources towards the real economy to invest in the available opportunities in it, whether industrial, agricultural or service," noting that "by limiting speculation, the use of foreign currencies in unproductive operations is reduced, which helps to provide them to finance imports or beneficial investments."

He continued that "the protective measures against currency speculation come to limit the negative effects resulting from the impact of regional crises, through preventive measures that reduce the exploitation of economic and political crises in the region to achieve illegitimate gains, which enhances the stability of the local market."

Saleh explained that "the importance of limiting speculation and speculators' opportunities remains in enhancing the efficiency of the banking system through the role of monitoring financial transfers, which undoubtedly contributes to revealing the loopholes in the banking system and enhancing governance and transparency in it, as such measures are in line with the comprehensive reform plan for the financial and banking sector, and aim to enhance financial stability and prevent violations that negatively affect the national economy."   LINK

Tishwash:  Al-Hakim: Kirkuk will get its due in the 2024 budget

The head of the National Wisdom Movement, Ammar al-Hakim, held a press conference in Kirkuk on Wednesday, during which he confirmed that support for the governorates will be present in the 2024 budget and Kirkuk will receive its due share.

Al-Hakim said during the conference, during his meeting with a number of members of the provincial council, heads of administrative units, directors of service departments, and security leaders in the province, in the presence of Governor Ribwar Taha, his deputies, and the head of the provincial council, Engineer Muhammad Ibrahim Al-Hafez, that “Kirkuk is an icon of Iraqi coexistence and the key to consolidating national unity.”

He stressed the "importance of administrative decentralization and the powers of local governments as a guarantee for the unity of Iraq," calling for "abandoning the rentier state and activating productive sectors."

He added, "Kirkuk is a model of coexistence and is prepared to activate agriculture, industry and tourism," indicating that "support for the governorates will be present in the 2024 budget and Kirkuk will get its due share."

He called for “fighting corruption, supporting youth, and spreading positivity,” stressing that “improving services enhances confidence in the political system and fortifies the country,” noting “restoring the powers of local governments according to the constitution and working to facilitate citizens’ transactions.”

Al-Hakim praised the “zeroing of Kirkuk’s stalled projects and stressed the importance of investing in health and education,” adding that “diversifying the economy is the solution to confronting the challenges of population growth.”  link

************

Tishwash:  Parliament and government.. a race with the 2025 budget

The 2025 budget schedules in Iraq are witnessing a delay that is causing widespread controversy between the government and parliament, as the government has not yet sent the full details of the budget to the House of Representatives, which has raised concerns among members of the parliamentary finance committee about the deadline for approval. 

The statements indicate that the reasons for the delay are related to reviews of financial schedules, especially those related to oil extraction expenses in the Kurdistan Region and the costs of projects funded in 2025.

The Financial Management Law requires the government to submit the general budget to the Council of Representatives 45 days before the beginning of the fiscal year, in order to allow the necessary time to discuss and approve it. Despite the clarity and explicitness of the legal text, no Iraqi government, including the current government, has committed to implementing this entitlement.

Speaking about this file, member of the Parliamentary Finance Committee, Mustafa Al-Karaawi, revealed the existence of legal and constitutional violations by the government in sending the budget law to the House of Representatives.  

Al-Karawi said in a statement to Al-Maalouma Agency, “Article 77, paragraph two of the Federal Triennial Budget Law indicated that the government must send the budget tables before the end of the fiscal year,” indicating that “the government sent only one amendment to the text of the budget, which is the text of Article 12 related to the costs of extracting oil in the region.” 

He added, "Not sending the schedules on time is considered a legal and constitutional violation, and if the government proceeds with amendments to the articles, there are many articles that need to be amended and to be fair to many groups," adding, " We recorded all of these observations in the session last Tuesday during the first reading of the amendment to the budget law.” 

He explained that "his committee is working on re-amending the budget and sending it to the government to work on general amendments to the law so that it is fair to all segments of society and addresses the problems in the previous budget." 

In addition, a member of the Parliamentary Finance Committee, Hussein Mounes, revealed that the budget amendments are subject to political amendments, not technical ones. 

In a statement to Al-Maalouma Agency, Mounes said, “The government has a point of view in resolving the issues with the region and limiting oil smuggling operations by increasing production costs by $16 per barrel.” 

He added, "During the discussion of the proposal, we raised several questions: Why was $16 set? Is it a technical or political consensus number?"

He pointed out that "the Parliamentary Finance Committee hosted the concerned parties and they confirmed to us that the issue is political and not technical."

He explained that "the government's proposal is to form an advisory body, and in the event of non-compliance, a committee of consultants will be formed to determine production costs."

He pointed out that "the Finance Committee determined that the amount would be an advance granted to the region and that a settlement would be arranged later." 

He added, "There are approximately 256 thousand barrels smuggled daily from the region with OPEC's permission. This file must be closed because it negatively affects government production," stressing that "the Finance Committee has reservations regarding the advances and loans granted to the region. "

It is noteworthy that the House of Representatives previously hosted Prime Minister Mohammed Shia Al-Sudani and his deputies, the Minister of Planning, the Minister of Foreign Affairs, and the Minister of Interior, where the amendments to the budget for next year 2025 were discussed .  link

Tishwash:  The Iraqi Parliament... Frustrates Iraqis and Causes Huge Financial Losses

The Iraqi parliament ended its second legislative session without being able to pass any of the pending controversial laws, despite extending its sessions for an additional month to try to resolve these sensitive issues.

At the forefront of these laws are the general amnesty, personal status, state real estate, and the vital amendment to the general budget law, which is seen as a renewed dilemma affecting the resumption of oil exports from the Kurdistan Region.

These issues reflect the deep-rooted differences between political parties, where factional, sectarian and national interests appear to be a solid barrier to any common understanding.

According to an informed political source speaking from Baghdad, “the delay in passing the laws was not due to the complexity of the texts as much as it was a direct result of party directives that prompted some representatives to deliberately miss sessions in order to disrupt the legal quorum.”

The source added that these directives are linked to what he called “rearranging political alliances” that precede any influential vote.

Citizen Ahmed Al-Saadi, an activist from Basra, commented in a Facebook post saying: “The House of Representatives lives in a parallel world; it discusses matters that concern its interests while the citizen suffers from crises in services and the economy. The budget is faltering, oil exports have stopped, and millions are being lost every day.”

A similar tweet on the X platform described the situation as “legislative chaos that reflects the collapse of the concept of the state in favor of the concept of class and party.”

The election of Mahmoud al-Mashhadani as the new speaker of parliament has sparked great controversy. Analysts have suggested that this change reflects an attempt to restore the image of the legislative institution, but the same analyses have not ruled out that the issue could turn into a mere change in names without achieving a fundamental change in performance.

Social researcher Ali Al-Jubouri said: “This election is like trying to treat a deep wound with a simple bandage. The problem lies in the quota structure that turns positions into fixed shares for parties and sects.”

On the other hand, obstructing the amendment related to the budget law will cause the state huge losses.

According to economic information published by a local financial institution, stopping oil exports from the Kurdistan Region costs Iraq more than $8 million per day, deepening the financial crisis for both the federal state and the region.

Kurdish citizen Saman Abdullah from Erbil spoke in a video clip he posted on Facebook, saying: “Political differences do not only harm Baghdad, but we in the region are paying the price directly. Employee salaries are delayed, and prices are rising without control.”

An analysis by economic expert Fadhel Al-Dulaimi explained that the crisis could become more complicated if it is not resolved in the coming months.

Al-Dulaimi said: “Without an agreement on the budget law and oil exports, the economic situation may explode, especially with the increase in debts and the decrease in cash reserves.”

The atmosphere inside the parliament is described as gloomy, according to what a citizen named Iman Al-Taie said on her X account, where she said: “The representatives are exchanging accusations via media platforms, while we have not seen any practical steps yet. Everyone blames everyone else, but it is the people who pay the price.”

Thus, the Iraqi parliament remains stuck in a vicious circle of disagreements, as its sessions turn into an arena for settling political scores instead of resolving crises. Analysts expect that this situation will continue as long as sectarian and nationalist quotas govern the state’s scene.  link

************

Tishwash:  Strengthening Iraq’s position”: Praise for Al-Sudani and Al-Halbousi’s regional and international moves

Political analyst, Aid Al-Hilali, praised today, Wednesday, the regional and international moves made by Prime Minister Mohammed Shia Al-Sudani and the head of the Progress Party, Mohammed Al-Halbousi, to enhance Iraq's position and have a role in shaping the region's policies in the future.

Al-Hilali told Al-Jarida, “Iraq, with its careful and balanced stance, has gained the respect and appreciation of the regional and international environment, and the moves made by the Prime Minister at various levels in the issue of openness to the Arab and international environments come in order for Iraq to have a role in shaping the region’s policies in the future. This is a result of Iraq’s great recovery and the agreements and partnerships signed by the Iraqi government with countries of the world, and these connections have great effects on Iraq’s position.”

He added, “There are also political parties that have worked to open channels for dialogue, especially with the United States of America, and one of these figures is Mohammed al-Halbousi, who returned the visit to America and was well received there. This visit received different reactions, between those who welcomed it and those who doubted it, but it seems that al-Halbousi’s visit is in the interest of Iraq and the Iraqi government and greatly supports the position of the Iraqi government.”

He pointed out that “Al-Sudani’s visit to Jordan today and before that his contact with the Emir of Qatar confirms Iraq’s firm and steadfast position and strengthens its position and makes it steadfast in its position, and this stance will be credited to Iraq and Al-Sudani, and despite some political leaders issuing irresponsible statements, Al-Sudani’s rationality, calmness and balance were positively reflected in Iraq’s position.” link

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MilitiaMan & Crew-Iraq Dinar News-Kurds-Baghdad-Salaries-Budget Law-Auction Deadline Sunday- Currency-Article 12

MilitiaMan & Crew-Iraq Dinar News-Kurds-Baghdad-Salaries-Budget Law-Auction Deadline Sunday- Currency-Article 12

12-11-2024

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

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

MilitiaMan & Crew-Iraq Dinar News-Kurds-Baghdad-Salaries-Budget Law-Auction Deadline Sunday- Currency-Article 12

12-11-2024

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=IY_dGTrWwRQ

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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Wednesday Evening 12-11-24

Good Evening Dinar Recaps,

US DEMS CHOOSE LEADERSHIP FOR COMMITTEES CRUCIAL TO CRYPTO POLICY

Republican lawmakers are also expected to choose leadership roles for Senate and House committees soon.

Democratic lawmakers have selected ranking members of key committees going into the 119th United States Congress as the party prepares to be in the minority.

Good Evening Dinar Recaps,

US DEMS CHOOSE LEADERSHIP FOR COMMITTEES CRUCIAL TO CRYPTO POLICY

Republican lawmakers are also expected to choose leadership roles for Senate and House committees soon.

Democratic lawmakers have selected ranking members of key committees going into the 119th United States Congress as the party prepares to be in the minority.

In a Dec. 11 notice, Democrats said California Representative Maxine Waters would continue to serve as the ranking member of the House Financial Services Committee into 2025 as the new Congress is sworn in.

The House committee is responsible for legislation and policies affecting the financial services sector, including the cryptocurrency industry.

North Carolina Representative Patrick McHenry, a Republican, will chair the committee until Jan. 3, when he will leave officeRepresentative Waters has been acting as the committee’s ranking member — the highest leadership position for a party in the minority — since January 2023, when Republicans took a majority of seats in the House.

With McHenry’s impending departure, a few Republicans are under consideration as the next committee chair, including digital assets subcommittee chair French Hill. Lawmakers in the party are expected to decide on leadership positions in the next seven days.

Republicans will take control of the banking committee

With Democrats also losing their majority control of the Senate in January, the party is restructuring its roles for other committees impacting crypto policy. Massachusetts Senator Elizabeth Warren announced after winning her election against Republican John Deaton that she would be the ranking member of the Senate Banking Committee.

The banking committee provides oversight of the US Securities and Exchange Commission and regulators relevant to the crypto industry. Ohio Senator Sherrod Brown, a vocal digital asset skeptic who lost his reelection bid to Republican Bernie Moreno, will chair the committee until January.

Senator Tim Scottthe current ranking member of the banking committee, is poised to be the next chair. The South Carolina lawmaker said at the Bitcoin 2024 conference in July that he would support pro-crypto legislation as chair if Republicans won a majority in the chamber.

Committee providing oversight of CFTC also changing hands

In the Senate Agriculture Committeecurrently chaired by Democratic Senator Debbie Stabenow and Republican John Boozman as the ranking member, there is also expected to be a shakeup in leadership following the results of the 2024 election.

Senator Stabenow announced in 2023 that she intended to retire at the end of her term, leaving the door open for Democratic Senator Amy Klobuchar to potentially replace her as ranking member of the committee starting in January. Boozman is also expected to step up as chair.

The agriculture committee has oversight authority of the Commodity Futures Trading Commission, one of the agencies responsible for regulating aspects of the crypto industry. If the Financial Innovation and Technology for the 21st Century Act is signed into law in the next Congress, the CFTC could have more significant influence over digital assets than the SEC.

@ Newshounds News™

Source: CoinTelegraph 

~~~~~~~~~

CRYPTO NEWS INDIA: DIGITAL RUPEE TO TRANSFORM PAYMENTS, SAYS OUTGOING RBI GOVERNOR

▪️Outgoing RBI Governor envisions CBDCs replacing paper money for efficient transactions.

▪️Shaktikanta Das calls for careful phased rollout after sufficient research and user data.

▪️Digital rupee expansion targets instant settlements with Asian and Middle Eastern partners.


India is stepping into a new era of finance with the introduction of the digital rupee, a Central Bank Digital Currency (CBDC)Retiring Reserve Bank of India (RBI) Governor Shaktikanta Das recently shared his vision for this groundbreaking currency and how it could reshape the country’s economy.

A Vision for Change

In his farewell speech on December 10Das spoke about the digital rupee’s potential to revolutionize payments in India. He explained that it could reduce dependence on paper money and make transactions faster and more efficient.

“The RBI, among the central banks, is a pioneer,” Das said, highlighting the institution’s leadership in CBDC development.

India has already taken significant steps toward adopting the digital rupee. The RBI has launched pilot projects, placing India ahead of many countries still in the testing phase. These pilots mark India as a global leader in exploring the possibilities of CBDCs.

Careful and Steady Rollout

Das thinks CBDCs could be very helpful, not only for payments in India but also for transactions between countries. While Das expressed excitement about the digital rupee’s future, he emphasized the need for a slow and steady rolloutHe stressed the importance of conducting more research to ensure the currency integrates smoothly into the economy.

Beyond its use in domestic payments, Das also highlighted the digital rupee’s potential for international transactions. He pointed out that India’s payment platform already supports countries like Sri Lanka, Bhutan, and Nepal, laying the groundwork for cross-border CBDC adoption.

New Leadership, New Challenges

As Sanjay Malhotra steps in as the new RBI governor, markets are watching closely to see how he navigates India’s financial challenges. With inflation and economic growth at the forefront, Malhotra’s decisions will play a crucial role in shaping the digital rupee’s future and driving India’s financial transformation.

Under strong leadership and with careful planning, the digital rupee has the potential to revolutionize the way India—and eventually the world—handles payments and transactions.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

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Iraq Economic News and Points to Ponder Wednesday Afternoon 12-11-24

Identifying The Most Prominent Ways To Reduce “Manipulation” Of Exchange Rates And Stabilize The National Currency

 December 11, 2024 Baghdad/Iraq Observer  Today, Wednesday, Advisor to the Prime Minister, Mazhar Muhammad Saleh,  revealed ways to
 
     reduce manipulation of exchange rates and
     stabilize the national currency, while stressing the
     reduction of the use of foreign currencies in unproductive operations.

Identifying The Most Prominent Ways To Reduce “Manipulation” Of Exchange Rates And Stabilize The National Currency

 December 11, 2024 Baghdad/Iraq Observer  Today, Wednesday, Advisor to the Prime Minister, Mazhar Muhammad Saleh,  revealed ways to
 
     reduce manipulation of exchange rates and
     stabilize the national currency, while stressing the
     reduction of the use of foreign currencies in unproductive operations.

Saleh said in a statement to the official agency and followed by “Iraq Observer”:
 
“The Prime Minister’s directives to the monetary and financial authorities stressed the intensification of inspection and control procedures for financial transfers and monitoring speculators.
 
This remains of great importance in
 
     enhancing currency stability and
     reducing harmful speculation in the national economy, through mechanisms.” Leading to
     combating illegal speculative activities, including specifically:
     tightening control over suspicious financial transfers that conflict with the rules of
     compliance and transparency and in a way that
     reduces the activities. Illegal acts, such as money smuggling or manipulation of exchange rates, which
     maintains the stability of the value of the national currency.” He added,
 
 “Taking strict measures against speculators and manipulators in the currency market
 
     strengthens confidence in the financial system and
     demonstrates the strength of government policy in protecting the national economy, and
     increases the confidence of citizens and investors in the country’s financial system, as well as
     directing resources towards the real economy to invest in the opportunities available in it, whether industrial.” Or agricultural or services,” pointing out that
 
“by limiting speculation, the use of foreign currencies in
 
     unproductive operations is reduced, which
     helps save them to finance imports or beneficial investments.” He continued,
 
“The measures to protect against currency speculation come to limit the negative effects resulting from the impact of regional crises, through preventive measures that reduce the exploitation of economic and political crises in the region to achieve illicit gains, which enhances the stability of the local market.”

Saleh stated that “the  importance of reducing speculation and the opportunities of speculators remains to
 
     enhance the efficiency of the banking system through the role of
     monitoring financial transfers, which undoubtedly contributes to
     revealing the gaps in the banking system and
     enhancing governance and transparency in it, as
 
such measures
 
     are in line with the comprehensive reform plan for the financial sector.” and banking, and aims to
     enhance financial stability and
     prevent violations that negatively affect the national economy.” https://observeriraq.net/تحديد-أبرز-طرق-تقليل-التلاعب-بأسعار-ا/   

What Is The Relationship Between Gold Imports And Dollar Smuggling In Iraq?
 
Economy | Yesterday, 13:02 | Baghdad today – Baghdad Economic affairs specialist Ahmed Al-Tamimi confirmed today, Wednesday (December 11, 2024), the  use of  gold import operations in operations to smuggle the dollar out of Iraq.
 
Al-Tamimi said, in an interview with “Baghdad Today,” that “recently, there have been more gold imports by the Emirates and Turkey than in previous periods, and  this indicates the existence of operations to smuggle the dollar through such import operations, especially since the dollar for these operations is done through the official price.”
 
Through a special platform, this brings huge profits to some of these smugglers.” He stressed that  
"there must be strict controls on importing gold from abroad, and imports must be according to specific weights as well as time frames between one operation and another.
 
This matter may lead to tightening American measures again on the dollar in Iraq, as  
this matter is an indicator of smuggling operations through... Importing gold, and even 
Iraqi government agencies are aware of this, and they are working to limit it during the next stage.”
 
In a related matter, independent MP Kazem Al-Fayad confirmed, on Friday (October 25, 2024), the existence of companies working to smuggle currency abroad in many illegal ways. Al-Fayyad told Baghdad Today:
 
 “There are fake companies in Baghdad and the rest of the governorates that work to smuggle currency.
 
There are also non-fake companies that also work to smuggle work in many different illegal ways, and  
some of them were revealed by the competent authorities during the past periods.”

He stated,  “Despite the tightening of security and oversight by the Central Bank and other arties,  these companies are still working to smuggle currency, and  this is considered the most prominent reason for the continued rise of the dollar in the parallel market, significantly above the official price, and  some of these companies are affiliated with influential parties and figures.”
 
"It takes advantage of this matter in its illegal operations."
 
On Sunday (August 18, 2024), the Parliamentary Security and Defense Committee revealed the secrets of 6 specific strikes by what it called hard currency smuggling mafias in Iraq.
 
Committee member Representative Yasser Iskandar Watut told Baghdad Al-Youm,
 
Smuggling hard currency in all its forms  is a drain on the country’s economic capabilities and  leads to pressure on the markets by raising exchange rates which leads to an increase in prices.”

Watout added,  “There are efforts being made, some of which are exceptional, through the reports we receive that reflect the continued implementation of a series of strategies to reduce the smuggling of hard currency, which has been controlled by up to 80% in recent months through the efforts of the Ministry of Interior and its formations with the Central Bank, which have achieved results.” positive in this regard.

He pointed out that   “six operations that took place in the past months represent qualitative strikes against the hard currency smuggling mafias in Iraq, and they bore fruit.” He explained,
 
“But has smuggling ended completely?
 
The answer is no, and efforts are continuing to end these illegal acts, which are carried out with complexities that require intense and multiplied work from before the competent authorities.   
 
https://baghdadtoday.news/263738-ما-علاقة-عمليات-استيراد-الذهب-بتهريب-الدولار-في-العراق؟.html   

The Governor Of The Central Bank Of Iraq Receives A Delegation From The International Finance Corporation
 
December 11, 2024    His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq,
received a delegation from the International Finance Corporation, which included the director of the institution’s financial sector in the region, Mr. Yousef Habash, and Mr. Bilal Al-Zaghir, the resident representative in Iraq, the financial investment officer, and the head of the advisory department.

During the meeting, they discussed    strengthening bilateral relations between the Central Bank of Iraq and the International Finance Corporation, the importance of  
     cooperation between local banks and correspondent banks with technical support from the institution, and the  
     development of Islamic banks operating in Iraq, as well as the 
     banking reforms that the bank is carrying out in cooperation with the concerned authorities, especially the restructuring of government banks.

The  role of international companies working in this field (Ernst & Young and Oliver Wyman).
 
His Excellency the Governor discussed the proposal to establish a leasing finance company  with local and foreign contributions,
 
which is one of the financial systems used to provide financing for projects and individuals without the need to directly purchase assets such as
 
     industrial machinery and equipment,
     vehicles, offices, and
     warehouses.

This proposal supports
      emerging projects and
     small and medium-sized companies that are looking for easy financing. And flexible.
 
The meeting discussed the importance of launching Riyada Bank during the next year, which will support projects with small and medium loans, in line with the government’s vision of supporting graduates and entrepreneurs and developing labor markets. Central Bank of Iraq     Media office     December 11, 2024   https://cbi.iq/news/view/2733  
    
  For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20

Wednesday Evening Chat with MarkZ 12-11-2024

Wednesday Evening News With MarkZ

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Good evening one and all!!

Member: Hoping Mark has more great news tonight

Member: Tomorrow is 12-12-24 (4 12’s) …..A very big number for the Chinese- we hope.

Wednesday Evening News With MarkZ

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Good evening one and all!!

Member: Hoping Mark has more great news tonight

Member: Tomorrow is 12-12-24 (4 12’s) …..A very big number for the Chinese- we hope.

MZ: I have had many of my contacts let me know they cannot speak. A couple bond contacts told me the same thing after several meetings and phone calls they just had .

MZ: Today I had a contractor just do the same thing….which is very unusual. He did have a meeting about a new rate but cannot say anything. That made me feel good. I was waiting for that to happen. It doesn’t give me an idea on timing…but know it’s closer rather than further.

Member: silence really is golden!!

MZ: Some interesting stuff out of Iraq: ”Sayyid al Sadr issues statement on Iraqi borders “ He says they are strengthening their borders and keeping it to themselves. They want to make certain Iraq stays stable.

MZ: “Why are pallets of US dollars showing up in Damascus”? This is in Syria in a government building in Damascus after the fall of Assad. There was a video where it was being looted at the time. Pallets stamped from the Federal Reserve in New York.

Member: Where the heck is all this money coming from?

Member:  They were flying pallets of USD from Iraq to Iran. One of the pilots said that he had a knee high pallet of dinar

​​Member: A pallet of $100 dollar bills is $100 million

Member: what did the D1&2 mean again???

Member: D1 and D2 mean Dubai 1 and Dubai2. just another tier for finance level.

Member: Trump is to ring the bell at the Stock Exchange tomorrow!!! I wonder what that means?

Member: Let’s get going with the RV! We all want a great Christmas

Member: Congratulations To All Celebrating Their Anniversaries & Birthdays Today

Member: Have a great night everyone

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

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

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

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

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

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

Youtube:     https://www.youtube.com/watch?v=IiuJcZVNJj0

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

Danielle DiMartino Booth: The Recession the U.S. Needs is Already Underway

Danielle DiMartino Booth: The Recession the U.S. Needs is Already Underway

Palisdes Gold Radio:  12-11-2024

Tom Bodrovics engages in a discussion with Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, former Fed Insider, and author of the book "Fed Up."

Danielle stresses the importance of monitoring private sector actions, particularly in 2025 due to recent job losses and the significance of shelter inflation's impact on the Federal Reserve. She highlights an upward trend in unemployment rates and potential recession expectations, but does not believe one is necessary.

Danielle DiMartino Booth: The Recession the U.S. Needs is Already Underway

Palisdes Gold Radio:  12-11-2024

Tom Bodrovics engages in a discussion with Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, former Fed Insider, and author of the book "Fed Up."

Danielle stresses the importance of monitoring private sector actions, particularly in 2025 due to recent job losses and the significance of shelter inflation's impact on the Federal Reserve. She highlights an upward trend in unemployment rates and potential recession expectations, but does not believe one is necessary.

The conversation touches upon central bankers' confidence bubble and its implications for the current economic climate.

They also delve into commercial real estate markets and the potential repercussions on banks and markets. Serious concerns in this sector have led to double defaults on commercial mortgage-backed securities, with regulators putting pressure on credit rating agencies not to downgrade them.

Tom also inquires about other financial burdens, such as rising unemployment, falling house prices, and mortgage delinquencies, which contribute to significant household financial pressures.

Canadian banks have announced larger losses but maintain they are contained. Banks attempt to slow charge-offs by modifying loans and extending terms, but this approach has limitations due to the possibility of re-default.

Danielle concludes the conversation by encouraging listeners to maturely face sacrifices and embrace long-term benefits that come with cutting government waste.

Time Stamp References:

0:00 - Introduction

0:44 - The Economy & Stats

 2:49 - Unemployment & Layoffs

 3:38 - Powell & Trump

 4:37 - Revisions & Recession

6:25 - Bankruptcies & Rates

8:13 - C.B. Confidence/Hubris

 11:22 - Dollar Strength & Trump

14:57 - Inflation Thoughts

16:47 - Housing Confidence

 19:38 - Commercial Real Estate

20:57 - Consumers & Banking

22:37 - Safe Assets & Dividends

24:14 - Buy Now Pay Later

? 26:42 - 2025 and Gov't Spending

27:49 - Wrap Up

Talking Points From This Episode

Danielle emphasizes investors monitor private sector actions amid job losses, shelter inflation, and potential recession concerns.

Concerns center around Central bankers' 'confidence', commercial real estate risks, and household financial pressures.

DiMartino cautions listeners that Trump cuts may require short to medium term sacrifices to gain long-term benefits.

https://www.youtube.com/watch?v=Wj7vTzWfxOI

 

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Bruce’s Big Call Dinar Intel Thursday Night 12-10-24

Bruce’s Big Call Dinar Intel Thursday Night 12-10-24

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It is Tuesday, December 10TH and you're listening to the big call. Thanks everybody for tuning in, wherever you're located, all over the globe. Good to have you, and we look forward to a good call tonight. Maybe give a few answers tonight for questions that we all have, including one. So let's let us begin with a prayer

Let's consider where we are right now

I want to talk first of all, since we kind of talked briefly about the med beds in Sue's class that she did, which we affectionately call the med bed pop up. It was a two night class, about three hours between the two nights, and really a great way to see 65 different aspects that could be utilized when putting together your interview, which is usually 15 minutes prior jumping into the med bed.

Bruce’s Big Call Dinar Intel Thursday Night 12-10-24

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It is Tuesday, December 10TH and you're listening to the big call. Thanks everybody for tuning in, wherever you're located, all over the globe. Good to have you, and we look forward to a good call tonight. Maybe give a few answers tonight for questions that we all have, including one. So let's let us begin with a prayer

Let's consider where we are right now

I want to talk first of all, since we kind of talked briefly about the med beds in Sue's class that she did, which we affectionately call the med bed pop up. It was a two night class, about three hours between the two nights, and really a great way to see 65 different aspects that could be utilized when putting together your interview, which is usually 15 minutes prior jumping into the med bed.

They'll give you time to talk about what it is you want to see done in your body, in your mind, in whatever aspect it is, and then they'll enter that on the computer and plug all that in when you get the med bed.

And it's important that I mention this that okay, we haven't talked a whole lot about the med bed on the big call. We talked about it around about, you know that is going to be available by referral. And so each one of us there's a priority to it.

Dire need is the top priority if you're near death, if you're just in an emaciated state, and you need help, if whatever the dire need is, and you combine that with, okay, I'm a zim holder. I have a lot of zim. I'm about to start these projects. What they want to do is keep those of us who have zim and have projects around for two or 300 or plus years or more to see our project to fruition, to completion.

So in that regard, those with dire need and Zim holders are in the top category and will have first shot at getting into the med beds.

And I don't know that we've talked about it in that light for but it's important that when you go into your appointment for your exchange and your and your redemption of Zim, that you let them know, hey, you know they may know it. For me, they'll know it because I won't be able to see hardly anything, I say, Oh, he's almost fine. Yeah, that's right. And whatever other let them know that when you go in and they'll be hitting some keystrokes, that you're definitely a med bed contender, and probably right away, okay, so urgent or dire need.

Now, each one of us has six referrals that we can make when we go into the med bed appointment. We should have a list of six people now they might be older. My List has older people in their 80s. It's got people with loss of leg, or this problem or that problem that's considered a dire problem.

Going to be bringing a list in my list because of the big call and who I am, I have a larger list, but everybody can have six people on a list, and make sure that you know if you have a large family, consider that a separate list. You might be able to get away with family plus six other people.

Okay, so just consider that if you've got older relatives or uncles or parents or grandparents that are still with us, then you can put them on your list. Now you don't put their condition or situation, but just put their name, maybe their age and their phone number, or the person that you need to call to get in touch with about them.

Okay, so that would be a way for them to have heard of what you're telling them, and they'll have that, and they'll enter that, and they'll be able to get up with those people and set an appointment for them for the med bed I'm looking forward to it, and you guys know I am because I haven't been able to read anything in about 11 or 12 years, and I can't wait to get in there. I'm looking forward to it.

So I just wanted to say about med beds, consider being short referral list, because here's the thing, just anybody getting into the med bed, it's under very careful scrutiny  - we're going to have an NDA of sorts with the med bed because they don’t want you to  disclose where the center is. You can't tell them where it's located. And you can’t tell them the name or names of the people that  help you when you're in the med bed Center, you can talk about your experience to other people, and if you see them, they'll see some things  okay about you, that might be different, or they should see some change.

 That's okay. That's okay to talk about, but you cannot talk about where it is, the town, it's in the location of the med bed center, and will they help you when you were in there – Nothing about them - Okay, just keep that in mind. I don't know if anybody told you that. That is what I'm telling you tonight.

All right, let's move into more intel. So we had information late last night that was pointing toward us getting notified. Well, let me, let me back up a minute. Sometimes I get ahead of myself, the emails that were going out to the banks and to the leaders or principles of the redemption centers were to go out and yet gone out as of the big call tonight

They may be going out already now, and they may go out in the morning, but the word is that once those were received, we in tier 4b and tier 4a, which is admirals group, and the bond holders in tier three, were to be notified today by early this afternoon and set appointments this afternoon.

I was told I thought I would have numbers today and be able to put them out live on the big call tonight. Didn't happen, and we found out. For once, we found out the reason why it was pushed, and the reason was pushed till tomorrow, which is what I was told tonight, right before the big call started, was because there's a certain person inside treasury of the restored Republic, our new Treasury that needed to be removed – Today -  

Now, that was evidently  enough of a reason to move our start date to tomorrow that we would be receiving  notifications, setting appointments, and most likely starting exchanges and redemption of zim on Thursday. Now I don't know what time this is to come out.

We don't have that, but we are understanding that this is to come out for us to get our numbers and set those appointments tomorrow and then go in for exchanges and redemption of zim at the redemption centers on Thursday.

Now that's not me calling it, that's me telling you the information that I've heard late this afternoon with an additional confirmation 15 minutes, 20 minutes prior to the big call tonight, an additional confirmation. But that is the intention. So we'll see, obviously, what happens about that regarding Iraq. Because, remember, Iraq has been and is considered the linchpin of the RV and everything going with the Global Currency Reset.

Well with our Iraq contacts, which are several - was, we heard that they were supposed to receive funding on their debit cards from the HCL, retirement pay, what other monies they would get on their cards after 2pm today.

Now, with this change that taking place for us, I don't know if that has moved their funding till tomorrow, or whether they did receive those funds on their they call them happy cards, because it makes you happy when they're funded. Whether they have received those funds after 2pm today or not, whether they had that liquidity, we're hearing that bond holders are to receive their email, which give them access to funds.

 They're supposed to get those emails tomorrow, and maybe the same time we get our email, to get the numbers and call and set our appointments at the call centers. Okay, tomorrow, and the appointments would probably be on Thursday for us.

Now, I've heard that bond holders may get access to no let me say it this way. I don't want to get this wrong. 10% of the bond holders may get liquidity as early as tomorrow with the emails that they receive, but the 90% of bond holders should receive access to their funds on Thursday

I believe we're going to be setting up our appointments and their might be some based on the time these come out, they can get exchanges started tomorrow, afternoon or evening - it Is possible for the vast majority, 90% or more of us in tier 4b the Internet Group, would probably get notified tomorrow, set appointments tomorrow, which is Wednesday, and go for our exchanges on Thursday the 12th  of December

So that is the majority of what I wanted to bring out to you guys tonight. We were so close, according to what we had heard from a couple of very strong sources, last night, and it was late last night, but it looks like because of this individual in the treasury that needed to be removed, that has pushed us to  tomorrow. And what I'm telling you, and that's what I'm hoping, is the absolute truth about it.

And that's really what I wanted to bring to you guys tonight. Now if we get numbers tomorrow, and we set our appointments and we start exchanges Thursday. We might have a celebration call Thursday night, and then make sure that everybody has a number. If they haven't got it elsewhere, our numbers are going to be on when we get the toll free number, we'll put it on the homepage of Big Call universe.com and then also send out an email in order their email to notify them about when they get the 800 number. Okay, so you're probably all registered by now, but there could be a few new listeners that have not heard this before, and just take all we're doing.

You just put your email in and register on big call universe.com big  call universe.com

Okay, and that will be in touch with you after. We're not doing any more big calls on a live call like we are now -

Let's see what happens tomorrow and Thursday with exchanges. That is, we get these numbers call in to set our appointments through the call centers that are tied directly to the redemption centers, which has been indicated by the zip code that we entered at some point with the call center, We got directly transferred to the redemption centers we so we consider once, and they'll know, and we'll be talking to people at redemption center that probably will be exchanging with or through, okay, the only other point I want to make before I price out is Social Security increase this month, question mark, I don't have that absolutely confirmed. It might still be this month.

My gut is we're talking January on the increase in Social Security, the R and R, however, should be there for us this month. If we want to do exchanges, it will be deposited into our quantum account, which we activate when we get redemption center.

So those are not currency holders that are not going in for changes. They should get it if they're old enough. It is a pretty bank account, okay? In the bank account where they have their social coming in by direct deposit. If then 62 now 60 years old, is still supposed to be a direct deposit.

 But in the age group of 30 to 45 you'll be getting your RNR, your restitution and reclamation allowance. You'll be getting that over three years time monthly, for three years, okay, if you're in the age group of 45 to 60, you get yours in two years time, monthly.

All of that I'm sure will come out, is that part of the solid? When will we see the solid? Get announcements on it. Hopefully we get it pretty soon, when we're getting ready to start, because some of the disclosure that should come out is covered for us, going for our stages that comes together. I've heard a lot of things about states on it, and it's just no sense trying to put one on it right now, so we're just kind of stated and see what's going on in that regard.

I have heard some things about the Supreme Court. I have heard some things about justice. Clarence Thomas making an announcement with the Brunson one of the Brunson brothers, on the Brunson case and so on. That would be favorable, obviously, about President Trump, and we'll see that is to service.

I've heard as early as today it was, and yet it did not. So I'm not sure when it's actually going to come out. I know there's still a lot of arrests on in certain places the country still, but I know over way over the hump and on the way down, and these arrests are happening very quickly, and then these people out as they need to. So there's Clean up on aisle three. Still, you have the information that I have. All I try to do is bring you what I'm getting, not trying to add to it, just clarifying it slightly.

And I'm excited about where we are I just need for this to be true through expect. So that's my prayer for tonight. Let's pray it out. Thank you guys, so much for listening, everybody. Let's see what tonight brings. And let's see where this is going to go, especially tomorrow and Thursday. All right, everybody, have a great night, and we'll we'll talk again.

Bruce’s Big Call Dinar Intel Tuesday Night 12-10-24 REPLAY LINK  Intel Begins 1:18:18

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Bruce’s Big Call Dinar Intel Thursday Night 12-5-24 REPLAY LINK   Intel begins   1:08:50

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Bruce’s Big Call Dinar Intel Tuesday Night 12-3-24 REPLAY LINK  Intel Begins 1:16:12

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Bruce’s Big Call Dinar Intel Thursday Night 11-28-24  REPLAY LINK  NO CALL

Bruce’s Big Call Dinar Intel Tuesday Night 11-26-24  REPLAY LINK  Intel Begins 1:16:30

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Bruce’s Big Call Dinar Intel Thursday Night 11-2124  REPLAYLINK  Intel begins   1:10:20 

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Bruce’s Big Call Dinar Intel Tuesday Night 11-19-24  REPLAY LINK  Intel Begins 1:12: 21

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Bruce’s Big Call Dinar Intel Thursday Night 11-13-24  REPLAY LINK  Intel Begins   1:04:54

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Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 12-11-24

Good Afternoon Dinar Recaps,

ICMA ISSUES DLT BONDS REFERENCE GUIDE

Today the International Capital Market Association (ICMA) published a reference guide for DLT based digital debt, or digital bonds. While it describes it as 50 practical questions, the figure is closer to three times that. Despite that, for those familiar with the topic it’s a quick read and provides an excellent planning and execution guide.

The document is the product of ICMA’s DLT Bonds Working group, which is chaired by Union Investment’s Christoph Hock.

Good Afternoon Dinar Recaps,

ICMA ISSUES DLT BONDS REFERENCE GUIDE

Today the International Capital Market Association (ICMA) published a reference guide for DLT based digital debt, or digital bonds. While it describes it as 50 practical questions, the figure is closer to three times that. Despite that, for those familiar with the topic it’s a quick read and provides an excellent planning and execution guide.

The document is the product of ICMA’s DLT Bonds Working group, which is chaired by Union Investment’s Christoph Hock.

“The token economy, and DLT-based bonds in particular, have become increasingly more relevant in recent months,” said Mr Hock, alluding to the recent Eurosystem wholesale DLT settlement trials in central bank money which helped to ramp up activity.

He continued, “Where currently we see a high degree of fragmentation across the value chain, we look forward to greater collaboration and standardisation, which will play a key role in further building the token universe. With its DLT Bonds Reference Guide, ICMA and all involved parties have made a great step in this direction.”

As an asset manager, Union Investment has been one of the most prolific investors in digital bonds, starting with the European Investment Bank’s (EIB) inaugural bond back in April 2021. The EIB has now issued six digital bonds, including two in November as part of the ECB DLT settlement trials.

The guide is a little biased towards Europebut that’s where the vast majority of issuances have taken place, particularly in Germany and Switzerland. For Europe, Luxembourg is the legal jurisdiction of choice. There have been hardly any issuances in North America, partly the result of custody issues with the SEC’s SAB 121.

In February Hong Kong issued a multi currency bond of more than $750 million, the largest DLT bond to date. However, Germany’s KfW has issued two larger digital bonds totalling €8 billion on Clearstream’s D7 platform.

Technically, as they used a CSD, under German law the KfW bonds are not ‘crypto’ bonds. That’s despite D7 using Digital Asset’s Canton infrastructure. These sorts of questions are included in the reference guide.

ICMA also collaborated with the Monetary Authority of Singapore on the Guardian Fixed Income Framework published last month.

@ Newshounds News™

Source:  Ledger Insights

~~~~~~~~~

'CONSUMERS EXPECT IMMEDIATE AND EFFICIENT TRANSACTIONS': TOKENIZATION GAINS MOMENTUM

▪️Tokenization is merging traditional finance and blockchain, creating new opportunities for financial innovation.

▪️Panelists discuss regulation and future potential.


Integrating real-world assets into blockchain systems opens new possibilities in the digital asset spaceAt the recent Benzinga Future of Digital Assets event, panelists explored the intersection of traditional finance and blockchain, highlighting how tokenization creates opportunities for financial innovation and accessibility.

Bridging the Old and New

Panelist Robert Leshner, CEO of Superstate, emphasized the potential of tokenization to merge conventional financial markets with blockchain technology. “We're seeing firms like Superstate act as bridges between the two by taking traditional assets, creating a token, and moving them on-chain,” Leshner said. This shift is beginning to blur the lines between digital and traditional financial systems.

Emma Marriott, co-founder of Atomic, also noted the increasing demand for streamlined integration. "Consumers expect immediate and efficient transactions," she said, pointing to Atomic's role in enabling smooth transitions between traditional and digital asset platforms. "We're helping firms expand their offerings to meet these expectations, whether they're moving from crypto to traditional assets or vice versa."

Driving Institutional Interest

Institutional players closely watch these developments, particularly how tokenized assets can enhance portfolio diversification and liquidity. Leshner explained how tokenization allows assets to be used across various decentralized finance (DeFi) protocols. “We're starting to see assets that began entirely within the crypto ecosystem now being joined by tokenized versions of traditional financial instruments," he said.

Charlie Sandor, investment partner at CMT Digital, highlighted the broader implications of tokenization for financial efficiency. “Platforms like Coinbase are facilitating payment networks between off-chain and on-chain systems, demonstrating how these worlds are merging in ways that were unthinkable just a few years ago,” he said.

Regulation and Adoption

Panelists also addressed the regulatory hurdles that continue to shape the adoption of tokenized assets. Leshner acknowledged that while the potential is vast, compliance remains a critical challenge. "We're at an early stage of understanding what open and autonomous financial markets look like," he said, adding that creating frameworks that satisfy both traditional compliance standards and blockchain's decentralized ethos is essential for future growth.

Marriott echoed this sentiment, pointing to the role of regulation in driving consumer trust. "As firms navigate these regulatory challenges, they're building the infrastructure needed to make these systems more accessible and trustworthy for everyday users," she said.

Looking Ahead

The panel concluded by focusing on what lies ahead for tokenization and its role in the financial ecosystem. Leshner predicted a rise in highly controlled and permissioned assets within DeFi platforms. "These systems will evolve to accommodate both traditional and decentralized markets, creating hybrid models that leverage the strengths of both," he said.

With traditional and blockchain-based systems converging, tokenization is poised to transform how assets are managed, traded, and utilized. The panelists agreed that this transformation is just beginning, with 2025 expected to bring significant progress in integrating real-world assets into blockchain ecosystems.

@ Newshounds News™

Source: Benzinga

~~~~~~~~~

MASON DEBUNKED TRUMP'S CRAZIEST CLAIMS AND HERE'S WHAT I FOUND  |  Youtube

@ Newshounds News™

Source:  
Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

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Seeds of Wisdom Team™ Website

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Thank you Dinar Recaps

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

More News, Rumors and Opinions Wednesday PM 12-11-2024

KTFA:

Clare:  Governor of the Central Bank of Iraq receives a delegation from the International Finance Corporation

December 11, 2024

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the International Finance Corporation, which included the Director of the Financial Sector of the Corporation in the region, Mr. Yousef Habash, and Mr. Bilal Al-Zughair, the Resident Representative in Iraq, the Financial Investment Officer, and the Head of the Advisory Department.

KTFA:

Clare:  Governor of the Central Bank of Iraq receives a delegation from the International Finance Corporation

December 11, 2024

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the International Finance Corporation, which included the Director of the Financial Sector of the Corporation in the region, Mr. Yousef Habash, and Mr. Bilal Al-Zughair, the Resident Representative in Iraq, the Financial Investment Officer, and the Head of the Advisory Department.

During the meeting, they discussed strengthening bilateral relations between the Central Bank of Iraq and the International Finance Corporation, the importance of cooperation between local banks and correspondent banks with technical support from the Corporation, and the development of Islamic banks operating in Iraq, in addition to the banking reforms carried out by the Bank in cooperation with the relevant authorities, especially the restructuring of government banks, and the role of international companies operating in this field (Ernst & Young and Oliver Wyman).

His Excellency the Governor discussed the proposal to establish a leasing company with local and foreign contributions, which is one of the financial systems used to provide financing for projects and individuals without the need to directly purchase assets such as machinery and industrial equipment, vehicles, offices, and warehouses. This proposal supports emerging projects and small and medium-sized companies looking for easy and flexible financing.

The meeting discussed the importance of launching Riyada Bank next year, which will support projects with small and medium-sized loans, in line with the government’s vision to support graduates and entrepreneurs and develop labor markets.

Central Bank of Iraq
Media Office
December 11, 2024

https://cbi.iq/news/view/2733

************

Clare: Governor of the Central Bank of Iraq receives the Czech Ambassador

December 11, 2024

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received His Excellency the Czech Ambassador to Iraq, Mr. Jan Schneidov, and the Economic Attaché at the Embassy.

During the meeting, they discussed economic and banking relations and how to enhance them to serve the interests of the two countries, in addition to cooperation in the field of training and building the capabilities of the financial and banking sector within the digital transformation process led by the Central Bank of Iraq with the support and integration of the Iraqi government.

 It was agreed to train a team of employees from the Central Bank of Iraq and the Ministry of Finance in the Czech Republic with the support of the Czech Ministry of Finance.

Central Bank of Iraq
Media Office
December 11, 2024

https://cbi.iq/news/view/2735

************

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

Frank26   Please don't trust nobody.  Don't let your dinar out of your sight.  If they [the bank] tell you, 'We're going to take these dinar and we're going to send them to another institution for them to count them, to make sure they are real.'  [Say] give me the address.  I'll take it to them.  'No, they don't allow the public to go there. Okay, bye, bye.  I'm going somewhere else to exchange them...

Nader From The Mid East    I think between $2.50 and $2.84...I can see the end of the tunnel.  I don't know how far is that but I can see it so I'm excited about it...I'm happy for everybody who is going to make money of it, not only for Iraq, I'm happy for everybody...You guys invested in yourself and in Iraq in the same time...

Financial advisor Prime Minister of Iraq talk about exchange rate

Nader:  12-11-2024

https://www.youtube.com/watch?v=t25hoYi1Gso

IMPORTANT UPDATES: Stock Market, Gold, Silver, Crypto, Crude, Economy, MORE.

Greg Mannarino:  12-10-2024

https://www.youtube.com/watch?v=xQWRIMGHz3k

 

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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20

Coffee with MarkZ and Andy Schectman. 12/11/2024

Coffee with MarkZ and Andy Schectman. 12/11/2024

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 all. We are almost there. After the RV we won’t care how long we waited. Remember that

Member: Kinda like pregnancy. We’re at the “get this kid out of me” point

Member: Can Mark top yesterday's podcast???? It's getting close.

Coffee with MarkZ and Andy Schectman. 12/11/2024

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 all. We are almost there. After the RV we won’t care how long we waited. Remember that

Member: Kinda like pregnancy. We’re at the “get this kid out of me” point

Member: Can Mark top yesterday's podcast???? It's getting close.

Member: Are you feeling pretty confident we will go before Christmas

Member: 14 days till Christmas. X days to RV?

Member: Bruce said that today’s the day!

Member: Ginger announcement said 96 hours from last night.

MZ: I feel fairly confident the switch flipped yesterday in the wee hours…..in the early morning hours of Dec. 10th.

Member: I'm excited by the news that you gave yesterday

MZ: yes….It was so cool seeing what happened overnight and what is popping up suddenly in the ledger and the M1 supply – massive amounts ….and enough money to start paying out the historic bonds. This suddenly started moving in the wee hours yesterday. Somebody flipped the switch and it all started rolling.

MZ: Think of it as a huge factory and all of the assembly lines stared coming online. Each little machine clicks in …then the next machine…then the next machine ect……..

Member: Your wood must be wet if you didn't get anything out of yesterday…any who did not listen to yesterday’s podcasts should go back and do that.

Member: Texas snake has great news as well … similar to yours!

MZ: I am hearing that we are about to see Maliki’s removal from the political scene in Iraq. And completely removing Iranian influence. ….AND AN RV. This is what some very excited folks in Iraq shared with me this morning –which makes me feel exceptionally good. I believe we are about to see Sudani’s opposition disappear…Maliki is the one who has been backstabbing and stalling things.

MZ: “Iran’s currency plunges to an unprecedented level”  With the fall of Syria- iran is pulling its fangs back from most of the middle east. One US dollar right now could buy $730,000 rial

MZ: “Baghdad sends $430 billion dinars to Erbil to fill the deficit of the three months of this year.” This is exciting for me because I believe they have come to the HCL agreements even though its not yet officially announced.

Member: Dominos are falling, Let's Go!!

MZ: We do have even more money going from M1 and M2 . it started in the wee hours on Dec 10th….and it continues.

MZ:  I have gotten another report from another Iraq contractor saying that they are due to renegotiate rates on their contracts with the government of Iraq this week. So I am going to say that the rumors out there with contractors are true at this point. I am definitely hearing that a number of contractors are negotiating rates on contracts in the low $3 range. This has me exceptionally excited.

Member: Are Zim bonds the same as historic bonds?

MZ: No- Zim bonds are not historic bonds….they are totally separate. I am also told that the Zim that we hold is expected to go when the currencies go.

Member: What is M1 and M2?

MZ: The easiest way to look at it is M0 (zero) is money outside of the system. Example- if you have a pallet of gold bars sitting in your basement –it is outside of the system. When you move that to credit or banks so they can make loans on it and use it as an asset- that is M2. It is in the monetary system , but not directly. If you were to move that pallet of gold straight into a cash position- and start spending it – that is considered M1.

Member: so M stands for “monetary”

MZ: yes.

Member: So big money has been moving from M0 to M1 and M2 to be used and spent to start paying bond holders ect……awesome.

Member: Mark- will you come back and tell us when it happens – no matter what time?

MZ: Yes I will. Whatever time and day…..I will be back letting everyone know and all the exchange info I am allowed to.

Member: Mark and mods. So appreciative for all the time you spend on these chats and the research…Thank you.

Member: Everyone have a great day……IMO we will be notified at any time so keep phones charged and ready.

Andy Schectman from Miles Franklin joins the stream today. Please listen to replay for his information and opinions.

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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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Wednesday Morning 12-11-24

Good Morning Dinar Recaps,

BRICS NEWS: EXPERT SAYS NATIONS WILL EVENTUALLY DITCH US RESERVES FOR BITCOIN

With the ongoing tension between the BRICS alliance and the United States, one expert has theorized that most nations will eventually end up ditching US dollar reserves for Bitcoin. Indeed, economist Jeremy Siegel recently noted that the leading crypto has emerged as a threat to the greenback’s global standing.

Senior economist at WisdomTree, Siegeldiscussed the curiosity of Trump’s continued embrace of Bitcoin. Specifically, he noted that the asset class is far more dangerous to the US dollar’s dominance than gold or any BRICS currency, according to a Benzinga report.

Good Morning Dinar Recaps,

BRICS NEWS: EXPERT SAYS NATIONS WILL EVENTUALLY DITCH US RESERVES FOR BITCOIN

With the ongoing tension between the BRICS alliance and the United States, one expert has theorized that most nations will eventually end up ditching US dollar reserves for Bitcoin. Indeed, economist Jeremy Siegel recently noted that the leading crypto has emerged as a threat to the greenback’s global standing.

Senior economist at WisdomTree, Siegeldiscussed the curiosity of Trump’s continued embrace of Bitcoin. Specifically, he noted that the asset class is far more dangerous to the US dollar’s dominance than gold or any BRICS currency, according to a Benzinga report.

Expert Says Bitcoin, Not BRICS, Is Greatest Threat to US Dollar

Since 2022, when Russia invaded Ukraine, the BRICS bloc has been on a mission. Specifically, the collective has sought ways to ditch the US dollar in international trade.

Moreover, it has moved to lessen the global reliance on the Western currency. These decisions appeared made out of necessity. With the West sanctioning Russia, forcing it to rely on allies in the global south.

Yet, those de-dollarization plans have been confronted by President-elect Donald Trump. Moreover, with 100% tariffs planned under the returning president, things have certainly gotten interesting. For one economist, the incoming commander-in-chief’s position appears inconsistent, to say the least.

Indeed, amid the BRICS scuffle, finance expert Jeremy Siegel has said nations will likely eventually ditch the US dollar reserves for Bitcoin. What makes that interesting is that Trump has recently paraded BTC’s all-time increase above the $100,000 mark.

“I found it curious that Trump threatened 100% tariffs for the BRICS nation wanting to implement a new reserve currency, while also championing the rise of Bitcoin’s price surpassing $100,000 and attributing it to his pro-crypto world view,” Siegel said.

“Bitcoin is viewed by many as an alternative global currency similar to what the BRICS are looking to achieve,” he added. “Bitcoin is far more of a threat to replace the dollar in world reserves than anything created by the emerging market economies.”

The asset’s recent surge supports Siegel’s position. Bitcoin has been skyrocketing in value and is projected to reach $200,000 next year. Trump’s pro-BTC position could fuel global accumulation. Therefore, driving even more countries away from the dollar.

@ Newshounds News™

Source: Watcher Guru

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HONG KONG LOOKS TO SPEED UP CRYPTO REGULATION AMID RISING SECTOR DEMANDS

Hong Kong is exploring ways to expedite updates to its crypto regulations in response to the fast-growing global sector.

The fast growth of the crypto sector is pushing Hong Kong to reconsider its regulations, with talks focused on speeding up changes to meet growing industry needs. A proposal raised in the Legislative Council on Dec. 11 highlights the pressure on the government to keep up with the global rise in crypto investments.

In a written responseActing Secretary for Financial Services and the Treasury, Joseph Chan, admitted that while the virtual assets sector offers financial innovation opportunities, it also presents new “complexities to the financial system.” 

He emphasized Hong Kong’s commitment to keep up with international standards, noting that the city “has key influence in the regulation and development of VA.”

However, Chan didn’t go into detail on how or when Hong Kong plans to adjust its crypto regulations to stay competitive.

Moreover, some lawmakers have even raised concerns about the need for a more comprehensive approach. There is speculation that Hong Kong could establish a dedicated department or commissioner to oversee crypto policies, following international trends.

One way or the otherthe question of whether cryptocurrencies like Bitcoin should be included in Hong Kong’s fiscal reserves still seems to be open. In the meantime, Chan pointed out that crypto-assets are not currently a target asset for Hong Kong’s Exchange Fund.

“It cannot be ruled out that there may be investments involving crypto-assets during the investment operations of the external managers at different points of time, but the relevant proportion is minimal,” Chan said.

@ Newshounds News™

Source: Crypto News 

~~~~~~~~~

BINANCE AND CIRCLE ANNOUNCE STRATEGIC PARTNERSHIP TO ADVANCE GLOBAL CRYPTO ADOPTION

Key partnership between Binance and Circle seeks to accelerate the adoption of USDC and digital assets worldwide.

Binance and Circle Join Forces for Global Crypto Adoption


A new strategic partnership between Binance and Circle Internet Group was launched at the Abu Dhabi Finance Week.
 The cooperation will increase the use of USD Coin (USDC) and promote the growth of the global digital assets and financial services ecosystem.

This partnership combines a reliable and compliant digital currency with the biggest platform for using digital assets globally, thanks to USDC’s expansion and widespread use.

Through the collaboration, Binance will expand the availability of USDC throughout their whole range of goods and services, guaranteeing that over 240 million Binance users worldwide can easily access and utilize USDC for applications related to trading, saving, and payments. Binance will also use USDC as a key dollar stablecoin for their corporate treasury.

Richard Teng, CEO of Binance shared his thoughts about the partnership.

“Through our strategic partnership, our users will have more opportunities to use USDC on our platform, including more USDC trading pairs, special promotions on USDC across trading, and other products on Binance.

We will also work closely with Circle to drive innovation and utility for stablecoins globally. Working together as a team, we believe we can materially push forward the possibilities for the internet financial system.”

Jeremy Allaire, Chairman and CEO of Circle echoed Teng’s thoughts on the partnership.

“With Binance rapidly becoming the world’s leading financial super app, this is a tremendous opportunity for USDC as it becomes ubiquitous on the Binance platform. I’m thrilled to be working with the Binance leadership team as they continue to build the largest digital asset company in the world.”

This partnership aims to consolidate the role of USDC in digital payments, promising broader adoption and innovation in the crypto space.

@ Newshounds News™

Source:  Bitcoin News

~~~~~~~~~

CRYPTO SUCCESS SECRETS NOBODY SHARES  |  Youtube

Crypto Ledger, Nathan, and Seeds of Wisdom Team, Salty Toes and R Jax, discuss Crypto, Gold, and the direction of the future financial system.

@ Newshounds News™

Source:  
Seeds of Wisdom Team RV Currency Facts

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