New Monetary System?: Steve Penny

New Monetary System?:  Steve Penny

Liberty and finance:  12-12-2024

Steve Penny discusses the potential reordering of the global monetary system under the Trump administration.

Penny will dive into how this shift could impact the markets for gold and silver, offering insights into the future of monetary metals.

In a recent discussion on Liberty and Finance, Steve Penny, a prominent figure from silverchartist.com, delved into the intriguing dynamics of the global monetary system, particularly within the context of a potential Trump Administration. As economic conditions continue to evolve, understanding the underlying factors that influence precious metals is crucial for investors eyeing opportunities in gold and silver.

The global financial system has long been characterized by a complex web of currencies and policies. However, with the ever-changing political climate, especially with the influence of former President Donald Trump, there are growing concerns about a potential reordering of this system.

Penny posits that such a shift could have profound implications for the markets—especially for investors holding gold and silver.

Historically, precious metals like gold and silver have served as a hedge against inflation and economic uncertainty.

When trust in fiat currencies wanes—often spurred by geopolitical events or significant policy changes—investors tend to flock to these tangible assets.

Penny indicates that a potential move towards a more nationalistic monetary policy under Trump could catalyze this trend, contributing to a renewed interest in the monetary metals market.

According to Penny, if the Trump Administration follows through on proposed changes to the monetary system, it could lead to increased volatility in traditional markets. Precious metals are often viewed as safe-haven assets during such periods, making them attractive for investors seeking to mitigate risk.

Penny’s insights provide a valuable perspective for investors considering their positions in precious metals. Understanding the potential for significant changes in the monetary framework under a Trump Administration can help them make informed decisions about their investments.

Furthermore, as market conditions change and new policies emerge, it is crucial for investors to remain vigilant and adaptable.

In the world of finance, knowledge is power, and with the potential for significant shifts on the horizon, this is one conversation investors cannot afford to miss. As always, preparation and proactive decision-making will be key to seizing the opportunities that lie ahead in the precious metals market.

https://www.youtube.com/watch?v=TaY7Ypv1EGw

Coffee with MarkZ and Mr. Cottrell. 12/13/2024

Coffee with MarkZ and Mr. Cottrell. 12/13/2024

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: TGIF and it's Friday the 13th….

Member: Maybe this is our lucky day

Member: I'm in a very positive mood today! I hope you all are, too!

Member: Breaking:  Florida is proposing that silver and Gold become legal tender

MZ: I have seen that. A number of states are setting up for a legal tender of gold and silver. What are they preparing for? Right?

MZ: in Iraq: “Central Bank governor opening foreign channels to foreign currencies eliminates the black market” they are talking about partnering with neighboring countries and carry more of a “basket of currencies” so they do not need the US dollar for trade. Including Jordan, Saudi Arabia, and different countries around them .

MZ: They want to split the value of the Iraqi dinar based on gold, oil, reserves and a basket of partnering currencies. This should mean a much higher value for the Iraqi dinar. They are making “real world moves”  to support the value of their currency.

MZ: “Minister of commerce: We have a strategic storage and the food basket is fully secured” they have over 6 months of the minimum Iraq needs of food. Even the us does not have that much

MZ: “Why will Iraq become one of Trump’s priorities in the coming period?” Trump wants to work with Iraq to support stability and security. What do you guys think the reason is Trump wants Iraq safe and secure???  Lol Could it a revaluation?

Member: What! An exciting time. Iraq is all done let’s put it on FOREX

MZ: On the bond side I have noticed a serious increase in the number of deals that flippers are making. And offers that flippers are making with immediate closures on those deals. They are telling bond people “What if those goes on longer- you should sell to us right now”

MZ: Why are historic bond flippers willing to spend a lot more money right away- then they were before? Do they sense how close we are? Do they know something on this front? This kinda surprised me

MZ: Flippers are suddenly willing to spend billions of dollars to pick up boxes of historic bonds ect….IMO they would not be spending this money unless they felt they would get it back quickly with a profit…They have to know it is coming.

Member: so like flipping a house. You buy it a bit cheaper ..then resell it at a profit .  got it….that is very interesting

Member: I have heard $4.20 in country in Iraq right now

MZ: I have heard that rumor as well….dont have anything confirmed yet

Member: Anyone think this may be " THE " Magic Weekend where RV rates may actually post next week?

Member: I always said RV will not happen until the new USTN is out but from the looks of it XRP is what is replacing the Fiat money

Member: I wonder- Are redemption folks working this weekend?

Member: Friday the 13th….full moon weekend and light show from cosmic lights

Member: Today is my “retirement day” would love to see an RV

MZ: We would all love to retire and celebrate it with you!!!!!

Member: Supposedly- starting January 1st IRS taxable event foreign currencies

Member: Let’s hope Trump stops that when he takes office

Member: Do you guys believe this will happen still in 2024?

Member: I don’t think we will see it until after the inauguration….but, I would love to be wrong.

Member: Praying for an eventful weekend!

Member: You’re watching amazing progress happening...more than ever...hang in there...Our Worldwide RAINBOW is AHEAD

​​Mod:  HAPPY BIRTHDAY TO ALL THE FRIDAY THE 13th BABIES

MZ: There will be no podcast tonight

Mod :  have a good day everyone.

Mr. Cottrell and CBD Guru’s join the stream today. Please listen to replay for their 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

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.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL TOMORROW AM FOR NEWS @ 9:45 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:    https://www.youtube.com/watch?v=N90asJuPttA

Iraq Economic News and Points to Ponder Friday AM 12-13-24

Iraq Is the Second Arab Country In Terms Of Natural Resources

  Energy Economy News - Follow-up  Iraq ranked ninth in the world and second in the Arab world as the country with the most natural resources.  Russia is the world's largest natural resource holder, led by its large reserves of oil, coal, natural gas and rare earth minerals.

The United States follows, thanks to its coal, timber, gas and mineral resources, while Saudi Arabia and Canada rank third and fourth, respectively, driven by oil and important industrial minerals.

ountries such as Iran, Iraq and Venezuela stand out on the list, which have huge amounts of oil, natural gas and other energy resources, while other countries such as Australia, China and Canada have important earth minerals used in industry.

Despite the huge resources these countries possess, wealth management remains a crucial factor in achieving sustainability and real development in the future. 139 views Added 12/12/2024 - https://economy-news.net/content.php?id=50798

Central Bank Governor: Opening External Channels With Foreign Currencies Eliminates The Black Market

Banks Economy News – Baghdad  Central Bank Governor Ali Al-Alaq confirmed on Thursday that opening channels in foreign and Arab currencies achieves stability in the exchange rate and gradually eliminates the black market.

The media advisor of the Trade Bank of Iraq (TBI), Aqeel Al-Shuwaili, said in a statement, which was reviewed by "Al-Eqtisad News", that "the governor of the Central Bank visited the Trade Bank of Iraq and appreciated the bank's efforts to expand its customer base of importing merchants and the procedures to facilitate their transactions in a way that contributes to achieving stability in the exchange market."

According to the statement, the governor of the Central Bank stressed "the need to make efforts to achieve fluidity and provide the best banking services to the bank's customers."

The governor pointed out that "the Central Bank's continued opening of multiple external channels in foreign and Arab currencies achieves continuous stability in the exchange rate and gradually eliminates the black market." 87 views   12/12/2024 https://economy-news.net/content.php?id=50812

The Securities Commission Warns Against Dealing With Fictitious Companies Claiming To Provide Stock Trading Services

Chairman of the Securities Commission Faisal Al-Haimas  Stock Exchange Economy News – Baghdad  The Securities Commission warned citizens, on Thursday, against dealing with fictitious companies that claim to provide online stock trading services.

A statement by the Authority, seen by Al-Eqtisad News, quoted its Chairman, Faisal Al-Haims, as saying, “These misleading companies that publish their advertisements on social media sites aim to exploit and deceive citizens.”

Al-Haimas called on "citizens to invest in the Iraqi Stock Exchange, where there is a safe investment environment and companies licensed by the Commission, subject to strict controls and laws set to protect investors and guarantee their rights."

He added, "The Iraq Stock Exchange includes reliable companies operating in various sectors, and provides promising investment opportunities. We invite everyone to visit the official website of the Securities Commission to verify the companies authorized to trade."

The Authority indicated that it "continues to monitor the market and take the necessary measures against illegal entities," stressing "the importance of being accurate and avoiding dealing with suspicious entities."  81 views  Added 12/12/2024 https://economy-news.net/content.php?id=50806

Globally.. Gold Prices Decline

Time: 2024/12/12 09:27:11 Read: 2,054 times {Economic: Al Furat News} Gold prices witnessed a decline during early trading on Thursday, as investors took profits after prices recorded their highest level in more than a month earlier in the day amid growing expectations that the Federal Reserve (the US central bank) will cut interest rates next week.

Spot gold fell 0.5 percent to $2,704.41 per ounce by 0257 GMT, after hitting its highest since Nov. 6 earlier in the session.

US gold futures also fell 0.5 percent to $2,744.60.

According to the CME FedWatch tool, traders now expect a 98.4 percent chance of the Fed cutting rates by 25 basis points on Dec. 18, compared with about 86 percent before the U.S. inflation report.

Among other precious metals, spot silver fell 0.3 percent to $31.84 an ounce, platinum fell 0.2 percent to $937.55 and palladium fell 0.2 percent to $979.91. LINK

Dollar Prices Stabilize In Baghdad Markets

Time: 2024/12/12 10:41:50 Read: 1,820 times  {Economic: Al Furat News} The US dollar exchange rate stabilized this morning, Thursday, in Baghdad markets.

The prices are as follows. The selling price is 151,500 dinars, while the purchase price is 149,500 dinars per 100 dollars. LINK

Al-Alaq Praises TBI’s Efforts In Expanding Customer Base

Thursday 12 December 2024 18:48 | Economic Number of readings: 80 Baghdad / NINA / The Governor of the Central Bank, Ali Al-Alaq, praised, on Thursday, the efforts of the Trade Bank of Iraq (TBI) in expanding its customer base, stressing that the Central Bank's continued opening of channels in foreign and Arab currencies achieves continuous stability in the exchange rate.

The media advisor to the Trade Bank of Iraq (TBI), Aqil Al-Shuwaili, said in a statement, "The Governor of the Central Bank visited the Trade Bank of Iraq and appreciated the bank's efforts in expanding its customer base of importing traders and procedures to facilitate their transactions in a way that contributes to achieving stability in the exchange market. "

The Governor of the Central Bank stressed the need to make efforts to achieve fluidity and provide the best banking services to the bank's customers.

The Governor pointed out that "the Central Bank's continued opening of multiple external channels in foreign and Arab currencies achieves continuous stability in the exchange rate and gradually eliminates the black market." / End8   https://ninanews.com/Website/News/Details?key=1174312

Hassan Ali Abd: Developing The Financial Sector Is The Key To Development
 
December 12, 2024 Last updated: December 12, 2024  Independent/- Banking expert Hassan Ali Abd stressed the importance of government trends aimed at
 
     advancing the reality of electronic payment and its role in attracting foreign investment flows, and
     adopting the use of advanced technological means of communication and information.

Abdel stressed the  importance of supporting the next stage aimed at developing the performance of the economic sectors in order to achieve a multiplicity of financial revenues for the country, and
 
working to prepare in-depth studies on the available capabilities in non-oil activities and
 
trying to develop them so that they can create alternatives, in addition to the necessity of
 
preparing a long-term strategy that takes into account various aspects.. He explained that the
 
process as a whole requires an advanced banking system capable of supporting all economic operations, and
 
our private banks have become aware of this and are working hard to develop all aspects of their work. He pointed out that    Iraq is an important economic front for many international companies during the coming period, and   we must work in this direction and create an appropriate environment to attract international efforts.    https://mustaqila.com/حسن-علي-عبد-تطوير-قطاع-المال-مفتاح-التن/   

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

Seeds of Wisdom RV and Economic Updates Friday Morning 12-13-24

Good Morning Dinar Recaps,

CRYPTO ADVOCATE FRENCH HILL PICKED TO LEAD HOUSE FINANCIAL SERVICES COMMITTEE IN 2025

As chair, Hill will oversee Federal Reserve, Wall Street, and crypto sector regulations amid growing scrutiny.  Congressman French Hill has been appointed as the next chair of the House Financial Services Committee.

He will succeed North Carolina’s Patrick McHenry, who is retiring after a 20-year stint in Congress, including multiple terms leading Republicans on the board.

Hill’s Vision

The Arkansas Republican announced the news on December 13 via X:

“I am humbled that my colleagues have placed their trust in me to lead FinancialCmte as their next Chairman.”

The party’s steering committee appointed the lawmaker to the role on Thursday while finalizing committee leadership for the 119th Congress, which begins next year. This position means Hill will be key for legislative initiatives for the crypto industry that will take shape in the coming year.

In a formal statement, the 68-year-old highlighted his promise to work closely with Speaker Mike Johnson, Majority Leader Steve Scalise, Majority Whip Tom Emmer, and House Republican Conference Chair Lisa McClain in the future.

He also mentioned that he’s looking forward to collaborating with President-elect Donald Trump and Senate Banking Committee Chairman Tim Scott on what he described as “a new era of American prosperity’ for all citizens.

Crypto Legislative Efforts

The Financial Services Committee oversees critical areas, including the Federal Reserve, Wall Street regulations, and the increasingly scrutinized cryptocurrency sector. Hill, who currently chairs the Digital Assets, Financial Technology, and Inclusion subcommittee, has been a vocal proponent of crypto-related legislation.

His efforts include championing bills to clarify regulatory jurisdiction between the Securities and Exchange Commission (SEC) and the Commodities and Futures Trading Commission (CFTC). 

He has also collaborated with California Representative Maxine Waters on stablecoin legislation, though the bill was ultimately not introduced.

Additionally, the Arkansan has pledged to investigate Operation Chokepoint 2.0, which he described as an initiative targeting the cryptocurrency sector through politicized debanking.

Trump has previously vowed to end the Biden administration’s war on crypto. Following his re-election, reports came out that his transition team was considering various crypto-friendly candidates for key regulatory positions.

Since then, the President-elect has appointed David Sacks as AI and Crypto Czar and Paul Atkins as the SEC’s new chairman. Hill will officially take on the leadership role when the new congressional session convenes on January 3, 2025.

@ Newshounds News™

Source:  Crypto Potato

~~~~~~~~~

COINBASE TO START RESTRICTING STABLECOINS IN EU BASED ON MICA COMPLIANCE

▪️Coinbase will restrict non-compliant stablecoins under MiCA, including USDT, PAX, PYUSD, and DAI, starting tomorrow.

▪️Algorand identified Circle’s USDC and Quantoz’s EURD as compliant alternatives amid shifting EU stablecoin market dynamics

▪️Tether exited Europe but invested in Quantoz, signaling strategic pivots as Circle partners with Binance to challenge Tether’s dominance.

According to Algorand, Coinbase began notifying its European clients that it will begin restricting stablecoins that don’t meet Markets in Crypto Assets (MiCA) requirements tomorrow.

Coinbase Prepares for MiCA

This news comes from the Algorand Foundation, a proof-of-stake blockchain and cryptocurrency.

Algorand directly posted their notice from Coinbase through a social media post and listed the MiCA-compliant stablecoins that its users could switch to. Both of these options, Circle and Quantoz, are entangled in a new struggle for EU stablecoin dominance.

“Dear Client, as a reminder, due to the new MiCA regulation, Coinbase will implement restrictions for stablecoin services that do not meet MiCA requirements. Based on the latest information, we currently expect we will have to restrict services for the following assets: USDT, PAX, PYUSD, GUSD, GYEN, and DAI,” Coinbase claimed in its notice.

MiCA is a comprehensive new regulatory framework for cryptoassets in the EU, and its advent is creating dramatic new market opportunities. 

Before this year, Tether was the dominant stablecoin in this market, but it quickly became apparent that the stablecoin giant would not meet compliance. Several firms consider this moment a chance to overtake Tether’s market share.

Tether, for its part, is acting strategically. On one hand, it significantly scaled back EU operations in November. The company also heavily invested in Quantoz, which launched one of two MiCA-compliant stablecoins that Algorand identified. The other approved asset, Circle’s USDC, represents an effort to directly muscle in on Tether’s old territory.

Yesterday, Binance announced a partnership with Circle, seemingly to expand in Europe. Coinbase partially owns Circle, and thus, this public gesture took place despite these two massive exchanges’ rivalry. With their combined capital and resources, the pair could make significant strides in the EU market.

For non-stablecoin crypto firms like Algorand, however, this “MiCA market opportunity” might not impact regular operations. The firm has enjoyed an impressive rally in recent months, and its announcement claimed that users could seamlessly use either USDC or EURD from Quantoz.

@ Newshounds News™

Source:  Be In Crypto

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CRYPTO SUCCESS SECRETS NOBODY SHARES  |  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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News, Rumors and Opinions Friday AM 12-13-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 13 Dec. 2024

Compiled Fri. 13 Dec. 2024 12:01 am EST by Judy Byington

Possible Timing:

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

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

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

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

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

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

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

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Global Currency Reset:

Judy Note: No one knows the exact timing for notification of Tier 4b (Us, the Internet Group) to make their redemption/ exchange appointments. Iraq has long passed their HCL Law (allegedly) (which was needed to establish the Dinar Rate based on oil prices). The US and Canada started (allegedly) paying VIPs on Wed. 4 Dec, Thurs. 5 Dec, and Fri. 6 Dec. The Iraqi Dinar was (allegedly) being paid at $3.49 in-country. On Tues. 3 Dec. Kurdistan was (allegedly) using the Dinar in-country at a $3.28 rate. Rumor was that the Dong had also revalued and had an unknown in-country rate.

Thurs. 12 Dec. 2024 10:34 am MST Ginger of Liberty Lounge: News just came in that Reno is officially on High Alert. I repeat, yes indeed, they are, in fact, on High Alert this very moment.

Fri. 13 Dec. 2024 Jentel: Iraq is (allegedly) doing RV in-country RV in Iraq right now. So many confirmations coming in that she can’t share. Antiquities are getting turned in now as well. She believes that bonds are moving now. We will see (allegedly) notifications Fri. 13 Dec, in the Gazette on Sat. 14 Dec. It’s just taking longer to complete things behind the scenes.

Sat. 14 Dec. to Mon. 16 Dec. 2024 Birdieorbust Regarding the rumor of 96 hours left to go: This matches the timeline Markz expressed of Sat. 14 Dec. through Mon. 16 Dec, so we shall see. But things are happening in Iraq and it has to spill over to us before long.

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Thurs. 12 Dec. 2024 Bruce:

The Iraqi Dinar was (allegedly) $4 – $4.20 in-country Iraq and trading. Our rates will be (allegedly) much higher and yes, we will be offered the Contract Rate(allegedly). If you want to find out what that is – try to find out what the price per barrel of Iraqi oil is and you find out that and that’s (allegedly) your Contract Rate.

We are hearing we will have an amazing weekend. Notification for Bond Holders and us in Tier4b will be on Sat. 14 Dec. 

When you call you will be transferred to a Call Center that will be dealing with you. Your Exchange Center location is dependent on your Zip code or where you want to exchange.

Thurs. 12 Dec. 2024: Goodbye to the old dollars — New banknotes are born and already in use in banks and stores https://infoemplea2.com/en/news/goodbye-to-the-old-dollars-new-banknotes-are-born-and-already-in-use-in-banks-and-stores/

Thurs. 12 Dec. 2024: BREAKING: PALLETS OF CA$H DISCOVERED IN GOVERNMENT BUILDINGS IN DAMASCUS, SYRIA – amg-news.com – American Media Group

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Global Financial Crisis:

Thurs. 12 Dec. 2024: The governments of both Germany and France both collapsed during the month of Nov. 2024.

Thurs. 12 Dec. 2024: The state of Florida is conducting a study to explore using gold and silver as currency, potentially bypassing the Federal Reserve system.

Thurs. 12 Dec. 2024: Dutch banks tell consumers to keep #cash at home due to geopolitical threats. https://www.brusselstimes.com/1350664/dutch-banks-tell-consumers-to-keep-cash-at-home-due-to-geopolitical-threats

Thurs. 12 Dec. 2024 Chicago: The Rothschild Family is drastically pulling back in North America, with plans to close its Chicago office. This move follows a troubling drop in deal volume, leading to the sudden shutdown of their Miami office, barely a year after its grand opening. Now, the Rothschilds will be left with just three U.S. outposts—in New York, Los Angeles, and Boston—raising questions about the future of their American operations.

Read full post here:  https://dinarchronicles.com/2024/12/13/restored-republic-via-a-gcr-update-as-of-december-13-2024/

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

Walkingstick   The auctions...were the reason why the purchasing power of Iraq's currency was being bled out of the country and out of the hand of the citizens.  Those auctions needed to be stopped, changed and eventually metamorphosed into an auction that is usable with foreign currency and the Iraqi dinar in their country.  They've accomplished all of this...

Mnt Goat   As we get closer to the end of the currency auctions and switchover to the new international system at the end of the year...we read multiple articles on this subject matter. According to my CBI source...this is all part of a news campaign to inform the citizens to justify these very near at-hand changes to the currency auction system...We can clearly see there are crooked politicians that do not want this change in the currency auctions to occur...But for Iraq it is time to shake the shackles of the sanctions, which by the way, have been over since December 2022...To progress further we know that Iraq must changeover their currency and when they do it part of the process is the revaluation.

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What Happens When Your Credit Cards Max Out? The Debt Doom Loop...

Lynette Zang:  12-12-2024

Today's video is about going over the debt doom loop we are in with consumer debt surging, driving consumer spending, what will happen when the cards max out? Let the debt doom loop begin...

https://www.youtube.com/watch?v=mfjEyZBVG0U

“Tidbits From TNT” Friday Morning 12-13-2024

TNT:

Tishwash:  Why will Iraq become one of Trump's "priorities" in the coming period? - Urgent

Political researcher Ahmed Al-Yasiri predicted, on Friday (December 13, 2024), that major changes will take place in the Middle East region after Donald Trump assumes the presidency of the United States of America.

Al-Yasiri said in an interview with Baghdad Today, "Trump is planning major changes in the Middle East region, and therefore the region is entering a new phase, and Iraq will be at the forefront of these changes in terms of the security and economic reality."

He added, "According to this change, Iraq will witness internal events, some of which will be difficult and related to the security aspect of the weapons file outside the control of the state. Trump is planning to significantly limit these weapons as part of the policy of trimming Iran's arms in the region."

Trump will assume his duties as US President on January 20, and since winning the presidential elections, he has been making provocative statements from time to time about developments in the region, including that if the detainees in Gaza are not released before his inauguration, there will be “hell” in the Middle East, he said.  link

Tishwash:  Hassan Ali Abdel: Developing the financial sector is the key to development

Banking expert Hassan Ali Abdul stressed the importance of government trends aimed at promoting the reality of electronic payment and its role in attracting foreign investment flows, and adopting the use of advanced technological means of communications and information.

Abdul explained the importance of supporting the next phase aimed at developing the performance of economic sectors in a way that achieves diversity in the country’s financial revenues and working on preparing in-depth studies on the available and accessible capabilities in non-oil activities and trying to develop them to be able to create alternatives, in addition to the necessity of preparing a long-term strategy that takes into consideration various aspects.

He explained that the entire process requires an advanced banking system capable of supporting all economic operations, and our private banks are now aware of this and are working hard to develop all aspects of their work.

He pointed out that Iraq is an important economic front for many international companies in the coming period, and we must work in this direction and create a suitable environment to attract international efforts.  link

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Tishwash:  Basra Security: The visit of diplomatic missions aims to highlight Basra as an Iraqi economic capital with enormous development potential

The head of the Security Committee in Basra Provincial Council, Aqeel Talib Al-Furaiji, confirmed that the visit of Arab and foreign diplomatic missions aims to shed light on Basra as an Iraqi economic capital with tremendous development potential.

Al-Furaiji said in a statement by his media office: He accompanied Basra Governor Asaad Al-Eidani to accompany the delegation of diplomatic missions, which included more than 146 figures, to the Grand Faw Port. The tour included a program prepared to introduce the missions to the major projects in the governorate, and an inspection visit to the most prominent stations of the port, including the stages of implementing the submerged tunnel and the completed parts of the project, which reflect tangible progress in its completion.

He explained: "The previous achievements of the local government and its future plans aimed at developing the infrastructure and enhancing Basra's position as a strategic hub in the region were also reviewed.

Al-Furaiji stressed:" Such visits carry a clear message about the authenticity of Basra and its cultural depth, as well as its readiness to receive investments and major projects.  link

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

Tishwash:  Al-Sudani to visit Britain next month

Prime Minister Mohammed Shia Al-Sudani discussed, today, Thursday, in a phone call he received from British Foreign Secretary {David Lammy}, during which bilateral relations and ways to enhance them, developments in the region, and the repercussions of events on the Syrian scene were discussed.

During the call, the Prime Minister stressed, according to a statement from his office, a copy of which was received by {Euphrates News}, “Iraq’s firm position on the necessity of preserving Syria’s security, territorial integrity, sovereignty, and civil peace in light of the free will of the brotherly Syrian people, and respecting their choices and social, ethnic, and cultural diversity, pointing out the necessity for major countries to play their role in stopping the tragedy in Gaza.”

For his part, the British Minister indicated that his government looks forward to the visit that Al-Sudani will make to Britain next month, and the opportunities to enhance the constructive partnership through it, for the mutual interest. He also stressed the commitments of the international coalition towards Iraq in various fields, and the importance of Iraq's pivotal role in preserving the security and stability of the region. link

Mot: ........ stress of the holidaze 

Mot: ... They Say --

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

Good Evening Dinar Recaps,

GOLDMAN SACHS CEO DAVID SOLOMON SAYS BANK NEEDS REGULATIONS TO CHANGE BEFORE LOOKING AT CRYPTO: REPORT

The CEO of Wall Street titan Goldman Sachs reportedly says the investment bank is not diving into crypto without regulatory permission.

According to Reuters, David Solomon says US regulations need to change before the bank can start holding and trading crypto assets.

Says Solomon during an interview at the Reuters NEXT conference in New York,

“That’s a question you have to ask regulators. At the moment, as a regulated banking institution, we’re not allowed to own a cryptocurrency like Bitcoin as a principal.

We give our clients advice around a variety of these technologies and these issues and will continue to do that, but for the moment our ability to act in these markets is extremely limited from a regulatory perspective.”

Solomon’s statement comes amid growing interest in crypto-focused financial products. Investment giant BlackRock’s Bitcoin (BTC) exchange-traded fund is now bigger than its gold exchange-traded fund despite the latter’s 19-year head start.

The crypto market is also anticipated to explode following the victory of Donald Trump in the November election. The president-elect promised to implement policies that will solidify crypto self-custody and bolster the growth of the industry.

Trump also picked crypto-friendly Scott Bessent and Paul Atkins as Treasury Secretary and U.S. Securities and Exchange Commission (SEC) chair, which is regarded as an early sign of an incoming shift in the government’s stance on digital assets.

@ Newshounds News™

Source:  DailyHodl

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IOTA COFOUNDER MEETS PHILIPPINE SECRETARY OF TRADE TO DISCUSS EXPANSION IN SOUTH EAST ASIA

▪️Dominik Schiener met Philippine Trade Secretary Cristina Aldeguer-Roque to explore integrating IOTA’s TWIN logistics network into Southeast Asia by 2025.

▪️IOTA’s Rebased protocol introduces a dual-contract system (EVM and MoveVM) enabling 50,000+ transactions per second with minimal latency.

IOTA, a decentralized blockchain solution known for its scalability and efficiency, is ramping up its efforts in Southeast Asia. In a strategic move, Dominik Schiener, IOTA’s co-founder, engaged in an important discussion with Cristina Aldeguer-Roque, the Secretary of Trade for the Philippines.

 This meeting occurred during a high-profile international summit, setting the tone for IOTA’s expanding footprint in the region.  

The session highlights cooperation between prominent industry leaders and government officials. Discussions reflect a strategic vision to incorporate TWIN into Southeast Asia’s logistics networks, with the aim of implementing it by 2025. 

TWIN seeks to optimize trade processes by merging physical goods with digital infrastructure, eliminating inefficiencies and boosting transparency.

Rebased Upgrade Solidifies IOTA’s Expansion

In parallel, IOTA continues to evolve its ecosystem by introducing the Rebased protocol, which represents a pivotal upgrade for the platform. 

Building on earlier updates like Stardust, Rebased brings groundbreaking changes, solidifying IOTA’s standing as a leading blockchain innovator. Features such as low transaction fees, staking rewards, and enhanced scalability further underline its commitment to progress.  

The Rebased protocol introduces advanced smart contract capabilities through its unique dual-contract framework, which blends the Ethereum Virtual Machine (EVM) with MoveVM. Developers can now leverage Ethereum-compatible tools or Move-based programming languages to create seamless, scalable solutions on the IOTA network.  

Moreover, the Mysticeti consensus switch bolsters the protocol’s capacity, enabling over 50,000 transactions per second with minimal latency. This ensures faster finality while retaining decentralization. Notably, IOTA’s adaptive fee burn mechanism keeps transaction costs low, catering to a wide spectrum of users.  

The network’s staking model offers attractive incentives, with an initial annual inflation rate of 6-7% and staking yields as high as 10-15% for participants. Such robust features are steering IOTA toward a sustainable future, fostering innovation in decentralized finance (DeFi) and other blockchain applications.  

Expanding Ecosystems and Strategic Partnerships

IOTA’s commitment to scalability is evident in the recent growth of its Ethereum Virtual Machine (EVM) Layer 2 platform. Introduced in June 2024, the platform achieved remarkable success, with its Total Value Locked (TVL) climbing from $30 million to $86 million. To further encourage DeFi adoption, IOTA has set aside $28 million for development over the next two years.  

On a global scale, IOTA has forged critical alliances. Notable partnerships include the development of Kenya’s Trade and Logistics Information Pipeline, the tokenization of U.S. Treasuries with Realize, and collaborations with Rabby Wallet, LayerZero, and Pyth Network. These ventures showcase IOTA’s dedication to practical applications of blockchain technology.

As 2025 approaches, all eyes are on IOTA to see how it will continue reshaping the digital landscape, driving transparency, efficiency, and growth across industries worldwide.

@ Newshounds News™

Source:  Crypto News Flash

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JUST IN: COINBASE SCORES MAJOR WIN IN FOIA CASE AGAINST FDIC

A Federal Judge has once again ruled in favor of Coinbase as FDIC's redactions in core files were called into question

American crypto trading firm Coinbase Global Inc. has scored another major win against the Federal Deposit Insurance Commission (FDIC) in its ongoing Freedom of Information Act (FOIA) legal battle. This new ruling flags the FDIC for making what the court called “nuanced redactions.”

Coinbase and FDIC: Where is The Case Heading?

According to excerpts of the ruling shared by Paul Grewal, the exchange’s Chief Legal Officer, the Judge said FDIC acted in bad faith with its redactions. The judge noted that the market regulator cannot just “blanket redact everything that is not a preposition.”

This new ruling comes as Coinbase shared documents last week that exposed the FDIC’s role in the much criticized Operation Chokepoint 2.0.

@ Newshounds News™

Source:  CoinGape

Read more:  X .com 

~~~~~~~~~

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12 Assets To Avoid Leaving to Your Heirs When You Die

12 Assets To Avoid Leaving to Your Heirs When You Die

Jennifer Taylor Thu, December 12, 2024 GOBankingRates

You want to leave your loved ones with assets that will enrich their lives. However, not all assets are created equal. Despite your best intentions, some of the assets you plan to bestow upon your heirs might be more of a headache. Whether they’re difficult to manage or potentially costly, you won’t be doing them any favors.

GOBankingRates spoke with financial advisors to find out which assets you don’t want to pass on. Here’s what they had to say.

Tax-Deferred Accounts

You worked hard to save for retirement, so it makes sense that you want to leave any remaining balance in your accounts to your heirs.

“Tax brackets are key to building this proactive inheritance strategy,” said Chad W. Holmes, CFP, CPWA, founder and financial planner at Formula Wealth in Montgomery, Alabama. If you’re in a lower tax bracket than your children, he said it might make sense to advance IRA withdrawals over the period of a few years.

“By spreading out this taxable income over multiple years, they never have a spike in tax rates,” he said. “When they pay taxes on the tax-deferred assets, they’re able to put the money into an after-tax account where it can again be invested.”

Ultimately, he said this is the best way to ensure they get as much of your hard-earned money as possible.

“Now the higher tax bracket children will receive an asset that gets a step up in basis at death, essentially inheriting the funds with no built in gains or taxes,” he said.

Health Savings Account

An HSA can be a good or bad investment to pass on, depending on who the heir is in relation to you. If you leave it to a spouse, they’ll be able to continue using the money for medical expenses with no taxes or penalties, said Pam Horack, CFP at Pathfinder Planning LLC of Lake Wylie, South Carolina.

“However, if you leave an HSA to your child, estate or other organization, it may be considered income in the year it is received,” she said. “They are not allowed to use the tax advantages for their own healthcare, and the income could inadvertently throw your heirs into a higher tax bracket.”

Real Estate Properties With High Maintenance Costs

In theory, leaving real estate to your heirs might seem like a good inheritance, but it depends on the property.

 “Properties that require extensive upkeep, such as large estates or vacation homes, can burden heirs with ongoing expenses,” said Alex Doyle, CFP, wealth manager at Woodson Wealth Management in Rochester, New York. “Consider selling such properties or converting them into rental properties to generate income, or even donating them to a charitable organization.”

Illiquid Investments

TO READ MORE: https://www.yahoo.com/finance/news/m-financial-advisor-don-t-180050195.html

Evening News with MarkZ and Dr. Scott Young. 12/12/2024

Evening News with MarkZ and Dr. Scott Young. 12/12/2024

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

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

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

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

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

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

Youtube:     https://www.youtube.com/watch?v=3A61XdTwr5g

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

TNT:

Tishwash:  Iran takes over OPEC presidency, Iraq as vice-president for 2025

On Wednesday, the Oil Exporting Countries (OPEC) elected Iranian Oil Minister Mohsen Paknejad as interim president of the organization's conference for the year 2025, and Iraqi Oil Minister Hayan Abdul Ghani as vice president.

Iranian Minister Paknejad told reporters about the 189th OPEC conference held via video today, "Various issues were raised in this meeting, the most important of which is Iran assuming the presidency of the next OPEC session in 2025," according to Iranian media.

He added, "In this meeting, the Iraqi Oil Minister was appointed as Vice President of OPEC."

The Iranian Minister expressed his thanks to the President of the Conference and the Ministers of OPEC Member States for their confidence and choosing the Iranian Oil Minister as President of the OPEC Conference in 2025.

"As the President of the OPEC Conference for the year 2025, I will commit myself to harnessing all my capabilities and doing my utmost to enhance the spirit of cooperation, cohesion, solidarity and progress in this organization," Paknejad said.

Yesterday, Tuesday, the Organization of the Petroleum Exporting Countries (OPEC) renewed the mandate of its Secretary-General, Haitham Al-Ghais, for another three years, during a virtual meeting held yesterday.

Al-Ghais took office in early August 2022, replacing Mohammed Barkindo of Nigeria, and OPEC decided to hold its next regular meeting on May 28, 2025.  link

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Tishwash:  Kurdistan Region signs trade agreement with India

The Chamber of Commerce in Erbil, the capital of the Kurdistan Region, signed an agreement on Thursday to enhance trade with India.

The head of the Erbil Chamber of Commerce, Gilan Haj Saeed, told Shafaq News Agency, "The relations of the Kurdistan Region with India are old, and we always hope for the development of these relations in all fields. India is one of the main countries importing oil to Iraq, and likewise Iraq is a major importer of Indian products."

Haj Saeed expressed his hope that the signing of the Memorandum of Understanding today would be a good incentive to enhance the trade process between the two sides and to include all areas in a way that serves the common interests.

He also hoped that Indian companies would invest in the Kurdistan Region under the current investment law that provides great facilities to investors so that the foreign investor would be considered like the local investor with all privileges, pointing out that "the Kurdistan market needs investments in all fields."link

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

Mnt Goat   “THE TURNING POINT: IRAQ’S LEAP INTO THE DIGITAL ECONOMY”   This is...a shift towards better financial inclusion... Iraq’s transition to digital payments will unlock a range of economic benefits and  I am told by my CBI contact that this is the precursor to the Project to Delete the Zeros...and the plan to end the currency auctions of using dollars to electronic transactions by the end of the 2024...in about 3 weeks...  We...look forward to the initiation of the Project to Delete the Zeros, if in fact the CBI does intend to reinstate the dinar back on FOREX... Let’s all keep an eye for what happens when Iraq finally makes this huge transition away from using purely cash to all digital.

MarkZ   [via PDK]  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.

Good News: Baghdad Selected ATO Capital for 2025; USD/IQD 1310 to $1.00

Edu Matrix:  12-12-2024

Good News: Baghdad has been Selected as the Arab Tourism Organization (ATO) Capital for 2025. This is a big deal for Iraq and could be the beginning of massive tourism income.

Prime Minister Mohammed S. Al-Sudani expressed his gratitude to everyone who contributed to this achievement, adding: "These initiatives aim to enhance service standards and modernize the capital's infrastructure to a level that reflects its historical and cultural stature and that of Iraq as a whole."

The ATO, or the Arab Tourism Organization, was founded in 1954 in Cairo, Egypt. Its mission is to promote tourism in the Arab states and coordinate all efforts to draw up a unified Arab tourist policy.

The organization provides members with all possible services and assists them in acquiring professionalism by supplying them with relevant studies and information. It also removes obstacles to the expansion of tourism.

https://www.youtube.com/watch?v=DSCkSMoWBp4

6 Reasons Your Tax Refund Will Be Higher in 2025

6 Reasons Your Tax Refund Will Be Higher in 2025

Jordan Rosenfeld  Thu, December 12, 2024 GOBankingRates

Tax refunds can feel like the reward for the hassle of filing your taxes, but many Americans forget that this is not extra money coming back to you, but your own money that, in essence, you overpaid (or under-deducted) to the government.  A big tax refund might actually be a sign of financial changes you need to make with your accountant, but who doesn’t like getting money back instead of paying it out?

According to Alex Freund, a financial advisor and owner of Freund & Smith Advisors, a Northwestern Mutual firm, here are six reasons why your tax refund could be higher in 2025.

If You Earned the Same (or Less) Income as Last Year

A common reason you might wind up with more money back in 2025 is if you earned the same, or even less, income because there are inflationary adjustments that occur to the tax rates, brackets and deductions, Freund explained.

“Almost everything in the tax code is stipulated and scheduled to increase on an annual basis with inflation,” Freund said.

If you don’t make any more income in 2025 compared to 2024, you’ll actually pay less in taxes and get a bigger refund “because the deductions are going up by inflation as well as the brackets,” he said.

If You Made Increased Contributions to Retirement Accounts

If you made any increased contributions to tax advantaged retirement accounts, such as a 401(k), which reduce your taxable income now, the taxes on your gains or even later upon withdrawal, such as with a Roth IRA, your refund might be higher. Freund pointed out that the federal government provides these kinds of deductions to “incentivize people to make these contributions so they aren’t broke or asset-less as they get near or into retirement, or be fully reliant on Social Security or government assistance.”

For example, he said, let’s say a couple is in a 22% tax bracket. If you’re married filing jointly, that’s generally taxable income between $100,000 and $200,000, you’re paying about 22 cents on every dollar in taxes. “Well, the same holds true if you put away a dollar into a retirement plan — you’re saving about 22 cents in taxes,” he said.

If You Take Self-Employment Deductions

The self-employed small-business person or independent contractor is entitled to take a variety of deductions for “reasonable and necessary” business expenses and operations, Freund explained. While you want to work with a CPA to make sure you’re doing this correctly, if you had greater expenses or discovered new deductions you’re eligible for, this could reduce your taxable income and potentially see a return to you of more of the taxes you paid to the government.

If You Qualify For Tax Credits

Tax credits are basically “government incentives to do something,” Freund said, and they can reduce your taxable income. “So in this world where we’re trying to become more green, you have tax credits for installing efficient furnaces and air conditioning units and solar panels on your house, efficient washers and dryers, et cetera,” he explained.

TO READ MORE:  https://www.yahoo.com/finance/news/6-reasons-tax-refund-higher-160023489.html