Iraq Economic News and Points to Ponder Saturday Afternoon 12-14-24

Blinken: The Work And Change Taking Place In Baghdad Is Surprising And Admirable

Saturday 14 December 2024 10:41 | Politics Number of readings: 254  Baghdad / NINA / US Secretary of State Antony Blinken expressed his astonishment and admiration for the work and change taking place in Baghdad.

Blinken said in a speech to reporters after leaving Baghdad: "There is important work that has been done to ensure that Iraqis receive the necessary services to build a better life."

He added: "I expressed my astonishment to Prime Minister Mohammed Shia al-Sudani when I arrived in Baghdad, with the construction and vitality of the capital, and there is important work that has been done to ensure that Iraqis receive the necessary services to build a better life."

He continued: "It is impressive that these changes are taking place," stressing: "The Iraqi people deserve this development." / End9  https://ninanews.com/Website/News/Details?Key=1174545

Gold Ends Two-Week Losing Streak

Money and business   Economy News - Follow-up  Gold prices posted a weekly rise, ending a two-week losing streak.

This came after investors raised their expectations this week that the US Federal Reserve would cut interest rates at its meeting next week.

Gold futures for February 2025 delivery were up 0.6 percent on the week, despite falling 1.25 percent, or $33.6, to $2,675.8 an ounce on Friday.

The dollar index, which measures the performance of the US currency against a basket of 6 major currencies, settled at 106.98 points.

Profit-taking weighs on gold prices

Markets are pricing in a 97.5 percent chance the Fed will cut rates by 25 basis points at its meeting starting next Tuesday, according to the FedWatch tool, up from 86 percent last week.

Goldman Sachs had expected gold prices to rise to $3,000 per ounce by the end of 2025.

The bank said in a note that the rise in gold will occur even if the value of the US dollar continues to rise.

Goldman Sachs analysts said on Wednesday that markets could see increases in both gold prices and the value of the dollar in 2025, due to lower interest rates and increased uncertainty. 73 views - https://economy-news.net/content.php?id=50854

Gold Heads For Weekly Gain Of Over 2%

Money and business  Economy News - Follow-up  Gold prices are heading for weekly gains, and were slightly higher in early Friday trading, supported by reports that China, the largest gold consumer, has resumed its purchases and growing expectations that the Federal Reserve will cut interest rates at its meeting on Dec. 17-18.

Update prices

Spot gold rose 0.3 percent to $2,688.29 per ounce by 0320 GMT, and was on track for a weekly gain of more than 2 percent.

US gold futures settled at $2,711.30.

Traders are now focused on the Fed's interest rate decision, with the CME FedWatch tool pricing in a 96.4 percent chance of a 25 basis point rate cut.

Gold prices fell more than 1 percent on Thursday amid profit-taking after the metal briefly hit a five-week high earlier in the session.

U.S. producer prices rose more than expected in November, amid higher food costs. Data released Wednesday showed consumer prices rose by the most in seven months in November, boosting bets on interest rate cuts.

The European Central Bank cut interest rates for the fourth time this year and the Swiss National Bank cut rates by 50 basis points, its biggest cut in nearly a decade, on Thursday.

Gold prices usually rise in a low interest rate environment.

As for other precious metals, silver settled at $30.94 per ounce, according to Reuters data.

Platinum rose 0.4 percent to $933.65. Palladium fell 0.1 percent to $969.09. Both metals were on track for weekly gains.  98 views  Added 12/13/2024 - https://economy-news.net/content.php?id=50824

Dollar Closes Higher Against Dinar In Baghdad And Erbil At The Beginning Of The Week

12/14/2024  Mawazine News – Economy  The dollar prices rose in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, on Saturday with the closing of the stock exchange.

The dollar prices also rose with the closing of the Al-Kifah and Al-Harithiya stock exchanges to record 151,000 dinars for every 100 dollars, while this morning it recorded 150,650 dinars for every 100 dollars.

Selling prices rose in exchange shops in the local markets in Baghdad, where the selling price reached 152,000 Iraqi dinars for every 100 dollars, while the purchase price reached 150,000 dinars for every 100 dollars.

In Erbil, the dollar also recorded a rise, where the selling price reached 150,450 dinars for every 100 dollars, and the purchase price was 150,250 dinars for every 100 US dollars. https://www.mawazin.net/Details.aspx?jimare=257458

Oil Rises 2% To Highest Level In 3 Weeks

Energy   Economy News - Follow-up  Oil prices jumped about 2 percent to settle at a three-week high on Friday, supported by expectations that additional sanctions on Russia and Iran will limit supplies and that interest rate cuts in Europe and the United States will boost fuel demand.

Brent crude futures rose $1.08, or 1.5%, to settle at $74.49 a barrel, while U.S. West Texas Intermediate crude futures rose $1.27, or 1.8%, to $71.29.

Today’s settlement was the highest for Brent crude since November 22, up 5% on the week. West Texas Intermediate crude gained 6% on the week and hit its highest since November 7.

"What drove the rally were... expectations of tighter sanctions on Russia and Iran, more supportive Chinese economic guidance, political unrest in the Middle East and speculation of a US rate cut next week," analysts at consultancy Ritter Busch & Associates said in a note.

The European Union agreed to impose a 15th package of sanctions on Russia this week over its war in Ukraine, targeting Russia's shadow fleet of tankers, and the United States is considering similar moves.

Britain, France and Germany told the UN Security Council that they were prepared, if necessary, to work to reimpose all international sanctions on Iran to prevent it from obtaining nuclear weapons.

Chinese data this week showed crude imports into the world’s biggest importer grew at an annual rate in November for the first time in seven months. China’s crude imports are expected to remain high until early 2025 as refiners lean toward increasing supplies from top exporter Saudi Arabia due to low prices and independent refiners rush to fill their quotas.

The International Energy Agency raised its forecast for demand growth to 1.1 million barrels per day in its monthly oil market report, from 990,000 barrels per day last month, citing stimulus measures in China.

The agency expects an oil supply surplus next year as non-OPEC+ countries are set to boost supplies by around 1.5 million barrels per day, led by Argentina, Brazil, Canada, Guyana and the United States.

The OPEC+ group includes OPEC member states and allies such as Russia.

Bloomberg reported that the OPEC member UAE intends to reduce oil shipments early next year as OPEC+ seeks stronger discipline in meeting production targets.

The price of Iranian crude to China has risen to its highest in years as U.S. sanctions limit shipping capacity and raise logistics costs. The incoming administration of U.S. President-elect Donald Trump is expected to ramp up pressure on Iran.

98 views  Added 12/14/2024 - https://economy-news.net/content.php?id=50847

Al-Sudani Confirms That Modernizing Company Registration Work Is At The Heart Of Economic Reform Efforts, Combating Corruption And Improving The Business Environment

Political | 12/14/2024  Mawazine News – Baghdad  Prime Minister Mohammed Shia Al-Sudani inaugurated today, Saturday, the new building of the Companies Registration Department, affiliated with the Ministry of Trade in the capital, Baghdad, and toured the building, during which he was briefed on the departments of the department and its work mechanisms.

Al-Sudani stressed the government's continuation of its special program to modernize the work of institutions and departments, and make them keep pace with technological developments and modern management systems, in a way that enhances the efficiency of administrative work. The

Prime Minister explained that developing the Companies Registration Department and modernizing its work mechanisms comes within the steps of administrative and economic reform, and at the heart of efforts to improve the business environment and achieve the goal of simplifying procedures to provide an attractive environment for investment, in addition to its important impact in combating corruption. https://www.mawazin.net/Details.aspx?jimare=257442

Al-Awadi: US Secretary of State praised the government's role in calming the region

Friday 13 December 2024 | Politics Number of readings: 110  Baghdad / NINA / Government spokesman Bassem Al-Awadi confirmed that the US Secretary of State praised the government's role in calming the region. / End 8    https://ninanews.com/Website/News/Details?Key=1174474

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

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 12-14-24

Good Afternoon Dinar Recaps,

US SENATOR: NEW TREASURY SECRETARY WILL CHAMPION DIGITAL ASSETS

A senator hails Scott Bessent as a champion for digital assets, backing his Treasury Secretary nomination to advance a Strategic Bitcoin Reserve and reshape U.S. fiscal policy.

The Pro-Crypto Leader Poised to Shape US Fiscal Policy

U.S. Senator Cynthia Lummis (R-WY) has voiced firm backing for President-elect Donald Trump’s selection of hedge fund manager Scott Bessent as the next Treasury Secretary. Last month, Trump nominated Bessent to succeed Janet Yellen as the 79th U.S. Treasury Secretary.

Lummis emphasized that his appointment could bolster her recently proposed legislation advocating for a Strategic Bitcoin Reserve. This initiative, formally known as the BITCOIN Act, was unveiled in July and aims to establish a federal bitcoin reserve to fortify the U.S. dollar and tackle the growing national debt. The senator expressed her enthusiasm on the social media platform X on Friday, stating:

Scott Bessent will be a champion for digital assets and a crucial ally in passing my Strategic Bitcoin Reserve.

“I look forward to working closely with the future Treasury Secretary to restore fiscal responsibility!” she added.

The concept of a U.S. strategic bitcoin reserve has gained traction recently, with several states initiating legislative efforts to establish such reserves. Notably, Texas introduced House Bill 1598, aiming to create a strategic bitcoin reserve funded through donations and gifts, allowing residents to pay taxes in bitcoin.

Similarly, Pennsylvania proposed legislation permitting its treasury to allocate up to 10% of state funds into bitcoin. At the federal level, Trump has advocated for a national bitcoin reserve, a proposal that has sparked debate among experts regarding its feasibility and potential economic impact.

These developments reflect a growing interest in integrating bitcoin into governmental financial strategies across the U.S.

Supporters of the decision have praised Bessent’s openness to cryptocurrency innovation. Ripple CEO Brad Garlinghouse, for instance, commented on X: “I don’t want to get too far ahead of myself but… Scott Bessent is the perfect pick by Donald Trump. He will be the most pro-innovation, pro-crypto Treasury Sec we’ve ever seen.”

Bessent, who founded Key Square Capital Management and previously served as chief investment officer for George Soros, has gained recognition for his macroeconomic acumen. Known for advocating deficit reduction and regulatory reform, his nomination has been met with optimism by financial markets and business leaders. Many anticipate his leadership could foster policies favorable to cryptocurrency, potentially advancing proposals such as Lummis’s bitcoin reserve plan.

@ Newshounds News™
Source:  Bitcoin News

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BANK OF ENGLAND GIVES CRYPTO FIRMS TILL MARCH 2025 TO DISCLOSE DIGITAL ASSET EXPOSURE

England’s central bank is giving companies until March 2025 to disclose their exposure to digital assets.

In a new announcement, The Bank of England says that the Prudential Regulation Authority (PRA) – the UK’s financial regulator – is looking to gather data on firms’ current and future exposure to crypto assets.

“This [data] will inform work across the PRA and the Bank of England on crypto assets by helping us calibrate our prudential treatment of crypto asset exposures, analyze the relative costs and benefits of different policy options and providing an updated view of firms’ current and intended crypto asset-related business activities as a base from which to monitor the financial stability implications of these assets.”

Some of the disclosure requirements include any business related to digital assets and how the bank profits from it, risk management policies of the bank toward crypto, a rundown of how the bank reports its crypto assets, and the most significant crypto-related risks the firms are exposed to and how they plan to manage them, according to the PRA’s questionnaire.

“The decision to hold crypto assets (either under trading or banking book) and provide services to crypto asset operators must be fully consistent with the bank’s risk appetite and strategic objectives as set down and approved by the board, as well as with senior management’s assessment of the bank’s risk management capabilities.”

According to the PRA’s second framework for crypto assets, which was released in 2022, firms still cannot completely mitigate the risks of using permissionless blockchains.

@ Newshounds News™

Source:  DailyHodl

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@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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US Dollar will Look Like Pump and Dump Stock

US Dollar will Look Like Pump and Dump Stock

David Lin:  12-13-2024

In recent discussions around the health and future of the U.S. dollar, Morgan Lekstrom, President and Director of NexGold Mining Corp., shared a striking perspective, suggesting that the dollar could resemble a “pump and dump” stock.

This metaphor implies a volatile and deceptive cycle wherein the value of the dollar is artificially inflated only to be discarded quickly, leaving investors vulnerable to significant losses.

The context of Lekstrom’s remarks stem from the increasing concerns over inflation, geopolitical instability, and a shifting global financial landscape that has many investors seeking safety in tangible assets like gold. As the U.S. grapples with economic uncertainties, the question looms large: is the faith in the dollar waning?

The U.S. dollar has long been considered the world’s reserve currency, dominant in international trade and finance. However, its status is under scrutiny as countries around the globe explore alternatives. The vast debt levels in the U.S., increasing inflation rates, and fears of a recession are causing some analysts to rethink the dollar’s reliability.

As Lekstrom pointed out, this environment creates the potential for a “pump and dump” scenario, where the dollar’s apparent strength could be short-lived and misleading.

At the same time, a noteworthy phenomenon is unfolding: a global “gold arms race.” Nations are ramping up gold purchases as a means to diversify their reserves and hedge against inflation and currency fluctuations. Central banks and large investors are acquiring gold at an unprecedented pace, signaling a movement towards more tangible forms of wealth preservation. This trend reflects a growing distrust in fiat currencies like the dollar, as countries seek to safeguard their financial systems from the perceived volatility linked with reliance on a single currency.

China and Russia are two of the most notable players in this gold rush. Both countries have significantly increased their gold reserves in recent years, partly in response to mounting tensions with the U.S. and its allies. This shift illustrates a broader strategy of reducing dependency on the dollar and strengthening their financial independence.

The implications of a potential decline in the dollar’s value are profound. If the dollar continues to weaken, it could lead to heightened inflation within the U.S., as the cost of imports rises.

 Additionally, a diminished dollar could trigger a reassessment of global trade relationships and the balance of economic power, facilitating a shift towards a multi-polar currency system.

Furthermore, the transition to alternative currencies, or the adoption of a gold-backed standard by some nations, could complicate the dollar’s dominance in international markets. In this new ecosystem, equities in gold will likely gain favor—shifting investment strategies and prompting increased interest in mining companies like NexGold Mining Corp., which stands to benefit from a burgeoning demand for gold.

The forecast for the U.S. dollar, as articulated by Morgan Lekstrom, illustrates a precarious chapter for American currency. With growing evidence of a global “gold arms race,” investors and policymakers alike must navigate a complex new financial landscape where the sustainability of the dollar is increasingly in question.

 As nations fortify their gold reserves, the strategies that were once heavily reliant on the dollar may need to be reevaluated, signaling a potential end to an era of dollar supremacy.

In this evolving scenario, the prudent investor may find that reallocating resources towards gold and mining firms could serve as a safeguard against the impending volatility of a dollar that many are now beginning to view with reservation.

As history has shown, those who adapt to change can often thrive, even amidst uncertainty.

https://youtu.be/_Ja1A276T4M

News, Rumors and Opinions Saturday 12-14-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 14 Dec. 2024

Compiled Sat. 14 Dec. 2024 12:01 am EST by Judy Byington

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(allegedly)  long passed their HCL Law (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.

Fri. 13 Dec. 2024 Wolverine: You know I am under NDA, so I cannot talk about specific platforms and I know you will respect the fact that I cannot speak of this. What I can tell is that we are ready! We are ready and Reno has been given the GREEN light. This is official from what I have been told. This is from a person at the redemption center. Things are ready to roll.

Looks like Bruce was right. It looks like either today or tomorrow for funds to be released. Everyone is so stressed right now as it appears things are definitely going to happen.

I have wonderful news I would like to share with all of you about Mauricio Castanio. He is one of the largest whales in the RV – his platform goes out to about 30 countries around the world to give aid to many people. He is purely Nesara/Gesara. He has just received the Humanitarian Award and for Peace on this Planet by the Government of Colombia.

 I will post this in the Chosen One room for all to see. This was given to him by the President of Colombia for recognition of 20 + years’ work he has done to help humanity. It is a magnificent recognition for his achievement.

Nothing more I can to you right now. Just get ready. This IS IT. We are going to have a MERRY CHRISTMAS! The notifications should come out either today or tomorrow. I know all of you are sick of hearing tomorrow, and we pray it is today. The notification will be coming from a website. Please keep an eye on your emails. If you receive the notification first let us know so I can place that Website in the Chosen room so everyone can have access to that notification.

This will be very emotional for all of us. I also received intel from an Arabic person who happens to be a Christian preacher! He is a good friend of mine! He told me that Syria has revalued their currency ! This just came out and he has very good intel. I cannot tell you more.

Lots of people under lots of pressure to get this done. It could happen today. Some people say banks are closed on Saturday and Sunday, but it does not matter, it goes through the QFS and it can go any day, banks open or not. QFS is open 24/7. It can be done on any day.

It has been so difficult not getting enough sleep, I pray this finishes soon, so I can get cured, hear again, listen to music, and I also pray for all those suffering from health issues. As soon as I get that call, the notifications will come out, and the opera will come out. The YouTube video will be first. Carpathia will say something special, and I am sure will say something that will reach everyone’s heart and probably make us all cry, probably, and then the opera will come out. It will be live on the PPN Channel through Chas, who has been gracious to do this for us, as you cannot do this on the Telegram Channel.

Remember the Medbeds will be available ASAP after the redemption center appt, so ask for the phone number while you are there. REMIND them about the Medbeds! God bless you All. Have faith. I am not here to cause harm or create hopium as I am in the same situation as each of you. I am sure we will have a very good Christmas! …Morisha said it will come before Christmas and if it doesn’t come by Christmas, then it will be the 25th of Jan.

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Fri. 13 Dec. 2024 Wolverine Member: I just received a call from my X*X platform, informing me that my notification is currently in an emailing mode, with a time set for this Saturday 14th December 2024.

Thurs. 12 Dec. 2024 Bruce: We are hearing we will have an amazing weekend. Notification for Bond Holders and us in Tier4b will be on Sat. 14 Dec. 

Thurs. 12 Dec. 2024 Militia Man: There’s 140 ambassadors already started arriving for a celebration in Basra Iraq. For what? A historic event inclusive, UNESCO, UNICEF, the World Bank, deputy ambassadors. Why would they all be there? For what? Because they’re going to showcase, for all the investors.  What are they going to showcase?  Iraq’s basically sounding like they’re going to open to the world. I don’t know about you but I’m really excited!  I’ve been white knuckling it for a few days. Let’s watch what they do, let’s watch what they say.

Fri. 13 Dec. 2024 Ginger of Liberty Lounge: On Wed. 11 Dec. the Iraqi PM finished his work on the Iraqi Dinar and left to reconcile accounts with the King of Jordan – who is Trustee of the Iraqi Dinar. A new Iraqi Dinar rate has been used in-country for the last couple of days. On Thurs. 12 Dec. Reno was officially put on High Alert. I repeat, yes indeed, they are, in fact, on High Alert this very moment.

Fri. 13 Dec. 2024 Jentel: Iraq is 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 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.

The Vietnamese Dong: 5MinutesAgo VIETNAMESE DONG New Exchange Rates Latest Iraqi Dinar Updates

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Global Financial Crisis:

Fri. 13 Dec. 2024 Wells Fargo to Trim Oregon Workforce by 700 Due to Closures: https://www.opb.org/article/2024/12/04/wells-fargo-oregon-workforce-salem-hillsboro-portland-office-closures-layoffs/ 

Read full post here:  https://dinarchronicles.com/2024/12/14/restored-republic-via-a-gcr-update-as-of-december-14-2024/

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

Frank26  With our contacts with private banks in and outside of Iraq they're all telling us they are extremely busy.  They're all telling us that they're getting ready for you [Iraqi citizens].

Militia Man   There's still some people out there that just don't want Iraq to move forward because the status quo, the way it's going, they're making nothing but money by stealing money by the government... December 15, I believe remittance auctions will cease...That may be the last you see of the dollar auctions...They're pushing towards getting rid of the illegal market smuggling... Article quote: "Advisor to the Prime Minister Saleh confirmed again...that tightening the control over suspicious financial transfers reduces manipulation of the exchange rate and the stability of the national currency..."  Cessation of these auctions of the dollar and the illegal trade, it's going to do wonders.  That's their focus and they're not deviating...

'Grand Reconciliation of Asset Prices' as Chaos Erupts with Michael Pento

WTFinance:  12-13-2024

On this episode of the WTFinance podcast I had the pleasure of welcoming back Michael Pento. Michael is the President & Founder of Pento Portfolio Strategies.

During this conversation we spoke about the current market outlook, why the market is dangerous, cutting government costs, is inflation an issue, asset bubbles, whether the middle class can be saved and more. I hope you enjoy!

0:00 - Introduction

0:59 - Market outlook

2:38 - Why is the market dangerous?

 8:06 - How does the US get out of this?

9:43 - Cutting government costs?

11:36 - Inflation an issue?

20:28 - 3 Asset Bubbles

22:58 - Which sectors benefitting?

25:08 - Next stage

24:53 - Can the middle class be saved?

27:53 - One message to takeaway from conversation?

https://www.youtube.com/watch?v=MS0cu-ZMujs

Weekend News With MarkZ 12-14-2024

Weekend 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

MZ: It is finally the weekend! You guys know the drill, we spend the first 45-60  minutes talking with Matt and Lucus at CBD Gurus today. We dive into the news of the day afterwards

Member: GM Mark, Mods and Family! Are we there yet?

Member: I'm wondering how many of the people in here believe that this is our weekend?

Member: I WANT to believe it's this weekend!

Member: It certainly could be this weekend!

MZ: We sure hope it’s this weekend….things have sure gotten interesting

Member: I think it will happen the week of the 25th.

MZ: some would agree with you. It is our understanding that the St. Germaine trust is easiest to open at Christmas and Easter- so it could be. This has been talked about for at least 20 years. But I still hope its sooner.

Member: I have been told by a great contact the money would be given on Christmas Day because of St.Germains trust!!

MZ: I got some reports from contacts in Iraq that they now have a lot more money than they used to have……but they won’t say how or why….just that they have a lot more money than they had.

MZ: They had told me they had expected to exchange sometime around Victory Day on Dec 10th. But they will not tell me where their sudden wealth has come from. I think things have started at the upper levels in Iraq. I am pretty excited.

Member:  I believe Iraq has revalued in country and budget, etc passed. We're just waiting for our turn. it's coming...

MZ: I believe it has as well. Maybe that is why some of my best Iraqi contacts are not saying anything but they suddenly have dollars (dinars?) . I will be happier though when you and I also have dollars.

Member: Tomorrow the auctions for US dollars are supposed to stop-According to MilitiaMan and Frank26

MZ: “ Iraq within the map of change: Specialist-Upcoming  international decisions will be taken before the arrival of Trump”  They want to make sure everything is finished before Trump takes office. There is a massive push as they want to be allies and very strong.

Member: Al-Yasiri, “Trump is planning major changes in the Middle East region...the region's entering a new phase, Iraq will be at the forefront of these changes in terms of the security/ economic reality."

MZ: There are a lot of economic reforms they want to make before then as well. There is a mad dash in Iraq to be finished.

Member: most of the changes Iraq wants will take a rate change , correct?

Member: And yes it addresses the exchange rate of the Iraqi dinar as well..

MZ: And there is the collapsing of Iranian influence in Iraq which should help them push forward.

MZ: “It includes factions from three countries including Iraq: Shite crescent collapse puts Iraq left with options”  they are talking about the fall of the Iranian presence with the fall of Syria and Assad. Iran is tucking tail and going home…many also leaving Iraq.  

Member: ​​I think  the 140 ambassadors visiting Iraq this weekend is exciting

Member: and the best time to release rate changes is supposedly on Saturday nights when most banks are closed…

Member: We should rejoice with Iraqi people because they have gotten their freedoms/country back. The controls of other countries is dissolved.

Member: All we need is the re-value amount on the Dinar.

Member: Debt clock shows almost 3000 new millionaires since 12/12

Member: Rumor is Reno was given the green light

Member: Mark, You have been saying that you think the RV is imminent and will happen before Trump's inaugeration. But how can we get switched to the new Gold-backed USN before Trump is in office?

Member: Maybe the financial system crashes…then they have to do it

Member: I think we just might get awesome news by tomorrow!

Member: Hope everyone has a great weekend. Enjoy the Full Moon as it officially kicks off the season....

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 WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Youtube:       https://www.youtube.com/watch?v=SqxyF8WMOgc

The Most Insolvent Bank In The History Of The World Is. …..

The Most Insolvent Bank In The History Of The World Is. …..

Notes From the Field By James Hickman (Simon Black)  December 12, 2024

As the 1800s came to a close and the world propelled itself full of innovation and optimism into the 20th century, there was perhaps nowhere else on the planet more admired and envied (except for the United States) than Argentina.

In fact, just like America in the late 1800s and early 1900s, Argentina was overflowing with immigrants from all over the world looking for a better way of life in that land of opportunity.

Argentina had already become a rich country at that point. And it was becoming richer so quickly that its economic growth was outpacing even that of the United States.

By 1900 Argentina’s economy was larger than the rest of Latin America combined, and roughly as large as all of Western Europe combined. It seemed like there was nowhere to go but up.

Plus the country was teeming with natural resources— everything from fresh water to some of the world’s most fertile soil, to vast oil and gas reserves. Argentina should have been unstoppable.

(This is still true today; Argentina still boasts one of the largest shale reserves in the world, having quadrupled its output over the last five years.)

You’d have to work really, really hard to screw up such wealth potential. And they did!

For much of the 20th century, Argentina slid into severe economic decay, and it remained that way for decades, mostly due to corrupt, excessive, outrageously irresponsible government spending and idiotic central planning.

Hyperinflation took hold, the banking system collapsed, and the economy has been in an extended depression.

Yet when the new chainsaw-wielding President Javier Milei took over last year, he pledged to change everything. And so far the results are pretty hard to argue with.

Earlier this week, Milei announced that Argentina has just posted a budget surplus— its FIRST surplus since those golden years in the early 1900s.

It’s not an accident. Milei has eliminated entire government departments, fired ministers, and dramatically reduced the size and scope of government.

In his announcement, Milei didn’t hold back, calling his predecessor a “fiscal degenerate” for ballooning the national debt and running massive deficits. These deficits, of course, were essentially funded by Argentina’s central bank, which printed all the money and created inflation.

Milei said that, just last year, his predecessor printed so much money that it was equal to roughly 13% of Argentina’s GDP.

Well, if printing 13% of GDP qualifies as fiscal degeneracy, then the Federal Reserve in the United States is guilty of the same thing— TWICE.

The first instance was in 2009, during the global financial crisis. Under then Chairman Ben Bernanke, the Federal Reserve created trillions of dollars of new money, roughly equivalent to 15% of GDP, to bail out the big Wall Street banks.

The second instance was during the pandemic in 2020 and 2021, when the Fed printed roughly 14% of GDP.

This reckless money printing not only engineered historic inflation in the US, but it also has created enormous problems for the Federal Reserve itself.

The Fed is now wildly and hopelessly insolvent. And that’s not some wild conspiracy theory; it is a fact straight from its own financial statements.

Here’s how it happened:

Going back to 2008, and most significantly during the 2020-2021 pandemic, the Fed created trillions of dollars, then used that money to buy government bonds. They concurrently slashed interest rates to zero.

The net result was that the Fed is now holding trillions of dollars worth of bonds at the lowest yields in recorded history.

But then they suddenly reversed course in 2022, hiking rates rapidly from 0% to more than 5%.

Well, if there’s one thing to understand about bonds, it’s that higher rates cause bond prices to fall. So when the Fed raised rates, they simultaneously caused the value of their bond portfolio to plummet.

And “plummet” is being rather polite.

As it stands today, the Fed faces $818.4 billion in net unrealized losses from all the bonds that it purchased during the pandemic— far exceeding the mere $44 billion it has in equity capital.

Literally according to its own financial statements, the Federal Reserve is totally insolvent. In fact, at nearly $1 trillion, the Fed is the most insolvent bank in the history of the world.

Talk about fiscal degenerates.

Now, the Fed has only a few options:

One, ignore the problem. Continue to pretend that the insolvency of the largest and most systemically important central bank on the planet is no big deal.

Two, request a bailout: Go to the Treasury with hat in hand.

The problem is, the Treasury doesn’t have any money; in fact, the US government already overspends by $2 trillion per year and has to borrow most of that money from the Fed.

So a bailout would first require the Fed to print money, loan that money to the Treasury, and the Treasury then gives it back to the Fed. Talk about bizarre.

The third option is to cut interest rates. Lower rates mean that its bond portfolio will increase in value, thus reducing the Fed’s near trillion-dollar insolvency.

But cutting rates would only invite more inflation.

Inflation is already creeping back. Just yesterday, the latest report showed an increase in the inflation rate with signs it will rise further. Yet the Fed has all but promised to cut rates again next week.

What’s clear is that the Fed is abandoning its responsibility to rein in inflation and maintain a sound currency. Instead, it’s inflating its way out of insolvency.

The result? Every single person who uses US dollars will end up bailing out the Federal Reserve through higher inflation.

And this is why we continue to maintain that real assets— which are an excellent inflation hedge— make so much sense, especially given that so many high quality real asset producers are selling at laughably low valuations.

To your freedom,

James Hickman  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/the-most-insolvent-bank-in-the-history-of-the-world-is-151888/

PS: Just a reminder, this week we have opened up Total Access, our highest tier membership. We intentionally keep the membership closed for most of the year, to limit the group to a small, tight-knit community.

If you want to learn more about what Total Access offers, including the unparalleled camaraderie of fellow members, click here.

Seeds of Wisdom RV and Economic Updates Saturday Morning 12-14-24

Good Morning Dinar Recaps,

BRICS NEWS: CALLS TO MOVE AWAY FROM THE US DOLLAR IS GROWING

A handful of developing countries are inspired by the BRICS alliance to ditch the US dollar for cross-border transactions. Emerging economies are taking cues from the bloc to de-dollarize their economies and make local currencies the sole beneficiary for payments. The calls to cut ties with the US dollar are growing and the White House is unable to clamp it down.

BRICS members China, Russia, and Iran are advancing the de-dollarization initiative by pushing local currencies ahead for trade. The move is adding pressure on the greenback’s prospects as it could lose out on the demand and supply dynamics. They are also diversifying their central bank reserves by adding gold and other currencies and commodities.

 
BRICS Advancing To End US Dollar’s Supremacy

The central banks of BRICS and other developing countries are diversifying their reserves giving the US dollar a run for their money. “By diversifying their holdings reserves into a more multi-currency sort of portfolio. Perhaps they can reduce that pressure on their external sectors,” said Cedric Chehab from Fitch Solutions to CNBC.

As BRICS member China’s influence is growing, it is also setting the stage for the de-dollarization agenda to grow rapidly. “As China’s economic might continues to rise, that means that it’ll exert more influence in global financial institutions and trade,” he said. Another benefit for countries moving away from the US dollar as the middleman in bilateral trade

BRICS countries could benefit if they trade in local currencies as it’ll help them move up the value chain. Trading in local currencies “allows exporters and importers to balance risks, have more options to invest, to have more certainty about the revenues and sales,” said former Brazilian ambassador to China, Marcos Caramuru.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

JAPAN’S LAWMAKER PROPOSES NATIONAL BITCOIN RESERVE

▪️Japanese lawmaker proposes a national Bitcoin reserve.

▪️States can effortlessly create reserves for Bitcoin.

▪️MicroStrategy holds a significant portion of the BTC supply.

Name similarity becomes intriguing in this development. Recently, a Japanese lawmaker presented a new proposal. As you may recall, several months ago, statements emerged from the Trump camp, led by Lummis, advocating for the U.S. government to establish a Bitcoin reserve. This proposal even evolved into a legislative bill.

Satoshi and the Bitcoin Reserve Idea

Trump appointed someone to organize cryptocurrency efforts at the White House before taking office in January. This individual will also work to realize the Bitcoin reserve concept. Today, Japanese parliament member Satoshi Hamada has taken steps to create a national Bitcoin reserve.

Satoshi Hamada, sharing a name with Satoshi Nakamoto, believes that his country should establish its strategic Bitcoin reserve before the U.S. implements this idea. Recently, Russian President Putin mentioned that Bitcoin would not be obstructed.

National Bitcoin Reserve

States can easily create reserves for Bitcoin and other cryptocurrencies with minimal effort. The fact that even Federal Reserve members, including the President, view Bitcoin as an “asset competing with gold” explains our current situation well. Governments already possess vast gold reserves and can similarly create reserves for Bitcoin, often referred to as “digital gold.”

MicroStrategy, MARA, RIOT, BlackRock, and thousands of companies have begun to hold BTC in their reserves. The world’s largest asset manager, BlackRock, has thousands of ETF customers indirectly holding BTC through its IBIT BTC ETF product.

Every week, we read news about institutions purchasing billions of dollars in BTC. Many companies are adding Bitcoin to their reserves to improve stock performance and increase share prices, with MicroStrategy being the most advanced player in this regard. It has grown significantly, with a strong likelihood of being added to the NASDAQ100 in March.

MSTR alone holds approximately 2% of the BTC supply. The total BTC held by ETF issuers, governments, private and public companies, BTC miners, and DeFi platforms is valued at $292 billion, representing 13.81% of the BTC supply.

@ Newshounds News™

Source:  Coin-Turk

~~~~~~~~~

CONSTITUTION CALL AUDIO 12 13 2024  |  Youtube

Did you miss the call last night?  You can listen to the call at our Youtube Channel at the link above.

Ask questions in The Constitution Intel history and more Room Link

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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Ariel: Are we to Expect Major Announcements from Iraq?

Ariel: Are we to Expect Major Announcements from Iraq?

12-13-2024

Iraqi News Update

Are We To Expect Major Announcements?

Governor Ali-Alak of the CBI came out some weeks ago and stated that there is an international anticipation to celebrate an occasion regarding their monetary reform policy.

As he has also recently said that opening channels in foreign and Arab currencies achieves stability in the exchange rate and gradually eliminates the black market.

Which can only mean that since they have completed 100% of their financial obligations which was a requirement in order to move to this next phase it should not be surprising of the special meeting over the weekend involved powerful organizations.

UNICEF
UNESCO
World Bank
Etc.

And ofcourse 140 deputy ambassadors arriving in Basra. The presence of international bodies like the World Bank, as well as ambassadors, indicates the event’s importance. These organizations wouldn’t typically attend unless the event had substantial international implications, such as Iraq positioning itself as an attractive investment destination or announcing reforms that could impact global markets.

The mention of showcasing Iraq to investors could point to Iraq demonstrating progress in economic reforms, infrastructure development, and stability. This might include the following.

• Transparency measures to attract foreign direct investment.

• Policy changes to make Iraq a more competitive market.

• Highlighting sectors like oil, tourism, and agriculture for potential investors.

Listen, If Iraq plans to release a new exchange rate for the Iraqi Dinar, this event could be the stage for such an announcement. A revaluation of the dinar would attract foreign investors who have been waiting for a more stable and globally recognized currency. Do you think we are finally at the doorstep? Because it definitely appears that way in many regards.

Basra is Iraq’s economic capital, especially as it relates to oil exports. Hosting this event there could symbolize Iraq leveraging its oil wealth as a foundation for broader economic growth and reforms. Basra’s position as a gateway to the Gulf enhances its significance as a center for trade, investment, and international collaboration.

I do not know of any other time that would be more appropriate than what is to happen over the weekend. If Iraq intends to release a new exchange rate, the timing of this event suggests it could be coordinated with international acknowledgment and celebration to gain credibility and market trust. The timing right now is just to significant.

The international participation underscores the global interest in Iraq’s progress, and the showcase for investors suggests a move toward transparency and competitiveness.

Watching how this unfolds could provide clarity on Iraq’s economic trajectory and its impact on global markets. Let’s see what they have for us.

Source(s):
https://x.com/Prolotario1/status/1867686620931268628

https://dinarchronicles.com/2024/12/13/ariel-prolotario1-are-we-to-expect-major-announcements-from-iraq/

“Tidbits From TNT” Saturday Morning 12-14-2024

TNT:

Tishwash:  Central Bank Governor: Opening external channels with foreign currencies eliminates the black market

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 link

Tishwash:  An "unannounced" visit and a surprise landing in Baghdad.. Blinken to Al-Sudani: We are committed to supporting Iraq

US Secretary of State Antony Blinken made an unannounced visit to Iraq on Friday, during which he met with Prime Minister Mohammed Shia al-Sudani and held talks with him about the future of Syria.

According to Reuters, Blinken is

Reuters quoted the US State Department as saying that "Blinken stressed from Baghdad the US commitment to the US-Iraqi strategic partnership and to Iraq's security, stability and sovereignty."

She added that the Secretary also discussed regional security opportunities and challenges, as well as continued U.S. support for engagement with all communities in Syria to create a comprehensive transition.

According to Reuters, Blinken's visit was not announced until after he met with Al-Sudani on Friday afternoon.

Meanwhile, the Iraqi Prime Minister's media office confirmed that Al-Sudani and Blinken discussed bilateral relations between the two countries, ways to enhance joint cooperation, as well as discussing the situation in the region, developments in the current events in Syria, and the regional and international efforts required to enhance security in Syria and the stability of the entire region.

Al-Sudani renewed, according to a statement received by Shafaq News Agency, support for Syria in this important stage, and the importance of friendly countries helping the Syrians rebuild their country and confront the challenges that may affect civil peace in it, stressing the necessity of representing all components of the Syrian people in the administration of the country to ensure enhancing its stability. He also stressed that Iraq is waiting for actions, not words, from those in charge of managing the transitional phase in Syria.

The Iraqi Prime Minister stressed the need not to allow any aggression on Syrian territory, from any party, because this represents a threat to security and stability in the region.

For his part, the US Secretary of State stressed, according to the Iraqi statement, Washington and Baghdad's agreement on the necessity of respecting the choices of the Syrian people, and working to form a comprehensive government that reflects the will of the Syrian people and the diversity of its components.

Blinken referred to the pivotal role of Iraq, and stressed that it represents a key partner in the region, and the importance of consulting with it on the current developments witnessed in the region, and that the members of the international coalition are committed to the security, sovereignty and stability of Iraq  link

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

Tishwash:  After the events in Syria... Will Iraq witness a new economic phase?

Iraq is suffering from major economic challenges due to political and military crises in some surrounding countries, but the impact of these crises on the Iraqi economy is still somewhat limited, while observers expect that there will be an expected economic change in Iraq, but it will be within a period of difficult and difficult labor in light of the harsh political crises that are sweeping the new Middle East.

In this regard, economic expert Ahmed Fouad told Iraq Observer that “Iraq enjoys stable financial flows and strong international trade relations,” indicating that “the tensions in Syria, including the recent events and the fall of Bashar al-Assad’s regime, will not fundamentally affect the Iraqi economy, which relies on central economic policies and strong oil revenues.”

He added, "The economic change that will occur in Iraq will be a reflection of the confusing political situation in the region, especially after the recent events in Syria."

Fouad expressed his hope that “there will be a positive economic change that creates an equal and just economic system based on capitalism and a free economy.”

The economic expert called for “the need to work on directing this change in a correct and fair manner that guarantees integrity and success for the Iraqi economy and state. The Iraqi government must also develop an effective emergency plan to ensure the continued supply of basic commodities to the market, such as food and supplies. Despite the concerns that some may raise about importing goods from neighboring countries, Iraq has the ability to compensate for any shortage in materials through other markets such as Turkey, Iran, and the Gulf states.”

He added that "the Iraqi economy is immune to regional tensions, noting that central economic policies and stable oil revenues give Iraq great ability to confront any fluctuations."

Regarding the future of the Iraqi economy if wars continue in the region, the economic expert stressed that “the effects of the current crises on the Iraqi economy remain relative, noting that their impact on the movement of internal and external trade will be limited if the situation is dealt with cautiously and a flexible economic policy is followed. He added that the political crisis in some neighboring countries may give Iraq an opportunity to increase its imports from other countries and open new markets.”  link

Mot: .......... tip  

Mot: What’s in the tree? 

FRANK26….12-13-24……AKI…..CALLS ….TOMORROW

KTFA

Friday Night Conference Call

FRANK26….12-13-24……AKI…..CALLS ….TOMORROW

This video is in Frank’s and his team’s opinion only

Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.  

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

https://www.youtube.com/watch?v=dgmWlskf2f0

‘Debasement Trade’: Why Gold Is Surging & Fiat Is Failing, How to Exit the System | Jeremy Cordon

‘Debasement Trade’: Why Gold Is Surging & Fiat Is Failing, How to Exit the System | Jeremy Cordon

Kitco News:  12-13-2024

Gold surged to $2,700 an ounce in 2024, driven by persistent inflation, geopolitical risks, and widespread dollar debasement.

Central banks ramped up gold purchases, and investors sought alternatives to fiat currencies amid global economic uncertainty.

 Jeremy Cordon, CEO of Goldback, explained how this growing distrust in traditional monetary systems has fueled the adoption of spendable gold.

Goldbacks, a currency made from real gold in small denominations, have surpassed $200 million in circulation, offering a practical, inflation-proof alternative to cash.

Cordon highlighted how Goldbacks are reshaping the way people use gold, enabling direct transactions without the need to convert back into dollars. With advanced technology to prevent counterfeiting and a growing network of small businesses accepting them, Goldbacks are providing a unique bridge between traditional gold investment and everyday commerce.

As the world moves toward de-dollarization, with institutions and countries diversifying reserves into gold, Cordon discussed the macroeconomic trends that will continue to drive demand for hard assets in 2025 and beyond.

00:00 Introduction

01:22 Public Awareness and Inflation

03:42 Ray Dalio and Geopolitical Trends

04:38 Gold's Long-Term Trend and Saving Strategies

 05:58 Introduction to Goldback

07:20 Goldback's Popularity and Practical Use

25:22 Goldback's Technology and Security

27:21 Customer Feedback and Future Plans

 30:35 Conclusion

https://www.youtube.com/watch?v=hxOlWyV_5jc