MilitiaMan: Completing Steps for Activation of Reforms-World Bank Financing-Oil Pipeline Iraq-Salaries-Tuesday?
Completing Steps for Activation of Reforms-World Bank Financing-Oil Pipeline Iraq-Salaries-Tuesday?
MilitiaMan and Crew: 12-15-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Completing Steps for Activation of Reforms-World Bank Financing-Oil Pipeline Iraq-Salaries-Tuesday?
MilitiaMan and Crew: 12-15-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
More News, Rumors and Opinions Sunday PM 12-15-2024
KTFA:
Clare: Interior Ministry: Tomorrow, the opening of the electronic passport systems in the American cities of Los Angeles and Detroit
12/15/2024 Baghdad /
The Directorate of Civil Status, Passports and Residence issued a notice today, Sunday, regarding the opening of the electronic passport system outside Iraq.
A statement by the Directorate stated, "The Directorate of Civil Status, Passports and Residence would like to inform citizens regarding the campaign to open the electronic passport system outside the country to be available to Iraqis residing abroad."KTFA:
Clare: Interior Ministry: Tomorrow, the opening of the electronic passport systems in the American cities of Los Angeles and Detroit
12/15/2024 Baghdad /
The Directorate of Civil Status, Passports and Residence issued a notice today, Sunday, regarding the opening of the electronic passport system outside Iraq.
A statement by the Directorate stated, "The Directorate of Civil Status, Passports and Residence would like to inform citizens regarding the campaign to open the electronic passport system outside the country to be available to Iraqis residing abroad."
KTFA:
Clare: Interior Ministry: Tomorrow, the opening of the electronic passport systems in the American cities of Los Angeles and Detroit
12/15/2024 Baghdad /
The Directorate of Civil Status, Passports and Residence issued a notice today, Sunday, regarding the opening of the electronic passport system outside Iraq.
A statement by the Directorate stated, "The Directorate of Civil Status, Passports and Residence would like to inform citizens regarding the campaign to open the electronic passport system outside the country to be available to Iraqis residing abroad."
The statement added, "Tomorrow, corresponding to 12/16/2024, is the date for the opening of the electronic passport systems in the cities of Los Angeles and Detroit in the United States of America, in coordination with the Ministry of Foreign Affairs." LINK
Clare: Minister of Electricity sponsors signing of contract to build 3 transformer stations in southern Iraq with international funding
12/15/2024
In Sunday, the Minister of Electricity, Ziyad Ali Fadhil, sponsored the signing ceremony of a contract to establish three secondary electricity conversion stations in Basra Governorate, with a capacity of 3×90 MVA and a voltage of 132/33 kV, funded by the World Bank.
According to a statement issued by the ministry, and received by Shafaq News Agency, the project will be implemented by a coalition of the Turkish companies (BEST and BETAS), while the German company Antik Cuba will supervise the consultancy of the project, which is scheduled to be completed within 18 months.
The three stations are distributed over vital areas in Basra. Al-Qibla station will be established in the governorate center to serve areas with high population density, Al-Ghadeer station in Al-Ghadeer neighborhood to meet the needs of residents and service projects, while Al-Faiha station in Shatt Al-Arab district will serve residential areas and service projects.
During the signing ceremony, the Minister stressed the importance of this strategic project, noting that the new stations will contribute to increasing the hours of electricity supply, resolving bottlenecks in the electricity grid, in addition to providing reliable power sources and achieving stability in the electricity system in the governorate.
It is noteworthy that this project comes within the Ministry of Electricity’s plans to develop the infrastructure of the electricity grid and improve the electricity service for citizens throughout Iraq. LINK
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV talks about 140 ambassadors from around the world and the IMF and the World Bank are arriving is Basra. They're saying for a historic event. That's where the ports are with the development project. They're saying to us this will link Iraq with international world...All these people are coming for a three day event...
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani gave a big speech and he talked about how very very serious his government is about increasing the citizens' purchasing power. He said Iraq has reached a historical time for financial increase. He talked about how stable we are. FRANK: Now that he has told you again for the 9th time, allow me to say this to you...Start your countdown!
************
MARKETS A LOOK AHEAD: "Nothing Unusual Is Happening." IMPORTANT UPDATES!
Greg Mannarino: 12-15-2024
MASSIVE BANKING CRISIS: $1.5 TRILLION Commercial Real Estate Debt DUE 2025
Taylor Kenny: 12-15-2024
The rise in vacant office buildings is more than just an eyesore—it’s a ticking time bomb threatening the U.S. economy. With commercial real estate delinquencies at record highs and over $1 trillion in loans coming due by 2025, small and regional banks are dangerously exposed.
In this video, we uncover how this crisis mirrors 2008, how it could lead to widespread bank failures, and what you can do to protect yourself.
CHAPTERS:
00:00 Introduction: Empty Office Buildings—A Hidden Crisis
00:25 Commercial Real Estate Delinquencies Surge
00:55 Breaking Down the Ripple Effects
01:10 How Big Banks Created the Problem
02:12 Historic Vacancy Levels: Landlords Defaulting
02:47 The Banks Holding the Risk
03:33 Why This Crisis Mirrors 2008
04:10 The Domino Effect: 4 Key Risks to Watch
06:05 “Survive Until 2025”: A Doomed Strategy
06:43 Escalating Delinquencies: The Fastest Spike in History
07:26 How Bank Failures Could Ripple Through the Economy
08:00 Why You Can’t Count on the Fed to Save You
Iraq Economic News and Points to Ponder Sunday Afternoon 12-14-24
The Central Bank And The Securities Commission Sign A Joint Memorandum Of Understanding To Enhance Cooperation
Economy | 12/15/2024 Mawazine News – Baghdad The Securities Commission announced today, Sunday, the signing of a joint memorandum of understanding with the Central Bank to enhance cooperation.
The Deputy Chairman of the Securities Commission, Nagham Hussein Ismail, told the official agency: "Based on the joint cooperation between government institutions, and in view of the desire of the Securities Commission and the Central Bank of Iraq to create a joint cooperative framework for both parties that contributes to achieving the goals of sustainable development in the banking sector, a memorandum of understanding was signed between the two parties."
The Central Bank And The Securities Commission Sign A Joint Memorandum Of Understanding To Enhance Cooperation
Economy | 12/15/2024 Mawazine News – Baghdad The Securities Commission announced today, Sunday, the signing of a joint memorandum of understanding with the Central Bank to enhance cooperation.
The Deputy Chairman of the Securities Commission, Nagham Hussein Ismail, told the official agency: "Based on the joint cooperation between government institutions, and in view of the desire of the Securities Commission and the Central Bank of Iraq to create a joint cooperative framework for both parties that contributes to achieving the goals of sustainable development in the banking sector, a memorandum of understanding was signed between the two parties."
She added that "signing the agreement came to enhance cooperation between the two parties in the field of information related to shareholders, and to benefit from the electronic window for the shareholders system approved by the Iraq Stock Exchange." / End H https://www.mawazin.net/Details.aspx?jimare=257487
Al-Sudani Discusses With Al-Hassan Plans For Economic Reform And Fighting Corruption In Iraq
Politics | 12/15/2024 Mawazine News – Baghdad Prime Minister Mohammed Shia Al-Sudani discussed, today, Sunday, with the Special Representative of the Secretary-General of the United Nations, Mohammed Al-Hassan, plans for economic reform and combating corruption in Iraq.
A statement from his media office received by Mawazine News stated that "Al-Sudani received the Special Representative of the Secretary-General of the United Nations in Iraq, Mohammed Al-Hassan, to review the relations and joint programs between Iraq and the international organization, and to discuss the latest developments in the situation in Syria.
He added that "the meeting discussed the government's efforts to complete economic reform plans, combat corruption and other sectors according to the government program, and the government's positions that enhance stability and development in Iraq."
In another context, the two sides discussed the latest developments in the region, and in Syria in particular, where Al-Sudani stressed "Iraq's support for the unity of Syrian lands, preserving civil peace, minority rights, social, cultural and ethnic diversity, non-interference in internal affairs, and helping the Syrians overcome this difficult stage." For his
part, Al-Hassan praised "the government's steps in the areas of reform, and the strides it has made in the fields of development, in addition to the clear position on the events in Syria, and the readiness to help the Syrian people, and provide relief to the Lebanese and Palestinian peoples." https://www.mawazin.net/Details.aspx?jimare=257497
Dollar Stabilizes In Baghdad, Declines In Erbil As Stock Exchange Closes
Economy | 12/15/2024 Mawazine News – Baghdad The US dollar exchange rate stabilized against the Iraqi dinar in Baghdad markets on Sunday, while it declined slightly in Erbil, the capital of the Kurdistan Region, with the closing of the stock exchange.
The dollar exchange rate stabilized with the closing of the two main stock exchanges in Baghdad, Al-Kifah and Al-Harithiya, recording 150,800 dinars per 100 dollars, the same price it recorded this morning.
The selling prices stabilized in exchange shops in local markets in Baghdad, where the selling price reached 152,000 dinars per 100 dollars, while the purchase price reached 150,000 dinars per 100 dollars.
In Erbil, the dollar recorded a slight decline, where the selling price reached 150,200 dinars per 100 dollars, and the purchase price reached 150,100 dinars per 100 dollars. ttps://www.mawazin.net/Details.aspx?jimare=257495
Oil Prices Hit 3-Week High
Sunday 15 December 2024 09:18 | EconomicNumber of readings: 173 Baghdad / NINA / Brent crude oil prices rose last week to their highest level since November 22, up 5% on a weekly basis. West Texas Intermediate crude rose 6% on a weekly basis and achieved their highest levels since November 7.
During trading last Friday, Brent crude futures rose by $1.08, or 1.5%, to $74.49 per barrel at settlement, and US West Texas Intermediate crude futures rose by $1.27, or 1.8%, to $71.29.
Analysts at consulting firm Ritter Bush & Associates said that what drove this rise were expectations of tightening sanctions on Russia and Iran, more supportive Chinese economic guidance, political unrest in the Middle East, and speculation of a US interest rate cut next week. https://ninanews.com/Website/News/Details?key=1174699
‘;KAdvisor to the Prime Minister for Investment Affairs, Executive Director of the Iraq Development Fund, Mohammed Al-Najjar
Money and business Economy News – Baghdad The Iraq Development Fund confirmed on Sunday that the government pays great attention to developing the health sector, while pointing to the launch of 3 investment opportunities in the medical field, and seeking to develop it with the participation of the private sector.
The Director of the Iraq Development Fund and Advisor to the Prime Minister for Investment Affairs, Mohammed Al-Najjar, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the government pays great attention to the health sector, given the urgent need to develop it and improve its services."
Al-Najjar explained that "the Iraq Development Fund is working to invest with the private sector to develop this vital sector," noting that "three investment opportunities have been launched to establish three investment companies in the medical field, where the fund participates as a partner with 20% of the capital, with the aim of stimulating and attracting foreign and local investors to expand the volume of investments in this field."
He added that "current investments depend largely on Iraqi individual capabilities, and we seek to expand them by establishing companies that will work in the required medical specialties, with the aim of reducing reliance on treatment outside Iraq."
He stressed that "these companies seek to provide medical services similar to those provided abroad, in cooperation with the private sector, in order to meet the needs of citizens and provide an advanced treatment environment within the country."
Views 26 12/15/2024 - https://economy-news.net/content.php?id=50917
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Sunday Afternoon 12-15-24
Good Afternoon Dinar Recaps,
ATKINS AND SACKS: PIONEERS OF CRYPTO REGULATION?
Following Gary Gensler’s resignation, Paul Atkins was nominated to take over as the new Chairman of the SEC—the approval of which would mark his return to the Commission after a 17-year hiatus and could mark a drastic change for the crypto industry and digital assets.
Good Afternoon Dinar Recaps,
ATKINS AND SACKS: PIONEERS OF CRYPTO REGULATION?
Following Gary Gensler’s resignation, Paul Atkins was nominated to take over as the new Chairman of the SEC—the approval of which would mark his return to the Commission after a 17-year hiatus and could mark a drastic change for the crypto industry and digital assets.
Paul Atkins Returns: A New SEC
A current Chief Executive at Patomak Global Partners, Atkins is a veteran of the financial world. Atkins started his career as an attorney on Wall Street in the 1980s before eventually earning the title of SEC Commissioner in the early 2000s. Beginning his career in the financial wild west, and spending his tenure at the SEC in the wake of the dotcom bubble, Atkins has considerable experience in novel financial markets.
As head of a consulting firm that advises emerging fintech companies on the regulatory environment, Atkins has sensibly become involved in the crypto industry. Notably, in the Spring of 2020, Atkins joined the board of advisors for the Chamber of Digital Commerce, the world’s first and largest blockchain trade association. Prior to joining the Chamber’s board, Atkins served as co-chair of the Chamber’s Token Alliance, where he “focused on token issuances, trading platforms, and other areas under the SEC’s purview.”
Atkins has also served on the advisory board of Securitize, a company that works on tokenizing securities with Blackrock and $Ondo. Ondo Global Markets, which is set to launch early next year, plans to offer tokenized stocks and bonds on-chain. As Chairman of the SEC, Atkins would be able to open the door to tokenization companies that are looking to bring transparency and efficiency to traditional financial markets.
A firm believer in free markets, Atkins has notoriously criticized the Dodd-Frank legislation that came in the wake of the financial crisis as overly-burdensome on the banking industry. Given Atkins’ previous support of SEC Commissioner Hester Pierce’s crypto safe harbor proposal, it appears he will bring the same view to the crypto industry as Chairman.
This is evident by Atkins’ public advocacy for an SEC approach that enables new markets such as crypto to flourish in a healthy environment. For example, while at the Chamber of Digital Commerce, Atkins has been a longtime champion for bringing about regulatory clarity for token projects.
Criticizing the Howey test as “quite old” and questioning “whether or not it’s still current,” Atkins suggested the Supreme Court could use the Ripple case to reexamine Howey’s “coherence in the current environment and whether it needs to be tweaked.”
Atkins has also previously indicated that the then-incoming SEC chair—Gary Gensler—could withdraw the agency’s lawsuit against Ripple. While that failed to happen under Gensler, Atkins’ comment raises an interesting possibility for the future of the SEC’s case with him now at the helm.
Paul Atkins’ nomination as Chairman of the SEC ushers in a wave of optimism for the crypto industry, potentially signaling an end to its unnecessary battle with the Commission. With his broad experience navigating both traditional and emerging markets from both the public and private sectors, Atkins is uniquely positioned to bridge the gap between legacy financial systems and the rapidly evolving blockchain and tokenization ecosystems by providing a clear regulatory environment.
The New Czar: David Sacks’ Mission to Jumpstart Crypto and AI
Another win for the crypto community was scored with the appointment of David Sacks as the United States’ first Crypto and AI Czar. Making his name as an early PayPal executive, Sacks has since developed his own successful venture capital firm, Craft Ventures.
A believer in revolutionizing the payments system, Sacks did not stray far from the space. Since leaving PayPal, Sacks has invested significantly in cryptocurrencies like bitcoin and Solana, while also helping fund crypto companies such as Lightning Labs, BitGo, and Bitwise.
Sacks has been a longtime proponent of digital assets, explaining in 2017 that cryptocurrencies are fulfilling PayPal’s “original vision” of creating a “database of money.” In the runup to the recent election, Sacks highlighted “[w]hat the crypto industry has been asking for more than anything else is a clear legal framework to operate under,” and suggested that a Trump victory would provide that.
Now, the president-elect has given Sacks the opportunity to make that a reality. According to Trump’s announcement, Sacks’ primary role as Crypto and AI Czar will be “to work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the US.”
Sacks has been a critic of the SEC’s unpredictable approach to regulation by enforcement and advocates for delineating a clear line between SEC and CFTC jurisdiction.
On his All-In podcast, Sacks supported the Financial Innovation and Technology for the 21st Century Act, which would have classified digital assets running on decentralized blockchains as commodities subject to the CFTC’s jurisdiction.
Despite ultimately failing in the Senate, Sacks is hopeful some variation of the bill will pass in a now-united Congress. In addition to Sacks, some Courts have also taken umbrage with the SEC’s positions relating to the digital asset space.
Given the novelty of the Crypto and AI Czar position, it is unclear how much of a role Sacks will be able to play in the formal decision-making process. Regardless, the Silicon Valley financier will be able to act as a knowledgeable liaison between the President and the regulatory agencies and guide policy discussions toward establishing a healthy framework for crypto.
The Future, In America
Together, Atkins and Sacks bring a breadth of experience and a forward-thinking approach to navigating the complexities of emerging technologies. From Atkins advising Wall Street in the original Wild West of finance, to Sacks’ membership in the “PayPal Mafia,” these two have a unique understanding of revolutionary finance.
Atkins and Sacks’ nominations mark a pivotal moment for cryptocurrency and suggest a brighter regulatory future ahead. Pioneers in both the AI and crypto industries—from Sam Altman to Brian Armstrong (see also)—have congratulated the two on their nominations and shown their enthusiasm to begin building in a friendly environment. Commissioner Pierce expressed her “delight[]” to work with Atkins again “to advance free markets, capital formation, investor choice, and innovation.”
It is currently unknown how Atkins’ nomination will change the enforcement priorities of the SEC for 2025. As attorneys operating exclusively in the digital asset space, we are optimistic about the regulatory environment taking shape under the leadership of Paul Atkins and David Sacks.
With Atkins’ commitment to regulatory clarity and free markets and Sacks’ entrepreneurial vision for crypto and AI, this duo has the potential to return the United States to its position as a leader in financial innovation.
@ Newshounds News™
Source: Bitcoin News
~~~~~~~~~
WHAT BANKS ARE HIDING FROM YOU! | Youtube
On ChokePoint 2.0 and Debanking
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound's Podcast Link
Newshound's News Telegram Room Link
Q & A Classroom Link
Follow the Roadmap
Follow the Timeline
Seeds of Wisdom Team™ Website
Subscribe to Seeds of Wisdom Team™ Newsletter
Thank you Dinar Recaps
MilitiaMan & Crew-Iraq Dinar News-CBI Eliminate Black Market-Investment Climate Strong-Basra Meeting Ambassadors
MilitiaMan & Crew-Iraq Dinar News-CBI Eliminate Black Market-Investment Climate Strong-Basra Meeting Ambassadors
12-14-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
MilitiaMan & Crew-Iraq Dinar News-CBI Eliminate Black Market-Investment Climate Strong-Basra Meeting Ambassadors
12-14-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
BRICS Vows to Leave IMF and Western Financial System
BRICS Vows to Leave IMF and Western Financial System
Fastepo: 12-14-2024
The global financial landscape is undergoing seismic shifts as BRICS nations—Brazil, Russia, India, China, and South Africa—declare their intention to distance themselves from the International Monetary Fund (IMF) and the broader Western financial system dominated by the United States.
This pivotal moment poses critical questions about the future of the US dollar, global economic governance, and international trade relationships.
Formed as a coalition of emerging economies, BRICS has historically sought to promote alternative models of development that reject Western hegemony. Over the years, these nations have expanded their influence in global affairs, presenting themselves as a counterbalance to the West.
BRICS Vows to Leave IMF and Western Financial System
Fastepo: 12-14-2024
The global financial landscape is undergoing seismic shifts as BRICS nations—Brazil, Russia, India, China, and South Africa—declare their intention to distance themselves from the International Monetary Fund (IMF) and the broader Western financial system dominated by the United States.
This pivotal moment poses critical questions about the future of the US dollar, global economic governance, and international trade relationships.
Formed as a coalition of emerging economies, BRICS has historically sought to promote alternative models of development that reject Western hegemony. Over the years, these nations have expanded their influence in global affairs, presenting themselves as a counterbalance to the West.
The recent call to exit the IMF and dismantle reliance on Western financial institutions signals a significant escalation in this long-standing challenge.
The dollar has long been the world’s primary reserve currency, underpinning international trade and finance. However, as BRICS members seek to develop their own currency mechanisms, the dominance of the dollar could be at risk. Prior initiatives promoted by BRICS to encourage trade in local currencies may gain traction, leading to a shift in global financial practices.
The BRICS’ vow to exit the IMF and the Western financial system marks an important chapter in the ongoing saga of global economic governance.
As these emerging powers push for a new economic order that elevates their interests, they raise fundamental questions about the future of the US dollar and the structure of global finance. While the path ahead is fraught with challenges, the intention alone signals a shift that could have far-reaching implications for the balance of power in the 21st century.
As countries navigate this complex terrain, observers will undoubtedly watch closely to see how these aspirations transform into reality, and what it means for the global economy at large.
Watch the video below for more information.
Seeds of Wisdom RV and Economic Updates Sunday Morning 12-15-24
Good Morning Dinar Recaps,
Why Hong Kong has grown into a crypto hub — CEO of WOW Summit
"Hong Kong’s ‘one country, two systems’ framework lets it explore digital asset innovation more freely," Ivan Ivanov told Cointelegraph.
Hong Kong has rapidly become a cryptocurrency hub, positioning itself as a center for financial innovation alongside the United Arab Emirates (UAE) and Singapore. Ivan Ivanov, global CEO of WOW Summit, said this innovation was fostered by a mixture of strong regulatory policy and Hong Kong’s status as a special economic region.
Good Morning Dinar Recaps,
Why Hong Kong has grown into a crypto hub — CEO of WOW Summit
"Hong Kong’s ‘one country, two systems’ framework lets it explore digital asset innovation more freely," Ivan Ivanov told Cointelegraph.
Hong Kong has rapidly become a cryptocurrency hub, positioning itself as a center for financial innovation alongside the United Arab Emirates (UAE) and Singapore. Ivan Ivanov, global CEO of WOW Summit, said this innovation was fostered by a mixture of strong regulatory policy and Hong Kong’s status as a special economic region.
Ivanov told Cointelegraph that Hong Kong’s special relationship with mainland China and robust regulation allow Hong Kong to be a sandbox for financial and technical innovation, which benefits startups, nascent technologies, and institutional investors. Ivanov wrote:
"You get the excitement and potential of crypto, but with the stability and security of a well-established financial system. With Hong Kong's strong connections to the global market, especially Mainland China, it's a really unique and promising place for crypto."
The WOW Summit CEO added that Hong Kong’s stablecoin policy, which requires issuers of stablecoins to acquire licenses and keep their fiat reserves in local Hong Kong banks, promotes trust and transparency in the nascent asset sector.
Hong Kong’s recent crypto developments
Hong Kong’s robust regulatory regime creates an attractive climate for investors who want to experience the upside of cutting-edge technology in finance without fear of losing funds in risky ventures with no legal recourse.
In October 2024, The Hong Kong Financial Services and Treasury Bureau (FSTB) laid out ground rules for AI in finance to mitigate the risks of AI while still fostering integration into existing systems.
The Hong Kong Monetary Authority (HKMA) also announced Project Ensemble in October 2024. The initiative between the HKMA, the Central Bank of Brazil, and the Bank of Thailand explored cross-border tokenized settlements between the three countries.
Hong Kong’s Cyberport Web3 network — a state-run business hub promoting digital asset innovation — now features over 270 blockchain firms. The Cyberport network added more than 120 firms in the past 17 months alone.
In November 2024, ZA Bank, Hong Kong’s largest digital bank, launched retail crypto trading for its clients. The government of Hong Kong also proposed exempting institutional investors from capital gains on their crypto holdings to encourage investment.
https://cointelegraph.com/news/why-hong-kong-become-crypto-hub-ceo-wow-summit
@ Newshounds News™
Source: CoinTelegraph
~~~~~~~~~
BRICS: Trump Tariff Threat Has China Eyeing Key Move to Ditch US Dollar
Amid growing tension between the BRICS economic alliance and the US, Donald Trump’s impending tariff threat has China considering what would be a major move to ditch the US dollar. Shortly after his victory, the United States President-elect warned he would impose 100% tariffs on countries looking to abandon the greenback.
The move is looked at as a key defense from Trump to protect the global status of the currency. However, the BRICS alliance has not been shy about its goal to diversify global finance. Specifically, it has been seeking to promote local currencies over the dollar for much of the last two years.
China Presents Answer to Trump Tariff Threat; It’s Bad News for the US Dollar
Since 2022, the BRICS bloc has firmly embraced de-dollarization efforts. After Western sanctions were imposed on Russia following its invasion of Ukraine, the alliance sought new ways to lessen its reliance on the currency. Since then, talks of trade settlement assets and payment systems have abounded.
Yet the United States, with a new regime impending, has sought to put an end to that. But that hasn’t stopped the bloc from defending itself. Indeed, amid the BRICS and US face-off, Donald Trump’s 100% tariff threat has been answered, with China eyeing a key move to ditch the US dollar.
A new report has called for China to anchor the yuan to non-US dollar currencies. Specifically, a Beijing-based think tank urged policymakers to explore a basket of currencies for the exchange rate of the yuan. The move would create more flexibility in terms of domestic monetary policy and would seek a boost in demand.
The China Finance 40 Forum group that proposed the idea is comprised of senior Chinese regulator officials and finance experts. Moreover, it was devised as a clear answer to the ongoing worry Donald Trump presents.
“Given the stronger dollar and tariff threats posed by Donald Trump’s re-election, intensified external uncertainties could limit the space for domestic monetary policies aimed at maintaining internal and external balance,” the group said. Therefore, finding a new anchor for the currency would “counter the pressures.”
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
DISCOVER THE GCR RV: TIPS FOR STAYING PRODUCTIVE IN 2024! | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound's Podcast Link
Newshound's News Telegram Room Link
Q & A Classroom Link
Follow the Roadmap
Follow the Timeline
Seeds of Wisdom Team™ Website
Subscribe to Seeds of Wisdom Team™ Newsletter
Thank you Dinar Recaps
Think You're Safe? Identity Theft Could Wipe Out Your Entire Life’s Savings
Think You're Safe? Identity Theft Could Wipe Out Your Entire Life’s Savings
Kurt Knutsson, CyberGuy Report Fri, December 13, 2024
Identity theft has become a pervasive issue, affecting millions of Americans each year. In 2023 alone, American adults lost a staggering $43 billion to identity fraud. The following story illustrates the devastating impact this crime can have on individuals:
Paula Disberry, a former Colgate-Palmolive employee, was living a comfortable life when she discovered that her 401(k) account had been drained of $750,000. The shock came when she tried to access her account online, only to find it blocked.
Think You're Safe? Identity Theft Could Wipe Out Your Entire Life’s Savings
Kurt Knutsson, CyberGuy Report Fri, December 13, 2024
Identity theft has become a pervasive issue, affecting millions of Americans each year. In 2023 alone, American adults lost a staggering $43 billion to identity fraud. The following story illustrates the devastating impact this crime can have on individuals:
Paula Disberry, a former Colgate-Palmolive employee, was living a comfortable life when she discovered that her 401(k) account had been drained of $750,000. The shock came when she tried to access her account online, only to find it blocked.
A fraudster had impersonated her, changing her contact details and withdrawing her entire retirement savings in a single transaction. Stories like this of financial identity theft are becoming all too common. If you live in the U.S., you’ve likely already encountered one, or worse, experienced it firsthand.
The FBI's Internet Crime Report for 2023 reveals that adults 60 and above accounted for 24.08% of all identity theft claims and suffered 41.46% of the total financial losses. While they may not face a higher risk of becoming victims, the financial toll is significantly greater than any other age group. Older adults, especially those over 60, often feel the impact more deeply. Why? They typically have more assets than younger individuals and are less likely to monitor their bank accounts daily.
Identity theft has been a concern for centuries, with one of the most famous historical impostors being Frank Abagnale Jr. Abagnale claims to have successfully impersonated various professionals in the 1960s, including a Pan Am pilot and a doctor, forging checks and documents to amass a small fortune. His alleged exploits were so notorious that they inspired the film "Catch Me If You Can."
While Abagnale's story is a dramatic example, modern identity theft has evolved into a more pervasive threat, particularly with the rise of digital technology.
The widespread availability of personal information on the web, combined with a lack of regulation preventing companies from collecting data without consent, has made it easier for criminals to exploit personal data. The scale is massive, and the impact can severely disrupt your life and that of your family.
TO READ MORE: https://www.yahoo.com/tech/think-youre-safe-identity-theft-150050449.html
News, Rumors and Opinions Sunday AM 12-15-2024
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 Sun. 15 Dec. 2024
Compiled Sun. 15 Dec. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Fri. 13 Dec. 2024 Wolverine: I am under an NDA, but want you to know that we are all going to have a very merry Christmas. Reno has been given the GREEN light and has started as there is movement. Please be patient as we are definitely going to have a merry, merry Christmas. I ask all of you to pray that nothing goes wrong.
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 Sun. 15 Dec. 2024
Compiled Sun. 15 Dec. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Fri. 13 Dec. 2024 Wolverine: I am under an NDA, but want you to know that we are all going to have a very merry Christmas. Reno has been given the GREEN light and has started as there is movement. Please be patient as we are definitely going to have a merry, merry Christmas. I ask all of you to pray that nothing goes wrong.
MilitiaMan: There’s 140 ambassadors already started arriving for a celebration in Basra Iraq.
Sat. 14 Dec. 2024 Fallawosophy: I’ve heard good news about movement in the RV. All info that I cannot share. It looks like 4b should kick off Monday.
Sat. 14 Dec. 2024 Sunny: We got early morning message from Reno and group leader. I’m just copy paste. “The money is there. It’s just logistical issues”
Sat. 14 Dec. 2024 Doc G: I can actually confirm that people are getting paid in Texas.
Fri. 13 Dec. 2024: BOOM!!! UP NEXT: Florida’s Explosive Plan to Use Gold and Silver as Currency, Bypassing the Federal Reserve System! – amg-news.com – American Media Group
Sat. 14 Dec. 2024: INTEL: Quantum Financial System, Global Currency Reset, and the Med Beds 5D ~ Trust the Plan! – amg-news.com – American Media Group
Fri. 13 Dec. 2024: MILITARY INTEL! Global Strategic Impact: Starlink’s Military Applications, RVs &GESARA, and the Quantum Financial System – amg-news.com – American Media Group
~~~~~~~~~~~~
Sat. 14 Dec. 2024 GLOBAL CURRENCY RESET: THE STORM IS HERE …Gitmo TV on Telegram (RUMORS)
Brace yourselves! The long-anticipated shift is upon us, and the wheels are turning faster than ever. Iraq’s oil-backed Dinar rate is confirmed to have revalued in-country, sparking seismic activity across the financial landscape. Reno is green-lit. Redemption centers are fully prepped, and sources confirm Tier 4b notifications could drop any moment.
Reports claim the Iraqi Dinar is actively being used at rates of $3.49 in-country and Kurdistan at $3.28. Rumors of Vietnam’s Dong revaluation are swirling, with insiders hinting at secret rates already circulating. This is not a drill.
On High Alert: Multiple trusted sources, including those directly connected to redemption centers, have confirmed that everything is ready to go. The Quantum Financial System (QFS) operates 24/7, bypassing traditional banking limitations. This means the trigger can be pulled on any day—weekend or not.
A Historic Moment: Iraqi PM recently finalized crucial Dinar negotiations, aligning with international partners. Ambassadors from 140 nations have gathered in Basra for an unprecedented celebration. UNESCO, UNICEF, the World Bank—they’re all in attendance. Why? Because Iraq is opening its gates to global investors in a bold, history-making move.
Meanwhile, whispers from trusted Arabic sources claim Syria has revalued its currency, signaling a domino effect.
Bondholders and Tier 4b participants are on edge, awaiting the call that will change everything.
MedBeds Are Coming: Don’t forget to ask about MedBeds during your redemption appointment. These revolutionary healing technologies will be available shortly after the process begins, offering unprecedented solutions to health challenges.
This is it. Prepare for a monumental Christmas. Faithful insiders maintain the breakthrough will happen before the holidays. If not by then, mark your calendars for January 25. Either way, the world as we know it is about to change forever.
Stay vigilant, keep the faith, and remember: The Storm is real. Notifications could land in your inbox any second. Eyes open, patriots. This is the final countdown.
Read full post here: https://dinarchronicles.com/2024/12/15/restored-republic-via-a-gcr-update-as-of-december-15-2024/
*************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick There will be purchasing power. Article 12 means no restrictions. No sanctions. No auctions. All those equals no three zero notes. There's only one way for this to turn out...
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
CBI on TV talking about the dollar auctions are bad but as of today the CBI has started new mechanism for money transfers... FRANK: This is monetary reform education - boom - boom - boom - boom. With all the lies [out there], the whole team is coming out and telling you Iraqi citizens, relax. FIREFLY: The salaries of October, November and December will be paid to the Kurds as soon as possible. Then they talked about a 15-day period that started on November the 28th in which the dollar auctions will end. That put the date as this Sunday the 15th...
5 SHOCKING Indicators the Economy is Heading for Total Collapse
The Jay Martin Show: 12-14-2024
Today on the Jay Martin Show, Jay sits down with Danielle DiMartino Booth, CEO of QI Intelligence and author of Fed Up. the pair dissect critical economic and geopolitical trends shaping today's markets. They explore the historic overvaluation of the stock market, rising consumer debt, and the hidden vulnerabilities in the gig economy.
Danielle offers insights into the challenges facing commercial real estate, multigenerational housing trends, and the surge in build-to-rent developments.
The conversation also touches on Canada’s shifting economic landscape, the implications of leadership vacuums, and what lies ahead for global markets in 2025.
Do we still need to worry about CBDCs? | David Morgan
Arcadia Economics: 12-14-2024
We've been hearing about the CBDCs for years. And now as the governments continue to feel the weight of their debt, and the soon to be treasury secretary is talking about a 'Bretton Woods realignment,' do we still need to be concerned about them trying to jam a CBDC down everyone's throat?
To find out more, click to watch the video now!
“Tidbits From TNT” Sunday Morning 12-15-2024
TNT:
Tishwash: The Central Bank and the Securities Commission sign a joint memorandum of understanding to enhance cooperation
The Securities Commission announced today, Sunday, the signing of a joint memorandum of understanding with the Central Bank to enhance cooperation.
The Deputy Chairman of the Securities Commission, Nagham Hussein Ismail, said: “Based on the joint cooperation between government institutions, and in view of the desire of the Securities Commission and the Central Bank of Iraq to create a joint cooperative framework for both parties that contributes to achieving the goals of sustainable development in the banking sector, a memorandum of understanding was signed between the two parties.”
TNT:
Tishwash: The Central Bank and the Securities Commission sign a joint memorandum of understanding to enhance cooperation
The Securities Commission announced today, Sunday, the signing of a joint memorandum of understanding with the Central Bank to enhance cooperation.
The Deputy Chairman of the Securities Commission, Nagham Hussein Ismail, said: “Based on the joint cooperation between government institutions, and in view of the desire of the Securities Commission and the Central Bank of Iraq to create a joint cooperative framework for both parties that contributes to achieving the goals of sustainable development in the banking sector, a memorandum of understanding was signed between the two parties.”
She added, "The signing of the agreement came to enhance cooperation between the two parties in the field of information related to shareholders, and to benefit from the electronic window of the shareholders' system approved by the Iraq Stock Exchange." link
Tishwash: To discuss the budget and salaries of Kurdistan.. A delegation from the regional government arrives in Baghdad
A high-level delegation from the Kurdistan Regional Government arrived this morning, Sunday.KurdistantoCapital BaghdadTo discuss a number of files, most notably the budget and salaries of the region’s employees.
The spokesman wasMinistry of FinanceThe Minister of Economy in the Kurdistan Regional Government, Honar Jamal, confirmed yesterday, Saturday, that the Minister of Finance and Economy in the Regional Government, Awat Sheikh Janab, will head the government delegation.
He explained that "the delegation will meet with the Federal Minister of Finance, Taif Sami, to discuss the issue of salaries of the region's employees for the months of October, November and December of 2024, in addition to discussing amending the federal budget and the region's share in the 2025 budget." link
************
Tishwash: Parliamentary Finance Committee reveals the impact of the delay in 2025 schedules on salaries and projects
The Parliamentary Finance Committee revealed, today, Sunday, the extent of the impact of the delay in the 2025 budget schedules on projects and salaries for the next year.
Committee member Mustafa Al-Karawi said, “The budget is a three-year budget, so its texts are ongoing, except for the tables, which are revised and amended according to the actual spending and expenditure,” noting that “the projects that operate in arms and are ongoing will continue their work.”
He explained that "the current ongoing projects will remain, and salaries will continue for next year, even if the approval of the 2025 schedules is delayed," adding that "the new inclusion of new projects will be suspended until the schedules are approved, because a new project cannot be included, and spending will continue on the 2024 schedules, until the new schedules are approved, and then new projects can be included."
Expectations indicate that the 2025 schedules will be delayed for a long time, because the parliament’s legislative recess will not end until January 9th of next year, 2025.
The schedules will also remain suspended until the completion of amending the budget law, specifically paragraph 12 related to the Kurdistan region, which faces severe disagreements, which will lead to obstructing the amendment of the budget or approving the schedules. link
***************
Tishwash: Due to power outage, the dollar market and banks close their doors in Sulaymaniyah
A local source confirmed, today, Sunday (December 15, 2024), that the "dollar market" and banks in Sulaymaniyah Governorate closed their doors due to a power outage.
The source said in an interview with " Baghdad Today " that "the buying and selling operations and money trading in the dollar market have almost completely stopped and the market in Sulaymaniyah has been closed, and the banks have also been closed due to the power outage."
National electricity has been cut off throughout Sulaymaniyah since this morning.
The Director General of Sulaymaniyah Electricity, Anwar Hama Saeed, said in a press statement followed by " Baghdad Today" that "electricity has been cut off in all parts of Sulaymaniyah since four o'clock in the morning today."
The concerned authorities have not yet announced the reasons for the power outage. link
Mot: ..... what happened????
Mot: ... word to the Wise
“News and Views” Posted by Frank26 and Clare at KTFA
KTFA:
Frank26” "AGAIN GOALS OF THE MONETARY REFORM SECURITY & STABILITY"......F26
Opening of a dollar exchange outlet at Kirkuk International Airport
12/22/2024 Kirkuk/
The Executive Director of Kirkuk International Airport, Abdul Samad Al-Kubaisi, opened an outlet to sell foreign currency (dollars) to travelers at the airport, at the official rate of 132 thousand dinars per 100 dollars.
Al-Kubaisi stressed: "The step of opening a new outlet at the airport will have positive effects, especially since it takes a short time for the traveler to get his need for dollars," noting: "The work of exchange companies at the airport will be monitored by the Central Bank of Iraq." LINK
KTFA:
Frank26” "AGAIN GOALS OF THE MONETARY REFORM SECURITY & STABILITY"......F26
Opening of a dollar exchange outlet at Kirkuk International Airport
12/22/2024 Kirkuk/
The Executive Director of Kirkuk International Airport, Abdul Samad Al-Kubaisi, opened an outlet to sell foreign currency (dollars) to travelers at the airport, at the official rate of 132 thousand dinars per 100 dollars.
Al-Kubaisi stressed: "The step of opening a new outlet at the airport will have positive effects, especially since it takes a short time for the traveler to get his need for dollars," noting: "The work of exchange companies at the airport will be monitored by the Central Bank of Iraq." LINK
Frank26: "BECAUSE OF A NEW EXCHANGE RATE, NOT BECAUSE OF A PROGRAM RATE".........F26
Governor of the Central Bank of Iraq receives a delegation from the International Finance Corporation
December 11, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the International Finance Corporation, which included the Director of the Financial Sector of the Corporation in the region, Mr. Yousef Habash, and Mr. Bilal Al-Zughair, the Resident Representative in Iraq, the Financial Investment Officer, and the Head of the Advisory Department.
During the meeting, they discussed strengthening bilateral relations between the Central Bank of Iraq and the International Finance Corporation, the importance of cooperation between local banks and correspondent banks with technical support from the Corporation, and the development of Islamic banks operating in Iraq, in addition to the banking reforms carried out by the Bank in cooperation with the relevant authorities, especially the restructuring of government banks, and the role of international companies operating in this field (Ernst & Young and Oliver Wyman).
His Excellency the Governor discussed the proposal to establish a leasing company with local and foreign contributions, which is one of the financial systems used to provide financing for projects and individuals without the need to directly purchase assets such as machinery and industrial equipment, vehicles, offices, and warehouses. This proposal supports emerging projects and small and medium-sized companies looking for easy and flexible financing.
The meeting discussed the importance of launching Riyada Bank next year, which will support projects with small and medium-sized loans, in line with the government’s vision to support graduates and entrepreneurs and develop labor markets.
Central Bank of Iraq
Media Office
December 11, 2024
************
Clare: Ministry of Transport announces that the completion rate of the development road project designs has increased to 63 percent
12/14/2024 Baghdad - WAA
The Ministry of Transport announced, today, Saturday, the completion rates of the strategic development road project, which is scheduled to open in 2029.
The Ministry's media office said in a statement received by the Iraqi News Agency (INA), "Accurate topographic survey operations have begun, extending from Al-Faw to the southeast of the Najaf Ashraf station, where an accurate topographic survey was conducted for the areas associated with passenger stations, container stations, storage stations, and ferries, including streams and rivers," noting that "the topographic survey is carried out using aerial photographs and surveying devices connected to satellites to ensure high accuracy."
He added that "the area ranges from 5 mm to 10 mm, and the survey includes all details related to the site to ensure proper planning for each part of the project, and that the topographic survey operations are scheduled to be completed to the Turkish border within the established timetables."
The media office confirmed that "the completion rates for the detailed designs phase of the railway line reached 64% and the land route 60%, while the cumulative completion rates for the detailed designs of the project reached 63%."
The statement indicated that "the development road, according to the designs, is at a distance that allows opportunities to connect the governorates to the project stations and benefit from both sides of the road, and the passage between the railway and land lines, while the Faw Port, which will be operated in 2025, will be used as a first phase, as it is an economic marine station for the project in addition to the presence of the industrial city, which will be the largest in the Middle East."
It indicated that "the Minister of Transport, Razzaq Muhaibis Al-Saadawi, directed the need to follow up on the work of the development road project, the first phase, which is known as the rehabilitation and re-operation phase of the current railway lines and preparing them to work in conjunction with the operation of the Grand Faw Port in 2025, and that the Italian company BTP provides consulting services regarding the first phase of the development road project (specific to rehabilitating the current railways), to be a strategic line ready for the safe transport of incoming cargo via railway lines, from the Grand Faw Port, which the ministry intends to operate in its first phase during the coming year."
It is noteworthy that the Ministry of Transport has developed integrated strategic plans for the transport sector with the development road project by land, rail, sea and air by linking airports to the development road project and benefiting from them by achieving integration that includes a number of operating and effective airports for the governorates located on the project, such as Basra Airport, Najaf Airport and Baghdad Airport, in addition to other airports that will be completed and opened in 2025, which are the airports of (Nasiriyah, Karbala, Mosul). LINK
Clare: Blinken: I was amazed when I arrived in Baghdad by the construction in Iraq and the vitality of the capital
12/14/2024 Baghdad - WAA
US Secretary of State Anthony Blinken expressed his astonishment today, Saturday, after his recent visit to Baghdad, at the construction in Iraq and the vitality in the capital, while indicating that the Iraqi people deserve this development.
"I was amazed when I arrived in Baghdad by the construction and vitality of the capital," Blinken said in a speech to reporters after leaving Baghdad, as followed by the Iraqi News Agency (INA), indicating that "important work has been accomplished to ensure that Iraqis receive the necessary services to build a better life."
He pointed out that "it is impressive that these changes are happening, and the Iraqi people deserve this development."
Yesterday evening, Prime Minister Mohammed Shia received US Secretary of State Anthony Blinken and discussed with him 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. LINK
************
Clare: Al-Sudani: There are suspicions of corruption in all loan transactions in Iraq
12/14/2024
Prime Minister Mohammed Shia al-Sudani acknowledged, on Saturday, that there were suspicions of corruption in financial loan transactions issued by Iraqi government banks.
In a speech he gave during the opening ceremony of the first Riyada Initiative Conference and Exhibition in the capital, Baghdad, Al-Sudani praised the role of banks in the process of lending to the youth participants in that initiative, adding that “let us admit that there are suspicions of corruption in all loan transactions, which we have reached in our previous experiences.”
He added, "We are facing a new reality and a new era for Iraq in which all its capabilities and natural resources that were not properly invested are invested, and these small projects will be the nucleus for other medium and large projects," noting that "most advanced industrial countries started with small projects and ended with large companies that sponsor a full spectrum of small companies."
Al-Sudani continued by saying: We are working on developing various sectors, and in partnership with foreign companies, the local product must be present, noting that “parts of the automobile industry can be manufactured in local workshops, and government banks will be present in supporting (Riyada) initiatives.”
The Prime Minister concluded his speech by saying: We have an integrated vision that starts with the youth to cover the needs of the local market for goods. LINK
************
Clare: Iraq on the map of change" .. Expert: Expected international decisions will be taken before Trump's arrival
12/13/2024 Baghdad
Political affairs researcher Muhammad Ali Al-Hakim commented on Friday (December 13, 2024) on the call of the United Nations representative in Iraq to take new decisions that serve the current situation to avoid crises in Iraq.
Al-Hakim said in an interview with "Baghdad Today" that "the call of the UN representative after meeting the religious authority in Najaf to take new decisions that serve the situation in Iraq to avoid crises carries a clear message that Iraq is heading towards changes," noting that "there are important decisions that will be taken in the near future related to the changes taking place in the region, especially with Trump's imminent assumption of the presidency in the United States of America."
He added, "The unannounced visit of the US Secretary of State is to complete the upcoming changes in Iraq. There is international and UN movement towards Iraq, and for this reason the new phase will witness major changes on the internal level, as Iraq is part of the change in the map of the new Middle East."
Yesterday, Mohammad Redha, son of the supreme religious authority, Ali al-Sistani, received the representative of the Secretary-General of the United Nations, Mohammad al-Hassan, and his accompanying delegation, to discuss ways for Iraq to avoid any conflicts that would harm it.
This comes as US Secretary of State Anthony Blinken made a secret visit to Baghdad, where he met with Prime Minister Mohammed Shia al-Sudani, to discuss the situation in the region and developments in Syria, stressing the commitment of the members of the international coalition to the security, sovereignty and stability of Iraq. LINK