Martin Armstrong: The Fed has Lost Control of Inflation
Martin Armstrong: The Fed has Lost Control of Inflation
Palisades Gold Radio: 12-17-2024
Tom welcomes back Martin Armstrong from Armstrong Economics for a discussion on the geopolitical landscape and growing frustration with government.
Armstrong expresses his belief in an increasing frequency of impactful events due to disillusionment with western governments. Martin delves into the deep state, historical examples of centralized governments leading to instability, and the need for decentralization and respect for individual sovereignty.
Martin Armstrong: The Fed has Lost Control of Inflation
Palisades Gold Radio: 12-17-2024
Tom welcomes back Martin Armstrong from Armstrong Economics for a discussion on the geopolitical landscape and growing frustration with government.
Armstrong expresses his belief in an increasing frequency of impactful events due to disillusionment with western governments. Martin delves into the deep state, historical examples of centralized governments leading to instability, and the need for decentralization and respect for individual sovereignty.
Armstrong shares personal experiences and insights about Trump and RFK's anti-war stances. Martin touches upon historical issues, including World War II, communism, the Roman Empire, war causes, and the use of sanctions. Concerns are raised about unsustainable debt systems and their correlation with conflict.
Tom pivots the conversation to Argentina's recent budget surplus, potential application in making cuts to U.S. government waste.
Criticisms follow regarding Federal policies to undermine U.S. States and inact gun control.
Predictions for an economic depression by 2032 are shared, with discussions on differences between a recession and a depression, government debt defaults, interconnectedness of economies, and concerns over career politicians.
The role of the U.S. dollar as a global reserve currency, and potential implications for the world economy are also discussed.
China and Russia's potential role in a global economic takeover, natural resources, the Ottoman Empire, monetary crises, gold on the yield curve, practical implications, gun control, authoritarianism, and vigilance are among other topics covered.
Time Stamp References:
0:00 - Introduction
0:35 - Many Geopolitical Shifts
12:32 - Trump & Ending Conflict
27:39 - Cutting Back Gov't
36:30 - Civil Unrest Preps
46:15 - 2032 - The End Game
53:42 - Trump, BRICS, & Dollar
1:04:54 - Russia's Resources
1:07:58 - Risks & Solutions
1:13:50 - Shelton & Gold Bonds
1:18:33 - National Guard Concerns
1:21:08 - Wrap Up
Talking Points From This Episode
Growing disillusionment with governments leads to increased impactful events: Armstrong emphasizes decentralization and respect for sovereignty to prevent global unrest.
Trump, RFK's anti-war stances discussed: Influence on NATO territories like Afghanistan and Ukraine, personal meetings recounted.
Predictions of economic depression by 2032: Discussions on debt defaults, interconnected economies, and career politicians' concerns.
Iraq Economic News and Points to Ponder Tuesday Afternoon 12-17-24
An Economic Expert Warns Of A Rise In The Dollar Exchange Rate In Iraq In The Coming Days
Buratha News Agency 24-12-17 Economic expert Nasser Al-Tamimi warned, today, Tuesday (December 17, 2024), of a rise in the dollar exchange rate in Iraq in the coming days.
Al-Tamimi said in a press statement, "There are real fears in the Iraqi market of the continued rise in the dollar exchange rate after the suspension of the platform by the Central Bank of Iraq," indicating that "this matter will constitute a shock, especially at the beginning of implementing the decision and will lead to a rise in the dollar, to increase demand for it in the parallel market."
An Economic Expert Warns Of A Rise In The Dollar Exchange Rate In Iraq In The Coming Days
Buratha News Agency 24-12-17 Economic expert Nasser Al-Tamimi warned, today, Tuesday (December 17, 2024), of a rise in the dollar exchange rate in Iraq in the coming days.
Al-Tamimi said in a press statement, "There are real fears in the Iraqi market of the continued rise in the dollar exchange rate after the suspension of the platform by the Central Bank of Iraq," indicating that "this matter will constitute a shock, especially at the beginning of implementing the decision and will lead to a rise in the dollar, to increase demand for it in the parallel market."
He added that "after the platform is stopped, most traders, especially small ones, will depend on the parallel market to finance their foreign trade, while continuing to finance trade with Turkey in dollars, through illegal means," noting that "this is what will lead to the rise, and therefore practical steps must be taken to prevent this by the country's monetary authority, and urgently."
The Central Bank of Iraq revealed on Wednesday (September 4, 2024) the mechanism for ending the electronic platform for foreign transfers, while indicating that the placement of foreign transfer operations and meeting requests for the dollar are on sound paths and consistent with international practices and standards.
The bank said in a statement that "the electronic platform for foreign transfers managed by the Central Bank of Iraq began at the beginning of 2023 as a first phase to reorganize financial transfers in a way that ensures proactive oversight of them instead of subsequent oversight by the Federal Reserve auditing daily transfers.
This was an exceptional measure as the Federal Reserve does not usually do this, and a gradual shift was planned towards building direct relationships between banks in Iraq and foreign correspondent and approved banks, mediated by an international auditing company to conduct pre-audit of transfers before they are executed by correspondent banks."
He added that "during the year 2024 and until now, 95% of the transfer process from the electronic platform to the mechanism of correspondent banks directly between it and Iraqi banks has been achieved, which means that only about 5% of it remains within the platform, which will be transferred using the same mechanism before the end of this year and according to the plan,"
explaining that "some expectations about potential impacts on the exchange rate and transfer operations are baseless, because the process will not be sudden or in one batch at the end of this year, but rather it was originally achieved during the past period with effort and careful follow-up, except for the remaining small percentage that will be completed in the coming short period."
He stressed that "trade with the United Arab Emirates, Turkey, India and China represents about 70% of Iraq's foreign trade as (imports), which prompted the Central Bank of Iraq to find channels for transfer in euros, Chinese yuan, Indian rupees, and Emirati dirhams, through accredited correspondent banks in those countries, and (13) Iraqi banks have actually begun conducting transfer operations with a pre-audit mechanism that has been agreed upon and approved in addition to transfers in dollars."
He continued: "With the provision of channels for personal transfers for legitimate purposes and external purchases through electronic payment channels and international money transfer companies and cash sales to travelers, and the payment of cash dollars for incoming transfers to the parties and purposes specified in the Central Bank's published instructions."
The Central Bank of Iraq stressed that it "put foreign transfer operations and meeting dollar demands on sound tracks consistent with international practices and standards and the Anti-Money Laundering and Terrorist Financing Law."
Explaining that "providing the aforementioned channels for all purposes at the official dollar price makes this price the true indicator of economic practices, which is proven by the reality of price stability and control of inflation, and any other price traded outside of these channels is an abnormal price that those with unorthodox or illegal practices resort to, who avoid official channels in their dealings, and bear the additional costs alone by purchasing at a higher price than the official price to delude others with the difference between the official price and the other." https://burathanews.com/arabic/economic/453976
Gold Stabilizes, Fed Awaits
Time: 2024/12/17 08:58:40 Reading: 897 times {Economic: Al Furat News} Spot gold prices stabilized today, Tuesday, ahead of the US Federal Reserve’s monetary policy meeting.
Markets are keenly awaiting the US Federal Reserve's forecasts for clues on the path of interest rates in 2025. Spot gold rose slightly by 0.06% to $2,654.10 per ounce, while US gold futures fell by 0.10% to $2,677.20. LINK
The Finance Committee Explains The Reasons For The Central Bank’s Penalties On 49 Companies: “Import Invoice Violations”
Economy | 04:26 - 12/17/2024 Mawazine News - The Finance Committee of the Iraqi Council of Representatives confirmed that the decision of the Central Bank to punish 49 companies came due to violations in import operations, as it was found that the invoices submitted did not match the value of the imported goods.
The Central Bank had issued directives to banks yesterday preventing these companies from benefiting from external money transfer channels, in a move aimed at limiting manipulation of foreign currency and reducing money laundering operations.
In this regard, a member of the Parliamentary Finance Committee, Moeen Al-Kazemi, explained that the Central Bank sells the dollar at the official price of 132,000 dinars for every 100 dollars, provided that there are real imports and the entry of goods into the country.
Al-Kazemi added that “some companies violate the instructions, as they submit requests to import goods for large amounts, but the goods that reach Iraq are less than the value stated in the invoices, which raises suspicions and leads to the imposition of strict penalties on the parties benefiting from the currency sale window.” https://www.mawazin.net/Details.aspx?jimare=257586
Dollar Prices Vary Between Baghdad And Erbil With The Closure Of The Iraqi Stock Exchanges
Economy | 05:00 - 12/17/2024 Mawazine News - The dollar price rose in Baghdad markets while it fell in Erbil, the capital of the Kurdistan Region, on Tuesday, with the closing of the stock exchange.
The dollar price also rose with the closing of the Al-Kifah and Al-Harithiya stock exchanges, recording 151,300 dinars per 100 dollars, while the dollar price recorded 150,950 dinars per 100 dollars this morning.
The selling prices in the exchange sector rose in the local markets in Baghdad, where the selling price reached 152,500 Iraqi dinars per 100 dollars, while the purchase price reached 150,500 dinars per 100 dollars. In Erbil, the dollar recorded a decrease, where the selling price reached 150,400 dinars per 100 dollars, and the purchase price reached 150,300 dinars per 100 US dollars. https://www.mawazin.net/Details.aspx?jimare=257588
After a sudden recession due to Syria.. Expectations of the return of the Iraqi market movement soon
Time: 2024/12/16 23:19:40 Read: 2,184 times {Economic: Al Furat News} An economic expert expects the market to return to activity next week after a temporary recession due to events in the region.
Salah Nouri told Al Furat News Agency that "the reasons for the recent economic recession in the markets are due to the news circulating about the possibility of US sanctions on the external transfer system, which created fears among citizens and hesitation in buying."
He added, "The situation may change next week and demand for buying will increase."
The parliamentary finance committee ruled out on Monday that the Iraqi economy would be affected by the situation in Syria or the dollar exchange rate in the local market, noting that "the government and the central bank have taken several important measures to confront the security and economic challenges in the country, especially in light of the deteriorating situation in Syria."
On the second of this month, the governor of the Central Bank of Iraq, Ali Al-Alaq, described the country's monetary position as "very excellent" despite the conditions in the region in terms of controlling inflation and the high adequacy of foreign reserves. LINK
On The Second Day Of Weekly Trading... Basra Crude Rises In The Global Market
Economy | 12/17/2024 Mawazine News – Baghdad Iraqi oil (Basra crude) recorded a price increase on Tuesday, the second day of weekly trading in the global market.
According to international economic data, Basra Heavy crude recorded $68.99 per barrel, while the average recorded $72.09 per barrel, with a change rate of +0.62, respectively, for February 2025 delivery.
The data also showed a slight increase in global crude prices, with British Brent crude recording $73.95, while US West Texas Intermediate crude recorded $70.69 per barrel, with a change rate of 0.04-0.02, respectively. https://www.mawazin.net/Details.aspx?jimare=257566
Central Bank Announces Launch Of Citizens’ Complaints Management Platform
Banks Economy News – Baghdad The Central Bank of Iraq announced today, Tuesday, the launch of a complaints management platform for citizens.
The bank's media office stated in a statement received by "Al-Eqtisad News" that "the Central Bank of Iraq announced the launch of an electronic platform to receive, process and resolve complaints submitted by the public," indicating "its keenness to respond quickly to citizens' complaints."
He stressed that "the launch of the citizens' complaints management platform comes in line with the bank's tireless efforts in the digital transformation process to receive complaints submitted by the public, regarding their dealings with the banking sector, providing services, reporting negative cases, and enhancing the supervisory role of this bank."
According to the statement, the Central Bank alerted "the public to the possibility of submitting complaints, starting from Sunday 1/5/2025, through the bank's official website in the complaints platform window, or through the government's Ur platform, or the electronic link.141 views 12/17/2024 - https://economy-news.net/content.php?id=50973
After An Interruption Of More Than 30 Years, Iraq Wins The Chairmanship Of The Executive Council Of The Arab Investment Company
Economy | 12/17/2024 Mawazine News – Baghdad The Iraqi Embassy in Libya announced today, Tuesday, that Iraq won the presidency of the Executive Council of the Arab Investment Company in the year 2025.
The acting Chargé d'Affaires of the Embassy, Ahmed Al-Sahaf, told the official agency: "In a prominent diplomatic step, Iraq succeeded in winning the presidency of the Arab Investment Company during the 63rd session of the Arab Economic and Social Council, which was held in the Jordanian capital, Amman, to return to this position after an absence of 32 years," noting that "Iraq has not been able to obtain the presidency of the aforementioned company's council since 1992."
She explained that "this achievement came in accordance with the joint coordination between the Ministries of Foreign Affairs and Industry and within the priorities of the government program of Prime Minister Mohammed Shia al-Sudani, and the emphasis of Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein on repositioning Iraq's role in regional and international organizations, within the multilateral diplomatic path,
as well as the strategic planning and management that the Iraqi Ministry of Industry has been pursuing, and in accordance with productive diplomacy, through intensive efforts led by the Iraqi Embassy in Tripoli, headed by the Chargé d'Affaires, Dr. Ahmed al-Sahaf, who was able to obtain decisive Libyan support to strengthen Iraq's candidacy, through coordination with the Chairman of the Investment Authority in the State of Libya, Dr. Abdul Hakim al-Fitouri, who gave Libya's vote to Iraq, which it needed to secure victory."
He noted that "Iraq hosted the company's executive council meetings in 2025 in Baghdad, a step aimed at enhancing Arab cooperation in the fields of industry and infrastructure, and consolidating Iraq's position as a pivotal industrial center." https://www.mawazin.net/Details.aspx?jimare=257577
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 12-17-24
Good Afternoon Dinar Recaps,
GOLD PRICE LIKELY SUPPRESSED BY CONCENTRATED SHORTING, COULD EXPLODE
At long last, complaints of gold price manipulation and suppression got some respect this week from the Official Monetary and Financial Institutions Forum, a London-based group connected with central banks.
The group published a long paper heralding gold's restoration to the center of the world financial system, "Gold and the New World Disorder," and the paper's chapter titled "Market Disruption -- The Short Squeeze" has this to say about the topic at hand:
Good Afternoon Dinar Recaps,
GOLD PRICE LIKELY SUPPRESSED BY CONCENTRATED SHORTING, COULD EXPLODE
At long last, complaints of gold price manipulation and suppression got some respect this week from the Official Monetary and Financial Institutions Forum, a London-based group connected with central banks.
The group published a long paper heralding gold's restoration to the center of the world financial system, "Gold and the New World Disorder," and the paper's chapter titled "Market Disruption -- The Short Squeeze" has this to say about the topic at hand:
"With record demand for gold, much of it from BRICS-related countries, the risks of a squeeze are increasing. This could have several catalysts.
'Bullion banks' holding concentrated gold short positions might need to buy back the metal during another price run.
Analysts have long argued that these short positions suggest market manipulation, citing the disproportionate control held by a few entities.
Lawsuits against banks for manipulating the precious metals markets have yielded some success in recent years. During these lawsuits, some former 'bullion bank' traders have commented about how these gold market strategies might make the market vulnerable to a short squeeze -- either by accident or design.
Academic and other studies provide evidence that 'shorting gold' has historically been used to suppress the gold price, often linked to central bank sales and futures contracts on commodity exchanges.
There is also room for market disruption from imbalances stemming from allocated and unallocated gold accounts, when market participants own just a claim on gold rather than specific bars.
Recent analysis suggests that the unallocated-to-allocated gold ratio at the London Bullion Market Association could range from 20:1 to even 100:1. For every ounce of physical gold backing these accounts, there might be 20 to 100 ounces of unallocated paper gold claims.
This indicates a fractional-reserve system where future claims may far exceed the physical gold available. Predicting the timing of such a squeeze is speculative, given the size of some of these positions and growing world financial and economic tensions.
However, with suspicions rising that some BRICS countries could be considering 'weaponizing' gold against the West, financial markets could be in for a bumpy ride."
Ya think? The Gold Anti-Trust Action Committee (GATA) has been documenting and screaming about this for 25 years. For example, here and here.
If even these "official" guys now can acknowledge not only that the gold market has been heavily influenced by central banks and their bullion bank agents but also that the world has foolishly been depending on a lot of imaginary metal, the racket may be quickly coming to an end -- no thanks to OMFIF itself, which for years has been ignoring all the incriminating information placed in the public domain by GATA.
@ Newshounds News™
Source: GoldSeek
~~~~~~~~~
RLUSD STABLECOIN GOES LIVE: PRICE FLUCTUATES 20% BEFORE STABILIZING
Ripple USD (RLUSD) is officially live on global exchanges. This enterprise-grade stablecoin combines the stability of fiat with the efficiency of blockchain technology. RLUSD will operate on two networks: Ethereum and Ripple’s native XRP Ledger (XRPL). Initially, the price of the stablecoin fluctuated within a 20% range, but it is pegged to the U.S. dollar at a 1:1 ratio, ensuring stability over time.
Ripple CTO David Schwartz had previously said that there might be supply shortages at first, causing the price to fluctuate. However, once supply stabilizes, the price will quickly return to around $1.
He also said, “Since the idea of $RLUSD many months ago to launch in a matter of hours, I’ve been looking forward to more use cases realized on the XRPL and more liquidity on-chain with a trusted stablecoin like RLUSD. Countless opportunities are here for devs and users who want the benefits of XRPL, RLUSD and XRP.”
The stablecoin will be available on exchanges like Uphold, Bitso, and CoinMana, with more expected by the end of the year. Ripple’s stablecoin is fully compliant and backed by US dollar deposits, government bonds, and cash equivalents. This provides the stability and transparency that many stablecoins have lacked.
RLUSD aims to bridge the gap between traditional fiat and crypto, offering benefits like instant cross-border payments, liquidity for remittance, and seamless integration with DeFi protocols. This is huge for XRP and the broader crypto ecosystem.
Ripple’s stablecoin will be a game-changer. It’s backed by years of experience in the financial system and offers a level of compliance and trust that’s currently unmatched. With major partners and exchanges expected to adopt it, RLUSD has the potential to challenge dominant stablecoins like Tether and USDC.
@ Newshounds News™
Source: CoinPedia
~~~~~~~~~
CURRENCY REVALUATION UPDATES WHAT YOU NEED KNOW | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
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Thank you Dinar Recaps
“Bits and Pieces” in Dinarland Tuesday Afternoon 12-17-2024
KTFA:
Clare: After an Interruption of More Than 30 Years, Iraq Wins the Chairmanship of the Executive Council of the Arab Investment Company
12/17/2024 Tripoli - WAA
The Iraqi Embassy in Libya announced today, Tuesday, that Iraq won the presidency of the Executive Council of the Arab Investment Company in the year 2025.
The Chargé d'Affaires of the Embassy, Ahmed Al-Sahaf, told the Iraqi News Agency (INA) that "in a prominent diplomatic step, Iraq succeeded in winning the presidency of the Arab Investment Company during the 63rd session of the Arab Economic and Social Council held in the Jordanian capital, Amman, to return to this position after an absence of 32 years," noting that "Iraq has not been able to obtain the presidency of the aforementioned company's council since 1992."
KTFA:
Clare: After an Interruption of More Than 30 Years, Iraq Wins the Chairmanship of the Executive Council of the Arab Investment Company
12/17/2024 Tripoli - WAA
The Iraqi Embassy in Libya announced today, Tuesday, that Iraq won the presidency of the Executive Council of the Arab Investment Company in the year 2025.
The Chargé d'Affaires of the Embassy, Ahmed Al-Sahaf, told the Iraqi News Agency (INA) that "in a prominent diplomatic step, Iraq succeeded in winning the presidency of the Arab Investment Company during the 63rd session of the Arab Economic and Social Council held in the Jordanian capital, Amman, to return to this position after an absence of 32 years," noting that "Iraq has not been able to obtain the presidency of the aforementioned company's council since 1992."
He explained that "this achievement came as a result of joint coordination between the Ministries of Foreign Affairs and Industry and within the priorities of the government program of Prime Minister Mohammed Shia al-Sudani, and the emphasis of Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein on repositioning Iraq's role in regional and international organizations, within the multilateral diplomatic path
As well as the strategic planning and management that the Iraqi Ministry of Industry has been pursuing, and in accordance with productive diplomacy, through intensive efforts led by the Iraqi Embassy in Tripoli, headed by the Chargé d'Affaires, Dr. Ahmed al-Sahaf, who was able to obtain decisive Libyan support to strengthen Iraq's candidacy, through coordination with the Chairman of the Investment Authority in the State of Libya, Dr. Abdul Hakim al-Fitouri, who gave Libya's vote to Iraq, which it needed to secure victory."
He noted that "Iraq's hosting of the company's executive council meetings in 2025 in Baghdad is a step aimed at enhancing Arab cooperation in the fields of industry and infrastructure, and consolidating Iraq's position as a pivotal industrial center." LINK
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Clare: Get ready.. The exchange rate is set to rise again: The dollar selling platform will stop and “the shock is coming”
12/17/2024 - Baghdad
Economic expert Nasser Al-Tamimi warned, today, Tuesday (December 17, 2024), of a rise in the dollar exchange rate in Iraq in the coming days.
Al-Tamimi told Baghdad Today, "There are real fears in the Iraqi market of the continued rise in the dollar exchange rate after the Central Bank of Iraq stopped working on the platform," indicating that "this matter will constitute a shock, especially at the beginning of implementing the decision and will lead to a rise in the dollar, to increase demand for it in the parallel market."
He added that "after the platform is stopped, most traders, especially small ones, will depend on the parallel market to finance their foreign trade, while continuing to finance trade with Iran and Turkey in dollars, through illegal means," noting that "this is what will lead to the rise, and therefore practical steps must be taken to prevent this by the country's monetary authority, and urgently."
The Central Bank of Iraq revealed on Wednesday (September 4, 2024) the mechanism for ending the electronic platform for foreign transfers, while indicating that the placement of foreign transfer operations and meeting requests for the dollar are on sound paths and consistent with international practices and standards.
The bank said in a statement received by "Baghdad Today", that "the electronic platform for foreign transfers managed by the Central Bank of Iraq began at the beginning of 2023 as a first stage to reorganize financial transfers in a way that ensures proactive oversight of them instead of subsequent oversight by the Federal Reserve auditing daily transfers, and this was an exceptional procedure as the Federal Reserve does not usually do this, and a gradual shift was planned towards building direct relationships between banks in Iraq and foreign correspondent and approved banks, mediated by an international auditing company to conduct a pre-audit of transfers before they are executed by correspondent banks."
He added that "during the year 2024 and until now, 95% of the transfer process from the electronic platform to the mechanism of correspondent banks directly between it and Iraqi banks has been achieved, which means that only about 5% of it remains within the platform, which will be transferred using the same mechanism before the end of this year and according to the plan," explaining that "some expectations about potential impacts on the exchange rate and transfer operations are baseless, because the process will not be sudden or in one batch at the end of this year, but rather it was originally achieved during the past period with effort and careful follow-up, except for the remaining small percentage that will be completed in the coming short period."
He stressed that "trade with the United Arab Emirates, Turkey, India and China represents about 70% of Iraq's foreign trade as (imports), which prompted the Central Bank of Iraq to find channels for transfer in euros, Chinese yuan, Indian rupees, and Emirati dirhams, through accredited correspondent banks in those countries, and (13) Iraqi banks have actually begun conducting transfer operations with a pre-audit mechanism that has been agreed upon and approved in addition to transfers in dollars."
He continued: "With the provision of channels for personal transfers for legitimate purposes and external purchases through electronic payment channels and international money transfer companies and cash sales to travelers, and the payment of cash dollars for incoming transfers to the parties and purposes specified in the Central Bank's published instructions."
The Central Bank of Iraq stressed that it "put foreign transfer operations and meeting dollar demands on sound tracks consistent with international practices and standards and the Anti-Money Laundering and Terrorism Financing Law," explaining that "providing the aforementioned channels for all purposes at the official dollar price makes this price the true indicator of economic practices, which is proven by the reality of price stability and control of inflation, and any other price traded outside those channels is an abnormal price that those with unorthodox or illegal practices resort to, who avoid official channels in their dealings, and bear the additional costs alone by purchasing at a higher than the official price to delude others with the difference between the official price and others." LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr Sammy just told me when Iraq cancels the auctions and the change over occurs to the dinar, that's actually a process of the revaluation. FRANK: That is the last step in the process...The question is, when will this happen? In my strong opinion this is based on the ending of the auction on December 31, 2024 then January 1, 2025 should be a start. Of course you know this is the Middle East so I'm not offering you a date. You know the Iranian politicians in Iraq are doing everything to stop it. If this event wasn't real, they wouldn't be stopping it...
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
We are hearing another gazette is missing from the publication. They say it's number 485. They say it was completed but it is not published publicly yet. We thinking it's because it has the article 12 items related to it... FRANK: Article 12 is the introduction of a restricted free currency with no sanction to the international world. It does not mean it has to have value but it means that it can leave your borders and gain value in an international basket. Everything is set up so perfect.
CRASH INCOMING: This is What the Final Stage of the Everything Bubble Looks Like
Taylor Kenny: 12-17-2024
Every financial bubble in history, from the Tulip Mania of the 1600s to the 2008 housing crash, has followed the same cycle: euphoria, denial, panic, and collapse.
In this video, I break down exactly where we are in today’s bubble, how speculative growth and market concentration are fueling delusion, and why the collapse is already baked in.
CHAPTERS:
00:00 Every Financial Bubble Bursts
01:10 The Stages of a Financial Bubble
02:15 Smart Money vs. Public Investors
03:21 Greed and Delusion: Where We Are Today
04:27 Expectations for Stock Prices vs. Income
05:40 FOMO and Market Delusion
06:51 The Dot-Com Bubble vs. Today’s AI Boom
08:05 Stock Market Concentration: The S&P 5
08:39 What Happens After Delusion: The Crash
10:21 Volatility and Risk: The New Normal
News, Rumors and Opinions Tuesday 12-17-2024
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 Mon. 16 Dec. 2024
Compiled Mon. 16 Dec. 2024 12:01 am EST by Judy Byington
Sun. 15 Dec. 2024 Eric Trump Declares XRP, ADA, ALGO, and HBAR Tax-Free Under Trump Administration! …Charlie Ward on Telegram
Eric Trump has just ignited a financial revolution, announcing that major crypto currencies like XRP, ADA, ALGO, and HBAR will be 100% tax-free under the Trump Administration . This game-changing move positions the U.S. as the global crypto powerhouse, sending shockwaves through the financial world and leaving other nations scrambling to catch up.
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 Mon. 16 Dec. 2024
Compiled Mon. 16 Dec. 2024 12:01 am EST by Judy Byington
Sun. 15 Dec. 2024 Eric Trump Declares XRP, ADA, ALGO, and HBAR Tax-Free Under Trump Administration! …Charlie Ward on Telegram
Eric Trump has just ignited a financial revolution, announcing that major crypto currencies like XRP, ADA, ALGO, and HBAR will be 100% tax-free under the Trump Administration . This game-changing move positions the U.S. as the global crypto powerhouse, sending shockwaves through the financial world and leaving other nations scrambling to catch up.
The Crypto Revolution Begins Now: Speaking at a major conference, Eric Trump didn’t mince words: “Under President Trump, America is open for crypto business. No taxes, no barriers—just innovation.” This policy isn’t just about tax relief—it’s a declaration of financial independence. By eliminating taxes on U.S.-issued digital assets, the Trump Administration is creating a crypto sanctuary where innovation thrives and traditional banking crumbles.
A Direct Hit on Banks: Eric Trump unleashed a fiery attack on traditional banks, calling them “archaic relics” that punish the people with fees and inefficiency. “Crypto doesn’t sleep. It doesn’t need a middleman. This is the future—and the banks are terrified.” The message is clear: America is leading the charge toward decentralization and freedom.
The BITCOIN Act of 2024: A Bold National Strategy To secure America’s dominance, the Trump Administration is launching the BITCOIN Act of 2024, creating a national Bitcoin reserve and transferring federal holdings to the U.S. Treasury. The goal? One million Bitcoins in five years, solidifying Bitcoin as a national asset and making the U.S. the epicenter of blockchain innovation.
Why This Matters: This isn’t just a policy—it’s a movement. With nations like Italy taxing crypto gains at 42%, America’s zero-tax stance will attract developers, investors, and innovators worldwide. The future of finance is here, and America is taking the lead.
Get ready for the crypto revolution—the storm is here, and the system will never be the same. Banks beware. Blockchain wins.
Read full post here: https://dinarchronicles.com/2024/12/16/restored-republic-via-a-gcr-update-as-of-december-16-2024/
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Ariel: People Who Hold IQD Should be Ready
Tues, Dec 17th 2024
Dec. 17th: Which coincidentally appears to be the same day that Iraq launches payments for the Kurdistan region. I will say this once they release the new exchange rate things are going to speed up people.
This is going to be almost like everything, everywhere, all at once to some degree. There will still be phases. Which I think will be phases 4 being the final.
A lot of people are going to have a hard time with 3. Which will determine if you even qualify what will happen in 4. But that’s another story for another time. But definitely not long before we get there.
People who hold IQD should be ready to get things moving in whatever manner suits you best. Because there will be a shift in how banks decide to deal with you once they find out you have foreign currency. Even the ones who told you they do not trade it. You will be the boss.
Watcher.guru: JUST IN: Ripple to launch $RLUSD stablecoin on December 17.
https://dinarchronicles.com/2024/12/17/ariel-prolotario1-people-who-hold-iqd-should-be-ready/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Article quote: "Tomorrow the opening of the electronic passport system in American cities of Los Angeles and Detroit..." What's that mean? We have some big populations of Iraqis in those communities ...On the 16th they're going to allow you to get a passport electronically. There's going to be a lot of Iraqis that have Iraqi dinar just like we do. When that purchasing power comes...they're going to have purchasing power. That's why Sudani and other have been hoping they could repatriate those people...to help that money they have come back home and invest...The electronic passport system...in coordination with the Ministry of Foreign Affairs is a big deal...Is there any coincidences? I don't think so. There are no coincidences.
Frank26 You know how many times that makes that Sudani told the citizens that he's going to keep his solemn oath promise to give them purchasing power? You know how many times he has said that? This is the ninth time...Why would Sudani be a habitual informer to the citizens that he's going to keep his promise of giving them purchasing power through a new exchange rate by lifting the three zeros off their exchange rate and introduce lower notes? Why would Sudani do that so many times?
Is Gold The Fed's Plan B? | David Morgan
Liberty and Finance: 12-16-2024
David Morgan speculates that the Federal Reserve may eventually consider integrating gold into a new monetary system, especially as a backup if the global adoption of central bank digital currencies (CBDCs) faces resistance.
He suggests that while CBDCs could be the primary currency of the future, central banks, like those in China and India, are accumulating gold as a form of "plan B."
This gold could be used as a reserve to stabilize the financial system if digital currencies fail to gain sufficient trust or adoption.
Morgan believes that gold could serve as a "carrot" to encourage compliance with the new system, possibly leading to a CBDC linked to gold.
This theory aligns with a broader trend where nations, despite pursuing fiat-based digital currencies, are hedging their bets with gold to maintain monetary stability.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Digital Rupee
5:39 India's & China's gold purchases
9:55 Gold & CBDCs
14:51 Gold & silver markets
16:13 Platinum & palladium markets
21:35 Fed meeting
“Coffee With MarkZ” Tuesday Morning Chat 12-17-2024
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Tuesday and good Morning one and all!!!
Member: The wheels on the RV go round and round…..round and round…..round and round……
Member: Kim Clement prophesied we would have a great fall, fall ends on 12/20 praying we get this over with before winter 12/21
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Tuesday and good Morning one and all!!!
Member: The wheels on the RV go round and round…..round and round…..round and round……
Member: Kim Clement prophesied we would have a great fall, fall ends on 12/20 praying we get this over with before winter 12/21
MZ: “Iraq Minister of Finance with $631 billion dinar –the salaries of the regions employees for the month of November” it looks like things are finally breaking loose in the Erbil Region with money flowing…..hopefully this includes HCL and a release. .
Member: So the 140 ambassadors in Iraq was a nothing burger?
MZ: Part of what the emissaries in Iraq last weekend accomplished is to bring an expected $100 billion in investments to Iraq . But I think under the cover of this-was the final negotiations on the Arab basket of currencies.
Member: lots of articles today about auctions stopping in Iraq before end of year.
Member: Let’s hope the new rate also comes by then.
MZ: It was our understanding auctions were supposed to stop on the 15th. But, they had an auction this morning hours earlier then usual….. an auction worth about $275 million dollare were auctioned off….more dinars off the streets.
Member: I wonder - what are the chances that Iraq goes alone?
Member: A follower shared me the screenshot from today.said it was visible for 5 min at 3.29 before it reverted back.I could not verify it. Just FYI
MZ: We are seeing a lot of that…lots of rate fluctuations.
Member: Probably teaser rates while they keep testing the system.
MZ: I do have updates from different contractors and contractor groups. My personal friend over there says he will not give a rate as it would compromise the contracts. But I have heard from a couple others that the most common rate they are being told is $3.92 as they are redoing contracts. I do not know how accurate that is but thought it was worth sharing. I did hear it from a number of sources so it may be just circletel…but it does fit closely to what is expected. $3.92 would be awesome, but consider it a rumor for now. .
Member: At $3.92, I'm taking it and be happy as a pig in slop
Member: do you still think we all go at once?
MZ: I think the public goes all at once. Special and connected people will go a little bit ahead. It’s just the way of the world.
MZ: “ The two main parties held their second meeting to discuss the formation of the new Kurdistatn Regional government” Their government wasn’t working so they are fixing it. They want financial reforms, HCL and a reset done.
Member: What a great concept, Fixing Government.
MZ: This one is huge: “ After a break of more than 30 years, Iraq wins the presidency of the executive board of the Arab investment company” the last time this happened was Pre-Saadam Hussein. This was back in the time when the Iraqi dinar was very valuable. This is an International position.
MZ: “Today’s Newspapers follow the project of rehabilitating the historic city of Baghdad and the opening of the first phase of the great port of Faw next year” This is a great update on how much progress Iraq has made. They are looking to become a tourist hotspot again.
Member: Simply Lynn said its GO time!!
MZ: if it was we would be all going. Not accurate.
Member: My Chase Wealth Manager had meeting that just started at 10 and is investigating.
Member: Mark you are absolutely right I call my wealth manager and they said she didn’t hear anything yet
Member: A number of people think that tomorrow is our day. We will see.
Member: Christmas is eight day away. I am not expecting it until after the inauguration but if it happens sooner….woohoo
MZ: A number of my contacts think it’s absolutely this week…..some think not until the 3rd or 4th week of January. But the majority still think its this week. We hope they are accurate.
Member: All the banks in my area require you have had an account for at least 6 months. Do you know of any other banks that don't require a 6 month account?
Member: If you are bringing in millions of dollars to their bank…you can bet they will open as many accounts as you want….imo
Member: will most banks accept Zim?
Member: The Zim will most likely be exchanged at military bases due to higher security and mostly military hold it. There is no limit, but you may get tranches if you hold a lot. This is what Mark has said.
Member: Do we know the best time to release the RV?
MZ: I was always told during non banking hours would be best…I have been told since the beginning that the best times are between 11Pm to 2 Am est……that is when the banking system around the world is the quietest. Preferably it will happen late Saturday night into Sunday morning…but it could happen at any time.
Member: is IQD and VND taxable?
MZ: I am still hearing the exchange is non taxable. I set aside extra just in case…just to be safe
Member: if it happens after the inauguration….chances are it all will be not taxed.
Member: Thank you MarkZ and Mod’s! You are very much appreciated!
Member: Compliments of the Season to All of you.
Member: May all your prayers and intentions be fulfilled today
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Iraq Economic News and Points to Ponder Tuesday AM 12-17-24
What Is The Secret Of The Stability Of The Dollar In Iraq Despite The Tension In The Region? A Government Advisor Explains
Time: 12/16/2024 22:36:28 Read: 1,248 times {Economic: Al-Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, attributed the stability of the dollar exchange rate against the dinar to the procedures of the Central Bank of Iraq in selling the dollar through the electronic platform and compliance with it. Saleh told {Al-Furat News} agency:
What Is The Secret Of The Stability Of The Dollar In Iraq Despite The Tension In The Region? A Government Advisor Explains
Time: 12/16/2024 22:36:28 Read: 1,248 times {Economic: Al-Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, attributed the stability of the dollar exchange rate against the dinar to the procedures of the Central Bank of Iraq in selling the dollar through the electronic platform and compliance with it. Saleh told {Al-Furat News} agency:
“There is a reason for the stability of the exchange rate in the parallel market, contrary to expectations, as it emerges from the completion of the Central Bank of Iraq from working on the
compliance platform, and the complete shift to strengthening
foreign exchange in international banks corresponding to national banks,
which is now covering the needs of The market uses foreign currency to finance foreign trade for the private sector at the official exchange rate of 1,320 dinars per dollar.
He stated that "the period of anticipation and anxiety regarding the transition to the new situation was absorbed by the
ability to finance trade and other transfers successfully and with high fluency through the
direct relationship between the Iraqi Bank and its correspondents abroad, reinforced with
foreign currency that is bought at the official price for customers to finance their trade, especially import trade, without rejection or disruption as well." It happened while working on the platform.”
The dollar is currently sold in local markets at an exchange rate of 1,500 dinars, or 150,000 per hundred dollars.
https://alforatnews.iq/news/ما-سر-استقرار-الدولار-في-العراق-رغم-توتر-المنطقة؟-مستشار-حكومي-يوضح
Banking Expert: Private Banks Do Not Support The Iraqi Economy And Live Off The Central Bank
Economy Central Bank of Iraq Private banks 2024-12-16 00:52 Twilight News/ Banking expert Mohamed Salem confirmed on Monday that most private banks are... She no longer “lives” on the Central Bank of Iraq without engaging in any economic activity.
And he said Salem told Shafaq News Agency, “Most private banks do not practice banking business
It concerns credit only in a small way and therefore does not contribute to revitalizing the Iraqi economy, as... Currency exchange is the basis of its banking revenues, so
it has become dependent on
electronic trading Hard currency and
electronic payment, where
you
obtain the dollar from the central bank and
sell it And you
get net profits without getting tired.”
And he realized “Private banks, although they moved away from providing bank loans, were pioneers In
electronic trading and in
providing services to citizens and employees, whether related to ATMs Mechanism or other electronic services at a time when government banks were suffering from backwardness In this field." He explained
“These services at private banks encouraged employees to settle their salaries there While government banks, except for the Iraqi Trade Bank, remained suffering from the problem of scarcity Localizing the salaries of its employees.” He confirmed Salem said,
“Government banks, despite their failure to keep pace with international and even private banks
However, it remains faithful in preserving its depositors’ money, no matter how much it is exposed to theft or plunder This is what these banks witnessed in 2003.”
https://shafaq.com/ar/اقتصـاد/خبير-مصرفي-المصارف-ال-هلية-لا-تدعم-الاقتصاد-العراقي-وتعتاش-على-البنك-المركزي
Documents: The Iraqi Central Bank Punishes 49 Companies Involved In “Money Laundering” And Warns Against Fake Ones
Economy Central Bank of Iraq 2024-12-16 02:35 Shafaq News/ The Central Bank of Iraq decided, on Monday, to punish 49 companies involved in “money laundering,” and also warned of fake trading and investment companies.
The bank directed the banks not to allow the 49 sanctioned companies to enter external financial transfer channels. In this context, the
Central Bank warned citizens of the existence of fake companies for electronic trading. The bank said in a statement received by Shafaq News Agency,
“There are fictitious companies for electronic trading in shares that claim to be licensed by the bank, and the
bank states that it does not grant a license to companies trading in (stocks, metals, and cryptocurrencies), pointing out that
“it has taken all legal measures against such people.” Fake companies. The bank indicated that
"some pages and publications on social networking sites have reported the names of fictitious companies that exploit the name of the Central Bank and claim that they are official Iraqi trading companies licensed by it for the purpose of investing and trading in digital currencies, stocks, gold, and oil by broadcasting fake videos and publications, and profits are withdrawn through wallets." Or it is delivered to people according to their claims, noting that
these companies claim to have branches in the governorates of Kirkuk, Mosul, Erbil and Sulaymaniyah.” The bank stressed the
need for “victims of these fake companies to take legal measures against them and inform the relevant authorities, calling on the public, before making any transfer, to review the names of the non-banking financial institutions licensed by it and published on its official website.”
Documents: The Iraqi Central Bank punishes 49 companies involved in “money laundering” and warns against fake ones
https://media.shafaq.com/media/arcella/1734349029648.jpeg
https://media.shafaq.com/media/arcella/1734349030304.jpeg
https://media.shafaq.com/media/arcella/1734349030588.jpeg
https://media.shafaq.com/media/arcella/1734349031782.jpeg
https://shafaq.com/ar/اقتصـاد/وثا-ق-المركزي-العراقي-يعاقب-49-شركة-متورطة-بـ-غسل-ال-موال-ويحذر-من-خرى-وهمية
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Tuesday Morning 12-17-24
Good Morning Dinar Recaps,
RLUSD TO BE LISTED ON UPHOLD WITH 5% REWARDS—WILL ALL XRP USERS BENEFIT?
▪️Ripple’s RLUSD stablecoin launches on Uphold on December 18 with 5% rewards starting January 2025.
▪️RLUSD is backed 1:1 by USD reserves and approved by NYDFS.
Ripple’s new USD-backed stablecoin, RLUSD, will be fully launched on the Web3 financial platform Uphold on 18 December 2024. In January 2025, RLUSD will become part of Uphold’s Rewards Center, allowing users to be rewarded for holding the stablecoin. This launch is an important milestone for Ripple and its attempts to advance digital payment systems and bring value to XRP holders.
Good Morning Dinar Recaps,
RLUSD TO BE LISTED ON UPHOLD WITH 5% REWARDS—WILL ALL XRP USERS BENEFIT?
▪️Ripple’s RLUSD stablecoin launches on Uphold on December 18 with 5% rewards starting January 2025.
▪️RLUSD is backed 1:1 by USD reserves and approved by NYDFS.
Ripple’s new USD-backed stablecoin, RLUSD, will be fully launched on the Web3 financial platform Uphold on 18 December 2024. In January 2025, RLUSD will become part of Uphold’s Rewards Center, allowing users to be rewarded for holding the stablecoin. This launch is an important milestone for Ripple and its attempts to advance digital payment systems and bring value to XRP holders.
Uphold and Ripple Partnership
RLUSD is authorized and established under the New York Trust Company Charter and regulated by the New York Department of Financial Services. It is backed 1:1 by USD reserves and cash equivalents, a position that must be stable and reliable.
Maintaining stablecoin transparency is ensured through regular, preferably monthly, third-party audits. The stablecoin itself has enhanced enterprise-grade security. Ripple has also audited RLUSD’s smart contracts to improve safety and its reception by institutions.
Exclusive Rewards and User Benefits
Later in January 2025, RLUSD stored on Uphold will be eligible for several privileges from the platform’s Reward Center. The users will be paid 5% of the RLUSD holdings by simply browsing the platform, depositing assets, trading, and many other activities. Also, participants will be given a limited opportunity to get insight into all the top cryptocurrencies and first dibs on any new token sale.
Uphold has made the latest change in its Rewards Center, introducing a tier structure. Those specific users who have managed to get through all three levels will be given the opportunity to use RLUSD a full day before anyone else. This initiative corresponds to Uphold’s approach of involving people and providing utility to the XRP stakeholders.
Future Expansion and Strategic Partnerships
Ripple’s RLUSD stablecoin, which will be accessible on MoonPay, Archax, and is going live on CoinMENA soon and on Bitso, Bitstamp, Bullish, and Mercado Bitcoin in the following weeks. Such a wide release is believed to help boost awareness and acceptance of RLUSD in different world markets.
Ripple has assembled an advisory board to steer the development of RLUSD, which includes Raghuram Rajan, former governor of the Reserve Bank of India, and Kenneth Montgomery, former chief operating officer of the Federal Reserve Bank of Boston. Current members present at the platform include Sheila Bair, David Puth, and Chris Larsen, co-founder of Ripple.
As we have seen, with the introduction of RLUSD and its inclusion in Uphold, Ripple is again establishing its relevance in the digital payment systems’ ecosystem. Uphold maintains strategic participation in such platforms in line with its goals of providing genuine financial services in the blockchain industry.
@ Newshounds News™
Source: Crypto News Flash
~~~~~~~~~
BRICS ISN’T THE REAL THREAT TO THE DOLLAR, THE US IS: HERE’S WHY
With the US president-elect targeting the BRICS bloc in 2025, many experts are worrying that the real threat to the US dollar lies eternally, not with BRICS. Donald Trump recently demanded that the BRICS nations “commit” that “they will neither create a new BRICS Currency nor back any other Currency to replace the mighty U.S. Dollar.” Trump also backed this threat with several tariff increases. However, could these backfire and harm the dollar more?
One Bloomberg analyst says that if Trump wants to maintain the dollar’s primacy, he should recognize that its value is not dependent on American power and threats, but on American reliability. How much could his incoming presidency harm BRICS, or the US dollar itself?
To Pursue or Not Pursue De-Dollarization: What are BRICS’ Plans?
South Africa released an official statement to affirm no common currency was planned. Furthermore, India’s foreign minister insisted that BRICS nations had “no interest in weakening the US dollar.” Even Russia’s President Putin said last month that the bloc isn’t aiming to destroy the greenback. That mission may still be carried through by the US itself though, putting the bloc in an advantage in 2025.
The BRICS bloc’s true mission appears not to be hurting the US economy or to challenge the primacy of the dollar. They want to instead carve out a section of the financial system that isn’t subject to US power. The US, however, hasn’t done well to keep its native currency strong over the last few years. The 2020 pandemic saw the dollar weaken dramatically, and nations around the world grew frustrated with the currency.
Trump to do More Harm to US Dollar Than BRICS?
Additionally, Trump’s Tariff plan may also do more harm than good to the US economy. If enacted, the tariff could be the catalyst for inciting continued efforts to abandon the US dollar on a global scale.
In a post to Truth Social, Trump previously said, “We require commitment from these countries that they will neither create a new BRCIS currency to replace the mighty US dollar, or they will face 100% tariffs and should expect to say goodbye to selling into the wonderful US economy.”
Although BRICS nations have previously said that they would not seek to ditch the currency, Trump’s policies could drive a necessary recalculation of what would be best for these countries.
The imposition of Western sanctions drove Russia to initiate de-dollarization efforts through its BRICS alliance. The weaponization of the greenback saw the bloc further enhance trade deals, ultimately leading to the promotion of local currency trade. That will only enhance under Trump’s tariff plan.
Moreover, it will harm American industries. The current efforts to ditch the US dollar wouldn’t have the same effect on imports that the incoming president would.
Russian spokesperson Dmitry Peskov addressed Trump’s recent warning for the alliance specifically. “More and more countries are switching to the use of national currencies in their trade and foreign economic activities,” he said.
The global trade market is now as hungry as ever for a US dollar alternative. Several countries within BRICS are switching to local currencies, and even pursuing new reserve currencies not named USD.
With Trump looking to put an iron fist on BRICS and USD opposers, the damage and fears may start growing more from the inside than his targets. The US may no longer be the middleman for many countries in global trade soon if the US dollar is indeed abandoned.
@ Newshounds News™
Source: Watcher Guru
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WARNING MERGING SEC AND CFTC COULD COST YOU BILLIONS! | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
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“Tidbits From TNT” Tuesday Morning 12-17-2024
TNT:
Tishwash: After an Interruption of More Than 30 Years, Iraq Wins the Chairmanship of the Executive Council of the Arab Investment Company
The Iraqi Embassy in Libya announced today, Tuesday, that Iraq won the presidency of the Executive Council of the Arab Investment Company in the year 2025.
The Chargé d'Affaires of the Embassy, Ahmed Al-Sahaf, told the Iraqi News Agency (INA) that "in a prominent diplomatic step, Iraq succeeded in winning the presidency of the Arab Investment Company during the 63rd session of the Arab Economic and Social Council held in the Jordanian capital, Amman, to return to this position after an absence of 32 years," noting that "Iraq has not been able to obtain the presidency of the aforementioned company's council since 1992."
TNT:
Tishwash: After an Interruption of More Than 30 Years, Iraq Wins the Chairmanship of the Executive Council of the Arab Investment Company
The Iraqi Embassy in Libya announced today, Tuesday, that Iraq won the presidency of the Executive Council of the Arab Investment Company in the year 2025.
The Chargé d'Affaires of the Embassy, Ahmed Al-Sahaf, told the Iraqi News Agency (INA) that "in a prominent diplomatic step, Iraq succeeded in winning the presidency of the Arab Investment Company during the 63rd session of the Arab Economic and Social Council held in the Jordanian capital, Amman, to return to this position after an absence of 32 years," noting that "Iraq has not been able to obtain the presidency of the aforementioned company's council since 1992."
She explained that "this achievement came in accordance with the joint coordination between the Ministries of Foreign Affairs and Industry and within the priorities of the government program of Prime Minister Mohammed Shia al-Sudani, and the emphasis of Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein on repositioning Iraq's role in regional and international organizations, within the multilateral diplomatic path
As well as the strategic planning and management that the Iraqi Ministry of Industry has been pursuing, and in accordance with productive diplomacy, through intensive efforts led by the Iraqi Embassy in Tripoli, headed by the Chargé d'Affaires, Dr. Ahmed al-Sahaf, who was able to obtain decisive Libyan support to strengthen Iraq's candidacy, through coordination with the Chairman of the Investment Authority in the State of Libya, Dr. Abdul Hakim al-Fitouri, who gave Libya's vote to Iraq, which it needed to secure victory."
He noted that "Iraq hosted the company's executive council meetings in 2025 in Baghdad, a step aimed at enhancing Arab cooperation in the fields of industry and infrastructure, and consolidating Iraq's position as a pivotal industrial center." link
**************
Tishwash: Jordanian Parliament: We are happy to see Iraq recovering, as it is the heart of the Arabs and the basis of their strength
During a meeting with Mahmoud Al-Mashhadani
Jordanian Parliament Speaker Ahmed Al-Safadi confirmed on Monday that his country is happy to see Iraq recovering, and said that it is “the heart of the Arabs and the basis of their strength,” during his reception of his counterpart Mahmoud Al-Mashhadani and the accompanying delegation on a visit after an official invitation.
Today, Monday, the Speaker of the House of Representatives, Dr. Mahmoud Al-Mashhadani, and the accompanying parliamentary delegation arrived at the Jordanian House of Representatives building, in response to an official invitation from the Speaker of the House, Mr. Ahmed Al-Safadi.
The Speaker of the House of Representatives stressed that the Hashemite Kingdom of Jordan has priority in our official visits and is our first destination after our presidency of the House of Representatives, stressing that Iraq needs all its people and brothers and we are committed to standing with the Arab nation in all its issues.
Dr. Mahmoud Al-Mashhadani added that the situation in Palestine today needs a serious Arab stance, which requires concerted efforts to support the rights of the Palestinian people. Likewise, the situation in Syria and Lebanon needs real support and assistance to confront the political, economic and security challenges that these sister countries are going through.
For his part, Mr. Ahmed Al-Safadi welcomed President Al-Mashhadani and his accompanying delegation during the meeting, saying: Today we are happy to see Iraq recovering, as it is the heart of the Arabs and the basis of their strength.
The meeting was attended by a number of representatives, in addition to Mr. Omar Al-Barzanji, the Iraqi Ambassador to the Hashemite Kingdom of Jordan.
The visit aims to strengthen relations between the two brotherly countries in various political, economic and security fields, in addition to discussing regional and international issues of common interest. link
**************
Tishwash: Exchange rate rises in local markets as dollar selling platform in Iraq nears completion
The dollar exchange rate recorded a new rise today, Tuesday (December 17, 2024), during trading on the main stock exchange and the local market .
Baghdad Today correspondent said that the dollar exchange rate recorded 150.950 dinars for every 100 US dollars in the main stock exchange in the capital, Baghdad .
He added that the selling price in the exchange offices recorded 152,000 dinars, while the buying price recorded 150,000 dinars for every 100 US dollars.
On Wednesday (September 4, 2024), the Central Bank of Iraq revealed the mechanism for ending the electronic platform for foreign transfers, while indicating that the placement of foreign transfer operations and meeting requests for the dollar are on sound paths consistent with international practices and standards .
The bank said in a statement received by "Baghdad Today", that "the electronic platform for foreign transfers managed by the Central Bank of Iraq began at the beginning of 2023 as a first stage to reorganize financial transfers in a way that ensures proactive oversight of them instead of subsequent oversight by the Federal Reserve auditing daily transfers, and this was an exceptional procedure as the Federal Reserve does not usually do this, and a gradual shift was planned towards building direct relationships between banks in Iraq and foreign correspondent and approved banks, mediated by an international auditing company to conduct pre-audit of transfers before they are executed by correspondent banks ."
He added that "during the year 2024 and until now, 95% of the transfer process from the electronic platform to the mechanism of correspondent banks directly between it and Iraqi banks has been achieved, which means that only about 5% of it remains within the platform, which will be transferred using the same mechanism before the end of this year and according to the plan," explaining that "some expectations about potential impacts on the exchange rate and transfer operations are baseless, because the process will not be sudden or in one batch at the end of this year, but rather it was originally achieved during the past period with effort and careful follow-up, except for the remaining small percentage that will be completed in the coming short period ."
He stressed that "trade with the United Arab Emirates, Turkey, India and China represents about 70% of Iraq's foreign trade as (imports), which prompted the Central Bank of Iraq to find channels for transfer in euros, Chinese yuan, Indian rupees, and Emirati dirhams, through approved correspondent banks in those countries, and (13) Iraqi banks have actually begun conducting transfer operations with a pre-audit mechanism that has been agreed upon and approved in addition to transfers in dollars ."
He continued: "With the provision of channels for personal transfers for legitimate purposes and external purchases through electronic payment channels and international money transfer companies and cash sales to travelers, and the payment of cash dollars for incoming transfers to the parties and purposes specified in the Central Bank's published instructions ."
The Central Bank of Iraq stressed that it "put foreign transfer operations and meeting dollar demands on sound paths consistent with international practices and standards and the Anti-Money Laundering and Terrorism Financing Law," explaining that "providing the aforementioned channels for all purposes at the official dollar price makes this price the true indicator of economic practices, which is proven by the reality of price stability and control of inflation, and any other price traded outside those channels is an abnormal price that those with unorthodox or illegal practices resort to, who move away from official channels in their dealings, so they bear the additional costs alone by purchasing at a higher price than the official price to delude others with the difference between the official price and others link
**************
Tishwash: Parliamentary Committee: Government working to reduce gap between parallel and official exchange rate to achieve stability
The Parliamentary Finance Committee explained, on Monday, that the government is working to reduce the gap between the parallel and official exchange rates to achieve stability, while indicating that the Iraqi economy will not be affected by the deteriorating conditions in Syria .
Committee member Moeen Al-Kazemi said in a statement followed by "Mil", "The government and the Central Bank have taken several important measures to confront the security and economic challenges in the country, especially in light of the deteriorating conditions in Syria ."
Al-Kadhimi continued, "The situation in Syria does not affect the Iraqi economy or the dollar exchange rate in the local market ."
He added that "the dollar exchange rate in the parallel market is currently stable, noting that the government is working to reduce the gap between the parallel exchange rate and the official rate to achieve greater economic stability ."
Currency markets are witnessing significant changes with the “sudden” rise in the value of the Syrian pound against the Iraqi dinar link
Mot: . I feel safe now Jed!
Mot: got Caught he did!!!
MilitiaMan & Crew-Iraq Dinar News-CBI-Achievements in Tourism-Revenues-Exchange rates-Digital Platforms-Currency
MilitiaMan & Crew-Iraq Dinar News-CBI-Achievements in Tourism-Revenues-Exchange rates-Digital Platforms-Currency
12-16-2024
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-Achievements in Tourism-Revenues-Exchange rates-Digital Platforms-Currency
12-16-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Seeds of Wisdom RV and Economic Updates Monday Evening 12-16-24
Good Evening Dinar Recaps,
CRYPTO MARKET AWAITS FED DECISION, POWELL'S STATEMENT; WHAT TO EXPECT
The cryptocurrency market is abuzz with anticipation ahead of the Federal Reserve decision and comments from Fed Chair Jerome Powell later this week.
The U.S. Federal Reserve's final meeting of the year is slated for this week; the Federal Open Market Committee's meeting on Tuesday and Wednesday is of particular interest to investors eagerly expecting this year's final interest rate decision.
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CRYPTO MARKET AWAITS FED DECISION, POWELL'S STATEMENT; WHAT TO EXPECT
The cryptocurrency market is abuzz with anticipation ahead of the Federal Reserve decision and comments from Fed Chair Jerome Powell later this week.
The U.S. Federal Reserve's final meeting of the year is slated for this week; the Federal Open Market Committee's meeting on Tuesday and Wednesday is of particular interest to investors eagerly expecting this year's final interest rate decision.
Other economic statistics will be released throughout the week, including retail sales for November on Tuesday, weekly initial jobless claims and the GDP growth rate for the third quarter on Thursday.
As of Monday, markets had priced in a 97% chance of a 25-basis-point interest rate decrease. Markets will look to the Fed's updated policy statement and Fed Chair Jerome Powell's press conference on Wednesday for clues about future interest rate decisions.
The Fed is now undergoing a blackout period, which means committee members are unable to make public comments prior to the FOMC meeting.
What to expect?
If the Fed announces a rate cut and Powell's comments are regarded positively, the cryptocurrency market may respond positively. Lower interest rates generally boost risk assets, including cryptocurrencies, as investors seek higher returns.
On the other hand, if Powell's statement suggests a slowing approach or if the rate cut is smaller than expected, the market may react unfavorably. Concerns about persistent inflation and a slower pace of rate cuts might dampen investor enthusiasm.
In Monday's trading session, the crypto market is currently posting mixed price action. Bitcoin recently surged to a new all-time high.
According to CoinMarketCap, Bitcoin's price was recently up 1.41% daily at $103,926, after reaching a new record high of $106,554 in early Monday trading. Ethereum rose 1.62% in the last 24 hours to $3,951. The majority of cryptocurrency assets traded in the red; XRP, Shiba Inu, Toncoin and BONK lost between 2% and 4%, while SUI, BGB, Fantom and RUNE gained between 4% and 15% in the last 24 hours.
The outcomes of the Fed's decisions and Powell's insights might set the tone for the market in the coming days.
@ Newshounds News™
Source: Investing
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CURRENCY: INDIAN RUPEE FALLS TO ITS LOWEST AGAINST THE US DOLLAR
The Indian rupee dipped to its lowest price point against the US dollar in the currency markets on Monday. The INR fell to an all-time low of 84.92 and is now a stone’s throw away from plummeting to 85. The DXY index, which tracks the performance of the US dollar, shows the currency touching the 107.03 mark. It had reached a 52-week high of 108.07 and could reclaim its lost territory if it holds on to the momentum.
Confidence in Trump is boosting the US dollar while other local currencies, including the Indian rupee, are taking a beating.
Several financial analysts indicate that the INR could fall below 85 due to weak economic cues. The Reserve Bank of India (RBI) is also unable to tame the fall of the INR despite accusations of selling the US dollar in the open markets.
Why Is the Indian Rupee Falling Against the US Dollar in the Currency Markets?
The rising crude oil prices and the exit of foreign institutional investors (FII) in the equities market are weakening the Indian economy.
In the last three months alone, a record $12 billion worth of equities have been offloaded by foreign institutional clients. The move weakens the Indian rupee as the US dollar flexes its muscles in the currency markets.
The development made Sensex dip from a high of 85,000 to a low of 78,000. However, the index managed to reclaim the 81,000 mark during Monday’s trade. The RBI now remains vigilant and is closely monitoring the Indian rupee’s lackluster performance against the US dollar.
The central bank has been previously accused of interfering in the currency market by dumping the US dollar to protect the rupee.
The Indian rupee is projected to lose further value against the US dollar on the heels of Trump’s inauguration. Trump has vowed to maintain the US dollar’s supremacy and punish the countries that plan to cut ties with the greenback. The threats include a 100% tariff on all goods entering the US for trade.
@ Newshounds News™
Source: Watcher Guru
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24 HOURS TO STOP TOTAL SURVEILLANCE BEFORE IT'S TOO LATE? | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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