Wednesday Evening Chat With MarkZ 12-18-2024

Wednesday Evening Chat With MarkZ

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Good evening, Mark, MODS, and all of my Z family.

Member: Anything new today Mark?

MZ: The news really is interesting and solid…we need to do our best to stay grounded.

Member: I hear the Iraqi people love Christmas as much or more as we do.

MZ: That would be accurate. It is a big one there. Christmas is one of the few holidays celebrated worldwide. It’s pretty much the only day they shut down the entire banking system everywhere in the world. What an ideal time to pull the trigger or flip the switch….

Member: I just want to inform everyone here that I have gotten paid. I am in Tier 3

MZ: We hope this is accurate. I have heard from others in tier 3 claiming they have gotten paid…and other individuals saying they have received some or a partial payment. I am hopeful it is indeed moving.

Member:  If tier 3 is going than they must have a rate?!?

MZ: “The President of the Republic , the under secretary of the Minister of Finance discuss the 2025 budget “They are also telling up here that they expect a rate change before Jan. 1st. There is a lot of information hitting right now in Iraq. All the news is supporting a rate change before the end of the year.  

MZ: “Sudani chooses advisors to continue working or relinquish positions after controversial remarks” Sudani is telling the folks to stop being a distraction from what we are trying to accomplish or step down and be removed. He says they are moving forward with their reforms with or without you. They can toe the line or get out. I love this one.

Member: The Korean Won dropped 50% today.

MZ: We are seeing some crazy stuff in the currency world right now.

MZ: Now to the rumors. It started with a conversation with a IRS contact….then moved into vetting this from other government contacts……it appears  they have been notified that they have to update their emergency contacts by the close of day Friday.

MZ: From the bond side- they are telling me they very much expect their 1% by Christmas. I believe things are heating up.

MZ: the whole market froze today- like a deer in a headlight. Powell did his best to implode everything today with his indecision.

Member: The NASDAQ had been in record territory while the DOW has been selling the past 10 days, but today the NASDAQ sold off hard today too

Member: Lets go RV this weekend so we all have a holly jolly Christmas

Member: Thanks everyone…praying we cross the finish line very soon.

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

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

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

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

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

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

Youtube:    https://www.youtube.com/watch?v=HXBPCv4mZfE

Dr. Ron Paul: Hope for American Liberty

Dr. Ron Paul: Hope for American Liberty

Palisades Gold Radio: 

Tom Bodrovics welcomes back former congressman Dr. Ron Paul from Texas and Liberty Report host to discuss the link between liberty and the economy.

Dr. Paul insists that freer societies are more prosperous, advocating for a sound monetary policy as crucial for economic health. He condemns interventionist policies and criticizes the Federal Reserve's manipulation of interest rates, citing 1921 as evidence of a hands-off approach leading to a better recovery from an economic downturn.

During the conversation, Dr. Paul expresses his aspiration to terminate the Federal Reserve and proposes steps towards accomplishing this goal, including repealing the Federal Reserve Act and enforcing the Constitution.

Although he acknowledges that the process might not be easy due to the nation's addiction to low-interest rates and easy money, he emphasizes the importance of recognizing inflation as a tax on people's money and advocates for Fed auditing as a path to transparency.

Dr. Paul supports gold-backed bonds as a means of promoting fiscal restraint and offering individuals a valuable savings opportunity.

He denounces tariffs as an ill-conceived solution for economic matters, suggesting instead the elimination of burdensome business regulations. Furthermore, Dr. Paul expresses concerns about government information's lack of transparency and encourages citizens to educate themselves on constitutional principles in order to safeguard individual liberties.

Dr. Paul concludes by urging listeners to act upon their convictions and principles, underlining the significance of education in history and economics.

He also presents his homeschooling curriculum as a substantial contribution to fostering individual liberty and countering excessive government control over education and healthcare. Ultimately, Dr. Paul underscores the importance of personal accountability and the risks of government intervention in diverse areas.

 Time Stamp References:

 0:00 - Introduction

0:36 - Economics of Liberty

 3:24 - Government Efficiency

5:00 - Audit & End The Fed

12:58 - Shelton & Gold Bonds

 14:36 - Tariffs & Regulations

23:12 - Accurate Information?

 25:36 - What Should We Do?

27:29 - Wrap Up

Talking Points From This Episode

Dr. Paul advocates for ending the Federal Reserve and promoting sound monetary policy.

He supports gold-backed bonds, fiscal restraint, and eliminating excessive regulations.

Dr. Paul emphasizes individual responsibility and education as keys to liberty.

https://www.youtube.com/watch?v=2sDVB8heBFo

More News, Rumors and Opinions Wednesday PM 12-18-2024

TNT:

Tishwash:  Sudanese offers a financial guarantee mechanism

The Prime Minister's Media Office confirmed, "Within the framework of government efforts aimed at supporting industrial projects, in a way that contributes to achieving sustainable development, strengthening the national economy, and increasing job opportunities, Prime Minister Mohammed Shia Al-Sudani issued a directive to form a joint committee from the relevant authorities.

He added, "The committee is responsible for preparing mechanisms for lending to industrial projects, and the necessary controls to determine the amounts of reservation and extinction of the guarantees provided for those loans."

According to the statement, on December 9, 2024, the Cabinet approved the committee’s recommendations. The new instructions included implementing the Prime Minister’s directives to provide loans with reduced interest and easy terms, with the aim of facilitating the establishment of new industrial projects, in cooperation with the main government banks, to ensure financial support for investors in the industrial sector.”

The Joint Committee aims for the private sector to have a prominent and influential role in supporting industrial projects, by increasing its investments in this field, to establish and operate factories and develop new ideas that meet the needs of the local market, with the importance of bringing in expertise and modern technologies from specialized international companies.” link

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Tishwash:  Al-Sudani and Bin Salman discuss regional stability after "Syria events"

Iraqi Prime Minister Mohammed Shia al-Sudani arrived in Saudi Arabia today, Wednesday.

This was stated by his media office in a brief statement received by Shafak News Agency, adding that Al-Sudani arrived in the Kingdom of Saudi Arabia, where he met in the city of Al-Ula with Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud.

In addition, the Prime Minister's media office explained, in a statement received by Shafak News Agency, that Al-Sudani met in the city of Al-Ula with the Crown Prince of Saudi Arabia, His Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud .

The latest developments in the region were discussed, as well as the importance of agreeing on joint coordination regarding the repercussions of the events in Syria, and intensifying efforts to confront regional and international challenges, in a way that contributes to enhancing regional security and the stability of the entire region .

Al-Sudani stressed Iraq's keenness on the unity of Syrian territory, non-interference in Syrian internal affairs, respect for the free will of the Syrians, and ensuring the participation of all components of the Syrian people in the administration of the country .

He expressed Iraq's readiness to cooperate with brothers and friends in the region, in order to establish security and stability, and to keep the region away from the danger of conflicts and wars .

The meeting touched on the tragic situation in Gaza, the continued aggression of the occupying entity against the Palestinians, the importance of intensifying international efforts to immediately stop the war, and doubling relief efforts to alleviate the suffering of the people in Gaza, as well as emphasizing  link

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY: Mr Sammy told me the dollar auctions were the main and only thing that was holding down the value of the Iraqi dinar and now that Iraq has opened channels to the international countries for money transfers and when the black market of the dollar auction closes it will allow the value of our currency to go up.  FRANK:  I agree with him 100%...The stoppage of the auctions is the key to everything.  All of the other dominoes are going to fall one after the other at a very fast pace...Sudani is working very hard to make sure that he closes the auctions with everything in place in order to give you purchasing power he promised you...

Breitling  [Syrian government overthrowing and reduced Iranian control] opens up the door for Iraq to be a little bit more independent.  They need to add value to their currency.  They need a strong currency to be independent and international.

MORE CALLS TO SELL US GOLD! BANKS BUYING BITCOIN, (THE NEW WHALES). FED. DECISION.

Greg Mannarino:  12-18-2024

https://www.youtube.com/watch?v=euXwNwru7Lk

Millions Are Going Bankrupt As Credit Crisis Reaches Critical Level!

Atlantis Report:  12-17-2024

Today, we're going to expose the darkest side of the American credit crisis. American households are spending a thousand dollars more every month just to purchase the same goods and services as three years ago.

It's no wonder why so many people are turning to credit cards to make ends meet. But the situation is becoming so extreme that now almost half of all Americans are on a hamster wheel of credit card debt, according to a new report. That includes children, Gen Z, Millennials, and pretty much every future generation.

Recent data shows that there are millions of children in the U.S. drowning in debt. At the same time, seniors are literally unretiring to be able to pay off their balances, and conditions are growing worse with each passing month. Today, we uncover the dark side of the Credit Crisis in America.

https://www.youtube.com/watch?v=4SRn9is9k5Y

Bruce’s Big Call Dinar Intel Tuesday Night 12-17-24

Bruce’s Big Call Dinar Intel Tuesday Night 12-17-24  

Transcribed By WiserNow Emailed To Recaps

Hello everybody to the big call tonight. It's Tuesday, December 17, and you're listening to the big call. Glad you guys could join us again. Welcome everybody around the world, as we are only eight days from Christmas, and I guess we've kind of got to get going if we're going to get this before Christmas, right? Well, I hope I can speak to that in my Intel segment. So stick around. Let's see. Let's see what we can do

All right, let's go into where we are for the RV, and I'll try to remember every detail I intended to bring. Let's cover this aspect first.

We you know, Jeannie mentions, in her prayer and praise time, she mentions, you know, debt forgiveness. Debt Jubilee, we talk about R and R, restitution reconciliation allowance. Restitution reconciliation allowance.   We talk about the increase in Social Security

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Well, finally, a couple days ago, we spoke with our social security contact person that said, No Social Security increases will take place in January, and R and R will take place in January. I'm going to cover what r and r is in terms of the three age groups.

The three age groups are age 30 to 45 let's just call it group 1 -- 30 to 45 and they're going to receive their R and R in 36 months, 36 monthly payments. So three years of payments for that group that is aged 30 to 45

Now from 45 to 60, that's our group two. They will receive two years of payments, monthly, which would be 24 monthly payments, and that's how they're paid out.

Now I don't have the information on how they're going to be contacted to let them know their bank account information and so on. All that's to follow.

The third group is age 60 to 100 and change however old you are, age 60 to over 100 that's the third group, and that group is to be paid a lump sum payment, one time lump sum payment, one time out over 11 years, one time payment, and it was supposed to be paid to the same bank account that you get your Social Security direct deposit into so that may be the same for everybody. I think that's what they're going to do.

They know that information. And then there was the thought of, well, wait a minute, we are going to have it in our quantum account ready for us at the time of our exchanges, when we go into that, wait a minute, not if R and R doesn't start till January. We're planning on right away and I will cover that in a few minutes.

All right, that's a little bit I’m not sure  how that's going to work for those of us that have currency that are over 60years and older and will be receiving a one time payment, lump sum payment,  and it could be substantial - because all of this includes taxes that you paid, income taxes -

federal income, state income. It includes interest that you paid on credit card, mortgage interest, bank loans. That includes the trading of your birth certificate as a tradeable bond type instrument, birth certificate, death certificate, includes  a marriage license for tradable and divorce decrees for tradable. Summary, all right, so all those are instruments that are created those we get those funds too.  So all of that is substantial  -- it’s hard to predict how much it could be, but it could be substantial.

All right, now let's go back to cover that. Let's go so the other direction. Let's talk about a Iraq  - Iraq has come out with a new rate on the dinar, and it was just a hair under $8 and it was in country rate in country, being in Iraq, and it's a rate on Morning that's yesterday, wasn't it? Yeah, Monday morning, at 9am Iraq time,

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They  paid out all the contractors that were military contractors and contractors that are construction contractors. They paid them all out back pay. They went all the way back to August, August, September, October, November and December were all paid out yesterday morning, Monday morning, at 9am Iraq time at the new rate.

So that's significant. That's significant that does not include hydro carbon law proceeds, the HCL or oil and gas law proceeds. It doesn't include pension payments, retirement all of these things are additional they show up in other accounts for the Iraqi citizens.

The other thing about the new rate is Iraq had our total trumped around in Iraq to 158 countries came to celebrate. Representatives of 158 countries came to celebrate, along with Iraq, their new rate last week, Sunday, and they may still be doing it could be continuing, but they're all very happy that the dinar rate is virtually double what it was just a few days prior.

So  that's great. We're happy for Iraq and all of the 158 COVID that sent representatives donations to help celebrate this great move into sovereignty -  certainty and into a new day for a Iraq.

So we've got a Iraq - got our R and R and our social thing handled.

Here's my opinion. We're getting very close to the end of the year  15 days until` January 1, if that's what I heard right from what Jeannie  said today, I think  most of the aspects of NESARA , and even GESARA  probably  will start somewhere in that vicinity next year, 2025

I don't know that for a fact, and in fact, I'll say this, what's going on with the USN dollar even today, we heard that banking systems, computer systems in the United States are beginning to process the change -  process the change from the USD, our Fiat based dollar, to our assets backed dollar, the USN, USD to USN.

Beginning of that transformation is taking place, starting today, with bank systems, with computer systems. That's happening

Now. Here's another thing that I'm glad I was able to bring out today.   I don't know very much about crypto currencies. My feeling and the people that we talk to, our sources believe, why do you need crypto when you have Zim? Right, nothing's going to touch the value of what the Zim is worth now to us and what we bought it for,

However many of you there in the Big Call universe may have XRP cryptocurrency. XRP, in some way, is a mechanism that will allow the US n to come live to be, to be live has to do with the asset backing of our USN currency, our new currency, our new dollar, and the value of the XRP.

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Now if you have XRP and you have a hard wallet, which is a virtual wallet, and you want to sell it, or some of it, you can do it at the redemption centers.

When we go in for our exchanges, redemption centers will be buying XRP and giving the daily rates for it. That was all brand new to me in the last two days.

So there is something to that. And if you want to hold it, if you have it, you just want to keep it, you know for the investment aspect of it, you can do that. They are offering to buy it at what we would call a favorable daily rate. So keep that in mind and bring the information for your virtual, hard wallet and your XRP if you have it and want to sell it, let's see what else you know.

The timing of this thing is really interesting, because we had been under the impression that we would and this came in since our last Thursday over the weekend, a little bit more information today and yesterday and today that we believe we were in the range to be notified and go on a modified calling in a modified shock. And start with tier three, the bond holders and tier four A and B.

Remember Wells Fargo does not distinguish between tier four a and tier 4b tier four a, we tend to call the admirals groups and other groups like that, the tier 4b group we refer to as the Internet Group, and that's the group that I'm speaking to on the big call, and that's who those people, that is, by far and away, the largest group.

 It's not a private group, though. Remember, it's not my group, not Bruce's groups, not the big call group, it is tier four, be the Internet Group, okay? And they want us, obviously, to go to the redemption centers to get the highest rates. And some of the rates are distinctively higher for the redemption centers.

Now let's go back to where I was a minute ago about the idea of us being notified as early as today. Well, we did not get that, and it's getting later and later tonight. So I have heard confirmation that emails have gone out to the banks managers and to center leaders or principals, or they call them operatives. Those went out at 8am in the morning, this morning.

 This morning is Tuesday, the 17th of December. Those went out at 8am eastern standard kind of work, so that part is complete. We are under the impression that those have been received. And in those emails, we don't know exactly what they say. We don't have that.

We believe that they have something giving the recipients an idea of when they are to receive calls, when are they going to receive appointments from calls, so that exchanges can begin. And of course, we're focusing primarily on the redemption centers, and the redemption centers having appointments set up for us.

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Now, today, we also heard that our notifications to us, which are coming from Wells Fargo, with a toll free number – we assume it’s a 1-800 number but that number will come in an email to us, and we're used to the call centers, and then get transferred to the redemption center that is closest to our zip code. And well, how do they know what our zip code is?

Because we enter that as part of our information, and we give that when we call in the 800 number, assuming we're to use a dial pad to put in some basic information about our currencies, not the amounts, but just which currencies we plan to exchange there'll probably be a numerical code to correspond with each currency or the main currencies. I'm not positive about how that's going to work, but that's what we've heard. So we'll see how that works.

Anyway, when you set your appointment, you'll be transferred to either with a direct transfer, or give it another number to call to get to that redemption center that is closest to the zip code that you entered.

Okay, now  here's the other thing, the emails that went out this morning at 8am should have included the information as to when we are to begin  notifying our call centers and letting them set the appointments for us with our help.

 Okay, what I've heard is that we will get the emails that we're looking for, which would contain 800 number overnight, tonight or tomorrow, and quite possibly wake up to those emails in the morning.

And then, once we read those emails, have a cup of coffee. We or have coffee first and read the emails and then call to set our appointment tomorrow, which is Wednesday, the 18th - Now that's one week before Christmas. It's cutting it close. But if that happens, And we hope it will. We believe it will – based on the  information we are getting from the Wells Fargo bond pay masters - should that happen, then we're off to the races and we're good to go. We set our appointments.

Theory is if we get our numbers overnight or in the first thing in the morning, we would set our appointment and be able to go with Exchange starting tomorrow. That is the hope, the positive expectation of what should happen.

So  that's that is cutting it closed. Because its only  a week before Christmas - But I think we‘d all  take it. And I think we'd all say, well, they made it. They wanted us to have this before Christmas, and here it is. That's what I want to experience. That's what I want to say when I received those emails.

So let's hope that is the case. I think the USTN or United States notes, the currency itself, is in the banks already, and it's also at the redemption centers, and they don't want us to take a bunch of that cash out. We can test and the numbers keep changing on how I'm not even going to go there, you'll find out how much, if you want some new currency, how much you can have taken from your balance.

I don't know. I don't know that it matters. I think we can whatever the money that we have now, the USD fiat currency that we have now in our wallets and purses and so on, that will phase out over about a three month period. And I don't know if that starts January one or starts before then the new money is going to come out. I've heard in about two weeks.

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Well, guess what? 15 days is the first of January. Are they going to bring our new UST currency out after the first and then we get access to it when we go into the redemption center for our exchange before then, I don't know what is on that. We'll see it's not a big deal either way,

but the big box stores are leading the way in terms of removing Fiat company with two distinct drop boxes in the big box stores like Home Depot and Lowe's and probably some other ones, like Walmart, the big box Costco. These guys have a box for USD and a box for UN and they'll do drops those two boxes based on which currency it is. And

so it's not like we have to worry about it. It's going to happen, and we're going to be part of it, and we're going to use our USD or Fiat dollar here in the United States until such time as they say, Okay, no more. That's done. So let's do this. I've given you the timeframe we believe we're going to have. I've told you some of the particulars.

We know that the banks are in the process of upgrading and connecting with XRP and the USN and all of that, started today and will continue, and we believe that we are to be notified or in the morning and get this thing started for us. I'm excited about it, and I know you guys are very excited, and I'm hoping we can all have the kind of Christmas that we really want this year now

So   thank you for listening big call universe.  And  I would just say we don't know if we're going to have another call. We don't know if we're going to have a call Thursday, today being Tuesday, but let's see what happens tomorrow. See what happens, and then we'll just plan accordingly.

Happy Festivus for the rest of us. And just, I just think it's been to bring the big call to big call universe, and we're going to see happens. I'm not in control of any of this. I only bring you what I hear. That's what my job is, to bring you this information, and then hopefully we can all vet it and just look forward to this happening one week before Christmas, let's pay the call out, and we'll move on, and we'll see what happens in the morning or tomorrow,

Everybody Have a blessed night, and let's see what tomorrow. Good night, unless you guys.

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Bruce’s Big Call Dinar Intel Tuesday Night 12-17-24 REPLAY LINK  Intel Begins 1:03:33

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

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

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

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

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

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

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

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

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Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 12-18-24

Good Afternoon Dinar Recaps,

BREAKING: FED SLASHES INTEREST RATES BY 25 BPS

The US Federal Reserve has finally announced its eighth and last policy decision for 2024 after a two-day Federal Open Market Committee (FOMC) meeting. It has cut interest rates by 25 bps. Notably, this is the third rate cut in 2024 from the Fed.

Notably, Wall Street had expected the central bank to slash the benchmark interest rate by 25 basis points (bps) for the second straight meeting after lowering it to 4.50 – 4.75 per cent in November. Markets were confident in a rate reduction, with CME Group’s FedWatch tool indicating a 99% probability.

The last policy verdict by the central bank came just after Republican Donald Trump secured a landslide victory in the 2024 US Presidential elections. In the September meeting, the US Fed slashed the benchmark interest rate by 50 basis points to 4.75 per cent-5 per cent for the first time in four years after policymakers expressed confidence that inflation was consistently on track to come near the target level.

Fed Not In A Hurry To Slash Rates

The US Fed policymakers estimate the benchmark interest rate falling by another half-point by the end of this year, another full percentage point in 2025, and a final half-point reduction in 2026 to end in a 2.75 per cent-3.00 per cent range.

The Fed Chair Chairman Jerome Powell had earlier indicated that the committee is in no hurry to reduce the key benchmark interest rates and that the committee will be more careful in the rate cut approach.

Also, earlier, Goldman analysts referenced a speech by Beth Hammack, president of the Federal Reserve Bank of Cleveland, where she stated that resilient growth, a strong labor market, and elevated inflation justify maintaining a modestly restrictive monetary policy for some time, as it could help to “sustainably return inflation back to 2 percent in a timely fashion.”

Impact On Crypto

“While a rate cut is undoubtedly favorable for Bitcoin’s price, the market appears to have already priced in a 25 basis point cut in December,” Min Jung, research analyst at Presto Labs, noted. He added that, as a result, the actual rate cut may have a minimal direct impact on Bitcoin’s price.

Jung emphasized that attention will turn to the December FOMC meeting’s Summary of Economic Projections and comments from Powell on future rate cuts. He noted that any unexpected developments or surprises from these factors will likely be the key drivers of Bitcoin’s price action.

Just recently, Bitcoin (BTC) took a pause after hitting an all-time high of $108,268 as traders awaited the Federal Reserve’s anticipated interest rate cut and optimism from strategic Bitcoin reserve plans.

@ Newshounds News™

Source:  CoinPedia

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BRICS NEWS:  BRICS ANNOUNCE PARTNER NATION RULES WITH ONE KEY DIFFERENCE

With the BRICS expanding for the second time in two years, the economic alliance has announced its newly instituted partner nation rules, with one key difference among them. Indeed, the bloc welcomed 13 new countries with partnership status as its global standing continues to strengthen.

The decision was officially unveiled at this year’s annual summit. Moreover, it happened 12 months after the bloc officially expanded for the first time since 2001. Specifically, it welcomed four countries to join the BRICS bloc, with the United Arab Emirates (UAE), Egypt, Iran, and Ethiopia joining the group.

BRICS Partner Nations Unveiled as Alliance Announce Rule Change

The last two years have seen massive shifts take place in a geopolitical realm. Following Russia’s invasion of Ukraine, Western sanctions took a massive toll on the invading country. Thereafter, Moscow turned to its BRICS allies and the global south as de-dollarization became an immense priority.

The allure of those policies was clearly shown in nations jockeying to join that emerging group. Now, the bloc has expanded twice. Indeed, the official membership list has grown, as well as the development of its very own partnership nation-tier coming to fruition. Now, BRICS has announced partner nation rules with one very important difference.

According to Russian Deputy Foreign Minister Sergey Ryabkov, BRICS partners are able to submit ideas but are not permitted to vote on them. According to Ryabkov, partner status “presupposes participation in BRICS mechanisms,” yet he assured, that “they are not allowed to make decisions.”

This aspect of the partnership plan was not made public prior to the announcement of its creation this year. It will be interesting to hear how nations react to the terms. Moreover, its impact on future participation and interest will showcase how the economic alliance is viewed internationally.

@ Newshounds News™

Source:  Watcher Guru

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Source:  Seeds of Wisdom Team RV Currency Facts

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Some Iraq News posted by Clare at KTFA 12-18-2024

KTFA:

Clare:  Al-Sudani arrives in Saudi Arabia and meets Bin Salman

12/18/2024

 Iraqi Prime Minister Mohammed Shia al-Sudani arrived in Saudi Arabia today, Wednesday.

This was stated by his media office in a brief statement received by Shafak News Agency, adding that Al-Sudani arrived in the Kingdom of Saudi Arabia, where he met in the city of Al-Ula with Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud.   LINK

Clare:  Government Advisor: Iraq is out of the dangers of external debt and will pay the remainder until 2028

12/18/2024

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, announced that Iraq has emerged from the dangers of external debt, and that it (Iraq) is a well-fortified country.

Saleh said in a press statement that: “After getting rid of the heavy burden of its debts, Iraq has transformed from a country indebted to others to a country that can be a creditor to others,” noting that “the country is called the ‘young creditor’ because it possesses a degree of youth in the economic aspect, which has raised its credit rating, despite the problems of the region.”

He added that "Iraq has gotten rid of the burden of external debts for the first time, which had shackled it economically," noting that "what remains of its debts to international parties constitutes less than (9) billion dollars that will be paid between now and the year (2028)."

Saleh explained that "debts are paid off through allocations in the federal general budget," noting that "the ratio of debts to the gross domestic product does not constitute a burden on the state, as it amounts to (5) percent of the gross domestic product."

He considered "Iraq a well-fortified country, in terms of external debts (in other words, it is outside the risks of external debts), which gives the country high credit at the present time," noting that "internal debts are confined within the (government banking) system."   LINK

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Clare:  After "fiery" statements by one of them.. Al-Sudani issues urgent directives to his advisors

12/18/2024

Prime Minister Mohammed Shia al-Sudani directed advisors on Wednesday evening not to make any effort in press statements in a manner that violates the general contexts of state administration, by expressing personal opinions that do not represent the government, and not to appear or make statements to the media except with official approval .

According to a statement issued by Al-Sudani's office, and received by Shafaq News Agency, the Prime Minister "gave all advisors the choice between continuing their official work or giving up their positions and advisory positions, and thus they will be free to make statements that express their personal opinions."

Yesterday, Tuesday, the Prime Minister’s advisor, Ibrahim Al-Sumaidaie, revealed that the Iraqi government had received a clear request from international and regional parties regarding the necessity of dismantling the weapons of the armed factions, while warning of the danger of not responding to this request.    LINK

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Clare:  Al-Sudani directs the formation of a committee to prepare mechanisms for lending industrial projects

12/18/2024  Baghdad: Morning

Yesterday, Tuesday, Prime Minister Mohammed Shia Al-Sudani directed the formation of a joint committee to prepare mechanisms for lending to industrial projects.

A statement from his office, received by Al-Sabah, stated that "within the framework of government efforts aimed at supporting industrial projects, in a way that contributes to achieving sustainable development, strengthening the national economy and increasing job opportunities, the Prime Minister issued a directive to form a joint committee from the relevant authorities, which was responsible for preparing mechanisms for lending to industrial projects, and the necessary controls to determine the amounts of reservation and extinction of the guarantees provided for those loans."

He added that "the Cabinet's approval of the committee's recommendations was issued on December 9, 2024," noting that "the new instructions included implementing the Prime Minister's directives to provide loans with reduced interest and easy terms, with the aim of facilitating the establishment of new industrial projects, in cooperation with the main government banks, to ensure financial support for investors in the industrial sector."

He explained that "the government aims for the private sector to have a prominent and influential role in supporting industrial projects, by increasing its investments in this field, to establish and operate factories and develop new ideas that meet the needs of the local market, with the importance of bringing in expertise and modern technologies from specialized international companies," noting that "the government seeks practically and effectively to achieve the goal of developing industrial projects with environmental sustainability, and supporting society through social responsibility programs that companies and factories are committed to."

He added, "The government affirms its continuous efforts to enhance cooperation with the private sector, leading to a comprehensive industrial renaissance that achieves benefits for both sides, and for the national economy in general." LINK

Clare:  ILO reveals details of 4 trillion dinar initiative in Iraq

12/18/2024  Baghdad

The country coordinator of the International Labor Organization, Maha Kattaa, confirmed today, Wednesday, working with several Iraqi parties on the 4 trillion dinar initiative, while she pointed to 3 important projects being worked on in Iraq.

In a speech she gave at the 8th International Social Security Conference, attended by the correspondent of "Al-Eqtisad News", Qata'a said, "The International Labor Organization is working with the Ministry of Labor and other entities, including the Central Bank, the Iraqi Bank Guarantees Company, and a number of private banks through the 4 trillion dinar initiative."

She added: "The organization's approach is based on three axes, the most important of which is developing policies that support the development of the private sector, including developing the national policy for the development of small and medium enterprises."

The country coordinator explained: “We are working on developing a national employment policy and the importance of creating job opportunities. It must be a fundamental focus and the entry of young people into work in the private sector.”

The sector stressed: “Working on developing legislation such as the labor law, social security, occupational health and safety, trade union organization, and other laws that contribute to developing the private sector and small and medium enterprises.”

Regarding the projects that the organization is working on in Iraq, she pointed out “the development of small and medium-sized projects funded by Germany, and investing about 9 million euros, through the Iraqi Bank Guarantees Company, and contributing to the growth of small projects, granting them loans and creating decent job opportunities.”

She stressed that "the second project is to enhance financial inclusion, especially in refugee areas, such as the Afak project, which we started in 2021, and which is funded by the Dutch government."

“As for the third project, it will be in the southern regions and will focus on green businesses. The ILO is implementing these projects in partnership with other parties,” according to the ILO coordinator.   LINK

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Clare:  Article 140 Committee: Agreements to resolve the issue of agricultural lands in Kirkuk

12/18/2024

The head of the Article 140 Committee in Kirkuk, Babakir Siddiq, announced on Wednesday that agreements had been reached to resolve the problem of agricultural lands between Kurdish and Arab farmers in the province.

A friend told Shafaq News Agency, "Kirkuk Governor Ribwar Taha Fateh headed the Article 140 Committee to find solutions, especially after the disputes that took place in the Balkana Sarkaran areas in the Dibis district between the Kurds and Arabs over agricultural lands."

He added, "The Article Committee sent a committee to Kirkuk and held a meeting with the Director of Agriculture in Kirkuk and Kurdish and Arab farmers. A number of decisions were reached that will contribute to finding solutions for agricultural lands between Kurdish and Arab farmers. We will hold a meeting next Sunday with the head of the Article 140 Committee for the purpose of reaching decisions to resolve this problem, which contributes to the cultivation of the lands."

He added, "Some decisions of the dissolved Revolutionary Command Council require a decision from the Iraqi Parliament in order to cancel them and restore rights to their owners through legal methods and formulas that satisfy all parties."

Kirkuk Governor Ribwar Taha announced on Tuesday, November 12, that there are about 14 judicial decisions on agricultural areas of about 1,500 dunams, while there are no problems on about 18,000 dunams owned by Kurdish farmers.

Taha said in an interview with a number of media outlets, including Shafaq News Agency, that "the governorate administration held meetings with the Joint Operations Command and the commander of the 8th Division to address the problems of four agricultural districts in the district of Dibis (60 km northwest of Kirkuk), namely Bakana, Sarbshakh, Karbalak and Shinaga," explaining that "after discussions with farmers from both the Kurdish and Arab components, it became clear that there are 14 judicial decisions regarding 1,500 dunams, and everyone agreed to keep them pending until their issue is resolved." He added that "there are areas estimated at about 18,000 dunams that do not have any judicial problems or decisions preventing farmers from cultivating them, and their owners can cultivate them freely."

He pointed out that the Department of Agriculture in Kirkuk was contacted to identify the districts that have judicial decisions, with the aim of protecting these lands until their fate is decided, as well as identifying the lands that do not have disputes to encourage farmers to work in them.

For his part, Deputy Speaker of Parliament Shakhwan Abdullah revealed that everyone is working to return agricultural lands to their rightful owners, and all political blocs agree to pass the law that restores the rights of the Kurds and Turkmen.

Kirkuk Agriculture Director Zuhair Ali told Shafak News Agency that 300,000 dunums of agricultural land are still outside the agricultural plan in the governorate.

He added that these lands include the areas of Hanjir and Shawan, parts of Yaiji, Dibs and Daquq districts, explaining that farmers can file complaints through documents with the courts of first instance.

He pointed out that the Federal Supreme Court confirmed in 2019 the continued validity of Article 140 of the Iraqi Constitution, which aims to cancel the demographic change policies imposed by Saddam Hussein's regime, and implement statistical procedures and a referendum on the annexation of the disputed areas to the Kurdistan Region.

Article 140 stipulates the cancellation of the demographic change policies pursued by Saddam Hussein’s regime in the disputed areas in favor of the Arabs at the expense of the Kurds, and then a census of the population before the final step, which is to hold a referendum in which the population determines whether they wish to join the Kurdistan Region or remain under the administration of Baghdad.

The implementation stages of the article were scheduled to be completed by the end of 2007, but security and political problems prevented this.

In 2019, the Federal Supreme Court ruled that Article 140 of the Constitution of the Republic of Iraq would remain in effect, stressing that this would continue until its requirements were implemented and the goal of its legislation was achieved.   LINK

There’s No Limit on the Price of Gold, Sound Money Rising as Fiat Falters

There’s No Limit on the Price of Gold, Sound Money Rising as Fiat Falters

VRIC Media:  12-18-2024

In a rapidly changing economic landscape, many investors are seeking safe havens to guard against inflation, currency debasement, and financial instability.

Two prominent voices in the discussion of precious metals, Peter Schiff and Adrian Day, recently shared their insights on VRIC Media, shedding light on the potential trajectory of gold in the current financial climate.

Schiff and Day argue that gold’s potential for growth is intrinsically linked to the instability of fiat currencies, particularly the US dollar.

They propose that the upside for gold is limited only by how low these currencies can actually fall—a situation they describe as “truly limitless.” With record levels of national debt and budget deficits becoming the norm across many countries, including the United States, the risks associated with traditional currency systems continue to mount.

One of the main driving forces behind the case for gold is the alarming rise in global debt levels. According to recent data, global debt has soared to over $300 trillion, creating an unsustainable financial environment. Governments are increasingly resorting to quantitative easing and other monetary policies that dilute the value of money. This debasement of currency erodes purchasing power and drives investors toward assets like gold, which have historically maintained their value during economic turmoil.

Schiff, known for his bearish outlook on the dollar, warns that the current practices of excessive borrowing and money printing could lead to a significant collapse of fiat currencies. With confidence in traditional currencies waning, precious metals may serve as a refuge, preserving wealth during uncertain times.

Additionally, Schiff and Day highlight the predicted downfall of the cryptocurrency market as another catalyst for gold’s upward trajectory. While cryptocurrencies initially emerged as an alternative store of value, their volatility and lack of intrinsic value present significant risks. As the bubble potentially nears its burst, investors may pivot back to gold, an asset that has stood the test of time.

The duo maintains that the fragility and speculative nature of digital currencies could lead to a massive capital shift towards gold. This increased demand could further drive up the price of gold, extending the current bull market for the precious metal.

In light of these factors, Schiff and Day confidently assert that the gold bull market is only just beginning. They urge investors to reassess their portfolios and consider incorporating gold as a hedge against the potential decline of fiat currencies and the uncertainties plaguing other investment avenues.

While the road ahead for gold is fraught with challenges, including potential market volatility and geopolitical events, the fundamental underpinnings of its value appear robust. As economic indicators continue to signal risks and uncertainties, gold remains a beacon of stability for those seeking to navigate the tumultuous waters of modern finance.

As we observe the shifting dynamics of the global economy, insights from Peter Schiff and Adrian Day emphasize the importance of gold as an investment. With an expanding debt crisis, ongoing currency devaluation, and skepticism towards digital currencies, gold could be on the verge of a significant upswing.

The message is clear: in a world where the limitations of fiat currencies seem to erode, gold offers a timeless safeguard for wealth preservation, potentially leading investors into a promising new era for the precious metal.

https://youtu.be/3P1m3J3GNvk

“Coffee With MarkZ” Wednesday Morning chat 12-18-2024

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 Hump day ……Good Morning everyone

Member: RV there yet?

Member: If it happened today- we would still have time to exchange before Christmas.

MZ: Much of Europe goes into a banking vacation this Friday and won’t come back until the first of next year. They need to make things happen.

Member: Imo, unlikely to happen now this year. As you say, we in Europe shut down from Friday until new year.

Member: If Iraq goes alone……that could be our only hope for this year

Member: Jan. !st is logical for a reset…..just saying.  Everyone in the world starts a new year then.

Member: if Europe banks shut down on Fri. Will there be no RV until late Jan now?

MZ: Not necessarily. We have been told for years that trusts are easier to open at Christmas and Easter. Specifically the St. Germaine Trust. We know the one day the entire world’s banking system shuts down for one full day. That is Christmas Day. That would be a convenient time to pull this off.

MZ: Some Bankers do take off just before Christmas and don’t come back to work until the new year. So if it happens do they call them back in? I am told there is no restriction on “when”

Member: They are definitely Running out the CLOCK

Member: If Banking execs are on vacation…..banks are still open right?  So why do we need the big wigs to exchange…..IMO we don’t.

Member: If the Reset happens Christmas day….maybe we use that week before New Years to set appointments for after Jan 1???

Mod: NO ONE KNOWS EXACT TIMING OR EXACTLY WHAT WILL HAPPEN. TAKE EVERYTHING WITH A GRAIN OF SALT

Member: What about the off book funds that moved to M1 and M2 last week?

MZ: It has been fun seeing money move from MO (off books) to M1 and M2. Now are they going to use to pay all of those historic bonds?  They are position it for something- but what?

Member:  it makes more sense to wait this late in the year to Jan 1. As Dr Shabibi said start of quarter or start of year

Member: Idaho Credit Union ICCU has started a foreign currency exchange account for buying and selling foreign currency.

Member: I read this morning the $$ 1929 crash started on Thursday , ended on Tuesday . Dec. 24th- rumor?

​​Member: there is an article about a tax law that was passed two weeks ago that says they will tax foreign currency as of Jan 1st.

Member: Maybe Trump will repeal that law when he gets into office?

Member: I am losing hope.

MZ: do not lose hope…it’s just timing…..but it is inevitable. The world is going to reset. And that is an absolute fact….just a question of when

MZ: “Controversial laws will be passed by political consensus before the end of the current parliament session” they are letting us know that whatever it takes they will get this done.

MZ: “Article 140 Committee: Agreements for the resolution of agricultural land in Kirkuk” (HCL) they are talking about how to share profits for these regions. This is exciting how they are talking about settling HCL.

MZ: “Prepare: Exchange rate on a date with a new high –the dollar selling platform will stop and the shock is coming” I love this one. If they increase the rate of the dinar and remove the restrictions….their problems are over. They need to figure this out- have an answer in the next 13 days.

MZ: Bond side is pretty quiet. Nothing on CMKX.

MZ: I did speak with a redemption center/redeeming bank contact who said they are expecting to work this weekend. This was surprising……. He did not know if they are doing “year-end” stuff or something else. They were asked to bring laptops for some reason. Maybe some kind of training and they will be calling clients for wealth management or will it be redemption related? They do not know.

MZ: Remember that redemption centers/redeeming banks are part of existing banks….and many people trained for our exchanges/redemptions work for those banks in Wealth management already. My contacts are trained by banks to exchange foreign currencies and they work in wealth management for the bank.

Member: Folks Hang Tough....Don't give up on your positive attitude.. Evil wants you to give up on your blessing

Member: praying we will all have a Happy New Year.

Member: Mark, Thank you for all the time and energy that you put into this.

Member: Enjoy your day everyone and be blessed this holiday season.

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

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

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

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

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

 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!

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

Youtube:     https://www.youtube.com/watch?v=fpK0Q7eXHQE

Iraq News Highlights and Points to Ponder Wednesday AM 12-18-24

Iraq Out Of The List Of Major Countries Holding US Bonds

Money and business  Economy News - Follow-up  The US Treasury announced on Tuesday that Iraq is no longer a major foreign holder of US bonds.

According to the Treasury report for September, which showed that Iraq was not among the top 20 countries holding US bonds, after it was ranked among the top holders last year with holdings of $32.6 billion.

The report indicated that "Japan topped the list of major countries in holding US bonds, with holdings amounting to $1.123 trillion, followed by China in second place with holdings amounting to $772 billion, while the United Kingdom came in third with $764 billion, the Cayman Islands in fourth place with $420 billion, Luxembourg in fifth place with $417 billion, and Canada in sixth place with $370 billion."

]The report explained that Saudi Arabia was the only Arab country that maintained its position among the 20 largest holders of US bonds, as its holdings amounted to $143.9 billion.

The report indicated that the total holdings of US bonds by countries around the world in September amounted to 8 trillion and 872 billion dollars.

US bonds are a type of debt instrument issued by the US government to raise money, and many countries buy them as a safe investment.

In the past years, many Arab and foreign countries, including Iraq, owned large amounts of these bonds, and over time, Iraq's holdings of US bonds decreased until it left the list of the 20 largest countries holding these bonds.   Views 25   12/18/2024 - https://economy-news.net/content.php?id=51026

Industrial Fraud Threatens The Local Economy And Undermines National Industries

Published on: December 18, 2024: Al-Mada/Follow-up  Regulating the control of goods is an essential step to support local factories and limit excessive imports, which contributes to strengthening the national economy and its ability to withstand and grow. However, the phenomenon of industrial fraud represents a major challenge facing the Iraqi industrial sector, as it negatively affects the reputation of local products and undermines efforts to increase local production.

Industrial Fraud And Its Consequences

Counterfeit products are increasingly prevalent in local markets, where low-cost goods are imported from neighboring countries and then repackaged and sold as local products. These goods are often of lower quality, eroding consumer confidence and causing significant damage to national industries.

Mohammed Hassan Jabr, a local shop owner, explained that the weak production capacity of Iraqi factories is pushing many traders to import counterfeit goods. He added that this embarrasses traders in front of customers who notice a clear difference in price and quality.

For his part, economic expert Mustafa Akram confirmed that industrial fraud appears largely in products such as cigarettes, chicken, and table eggs, where imported products are repackaged to appear as Iraqi. He pointed out that these practices lead to the deterioration of the local market and increased reliance on imports instead of enhancing local production.

Legal And Regulatory Challenges

Despite the existence of Consumer Protection Law No. 1 of 2010, its implementation faces major challenges, according to legal expert Jamal Al-Asadi.

Al-Asadi explained that the penalties imposed on industrial fraud, such as imprisonment and financial fines, are difficult to implement due to the lack of effective oversight in the markets.

Recommendations To Combat Industrial Fraud

To address this phenomenon, Hussein Abbas, from the Economic Crime Directorate, recommended taking firm measures, including:

1. Strengthening oversight: Increasing cooperation between relevant ministries to ensure the application of Iraqi specifications to local and imported products.

2. Reissuing import licenses: Imposing strict control over all imported goods by issuing new import licenses.

3. Activating border testing laboratories: Approving testing laboratories at border crossings to ensure the quality of imported products.

4. Implementing a goods tracking system: Adopting a goods tracking system to ensure their compliance with standards.

5. Organizing follow-up teams: Forming field teams to reduce market manipulation and control violations.

The phenomenon of industrial fraud poses a major challenge to the Iraqi economy, as it negatively affects the confidence of consumers and local industries. While oversight and enforcement of laws are essential tools to combat this phenomenon, current efforts need to be intensified and coordinated more among the relevant authorities to ensure the provision of high-quality products that enhance the status of national industries.  Source: Agencies   https://almadapaper.net/389139/#hathalyoum

Al-Sudani's Advisor: Iraq Will Soon Go From Debtor To Creditor - "Only 9 Billion Foreign Dollars Left"

Mazhar Mohammed Salih, the financial advisor to the Prime Minister, announced that Iraq has emerged from the dangers of foreign debts, and has gotten rid of this burden for the first time, indicating that the remaining debts to international parties constitute only less than 9 billion dollars and will be paid until 2028.

Iraq within safe range to pay off $20 billion in foreign debt - Financial Advisor

Saleh explained in a statement to the official newspaper, which was followed by the 964 network , that “Iraq, after getting rid of the heavy burden of its debts, has transformed from a country indebted to others to a country that can be a creditor to others,” noting that the country is called the “young creditor” because it possesses a degree of youth in the economic aspect, which raised its credit rating, despite the problems of the region.

He added that "Iraq has gotten rid of the burden of foreign debts for the first time, which had shackled it economically," noting that "what remains of its debts to international parties constitutes only less than 9 billion dollars that will be paid between now and the year 2028."

He stressed that "Al-Sudani placed reforming the country's financial system among the priorities of the government program, which resulted in achieving important steps during the past two years."

He explained that “debts are paid off through allocations in the federal general budget,” noting that “the ratio of debt to GDP does not constitute a burden on the state, as it amounts to an estimated 5 percent of GDP.”

He considered Iraq “a well-fortified country, in terms of external debt, and that it is outside the risks of external debt, which gives the country high credit at the present time,” noting that “internal debts are confined within the government banking system.”   https://964media.com/487617/

Antoine: The Situation In Syria Greatly Affects The Iraqi Economy

Information / Baghdad..  Economic expert Basem Antoine confirmed today, Wednesday, that the situation in Syria greatly affects the Iraqi and Syrian economies.

Antoine said in an interview with Al-Maalouma Agency that "the current situation in Syria has a direct impact on Iraq, especially since Iraq represents a vital market for Syrian industries."

He explained that "despite Iraq's ability to search for alternatives, Syria will suffer greatly, with the possibility of many factories shutting down as a result of the absence of markets to sell their goods, in light of the Syrian people's fear of the ongoing process of change."

He added, "Some people downplay the impact of the Syrian situation on Iraq, but the reality indicates a profound impact due to the common border that extends for about 650 kilometers between the two countries."

He pointed out that "the displaced Syrians in Iraq can return to their country to form an important workforce, which may restore activity to the Syrian market and ease Iraq's economic burdens, but it requires accurate studies to avoid the repercussions of the crisis on both countries."

He explained that "what is happening in Syria is not just a political conflict, but rather part of an economic war targeting the industrial and productive center of gravity that Syria represents in the region, which further complicates the economic situation in both countries."   LINK

{Sabah} Discusses The Reasons For The Bankruptcy Of Major International Companies

Economic  12/18/2024   The bankruptcy storm has hit many European, Canadian and Japanese companies recently. One of the most important causes is the weak economic growth that has become clear in Europe, and has an intertwined political, economic and military dimension. This conflict has been strongly reflected in economic policies, supply chains, energy markets and global trade, directly affecting the European, Canadian and Japanese economies. It is unlikely that the results of this storm will be short-term or temporary due to the overlap of many factors, about the causes of corporate bankruptcy.

Economic expert Dr. Adnan Bahiya explained to Al-Sabah that “the reason for the bankruptcy of global companies is the implementation of sanctions on Russia, which halted reliance on Russian gas and oil, leading to a severe crisis in Europe. These sanctions were a disaster for Europe and an economic blockade that affected it more than the Russian bear.”

Increase Spending

Bahiya added that "another reason for the bankruptcy of many international companies is that European countries have allocated huge resources to armament and increased military spending within their defense budgets to confront security threats. This situation has imposed additional pressure on public budgets, which have begun to show exhaustion, at a time when their economies are suffering from inflation and weak growth."

Spending Gap

He explained that, “through this situation, European governments were forced to impose higher taxes and reduce social spending to close the gap in military spending and to overcome the impact of sanctions and the economic blockade on Russia, which was a cheap market and a major trading partner for most industrialized European countries, which dealt a major blow to the exports and investments of European companies.

Bahiya continued: “Thus, supply chains in Europe were disrupted, especially raw materials, grains and minerals, which increased production costs and reliance on expensive imports from alternative sources. The rise in American gas and oil for Europe came as an alternative to Russian gas, and led to a significant increase in European production and industrial costs.”

Economic Cycles

For his part, academic Dr. Amr Hisham explained to Al-Sabah the causes of companies’ bankruptcy. There are structural factors with the presence of economic cycles, or the causes may be a shock that the economy is exposed to, or the cause of companies’ bankruptcy may be the presence of a wave of inflation.

 Global Economies

He continued: “The rise in interest rates raises costs for companies, as well as borrowing costs, and these factors lead to the bankruptcy of many companies,” noting that “there are two undesirable situations in global economies, which are recession and inflation, and these difficult situations are sought by those concerned with economic affairs to avoid or address in ordncourage Investment

He pointed out that those concerned with economic affairs tend to lower interest rates, which encourages the expansion of credit and encourages investment because the cost of borrowing is lower and repayment is easier, pointing out an important point, which is that the issue of bankruptcy for companies must be under clear legal provisions and be developed with regard to the Iraqi legislator, so that the process of dealing with bankruptcy is facilitated and fraud and deception of people and the theft of their inputs are reduced.   https://alsabaah.iq/107367-.html

Seeds of Wisdom RV and Economic Updates Wednesday Morning 12-18-24

Good Morning Dinar Recaps,

GENSLER GONE, CRENSHAW OUT, RLUSD LIVE: RIPPLE VS SEC FINAL SHOWDOWN ON JAN 15?

Ripple sees a boost as SEC Chair Gary Gensler resigns, and RLUSD launch signals global growth for XRP ahead of key January 15 deadline.

January 15 could be pivotal for XRP as SEC files briefs in Ripple lawsuit; new leadership brings hope for relaxed crypto regulations.

It looks like the clouds are clearing for Ripple as recent events have given it a boost, possibly changing the course of its legal battle. Trump’s promise to fire SEC Chair Gary Gensler on day one seems to be coming true, as Gensler announced his resignation on January 20, the same day Trump is inaugurated. This big news helped push XRP to new yearly highs.

Plus, Ripple’s RLUSD launched on December 17, taking a big step toward global growth. Meanwhile, SEC Commissioner Caroline Crenshaw became a target of the crypto community due to her strong anti-crypto stance and was denied renomination. 

All of these events could lead to something big on January 15, especially with Paul Atkins soon taking over as SEC Chair. Many are hopeful that this will bring a more relaxed approach to crypto regulation.

What Will Happen on January 15?

The SEC has requested an extension to file its principal brief in the ongoing XRP lawsuit with Ripple Labs. The new deadline for filing is set for January 15, 2025.

According to attorney Fred Rispoli, this part of the case is strictly about paperwork — no new evidence or jury trial. There are two appeals in process: one from the SEC and another from Ripple, called a “cross-appeal.”

Each side will submit an opening brief, followed by an opposition brief, and then a reply brief. Afterward, there will be a 15-minute oral argument in front of three judges. 

Fred said that while the argument is brief, it will be crucial, as the judges’ questions can provide insight into their initial thoughts on the case. However, he also said that the entire process could take up to a year and a half, despite the short duration of the oral argument.

Ripple vs. SEC drama heats up will the outcome boost XRP? Reda XRP price prediction points to a potential surge as key decisions loom.

Even if the legal case continues, supporters remain optimistic that the new government will implement the right measures to support the crypto industry. Another bullish development is that Empower Oversight is urging Congress to release an SEC Inspector General report on former chairman Jay Clayton’s actions. This report could bolster their investigation before Clayton is confirmed as U.S. Attorney for the Southern District of New York.

@ Newshounds News™

Source:  CoinPedia

~~~~~~~~~

US TREASURY ISSUES SANCTIONS OVER NORTH KOREAN CRYPTO MONEY LAUNDERING

Alleged crypto money launderers with links to the North Korean regime have been sanctioned by U.S. authorities.

North Korea’s government has been caught red handed—again.

That’s according to the feds, who today announced that they have sanctioned two individuals tied to a crypto money laundering network with alleged ties to the Democratic People’s Republic of Korea.

In a Tuesday statement, the Department of the Treasury’s Office of Foreign Assets Control said it had sanctioned Lu Huaying and Zhang Jian for allegedly laundering digital assets to fund the already heavily sanctioned government in Pyongyang.

The Treasury Department alleged that a front company in the United Arab Emirates, named Green Alpine Trading LLC, was used to turn crypto into cash. The agency credited the UAE for help in targeting the sanctioned individuals.

“Today’s sanctions are a part of ongoing efforts to disrupt the DPRK’s money laundering operations, which finance the regime’s unlawful weapons of mass destruction and ballistic missile programs,” Tuesday’s statement reads.

The sanctions mean that both Huaying and Jian have had their assets frozen and that Americans won’t be able to do business with them or with their company.

Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence Bradley T. Smith added that the North Korean regime used “complex criminal schemes” to fund its missile program—including “exploiting digital assets.”

North Korean actors are no stranger to crypto: Hacking groups with ties to the country’s ruler, such as Lazarus, have used mixing tools like Tornado Cash and other apps in order to hide the trace of dirty funds, U.S. authorities have alleged.

Other digital asset researchers and blockchain trackers have released data showing that hackers with government ties target crypto exchanges to steal funds.  

The U.S. only yesterday hit North Korea with more sanctions, targeting a number of banks and officials with the aim of disrupting the hermit kingdom’s support of Russia’s war in Ukraine.

@ Newshounds News™

Source:  Decrypt

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UK’S FIRST DIGITAL SECURITIES SANDBOX PARTICIPANTS GET PRELIMINARY APPROVAL

The UK’s Financial Conduct Authority (FCA) opened the Digital Securities Sandbox (DSS) for applications at the end of September. It relaxes certain rules for DLT market infrastructures. 

Some of the first applicants have already received preliminary approval, although admittedly it doesn’t mean that much because they can’t go live. However, given it’s only been six weeks since applications opened, it appears the FCA plans to move fast.

The two entities that have announced preliminary approval are (intended) central securities depository (CSD) Montis (owned by Archax) and ClearToken, which plans to operate as a central clearinghouse for crypto and tokenized assets. ClearToken is backed by Nomura’s Laser Digital and Standard Chartered’s Zodia Custody, amongst others.

Like the EU’s DLT Pilot Regime, the DSS plans to relax the rule that exchanges and central securities depositories must always be separate. With DLT, that split is sometimes impractical. The first EU approval of CSD Prague happened 18 months after the legislation came into force. Only two EU entities have been approved so far.

In an attempt to address these sorts of delays, the UK has created a gate system, with Gate 1 as preliminary approval, and Gate 2 as permission to go live within the sandbox. These preliminary approvals are only for Gate 1. For existing regulated entities, the gap between Gate 1 and Gate 2 should not be too significant. 

The FCA said early bank applicants could earn Gate 2 approval by February 2025, with unregulated entities closer to November 2025. Others would be somewhere in between.

Both of the startups, Montis and ClearToken, are yet to receive regulatory approval, so they are likely to have to wait a while to receive Gate 2 clearance. That said, Montis has been working on its CSD licensing for years.

“By applying to the DSS, we are taking a significant step toward creating a dynamic, globally connected financial ecosystem based in the UK,” said Montis Group CEO Martin Watkins. 

“Our proven capabilities in Luxembourg, where we have built an infrastructure service aggregate and record both conventional and natively digital securities using DLT, will provide a strong foundation for the UK’s digital securities markets.”

@ Newshounds News™

Source:  Ledger Insights

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TOP ECONOMIST SHARES WHY SILVER IS THE SAFEST BET RIGHT NOW  |  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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News, Rumors and Opinions Wednesday AM 12-18-2024

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 Wed. 18 Dec. 2024

Compiled Wed. 18 Dec. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Judy Note: Beware of Banks: Yes, there are many banks exchanging certain currencies including the Iraqi Dinar right now. WARNING: They will give you the present street rate, not the much higher rate you can receive at an official Redemption Center.

Most of the larger Banks are (allegedly) owned by the Cabal – and they are going broke with the new financial system. In the very near future they will not even be handling our money. So it is not surprising that Banks are now advertising to exchange your currency with them.

Banks are also saying that there is no such thing as a Redemption Center. Not true.

Be aware you will get a much higher rate(allegedly)  at an official Redemption Center, plus a bank is not authorized to redeem Zim.

On Tues. 17 Dec. 2024 Ripple USD Stablecoin (RLUSD) launched, the Iraqi Dinar was (allegedly) being paid out at it’s new revalued rate of just under $8.00 in-country (the international rate has not yet stabilized on the Forex and wouldn’t be until Mon. 23 Dec); Rumors swirled that the Vietnamese Dong has followed suit and XRP went live.

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Tues. 17 Dec. 2024 Bruce:  (RUMORS)

On Mon. 16 Dec. 2024 at 9am Iraqi time Iraq paid it’s contractors at the new Iraqi in-country rate of just under $8.00 and dated the payments back to Aug.

Last weekend 158 countries paid a visit to Iraq and began celebrating the Global Currency Reset.

As of Tues. 17 Dec. 2024 Banking Systems were beginning to process the new gold/ asset-backed US Treasury Note (USTN).

The new gold/asset-backed USTN is now in all banks and Redemption Centers.

XRP is crypto currency and allows the USTN to be live. If you hold XRP you can sell it at your Redemption Center appointment.

On Tues. 17 Dec. 2024 at 8 am EST emails went out to all banks and Redemption Centers explaining the timing of Tier4b exchange appointments.

Tier4b (us, the Internet Group) email notification to set appointments will go out from Wells Fargo overnight tonight or tomorrow Wed. 18 Dec. 2024.

The fiat US Dollar will be phased out within the next three months, or by the end of March 2025.

~~~~~~~~~~

(Rumors)

GLOBAL CURRENCY RESET The final countdown: The wait is over, patriots. The Storm is here, and the gears of history are turning faster than ever. Iraq’s oil-backed Dinar has revalued in-country, with rates confirmed at $3.49 in Iraq and $3.28 in Kurdistan. Rumors swirl that Vietnam’s Dong has followed suit, with classified rates already circulating. Tier 4b (that’s us!) is on high alert. Reno has received the green light, and redemption centers are locked and loaded. Trusted insiders confirm the Quantum Financial System (QFS) is fully operational, standing by 24/7 to bypass the corrupt banking systems. The trigger could be pulled at any moment—weekday, weekend, it doesn’t matter. https://x.com/nesaragesara0/status/1868321159671877693?s=46

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Tues. 17 Dec. 2024: Prepare for your GCR Exchange/Redemption Appointment:

Have two photo IDs to present at your exchange.

Count, organize and have copies of your currency and/or Zim

Write down a password that you can use to identify your personal Quantum Account.

If you want to immediately purchase a large item such as a home, have the specific information written down for a Proof of Funds Letter.

If you have a Humanitarian Project:

Have two copies of a 3-4 page write up of your Project, one to give to them, one to keep

Be prepared to give a short summary and a 5-8 min. presentation of your Project.

Know how long your project will last (20-50-100 years?) in order to determine your payout

Know how many people it can employ.

Know how much money you will need for the first 90 days of your Project.

Read full post here:  https://dinarchronicles.com/2024/12/18/restored-republic-via-a-gcr-update-as-of-december-18-2024/

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

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

Mnt Goat   I am told by my CBI contact that if it is successful after monitoring for inflation, then if all is good, the CBI will launch the Project to Delete the Zeros and we know what comes next. They will have too also launch the new peg of the IQD to the new basket of currencies.  Are you happy yet?

Militia Man  Iraq has massive amount of assets...  Article:   "After the great achievement Iraq efforts to cover a third of the general budget of tourism imports"  What are we talking about?  Non-oil revenue stream.  This is big you guys.  Its impact is going to be a massive boom for Iraq.  That's a lot of money...In the past it's been 95% of oil pays for all the budget.  This article is telling you they're going to cover a third of the general budget with tourism revenue.

Dollar Hit Historic Peak: Massive Market Rotation In 2025 | Tavi Costa

David Lin:  12-17-2024

Tavi Costa, Portfolio Manager of Crescat Capital, discusses the peak of the U.S. dollar cycle, and its market consequences.

0:00 - Intro

2:25 - Market sentiment

 4:54 - Peak of the dollar

 13:40 - Capital rotation

15:00 - Government spending

18:24 - Death of the Dollar

22:09 - Gold and the dollar

23:30 - Bullish assets from lower dollar

26:06 - Tariffs

28:12 - Investing in Latin America

31:15 - The new role of monetary policy

37:40 - Bond yields

 39:10 - Mining stocks

https://www.youtube.com/watch?v=5zVp0yGxfDQ