“Tidbits From TNT” Thursday Morning 12-19-2024

TNT:

Tishwash:  In Jordanian Dinar and Saudi Riyal..Iraq expands foreign transfers with new currencies

The Central Bank of Iraq announced, on Thursday, the expansion of external transfer channels for local banks, to include new currencies other than the dollar, namely: the Jordanian dinar and the Saudi riyal.

The bank also decided to allow Iraqi banks to finance trade with Turkey in euros, after it was previously restricted to use with European Union countries, in addition to transfers available in US dollars, Emirati dirhams, Chinese yuan and Indian rupees.

The bank explained in a statement today that "this step comes within its efforts to expand foreign trade financing options in various currencies and channels, and the bank has begun taking the necessary measures to meet banks' requests in these currencies."

The statement also indicated that "this expansion in the foreign transfer channels provides transfer operations at the official price, and aims to streamline the transfer and involve a greater number of banks in foreign transfer operations, and expand the horizons of economic cooperation between Iraq and other countries, especially in light of the bank's efforts to find other channels to meet the volume of demand for various foreign currencies according to Iraq's dealings with those countries."

The bank confirmed that "a smooth transition took place during 2024 from the electronic platform to directly approved correspondent banks, and thus the Central Bank achieved a fundamental transformation in line with international banking practices, and this transition is widely praised." link

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Tishwash:  Central Bank of Iraq expands foreign transfers with new currencies

The Central Bank of Iraq announced the expansion of foreign transfer channels for local banks to include new currencies: the Jordanian dinar and the Saudi riyal, and allowing Iraqi banks to finance trade with Turkey in euros after it was previously limited to using them with European Union countries, in addition to transfers available in US dollars, Emirati dirhams, Chinese yuan and Indian rupees.

The bank explained that this step comes within its efforts to expand foreign trade financing options in various currencies and channels, and the bank has begun taking the necessary measures to meet banks' requests in these currencies.

The Central Bank indicated that this expansion in foreign transfer channels provides transfer operations at the official price, and aims to streamline transfers and involve a greater number of banks in foreign transfer operations, and expand the horizons of economic cooperation between Iraq and other countries, especially in light of the bank's efforts to find other channels to meet the volume of demand for various foreign currencies according to Iraq's dealings with those countries.

It is worth noting that a smooth transition took place during 2024 from the electronic platform to directly accredited correspondent banks, thus the Central Bank achieved a fundamental transformation in line with international banking practices, and this transition is widely praised.

Central Bank of Iraq
Media Office
December 19, 2024  link

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Tishwash:  Iraq Stock Exchange: Global Aspirations Amidst Internal Challenges

Financial markets are one of the modern economic pillars through which savings are directed towards investment, in addition to expressing the strength and stability of the economic stability in any country. Therefore, activating and developing the stock market is considered one of the basic matters that will help achieve development in Iraq, as it will provide investors with greater opportunities to invest in stocks and achieve profits.

However, the Iraqi Stock Exchange, when compared to the markets of neighboring countries, is considered small in terms of trading value, as foreign investors’ confidence in the Iraqi market is still low due to unstable political and economic factors, as well as administrative and legal procedures that hinder the opening of accounts for foreign investors and the transfer of profits.

The market was established in 1992 under the name of the Baghdad Stock Exchange pursuant to Law No. 24 of 1991. After 2003, its name was changed to the Iraq Stock Exchange. It was governmental and at that time was able to list 113 Iraqi private and mixed joint-stock companies.

Weakness of industry and agriculture

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, said in an interview with Shafaq News Agency, "Iraq inherited a one-sided economy that lives on oil revenues due to half a century of wars, conflicts, siege and economic isolation."

He added, "Unfortunately, the two most important sectors that form the backbone of the stock market's diversity are industrial manufacturing companies, agricultural companies, and the logistics companies associated with them, and these two sectors are very weak."

He continues, "The agricultural and industrial sectors only constitute 6 to 7% of the gross domestic product, and most of their activity is individual and non-contributing. It is natural for the market to follow the trend of the overall economy and its nature in terms of the degree of diversity."

Saleh points out that “the banks’ share in the stock market dominates more than 50% of the market’s activity, and there are commercial activities associated with it. This is due to the liberalization of the national economy with high liberalism that transformed the single-rent economy into a consumer market economy linked to external supply chains due to the high financing leverage provided by oil revenues and the operating expenses associated with them.”

He stressed that "the new economic policy of the state is based on a productive partnership between the state and the private sector to raise the levels of economic diversity. Therefore, the strength of the stock market is undoubtedly linked to the strength of economic diversity in our country."

Limited market hours

The broker in the Iraqi Stock Exchange, Mohammed Madloul, said in an interview with Shafak News Agency, "The Iraqi market is still backward compared to the countries of the region. For example, Egypt and the Emirates have a price tape for stocks that remains open for 24 hours in public squares and streets, and any citizen can buy company shares from outside the market. However, the situation in Iraq is limited to specific hours, and the market ends between the seller and the buyer during these hours."

He added, "The value of shares of some listed companies is being traded at prices lower than the dinar so far, which represents an image of the small size of investment that the market is suffering from," adding that "the market value of banking sector companies increased from 6.88 trillion Iraqi dinars in 2021 to reach 10 trillion dinars in 2024."

Small market

Economic expert Dhurgham Muhammad Ali said in an interview with Shafaq News Agency, "The Iraqi market is still small due to the lack of large companies and a strong private sector in Iraq, and thus the market's performance reflects the weakness of the various Iraqi development sectors and the public's weak confidence in it."

He explained that “trading in the market is still technically less than its Gulf counterparts, and we lack sound management of investment portfolios, and the value and volume of the stock exchange’s performance is directly proportional to the efficiency of the companies whose shares are listed on it, in addition to the weakness of brokerage firms and the restrictions imposed by the market on their work and the weak influence of the Securities and Exchange Commission, the supervisor and legislator of the local stock exchange.”

Smart devices for the market

For his part, the Executive Director of the Iraq Stock Exchange, Taha Ahmed Abdul Salam, pointed out in an interview with Shafak News Agency, that "economic and political stability play an important role and the future vision of joint-stock companies."

He explained that "the number of joint-stock companies in the market has increased from 105 to 107 companies, and we are working on listing new companies, which all play a role in attracting new investors."

He added, "The Iraqi market signed a contract with the Egyptian Stock Exchange to use OMS, which allows users to trade via smart devices, and we expect it to be launched in June or July of next year."

The Iraqi Stock Exchange is expected to witness a significant increase in the coming months and years, especially with the improvement in the revenues of the listed companies and the development of their businesses, which makes it a market capable of attracting domestic and foreign investments  link

Mot: And the Same ole Earl!!! 

Mot: ... Getting those Letters Sent in EARLY!!!! 

MilitiaMan & Crew-Iraq Dinar News-Electronic Transfers-Shocks to Parallel Market-United Nations-IMF-Praise Iraq

MilitiaMan & Crew-Iraq Dinar News-Electronic Transfers-Shocks to Parallel Market-United Nations-IMF-Praise Iraq

12-18-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=QDry3YCfW8k

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

Good evening Dinar Recaps,

EL SALVADOR SECURES IMF DEAL AS BITCOIN ACCEPTANCE TURNS VOLUNTARY

The $1.4 billion IMF agreement establishes voluntary Bitcoin acceptance in the private sector while limiting public sector involvement.

▪️El Salvador reached a $1.4 billion agreement with IMF making Bitcoin acceptance voluntary.

▪️The deal includes fiscal measures and expects $3.5 billion additional financing from World Bank and regional banks.

El Salvador has secured a $1.4 billion agreement with the International Monetary Fund (IMF), marking a shift in the country’s crypto policies by making Bitcoin acceptance voluntary.

The agreement, which requires IMF Executive Board approval, includes fiscal consolidation measures targeting a 3.5% improvement in the primary balance over three years.

El Salvador’s public debt, which reached 85% of GDP in 2024, is expected to decrease under the program.

The deal anticipates additional financing of $3.5 billion from the World Bank and regional development banks to support the country’s economic reforms.

As part of the agreement, El Salvador will reduce Bitcoin’s role in its economy.

The government plans to make private sector adoption of Bitcoin voluntary while limiting public sector involvement.

Taxes will only be accepted in US dollars, further scaling back Bitcoin’s official use.

Officials will also gradually wind down the state-backed Chivo e-wallet operations and restrict Bitcoin-related transactions.

The announcement coincides with Bitcoin’s price decline to just above $100,000, following its recent all-time high of $108,000, as markets react to the Federal Reserve’s hawkish stance on interest rates.

El Salvador’s economy shows resilience amid these changes, benefiting from strong remittances, growing tourism, and improved security conditions.

@ Newshounds News™

Source:  Crypto Briefing

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HONG KONG'S HASHKEY GROUP LAUNCHES ETHEREUM LAYER 2 HASHKEY CHAIN ON MAINNET

▪️HashKey Group has launched its Ethereum Layer 2 HashKey Chain on mainnet.

▪️HashKey joins other crypto firms like Coinbase and Kraken in building their own Layer 2 networks using the OP Stack.

HashKey Group has launched HashKey Chain on mainnet just eight months after first announcing plans to introduce its own Ethereum Layer 2.

HashKey Group is a Hong Kong-based regulated digital asset financial services provider offering trading, asset management, custody and blockchain ecosystem solutions.

During the testnet phase, which began on Nov. 11, the firm claims that HashKey Chain generated nearly 25 million transactions, registered more than 860,000 wallet addresses and achieved 400 transactions per second under test conditions.

A total of 50 projects were successfully deployed, with 300,000 community members actively participating, it said in a statement shared with The Block.

Similar to Coinbase’s leading Layer 2 network Base and Kraken’s upcoming Ink, HashKey Chain joins the broader Ethereum ecosystem as part of the Superchain — a network of interoperable Layer 2 blockchains built using Optimism's OP Stack, which enables seamless communication and scalability across networks.

Other projects, including OP Mainnet itself, Zora and Worldcoin, have already deployed Layer 2s on the Superchain, with the decentralized exchange Uniswap unveiling its own Unichain optimistic rollup plans in October.

“Leveraging the latest OP Stack and rollup technology, we have expanded network capacity to deliver a smoother user experience,” HashKey Eco Labs CEO Kay Lu said. “This also creates a secure, efficient, and developer-friendly environment for building transformative decentralized applications on a compliant and innovation-driven public chain.”

@ Newshounds News™

Source:  The Block

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🌱THE REPUBLIC CITIZENSHIP #SOVEREIGNTY  |  Youtube

Mason on Citizenship

@ 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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Thank you Dinar Recaps

Cliff-side Villa - $10M In The Bank — With No Heirs. Who Should Get My Fortune?

I’m 79, Live In A Cliff-side Villa In California And Have $10M In The Bank — With No Heirs. Who Should Get My Fortune?

Christy Bieber  Tue, December 17, 2024   Moneywise

A 79-year-old in a villa with $10 million in the bank has a very large potential legacy to leave — but what if there's no obvious person to leave it to?

In His Situation, You Must Take Action.

You need to make an estate plan. Otherwise, default intestacy laws apply. These kick in when someone dies without a will. The law dictates who will inherit, starting with closest relatives and proceeding to more distant relations. However, if no relatives are found, the funds could go to the state.

So how to find a place to leave $10 million after you’re gone? It’s a good problem to have. Read on to find out some potential solutions.

Why wait until you die?

First things first: Remember you do not have to wait until you die to give money away.

Of course, you’ll want to make sure you have plenty of funds to live on and cover medical costs that could climb as you get older. However, $10 million plus a cliffside villa means you have more than enough to provide for yourself for the rest of your life.

Rather than waiting until you pass on, why not do something with that cash now? If you have the interest, time and desire, you could start a charitable foundation of your own. Or you could do things like arrange a scholarship fund with your alma mater, fund a project for a cause you care about, or do anything else you desire.

With a fortune as large as yours, you could contribute an endowment fund to a university, arts organization, research center or other institution. That would allow your investment to grow over time and continually be put back into the community in perpetuity.

Giving a gift to a charity now rather than after you die would allow you to see the benefits of your contributions in real time. That could be one of the best uses of your funds.

Read more: I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 3 of the easiest ways you can catch up (and fast)

Use The Right Estate Planning Tools

Whether or not you decide to give away some cash before you die, the fact remains that you're likely to still pass on with a lot of money left over. If that's the case, working with an estate planning lawyer to decide what to do with it is likely the best move.

TO READ MORE:  https://finance.yahoo.com/news/m-79-live-cliffside-villa-114400951.html    

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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Thank you Dinar Recaps

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