News, Rumors and Opinions Thursday 12-19-2024
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 Thurs. 19 Dec. 2024
Compiled Thurs. 19 Dec. 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Wed. 18 Dec. 2024 TNT: Yes, we are going to get paid.The RV is still going.
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 Thurs. 19 Dec. 2024
Compiled Thurs. 19 Dec. 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Wed. 18 Dec. 2024 TNT: Yes, we are going to get paid.The RV is still going.
Banks are awaiting a memo from the Feds. that the Feds will send out this afternoon. It will (allegedly) go between now and Friday 19 Dec.
Everyone is waiting for the RLUSD Digital currency to go live.
The new rates are still there and live. VIPs are still exchanging.
Everyone is sitting in New York and not leaving until this is live – between now and Saturday morning.
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Wed. 18 Dec. 2024 Wolverine: “I have talked to Paymasters and Reno. It’s all coming before Christmas. Platforms have to be closed by Friday, so it should be released between now and Saturday Morning. Please get ready as we are about to go warp speed. This is real this time and no rumor or hopium. It’s been very hard on me to do this for all of you as I’ve had sleepless nights trying to get information for all of you.
All platforms need to be close off by tomorrow or latest by Saturday so they can start releasing those funds. We are now at the cusp of this so I want everyone to remain close to God and give him thanks for everything that is coming. That opera will come out tomorrow by the grace of God.
Thank you for all the support you have given me and above all I like to thank my wife who has been a tremendous support to me as she has always said to me that I should never give up as she knew this was for the rescue of humanity. I also like to thank God above all else for giving me the strength to continue on and never given up. I will receive a call tomorrow but I don’t know what time so I can release the opera. Get ready everyone God bless everyone Your friend Wolverine
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Wed. 18 Dec. 2024 Fed Chair Jerome Powell: Jerome Powell’s URGENT News For XRP, HBAR and XLM Holders (SHOCKING)
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Global Financial Crisis:
On Wed. 18 Dec. 2024 the Dow tumbled more than 1,100 points and marked its longest losing streak since 1974.
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The Real News for Wed. 18 Dec. 2024:
Wed. 18 Dec. 2024: WOW Buried in the 1500 page spending bill is a 40% PAY INCREASE FOR CONGRESS. Members of Congress salary will be increased from $174,000 to $243,000 per year.
Mon. 16 Dec. 2024: BREAKING!! NESARA’S SECRET ROLLOUT EXPOSED: THE GOLDEN AGE IS HERE! …Nesara/Gesara on Telegram
What’s Next?: Debt forgiveness, universal income, and a gold-backed currency are on the horizon. Public announcements by NESARA-aligned leaders will signal the start of a new era. The elites are crumbling, and the golden age is within reach.
Read full post here: https://dinarchronicles.com/2024/12/19/restored-republic-via-a-gcr-update-as-of-december-19-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man The dollar auctions are what's the problem. That's where the corruption is and that's about ready to go bye-bye because [Alaq] said he's getting rid of the black market. The things he's doing is naturally gradually getting it done. I think by changing the exchange rate with Article 12 in the Gazette, budget being exposed we're going to find out...They're not paying salaries and not reopening the oil after losing $20 billion to keep the exchange rate at 1310. That doesn't make sense to anybody...
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...
Why Did Fed Crash Markets Today (Wednesday) ? ‘Something Is Going To Break’ | Komal Sri-Kumar
David Lin: 12-18-2024
Komal Sri-Kumar, President of Sri-Kumar Global Strategies, discusses the latest FOMC decision and why equities tanked in response.
0:00 - Market reaction to Fed rate cut
6:00 - Pause in 2025
8:30 - Inflation outlook
11:30 - Tariffs and inflation
16:35 - Labor market
21:00 - Rate cuts and economic growth
23:20 - QT and QE
24:38 - Treasury yield outlook
28:00 - Are stocks signalling recession?
29:20 - Geopolitical risks
32:40 - Deficit reduction
34:16 - Investment opportunities
35:35 – DXY
Iraq Economic News And Points To Ponder Thursday AM 12-19-24
Get Ready.. The Exchange Rate Is On Track For A New Rise: The Dollar Selling Platform Will Stop And “The Shock Is Coming”
Economy 12-17-2024, 15:38 |Baghdad today – Baghdad Economic affairs specialist Nasser Al-Tamimi warned today, Tuesday (December 17, 2024), of a rise in the dollar exchange rates in Iraq in the coming days.
Al-Tamimi told “Baghdad Today” that “there are real fears in the Iraqi market about the continued rise in dollar exchange rates after the platform was suspended by the Central Bank of Iraq,” noting that “this matter will constitute a shock, especially at the beginning of the implementation of the decision and will push for a rise.”
Get Ready.. The Exchange Rate Is On Track For A New Rise: The Dollar Selling Platform Will Stop And “The Shock Is Coming”
Economy 12-17-2024, 15:38 |Baghdad today – Baghdad Economic affairs specialist Nasser Al-Tamimi warned today, Tuesday (December 17, 2024), of a rise in the dollar exchange rates in Iraq in the coming days.
Al-Tamimi told “Baghdad Today” that “there are real fears in the Iraqi market about the continued rise in dollar exchange rates after the platform was suspended by the Central Bank of Iraq,” noting that “this matter will constitute a shock, especially at the beginning of the implementation of the decision and will push for a rise.”
The dollar, to increase demand for it in the parallel market.” He added,
"After stopping the platform, most merchants, especially small ones, will rely on the parallel market to finance their foreign trade, while continuing to finance trade with Iran and Turkey with dollars, in illegal ways," pointing out that
"this is what will push the rise and that is why practical steps must be taken to prevent This is done by the monetary authority in the country, and urgently.”
On Wednesday (September 4, 2024), the Central Bank of Iraq revealed the mechanism for ending the electronic platform for external transfers, while indicating that placing external transfer operations and meeting requests for the dollar is on sound paths and consistent with international practices and standards. The bank said in a statement received by “Baghdad Today” that
“the electronic platform for external transfers managed by the Central Bank of Iraq began at the beginning of 2023 AD as a first stage to reorganize financial transfers in a way that ensures proactive control over them instead of subsequent control through the Federal Reserve auditing daily transfers.”
This was an exceptional measure, as the Federal Reserve does not usually undertake this, and
a gradual shift was planned towards building direct relationships between banks in Iraq and foreign correspondent and accredited banks, with an international auditing company mediating this. By pre-scrutinizing transfers before they are executed by correspondent banks. He added,
"During the year 2024 and until now, 95% of the transfer process has been achieved from the electronic platform to the direct correspondent banking mechanism between it and the Iraqi banks.
This means that only about 5% of it remains inside the platform, which will be transferred through the same mechanism before the end of this year." year and according to the plan,” explaining that
“some expectations about possible effects on the exchange rate and transfer operations are unfounded, because the process will not happen suddenly or in one batch at the end of this year, but rather it was already achieved during the period.”
"With effort and careful follow-up, the remaining small percentage will be completed in the next short period." He stressed that "trade with the United Arab Emirates, Turkey, India, and China represents about 70% of Iraq's foreign trade as (imports),
which called on the Central Bank of Iraq to find channels for transfer in the currencies of the euro, the Chinese yuan, the Indian rupee, and the Emirati dirham, via correspondent banks." approved in those countries, and
(13) Iraqi banks have already begun conducting transfer operations with a pre-audit mechanism that has been agreed upon and approved, in addition to transfers in the dollar currency.”
He continued: “With the provision of channels for personal transfers for legitimate purposes and foreign purchases through electronic payment channels and international money transfer companies,
cash sales to travelers, and payment of cash dollars for incoming transfers to the destinations and purposes specified in the Central Bank’s published instructions.”
The Central Bank of Iraq stressed that it has “put external transfer operations and meeting requests for the dollar on sound paths and are consistent with international practices and standards and the law on combating money laundering and the financing of terrorism,” explaining that
“providing the aforementioned channels for all purposes at the official price of the dollar makes this price the real indicator of practices.”
This is proven by the reality of price stability and inflation control, and any other price that is traded outside these channels is considered an abnormal price that is resorted to by those who resort to non-fundamental or illegal practices who stay away from official channels in their dealings.
They alone bear the additional costs by purchasing at a higher price than the official price, in order to deceive others about the difference between the official price and others.” https://baghdadtoday.news/264127-استعدوا.-سعر-الصرف-على-موعد-مع-ارتفاع-جديد-منصة-بيع-الدولار-ستتوقف-والصدمة-قادمة.html
Iraq is outside the list of major countries holding US bonds
Money and business Economy News - follow up The US Treasury Department 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 that hold US bonds, after last year it was ranked among the top holders with a holding amounting to $32.6 billion.
The report indicated that “Japan topped the list of major countries in possession of US bonds, as its possession amounted to $1.123 trillion, followed by China in second place with a possession of $772 billion, while the United Kingdom came third with $764 billion, and the Cayman Islands came fourth with $420 billion.”
Luxembourg is fifth with $417 billion, and Canada is sixth with $370 billion.
The report indicated that Saudi Arabia was the only Arab country that maintained its position among the 20 largest holders of US bonds, as its holding amounted to $143.9 billion.
The report indicated that the total holdings of US bonds around the world amounted to 8 trillion and 872 billion dollars in September.
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 past years, many Arab and foreign countries, including Iraq, owned large amounts of these bonds, and
over time, Iraq's possession of American bonds decreased until it fell out of the list of the top 20 countries holding these bonds. views 249 https://economy-news.net/content.php?id=51026
The Central Bank Expands External Transfer In New Currencies
Thursday 19, December 2024 11:24 | Economical Number of readings: 81 Baghdad / NINA / The Central Bank of Iraq announced the expansion of external transfer channels for local banks,
to include new currencies: the
Jordanian dinar and the
Saudi riyal, and to
allow Iraqi banks to finance trade with Turkey in the euro, after it was limited to use with European Union countries, in addition to transfers available in currencies.
US dollar,
UAE dirham,
Chinese yuan and
Indian rupee.
The bank explained in a statement:
“This step comes as part of its efforts to expand options for financing foreign trade in various currencies and channels,” indicating that it has begun taking the necessary measures to meet banks’ requests in these currencies. He pointed out:
“This expansion of external transfer channels
provides transfer operations at the official rate, and
aims to streamline the transfer and
involve a larger number of banks in external transfer operations, and
expand the horizons of economic cooperation between Iraq and other countries,
especially in light of the bank’s endeavor to find other channels to meet the volume of The demand for various foreign currencies according to Iraq’s dealings with those countries.” / End 3
https://ninanews.com/Website/News/Details?key=1175491
Specialists Suggest Restructuring Some Banks Similar To Government Ones
Economical 12/19/2024 Al-Sabah: Hussein Falih Experts and specialists in financial and banking affairs stressed the need to redouble efforts aimed at restoring customers’ confidence in banks, stressing that
this step would absorb the accumulated cash mass and increase the volume of deposits,
calling at the same time for the restructuring of some private banks similar to government ones.
Financial advisor Abdul Rahman Al-Sheikhli told Al-Sabah:
The Iraqi banking system was suffering from many problems, especially before 2003 as a result of the lack of private banks,
but after 2003 work expanded to establish many banks, but
most of them did not keep pace with international systems and standards, so it was You suffer from a lot of problems. Al-Sheikhly added that
restructuring
during the last year and a half, specifically after the imposition of US Federal sanctions on some banks, all of them began seeking to restore their status in a manner consistent with international standards, stressing the
necessity of restructuring some banks in order to be supported by international standards. The financial advisor pointed out the
Hoarding money
necessity of restoring trust between the banking institution and the customer, as
it was lost a long time ago,
which prompted citizens to hoard their money outside banking channels for the purpose of preserving its timely disposal, because
some private banks due to
circumstances beyond their control,
mismanagement, and
other matters.
It kept the citizen away from the banks. The spokesman pointed out
Electronic systems
the necessity of
moving completely towards automation and the
use of modern electronic devices in a manner commensurate with the large size and responsibility undertaken by banking institutions, stressing that
in the recent period these banks have begun to change their work towards electronic systems according to the government’s directions. Al-Sheikhli explained that the
Sound system
Prime Minister recently focused on a very important aspect, which is
restructuring government banks, first, and
then private banks, where
government banks began, especially in the Rafidain Bank, and the
completion rate for this project reached the range of 74 to 75 percent, and
what remains is only less than 25 percent and perhaps It will be completed soon, so
we will have a wonderful model of a very sound banking system that we can adopt and emulate in other banking institutions.
Serious steps
For his part, the expert in financial and banking affairs, Mustafa Akram, said in an interview with “Al-Sabah”: The government has begun serious steps to rehabilitate and develop the Iraqi banking system, as most banks, especially private ones, suffer from backwardness as a result of monetary policies, indicating that the government has focused on
automating the work of banks and introducing a
system Electronic payment in order to develop the Iraqi banking system.
Digital transformation
It is noteworthy that the Association of Private Banks recently announced an increase in deposits in the banking sector during the last two years, while indicating the government’s great interest in the recent period regarding digital transformation in general and the shift towards an electronic payment system, and that “during the last two years deposits in the banking sector increased,
Nearly 75 percent of the monetary mass is outside the banking system and requires a great effort to motivate citizens, companies, and institutions to use the banking system more, which is what is currently happening, but this type of work needs to be accelerated to control financial operations in Iraq. https://alsabaah.iq/107455-.html
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Thursday Morning 12-19-24
Good Morning Dinar Recaps,
GERMANY’S DEKABANK LANDS CRYPTO CUSTODY LICENSE
Germany’s DekaBank has received a bank crypto custody license from German regulator BaFin and the European Central Bank (ECB). We believe Commerzbank was the first German bank licensed last year. However, other major banks have not received licenses, including DZ Bank.
BaFin has issued another 11 crypto custody licenses, mainly for crypto firms. One of them is the digital asset custody subsidiary of Hauck Aufhäuser Lampe Privatbank.
Good Morning Dinar Recaps,
GERMANY’S DEKABANK LANDS CRYPTO CUSTODY LICENSE
Germany’s DekaBank has received a bank crypto custody license from German regulator BaFin and the European Central Bank (ECB). We believe Commerzbank was the first German bank licensed last year. However, other major banks have not received licenses, including DZ Bank.
BaFin has issued another 11 crypto custody licenses, mainly for crypto firms. One of them is the digital asset custody subsidiary of Hauck Aufhäuser Lampe Privatbank.
The difference with DekaBank and Commerzbank versus the crypto firms is they are licensed under the Banking Act (KWG).
This is DekaBank’s second new license this year. In July it received a license as a crypto securities registrar for the German issuance of DLT-based digital securities. These crypto securities don’t require a central securities depository (CSD) for issuance.
DekaBank is very active in the digital asset space. It is the founder of SWIAT, the blockchain platform for digital securities in which Standard Chartered and LBBW are also investors. In September Siemens used the platform to issue a €300 million digital bond.
Our understanding is that a crypto custody license is not needed for crypto securities, but is required for cryptocurrencies.
As part of the announcement, DekaBank said this allows the bank to operate throughout Europe under the EU’s MiCAR crypto legislation.
A MiCAR holdup?
We’ve previously reported that there’s a bit of a challenge with MiCAR for German institutions. In October 2023 a draft version of the Supervision of Crypto Markets Act (KMAG) was introduced. It’s the piece of legislation that supplants Germany’s old crypto rules with MiCAR. The problem is this legislation has not been passed and with the collapse of the German ruling coalition, it’s not likely soon.
Hence, while in theory DekaBank’s license will allow it to operate in the EU, we believe that may be subject to the passage of the KMAG law. We contacted DekaBank to confirm, but didn’t receive a response in time for publication.
@ Newshounds News™
Source: Ledger Insights
~~~~~~~~~
XRP LAWSUIT: JOHN REED STARK SAYS JUDGE TORRES WAS ‘MISTAKEN,’ SLAMS RIPPLE DECISION
The legal battle between Ripple and the SEC has been gaining momentum as the January 15 hearing approaches. John Reed Stark, a former SEC enforcement official and crypto skeptic, recently appeared on Docket Media LLC podcast and opened up about the historic Ripple decisions. He said that the Ripple ruling doesn’t provide broad legal clarity and should only be applied to cases with similar specific facts.
He criticized the Ripple decision, claiming that many people misunderstand the ruling, likely because they haven’t fully read it. He argued that Judge Torres was ‘mistaken on multiple counts, a view shared by other judges who have reviewed the case.
“There’s so many things about the Ripple decision that people get entirely wrong because I don’t think they read it. It’s completely… it’s respectfully to Judge Torres, I think she was mistaken on multiple counts, as does Judge Rakoff and every single other judge that has looked at that decision (thought),” he said.
Stark pointed out that the Ripple decision was twofold. First, he agreed that the initial offering of XRP tokens to sophisticated investors should have been registered as securities to protect those investors. However, Stark disagreed with the decision when it came to the secondary market, where XRP was traded on exchanges.
‘Ripple Decision Created Confusion’
He argued that the lack of a direct relationship between Ripple and retail investors meant they weren’t protected, which he believes is an unfair argument. Stark compared it to buying stocks in companies, where investors don’t have a direct contractual relationship with the company but are still protected under securities regulations.
Stark also criticized the Ripple decision for creating confusion, especially after pro-crypto companies began citing it to argue that tokens were not securities. In response, the SEC sought an interlocutory appeal, hoping to stop the ongoing proceedings. However, the judge rejected the SEC’s request, stating that the Ripple decision could not be used as precedent unless the exact same circumstances were present.
@ Newshounds News™
Source: CoinPedia
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Thank you Dinar Recaps
“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.
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……..
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……..
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.
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
~~~~~~~~~
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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Source: Seeds of Wisdom Team RV Currency Facts
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Cliff-side Villa - $10M In The Bank — With No Heirs. Who Should Get My Fortune?
I’m 79, Live In A Cliffside 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.
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.
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!
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.
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.
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."
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
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.
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
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.
*****************************************
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.
*****************************************
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
Bruce’s Big Call Dinar Intel Thursday Night 12-12-24 REPLAY LINK Intel begins 56:16 https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHLNt
Bruce’s Big Call Dinar Intel Tuesday Night 12-10-24 REPLAY LINK Intel Begins 1:18:18
Bruce’s Big Call Dinar Intel Thursday Night 12-5-24 REPLAY LINK Intel begins 1:08:50
Bruce’s Big Call Dinar Intel Tuesday Night 12-3-24 REPLAY LINK Intel Begins 1:16:12
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
Bruce’s Big Call Dinar Intel Thursday Night 11-2124 REPLAYLINK Intel begins 1:10:20
Bruce’s Big Call Dinar Intel Tuesday Night 11-19-24 REPLAY LINK Intel Begins 1:12: 21
Bruce’s Big Call Dinar Intel Thursday Night 11-13-24 REPLAY LINK Intel Begins 1:04:54