MarkZ, Chats and Rumors Dinar Recaps 20 MarkZ, Chats and Rumors Dinar Recaps 20
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Well good morning to all today….. the question of the day will it happen tomorrow
Member: Feels like Groundhog Day every day.
Member: Sure would be nice to know when this is coming.
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Well good morning to all today….. the question of the day will it happen tomorrow
Member: Feels like Groundhog Day every day.
Member: Sure would be nice to know when this is coming.
MZ: The news is staying consistent….We just want it now. There is nothing negative though….I am still hearing a lot of chatter about between now and the 15th. A lot of well- connected people still think this is a high possibility.
MZ: I thought this was interesting “ Iraq and Iran to create a new economic city.” This is similar with what China did when they were experimenting building new cites for new systems for economies, governments ect……They created enterprise zones like Shanghai and Hong Kong. I think this is great for Iraq and Iranian people….
MZ: “ BRICS confirms 159 participants and will adopt new payment system” So a new payment system for countries to get around the SWIFT system. And the launch is coming. Think about this…. …. The western banking system and SWIFT have ruled the world for quite some time. 159 countries stepping out of it….thats 3/4ths of the world leaving the SWIFT system…..and all of those commodities stepping out of that system …If you don’t think we are winning…you are not paying attention.
MZ: They have laid the groundwork…We are watching these nations aggregate the gold …and they are openly stating they will move to a gold backed system with 40% gold and 60 % a basket of currencies. Very much asset backed compared to what we have now.
Member: I wonder with all these countries going to a gold backed currency… why is the U.S. going to be the last one?
Member: If the rest of the world goes gold backed- The US will be forced to as well…or have no one to trade with……The rest of the world does not want worthless fiat moneybacked by nothing.
Member: Seen a commercial for TD for 5% interest on investment as we prepare to move to gold standard
Member: I heard many groups have received money but it’s not spendable yet?
MZ: I have heard some saying they have received money but not allowed to distribute it yet.
Member: That seems to confirm the “shotgun start”!!
Member: Is this our week Mark?
MZ: I pray this is our week. We don’t know for sure if it is or isn’t….but I will keep plugging no matter what.
Member: Mark a couple months ago you said that you thought this has "started" Do you still feel the same now?
MZ: I still absolutely think it has started.
Member: Mike Bara posted last night bonds are moving
Member: Could it be that it goes live at the start of the 4th quarter since it’s the new fiscal year ? Starts oct 1st.
Member: Kuwait say that they weren't reevaluating for a while and low and behold they revalued!!
Member: Mark, so many are running out of gas. Some are giving up. I don’t think many of us have much left in the tank
MZ: I hear you…..But the only option is to give up. I know in the end we win and fundamentals rule.
Member: I’ve been feeling beat (out of gas) too. But I re-grouped, prayed….Keep the faith and be open to receive hope.
Member: Giving up is not an option.
Meber: Thanks Mark and mods….Everyone enjoy your day
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
YOU CAN FOLLOWER ZESTER ON MONDAYS, WEDNESDAYS, AND FRIDAY AT 5:00 PM! ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANKS FOR JOINING. HAVE A BLESSED DAY!
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Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8
Your Bank’s Wealth Management Services Can Grow Your Assets — Here’s How
Yaël Bizouati-Kennedy Tue, September 10, 2024 GOBankingRates
Wealth management services offered by banks are generally reserved for high-net-worth individuals. While the minimum amount of investable assets varies by bank or institution, it’s typically at least in the hundreds of thousands of dollars — if not millions. These services encompass a wide range of financial planning, such as retirement, investment, taxes or accounting. In other words, these services help you grow your wealth.
Now, for mainstream consumers to get services and products normally reserved for high-net-worth customers it pays to speak up and ask for them, said Bobbi Rebell, CFP and personal finance expert at CardRates.com.
Your Bank’s Wealth Management Services Can Grow Your Assets — Here’s How
Yaël Bizouati-Kennedy Tue, September 10, 2024 GOBankingRates
Wealth management services offered by banks are generally reserved for high-net-worth individuals. While the minimum amount of investable assets varies by bank or institution, it’s typically at least in the hundreds of thousands of dollars — if not millions. These services encompass a wide range of financial planning, such as retirement, investment, taxes or accounting. In other words, these services help you grow your wealth.
Now, for mainstream consumers to get services and products normally reserved for high-net-worth customers it pays to speak up and ask for them, said Bobbi Rebell, CFP and personal finance expert at CardRates.com.
“Be your own best advocate,” said Rebell. “For example, even if they don’t have the minimum balance, the consumer can point to their long history with the financial institution as a qualification for a higher status and the benefits that come with that.”
Rebell added that these individuals should also make sure they are fully aware of the services they are already entitled to because many people don’t use services they already qualify for simply because they are not advertised.
Here are services that can help you grow your assets, according to experts.
Check Different Savings Options Available
One of the best things you can do to leverage your bank’s wealth management resources is to gain a full understanding of all their product offerings and financial services, said Erika Kullberg, attorney, personal finance expert and founder of Erika.com.
To start, check out their different savings vessels to see which can offer you the best savings rates.
As Kullberg noted, some banks provide customers with access to traditional or high-yield savings accounts, money market accounts and certificates of deposit (CDs).
“While you take your time researching and making a long-term financial plan to grow your assets, keep your cash safe in whichever savings vehicle can help you grow your cash the fastest,” she said. “Often this is a CD, but that also makes your money less accessible. You need to balance growth with liquidity.”
Look At Investment and Brokerage Accounts
As Cliff Ambrose, FRC, founder and wealth manager at Apex Wealth noted, leveraging your bank’s wealth management services can be a powerful way to grow your assets and achieve your financial goals.
For instance, he said, banks offer a range of tools and products designed to enhance various aspects of your financial life.
These can include investment accounts such as individual retirement accounts (IRAs) and brokerage accounts, which can provide tax advantages and access to diverse investment opportunities.
https://news.yahoo.com/news/finance/news/bank-wealth-management-services-grow-150059799.html
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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8
Good morning Dinar Recaps,
UK Introduces Bill To Recognize Digital Assets As Personal Property
The UK government introduced the Property (Digital Assets etc) Bill to Parliament on September 11, 2024. The legislation aims to classify cryptocurrencies, non-fungible tokens, and digital carbon credits as personal property under English and Welsh law.
Classification of these digital assets as personal property, placing them in a new, third category alongside traditional "things in possession"(such as physical objects)and "things in action"(such as debts or shares).
This new classification acknowledges the unique nature of digital assets, which don't fit neatly into existing property law categories.
Good Morning Dinar Recaps,
UK Introduces Bill To Recognize Digital Assets As Personal Property
The UK government introduced the Property (Digital Assets etc) Bill to Parliament on September 11, 2024. The legislation aims to classify cryptocurrencies, non-fungible tokens, and digital carbon credits as personal property under English and Welsh law.
Classification of these digital assets as personal property, placing them in a new, third category alongside traditional "things in possession"(such as physical objects)and "things in action"(such as debts or shares).
This new classification acknowledges the unique nature of digital assets, which don't fit neatly into existing property law categories.
This marks the first time digital assets will be explicitly recognized in British property law.By recognizing digital assets as personal property, the bill would grant them legal protections similar to those afforded to physical assets. This change could significantly impact how digital assets are treated in various legal contexts, from ownership disputes to inheritance cases.
The legislation also aims to provide a framework for judges to navigate complex cases involving digital assets. The press release specifically mentions that this could prove valuable in scenarios like divorce settlements, where the division of digital holdings may be contested.
In a press release, Justice Minister Heidi Alexander stated, "It is essential that the law keeps pace with evolving technologies and this legislation will mean that the sector can maintain its position as a global leader in cryptoassets and bring clarity to complex property cases."
Long Road To Law Still Ahead
The bill is at the initial stage of the legislative process. It has been introduced in Parliament, which is a formality that takes place without debate. At this stage, the bill has no legal force. It is essentially a proposal for a new law.
Next steps
▪️Second reading: A general debate on the bill's principles
▪️Committee stage: Detailed examination and possible amendments
▪️Report stage: Further amendments may be proposed
Third reading: Final chance for debate and amendments
The other House: The bill goes through similar stages in the other chamber
▪️Royal Assent: If passed by both Houses, the bill receives Royal Assent and becomes law
The process can take months or even longer, depending on the complexity of the bill and the level of political consensus. The bill could pass as is, be amended during the process, or fail to become law if it doesn't gain enough support. If passed, the government will determine when different provisions of the Act come into force, which may be done in stages.
Crypto Laws Evolving Globally
According to an article from the World Economic Forum website, cryptocurrency regulation is undergoing significant changes worldwide. The UK is not alone in its efforts to create a legal framework for digital assets.
Many countries and regions, including the US, European Union, Japan, and Brazil, are actively developing or have already implemented regulations in this area. For example, the EU has introduced comprehensive crypto-asset regulation, while Brazil has appointed its central bank as the supervisory body for crypto assets.
The UK's initiative to recognize digital assets as personal property aligns with the global trend towards creating clearer legal frameworks for cryptocurrencies and other digital assets.
However, as highlighted above,the UK bill is only at the initial stage of the legislative process.
It is likely that international trends and experiences from other countries will be taken into account during the discussion and refinement of the bill. This could contribute to the creation of a more harmonized approach to regulating digital assets at a global level.
@ Newshounds News™
Source:Forbes
~~~~~~~~~
Layer 1 Blockchains: Overcrowded and Overhyped? The Real Story
▪️Layer 1 (L1) blockchains are rapidly emerging but struggle to gain market traction against established platforms. ▪️Developers are divided on L1 versus Layer 2 (L2) solutions, each offering unique benefits for scalability.
▪️L2 solutions may streamline the ecosystem, but L1 innovation remains essential to push blockchain technology forward.
The cryptocurrency industry has witnessed an explosion of Layer 1 (L1) solutions, each offering unique promises of scalability, decentralization, and improved user experience.
Yet, despite the rise in L1 platforms, many of the same challenges persist. With the growing popularity of Layer 2 (L2) solutions that address these scalability concerns, questions arise about the value of constantly launching new L1 blockchains.
BeInCrypto spoke to three key blockchain developers—Jack O’Holleran from Skale Labs, Charles Wayn from Galxe, and Matt Katz from Caldera—to unpack this issue. Their insights highlight the industry’s struggle with scalability, the rise of L2 solutions, and the fierce competition among both new and established L1 platforms.
The Layer 1 Glut: Solving or Exacerbating Problems?
L1 blockchains form the foundation of decentralized networks, powering decentralized apps (dApps) and protocols. Ethereum, Bitcoin, and a handful of other L1 chains dominate the market. Still, new contenders appear regularly, aiming to resolve blockchain’s most persistent challenges.
However, the influx of new L1 blockchains raises a critical question: Do we need more, or are we over-complicating the ecosystem without delivering real improvement?
Jack O’Holleran,co-founder of Skale Labs, believesthe L1 market has become overcrowded. He argues that while many L1 projects are emerging, only a few are gaining meaningful traction.
“The Layer 1 market has been crowded from a narrative and new token perspective, but a much smaller quantity of chains are actually executing in terms of market traction,” O’Holleran
O’Holleran pointed to metrics from CoinGecko, noting that the majority of developer and user momentum is consolidating around the top 10 blockchains. Even when a new L1 presents a novel solution, O’Holleran emphasizes thatit’s not enough to guarantee success.
“Right now, there is a struggle for new chains to get a foothold in the developer market. They are getting user traction via airdrop mechanisms but are having trouble capturing market share with net new applications,” O’Holleran told BeInCrytpo.
The competition in the L1 space has intensified, with new projects needing to be significantly better than existing ones to make an impact. O’Holleran believes we are at a point where only the strongest L1s will survive.
A Case for New L1 Blockchains
However, not everyone agrees that the market is oversaturated. Charles Wayn, co-founder of Galxe and Gravity, sees the proliferation of new L1 chains as a sign of innovation. His company recently launched its own L1 solution, Gravity, to address scalability challenges within its platform.
“The Layer 1 space has exploded, with many new blockchains entering the market,” Wayn said. According to him, these new L1 blockchains are not just redundant but bring scalability and specialization to the forefront.
“Older blockchains struggle with congestion and high fees, while newer L1s offer better throughput and transaction costs,” Wayn added.
Wayn also noted that some of these emerging L1s are incorporating advanced technologies like Zero-Knowledge Proofs (ZKPs), enhancing privacy and security. His perspective reflects the growing demand for niche or specialized L1 chains that address specific industry needs.
Gravity, for instance, focuses on cross-chain interactions, providing an omnichain infrastructure that general-purpose blockchains like Ethereum may not address as efficiently. For him, the introduction of new L1s keeps the development ecosystem agile and responsive to real-world challenges.
Layer 2 Solutions: The Future of Scalability?
While the debate over the need for new L1 blockchains continues, L2 solutions have become a popular alternative. L2 solutions aim to improve scalability by building on top of existing L1 chains, alleviating the need for entirely new blockchain infrastructures.
Matt Katz, co-founder and CEO of Caldera, advocates for L2 solutions. His company’s “rollup-as-a-service” platform helps developers quickly create L2 chains for Ethereum.
“Ultimately, the distinction between an L1 and an L2 primarily involves implementation details and affects the overall architecture of the blockchain,” Katz told BeInCrypto.
He believes that while L1s provide the foundation, L2 solutions offer developers more flexibility without the overhead of building an entirely new blockchain. Katz also highlighted the interoperability issues that many new L1 blockchains face.
“L1 blockchains, in contrast to L2 solutions, lack native, built-in bridges to Ethereum. This absence exacerbates the issue of liquidity fragmentation, introducing significant friction when bridging assets,” he said.
In contrast, L2 solutions benefit from built-in bridges that align with the security model of the chain, making them more efficient and secure. Despite his support for L2 development, Katz acknowledged that the influx of new L1s can harm the ecosystem. Too many L1s can lead to fragmentation, liquidity issues, and increased competition, which in turn can stifle innovation.
The Path Forward: L1 or L2?
The blockchain industry faces a critical decision: should the focus shift from launching new L1 blockchains to refining existing L2 solutions? Both approaches have their merits, and it’s clear that no single solution will address all scalability concerns.
O’Holleran argues thatthe market will naturally filter out weaker L1 chains, leaving only those that provide real value. Wayn, on the other hand, believes new L1 blockchains are essential for innovation, while Katz sees L2 solutions as a way to streamline the ecosystem.
Ultimately, the path forward will depend on how developers and users balance the need for innovation with the desire for a more scalable and interoperable blockchain ecosystem. Whether through L1 or L2 solutions, the goal remains the same: to build a blockchain infrastructure that can support the demands of a growing digital economy.
@ Newshounds News™
Source:BeinCrypto
~~~~~~~~~
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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20
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. 12 Sept. 2024
Compiled Thurs. 12 Sept. 2024 12:01 am ESTby Judy Byington
Judy Note: What we think we know as of Wed. 9-11 2024:
159 Sovereign Countries have now qualified to be part of the BRICS Nation’s Global Currency Reset to gold/asset-backed currencies, with more on the list asking to be considered.
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. 12 Sept. 2024
Compiled Thurs. 12 Sept. 2024 12:01 am ESTby Judy Byington
Judy Note: What we think we know as of Wed. 9-11 2024:
159 Sovereign Countries have now qualified to be part of the BRICS Nation’s Global Currency Reset to gold/asset-backed currencies, with more on the list asking to be considered.
Wed. 11 Sept. 2024 The EBS…Michael Jackson on Telegram
Alerts via the US Military: All militaries across the Globe would shut down all Media, Internet, Phones and TV programming. (Emergency services would remain active).
During that time the Internet and ATMs would not work and phones would only work for calling 911.
GESARA/NESARA would be activated.
~~~~~~~~~~~~~
Possible Timing:
Mon. 9 Sept. 2024: U.S. Greenlights Iraq’s International Status! https://youtu.be/ZNc5w6IM8iM?si=mQ8DY7KGi4hDBp9q
Reuters has announced that Iraq and the US have come to a preliminary troop withdrawal agreement that starts in Sept. 2024 and goes to Sept. 2025.
~~~~~~~~~~
Global Currency Reset: (Opinions/Rumors)
Tues. 10 Sept 2024 Wolverine: I assume everyone is excited as to what is happening, and hopefully by tomorrow I will be waking up with a rainbow next to my window.
There are certain things I cannot tell, as it is all confidential.
This is what we have been waiting for, for such a long time. All indicators are pointed to this week.
Iraq is already done, I suppose. The QFS is activated. All is ready to go.
Certain funds are liberated in Brazil. I have spoken to quite a lot of bondholders in Brazil they have confirmed that certain platforms are liberated.
The Pentecostal group is getting ready for this event, and every guest going to that event will get personal codes to activate their accounts, so they will have access to their funds. There are a lot of people going to Bogota and they will have a huge event there. The Pentecostal group that did not go to the event, like people like myself, will get their money in Mid-October, but I don’t care – I can wait.
I have been told that notifications may come out tonight, maybe midnight. They assured me they are coming through. They also told me, “Wolvie, get ready for that opera! We are going to give you a call to sing that opera with all your might! So it was an emotional call. We have all been through a lot together.
All is lined up for this week.
The German bonds and Dragon bonds will go first. If you have Dragon Bonds, you are absolutely blessed, and you may get paid tomorrow. It is a process. It does not mean just because you have not got it you will not get it.
The EBS might come at the time we get our blessing. We would probably go at nighttime with military escort so nothing can happen with us with military escort and do our exchange with a military escort. This may only be in America, not sure around the world.
Wait for notifications, they will tell you where you will have to go. All will be your notifications.
I’m very confident we will celebrate tomorrow! God bless you all…Wolverine
~~~~~~~~~~~~
Global Financial Crisis:
US bankruptcies are soaring, with 452 filings year-to-date, marking the second highest number in 13 years.
BRICS: Experts Says Largest US Crash has Started, Dollar’s in Danger: https://watcher.guru/news/brics-experts-says-largest-us-crash-has-started-dollars-in-danger#google_vignette
Wed. 11 Sept. 2024: The Big Bang Event: From Bay of Pigs Spark to Quantum GESARA Revolution – The Dawn of a N*************r – amg-news.com – American Media Group
Read full post here: https://dinarchronicles.com/2024/09/12/restored-republic-via-a-gcr-update-as-of-september-12-2024/
***************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat ...recently they have told us this electronic platform is going away at the end of 2024... corruption and money laundering is now all ending and has to end or we will not see any reinstatement. The instrument to do this is the Electronic Banking practices... Having the US Treasury inside of Iraq now helping with all these banking reforms is a VERY good thing not a negative issue. It is absolutely going to push the RV process for us...We might even say it is the LAST piece to put in place in the RV puzzle to clearly see the end to this RV saga.
Clare Article: "Iraq's financial revenues exceed 77 trillion dinars in 7 months of 2024" Quote: "The Ministry of Finance revealed on Tuesday that the size of Iraqi revenues in the federal budget during 7 months exceeded 77 trillion dinars, confirming that the oil contribution to the budget remains around 89%."
Understanding the Timeline for a VND Increase in Value
Edu Matrix: 9-12-2024
Understanding the Timeline for a VND Increase in Value. History documentary on Vietnam and the VND currency. The long journey to present-day events.
LIVE! (RATE CONTROL). A WORLD FINANCIAL SYSTEM MELTDOWN. ITS ALREADY HAPPENING!
Greg Mannarino: 9-22-2024
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Militiaman, News Dinar Recaps 20 Militiaman, News Dinar Recaps 20
Iraqi Dinar-iraq dinar-xrp-Baghdad-Kurdistan-Historical Meetings-Global Attention-Equivalency
MilitiaMan and Crew: 9-11-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Iraqi Dinar-iraq dinar-xrp-Baghdad-Kurdistan-Historical Meetings-Global Attention-Equivalency
MilitiaMan and Crew: 9-11-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
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News DINARRECAPS8 News DINARRECAPS8
When Will The Government Resort To Amending The Budget Law? An Economic Expert Explains
Time: 2024/09/11 Read: 1,118 times Economic: Al Furat News} The economic expert, Abdul Rahman Al Mashhadani, clarified the date of the government’s resort to amending the financial budget.
Al-Mashhadani told {Euphrates News} that: "Despite the decline in oil prices, Iraq does not face a problem in the 2024 budget, as 8 months of the fiscal year have passed, and the situation is normal with oil prices rising above $70 per barrel."
He added, "Also, the report issued by the Ministry of Finance for the first 6 months had total spending of 58 trillion dinars, while it was supposed to be 105 trillion dinars for the first half of the year."
When Will The Government Resort To Amending The Budget Law? An Economic Expert Explains
Time: 2024/09/11 Read: 1,118 times Economic: Al Furat News} The economic expert, Abdul Rahman Al Mashhadani, clarified the date of the government’s resort to amending the financial budget.
Al-Mashhadani told {Euphrates News} that: "Despite the decline in oil prices, Iraq does not face a problem in the 2024 budget, as 8 months of the fiscal year have passed, and the situation is normal with oil prices rising above $70 per barrel."
He added, "Also, the report issued by the Ministry of Finance for the first 6 months had total spending of 58 trillion dinars, while it was supposed to be 105 trillion dinars for the first half of the year."
Al-Mashhadani added, "The largest part of the spending was for operational expenses, which amounted to 53 trillion dinars, and 5 trillion for investment expenses, and the remaining 4 months of the year can pass easily and without problems, and salaries and wages are secured considering that oil revenues cover the need."
"In addition to the government's continued existence of financing means that it has not yet used, such as deficit financing means, which were planned to be 64 trillion dinars deficit, with the Central Bank contributing 22 trillion dinars of it, government banks covering 3 trillion and treasury bonds,
in addition to the existence of 14 trillion dinars in revolving surpluses, in addition to the existence of a legal authorization for the government to borrow domestically to secure its general budget, and this reassurance is present in 2024," Al-
Mashhadani pointed out. "If prices continue to decline and fall to higher levels of up to $55 per barrel or $60 in 2025, this will push the government to submit different data that will seek to reduce investment expenditures as happened in previous crises and stop the investment aspect, which is now considered to reach 45 trillion dinars."
He continued, "In addition to reducing non-essential operating expenses such as commodity and service requirements, which are spent at 17 trillion dinars annually and were not spent in the first half of the year, the government will also focus on securing governing expenses such as salaries, wages, pensioners' salaries, and the social protection network, which amounts to 90 trillion."
Al-Mashhadani continued, "In addition, purchasing food basket items, gas, and medicines for 10 trillion dinars, in addition to the interest and installments of the public debt, which consists of two parts, the simple part of which is the external debt, which has decreased to 9 trillion, and thus the interest and installments that will be due from government agencies such as the Central Bank and government banks, and its payment can be postponed."
He explained that "the governing expenses of wages and oil production costs and all these expenses will be around 145 trillion dinars, and this is what will determine government spending," noting that "if the problem becomes more complicated, the government can resort to other methods such as imposing taxes on salaries {the nominal salary} only and not on the total because the allocations constitute two-thirds of the general salary." LINK
The Banking Supervision Department Holds Its Periodic Meeting With The Banks
September 11, 2024 TheBanking Control Departmentat theCentral Bank of Iraqheld its periodic meeting withthelicensed banksin the presence of bank representatives.
The meeting discussed a number of topics related to the work of banks by presenting the special requirements of the departments of this bank (the
Banking Control Department, the
Statistics and Research Department, the
Anti-Money Laundering and Terrorist Financing Office, the
Quality Management and Institutional Development Department, and the
Financial Inclusion Department), which must be met by the sector. The banker.
The meeting witnessed
answers tobanks’ inquiriesand
proposals regarding developing thework of thebanking sector.
Central Bank of Iraq Media office September 11, 2024 https://cbi.iq/news/view/2668
Ministry Of Commerce Participates In Digital Education Week At UNESCO Headquarters
Wednesday 11 September 2024 18:21 | Economic Number of readings: 233
Baghdad / NINA / The Ministry of Trade announced, on Wednesday, the presence and participation of its commercial attaché in Paris in the Digital Transformation Week for the Education Sector, which was held at the headquarters of the United Nations Educational, Scientific and Cultural Organization (UNESCO).
The ministry stated in a statement: "The forum included the presentation and discussion of a number of topics, most notably the presentation of Arab and foreign experiences in the use of technology and artificial intelligence (AI) in education and the mechanisms of green and sustainable digital transformation for the education sector and the role of private sector companies in this field."
The statement pointed out "the importance of Iraq's participation in this forum to learn about the latest programs and initiatives adopted by UNESCO in supporting digital transformation and artificial intelligence and methods of financing these programs, in line with the Iraqi government's orientation to adopt governance and digital transformation in all activities and services provided by Iraqi ministries." / End 11 https://ninanews.com/Website/News/Details?key=1153258
Oil Minister Discusses With Officials Of The American Company "Honeywell" Enhancing Cooperation In The Fields Of Energy And Refining Sector
Thursday 12 September 2024 | Economic Number of readings: 62 Baghdad / NINA / Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani discussed with officials of the American company "Honeywell" prospects for enhancing cooperation in the fields of energy and the refining sector.
A statement by the Ministry of Oil stated: "Abdul-Ghani visited, on Wednesday, the headquarters of the American company "Honeywell", and met with officials in the company and was briefed on its activities. It is one of the large specialized companies with extensive work in many fields."
According to the statement, the minister held a meeting with the company during which prospects for enhancing cooperation in the fields of energy and the refining sector were discussed. The
Minister of Oil signed, in the presence of Prime Minister Mohammed Shia al-Sudani, a memorandum of understanding with the company "Honeywell" in May of this year, specifically to develop Iraqi refineries and support the national energy sector.
The meeting was attended, according to the statement, by the Undersecretary of the Ministry for Gas Affairs, Ezzat Saber, the Prime Minister’s Advisor, Falah Al-Amiri, the Director General of the Department of Studies, Planning and Follow-up, Nasir Aziz, the Director General of the Economic Department, Alaa Al-Yasiri, the Director General of the Southern Refineries Company, Hussam Hussein Wali, the Director of the Research Center, Ali Jassim, the Consul of Iraq in Houston, Hawri Muhammad Gharib Al-Talabani, and representatives of the Iraqi Embassy in America and a number of officials in the ministry. / End 2 https://ninanews.com/Website/News/Details?key=1153297
Oil Prices Expected To Rise Again
Economy | - 11/09/2024 Mawazine News – Economy Global oil demand will rise this year at a time when production growth is lower than previously expected, the US Energy Information Administration said.
The widening supply deficit will further draw oil from global inventories, pushing Brent crude prices back above $80 a barrel in spot trading this month, the agency said in its short-term energy outlook. Spot
Brent crude averaged $73 a barrel on Sept. 6, it said. Futures for the global benchmark crude fell below $70 a barrel on Tuesday for the first time since December 2021.
The agency forecast global oil demand to average about 103.1 million barrels per day (bpd) this year, up about 200,000 bpd from its previous forecast of 102.9 million bpd.
Global production is now expected to average 102.2 million bpd, the agency said, down from its previous forecast of 102.4 million bpd after the Organization of the Petroleum Exporting Countries (OPEC) delayed its plan to increase output.
OPEC and its allies had planned to raise output from October but with crude prices falling amid a weak global economy, they delayed their plan last week and will increase output from December.
OPEC on Tuesday cut its forecast for crude oil demand growth this year to about 2 million barrels per day, still double the U.S. Energy Information Administration’s current estimate of about 1 million bpd. The
EIA forecasts global oil demand will exceed production by about 0.9 million bpd this year, compared with a 0.5 million bpd gap in its previous forecast.
“Despite growing market concerns about economic growth and oil demand growth, especially in China, which have depressed oil prices, OPEC+ production cuts mean less oil is produced globally than consumed,” the agency said. https://www.mawazin.net/Details.aspx?jimare=254768
Central Bank Sales Today Exceeded $262 Million
Wednesday 11 September 2024 15:20 | Economic Number of readings: 218
Baghdad / NINA / The Central Bank of Iraq revealed, today, Wednesday, the total sales of foreign currency through the electronic window.
The total amounts of transfers abroad (remittances, credits) amounted to 246,543,208 dollars, while the total cash sales amounted to 16,400,000 dollars, and the total sales amounted to 262,943,208 dollars.
The selling price for transfers and cash was 1310 dinars per dollar, while the bond credits and international settlements for the electronic card were 1305 dinars. / End 11 https://ninanews.com/Website/News/Details?key=1153224
For current and reliable Iraqi news please visit:https://www.bondladyscorner.com/
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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8
Good Evening Dinar Recaps,
SWIFT UNVEILS GLOBAL INFRASTRUCTURE TO STREAMLINE TOKENIZED ASSET TRANSFERS
The payments infrastructure provider said the move aims to solve the interoperability issues related to different technologies and regulatory discrepancies.
Swift announced a new initiative on Sept. 11 to streamline global transactions and enable its members to use their Swift connection for transactions involving both traditional and emerging asset types, such as crypto.
Good Evening Dinar Recaps,
SWIFT UNVEILS GLOBAL INFRASTRUCTURE TO STREAMLINE TOKENIZED ASSET TRANSFERS The payments infrastructure provider said the move aims to solve the interoperability issues related to different technologies and regulatory discrepancies.
Swift announced a new initiative on Sept. 11 to streamline global transactions and enable its members to use their Swift connection for transactions involving both traditional and emerging asset types, such as crypto.
Swift plans to test multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions on its global platform. This could allow securities buyers to simultaneously pay for and exchange tokenized assets in real-time on Swift’s network.
The new initiative will focus heavily on the global trading of real-world assets (RWA), as the industry is expected to reach a $30 trillion market cap by 2034.
Swift said that the global tokenized asset industry has an interoperability issue,which turns different RWA efforts into digital islands. This is primarily caused by the lack of a globally accepted digital form of money.
Swift Chief Innovation Office Tom Zschach said:
“Digital currencies and tokens have huge potential to shape the way we will all pay and invest in the future. But that potential can only be unleashed if the different approaches that are being explored have the ability to connect and work together.”
Zschach added thatinclusivity and interoperability are central pillars of the financial ecosystem.
This effort will initially use fiat currencies and is later planned to evolve into incorporating central bank digital currencies (CBDC), tokenized commercial bank money, and regulated stablecoins.
Notably, Swift said it had achieved successful results in value transfer tests involving tokenized assets, mentioning the two CBDC sandboxes it has conducted, which included banks from Europe, Asia, and North America.
Moreover,Swift’s new foray to provide a single payment infrastructure for tokenized assets also aims to address how to integrate different digital assets with its respective bank-led networks.
Since each financial institution exploring RWA could be using different distributed ledger technologies, the lack of compatibility might hinder global interoperability. Additionally, the divergence in various regulatory environments can also lead to challenges.
@ Newshounds News™
Source:Crypto Slate
~~~~~~~~~
CFTC ANNOUNCES PARTNERSHIPS TO TACKLE CRYPTO PIG BUTCHERING SCAMS
The CFTC’s Office of Customer Outreach and Education partnered with several organizations to disseminate information related to crypto relationship investment, or “pig butchering,” scams.
Pig butchering scams have increasingly replaced Ponzi schemes in the last year as criminals attempt to reap higher rewards from more targeted attacks.
TheCommodity Futures Trading Commission's (CFTC)Office of Customer Outreach and Education (OCEO)aims to disseminate targeted information regarding crypto relationship investment scams via new partnerships.
American Bankers Association Foundation, a "private regulator"and other federal agencies are working with the OCEO to create and distribute an infographic to help viewers recognize and avoid "pig butchering" schemes, according to a CFTC release.
In addition,the OCEO is collaborating with the U.S. Security and Exchange Commission’s Office of Investor Education and Advocacy and other organizations to develop an investor alert related to pig butchering scams.
“Partnering with federal and state regulators as well as consumer protection groups and other organizations helps spread the CFTC’s customer education message and hopefully reaches people before they can get scammed.
These partnerships focus on a relationship confidence fraud the perpetrators commonly refer to as ‘pig butchering,’ that is estimated to cost Americans billions each year," said Office of Customer Education and Outreach Director Melanie Devoe in a statement.
Pig butchering scams have increasingly replaced Ponzi schemes in the past year as criminals try to gain higher rewards from more targeted attacks.
"Pig butchering scams earn their name from the way scammers 'fatten up' their victims to extract maximum value. This typically involves cultivating a romantic relationship over time through text messages or dating apps, ultimately persuading the victim to invest in a fraudulent scheme," wrote The Block's Brian McGleenon.
@ Newshounds News™
Source:The Block
~~~~~~~~~
UK INTRODUCES BILL TO GIVE CRYPTO OWNERS LEGAL PROPERTY RIGHTS
The UK’s Ministry of Justice is sponsoring a bill that would grant codified personal property rights to holders of digital assets.
What’s the Scoop?
▪️Digital Rights:The Property (Digital Assets etc) Bill was introduced today before the UK’s House of Lords. It seeks to apply personal property rights for the first time in British history to digital holdings like cryptocurrencies, non-fungible tokens, and carbon credits.
▪️Legal Protections:By establishing property rights for holders of digital assets, the UK hopes to “give legal protection to owners and companies against fraud and scams, while helping judges deal with complex cases where digital holdings are disputed or form part of settlements.”
▪️Needed Clarity:Concerns from the UK Law Commission that digital assets could meet the criteria for both existing types of personal property in the UK, thereby impeding court disputes, reportedly prompted the creation of the new digital personal property category.
Bankless Take:
Althoughthis bill speaks more so to the UK’s nuanced legal system than its bullishness on crypto,society has undeniably become increasingly digitized throughout the 21st century.
Should this trend accelerate in the coming decades alongside greater digital asset adoption,the UK will be well-positioned to arbitrate disputes involving a novel property type.
@ Newshounds News™
Source:Bankless
~~~~~~~~~
Charles Hoskinson Calls Out Big Cardano Staking Misinformation
Unlike other protocols, ADA staked tokens are not locked, making it possible for holders to spend or move their assets.
Key Notes ▪️Cardano remains a favorite Layer 1 network with significant backlash. ▪️The protocol has a functional Liquid Staking product with massive holdings.
▪️Cardano founder just debunked a major ADA staking FUD.
Cardano has become the center of several backlashes from crypto enthusiasts, with the latest being misinformation about its liquid staking. In light of this, the protocol’s founder, Charles Hoskinson, took to X to flag the increasing misinformation. He stated that the Cardano staking is not locked against the rumors.
Cardano Stakeholders Speak against Staking Misinformation
In his post, Hoskinson asked his followers:
“Why does anyone trust these people anymore?”
The allegations equally drew the attention of many Cardano community members. They strongly believe that the talks are baseless and largely targeted at damaging the project’s reputation.
Cardano SPO PRIDE pointed out the irony of the accusation, highlighting thatCardano is the only top 20 crypto project offering native liquid staking. This further attenuated the fact that ADA coins are never locked in staking.
Also,Cardano does not require Liquid Staking Derivatives (LSDs) or Liquid Staking Tokens (LSTs).
Hoskinson expressed his frustration after a podcast featuring prominent crypto commentatorsInvestAnswers, CTO Larsson, MartyParty, and Mandoappeared on the internet.InvestAnswers specifically asked why older crypto projects like Cardano are still highly ranked. He further claimed thatCardano has a large market share of over $12 billion, “yet no adoption”.
The response from Charles Hoskinson marks the related defense he mounts when critics focus on the protocol.
In response,renowned skeptic MartyParty alleged that ADA holders are locked in staking pools and are unable to sell. He even went as far asaccusing the Cardano team of tricking investors with the staking system, making them enter a position that they could hardly exit. MartyParty claimed that this explains the multi-billion dollar market cap.
Understanding the ADA Staking Mechanism
Many people are concerned about the ADA staking mechanism. Some entities propagate that the protocol remains at the top of the crypto ranking because their stakeholders cannot sell.
After all, their assets are locked in the staking. Ordinarily,Cardano staking allows coin holders to assign their holding to a staking pool for a reward known as staking yield.😃
Unlike other protocols, ADA staked tokens are not locked,making it possible for holders to spend or move their assets. So far, the number of staked ADA units is 37.2 billion according to PoolTool data. ADA is currently trading at $0.3359, with a 1.78% dip within the last 24 hours. At this price level, the staked ADA is valued at approximately $7.5 billion.
Placed side-by-side with Cardano’s market cap of $12.08 billion, the staked coins represent about 62%. This high rate suggests that investors are confident in Cardano’s long-term potential.
Moreover, they will lock up their ADA assets in return for valuable rewards. On one hand, the ADA staking reward jumped by 30% last month.
@ Newshounds News™ Source:
~~~~~~~~~
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'Close To Major Financial Reset'; Brace For Margin Calls, Panic Selling | Chris Vermeulen
David Lin: 9-11-2024
Chris Vermeulen, Chief Market Strategist of The Technical Traders discusses the market's volatile reaction to the latest CPI report, expectations for the September FOMC meeting, and how commodities are signaling an imminent "financial reset".
'Close To Major Financial Reset'; Brace For Margin Calls, Panic Selling | Chris Vermeulen
David Lin: 9-11-2024
Chris Vermeulen, Chief Market Strategist of The Technical Traders discusses the market's volatile reaction to the latest CPI report, expectations for the September FOMC meeting, and how commodities are signaling an imminent "financial reset".
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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20
KTFA:
Clare: Al-Sudani directs to suspend official work next Sunday on the occasion of the Prophet’s birthday
9/11/2024
Prime Minister Mohammed Shia Al-Sudani directed to suspend official work next Sunday on the occasion of the Prophet's birthday.
Al-Sudani also directed, during the Cabinet session today, Tuesday, the ministries to interact with the Iraq Investment Forum early next November. LINK
KTFA:
Clare: Al-Sudani directs to suspend official work next Sunday on the occasion of the Prophet’s birthday
9/11/2024
Prime Minister Mohammed Shia Al-Sudani directed to suspend official work next Sunday on the occasion of the Prophet's birthday.
Al-Sudani also directed, during the Cabinet session today, Tuesday, the ministries to interact with the Iraq Investment Forum early next November. LINK
Clare: Iraqi Oil holds expanded meeting with ALEXANDROS JV in the United States
9/11/2024
On Tuesday, the Iraqi Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani Al-Sawad, received a delegation from the ALEXANDORS JV company, specialized in refining, on the second day of his visit to the US state of Houston.
The company's delegation was headed by Ghassan Hanoudi, Executive Vice President for Middle East Affairs.
The Ministry of Oil stated in a statement received by Shafaq News Agency that the expanded meeting held between the two parties witnessed a review of the reality of the refining and refining sector in Iraq, where the achievements made and the increase in production capacities of petroleum derivatives were highlighted, which reached levels of achieving self-sufficiency for some important petroleum products for local consumption.
The Minister also stressed the Ministry's keenness to improve the quality of production and increase its rates through future development projects and plans.
The ALEXANDORS JV delegation also included Mike Sarafa, the company’s legal advisor, Jeff DeRosia, energy director, Leon Saucir, energy operations director, and Saad Siham Al-Mudarris, strategic advisor for Middle East affairs.
The meeting was also attended by the Undersecretary of the Ministry for Gas Affairs, Izzat Saber, the Iraqi Ambassador to the United States, Nizar Al-Khairallah, the Advisor to the Prime Minister, Falah Al-Amiri, the Director General of the Southern Refineries Company, Hussam Hussein, the Director General of the Department of Studies, Planning and Follow-up, Nasir Aziz, and the Director General of the Economic Department, Alaa Al-Yasiri.
The ministry indicated that the meeting comes within the framework of enhancing cooperation between Iraq and ALEXANDORS JV and developing the refining and refining sector in line with the future strategies of the Iraqi Ministry of Oil. LINK
************
Clare: Pezeshkian: The MoUs signed today represent a new start for cooperation between the two countries
9/11/2024
Iranian President Masoud Pezeshkian considered, on Wednesday, the memoranda of understanding that his country concluded with Iraq as a new start for cooperation between the two sides.
"We agreed to form a team of experts from both countries to develop long-term strategic plans that establish close cooperation to exploit available opportunities. To achieve this goal, we need to activate agreements between the two countries," Pezeshkian, who is visiting Iraq, said in a press conference with Prime Minister Mohammed Shia al-Sudani.
He added: "We need to conclude security agreements in order to cooperate with each other to combat ISIS terrorism and smuggling. The agreements concluded so far have achieved good results, and we need to diagnose the weak points of these agreements."
The Iranian president said: "We want a strong, stable, secure and independent Iraq, and in the presence of a secure and prosperous Iraq, we will be able to build fraternal relations between the two countries."
Regarding his visit, Pezeshkian said that it "represents a great opportunity, and based on what was agreed upon, the two parties will hold specialized meetings to continue concluding new agreements." LINK
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man "...Understanding between the Iraq Federal Government and the Kurdistan Regional Government..." You have two entities coming together...They had a lot of turmoil in the past... Now they've come to an agreement...A huge delegation from Iraq has gone to the Kurdistan region - The highest executive authorities in Iraq, the Ministerial Council of Economics...Planning, Trade, Interior, Central Bank of Iraq, legal...finance, oil department. The whole list was immense...with their counterparts from the Kurdistan region...working it out, which reeks of national reconciliation...If they get National Reconciliation I can see Iraq is going to go so far. It's phenomenal...Reconciliation is historic.
Frank26 Alaq, he's back. He got back Friday...Where'd he go? Straight to Erbil...By the way, he's happy...He's got pep in his step...I'd be on cloud 9 right now too because of what they are about to give you [Iraqi citizens], the purchasing power. Your economic reform is going to explode in a nuclear fashion. Your country is poised to lead the world with its new monetary reform. The beauty is the whole world knows it. And the whole world wants it badly.
*************
China Just Helped Iran & Russia By Selling All Of Their US Treasury!
Tech Beat: 9-11-2024
In this video, we look at China's recent geopolitical maneuver of selling off its U.S. Treasury holdings, and how this decision is expected to help important global actors such as Iran and Russia.
As tensions between the United States and these countries continue to escalate, China's desire to minimize its reliance on US financial assets may tilt the balance of power in international relations. We examine the reasons behind China's selling of US Treasuries, ranging from economic strategy to political leverage, and how this affects the global financial landscape.
By reallocating these resources, China enhances its financial and geopolitical relationships with nations such as Iran and Russia, both of whom face severe US sanctions. This move also suggests a potential realignment of global alliances, with China at the forefront of a new economic order.
Join us as we explore the broader ramifications of China's financial moves, including what they may mean for the future of global politics, international trade, and the US economy.
We'll also look at how these trends may reshape the geopolitical environment and affect relations between the East and the West in the next years. Don't forget to like, share, and subscribe for more in-depth examination of global issues!
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Bruce’s Big Call Dinar Intel Tuesday Night 9-10-24
Transcribed By WiserNow Emailed To Recaps
Welcome everyone to the big call tonight. It is Tuesday, September 10th and you're listening to the big call. Thanks everybody for tuning in. We did reach a another milestone on last Thursday's call, when we hit 19 million listeners internationally, and that as a result of the fine work that the satellite team has done on the Starlink satellite system. So thank you very much for that Sat Team. Welcome, every body welcome to big call universe, wherever you're listening from.
This is really where we need to be right now, when it comes to the intel tonight, it had been relatively quiet for a few days, and then it opened up a little bit yesterday, and it opened up more today. And I can tell you where we believe we are based on the input that I have so far -- it looks like, first of all, we will start with Iraq – we haven't talked too much about Iraq recently but I got some information today that I think is really going to make a difference.
Bruce’s Big Call Dinar Intel Tuesday Night 9-10-24
Transcribed By WiserNow Emailed To Recaps
Welcome everyone to the big call tonight. It is Tuesday, September 10th and you're listening to the big call. Thanks everybody for tuning in. We did reach a another milestone on last Thursday's call, when we hit 19 million listeners internationally, and that as a result of the fine work that the satellite team has done on the Starlink satellite system. So thank you very much for that Sat Team. Welcome, every body welcome to big call universe, wherever you're listening from.
This is really where we need to be right now, when it comes to the intel tonight, it had been relatively quiet for a few days, and then it opened up a little bit yesterday, and it opened up more today. And I can tell you where we believe we are based on the input that I have so far -- it looks like, first of all, we will start with Iraq – we haven't talked too much about Iraq recently but I got some information today that I think is really going to make a difference.
We knew that all new rates came up on the screens , on forex, Sunday night, the Forex reopens at 7 o'clock, its 5 o'clock Eastern Time on Sunday - and it’s been down for 48 hours - it comes up every Sunday at 5 o clock –
We were expecting all new rates populate on Sunday - Now typically we don’t see those until Monday - either bank screen rates or redemption center screen rates. We did get word yesterday – Monday - that we had all new rates on all currencies at the banks - now today, and I think there might be a reason why we did not see rates on redemption center screens yet.
I hope tomorrow is a different story. But as of right now, today, they were not on redemption center screens, and I think I know why. The reason I believe that's the case is because bank screen rates, although they will be good - will not be as high as Redemption center screens, redemption center screens will have the highest rates – we know that - we’ve known it for years, and it's just coming to prove it.
When both bank screens and redemption screens have been up with rates that they could see, they could think they could prove that. They proved it that was the case, that Redemption Centers were higher. In fact, I'll tell you, the rate on the dinar on the redemption center screen was three times the amount that was on the bank screen. The Dong was twice as high as the bank screen rate.
So I think reason they might not been up today was maybe they just did not want to have the latest best rates visible to redemption center staff.
Now continuing on Iraq – remember we used to have, I say, you said we've been using CBI for Central Bank of Iraq.
That's going away - they're using the term Sovereign Bank of Iraq, SBI – Sovereign Bank of Iraq, and I believe it may begin to take place tomorrow - that change could actually be seen. I don't know what the website is, I don't they have a brand new website or not I don’t know if they are reconfiguring the CBI site. Just don't have that confirmed yet,
But what we were able to confirm was there was need Sunday, between Alak of Iraq and several other individuals that I won't name, that you would recognize, and they were determining and confirming a rate on the Iraqi Dinar, and that would be the rate that would be considered the international rate, or the rate on the SBI, Sovereign Bank of Iraq. That's got a really nice ring to it, doesn't it? Sovereign Bank of Iraq.
Central banks all over the globe are gone away – or are in the process of being eliminated. But the idea of a sovereign bank of name the country is really what we're looking at. It may have different names for us, our Federal Reserve was our bank from the United States Central Bank, and now it's the US Treasury - which, as you guys know, is not in Washington, DC, on a Paiute Reservation in Reno, Nevada, okay, Paiute, Indian Reservation.
Why? Because it's private Indian land and safe to have it there. It's a good safe place to have it. It may be temporary, but that's where it is right now
So that is really good news, I think, to have that rate and they have it where we should be able to see it soon - possibly as early as tomorrow,
Alright – let’s go beyond Iraq, and the SBI, also, the Iraqi dinar is to be traded on the ISX the Iraqi Stock Exchange - ISX - also on the Forex which it has been - supposed to be on the Forex again tomorrow, possibly with a new rate. It should be on there, and then, of course, on the SBI site itself.
So that's what we have on the dinar right now. Still have contract rate for the Iraqi dinar, I've told you, is extremely high and is tied to and is the same as the rate that Iraq is selling a barrel of oil for to other countries like Egypt, like Turkey, etc. wherever else they’re selling it - So it's a very good rate.
They had dropped a little bit. - Now it's back up. Of course, it's always subject to change, and their selling price of a barrel of oil might vary. Okay - That's great news, and they will offer us – from my understanding is they will offer us who have Iraqi Dinar - the contract rate for the Dinar - they should offer that to us. Okay, that's good – that’s really good news .
Let's go beyond that. Let's talk about where we are with our timing.
One person that’s been known by the community - and very well known - is suggesting that it's highly possible that we get notified tomorrow, if not, then Thursday, you can guess who that might be - but that is really, really good news, and the other information is that redemption center operatives or leaders were to have received an email from a certain person that's over all the redemption centers East of the Mississippi River, sort of divided the country a little bit, and this leader wants to get the emails out, which were from Treasury and Wells Fargo, to get those out to everybody that is a leader in the redemption centers east of the Mississippi -
Now, doesn't mean that the only one to get it, just means that that was this person's responsibility, other people as we go for the rest in the country, will have that same responsibility and will have gotten those emails out, provided the green light was given by Treasury to do that.
We heard about that last day or so, maybe a little bit longer than that, and it's kind of like if nothing changes, that's when it should have gone out. Let’s see, couple hours before, three hours before the big call.
Now what about notifications? That gets it out to the redemption centers, what about notifying tier 4B “us” – the internet group, let's just say tier four, which would include the Admiral's groups. And there are several, several of those – I think, 22 or 23 different groups under the admiral and it may not be the same Admiral, by the way.
So here's the thing, those - all of us in 4B and 4A should be getting notified either tonight, overnight tonight or tomorrow, now the exchanges we believe, could start tomorrow, or we might just setting our appointments for starting on Thursday – We’ll see – we’ll see what it is - We won't know that until we receive those nails from Wells Fargo servers.
All right, let’s talk about something. So that's something we can look forward to, hopefully tomorrow. In addition to that, we've had the servers for Social Security down for the last five days, and we believe the Reason is they have been inter connecting to the Starlink satellite system with new algorithms that may or may not contain an increase in Social Security.
We don't know that yet – but chances are I'll find out about it tonight or tomorrow after the call. It'll be a mute point. So the good news is that I believe they were down after last Wednesday, which was, which was a Social Security payout day - as you guys know that are on social - So I was going to say they were they were down Thursday, Friday, Saturday, Sunday and yesterday- there's your five days.
So they should very well come back up tonight before their payments go out for Social Security tomorrow, which is Wednesday, 9/11 - So we have a possibility that we are getting notified and this gets started, if you will, on 9/11 and those of you who have done a lot of research about what happened on 9/11 and know something different than what main stream media put out for about for 23 years, you might know more of what I'm talking about.
That would be that it would be interesting timing to bring it out on that day – that’s as far as I'll take that. And some of you guys that are up to speed know what I'm talking about, and the rest of you don’t know what I'm talking about, that's okay.
So ---- there is very good possibility for this to kick off tomorrow - And then there's a very good possibility that we will get exchanges started, if not tomorrow, then on Thursday
And I think that is pretty much everything that I wanted to say, Now, I think you have everything that I wanted to bring out tonight. I've always seen this one or two things later, or the next day that I might have mentioned, but I really think you guys know, when you go in for your appointments, don't get there more than 10 minutes before your appointment - pull in to the parking lot - you know, no more than 10 minutes early - that's early enough, and hopefully everybody's ahead of you is on time has gone through, and you can come in right away. And that's really an important thing, you know, we don’t want to clog it up with tour busses - none of that.
This is by appointment only. And I think you guys know the reason for that, and can appreciate the efficiency of this whole thing going down.
Oh, one error that was put up online that I heard about yesterday. We talked about this months ago, maybe eight or nine months ago now, we did say you would get a Q-phone, which is a satellite phone works on the Starlink Satellite System. You'll get that at the very end of your appointment at the redemption center.
There are none of these at the banks - none. Only for redemption center Zim holders. Zim holders only, okay, so if you're a Zim holder, you'll get a new phone. It's a special phone, and it works everywhere in the world, like a satellite phone does. So this one, essentially, that's what it is working off the StarLink satellite system.
The error was, initially we thought we were going to be getting laptops, and then we thought, Oh, we're going to get a certificate for a free laptop good at about seven retailers. They scrapped/canned ?? that idea and I haven't mentioned that until tonight - I think we're going to have plenty of money to get new computers - Get new laptops. So that's not really an issue. So you're not going to get a free laptop, as certain individuals were saying online.
Beyond that, I would say let's do this. Let's go ahead and thank everybody. Thank you Sue amazing call tonight - Thank you Bob as well. And thank you big call universe for listening all these years - Thank you sat team that gets to call out. We were at 19 million listeners on last Thursdays call maybe as high tonight or not, we'll find out in a day or two when I get the word back to sat team, but just scanning my mind, thinking, if there's anything I've left out that I need to mention ,
I can say one or two more things beyond the thank yous. We have cleanup continuing to go on in Gosh, 118 or 120 cities around the country, they are prepared in case they need to be with National Guard - federalized troops and so on. So there should not be any problems with uprisings or that type of thing after this goes down.
Oh, I know what I was going to say regarding the NESARA and GESARA, the latest information out about an hour before the call was that that would be occurring within a week to a week and a half from now, it was going to be inside of two weeks
And I think the latest information is telling us going to a week to two and a half from tonight we should have, NESARA and GESARA and everything that goes along with that. That would be R and R, Debt forgivenss Debt Jubilee, as we've called it in the past – all of that - Is part of NESARA and internationally it's GESARA Global Economic, Strategic and Recovery Act.
Okay, that affects every other country, but the United States - the US is on NESARA – National Economic Strategic and Recovery Act –
So that is what I wanted to share with you guys - Thank you so much for listening and for being here for the last 13 years. Isn’t it interesting that my call will finish - the big call will finish its 13th year December, 28 and Bob's company will finish its 13th year in November.
It’s lined up pretty well and I think that's cool I think it’s really good - so let's do this - Let's pray the call out, thanks everybody, and let's keep an eye out to see what happens in the next couple of days.
Bruce’s Big Call Dinar Intel Tuesday Night 9-10--24 REPLAY LINK Intel Begins 1:07:27
Technical difficulties with Bruce's Recorded Call Transcription - Please clink on the link below and listen to all or partial recording - Bruce's intel segment begins at approximately the 1:02:02 time frame - thank you
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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8
Good Afternoon Dinar Recaps,
Important Ripple (XRP) Announcement Concerning XRPL
▪️The XRP Ledger (XRPL) will implement a major amendment in two weeks to enhance its Automated Market Maker (AMM) feature.
▪️Ripple’s XRP has seen a slight price decline, with a 1% drop over the past 24 hours and a 7% decrease over two weeks, despite recent updates.
Good Afternoon Dinar Recaps,
Important Ripple (XRP) Announcement Concerning XRPL ▪️The XRP Ledger (XRPL) will implement a major amendment in two weeks to enhance its Automated Market Maker (AMM) feature. ▪️Ripple’s XRP has seen a slight price decline, with a 1% drop over the past 24 hours and a 7% decrease over two weeks, despite recent updates.
Activation in Two Weeks
The team behind XRP Ledger (XRPL) announced that a major update under the code fixAMMv1_1 will be implemented within 14 days. It was approved to go forward after 28 votes in favor (out of 35).
The change aims to enhance the functionality of the Automated Market Maker (AMM) feature.The AMM is a decentralized mechanism that enables users to trade assets directly on the XRPL without relying on third parties.
One of the main goals of the improvement isto make the trading process more efficient and reduce potential risks for liquidity providers.
The XRPL has witnessed several other developments in the past few months.In mid-August, its main Testnet underwent a reset, becoming temporarily unavailable to developers. The effort aimed to improve stability and reduce the cost of running a Testnet node.
“Reminder: in addition to this Testnet, XRPL community members are encouraged to create and manage additional testnets to support diverse testing and development needs, “the team concluded, “the team added at the time.
Prior to that, OpenEden – a fintech company focused on bridging traditional finance and DeFi – disclosed that it will launch tokenized US Treasury bills (T-bills) to the XRP Ledger (XRPL) and its users for the first time. Ripple said it will create a fund to invest $10 million in the aforementioned products.
“Institutions are increasingly looking at where to tokenize their real-world assets, and the arrival of T-bills on the XRPL powered by OpenEden reinforces the decentralized Layer 1 blockchain as one of the leading blockchains for real-world asset tokenization,”Markus Infanger – Senior Vice President at RippleX – commented.
Tokenized T-bills represent digitized traditional US Treasury bills issued on a blockchain or distributed ledger technology platform. The process involves converting the rights to the financial products into tokens, which can then be traded, held, or transferred to specific addresses.
XRP Price Outlook
Ripple’s XRP did not react positively following the aforementioned announcement. It continued trading sideways before slightly retracing in the past few hours.
@ Newshounds News™
Source:Crypto Potato
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BRICS Confirms 159 Participants Will Adopt New Payment System
After recent rumblings surfaced of how many nations would embrace the impending BRICS Pay system, the bloc has confirmed 159 participants are set to adopt the new payment system.Indeed, the economic alliance system is poised to hit the ground running when it finally launches.
Now, all eyes are on when that launch will take place. Many have surmised that it would be announced at the highly anticipated 2024 Summit.
Moreover, it would be set to go live in what would be a groundbreaking unveiling. If that were to happen, the bloc has already noted there is a long line of entities ready to embrace it.
BRICS Payment System to Feature 159 Participants, Alliance
Earlier this year, the BRICS bloc announced the creation of a blockchain-based payment platform.It would be set to redefine the collective’s global economic standing. Morehe largest payment systems worldwide. That includes the Western-dominated SWIFT system.
Now, the BRICS group confirmed that 159 participants will adopt the new payment system. Indeed, Russian officials verified the number in a recent correction, according to a Yahoo report.Although previous statements rumored 160 countries would be involved, the number was clarified in subsequent reports.
The payment system is crucial to the bloc’s ongoing de-dollarization efforts. It will provide participating countries with an avenue to trade in local currencies. Therefore, it will greatly hinder how these nations settle trade.Ultimately, decreasing international necessity for the greenback.
This would be vital for Russia, following 2022 sanctions that greatly affected their trade capabilities.That weaponization was a key reason for the adoption of de-dollarization efforts.Now, the bloc is set to more thoroughly compete on a global stage.And so too will the nations whose currencies get increased adoption through the payment platform.
The confirmation also notes that more than 20 countries will be set to take part in the BRICS Pay platform. Although they did not clarify those nations, they are likely among the countries seeking to join the alliance this year. The impending 2024 summit will also deal with ongoing expansion hopes.
Countries like Venezuela, Malaysia, Thailand, Nigeria, and Turkey have sought entry into the bloc.The latter is a recognized NATO member.
Their inclusion would greatly shift the bloc’s standing in a geopolitical sense.They would be recognized as the first NATO nation to be embraced within the global south-based collective.
@ Newshounds News™ Source:
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BBVA Switzerland adds support for USDC Stablecoin
Three years ago BBVA Switzerland became one of the first banks to offer cryptocurrency services to retail clients, with the launch of its New Gen digital investment account with no net worth requirements. However, customers have to keep the equivalent of $10,000 on deposit. Now BBVA Switzerland is expanding the offering by adding the USDC stablecoin from Circle.
In addition to the New Gen account,the Swiss bank also provides cryptocurrency services to its institutional and private banking clients.
Previously the BBVA offering only supported Bitcoin and Ether. While users can hold USDC with the bank, it also means institutional clients can use it for trading other cryptocurrencies.
We recently ran tests with a couple of cryptocurrency exchanges and noted that the exchange rates were surprisingly attractive. Thinking about BBVA clients, if they previously used their BBVA account to transfer money onto crypto exchanges,then BBVA can potentially earn foreign exchange revenues from converting CHF or Euro deposits into USDC.
“We want to offer our private clients a simple access to the tokenized products they are most interested in and cannot access through traditional financial institutions. Meanwhile, our institutional clients need us to provide options to guarantee the assets they manage,” said Philippe Meyer, Head of Digital Solutions and Blockchain at BBVA in Switzerland. “We will analyze all the crypto assets they are investing in to continue building our offering with further innovative solutions.”
Late last year BBVA Switzerland migrated its digital asset custody toMetaco’s Harmonize platform which is now owned by Ripple. In June BBVA’s Turkish arm, Garanti BBVA Digital Assets launched its wallet which currently supports trading of Bitcoin, Ether, USDC and Avax and custody of Chiliz, the coin linked to the Socios fan token platform.
@ Newshounds News™ Source:
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IRAQI DINAR REVALUATION WHAT YOU NEED |Youtube
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Source:Currency Facts
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New IRS Tax Law Explained What You Need to know! |Youtube
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