News DINARRECAPS8 News DINARRECAPS8
Iraq Economic News and Points To Ponder Friday Evening 5-31-24
Parliamentary Finance Announces Its Readiness To Present The Final Report On The Budget Schedules In Next Monday’s Session
Friday 31, May 2024 | Economical Number of readings: 176 Baghdad / NINA / The Parliamentary Finance Committee confirmed its readiness to present the final report on the budget schedules in next Monday’s session.
The head of the committee, Atwan Al-Atwani, said in a statement, “His committee has been continuing for days to study and review the 2024 budget schedules, in detail, in order to complete them in the optimal manner, and to ensure the necessary financial allocations for all sectors.”
He pointed out that “a series of intensive meetings were held, which witnessed the hosting of the relevant ministers,” indicating that “the committee is about to complete the task of discussing and reviewing the details of these schedules, in a manner consistent with the federal general budget law for the years (2023-2025).”
Iraq Economic News and Points To Ponder Friday Evening 5-31-24
Parliamentary Finance Announces Its Readiness To Present The Final Report On The Budget Schedules In Next Monday’s Session
Friday 31, May 2024 | Economical Number of readings: 176 Baghdad / NINA / The Parliamentary Finance Committee confirmed its readiness to present the final report on the budget schedules in next Monday’s session.
The head of the committee, Atwan Al-Atwani, said in a statement, “His committee has been continuing for days to study and review the 2024 budget schedules, in detail, in order to complete them in the optimal manner, and to ensure the necessary financial allocations for all sectors.”
He pointed out that “a series of intensive meetings were held, which witnessed the hosting of the relevant ministers,” indicating that “the committee is about to complete the task of discussing and reviewing the details of these schedules, in a manner consistent with the federal general budget law for the years (2023-2025).”
Al-Atwani confirmed that “Parliamentary Finance is ready to present its final report to the House of Representatives in next Monday’s session designated for approving the budget schedules and its annexes.”
He pointed out that "the committee is keen to enable the federal government to implement its service and development plans and programs in a manner consistent with its government program that the House of Representatives voted on."/ https://ninanews.com/Website/News/Details?key=1129845
Al-Sudani: The Path Of Development Will Restore Iraq's Historical Role In Global Trade
Economy | 05/31/2024 Baghdad - Mawazine News Prime Minister, Muhammad Shiaa Al-Sudani, confirmed that the development road project means, according to current market equations and international trade movement, a link between the East and Europe through Iraqi and Turkish lands together.
Al-Sudani, during an interview conducted by Anatolia Agency, said: In the beginning, we must look historically at Iraq’s role in trade between the East and the West over many centuries, and I am not exaggerating if I say that since prehistoric times, Mesopotamia has been an easy trade corridor whose paths trade caravans prefer to follow. And standing and trading with its metropolises, cities and urban centres.”
He stressed that the path of development is essentially to restore this historical role, and the link between the port of Al-Faw and the Turkish border, according to the current market equations and the international trade movement, means a link between the East and Europe through Iraqi and Turkish lands together.”
The Prime Minister of Iraq explained that the region is witnessing conflicts and tensions that recede at times and escalate at other times, and this prompts us to focus efforts on projects that overlap in interests and overlap in benefits.
He added: The Development Road will provide an opportunity for the emergence of industrial cities on both sides of it, which will complement the trade passing through it. Later this year, we will inaugurate the first berths at Al-Faw Port, and the flow of goods through the Development Road route will begin initially.”
He continued, saying: All indicators, economic readings and feasibility studies, say that this corridor is the least expensive and fastest among the rest of the corridors. We do not say that it is an alternative, but rather regional and international trade really needs a path of development, as it is a linking project that promotes overlap in interests and causes of economic sustainability.
Following President Erdogan's visit to Iraq, Turkish Minister of Transport and Infrastructure Abdulkadir Oraloglu said that with the operation of the development road, the volume of trade with Iraq will increase from $20 billion to $30-40 billion.
Regarding the future volume of bilateral trade between Turkey and Iraq, which is currently estimated at about 20 billion dollars, the Prime Minister of Iraq said: The increase in the volume of bilateral trade with Turkey can be expanded vertically, but we are seeking vertical expansion as well. In short, this is the role of the Development Road Project and the projects attached to it. “.
He added: Experience and history have proven that the progress of a country alone and in isolation from its neighbourhood, is something that carries an unknown future despite all possibilities and conflicts. Therefore, we focus on increasing the capacity of exchange and actual partnership (with Turkey) is the guarantor of stability and deep, long-term relations.
He continued: In our relationship with our Turkish brothers, we also focused on one of the most promising sectors in investment and cooperation, which is the agricultural sector, and soon we will witness practical steps in this aspect, and the participation of Turkish companies.”
Regarding investments in Iraqi gas fields, the Prime Minister of Iraq said, in his interview with Anadolu: “Gas investment is a strategic test for Iraq, and our national wealth must be optimally employed in serving our people and development plans.”
He added: It is not possible to continue burning gas, firstly due to the waste of this wealth that can be benefited from, and secondly due to the environmental effects. We announced a special round of licenses to invest in gas fields.
He continued, saying: We plan for Iraq to be self-sufficient in domestic gas production within 3 years, and Iraq is moving confidently to be an important element in the gas market within 5 years, and we will achieve self-sufficiency in this material at the expense of electricity production.
The Prime Minister of Iraq said: Specialists know that the existence of a technological base for gas investment is at the same time a base for the broadest petrochemical industries, and this is what we seek.”
Regarding potential partnerships in these investments, the Prime Minister of Iraq indicated that the doors are open to every reputable and specialized company that wishes to participate in this sector, and we also welcome regional companies because they will expand the base of cooperation in other areas.
He added: It is important to understand that gas investment means providing additional resources for development in Iraq, which are resources that can be invested in various promising economic rights, and these areas will be open to the participation of Turkish companies and companies of other friendly countries.
Iraq's current production of natural gas is about 2.7 billion cubic feet, and according to previous estimates, Iraq has a reserve of 132 trillion cubic feet of gas, of which 700 billion cubic feet were burned, as a result of the weak ability to exploit it.
Regarding the flow of Iraqi oil, the Iraqi Prime Minister explained that stopping the pumping of Iraqi oil extracted from the fields of the Kurdistan region of Iraq is undoubtedly a loss for Iraq, and at least it is the loss of an expected benefit that can support development plans in the provinces of the region and strengthen the Iraqi economy as a whole.
He added: He added: We took the initiative to find acceptable settlements and legal solutions and solutions after a thorough legal study, but the matter is surrounded by a legal obligation, because the Federal General Budget Law requires calculating the cost of producing one barrel of oil in all fields to be within the national average of the cost of production, which is around $8 per barrel, according to what was announced. Federal Ministry of Oil.
He continued: But the Ministry of Natural Resources in the Kurdistan Regional Government, and within the contracts signed with the oil company operating there, the cost of production is calculated at around $26 per barrel, and we suggested to Imam that the budget law be amended, or that the agreements and contracts with these companies be amended.”
The Prime Minister of Iraq continued, saying: From this standpoint, companies stopped production, as the ban did not come from the federal government, and we are waiting for a solution to be found. The companies refused to amend the contracts, while the regional government agreed.
He explained that for these reasons, more work is required to find a legal solution that first ensures the rights of Iraq and its people to its wealth.
He added: As for transporting Basra oil through Turkish ports, the matter is subject to study and determining the economic feasibility first of all.
Currently, Iraq’s oil production is approximately 4 million barrels per day, according to data from the Ministry of Oil and the Organization of the Petroleum Exporting Countries (OPEC), while it imports about 25 million liters of gas oil, gasoline, and white oil daily, in addition to natural gas.
According to previous statements by Al-Sudani, Iraq intends to be self-sufficient in oil derivatives, stop imports, and save $3.2 billion. https://www.mawazin.net/Details.aspx?jimare=248956
Oil Declines After A Sudden Rise In US Gasoline Stocks
Friday 31, May 2024 | Economical Number of readings: 241 Baghdad / NINA / Oil prices fell today, Friday, in the wake of a sudden rise in US gasoline inventories and amid indications that it is unlikely to start lowering interest rates.
Brent crude futures fell 12 cents, or 0.15 percent, to trade at $81.74 a barrel, and US West Texas Intermediate crude fell 17 cents, or 0.22 percent, to $77.74.
This decline in prices comes in light of statements by Lori Logan, President of the Federal Reserve Bank in Dallas, about the possibility of rising inflation despite the slowdown in the recent period, warning that the US Central Bank needs to be flexible and keep “all options on the table” while monitoring... “Data determines how to respond.”
Meanwhile, the US Energy Information Administration reported that gasoline inventories rose against expectations that demand will be higher before the weekend.
Inventories rose by two million barrels during the week, to 228.8 million barrels, compared to expectations of a decrease of 400 thousand barrels./End 2 https://ninanews.com/Website/News/Details?key=1129766
The Central Bank Announces Raising The Amounts Allocated For Housing Loans
Economy | 05/31/2024 Baghdad - Mawazine News The Central Bank announced today, Friday, raising the amounts allocated for housing loans to 3 trillion dinars.
The bank stated in a statement received by “Mawazine News”, that “based on the strategic vision and main objectives of the Central Bank of Iraq in working to promote sustainable development and prosperity and achieving well-being for citizens, the most prominent of which is the provision of adequate housing, and in a way that contributes to the growth of urban expansion and urban development,
it decided The Board of Directors of the Central Bank of Iraq issued a number of decisions that would provide additional amounts amounting to about (3) trillion dinars, which in turn will be reflected in the response to housing borrowing requests by citizens through (the Real Estate Bank and the Iraqi Housing Fund) in a facilitating manner, in support of the government’s directions in "This regard."
The statement added, “The Central Bank of Iraq directed the management of both the Real Estate Bank and the Iraqi Housing Fund to develop a well-thought-out plan for housing lending, through which it will receive requests from citizens wishing to borrow, in light of the government’s directives and in accordance with the contexts and regulations in force in each of them, taking into account Priorities in this regard, in a way that achieves the principle of justice among citizens, especially completed or under-complemented transactions.”
At the same time, the Board of Directors of the Central Bank of Iraq called on the government and the House of Representatives to provide support to the Real Estate Bank and the Iraqi Housing Fund, by allocating an annual amount within the federal general budget to enhance the capital of each of them, allowing them the opportunity to implement their policy of granting housing loans to citizens. https://www.mawazin.net/Details.aspx?jimare=248935
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
ProvokingThoughts and Points To Ponder on Failures and Mistakes
The man who has done his level best, and who is conscious that he has done his best, is a success, even though the world may write him down a failure.-B. C. Forbes
Good judgment comes from experience, and experience comes from poor judgment.-Anonymous
Life is very interesting, if you make mistakes.-Georges Carpentier
When I have listened to my mistakes, I have grown.-Hugh Prather
Mistakes and errors are the discipline through which we advance.-William Ellery Channing
http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html
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Chats and Rumors, Video, Vn Dong DINARRECAPS8 Chats and Rumors, Video, Vn Dong DINARRECAPS8
Iraqi Dinar Today Video Update Friday Afternoon 5-31-24
Finally Date AND Time Fixed Now – 2:02
Latest Exchange Rate Released Finally Biggest Announcement – 4:38
Vietnam Dong Final Value$3.88 US Dollar – 2:15
Iraqi PM Al SUDANI Announced IQD VS USD Exchange Rate – 4:59
US Treasury United State Give major Hint About IQD Rate And RV Time – 3:50
Iraqi Dinar Today Video Update Friday Afternoon 5-31-24
Finally Date AND Time Fixed Now – 2:02
Latest Exchange Rate Released Finally Biggest Announcement – 4:38
Vietnam Dong Final Value$3.88 US Dollar – 2:15
Iraqi PM Al SUDANI Announced IQD VS USD Exchange Rate – 4:59
US Treasury United State Give major Hint About IQD Rate And RV Time – 3:50
Finally Date AND Time Fixed Now – 2:02
Latest Exchange Rate Released Finally Biggest Announcement – 4:38
Vietnam Dong Final Value$3.88 US Dollar – 2:15
Iraqi PM Al SUDANI Announced IQD VS USD Exchange Rate – 4:59
US Treasury United State Give major Hint About IQD Rate And RV Time – 3:50
Read More
KTFA, News Dinar Recaps 20 KTFA, News Dinar Recaps 20
KTFA: Clare: Heavy security deployment near the Green Zone in Baghdad
5/31/2024
An Iraqi security source reported, on Tuesday, that security forces were deployed heavily in the vicinity of the “Green Zone” in the center of the capital, Baghdad.
The source told "Mawazine News", "Forces from the Special Division deployed near Al-Khadraa, Al-Jardiya, and Al-Dora, without knowing the reasons."
He pointed out that "the authorities have closed the gates of the Green Zone to the public, and only those holding badges (special cards for residents or workers in the area) are allowed to enter." LINK
KTFA:
Clare: Heavy security deployment near the Green Zone in Baghdad
5/31/2024
An Iraqi security source reported, on Tuesday, that security forces were deployed heavily in the vicinity of the “Green Zone” in the center of the capital, Baghdad.
The source told "Mawazine News", "Forces from the Special Division deployed near Al-Khadraa, Al-Jardiya, and Al-Dora, without knowing the reasons."
He pointed out that "the authorities have closed the gates of the Green Zone to the public, and only those holding badges (special cards for residents or workers in the area) are allowed to enter." LINK
Clare: It will be approved in a “special” session.. Parliamentary Finance: There is no intention to return the budget schedules to the government
5/30/2024
The Parliamentary Finance Committee said on Thursday that it or the House of Representatives has no intention of returning the budget schedules for 2024 to the federal government.
Committee member Hussein Moanis explained to Shafaq News Agency, “Last Monday, the Parliamentary Finance Committee hosted the Ministers of Finance and Planning to discuss many topics related to the budget schedules, including answering the questions of the committee members regarding increasing the financial allocation to the ministries and reducing the funds allocated to the governorates.”
He added, "The two ministers answered the questions that were directed to them during their hosting in the committee," noting that "the increase in financial allocation to the ministries came due to the presence of retained funds for the ministries from last year."
Mu'nis stressed that "the project funds allocated to the governorates can be disposed of this year." He pointed out that "the Parliamentary Finance Committee will work to make financial transfers from the ministries to the governorates, in addition to reducing the percentage of the deficit present in the budget tables."
A member of the Finance Committee confirmed that “there is no intention to return the budget schedules to the government, and that the House of Representatives will discuss the budget law schedules and then they will be approved in a special session.”
The day before yesterday, Tuesday, the coordination framework stressed, during a meeting attended by Prime Minister Muhammad Shiaa Al-Sudani, the necessity of approving the budget schedules to achieve the interests of citizens and support the economic situation.
The 2024 budget, according to what Prime Minister Muhammad Shiaa Al-Sudani announced yesterday, Sunday, amounts to 211 trillion dinars, and employee salaries for the year 2024 amount to 62 trillion dinars, while the 2023 budget amounted to 199 trillion dinars and employee salaries amounted to 59 trillion dinars.
According to Al-Sudani, the revenues of the 2024 budget are estimated at “144 trillion and 336 billion dinars, while expenditures amount to 210 trillion and 936 billion dinars, while the deficit is 63 trillion and 599 billion dinars.” LINK
************
Clare: Parliamentary Finance confirms the readiness of the budget tables for voting in Monday’s session
5/31/2024
The Parliamentary Finance Committee announced its readiness to present the federal financial budget schedules for the year 2024 in the Parliament session next Monday.
The head of the committee, Atwan Al-Atwani, said in a statement, a copy of which {Al-Furat News} received, “For days, the committee has continued to study and review the 2024 budget schedules, in detail, in order to complete them in the optimal manner, and to ensure the necessary financial allocations for all sectors,” adding, “After a series of meetings Intensive, during which we hosted the relevant ministers, today we are about to complete the task of discussing and reviewing the details of these schedules, in accordance with the Federal General Budget Law for the years (2023-2024).”
Al-Atwani continued, “The Finance Committee confirms its readiness to present its final report to the House of Representatives in next Monday’s session dedicated to approving the budget schedules and its annexes,” reiterating “the great keenness to enable the federal government to implement its service and development plans and programs in a manner consistent with its government program that the House of Representatives voted on.” We also affirm our full support for local governments, by increasing their financial allocations and ensuring the continuity of funding for projects with the aim of improving the reality of services in all governorates.” LINK
Clare: Al-Sudani: The path of development will restore Iraq's historical role in global trade
5/31/2024
Prime Minister, Muhammad Shiaa Al-Sudani, confirmed that the development road project means, according to current market equations and international trade movement, a link between the East and Europe through Iraqi and Turkish lands together.
Al-Sudani, during an interview conducted by Anatolia Agency, said: In the beginning, we must look historically at Iraq’s role in trade between the East and the West over many centuries, and I am not exaggerating if I say that since prehistoric times, Mesopotamia has been an easy trade corridor whose paths trade caravans prefer to follow. And standing and trading with its metropolises, cities and urban centres.”
He stressed that the path of development is essentially to restore this historical role, and the link between the port of Al-Faw and the Turkish border, according to the current market equations and the international trade movement, means a link between the East and Europe through Iraqi and Turkish lands together.”
The Prime Minister of Iraq explained that the region is witnessing conflicts and tensions that recede at times and escalate at other times, and this prompts us to focus efforts on projects that overlap in interests and overlap in benefits.
He added: The Development Road will provide an opportunity for the emergence of industrial cities on both sides of it, which will complement the trade passing through it. Later this year, we will inaugurate the first berths at Al-Faw Port, and the flow of goods through the Development Road route will begin initially.”
He continued, saying: All indicators, economic readings and feasibility studies, say that this corridor is the least expensive and fastest among the rest of the corridors. We do not say that it is an alternative, but rather regional and international trade really needs a path of development, as it is a linking project that promotes overlap in interests and causes of economic sustainability.
Following President Erdogan's visit to Iraq, Turkish Minister of Transport and Infrastructure Abdulkadir Oraloglu said that with the operation of the development road, the volume of trade with Iraq will increase from $20 billion to $30-40 billion.
Regarding the future volume of bilateral trade between Turkey and Iraq, which is currently estimated at about 20 billion dollars, the Prime Minister of Iraq said: The increase in the volume of bilateral trade with Turkey can be expanded vertically, but we are seeking vertical expansion as well. In short, this is the role of the Development Road Project and the projects attached to it. “.
He added: Experience and history have proven that the progress of a country alone and in isolation from its neighbourhood, is something that carries an unknown future despite all possibilities and conflicts. Therefore, we focus on increasing the capacity of exchange and actual partnership (with Turkey) is the guarantor of stability and deep, long-term relations.
He continued: In our relationship with our Turkish brothers, we also focused on one of the most promising sectors in investment and cooperation, which is the agricultural sector, and soon we will witness practical steps in this aspect, and the participation of Turkish companies.”
Regarding investments in Iraqi gas fields, the Prime Minister of Iraq said, in his interview with Anadolu: “Gas investment is a strategic test for Iraq, and our national wealth must be optimally employed in serving our people and development plans.”
He added: It is not possible to continue burning gas, firstly due to the waste of this wealth that can be benefited from, and secondly due to the environmental effects. We announced a special round of licenses to invest in gas fields.
He continued, saying: We plan for Iraq to be self-sufficient in domestic gas production within 3 years, and Iraq is moving confidently to be an important element in the gas market within 5 years, and we will achieve self-sufficiency in this material at the expense of electricity production.
The Prime Minister of Iraq said: Specialists know that the existence of a technological base for gas investment is at the same time a base for the broadest petrochemical industries, and this is what we seek.”
Regarding potential partnerships in these investments, the Prime Minister of Iraq indicated that the doors are open to every reputable and specialized company that wishes to participate in this sector, and we also welcome regional companies because they will expand the base of cooperation in other areas.
He added: It is important to understand that gas investment means providing additional resources for development in Iraq, which are resources that can be invested in various promising economic rights, and these areas will be open to the participation of Turkish companies and companies of other friendly countries.
Iraq's current production of natural gas is about 2.7 billion cubic feet, and according to previous estimates, Iraq has a reserve of 132 trillion cubic feet of gas, of which 700 billion cubic feet were burned, as a result of the weak ability to exploit it.
Regarding the flow of Iraqi oil, the Iraqi Prime Minister explained that stopping the pumping of Iraqi oil extracted from the fields of the Kurdistan region of Iraq is undoubtedly a loss for Iraq, and at least it is the loss of an expected benefit that can support development plans in the provinces of the region and strengthen the Iraqi economy as a whole.
He added: He added: We took the initiative to find acceptable settlements and legal solutions and solutions after a thorough legal study, but the matter is surrounded by a legal obligation, because the Federal General Budget Law requires calculating the cost of producing one barrel of oil in all fields to be within the national average of the cost of production, which is around $8 per barrel, according to what was announced. Federal Ministry of Oil.
He continued: But the Ministry of Natural Resources in the Kurdistan Regional Government, and within the contracts signed with the oil company operating there, the cost of production is calculated at around $26 per barrel, and we suggested to Imam that the budget law be amended, or that the agreements and contracts with these companies be amended.”
The Prime Minister of Iraq continued, saying: From this standpoint, companies stopped production, as the ban did not come from the federal government, and we are waiting for a solution to be found. The companies refused to amend the contracts, while the regional government agreed.
He explained that for these reasons, more work is required to find a legal solution that first ensures the rights of Iraq and its people to its wealth.
He added: As for transporting Basra oil through Turkish ports, the matter is subject to study and determining the economic feasibility first of all.
Currently, Iraq’s oil production is approximately 4 million barrels per day, according to data from the Ministry of Oil and the Organization of the Petroleum Exporting Countries (OPEC), while it imports about 25 million liters of gas oil, gasoline, and white oil daily, in addition to natural gas.
According to previous statements by Al-Sudani, Iraq intends to be self-sufficient in oil derivatives, stop imports, and save $3.2 billion. LINK
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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20
Friday Evening News with MarkZ
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Friday Night….Hope everyone finds a way to have a little fun this weekend
Member: Another weekend almost here still zip!
Member: can someone pull the frigging bandaid off already?
MZ: Steve Forbes sat down with Ron Paul and they talked about the new gold standard today on the Liberty report. Guest was Phillip Patrick from Birch Gold. This was a fantastic one talking about How do we switch” What does it look like? Are we preparing ect……?They are talking about the need and the transition for a gold standard.
Friday Evening News with MarkZ
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Friday Night….Hope everyone finds a way to have a little fun this weekend
Member: Another weekend almost here still zip!
Member: can someone pull the frigging bandaid off already?
MZ: Steve Forbes sat down with Ron Paul and they talked about the new gold standard today on the Liberty report. Guest was Phillip Patrick from Birch Gold. This was a fantastic one talking about How do we switch” What does it look like? Are we preparing ect……?They are talking about the need and the transition for a gold standard.
MZ: It’s encouraging that many are talking about this. Denmark says they are preparing for a Gold Standard…..As are BRICS countries. The world is going commodity backed now….It’s just a matter of time.
MZ: The world is preparing: “India Cenbank moves 100 tons of gold from UK to domestic vaults” This story has been shared all over the place. They do not trust the west.
MZ: “Sergei Lantrov –BRICS group is ready to welcome representatives from different economic and political systems” This is important. He says” Countries who want to join BRICS should be familiar with the principals of sovereign equality of states” In other words – you and I are sovereign….our money is sovereign and it’s based on assets.
MZ: RV related news has been quiet today as expected. I don’t expect any big news until late Sunday into mid day on Tuesday . But, I am very much expecting a quiet weekend.
Member: per TNT Tony, vote on the Iraq budget Monday, 3PM their time
Member: Iraq about done .. Gaza about done ... Ukraine about done ... US about done .... we gotta be close to done ..
Member: Got word from platform, saying that they are hearing that Monday will be liberation of funds. In Reno
Mark : I got a short bank story tonight. This is from central N. Carolina. Popped into a branch to do other banking ans while there I asked the person “Are you ready for currency exchanges? Are you trained for it? They said we are not trained but we know about it. Then another officer came in and was asked Are you aware of the currency exchanges and when higher ups train you – will you be ready? And the reply was “yes” They know its coming.
Member: Mark is it possible that Tier 4 redemption center banks are trained and ready ahead of those Tier 5 general public banks that perhaps aren't yet trained??
MZ: Makes sense to me
Member: what happens if all doesn't go at the same time, will we be notified again for the late ones???
MZ: Yes.
Member: Remember- 6/9/24 Ends the contract between Saudi Arabia and USA for purchasing oil with only USA money. This contract will NOT BE RENEWED
Member: We appreciate your info Markr. Hopefully Dinar hits this weekend
Member: Hoping June is our month…..sigh.
“THE CONTENT IN THIS PODCAST IS FOR GENERAL& EDUCATIONAL PURPOSES & NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY”
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.
TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com
STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx
GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANK YOU, MARK AND COMM FAMILY!! WE WILL SEE ALL OF YOU AT 9:45 AM EST TOMORROW, UNLESS SOMETHING HAPPENS, FOR ANOTHER GREAT PODCAST... CBD GURU CREW FOR THE FIRST 45 MINUTES, THEN THE NEWS!!
https://www.youtube.com/watch?v=2noKwg9TmzA
***************
Steve Forbes on The New Gold Standard with Guest Philip Patrick from Birch Gold
The Liberty Report: 5-31-2024
The New Gold Standard is coming, as told by famous economist Steve Forbes...Tune in to this Episode with Ron Paul and Special Guest Phillip Patrick from Birch Gold as they discuss the future of gold and the economy.
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Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8
Goldilocks' Comments and Global Economic News Friday Evening 5-31-24
Good Evening Dinar Recaps,
"Professor Frank Gunter publishes a new paper commissioned as part of a series by IBBC's advisory council on the challenges of de-dollarisation for Iraq.
The Advisory Council members and IBBC members have actively contributed to the paper in the past 4 months. It will be presented online on the 18thJune in a webinar and in person at the Spring Conference on 2ndJuly."
Professor Gunter shows an analysis on the drivers inside the market that impact the Iraqi Dinar exchange rate and how to close the gap between the Parallel Market and Official Rate of the Iraqi Dinar.
Goldilocks' Comments and Global Economic News Friday Evening 5-31-24
Good Evening Dinar Recaps,
"Professor Frank Gunter publishes a new paper commissioned as part of a series by IBBC's advisory council on the challenges of de-dollarisation for Iraq.
The Advisory Council members and IBBC members have actively contributed to the paper in the past 4 months. It will be presented online on the 18thJune in a webinar and in person at the Spring Conference on 2ndJuly."
Professor Gunter shows an analysis on the drivers inside the market that impact the Iraqi Dinar exchange rate and how to close the gap between the Parallel Market and Official Rate of the Iraqi Dinar.
The Iraq Britain Business Council (IBBC) has been working closely with Iraq to help assess and meet the needs of the Iraqi private sector. These assessments inside this research paper will go a long way towards the implementation of meeting the needs of Iraq's private citizens through a determination of an exchange rate that can do so.
Practical policy initiatives are mentioned in this paper to carry forward new monetary policies. They are not calling this project a white paper, but it sure does have all the hallmarks of one.
These new measures are inclusive of budgetary needs for the Iraqi people. One of the items on the CBI website presented today is instructions on home loans. A mortgage is calculated with the inclusivity of an exchange rate to support it.
It is clear that the Iraqi Dinar is moving towards a credit valuation adjustment that can support the needs of their people and Government.
Iraq Britain Business Investopedia Iraq Britain Business 2 Indeed CBI
© Goldilocks
~~~~~~~~~
"The path to adopting digital asset securities begins with collaboration. Introducing the Digital Asset Securities Control Principles framework, in collaboration with @Clearstream, @EuroclearGroup and @BCG."
This is the Depository Trust and Clearing Corporation (DTCC) White Paper that describes our movement towards T+0 settlements or instant settlements.
In order to achieve the full spectrum of the QFS being utilized as a Global Economic System, instant settlements have to be in play to level the playing field. Asset Servicing Times DTTC Ledger Insights
We now have a framework to work from to move towards achieving these objectives.
© Goldilocks
LINK to the white paper document :okt.to/1kdFLM
~~~~~~~~~
"Commissioner Pham Announces Agenda for Global Markets Advisory Committee Meeting on June 4" |CFTC
Meeting Agenda:
* Basel 3 Capital proposals and impacts
* Trading impacts with these new credit valuation adjustments
* Impact on Global Market Structures and how this affects liquidity swaps at swap execution facilities
Do you see how we are moving into a phase whereby research on credit valuations and their adjustments are becoming important?
This report will include an assessment of where the International community is at the present time in the integration into the QFS.
© Goldilocks
~~~~~~~~~
Let's take a closer look at hype today. "To promote or publicize (a product or idea) intensively, often exaggerating its importance or benefits."
In society, hype can significantly influence what people think and buy. It is a form of manipulation used for a specific outcome that usually focuses on giving attention to the one sharing its contents.
When you provide an idea that is bigger than it actually is, you alter a person's mind and emotions to focus his or her attention towards the creator of its contents.
This kind of stimulus/response over time has the ability to control the overall actions and mindset of a person to the point of losing a concept of reality that separates a person from self-reflection and self-determination.
Here, a dependency is created for their followers who have not been empowered to think for themselves and totally rely upon their leaders to determine their minds and emotions experiences.
We at the "Seeds of Wisdom Team" have been focusing on factual content to help get us to the end of this ride known as the Global Currency Reset.
We are at this point whereby paying close attention to facts is so valuable to the determination you make at the time of your exchange.
I know I speak for the entire team when I say that it has been a privilege to serve the authentic needs of this community with integrity and dignity.
God Bless each of you.
© Goldilocks
~~~~~~~~~
The Singapore Innovation Hub Centre |Youtube
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BISness podcast - Finternet: the financial system for the future |Youtube
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Bearish Dow future 37,500.
~~~~~~~~~
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Bruce’s Big Call Dinar Intel Thursday Night 5-30-24
Transcribed By WiserNow Emailed To Recaps
Welcome everyone, to tonight's call on Thursday, May 30th and you are listening to the big call.
And tonight, we are going to be Sue and Bob. And of course we're going to be missing Bruce. And if you were listening just a minute ago you were listening to Bob and I share that Bruce is still on his healing recovery journey. And you know, we're missing him. Yes. But what's most important is that everybody that's listening to this call are holding him in the most remarkable healing and recovery and sending him love and understanding.
As I was talking to you Bob, I was thinking this is going to be all about community in the future, and to have a community that can step in and, you know, pinch hit, as I said, and provide what you need.
It's going to be very important - and I’ve really learned that in the past couple of days . getting a chance to talk to Bob you know and just sharing that you've got people around you that care about you, and that can take over to go somewhere. Just remember that. And with that, we'll get started And say, Bruce we're thinking of you and open with a prayer,
Bruce’s Big Call Dinar Intel Thursday Night 5-30-24
Transcribed By WiserNow Emailed To Recaps
Welcome everyone, to tonight's call on Thursday, May 30th and you are listening to the big call.
And tonight, we are going to be Sue and Bob. And of course we're going to be missing Bruce. And if you were listening just a minute ago you were listening to Bob and I share that Bruce is still on his healing recovery journey. And you know, we're missing him. Yes. But what's most important is that everybody that's listening to this call are holding him in the most remarkable healing and recovery and sending him love and understanding.
As I was talking to you Bob, I was thinking this is going to be all about community in the future, and to have a community that can step in and, you know, pinch hit, as I said, and provide what you need.
It's going to be very important - and I’ve really learned that in the past couple of days . getting a chance to talk to Bob you know and just sharing that you've got people around you that care about you, and that can take over to go somewhere. Just remember that. And with that, we'll get started And say, Bruce we're thinking of you and open with a prayer,
Um – so quess what time it is? We have a woman – Bob in our -- wait – we have two women – excuse me Miss J – we have two women in our leadership group that I hope people will take advantage of and it will be talkling about it at the end of this call. We had like a little bell - we’re hearing it in our head - phone numbers going into your head - and isn’t that what you want to hear and is it not giving you a little dopamine rush. Well, it's dope. It's dopamine rush and intel time. I think it's gonna be hearing from one of them. I think it's gonna be pretty strategic.
So tonight, we're going to talk about what a number of people pointed out to me with the possibility that Bruce wasn’t going to show up and that is that most likely people are reeling from the political news about President Trump. And I'm just going to be apolitical, but just put perspective on this.
Just like I said on Tuesday, we are in a covert war, a covert war, which is about healing the toxic invasive pervasive negativity and unfortunately, weaponizing zation of harm to humanity, That's the best way to say it - And the most truthfully I can say it without, you know, going into it anymore
So we've heard from different people that the perspective on the verdict with President Trump is being used so that we can see that system in full play, we can see what a really negative, really unfair, really, remarkably weaponized system can do And so it's out in plain sight. So do not be discouraged - the point I'm speaking to a person with a big capital T
What whenever he's listening or when or if I'm gonna get a text. You can't be discouraged by the optics, and it's hard not to be discouraged by the optics – how can this be happening.
On my top guy, this is all part strategy to round up. It's like it's right there in front of your face and it’s going to use to secure a much more powerful outcome. So please, don't take my word for it. But just put your ---- let that be a possibility. for you. In other words, I want to I want people to use critical thinking.
Can't overthink this too much - Because there's so much going on in the background in the background, to clear the field and give us a fresh, clean, detoxified start -
We're going through detoxification, and if anybody's ever done a fast - , anything where you're cleansing something negative from your system, we're all doing what cleaning out in the outside world.
Ask yourself, am I going through anything where I'm having to look at, does it need to be with me any longer and you might be surprised at how powerfully the inside and the outside are matching. So that's that's the first start on our intel for tonight. We're hearing not to be discouraged - hold the vision of the 800 numbers to hold the vision that this is all already handled -. And I know how hard that is – when people do these broad strokes and you're not getting the granular like - what does that mean -
after 9 ½ years decoding intel - You don't think I know what you guys are going through of course - But in this case, to support your well being - trust that what is happening that you can't see God has one operationalize that and walk in that confidence.
If you do that, you help her get on the planet. So that's one strategy – Two – now let’s get into more intel -
The Intel is that we have our number one guy has a gentleman -- I have to be careful how I say this. – who sent to him that – he was moving from one position of authority into another position of authority and had access to Intel that said the numbers should be coming out to us today or tomorrow.
Nathan's very high position, not a bondholder, nothing. He's not going to say what his position is because I don't want to jeopardize his mission. But he was in a very high level of authority and said that the numbers will be coming out either today or tomorrow.
Bruce, how often say, because this is a more things more But to know that that was said, is very important.
And I got another piece of intel that pointed it out and really significant that as of the 31st , which is tomorrow at midnight Mara largo will drop it's no fly zone. – that’s really remarkable.
You'll be able to fly over Mar a Lago.
Think about what that means. strategically. Why would that be happening? why would why wouldn't something with Trump be happening? Why Mar a Lago be dropping the no fly zone?
Do we have three or four confirmations of that? No. Is it coming from a trusted source? Yes. Do we just use these things as possibilities that are lining up. - While you focus on what you have to do in your daily life. You can't I think we've all learned I certainly have learned can't lean your ladder up against this wall. And you're moving war zone Don't lean you're ladder up against Sue.
This period is about to teach you would sharpen you and finally the most significant piece we have that we have about what could potentially be happening Is that what's going on Trump? What's going on with Mar a largo and if this intel holds up about the numbers coming out, and that's why we're running a class on Monday and Wednesday.
June 1 is right around the corner would they be positioning so we can be kicking off June 1 And I know there are other Intel strands that are out there - But another source was saying - and this thanks to Jane and K that he is very excited about where this is - he couldn’t say what was going on, but he was very excited about it - It's incredibly quiet - incredibly quiet.
Let's - let your let your heart kind of understand when they things are done and compete what’s it like? What’s it like when a shopping center when built and the lights are there but it's like built and it's quiet and everything has to move into it. It’s Quiet still.
Not a lot of information is I think we're in a place where everything is poised. And I particularly in keying off the MAR a Lago thing as extraordinary information - so what I would do if I were you – keep your eye on your email - just be witnessing, you know looking at it.
Make sure that as you do that - well and intel psychology. Let's get a text on that. Intel in el psychology - as a lot of this is really like being I feel like a sports psychologist.
It's like learning how to play the game. This is an unbelievable marathon and everybody's a victor in it. No matter how you feel like you've done because you played this game for God.
I mean, you should. You should be with yourself in the morning and going you are one bad you know what? For God but keep your focus on your day to day while also seeing that You can be focusing on what you're going to be creating, how you want to be living, how you want to be inspired, your projects. That's the part that's going to be giving you meaning creativity and hope – and Creativity.
That's what's gonna do it for you.
So that's our intel for tonight. And I just want to thank Bob, for your incredible remarks and teaching for offering the 30% off sale, please take advantage of the sale. Because to have access to what is going to support you in staying healthy and not declining. is probably the most one of the most significant things you could do to care for yourself.
So join us and think all we have to do to be successful. Thank you for quitters And for his incredible right and let's really thank Bruce for having started as called tunity to express our our passions to help you express yourself and passion question, and you're passionate about being prayer, to honor the Lord Jesus. We're here because of the incredible being by the name of Bruce. To see him surrounded by all of our love all of our appreciation or gratitude for Yeah. Of his service for his wacky funny heart for the joy he's given if he was going for a personal challenge.
Bruce’s Big Call Dinar Intel Thursday Night 5-30-24 REPLAY LINK Intel Begins 1:04:40
Bruce’s Big Call Dinar Intel Tuesday Night 5-28-24REPLAY LINK Intel Begins 1:08:00
Bruce’s Big Call Dinar Intel Thursday Night 5-16-24 REPLAY LINK Intel Begins 1:09:09
Bruce’s Big Call Dinar Intel Tuesday Night 5-21-24REPLAY LINK Intel Begins 1:05:15
Bruce’s Big Call Dinar Intel Thursday Night 5-16-24 REPLAY LINK Intel Begins 1:13:23
Bruce’s Big Call Dinar Intel Tuesday Night 5-14-24 REPLAY LINK Intel Begins 1:10:00
Bruce’s Big Call Dinar Intel Thursday Night 5-9-24 REPLAY LINK Intel Begins 51:51
Bruce’s Big Call Dinar Intel Tuesday Night 5-7-24 REPLAY LINK Intel Begins 1:05:15
Bruce’s Big Call Dinar Intel Thursday Night 4-25-24 REPLAY LINK Intel Begins 1:13:20
Bruce’s Big Call Dinar Intel Tuesday Night 4-30-24 REPLAY LINK Intel Begins 59:25
Bruce’s Big Call Dinar Intel Thursday Night 4-25-24 REPLAY LINK Intel Begins 1:21:11
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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20
Gold Telegraph: Zimbabwe is Now Experiencing Deflation with ZiG
Friday, 31 May 2024,
Gold Telegraph @GoldTelegraph
After years of devastating inflation, Zimbabwe is now experiencing deflation with the introduction of its gold-backed currency. Hilarious. It has gained 1.9% against the dollar since it was launched.
Gold is like a magic remedy for a broken economy.
Gold Telegraph: Zimbabwe is Now Experiencing Deflation with ZiG
Friday, 31 May 2024,
Gold Telegraph @GoldTelegraph
After years of devastating inflation, Zimbabwe is now experiencing deflation with the introduction of its gold-backed currency. Hilarious. It has gained 1.9% against the dollar since it was launched.
Gold is like a magic remedy for a broken economy.
TNT:
Tishwash: Iran: Iraq is one of the richest countries in the Middle East
The head of the Department of Land Development and Regional Development at the Iranian Planning and Budgeting Organization, Jaafar Hosseini, announced the export of 2,200 Iranian goods to Iraq, amounting to about 12 billion dollars, while noting that Iraq is one of the richest countries in the Middle East.
On Monday, a meeting was held entitled “Discussing the opportunities and challenges of attracting Iraqi investors and enhancing bilateral trade relations in line with Iran’s position in regional value chains,” in the presence of representatives of the Ministry of Foreign Affairs, the Iranian Investment and Economic and Technical Assistance Organization, the Iranian Trade Development Organization, and the Iranian Chamber of Commerce, Industry, Mines and Agriculture.
The meeting included representatives of the two countries' foreign ministries, the Iranian Investment and Economic and Technical Assistance Organization, the Iranian Trade Development Organization and the Iranian Chamber of Commerce, Industry, Mines and Agriculture.
Jaafar Hosseini said in press statements: Since we are at the beginning of the Seventh Plan, and with the aim of financing this plan, attracting local private sector funds and foreign investments, especially from neighboring countries, have been included on the agenda.
He added: Iraq is considered one of the richest countries in the Middle East, in that it possesses 85 billion dollars in foreign exchange reserves, 130 tons of gold reserves and 147 billion reserves, confirmed from a barrel of crude oil (ranked fourth in the world), explaining that it achieved from selling crude oil an income equivalent to $76 billion in 2021, and $120 billion in 2022.
He explained that, with the establishment of relative stability in Iraq and the development of cooperation and trade infrastructure between the two countries over the past twenty years, Iranian exports to Iraq have grown significantly to achieve 15-fold, rising from about 600 million dollars in 2003 to more than 10 billion dollars in the year. the past.
He stated that out of 3,500 Iranian goods exported to the world, there are currently more than 2,200 goods currently exported to Iraq, pointing out that more than half of Iranian traders active in global markets are present in the Iraqi market, and Iranian exports to Iraq are not limited to goods only, but go beyond This includes technical and engineering services and electricity, which are other important elements of Iranian exports to Iraq, which amounted to about 12 billion dollars.
Referring to the strengthening of trade and economic relations between Iran and Iraq, Hosseini stressed the need to strengthen the commercial infrastructure of Kermanshah Province as it is the most important route and corridor for Iran’s exports to Iraq, adding that it is necessary to develop the commercial infrastructure in order to facilitate and simplify trade between the two countries, and to educate and encourage merchants to Investing in Iraq, developing business by sending and receiving business delegations, participating in exhibitions in both countries, establishing Iranian business centers in Iraqi cities, and enhancing the trade balance by developing imports from Iraq.
Hosseini said that despite the large oil income that Iraq has achieved in recent years, the unemployment rate in this country is very high, especially among young people, and he indicates that consumer industries are very important for this country in order to create job opportunities and attract foreign capital.
Hosseini touched on the important and priority activities of Iran in Iraq, including: compensating part of the trade surplus surplus with Iraq by importing oil from this country and exporting it from the port of Jask, and assisting in the presence of Iranian companies in the field of distributing petroleum products, especially in downstream and upstream activities, and establishing A complex network at the retail level in order to help provide job opportunities for Iraqi youth, and also develop platforms related to the distribution of goods and services or transportation within cities to help the employment situation, especially for educated youth.
He added: In addition, establishing joint border industrial cities with the aim of transferring part of the value chain of industries used in the fields of food industries or textile industries to Iraq, taking into account the possibility of re-exporting from this country, and also establishing a trade corridor to import food products from Central Asia. Russia and export local products from the western borders.
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is showing a report on paper from IBBC on the de-dollarization inside of Iraq. They're telling us they've been doing it all this time...They even talk about that part from the World Bank discussion on changing the dinar exchange rate. It's powerful. This is all on the news. FRANK: The monetary reform education to you citizens will get very loud...
Yada Article: "Parliament sets next Monday as the date for the session to approve the budget schedules" ...we are not waiting on their vote, their vote will happen after the release of the rate. IMO, the rate for the budget voted upon in June 2023 is what we are about to see...any moment. The budget they vote on on Monday is the rate change for the newest contract since Jan 24 this year...All the more expecting to see the rate any moment now.
BRICS Bombshell: Thailand’s Membership Bid Confirms Asia’s De-Dollarization Shift
Sean Foo: 5-31-2024
In a big update, Thailand is moving fast to be the first Southeast Asian country to join BRICS. This ASEAN country wants to find bigger economic opportunities, especially with China, to grow their economy.
This spells economic doom for the West & the US financial system. De-dollarization will continue to accelerate and the multi-polar world is forming fast.
Timestamps & Chapters:
0:00 Thailand's Bombshell Bid
2:41 Asia Pushes De-dollarization
5:49 Cheap Commodities & Faster Growth
8:46 Why Asia Chooses BRICS
12:11 BRICS Will Isolate G7
LIVE! Economic MELTDOWN Worsens. FAKE GDP Numbers. Home Sales NOSEDIVE. Trade Gap WIDENS.
Greg Mannarino: 5-31-2024
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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20
Crisis For Bullion Banks Amid Surging Metal Prices | Alasdair Macleod
Liberty and Finance: 5-31-2024
Physical silver and gold are being drained from the major exchanges, and the bullion banks are losing control of the gold and silver prices, according to bullion researcher and former bank director Alasdair Macleod .
This could lead to a crisis on the exchanges and a crisis for bullion banks. While the prices of precious metals have been manipulated in the West, the West has spread anti-gold propaganda, says Macleod.
But the East has continued to accumulate, probably far more than what is officially reported.
Gold is certainly going to reassert itself as money, he says, and the remonetization of gold will spell disaster for the Dollar.
Crisis For Bullion Banks Amid Surging Metal Prices | Alasdair Macleod
Liberty and Finance: 5-31-2024
Physical silver and gold are being drained from the major exchanges, and the bullion banks are losing control of the gold and silver prices, according to bullion researcher and former bank director Alasdair Macleod .
This could lead to a crisis on the exchanges and a crisis for bullion banks. While the prices of precious metals have been manipulated in the West, the West has spread anti-gold propaganda, says Macleod.
But the East has continued to accumulate, probably far more than what is officially reported.
Gold is certainly going to reassert itself as money, he says, and the remonetization of gold will spell disaster for the Dollar.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Physical silver & gold supply
12:08 Inflation & depression
34:30 Banking system
40:07 Anti-gold propaganda
48:15 Gold reserves
Citigroup Sounds The Alarm On Complete Economic Collapse
Atlantis Report: 5-31-2024
Citigroup, one of the world's leading banks, has made a shocking announcement about the looming threat of a complete economic collapse.
This alarming forecast comes amidst growing concerns over the state of the labor market, which has shown signs of deterioration that could have far-reaching consequences for the nation's economic stability.
The warning has prompted governments, corporations, and individuals to prepare for an unprecedented economic calamity.
US Panic: FED Admits The Economy & Dollar In Danger As Countries Lose Faith In U.S. Debt
Sean foo:
The US economy is in trouble and the Fed has admitted even the dollar is facing danger as well. Because of uncontrolled deficit spending and sanctions, America's economic path is unsustainable. Here's why countries are exiting US debt and why the ending looks bad.
Timestamps & Chapters:
0:00 Fed US Dollar Warning
2:46 Countries Exiting US Debt
5:55 Unsustainable Spending Crisis
7:46 Sponsor: Indigo Precious Metals
9:12 Deadly Debt Spiral
10:51 Protectionism Backfires Bad
13:08 America's Big Trust Deficit
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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20
TNT: Tishwash: A parliamentary committee determines the main reason for not approving the oil and gas law.. What is Kurdistan’s relationship?
The Parliamentary Oil, Gas and Natural Resources Committee confirmed that there were legal violations committed by the Kurdistan region that prevented the approval of the Oil and Gas Law.
Committee member MP Kazem Al-Touki said, in an interview followed by Al-Eqtisad News, that “the oil and gas law does not suffer from technical obstacles, but the main obstacle to its approval in the House of Representatives is the Kurdistan region.”
He added, "The region has problems regarding some points related to the rate of deduction of amounts for each barrel of oil produced in Kurdistan, in addition to the fact that the regional government has had contracts since the 1990s with companies to extract oil in violation of the law."
He stated that "the region violated the laws by contracting with companies to extract oil at high costs, unlike what is happening in other governorates, and these companies should be reconsidered in terms of contracts and financial costs for extracting oil."link
TNT:
Tishwash: A parliamentary committee determines the main reason for not approving the oil and gas law.. What is Kurdistan’s relationship?
The Parliamentary Oil, Gas and Natural Resources Committee confirmed that there were legal violations committed by the Kurdistan region that prevented the approval of the Oil and Gas Law.
Committee member MP Kazem Al-Touki said, in an interview followed by Al-Eqtisad News, that “the oil and gas law does not suffer from technical obstacles, but the main obstacle to its approval in the House of Representatives is the Kurdistan region.”
He added, "The region has problems regarding some points related to the rate of deduction of amounts for each barrel of oil produced in Kurdistan, in addition to the fact that the regional government has had contracts since the 1990s with companies to extract oil in violation of the law."
He stated that "the region violated the laws by contracting with companies to extract oil at high costs, unlike what is happening in other governorates, and these companies should be reconsidered in terms of contracts and financial costs for extracting oil."link
Tishwash: Baghdad Stock Exchange closes due to instability in dollar prices
The exchange rates of the US dollar continued to be unstable against the Iraqi dinar, with the close of trading on the Al-Kifah Stock Exchange today.
Selling prices in exchange shops recorded 146,000 dinars for 100 dollars, while purchasing prices reached 144,000 dinars for 100 dollars.
Economic specialists warned of the sudden rise of the dollar, noting that the reason was due to speculators withdrawing the American currency from the market and selling it later at high prices, which negatively affects the stability of the financial market and the local economy.
************
CandyKisses: Abu Saeeda: American forces will not withdraw from Iraq, and the nature of their presence will be changed
Information / Baghdad...
The head of the movement and the presence of Mohammed Sharif Abu Saida, ruled out the withdrawal of US forces from Iraq, expecting to change the status of their presence.
Abu Saida told Al-Maalouma that "America controls 3 of the largest military bases in the region, Ain al-Assad, Harir and Victoria inside Iraq and al-Tanf near the Iraqi-Syrian border."
He added that "the extension of the state of emergency in Iraq by US President Joe Biden is an explicit confirmation of the continued presence of his military forces in Iraqi territory," pointing out that "the visit of Prime Minister Mohammed Shia Al-Sudani to Washington last month did not discuss the file of withdrawal of US forces from Iraq."
"Anyone who talks about a systematic withdrawal of US forces from Iraq is delusional, as what will happen is to change the status of these forces from a combat soldier to an advisor," he said.
*************
Tishwash: Adopting international standards brings Iraq closer to the International Labor Organization
Consensus on the importance of strengthening the work sectors in the public and private sectors, and in the financial sector in particular, by adopting governance, risk management and compliance procedures and their role in evaluating performance to achieve goals and avoid economic diseases of all kinds, and to bring Iraq closer to the international labor system.
Advisor to the Prime Minister for Financial Affairs Dr. Mazhar Muhammad Saleh said during the Governance, Risk Management and Compliance Forum organized by the House of Wisdom for Training and Consulting: The importance of the forum stems from focusing on three axes that are extremely important for evaluating performance within institutions, whether public or private, pointing out that governance does not allow deviation from compliance rules. The basic principles are that creating performance paths that serve the country requires commitment to these important and internationally recognized standards.
Saleh stressed that adherence to established policies is extremely important in the internal auditing process and is no less important than high disclosure and transparency, pointing out the importance of there being true integration in building human capabilities through solid training and education curricula that create competencies that rise to world-class performance.
The speech of the Acting Chairman of the Finance Committee, Atwan Al-Atwani, which was read out, confirmed that the issue of governance in public and private institutions receives international, regional and local attention as a result of the expansion of the size of institutions, due to the technological development witnessed by the world and the challenges that have been created that require a new business philosophy.
He pointed out that the GRS system is of great importance, especially in the banking sector, as well as for adopting a huge amount of data in public and private institutions via the Internet, and to achieve the goals of this system, we find that it turns data into smart data of value for institutions.
As for the authorized director of the House of Wisdom for Training and Consultations, Hisham Khaled Abbas, he stated that the forum represents a new approach that expands the importance of this concept, and that the role of governance is to promote effective management that achieves results that enhance the reality of the institution, succeeds in achieving goals, and touches on the broader results and objectives of the national economy seeking to evaluate performance and advance the economy. in general.
He stated that keeping pace with global developments is extremely important and brings us close to the international labor system and enhances confidence in the Iraqi labor market, which is looking for an international presence to complete many works, especially in the investment field in various sectors without exception, at a time when we find many major and specialized international companies looking to... Iraq is of particular importance and the business environment is studied very carefully.
Abbas pointed out that governance, compliance, and risk management are important axes that keep us close to important international and regional economies. link
Mot: Don't Get it!! -- what ever Does he Mean!!???
Mot: Yeppers - finded sum
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Iraqi Dinar Today Video Update Late Thursday Evening 5-30-24
Chase Bank Manager Said The Iraqi Dinar Will Be At The New Rate – 4:02
United State & IMF Decided Active Rate Change – 6:20
Amazing Iraqi Dinar RV Approved Enjoy – 4:28
Iraqi Dinar Today Video Update Late Thursday Evening 5-30-24
Chase Bank Manager Said The Iraqi Dinar Will Be At The New Rate – 4:02
United State & IMF Decided Active Rate Change – 6:20
Amazing Iraqi Dinar RV Approved Enjoy – 4:28
Chase Bank Manager Said The Iraqi Dinar Will Be At The New Rate – 4:02
United State & IMF Decided Active Rate Change – 6:20
Amazing Iraqi Dinar RV Approved Enjoy – 4:28
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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 Fri. 31 May 2024
CompiledFri. 31 May 2024 12:01 am ESTby Judy Byington
Judy Note: The new monetary system known as theQuantum Financial System (QFS)will end the Cabal’s corruption, usury, and manipulation within the banking industry. The QFS is ready for its implementation, and is waiting behind the coulisses. This new Quantum Financial System is set to be run on a quantum computer that is based on an orbiting satellite, and is protected by Secret Space Programs to ensure that it cannot be hacked.
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 Fri. 31 May 2024
CompiledFri. 31 May 2024 12:01 am ESTby Judy Byington
Judy Note: The new monetary system known as theQuantum Financial System (QFS)will end the Cabal’s corruption, usury, and manipulation within the banking industry. The QFS is ready for its implementation, and is waiting behind the coulisses. This new Quantum Financial System is set to be run on a quantum computer that is based on an orbiting satellite, and is protected by Secret Space Programs to ensure that it cannot be hacked.
Global Currency Reset: (Opinions)
Judy Note: In my opinion it appeared that Tiers 1 and 2 have been funded and Bond Holders may have received liquidity on Wed. 39 May – the same day they finalized regulations for the Global Currency Reset. Tier 3 was apparently under Non Disclosure Agreements so they may already have liquidity. Tier4b (Us, the Internet Group) could be notified for exchange appointments any time from Sat. 1 June to Tues. 4 June, with a final D Day of Thurs. 6 June. The Tier4b exchange/ bond redemption process was hoped to be finished by Sat. 15 June and if not, there was a back wall date of Thurs. 4 July when it was believed that the GCR would be announced to the General Public.
Thurs. 30 May 2024 Wolverine: “Beautiful news came through this morning that we were going to start tomorrow Fri. 31 May. We’ve heard this before but I’m praying that it becomes a reality tomorrow. It is a process which should be finished by June 15th. Thurs. 6 June is D Day.”
Thurs. 30 May 2024 Bruce (by Sue): High Sources says 800 numbers today or tomorrow Fri. 31 May and could kick off on Sat. 1 June.
Thurs. 30 May 2024 Bank Story, Anon: “Today at 3am my wife got a text message from Santander Bank stating that her Google pay setup using the Santander Card had been cancelled. I spoke to the tech support and asked him are you on QFS? He said yes they are on Quantum Financial System. That Santander was on the QFS was very exciting news.”
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Global Financial Crisis:
Fed Chair Jerome Powell and the FOMC tomorrow. The Federal Reserve plays a pivotal role in managing the U.S. monetary policy, including the control of money printing and interest rates. Since 1971, the U.S. dollar has operated under a fiat monetary system, meaning it is not backed by gold or any other physical commodity. Instead, its value is based on the “full faith and credit” of the U.S. government. The Federal Reserve’s decisions on interest rates can impact borrowing costs, inflation, and the national debt. Lowering interest rates can make borrowing cheaper, potentially increasing the national debt. This has raised concerns about the sustainability of the U.S. debt, with some viewing it as a potential bubble or Ponzi scheme. https://t.me/USDebtClockAmerica
Thurs. 30 May 2024: US Debt Clock: Wake-up Call to the Republic – 22 States Sue the Fed Seeking Audit of Private Banking Syndicate – American Media Group (amg-news.com)
Read full post here: https://dinarchronicles.com/2024/05/31/restored-republic-via-a-gcr-update-as-of-may-31-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Iraq has not...been paying for things for 1310 through the dinar. They've been using oil money in dollars...That's going to cease. We already know they've got about 90% of all of the commercial activity in Iraq [aside from Kurdistan] using the dinar in-country. They talked many times that liquidity is tight in Iraq with the dinar...All the citizens that are dealing in dinar and own dinar, I think they're going to be in good shape. If you're only dealing in the dollar and they change the value of the currency...you are going to suffer...
Pimpy Article: "Expert: The Iraqi economy is witnessing a remarkable growth, with the decline in the dollar exchange rate." This is good. We need this to happen. Iraq needs it to happen. More importantly the policies that are being implemented by Iraq are favorable amongst the IMF, World Bank and all those people who are involved with making sure Iraq stay on track, stops laundering money and financing terrorist. The more Iraq continues to stay on track and prove to the world they are going to behave themselves for now on the doors open for Iraq to rejoin the international community...
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