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News DINARRECAPS8 News DINARRECAPS8
Iraq Economic News and Points To Ponder Late Tuesday Evening 6-4-24
Financial Inclusion In Iraq: A Success Story That Defies The Odds
Time: 06/04/2024 18:48:26 Read: 1,105 times {Economic: Al-Furat News} In the wake of the American invasion of Iraq in 2003, the financial system collapsed and the phenomenon of hoarding money pread, as a result of the loss of confidence in the banking sector after the closure of most branches of foreign banks operating in Iraq, and the faltering of some local banks.
To address this crisis, the Iraqi Deposit Insurance Company began establishment procedures in 2008 with the aim of protecting depositors’ funds and enhancing their confidence in the banking system, which is vital for achieving sustainable economic development.
The company has achieved remarkable success in its mission, as it has witnessed a significant increase in the number of bank accounts and the size of deposits since its establishment.
Iraq Economic News and Points To Ponder Late Tuesday Evening 6-4-24
Financial Inclusion In Iraq: A Success Story That Defies The Odds
Time: 06/04/2024 18:48:26 Read: 1,105 times {Economic: Al-Furat News} In the wake of the American invasion of Iraq in 2003, the financial system collapsed and the phenomenon of hoarding money pread, as a result of the loss of confidence in the banking sector after the closure of most branches of foreign banks operating in Iraq, and the faltering of some local banks.
To address this crisis, the Iraqi Deposit Insurance Company began establishment procedures in 2008 with the aim of protecting depositors’ funds and enhancing their confidence in the banking system, which is vital for achieving sustainable economic development.
The company has achieved remarkable success in its mission, as it has witnessed a significant increase in the number of bank accounts and the size of deposits since its establishment.
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In 2009, total deposits in Iraqi banks amounted to $8.05 billion, and this number rose to $76.5 billion in 2021.
This significant increase is largely due to the company’s efforts to enhance confidence in the banking system and encourage citizens to save.
This significant increase in deposits clearly reflects the effective role played by the company in stimulating the culture of savings and encouraging citizens to deposit their money in banks instead of keeping it at home.
These numbers indicate that the Iraqi Deposit Insurance Company is on the right track towards achieving its strategic goals, which are enhancing financial stability and reducing the phenomenon of hoarding, and thus contributing to advancing economic growth in Iraq. https://alforatnews.iq/news/الشمول-المالي-في-العراق-قصة-نجاح-تتحدى-الصعاب
What If Other Banks Follow Suit?
Economical 06/05/2024 Hussein Thaghb Economic advancement requires a set of data that will take it to safety and achieve the set goals on time.
The process of economic development requires a series of interconnected episodes that complement each other during known times.
This mechanism cannot be maintained unless there are elements that represent the raw material for new production.
The financial sector here can be described as the cornerstone of the economic development process sought by the country that is described as rich among the countries of the world,
especially since one of the specialized centers placed Iraq first among the rich countries of the world, as it was ranked first by the volume of wealth per square kilometer relative to the number of inhabitants, and Here we can evaluate the country's economic importance.
Today, when we look forward to employing the amount of wealth in a way that creates true sustainable development and preserves the rights of future generations,
it is necessary to create an effective and sound banking system that takes into account the movement of money globally and complies with all legal paths that govern the movement of money within the globe, and this is something we are close to, as she pointed out.
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International Reports Indicate That Iraq Is In An Acceptable Situation.
In the country, the matter requires more clarity and rapprochement from the Central Bank of Iraq with the banking system, which has begun to fear the expected sanctions,
especially since there are those who say that there are sanctions that will affect new banks in the coming days, at a time when the Central Bank and the Association of Banks, the sectoral body responsible for private banks, announced that efforts are directed To cancel the sanctions imposed on banks that began a year ago.
In an atmosphere like this, banks continued to work to increase their capital and develop their technological systems in accordance with what is internationally approved to strengthen the financial system in Iraq.
News like this comes circulating here and there.
The relevant official and sectoral authorities must come closer to clarify the facts of the matter and preserve the banks that are actually working to develop their performance.
It aspires to serve the national economy, and has national motives to serve Iraq, not exclusively personal interests.
Iraq is one of the most important labor markets in the world and the focus of attention of major international companies and international economic organizations.
This requires us to reflect an ideal image of the country, starting with the financial sector in particular, which is the reflecting mirror of any economy, and as long as we are on the cusp of a new phase to achieve...
For economic advancement, we must and inevitably have an effective banking system that is far from all forms of disruptions that expose it to unnecessary shocks.
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The most important role of the Iraqi Central Bank is to protect the quality of the Iraqi banking system, confront any rumors that confuse performance, reassure its children of the banks that actually serve the national economy, and address banks that do not have development goals that support the development trends in the country. https://alsabaah.iq/97861-.html
More Than 12 Million Bank Accounts To Date
Economical 06/04/2024 Baghdad: Al-Sabah The growth rate of bank accounts has increased over the past years in the country, reaching 12 million bank accounts so far.
According to a statement issued by the Central Bank, “the growth rate of bank accounts increased from 2018 to 2019 by 90%, reaching 12,500 million bank accounts.”
He added, “The growth rate of bank accounts reached its peak in 2020 with a growth rate of 90%, reaching 12 million bank accounts, while for the year 2021 it decreased to the lowest level by 10%, reaching 1,500 million bank accounts.”
The Iraqi Central Bank indicated that the growth rate of bank accounts for the year 2022 increased by 30% to reach 4,500 million bank accounts, and it also increased during the year 2023 by 54% to reach the level of 8 million bank accounts. https://alsabaah.iq/97767-.html
Experts: We Are Getting Close To “Zeroing” Gas Burning
Economical 06/05/2024 Baghdad: Shukran Al-Fatlawi Economic affairs specialists see the necessity of conducting multiple licensing rounds to exploit gas patches in the country in light of Iraq's approach to zeroing out the gas burning process, noting that the last round did not achieve all of its goals.
Baghdad recently witnessed a licensing round for a number of new exploratory patches and sites, some of which were not awarded in the round.
Oil expert Dr. Hamza Al-Jawahiri said in an interview with “Al-Sabah” that the issue of investing in associated gas was long delayed due to many problems, pointing out that the government is serious during the next two years in zeroing the rate of burning of associated gas,
indicating the existence of several projects for treatment, including exploiting gas in The project signed with Total Energies, which processes 600 mqm of gas, as well as the Nahr Omar project, which processes 300 mqmq, and other projects that the government is urging to invest in associated gas.
Al-Jawahiri continued that there is a period of time ranging from 3 to 5 years, in which it is possible to see its final results in investing in associated gas, hoping at the same time that these projects will be implemented, because, unfortunately, they have become like a dream, he said, as the process of burning associated gas and converting it into power generation stations Electrical or petrochemical plants, not yet exploited.
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Al-Jawahiri stressed that petrochemical plants are not available in the country, except for one plant, which is not sufficient for its purpose, considering it a major problem that requires urgent solutions, noting that there are very many fields in western Iraq for free gas, which could make us a gas exporting country if invested properly.
He pointed out that the Ministry did not fully achieve its goals during the last licensing round in obtaining investors in the exploratory patch for invasive areas, because it requires more work, study, and seismic geophysical surveys in those areas in order to be presented to international companies, in addition to the necessity of providing security in the region.
For his part, the researcher in economic affairs, consulting engineer Imad Al-Muhammadawi, told Al-Sabah that the year 2030 will be the year of completely eliminating gas burning, according to the Paris Agreement that Iraq signed, which stipulates “finding coordination and reaching solutions and cooperation at all international levels to help in Reducing the percentage of carbon in the atmosphere and its negative effects, and confronting climate change and its significant effects as a result of global warming.”
He added that the country's efforts are currently directed towards stopping associated gas, which will stop in the year 2028 according to government sources, and trying to benefit from it in generating electrical energy, from which the country has been suffering from a crisis for a long time.
He expressed his optimism that the crisis is on its way to being resolved, and the country is currently taking... Correct steps in this direction.
For its part, the Ministry of Oil recently announced access to investment and exploitation of 62% of the gas produced in Iraq, and indicated that the year 2028 will witness the end of Associated gas combustion.
The Undersecretary for Gas Affairs in the Ministry, Izzat Saber, said in a press statement,
“A memorandum of understanding was signed between Siemens, Schlumniger, and the Ministry of Oil for accelerated investment in the associated gas that is being burned,” indicating that
after the memorandum, the stage of commercial, financial, and technical presentation for this company and identifying the fields will come. That burns gas. https://alsabaah.iq/97860-.html
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
ProvokingThoughts and Points To Ponder On Wealth
We can have democracy in this country or we can have great wealth concentrated in the hands of a few, but we can't have both.-Louis D. Brandeis
I am opposed to millionaires, but it would be dangerous to offer me the position.-Mark Twain
Sleep, riches and health to be truly enjoyed must be interrupted.-Jean Paul Richter
The wealth of a nation consists not in its mass of material things, but in its system. The natural resources of South America are not inferior to those of the United States, but the wealth of the two regions is vastly different. The land of India is far richer than that of Japan, but the comparative wealth of the two nations is reversed.-George Brockway
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Chats and Rumors, Video, Vn Dong DINARRECAPS8 Chats and Rumors, Video, Vn Dong DINARRECAPS8
Iraqi Dinar Today Video Update Late Tuesday Evening 6-4-24
Chase Bank Great Announcement Iraqi Dinar Holders RV Rate is Back – 3:33
Finally Iraqi dinar Rate 1 To 1USD Exchange Rate – 4:28
Iraqi dinar New Rate $4 And Dong $3 Finally at Screen – 4:28
Finally Surprised RV Has Been Done – 3:02
Budget Approved New Exchange Rate Date & Time Fixed it's Happening – 4:48
Iraqi Dinar Today Video Update Late Tuesday Evening 6-4-24
Chase Bank Great Announcement Iraqi Dinar Holders RV Rate is Back – 3:33
Finally Iraqi dinar Rate 1 To 1USD Exchange Rate – 4:28
Iraqi dinar New Rate $4 And Dong $3 Finally at Screen – 4:28
Finally Surprised RV Has Been Done – 3:02
Budget Approved New Exchange Rate Date & Time Fixed it's Happening – 4:48
Chase Bank Great Announcement Iraqi Dinar Holders RV Rate is Back – 3:33
Finally Iraqi dinar Rate 1 To 1USD Exchange Rate – 4:28
Iraqi dinar New Rate $4 And Dong $3 Finally at Screen – 4:28
Finally Surprised RV Has Been Done – 3:02
Budget Approved New Exchange Rate Date & Time Fixed it's Happening – 4:48
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Chats and Rumors, Video, Vn Dong DINARRECAPS8 Chats and Rumors, Video, Vn Dong DINARRECAPS8
Iraqi Dinar Today Video Update Tuesday Afternoon 6-4-24
WOW Going To Be An Iraqi Dinar Millionaire – 2:46
Good Time To Exchange Your Iraqi Dinar And Vietnam Dong – 2:49
RV Update Of IQD By Wolverine – 2:01
CBI sells +$278 million in forex on Tuesday 2:33
Iraqi Dinar Today Video Update Tuesday Afternoon 6-4-24
WOW Going To Be An Iraqi Dinar Millionaire – 2:46
Good Time To Exchange Your Iraqi Dinar And Vietnam Dong – 2:49
RV Update Of IQD By Wolverine – 2:01
CBI sells +$278 million in forex on Tuesday 2:33
WOW Going To Be An Iraqi Dinar Millionaire – 2:46
Good Time To Exchange Your Iraqi Dinar And Vietnam Dong – 2:49
RV Update Of IQD By Wolverine – 2:01
CBI sells +$278 million in forex on Tuesday – 2:33
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Dinar Recaps 20 Dinar Recaps 20
Evening News with MarkZ, Dr. Jay Caprietta, and Dr. Scott Young. 06/04/2024
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
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 ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
Evening News with MarkZ, Dr. Jay Caprietta, and Dr. Scott Young. 06/04/2024
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
Please listen to the replay for all the details and entire stream….
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 ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
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Zimbabwe’s New Gold-Backed ZiG Currency: A Record Financial Turnaround
On June 3, 2024 By Awake-In-3D
Rapid improvement in Zimbabwe’s currency stability thanks to the new gold-backed ZiG currency.
In This Article
The Troubled History of Zimbabwe’s Currency
Introduction of the Gold-Backed ZiG Currency
How the ZiG Currency Stabilized the Economy
Future Prospects for Zimbabwe’s Financial Stability
Zimbabwe’s New Gold-Backed ZiG Currency: A Record Financial Turnaround
On June 3, 2024 By Awake-In-3D
Rapid improvement in Zimbabwe’s currency stability thanks to the new gold-backed ZiG currency.
In This Article
The Troubled History of Zimbabwe’s Currency
Introduction of the Gold-Backed ZiG Currency
How the ZiG Currency Stabilized the Economy
Future Prospects for Zimbabwe’s Financial Stability
Zimbabwe has faced one of the most turbulent currency crises in history.
The introduction of the ZiG currency, backed by gold, has brought a surprising and rapid turnaround, stabilizing the economy and reducing inflation.
The Troubled History of Zimbabwe’s Currency
Zimbabwe’s currency woes began in the early 1980s.
The Zimbabwe dollar replaced the Rhodesian dollar but started losing value significantly in the 1990s. By 2006, hyperinflation forced the government to redenominate the currency at an exchange rate of 1,000 to one.
The situation worsened in 2008 when the currency was redenominated again at 10 billion to one. By 2015, a U.S. dollar equaled 35 quadrillion Zimbabwe dollars.
In 2016, bond notes backed by U.S. dollars were introduced but failed to stabilize the currency due to excessive printing. Inflation soared, and foreign currencies became the main medium for transactions.
Introduction of the Gold-Backed ZiG Currency
In a bold move, Zimbabwe introduced the Zimbabwe Gold (ZiG) currency, converting domestic dollar balances into ZiG balances.
This currency is backed by significant gold reserves, a shift from highly inflated fiat money to a more stable, specie-backed currency. The central bank recalibrated the main interest rate to 20%, down from 130%.
Central Bank Governor John Mushayavanhu highlighted the reserves, including 1.1 tons of gold stored domestically and another 1.5 tons abroad. This reserve-backed approach aimed to restore confidence in the local currency.
How the ZiG Currency Stabilized the Economy
The immediate impact of the ZiG currency was significant. Consumer prices dropped by 2.4% in May, a month after the ZiG was introduced.
This deflation marked a stark contrast to the hyperinflation that had plagued Zimbabwe for years. The ZiG currency appreciated by 1.9% against the U.S. dollar within a month of its launch, reflecting newfound stability.
The ZiG currency was issued in various denominations, ensuring ease of use in daily transactions. By converting old currency to ZiG, the government aimed to curtail inflation and stabilize the economy. The introduction of ZiG coins helped address the shortage of small change in the market.
Future Prospects for Zimbabwe’s Financial Stability
The introduction of the ZiG currency has set Zimbabwe on a path to financial stability.
With inflation rates expected to stabilize between 2% and 5% by year-end, the economic outlook is promising. This turnaround is attributed to the disciplined approach of backing the currency with tangible assets like gold.
Economists emphasize the need for continued discipline and prudent financial management to sustain this positive trend. The gold-backed ZiG currency serves as a foundation for rebuilding trust in Zimbabwe’s monetary system.
The Bottom Line
Zimbabwe’s new gold-backed ZiG currency has brought remarkable improvement to a country long marred by hyperinflation and currency instability.
By anchoring the currency with gold reserves and implementing stringent monetary policies, Zimbabwe has achieved a rare and rapid economic stabilization.
The future looks hopeful as the country embraces this new era of financial stability.
Zimbabwe’s Currency History in a Nutshell
1980: Zimbabwe dollar replaced the Rhodesian dollar at par.
2006: Currency redenominated at 1,000 to one.
2008: Further redenomination at 10 billion to one.
2009: 12 zeroes removed from bank notes; foreign currencies legalized.
2015: $1 USD = 35 quadrillion Zimbabwe dollars.
2016: Introduction of bond notes backed by U.S. dollars.
April 2024: Introduction of ZiG (Zimbabwe Gold) currency.
April 2024: ZiG currency appreciated by 1.9% against the USD within one month.
May 2024: Consumer prices dropped by 2.4%.
Projected 2024: Inflation expected to stabilize between 2% and 5%.
Contributing articles:
https://www.biznews.com/africa/2024/05/30/zimbabwe-deflation-zig-stabilises-economy
https://www.numismaticnews.net/paper-money/zimbabwe-currency-zigs-then-zags
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© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here:Ai3D.blog
Join my Telegram Channel to comment and ask questions here:GCR_RealTimeNews
Follow me on Twitter:@Real_AwakeIn3D
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A Big Change For The Iraqi Dinar:
The Economic Ninja: 6-4-2024
Iraq may see a big buyer for the IQD now that China has forged a big deal for Iraqi Natural Gas.
This will bring in buyers for the Iraqi dinar and will strengthen the value of the dinar.
A Big Change For The Iraqi Dinar:
The Economic Ninja: 6-4-2024
Iraq may see a big buyer for the IQD now that China has forged a big deal for Iraqi Natural Gas.
This will bring in buyers for the Iraqi dinar and will strengthen the value of the dinar.
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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20
KTFA: The Iraqi government sets days for the Eid al-Adha holiday
6/4/2024
On Tuesday, the Iraqi government set the days for the Eid al-Adha holiday, which will fall on Sunday, June 16.
The Prime Minister’s Media Office said in a statement received by Shafaq News Agency, “Prime Minister Muhammad Shiaa Al-Sudani directed that the Eid Al-Adha holiday be for official departments, starting from Sunday, June 16, until Thursday, June 20, provided that official work resumes on Sunday.” June 23.” LINK
KTFA:
The Iraqi government sets days for the Eid al-Adha holiday
6/4/2024
On Tuesday, the Iraqi government set the days for the Eid al-Adha holiday, which will fall on Sunday, June 16.
The Prime Minister’s Media Office said in a statement received by Shafaq News Agency, “Prime Minister Muhammad Shiaa Al-Sudani directed that the Eid Al-Adha holiday be for official departments, starting from Sunday, June 16, until Thursday, June 20, provided that official work resumes on Sunday.” June 23.” LINK
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DeepWoodz: They’ve changed the rate without budgets before. No reason they can’t do it at will. To start the float.
The key here is the size of the budget and the international standards being applied along with the upgraded banking systems.
They have a plan. Watch em work it. They appear to be pushing hard in the right direction.
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Supreme Court Ruling: State sponsored Banks can Disband from The Federal Reserve System and Issue their Own Currency.
Mark Thursday May 30th, 2024 as #EndtheFed day. Doing Simple Math this Sets Fundamental Value of Gold at $25,000 per ounce and Silver $417 per ounce.
The Silver Academy: Jun 01, 2024
States banks can issue their own gold backed currency bypassing the Federal Reserve
Ruling just released Thursday May 30, 2024 (Mark this on your calendar as #EndtheFed day)
State sponsored banks do not have to adhere to the Federal Reserve charter
And states can then acquire gold reserves for their state banks
and disband from the Federal Reserve system.
We have confirmation that the USA effectively has a dual banking system.
Each state in the USA operates its own banking system, parallel to the Federal Reserve. While the Federal Reserve has inflicted severe pain locally and globally, the Supreme Court has upheld the state's right to maintain its own charter, independent of the corporate Fed system.
The Federal Reserve doesn't respect state rights for banks to adhere to their own charter outside the control of Washington, D.C., (but these are the same animals when asked by Ron Paul that don't believe Gold and Silver are money, thus proving they don't want competition - LOL)
But states are taking their power back. (The Silver Academy recognizes Money Metals and Sound Money Defense League for their zealous work in fueling a State to State movement. )
Major kudos to Stefan Gleason and Jp Cortez
This document below (smash the blue button) shows that we never needed the Federal Reserve on a legal basis.
How? Simple.
Banks with federal charters, called national banks, are subject primarily to federal oversight and regulation. Banks with state charters, called state banks, are subject to additional state oversight and regulation. Those two banking systems co-exist and compete.
Now you have it in writing. Officially.
Read Supreme Court Document: https://www.supremecourt.gov/opinions/23pdf/22-529_1b7d.pdf
https://thesilverindustry.substack.com/p/supreme-court-ruling-state-sponsored
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat "The head of the Iraqi Private Banks Association, Wadih Al-Handal, confirmed...the effort to open more prospects for work with correspondent banks, while indicating that the joint committee with the American side regarding the banking sector will begin its work next week." Folks this is all positive news and exactly what we should expect to see at this point in time. Yes, it is now all about the Banking Reforms. This is what is going to get the dinar to officially pass the dollar. We already know the value is greater and so now we just need to go through the motions to get it recognized to its true value.
Militia Man They got it [the budget] done...What does it have to do? It's got to go to the Gazette...whether that's going be on Wednesday which is 24 or 48 hours or is it going to be Saturday or will it go all the way out...15 days. We're going to find out.
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Sudani is happy coalition is leaving
Nader: 60402924
Are The Central Banks Moving Back to Gold? Egon Von Greyerz and Lynette Zang Discuss
Lynete Zang: 6-4-2024
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Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8
Goldilocks' Comments and Global Economic News Tuesday Afternoon 6-4-24
Good Evening Dinar Recaps,
"The State Bank of Vietnam (SBV) started selling gold directly to four state-owned commercial banks today (June 3), aiming to lower the metal’s domestic price. The institutions will then sell the gold bars to the public."
This new monetary policy shift will continue as Vietnam attempts to narrow the difference between the domestic and global gold bar prices per SBV officials. It is an attempt to revalue gold through resetting its price.
This diversifies their people's portfolio, and it gives the banking system a broader strength to their accounts. In return, it gives the SBV an opportunity expand their net worth and give out loans.
Vietnam has been accumulating gold in order to join the BRICS Nations. One of the requirements is that they do accumulate gold to support their banking system.
Goldilocks' Comments and Global Economic News Tuesday Afternoon 6-4-24
Good Evening Dinar Recaps,
"The State Bank of Vietnam (SBV) started selling gold directly to four state-owned commercial banks today (June 3), aiming to lower the metal’s domestic price. The institutions will then sell the gold bars to the public."
This new monetary policy shift will continue as Vietnam attempts to narrow the difference between the domestic and global gold bar prices per SBV officials. It is an attempt to revalue gold through resetting its price.
This diversifies their people's portfolio, and it gives the banking system a broader strength to their accounts. In return, it gives the SBV an opportunity expand their net worth and give out loans.
Vietnam has been accumulating gold in order to join the BRICS Nations. One of the requirements is that they do accumulate gold to support their banking system.
Can you see where this is going now? Everything across the board from the markets, the banking systems, the shipping ports, and to the people are turning to gold to deflate an inflated economy.
Through Tokenized Assets, our Global Economies will have a real value on every product that can be bought and sold including Forex opportunities.
I look to see these opportunities begin to shift in July for Vietnam as they become a Market Economy. Can it happen before that time? English News Central Banking English News 2 Wikipedia
We are about to find out.
© Goldilocks
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We finally have some prices placed on the US Debt Clock. It has been empty for some time. In fact, many countries in the East have been wondering when those numbers would show up. Well, they are here now.
This doesn't mean that these are prices that are set in stone. It just means they are prices to work from going forward as our world resets the price of gold and reclassifies gold as money. https://www.usdebtclock.org/
Gold will set us free!
© Goldilocks
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It is the revaluation of Gold that will set the tone for the new economy. It will determine, to some degree, the price of all goods and services across all asset classes. © Goldilocks
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MiCA Regulations Force Binance to Overhaul Stablecoin Services |Finance Magnates
"Starting June 30, 2024, the European Economic Area (EEA) will enforce new regulations under the Markets in Crypto-Assets (MiCA) framework, specifically targeting stablecoins. Binance, one of the world's largest cryptocurrency exchanges, plans to roll out changes to ensure compliance, impacting everything from trading to rewards.
Only regulated companies can issue and offer stablecoins, termed regulated stablecoins. Many existing stablecoins do not meet these criteria and will be designated as unauthorized stablecoins, facing various restrictions on Binance's platform, the cryptocurrency exchange said in a statement on its website."
Remember, stablecoins represent a country's currency. The new regulations will be going into effect on June 30th, 2024.
This will begin to determine new prices in the new digital economy regarding trade relations around the world.
An increase in demand for local currencies around the world that have moved from a dollar regimen to a local currency regiment will begin.
This is when credit valuation adjustments begin. It does not mean new rates will happen overnight. In fact, to determine new price correlations on the market requires algorithmic patterns to set in that become normalized.
Watch the water.
© Goldilocks
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EXCELLENT NEWS Iraq's Leap in Electronic Banking |Youtube
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Next generation correspondent banking |BIS
Existing correspondent banking processes have struggled to adapt to new regulatory and supervisory requirements, posing questions on the future of the correspondent banking model.
The tokenization of correspondent banking, as embodied in Project Agorá (BIS (2024b)), could unlock streamlined pre-screening and atomic settlement, and pave the way for superior customer verification and anti-money laundering (AML) procedures.
Tokenization could substantially reduce duplication and miscoordination, thereby revitalising cross-border payments by fostering a robust network of correspondents and corridors.
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Russia and China 'close' to replacing SWIFT — business regulator. |Azerbaycan24
👆 Goldilocks pointed to this article
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Sexy Bank Deals, Ripple Story, How to Distribute the XRP Escrow, When Smart Contracts on XRP Ledger |Youtube
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Swift Unveils AI Pilots to Combat Cross-Border Payment Fraud -Fintech Singapore
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Event: Hearing Entitled: Next Generation Infrastructure: How Tokenization of Real-World Assets Will Facilitate Efficient Markets |Financial Services.House
When:Wednesday, June 5, 2024 9:00 AM in 2128 Rayburn House Office Building
What: Subcommittee on Digital Assets, Financial Technology and Inclusion
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UAE Central Bank Approves Issuance of Stablecoin Regulation |Cryptopolitan
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BREAKING NEWS TURKEY SAYS BRICS COULD OFFER A GOOD ALTERNATIVE TO THE EUROPEAN UNION TO BOOST ITS ECONOMIC PROSPECTS Awkward…
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If Russia Accepts Gold for Oil, Gold Price Doubles to $3,600, Says Credit Suisse’sZoltan Pozsar |BMG Group
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WATCH HERE
Power of copper = Free Healing ⚡️Copper + Gardening -
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Summary / Status Iraqi Dinar ReValue IQD VND Exchange Rates |Youtube
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THE U.S. GOVERNMENT WILL REPLACE SWIFT WITH RIPPLE XRP |Youtube
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BOOOOOOOOOOOOOOOOOOM!!! Brad Garlinghouse indirectly says that the case will end this summer with the payment of a fine in the millions, not billions. #XRP would be the first FULLY regulated digital asset in the United States of America! |
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Iraq Economic News & Points to Ponder Tuesday Afternoon 6-4-24
Currency Auction: Central Bank Sales Exceeded $278 Million Today
Economy | 04/06/2024 Baghdad - Mawazine News Tuesday, the Central Bank of Iraq sold more than 278 million dollars through an auction for selling American currency.
The total internal cash withdrawals amounted to $23,320,000, while the total amounts of transfers abroad, which include remittances and credits, amounted to $255,513,388, while the total sale amounted to $278,833,388.
Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 255 million 513 thousand and 388 dollars, an increase of 91% over cash sales amounting to 23 million and 320 thousand dollars.
Iraq Economic News & Points to Ponder Tuesday Afternoon 6-4-24
Currency Auction: Central Bank Sales Exceeded $278 Million Today
Economy | 04/06/2024 Baghdad - Mawazine News Tuesday, the Central Bank of Iraq sold more than 278 million dollars through an auction for selling American currency.
The total internal cash withdrawals amounted to $23,320,000, while the total amounts of transfers abroad, which include remittances and credits, amounted to $255,513,388, while the total sale amounted to $278,833,388.
Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 255 million 513 thousand and 388 dollars, an increase of 91% over cash sales amounting to 23 million and 320 thousand dollars. https://www.mawazin.net/Details.aspx?jimare=249148
The Dollar Continues To Rise In Local Markets
Economy | 04/06/2024 Baghdad - Mawazine News Tuesday, the exchange rate of the dollar against the dinar recorded a new high for the second day in a row on the main stock exchange in the capital, Baghdad.
The price of the dollar on the Al-Kifah and Al-Harithiya stock exchanges recorded 145,850 thousand dinars for every 100 dollars.
Prices stabilized in banking shops in local markets in Baghdad, with the selling price reaching 146,750 dinars, while the purchasing price reached 144,750 dinars for every 100 dollars.” https://www.mawazin.net/Details.aspx?jimare=249129
Central Oil: The Prime Minister Stressed The Optimal Investment Of Energy And Fuel In Iraq
Energy Economy News _ Baghdad The Central Oil Company confirmed today, Tuesday, that exploratory blocks need time to study, evaluate, and learn their properties, while pointing to Prime Minister Muhammad Shiaa Al-Sudani’s emphasis on the optimal investment of energy and fuel in Iraq.
The company’s general manager, Muhammad Yassin Hassan, said in an interview with the Iraqi News Agency, followed by Al-Iqtisad News, that “Middle Oil is the largest exploratory and extractive area and area in oil companies, and the distribution was qualitative, as the fields and patches were distributed to all governorates, which contributes to Producing oil or gas in more than one governorate, thus increasing the spread or distribution of employment in Iraq, and reducing unemployment in the governorates.”
Hassan added, "The choices were for the gas to be close to the power stations, to achieve what the Prime Minister stressed about optimal investment of energy and fuel in Iraq."
He pointed out that "most of the patches currently offered are exploratory patches, and therefore require a long time and studying and evaluating the reservoirs to discover the reservoirs and know their properties, whether they are oil or gas."
He explained that "in establishments and fields operating in the natural gradient, there is a decline in production after a period of time following the peak, and therefore the discovery of fields near them is an important event that contributes to the sustainability of production in the governorates, and therefore the ministry must initiate referrals early to sustain production."
He pointed out that "the government's plan on the part of the Ministry of Oil is to deal with the government program accurately and professionally by distributing production and extraction in all governorates in order to distribute social benefits and reduce unemployment." Views 64 06/04/2024 - https://economy-news.net/content.php?id=44010
Iraq Exports More Than 7 Million Barrels Of Crude Oil And Its Derivatives To America In A Month
Energy Economy News _ Baghdad The US Energy Information Administration announced on Tuesday that Iraq exported more than 7 million barrels of crude oil and its derivatives to the United States during the month of March of this year.
An administration table, seen by Al-Iqtisad News, showed that Iraq's exports of oil and its derivatives in the month of March amounted to 7.75 million barrels, an increase of 2.395 million barrels from what they recorded in February, when they reached 4.680 million barrels.
The US Energy Information Administration stated that OPEC's exports of crude oil and its products to America during February amounted to 38 million and 69 thousand barrels, with Saudi Arabia having the highest rate of exports to America, reaching 11 million and 559 thousand barrels during the same time period.
Iraqi oil exports to the United States have increased significantly over recent years, with export numbers in some months reaching record levels, partly due to Iraq's ability to increase its oil production, in addition to rising global demand for oil.
Oil trade relations between Iraq and the United States play an important role in strengthening economic relations between the two countries. They also contribute to enhancing the stability of the global oil market and providing energy to the American and global economies. Views 74 06/04/2024 - https://economy-news.net/content.php?id=44001
Al-Sudani: Ending UNAMI’s Work Does Not Mean Breaking With The United Nations And Specialized International Agencies
Tuesday 04, June 2024 | Political Number of readings: 136 Baghdad / NINA / Prime Minister Muhammad Shiaa Al-Sudani confirmed that the UN Security Council’s decision to set a date for ending the work of the UNAMI mission in Iraq at the end of the year 2025 does not mean a break with the United Nations and specialized international agencies.
The Prime Minister said in his speech during the Council of Ministers session today: “The Security Council’s recent decision to end the work of the UNAMI mission came at the request of the government, and it represents international recognition of the progress made on the Iraqi scene in all fields.”
He added: "International organizations have reached a positive performance assessment of Iraq that supports stability," pointing out that "ending UNAMI's work does not mean a break with the United Nations and specialized international agencies."
The Prime Minister pointed out in his speech: “Iraq is the cornerstone of any stability process in the region.”/End 7 https://ninanews.com/Website/News/Details?Key=1130595
Announcing the establishment of the Iraqi-French Business Council on the sidelines of the Iraqi-French Economic Forum
Tuesday 04, June 2024 | Economical Number of readings: 354 Baghdad / NINA / The Department of Foreign Economic Relations in the Ministry of Commerce announced the establishment of the Iraqi-French Business Council on the sidelines of the Iraqi-French Economic Forum late last May.
A statement by the Ministry’s media office said: “The activities of the forum were organized by the Embassy of the Republic of Iraq in Paris in cooperation and coordination with the Commercial Mission in Paris, the French Ministry of Foreign Affairs, and the French Employers Association MEDEF for the period from the twenty-ninth to the thirty-first of last May.”
The statement continued: “The forum was attended by Governmental bodies and the Iraqi private sector, and on the French side, the Minister Delegate for Foreign Trade, Attraction, Francophonie, and French people abroad, in addition to other official figures, with the participation of Iraqi and French companies from the public and private sectors, and a large number of researchers, interested parties, and media professionals.
The statement indicated: “The launch of the work of this economic forum comes within the efforts of the Iraqi government and the Ministry of Commerce to implement the Iraqi-French strategic agreement signed between the two countries last year in order to develop trade and economic relations between the two friendly countries.
The statement stressed:” The commercial attaché played a pivotal and prominent role. In coordination with French banks, owners of companies, factories, investors, industrialists, and parties influencing French commercial and economic decisions, by bridging viewpoints to open broader commercial cooperation horizons by inviting them to participate in the forum. /End 3
https://ninanews.com/Website/News/Details?key=1130529
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Thoughts and Points to Ponder on Wealth
The first wealth is health.-Ralph Waldo Emerson
The smell of profit is clean and sweet, whatever the source.-Juvenal
There are few sorrows, however poignant, in which a good income is of no avail. -Logan Pearsall Smith
The human race has had long experience and a fine tradition in surviving adversity. But we now face a task for which we have little experience, the task of surviving prosperity. -Alan Gregg
Riches enlarge, rather than satisfy appetites.-Thomas Fuller
Australia is so kind that, just tickle her with a hoe, and she laughs with a harvest. -Douglas Jerrold
It is better to live rich than to die rich.-Samuel Johnson
We can have democracy in this country or we can have great wealth concentrated in the hands of a few, but we can't have both.-Louis D. Brandeis
I am opposed to millionaires, but it would be dangerous to offer me the position.-Mark Twain
Sleep, riches and health to be truly enjoyed must be interrupted.-Jean Paul Richter
The wealth of a nation consists not in its mass of material things, but in its system. The natural resources of South America are not inferior to those of the United States, but the wealth of the two regions is vastly different. The land of India is far richer than that of Japan, but the comparative wealth of the two nations is reversed.-George Brockway
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Chats and Rumors, Video, Vn Dong DINARRECAPS8 Chats and Rumors, Video, Vn Dong DINARRECAPS8
Iraqi Dinar Video Update Tuesday Afternoon 6-4-24
Iraqi Dinar Exchange Rate Today 2024 – 3:22
WOW Wells Fargo Confirmed New Rate – 3:53
Al Sudani Huge Statements IQD Revaluation – 3:04
Iraqi Dinar Latest Update Today – 3:02
Iraqi Dinar Latest Update – 5:55
Iraqi Dinar Video Update Tuesday Afternoon 6-4-24
Iraqi Dinar Exchange Rate Today 2024 – 3:22
WOW Wells Fargo Confirmed New Rate – 3:53
Al Sudani Huge Statements IQD Revaluation – 3:04
Iraqi Dinar Latest Update Today – 3:02
Iraqi Dinar Latest Update – 5:55
Iraqi Dinar Exchange Rate Today 2024 – 3:22
WOW Wells Fargo Confirmed New Rate – 3:53
Al Sudani Huge Statements IQD Revaluation – 3:04
Iraqi Dinar Latest Update Today – 3:02
Iraqi Dinar Latest Update – 5:55
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Dinar Recaps 20 Dinar Recaps 20
Could the Government Confiscate Your Gold when the Financial System Crashes?
On June 2, 2024 By Awake-In-3D Historical Precedents and Current Implications of Gold Confiscation Explained
The idea of gold confiscation by the government creates significant debate within the RV/GCR community, especially in the context of a potential collapse of the fiat currency system.
Could a scenario similar to the 1933 Executive Order 6102, which required the surrender of privately held gold, happen again today?
To answer this question, let’s examine the historical context of EO 6102, its actual impact, and whether such drastic measures could be realistically implemented in the modern financial landscape.
Could the Government Confiscate Your Gold when the Financial System Crashes?
On June 2, 2024 By Awake-In-3D
Historical Precedents and Current Implications of Gold Confiscation Explained
The idea of gold confiscation by the government creates significant debate within the RV/GCR community, especially in the context of a potential collapse of the fiat currency system.
Could a scenario similar to the 1933 Executive Order 6102, which required the surrender of privately held gold, happen again today?
To answer this question, let’s examine the historical context of EO 6102, its actual impact, and whether such drastic measures could be realistically implemented in the modern financial landscape.
In This Article
Historical Analysis of Executive Order 6102
Mechanics and Enforcement of the Order
Potential for Modern-Day Gold Confiscation
Comparative Legal and Economic Perspectives
In 1933, President Franklin D. Roosevelt issued Executive Order 6102, which mandated the surrender of most privately held gold to the U.S. government.
Historical Analysis of Executive Order 6102
Executive Order 6102 was issued during the Great Depression to address severe economic instability and a lack of confidence in paper currency.
Under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act in March 1933, EO 6102 aimed to prevent the hoarding of gold, which was seen as a barrier to economic recovery.
The order required citizens to surrender gold coins, gold bullion, and gold certificates to the Federal Reserve by May 1, 1933.
Exceptions included up to $100 in gold coins and gold for industrial, professional, or artistic uses, as well as rare and collectible coins. In return, individuals received paper currency valued at $20.67 per ounce of gold.
Mechanics and Enforcement of the Order
EO 6102 is often described as a gold confiscation order, but it was more accurately a nationalization of gold.
The government offered compensation for surrendered gold, thus avoiding outright confiscation without remuneration. The public’s compliance was largely voluntary, driven by trust in the government, patriotism, and fear of penalties.
Despite the order, enforcement was relatively minimal.
Economist Milton Friedman and Anna Jacobson Schwartz estimated that only 20-25% of private gold was surrendered. The government did not aggressively pursue those who ignored the order, focusing instead on achieving compliance through public cooperation.
Potential for Modern-Day Gold Confiscation
Given the historical precedent set by EO 6102, could a similar order be issued today if the fiat currency debt system collapses? While it is theoretically possible, several factors make it less likely:
Legal and Political Climate: The current legal framework and political environment differ significantly from those in 1933. Any attempt to confiscate gold would face substantial legal challenges and political opposition.
Public Reaction and Compliance: Today’s public is more informed and potentially more resistant to such measures. Trust in government institutions is generally lower, making voluntary compliance less likely.
Economic Alternatives: Modern economies have diverse financial instruments and mechanisms to address monetary crises. Measures such as quantitative easing and other monetary policies can be employed without resorting to gold confiscation.
Global Financial System: The global financial system is more interconnected and complex. The impact of a unilateral gold confiscation by one country could have broader international repercussions, making it a less viable option.
Comparative Legal and Economic Perspectives
The legal basis for gold confiscation today would require substantial legislative action.
The original EO 6102 was supported by amendments to existing laws that granted extraordinary powers during a national emergency. Replicating such a framework today would necessitate new legislation or amendments to current laws, which could be a contentious process.
The Bottom Line
Executive Order 6102 did mandate the surrender of most privately held gold in 1933, but it was not an outright confiscation without compensation.
The context of the Great Depression and the legal framework at the time facilitated this extraordinary measure. In today’s complex and interconnected financial environment, a similar gold confiscation order is unlikely.
The potential for such an action would face significant legal, political, and public resistance, making it an improbable solution to a fiat currency debt collapse.
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TNT: Tishwash: Al-Sudani: Iraq has many investment opportunities offered to international companies
Prime Minister Muhammad Shiaa Al-Sudani confirmed, today, Tuesday, that Iraq has many investment opportunities offered to international companies.
Al-Sudani’s media office said in a statement received by {Al-Furat News}, “The latter received the British Ambassador to Iraq, Stephen Hitchen, and during the meeting, they discussed bilateral relations between Iraq and the United Kingdom, and mechanisms for working to strengthen and expand them in various fields, in a way that achieves mutual benefit and interests.” shared between the two countries.
The Prime Minister stressed that "Iraq has many investment opportunities presented to international companies, welcoming the participation of British institutions and companies in various sectors, especially the sectors of energy, industry, agriculture, and other vital sectors."link
TNT:
Tishwash: Al-Sudani: Iraq has many investment opportunities offered to international companies
Prime Minister Muhammad Shiaa Al-Sudani confirmed, today, Tuesday, that Iraq has many investment opportunities offered to international companies.
Al-Sudani’s media office said in a statement received by {Al-Furat News}, “The latter received the British Ambassador to Iraq, Stephen Hitchen, and during the meeting, they discussed bilateral relations between Iraq and the United Kingdom, and mechanisms for working to strengthen and expand them in various fields, in a way that achieves mutual benefit and interests.” shared between the two countries.
The Prime Minister stressed that "Iraq has many investment opportunities presented to international companies, welcoming the participation of British institutions and companies in various sectors, especially the sectors of energy, industry, agriculture, and other vital sectors."link
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Tishwash: Nearly 80 trillion dinars disappear from the 2022 and 2023 budget.. Deputy: “No one knows where it went.”
Member of the Parliamentary Integrity Committee, Hadi Al-Salami, revealed today, Tuesday, that about 57 trillion Iraqi dinars remain from the 2023 budget, and no one knows where it went.
Al-Salami said, “The 2023 budget amounted to 206 trillion, the actual expenditure was 148 trillion, and the remaining 57 trillion. No one knows where that retained money went.”
He added, "There are 22 trillion in rounds in the 2022 budget as well, and no one knows where it went," noting that "there are problems and irregularities regarding the issue of actual revenues and actual expenses in the budget tables."
He explained, “The House of Representatives made many observations on the budget schedules that were passed without warning.” link
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CandyKisses: Sudani suspends after approving 2024 budget schedules
Baghdad Today - Baghdad
Prime Minister Mohamed Shia Al-Sudani expressed, on Monday (June 3, 2024), his thanks and gratitude to the House of Representatives for its efforts that resulted in the approval of the budget tables.
Al-Sudani said, according to a statement by his media office, received by "Baghdad Today": "With more appreciation and pride, we congratulate the responsible step of the esteemed House of Representatives, represented in approving the budget tables for the year 2024 , related to Law (13 of 2023), the law of the "Federal Budget of the Republic of Iraq for the fiscal years (2023, 2024, 2025).”
He added: "We express thanks and appreciation for the efforts of the Presidency of the House of Representatives, political forces, parliamentary committees, and the Finance Committee, which completed the government effort, and what was previously approved in the Council of Ministers, represented in the budget tables (A, B, C, D, E, and f)."
He continued: "We reaffirm the continuation of the implementation of the government program, which received the vote of the Council of Representatives and the support of political forces, in order to complete the goals and implement the priorities that represent, above all, the aspirations of our Iraqi people and their demands that the government wishes to fulfill."
He added: "On this occasion, we call on the House of Representatives and provincial councils to support the work of the government by following up on the legislative and oversight effort, which our government institutions with all their arms and bodies consider as a support for their work, an evaluation of the path, and a guarantee against corruption, deviation and failure, just as we pledged to our people that there is no place for procrastination, nor courtesy at the expense of people's interests, preserving public money, and implementing service in all its names."
"We ask the Almighty God Almighty for success and repayment to obtain His satisfaction, glory be to Him, and to obtain the satisfaction of our honorable people."
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Tishwash: Oil prices shock the markets and Brent falls to $77
Oil prices fell in early trading on Tuesday, continuing the losses of the previous session when prices fell to their lowest levels in four months, with investors concerned about increased supplies later in the year.
Brent crude futures fell 20 cents, or 0.3%, to $77.77 per barrel. Brent crude closed below $80 for the first time since February 7, after falling more than 3% yesterday, Monday.
US West Texas Intermediate crude futures fell 17 cents, or 0.2%, to $74.05, and closed near the lowest level in four months yesterday after falling 3.6%.
The Organization of the Petroleum Exporting Countries and its allies led by Russia, known as the OPEC+ group, agreed on Sunday to extend most oil production cuts until 2025, but left room to gradually cancel the voluntary cuts by eight members starting in October.
Signs of weak demand growth have also weighed on oil prices in the past few months, with a focus on data on fuel consumption in the United States.
The average price of gasoline in the United States fell 5.8 cents to $3.50 a gallon yesterday, Monday, according to GasBuddy data. link
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Mot ..... Just ASaying -- bet Noone will Notice this Un!!!! Almost summer
Mot: .. Dang - I LOL -- on dis un!!! Hummingbirds
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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: Welcome to a terrific Tuesday
Member: Mark, Is your range of June2-9 still valid?
MZ: I have a number of bond people that are expecting fully spendable money from this evening through Thursday. I had one that expected to get it last night – but they were bumped to this evening.
MZ: There are still different rates showing up on bank screens. A number of banking contacts have chimed in saying they are seeing the dong at $2.86. We don’t know if this is a place saver. But am hopeful this is the rate on it. They are seeing IQD over $4+
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: Welcome to a terrific Tuesday
Member: Mark, Is your range of June2-9 still valid?
MZ: I have a number of bond people that are expecting fully spendable money from this evening through Thursday. I had one that expected to get it last night – but they were bumped to this evening.
MZ: There are still different rates showing up on bank screens. A number of banking contacts have chimed in saying they are seeing the dong at $2.86. We don’t know if this is a place saver. But am hopeful this is the rate on it. They are seeing IQD over $4+
Member: Any rate on the Bolivar?
MZ: The most prevalent rate they are seeing is about $27 grand for a million bolivar. We will see when we exchange.
Member: So each bolivar could be worth .27 cents or so…..that’s great!
Member: I would take that in a heartbeat!!!
Member: When do we expect our currencies to be gold/asset backed?
MZ: It’s supposed to happen at the same time. If not, If we exchange into fiat…we are going to have to move our funds into assets quickly.
Member: MARK Z is it true the Budget has nothing to do with the rate. It’s dependent on oil?
MZ: Yes and no….in the budget they left a mechanism for a revaluation based on rates and oil production. ….They can do the budget without the rate change- does it make sense to do that? NO….because they have been running over a 30% deficit each year. .
Member: It looks like the Iraqi budget needs to be published in the Gazette before it becomes legal. If they are waiting on that it may be Wed or Sat …or it becomes legal 15 days from yesterday?
MZ: Exactly. You have it nailed down. At this point we are expecting it to be published in the Gazette tomorrow or Saturday.
Member: Prime Minister Mohammed Shia Al-Sudani said that international organizations have reached a positive performance evaluation about Iraq that supports stability.
MZ: Yes they keep talking about the abundance that will come and lift up all the people of Iraq. There is a mechanism to RV in the budget. And I have a ministry contact in Iraq who still thinks we will see a new rate with the budget. Whether that is Wed. or Sat……we will see This contact works in the government in Iraq.
Member: Iraq Sec. Gen. Of the HOR (House of Representatives) Sends The approved budget schedules to the ministry of Justice.??? Gazette time?
Member: The contract expires between the US and Saudi for purchasing oil with USD this Sunday? This could be a momentous event!!!
Member: I hope the deal between Saudi Arabia and the U.S. could be the event that gets things going?
Member: Dr Scott even said it would be 2 or 3 days after the June 9th before the effects delivers the big blowout
MZ: A lot of folks are calling for the Black Swan to hit Sunday night the 9th.
MZ: Got a short bank story for you. “Went to the bank today (Wells Fargo) and decided to ask about the RV. The banker admitted to knowing about it and said he even owned dinar himself and said he has been in this about 12 years waiting. He did not predict when it would happen just said to be prepared.
MZ: I liked that they had an open conversation with the bank and was a currency holder. They know because they are training for it.
Member: Got a book from bank out lining accounts, required to prevent terrorism, deal w/ foreign currency and certain accounts are for wealth management clinics..never received anything like it before.
Member: My Wells Fargo authenticated my currency last week and said it was happening soon
Member: I went to my credit union and asked if they exchange foreign currency. She said no and directed me to WF. She said she had sent other members to WF too.
Member: Talked to a board member of our credit union as it was closed for 3 days including Zelle for software update. I asked her if this is the quantum financial system and she said yes.
Member: Supreme Court Ruling: State sponsored Banks can Disband from The Federal Reserve System and Issue their Own Currency https://thesilverindustry.substack.com/p/supreme-court-ruling-state-sponsored
MZ: This is big news. “ $517,000,000,000 Billion in unrealized losses hit US banking system: FDIC says 63 lenders are on the brink of insolvency” Think about that. If 63 banks go down and the Fed has less than a $100 + billion dollars to bail out banks- What money is left in case of a crisis? This is sapping liquidity out of the banks. Things are getting ugly.
Member: Bring on the crash….lefts have the new QFS system start up…we are ready
Member: Mark, anything on zim holders having to go to a military base to exchange? . Was talked about years ago.thanks for everything you do.
Member: That would be a safe place to exchange. Hope the rumor is true.
Member: Don't try to rush progress. Remember -- a step forward, no matter how small, is a step in the right direction. Keep believing.
Member: Mark thanking you and Zester and all Mods for all you do, yall do a fantastic job
Member: Thank you for your service Mark! It’s been an honour to be aligned with you on this journey! The tiredness is real however the joys and celebrations will be overflowing!
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
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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
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.
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