Dinar Recaps Blog Page — Dinar Recaps (2024)

Iraq Economic News and Points To Ponder Tuesday AM 6-11-24

Corporate Governance In Iraqi Banks... Enhancing Transparency And Efficiency

Time: 06/10/2024 Read: 1,378 times {Economic: Al Furat News} Corporate governance is one of the most important factors that contribute to enhancing the performance and safety of the banking sector.

By applying sound governance principles, banks can improve their efficiency and risk management, and enhance investor and customer confidence.

In Iraq, banks have made great strides in applying corporate governance principles, with support from the Central Bank of Iraq and the Iraqi Deposit Insurance Company.

These efforts have contributed to improving the performance of the banking sector and increasing its transparency, which has had a positive impact on the Iraqi economy in general.

Singapore's experience in the field of corporate governance in the banking sector is an example to follow.

The Monetary Authority of Singapore (MAS) has implemented a set of stringent governance standards, including

disclosure and transparency requirements,

defining the responsibilities of the board of directors and executive management, and

periodically evaluating banks' performance.

These efforts have made Singapore a global financial center with an excellent reputation for transparency and integrity.

In Iraq, the Iraqi Deposit Insurance Company can play a greater role in enhancing corporate governance in banks, by encouraging banks to adopt international best practices in this field, and providing training and guidance to members of the boards of directors and executive management.

It can be said that the Iraqi Deposit Insurance Company represents an inspiring success story under difficult circ*mstances.

Through its vital role in protecting depositors’ funds and enhancing confidence in the banking system, the company contributes to building a strong and stable national economy.

As its efforts in development and innovation continue, the Iraqi Deposit Insurance Company promises to be an essential pillar in achieving sustainable economic development in Iraq.

https://alforatnews.iq/news/حوكمة-الشركات-في-المصارف-العراقية-تعزيز-الشفافية-والكفاءة

Baghdad Plans To Link China’s Belt And Road With Iraq’s Development Road

Amr Salem June 10, 2024

https://www.iraqinews.com/wp-content/uploads/2024/06/A-map-showing-the-path-of-Chinas-Belt-and-Road-initiative.-Photo-Asia-Green-Real-Estate-850x537.jpg

A map showing the path of China’s Belt and Road initiative. Photo: Asia Green Real Estate

Baghdad (IraqiNews.com) – The Iraqi Prime Minister, Mohammed Shia Al-Sudani, confirmed on Sunday that it is possible to link China’s Belt and Road with Iraq’s strategic project of the Development Road.

Al-Sudani’s statement took place during his meeting with Dai Houliang, the chairman of China National Petroleum Corporation (CNPC), which is the government-owned parent company of PetroChina.

The meeting addressed Iraq’s interest in developing gas projects, fertilizer industries, and energy projects, in addition to the construction of a power plant and a petrochemical factory, according to a statement issued by the Prime Minister’s Office (PMO).

The Belt and Road Initiative, also known as the New Silk Road, is a worldwide infrastructure development project launched by the Chinese government in 2013 with investments in more than 150 countries.

According to the World Bank, the Belt and Road Initiative has the potential to increase trade flows in 155 participating countries by 4.1 percent while also lowering global trade costs by 1.1 to 2.2 percent and increasing the GDP of East Asian and Pacific developing countries by an average of 2.6 to 3.9 percent.

The Chinese initiative aims to build an integrated large market that fully utilizes both international and domestic markets through cultural exchange and integration to improve member countries’ mutual understanding and trust.

The New Silk Road bridges an infrastructural gap and has the potential to boost economic growth across Asia, the Pacific, Africa, and Central and Eastern Europe.

Iraq’s $17 billion Development Road project will connect the Al-Faw Grand Port in southern Iraq to the border with Turkey by extending a railway and road network.

Many Arab, regional, and European countries have expressed their willingness to participate in Iraq’s Development Road project, either by pumping in investments or taking part in the construction works, as it constitutes an important link between Asia and Europe.

The project is expected to turn the country into a transit center by shortening the travel time between Asia and Europe in an attempt to compete with Egypt’s Suez Canal.

Al-Sudani illustrated earlier that the project includes a railway to transport goods, with a capacity of 3.5 million tons in its first phase that will be increased to 7.5 million tons in the second phase.

The Iraqi Prime Minister mentioned that the project will also include a highway for land transport and pipelines to transport energy, in addition to the Al-Faw Grand Port and the industrial city expected to be one of the largest in the Middle East.

As a global corridor to transport goods and energy, the project will generate many job opportunities for Iraq and the countries of the region, as well as opportunities for industries and businessmen, and it will be a center attracting global trade.

https://www.iraqinews.com/iraq/baghdad-thinks-of-linking-chinas-belt-and-road-with-iraqs-development-road/

More Than $273 Million...Central Bank Sales Today

Monday 10, June 2024 12:43 | Economical Number of readings: 204

Baghdad / NINA / The Central Bank of Iraq announced, today, Monday, its total sales of foreign currency through the electronic window.

The window recorded the total amounts of transfers abroad (remittances, credits) at $255,000,000, while the total amount of cash sales amounted to $18,600,000, and the total amount of sales amounted to $273,600,000.

The cash sale was set at 1,305 dinars to the dollar, while the bond credits, international settlements for the electronic card, and foreign transfers were set at 1,310 dinars to the dollar. /End 11

https://ninanews.com/Website/News/Details?key=1131721

To read more current and reliable Iraqi news please visit :https://www.bondladyscorner.com/

Provoking Thoughts and Points To Ponder On Adversity:

Every difficulty slurred over will be a ghost to disturb your repose later on. -Fridiric Chopin

Fire tries gold, misfortune men. -Anonymous

The fiery trials through which we pass will light us down in honour or dishonour to the latest generation. -Abraham Lincoln

Thou hast shown thy people hard things: thou hast made us to drink the wine of astonishment. -Bible

A wounded deer leaps the highest. -Emily Dickinson

The difficulties which I meet with in order to realize my existence are precisely what awaken and mobilize my activities, my capacities. -Jose Ortega y Gasset

http://famousquotesandauthors.com/topics/adversity_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html

4 Ways the Upper Class Handles Inflation That the Middle Class Could Learn From

Jake Safane Mon, June 10, 2024

Inflation can be a double-edged sword. On one side, it can cut into your budget by raising the cost of essentials like housing, food, and transportation. But it can also be harnessed to grow your wealth, such as by increasing the interest you earn on your savings.

In some sense, being wealthy makes it easier to benefit from inflation. If you have $100 in savings, the difference between a 1% annual percentage yield (APY) on a savings account and a 5% APY is only $4. But if you have $100,000 saved, then the difference is $4,000.

Still, it’s better to earn that extra $4 on a $100 in savings than, say, lose money due to bank fees or pay interest when borrowing money if your balance turns negative. And over time, you can build up your savings and investments more to benefit from inflation further, much like many wealthy people do.

Specifically, consider the following four ways the upper class handles inflation that the middle class could learn from.

Wealthy people know the best money secrets. Learn how to copy them.

Staying Invested

While periods of inflation might stress you out and make you feel like you need to pull all of your money out of investments so that you have more cash on hand, that can be counterproductive. Instead, many wealthy people benefit from sticking with diversified investing.

“First off, they know how to stay invested in the right places, even when the economy is shaky. They spread their money across real estate, stocks, and commodities — assets that usually go up in value when prices rise,” said Jaqueline Schadeck, CEO at Golden Wealth Strategies and host of PBS show My Money Mentors.

Preparing for the Unexpected

Another way the upper class handles inflation is that they tend to be prepared for the unexpected.

“Inflation can sometimes be a surprise to many families, especially for bills that are paid yearly. For example, a lot of people have been caught off guard by how much insurance and property taxes have increased just in the last year,” said Patrick Marcinko, financial advisor at Bogart Wealth.

While it’s hard to know what those price increases will be, you can prepare by budgeting for emergencies and variability.

“Wealthy individuals ensure they have an emergency fund, or cash set aside, that can help them cover surprise expenses. This helps them avoid relying on debt when expenses turn out to be a lot more than they had expected,” said Marcinko.

Note, however, that where you keep your emergency fund matters.

“If inflation is higher than the interest rate on savings, the purchasing power of your money is eroding,” added Marcinko.

Some high-yield savings accounts can keep up with or exceed inflation. And if you have excess savings beyond what’s needed for an emergency fund — experts often suggest around 3-6 months of living expenses — then that could prompt you to keep setting aside money for investments that can potentially keep pace with or outgain inflation.

To Read More: https://www.yahoo.com/finance/news/4-ways-upper-class-handles-140033766.html

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.

Judy Note:Imminent Scare Events including a Global Financial Collapse were on the horizon.Be Prepared. It’s only wise to have at least a month’s supply of food, water, cash and essential Items on hand to help yourself and others in case of an emergency.

Stock Market Crash and Financial Meltdown.A stock market crash of unprecedented proportions will devastate economies, eroding wealth and stability.

There are plans of a new national Stock Exchangebased in Dallas. Meanwhile there was also talk of Texas ceding from the Union to go as a Sovereign State.

Global Currency Reset:

Mon. 10 June 2024 Wolverine:“Hi guys I received an official announcement from the Pentecostal group that they will be shutting down all operations byThurs.10 June.We are definitely close my friends.”

Mon. 10 June 2024 MarkZ:“Many of my Bond people are expecting paymentTues or Wed. 11,12 June.Most sources say we will go within three days of when the Bonds go.”

Sun. 9 June 2024 Anon:“We learned from our call this afternoon that the PM of Iraq has announced that Iraq has revalued their currency and the rate is over $4.00. We expect to be at the bank byMon. or Tues.– which may be too early because we have to wait 10 days after they announced the HCL (on June 3) according to today’s info. (which would take it toThurs. 13 June).”

Mon.10 June 2024 TNTina:“My daughter was blessed today when she logged into her account to pay her monthly payment on her college loan with FASFA and the remaining balance of $19,000 was zeroed out. My kids finally believe me now that NESARA/GESARA is real.”

Global Financial Crisis:

Feds Acknowledge Sanctions Led To De-Dollarization. BRICS:The Feds acknowledge that the White House pressing sanctions against developing countries led to de-dollarization.

Mon. 10 June 2024 There were 63 US Bankson the brink of insolvent collapse according to the FDIC.

US Congressman Thomas Massiesays the world is going to stop using the US Dollar as the global reserve currency.https://t.me/USDebtClockAmerica

Utah Senator from Utah Mike Leehas introduced legislation to ‘End the Fed.’

Former Federal Reserve chairman, Alan Greenspan:“The U.S. can pay any debt it has because we can always print money to do that.” This is why your living costs continue to skyrocket every year. Endless money creation by central banks dilutes the value of the money already in circulation, forcing prices to rise.

Putin urges major expansion of Russian financial markets,cutting use of Western currencies, Economic Timeshttps://m.economictimes.com/news/international/world-news/putin-urges-major-expansion-of-russian-financial-markets-cutting-use-of-western-currencies/articleshow/110800329.cms

Mon. 10 June 2024Saudi Arabia partners with BRICS & attends meetings hosted in Russia.

Read full post here: https://dinarchronicles.com/2024/06/11/restored-republic-via-a-gcr-update-as-of-june-11-2024/

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Courtesy of Dinar Guru: https://www.dinarguru.com/

Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani's making another speech...He said something very interesting. My cousin caught it...Something very interesting before, he said the dinar will be stronger than the dollar. FRANK: That's right. Remember? How many times have they been saying that over and over. FIREFLY: However, in today's talk he said to us Iraqi citizens the dinar is stronger than the dollar...

Militia Man Article: "Iraq bids farewell to the list of high-risk countries" We already heard talk about them going from a black list to a gray list. Quote: "Iraq's exit from the list of high risk countries that was officially announced by the international task force last week...This step will will also make Iraq a destination and a source of interest for major International Development and investment companies." Iraq is on the runway and ready to go, take off.

Real vs Fake | How to Spot The Fake Zimbabwe 100 Trillion Dollars Banknote

BankNote World : 6-8-2024

Fraudsters will attack any banknote or product where they think they can make money and get away with their crime. With the high collector value of the Zimbabwe 100 Trillion banknotes, counterfeiters have tried to produce and pass fake Zimbabwe 100 Trillion banknotes.

At BanknoteWorld not only do we ensure the authenticity of the banknotes we sell, we also scour the market to look for counterfeits so we can analyze them and provide guidance to collectors and law enforcement how to spot these fakes.

https://www.youtube.com/watch?v=pIzmxRpkO0A&t=4s

MAJOR DEVELOPMENT: Saudi Arabia Joins CBDC mBridge to End US Dollar Dominance? (THE TRUE REASONS)

Lena Petrova: 6-10-2024

https://www.youtube.com/watch?v=_hp6XohQtAM

Iraq Dinar-IQD Update-2024 Budget Dispurse-Legally Resolved-CBI- EU-IMF Support-Set Timings in play

MilitiaMan and Crew: 6-10-2024

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

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

https://www.youtube.com/watch?v=Gt8TEYVvwyU

KTFA

Monday Night Conference Call

FRANK26……6-10-24……..SUDANI…..YOUR TURN

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163 PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE= IMPLEMENTATION

https://www.youtube.com/watch?v=7Dsy21duiVA

Iraq Economic News and Points To Ponder Monday Afternoon 6-10-24

International Monetary: We Support Iraqi Reforms That Keep The Oil Market Away From Crises

Economy Monday, June 10, 2024 10:05 AM Follow-up/National News Center The head of the International Monetary Fund mission in Iraq, Ghazi Shubaikat, said that the Fund supports Iraqi reforms that achieve financial sustainability, keeping Iraq away from any crises affecting the oil market, which Iraq relies on to cover its annual expenses, anticipating growth in the Iraqi economy during the coming years.

*What Does The Fund Expect For The Future Of The Iraqi Economy?

- The Fund expects growth in the Iraqi macroeconomy, in conjunction with the reforms adopted by the government with the aim of creating realistic solutions to all economic problems, and we sensed seriousness from the Iraqi government in the field of achieving economic reforms that strengthen the relationship with the Fund, and this encourages the strengthening of cooperation in a way that serves the Iraqi economy, which He suffers from chronic problems.

*How Does The Fund Support The Iraqi Economy And What Is The Support?

The International Monetary Fund supports Iraqi reforms that achieve financial sustainability, keeping Iraq away from any crises facing the oil market, which Iraq relies on to cover its annual expenses, especially since a country like Iraq needs large revenues to cover the needs of all sectors, and this needs to create Real financial sustainability through reviving the productive and service sectors and bringing the capital cycle into a local context.

*What Do You Advise Regarding Reducing Unemployment Rates?

Iraq must focus on the labor market and create advantages in the private sector equivalent to what it obtains in the public sector, so that employment can be directed to the private sector, which must be activated within limits commensurate with Iraq's economic capabilities.

*What Does The Iraqi Labor Market Need?

- It is necessary to work on training and qualifying human resources in all specializations in light of the presence of human wealth that can be employed in a way that serves Iraq, with the need to create skilled labor in all sectors and in a way that is consistent with the government’s reform policy.

*In Your Opinion, Where Are The Strengths In The Economy?

- The private sector represents an economic force that can overcome challenges and gradually advance the national economy. It addresses many problems, especially since Iraq can achieve a diversity of revenues from sectors, some of which are distinguished by achieving sustainable revenues.

*What About The Financial Sector?

Competitiveness in the financial sector can create a sound financial sector with advanced services and safe and transparent money paths that support the economy and the stages of development it seeks and works to achieve and reaches the most important goals of financial sustainability. https://nnciraq.com/257087/

The Ministerial Council For The Economy Decides To Support The Independence Of The Central Bank In Formulating Monetary Policy

Economy News – Baghdad On Monday, the Ministerial Council for the Economy took several decisions, including supporting the independence of the Central Bank of Iraq and approving recommendations regarding the import of vehicles.

The media office of the Ministerial Council for the Economy stated, in a statement seen by Al-Iqtisad News, that “Deputy Prime Minister, Minister of Foreign Affairs, and Chairman of the Ministerial Council for the Economy, Fouad Hussein, chaired the seventeenth session of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister, Minister of Planning, and Ministers of Industry.”

Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, the Prime Minister’s advisors for economic and legal affairs, and the Chairman of the Securities Commission.”

He added, "The Council discussed the items on its agenda and took the necessary decisions regarding them, and hosted the President and Vice President of the Financial Supervision Bureau and the Director-General of the Legal Department in the Bureau to study and evaluate partnership contracts between the public and private sectors and demonstrate the economic feasibility of their continuation or termination."

He pointed out that "the head of the Bureau reviewed these contracts, which were divided between important contracts that benefit the state budget and contracts that lacked economic feasibility, and the Council decided to complete the discussions in the presence of representatives of the relevant ministries in order to resolve this important file."

The Council decided, according to the statement, “to approve the recommendations of the committee formed to study the adoption of Iraqi, Gulf, or higher specifications when importing vehicles in order to preserve the lives and safety of citizens and users of vehicles and roads.”

The Council discussed, “Determining the contribution of foreign capital to Iraqi banks, and in line with the state’s general policy in supporting the Iraqi and foreign banking sector and foreign investments in Iraq,” deciding to “support the independence of the Central Bank of Iraq in formulating monetary policy in accordance with its applicable laws and instructions.”

He hosted, “The Technical Undersecretary of the Ministry of Environment to discuss supporting the Ministry’s projects related to implementing the government program and removing obstacles that hinder its implementation.” 06/10/2024 - https://economy-news.net/content.php?id=44194

Implementing The Comprehensive Banking System Of Rafidain Bank In 29 Branches

Economy | 09:38 - 06/10/2024 Baghdad – Mawazine Rafidain Bank announced today, Monday, the implementation of the comprehensive banking system in 29 branches so far.

A statement from the bank, received by Mawazine News, stated, “In implementation of government directives to adopt modern methods in completing banking transactions and expanding the circle of banking activity using advanced technical devices, Al-Rafidain Bank announces the implementation of the comprehensive banking system in its branches (Anbar and Mosul University), thus joining the branches.”

The comprehensive system was activated in Baghdad and the governorates, in addition to the branches of the border crossings (Zurbatiyah - Safwan - Arar - Trebil) in an important step to abandon paper work and move completely towards electronic transformation.

The bank confirmed that “the plan for digital transformation and adoption of the comprehensive banking system is proceeding according to the set timings to include all branches of the bank in implementing the system, especially since one of the priorities and adoptions of the government program is electronic transformation in financial transactions, reducing episodes of red tape for citizens, and reducing time and effort in completing citizens’ transactions.”

https://www.mawazin.net/Details.aspx?jimare=249435

Find Out The Dollar Prices With The Closure Of Stock Exchanges In The Governorates

Economy | 07:10 - 06/10/2024 Baghdad - Mawazine News publishes an evening list of the dollar exchange rates against the local dinar in some Iraqi governorates. The list was as follows:

Baghdad: Selling prices: 147,000 Purchasing prices: 145,000

Basra: Selling prices: 146,000 Purchasing prices: 144,500

Erbil: Selling prices: 147,000 Purchasing prices: 146,000

Najaf: Selling prices: 146,000 Purchasing prices: 145,000

https://www.mawazin.net/Details.aspx?jimare=249485

Oil Prices Decline With The Rise Of The Dollar After US Data

Energy Economy News _ Baghdad Oil prices fell for the second session in a row on Monday, affected by a rise in the dollar if expectations of a cut in US interest rates were postponed in the wake of strong US jobs data on Friday.

By 0036 GMT, Brent and West Texas Intermediate crude futures fell 4 cents to $79.58 and $75.49 per barrel, respectively.

Data last Friday showed that the number of new jobs in the United States was more than expected last month, which prompted investors to reduce expectations of a rate cut and led to a rise in the dollar.

The rise of the dollar increases the cost of purchasing commodities denominated in the US currency, such as oil, for holders of other currencies.

The euro was also under pressure, reflecting the uncertainty in the euro zone, after French President Emmanuel Macron called for early legislative elections in June after his party lost in the European Parliament elections to Marine Le Pen's far-right party.

Markets are also focusing on the meetings of the Federal Reserve (US central bank) and the Bank of Japan this week.

Brent crude and West Texas Intermediate crude suffered a third weekly loss in a row last week, due to fears that a plan to reduce production cuts implemented by the OPEC+ group starting in October will add to an increase in global supply.

In Iraq, Oil Minister Hayan Abdul Ghani said that there is progress in talks with Kurdistan Region officials and representatives of international companies operating there to reach an agreement to resume oil exports through the Iraqi-Turkish oil pipeline, through which about 0.5% of global oil supplies passed.

Views 104 Added 06/10/2024 - 9:06 AM https://economy-news.net/content.php?id=44177

To read more current and reliable Iraqi news please visit :https://www.bondladyscorner.com/

Provoking Thoughts and Points To Ponder On Adversity:

Whenever there is chaos, it creates wonderful thinking. I consider chaos a gift. -Septima Poinsette Clark

I have always been pushed by the negative.... The apparent failure of a play sends me back to my typewriter that very night, before the reviews are out. I am more compelled to get back to work than if I had a success. -Tennessee Williams

What we want is never simple. -Linda Pastan

For me life is a challenge. And it will be a challenge if I live to be a hundred or if I get to be a trillionaire. -Beah Richards

To be thrown upon one's own resources is to be cast into the very lap of fortune, for our faculties then undergo a development and display an energy of which they were previously unsusceptible. -Benjamin Franklin

http://famousquotesandauthors.com/topics/adversity_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html

8 Upper Class Money Traps That Ruin Your Wealth

Cindy Lamothe Mon, June 10, 2024 GoBankingRates

Having a higher income doesn’t make you immune to making poor financial decisions. Those in the upper class might have access to more resources, but they can also easily fall for money traps that may jeopardize their wealth.

“One bad money habit that I have noticed among wealthy individuals is overspending,” said Paige Robinson, real estate investor and owner of House Buyers. “With their high income, some people tend to develop a habit of living beyond their means and indulging in expensive purchases or lifestyle choices.”

She added that this can lead to mounting debt and a false sense of financial security, as these people may believe that their high income will always cover their expenses. Below are eight more financial missteps the wealthy should be wary of making.

Believing You Have Unlimited Funds

“The most common money mistake I see wealthy people make is the false sense of security they have in their current bank balance,” said Martin Gasparian, attorney and owner of the law firm Maison Law. “They seem to think the money will always be there, without real awareness that zero is indeed a number, and at some point without proper planning, it may just come up.”

He continued, “So perhaps more of an attitude than behavior, I advise my financial clients to keep a keen eye on their current financial condition, as well as how they intend to stay there.”

Wealthy people know the best money secrets. Learn how to copy them.

Impulsive Spending

Even if someone has a lot of money, it doesn’t give them a free pass to spend recklessly, warned Sherman Standberry, licensed CPA and managing partner at My CPA Coach.

“Some wealthy people can get so used to having plenty of disposable income, that they develop a habit of buying things they don’t or will ever need,” he explained. “If they’re not careful enough, this habit can lead to some financial trouble in the long run.”

Not Vetting Who You Give Money

Another bad money habit that the wealthy succumb to, according to Gasparian, is the habit of handing out money to people who — while may seem in need – -really have no intention of paying them back.

“This includes investments that are not properly vetted or any large-scale financial purchases that lack forethought and true investment purpose.”

Neglecting To Pay Bills on Time

“I have also seen many well-to-do clients with dismal credit scores and a ledger full of late notices,” said Gasparian. “Those with capital may know how much money they have, but if their bills are delinquent or unattended to, this type of behavior leads to an unfavorable financial impression, and if one’s credit history is ever called into question, such debt may come back to haunt someone in a poor way.”

To Read More: https://www.yahoo.com/finance/news/8-upper-class-money-traps-150052645.html

Monday 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: Good evening MarkZ, Mods and everybody :)

Mod: HELLO EVERYONE! HOPE YOUR DAY IS GOING WELL!

Member: Praying this really is our week.

Member: Mark. Did you hear from your Bond Contacts?

MZ: I still have a couple that have not responded today. Hopefully they are getting paid today. The earliest expectations were for late tonight….and more on tomorrow and Wednesday,

MZ: I do have a couple more who were told to expect theirs tomorrow….they were told today that those appointments for tomorrow are still set….and the expecctations are that they will complete this time. . . I find this very encouraging.

MZ: If we see that- I believe we can then be excited….and all bets are off on timing.

MZ It’s been very quiet for Iraqi news….and quiet from Reno. Seems like everybody I waiting for the next shoe to drop on historic bonds.

Member: How long after the bonds go- will we go?

MZ: Most of my sources believe we will go within 3 days. That is why I watch the historic bonds and am hopeful this time.

Member: Lots of people are saying Iraq will go soon and by themselves. If they do, can we in the USA exchange them for rubles or another asset backed strong currency?

MZ: Im not worried if they go by themselves…..if they do –I’m prepared. And part 2- if you live in the US they will exchange it for USD and then you will have to buy those other currencies. This is nothing to be worried about.

Member: Mark, we have heard the stock market was gonna crash for so long. Do you think it’s really gonna happen???

MZ: “ Harry Dent predicts Stock Market crash worse than 2008 crisis. The bubble of all bubbles” More economists are starting to realize what we have been telling you all for some time now. Economisst’s are waking up to the manufactured numbers.

Member: Is watching the HCL implementation a good indicator?

MZ: It’s a very good indicator. I was told since very early in this process that this was a key indicator…along with the inversion in the bond markets which we have seen.

MZ: “ Breaking the banks- Senator Lee introduces bill to abolish the Federal Reserve” More and more are waking up. .

MZ: Zester is coming in soon to talk about this. “ XRP ledger ready to adopt tokenized gold and silver in Q3 of 2024” This is a type of de-centralized economy based on real assets that your central banks are terrified of. .

MZ: Bank Note World dropped a video about how to tel real from Fake Zim…..For those of you who were asking.

Mod: REAL VS FAKE ZIM: https://www.youtube.com/watch?v=pIzmxRpkO0A

Zester comes in to talk about XRP. Please listen to the replay for his information and opinions.

YOU CAN JOIN ZESTER’S “CRAZY CRYPTO” LIVE PODCAST ON MONDAY'S, WEDNESDAY'S AND FRIDAY'S AT 5:00 PM EST. HOPE TO SEE YOU THERE! ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

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

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 ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

https://www.youtube.com/watch?v=fppg2wIaiw4

John Williams: Saudi Arabia Cancels 50 Year Deal with the US

June 10, 2024

In a recent episode of his YouTube channel ‘ThisIsJohnWilliams’, economic analyst John Williams discussed a seismic shift in the global financial landscape: Saudi Arabia’s cancellation of a 50-year-old deal with the USA, and the implications this could have for the future of the US dollar.

For those unaware, Saudi Arabia and the USA have been partners in the oil industry for over half a century. This partnership has been instrumental in maintaining the petrodollar system, where oil prices are quoted in US dollars, thereby supporting the global demand for the greenback.

However, as Williams discussed, this long-standing relationship appears to be on the brink of collapse. Saudi Arabia has recently signaled its intention to abandon the petrodollar system, instead looking to conduct its oil transactions in other currencies, such as the Chinese yuan.

This announcement has sent shockwaves through the financial world. The demise of the petrodollar system could lead to a significant decline in the demand for the US dollar, potentially causing a collapse in its value.

Moreover, Williams also highlighted the ongoing shift towards digital currencies. With countries like China already testing their digital yuan, the future of finance seems to be heading in a digital direction. The US, in order to maintain its financial dominance, needs to keep up with this trend and develop its own digital currency.

However, the US dollar’s status as the world’s reserve currency is not just about its dominance in the physical and digital world; it’s also about trust. And if the US continues to print money at an alarming rate, as it has been doing to cope with the economic impact of the COVID-19 pandemic, this trust could erode, further jeopardizing the dollar’s status.

So, what does this all mean for the average American? If the US dollar’s value were to decline significantly, the purchasing power of our savings and wages would also decrease. This could lead to increased inflation, making everyday items more expensive.

While these are unsettling prospects, it’s important to remember that these are potential outcomes, not certainties. The financial world is complex and ever-changing, and many factors could influence these outcomes.

John Williams’ discussion serves as a valuable reminder, though. We need to stay informed about the global financial landscape and consider how these changes could impact our personal finances. It may be time to start thinking about diversifying our savings, considering alternative investment options, and preparing for a potential shift in the value of the US dollar.

In conclusion, Saudi Arabia’s cancellation of its long-standing deal with the USA and the ongoing shift towards digital currencies could significantly impact the future of the US dollar. While these changes bring uncertainty, they also present opportunities for those who are prepared and informed. Let’s stay vigilant, stay informed, and stay ahead of the curve.

https://youtu.be/RDTKKLWqIZI

https://dinarchronicles.com/2024/06/10/john-williams-saudi-arabia-cancels-50-year-deal-with-the-us/

Goldilocks' Comments and Global Economic News Monday Afternoon 6-10-24

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Iraq Economic News and Points To Ponder Late Monday AM 6-10-24

Minister Of Oil: The Proportion Of Gas Investment Has Risen To 63 Percent, And We Plan To Build A Number Of Refineries

Economy Today, 22:17 Baghdad – ; Deputy Prime Minister and Minister of Oil, Hayan Abdul Ghani, confirmed that the proportion of gas investment has risen to 63 percent, while indicating that the government is planning to build a number of refineries.

Abdul-Ghani said to the “Duty of Frankness” program, which is shown on Al-Iraqiya News and affiliated with the Iraqi News Agency (INA), that the proportion of gas investment rose to 63%,” indicating that

“the quantities of gas invested reached 1,900 million cubic feet.”

He added, "One thousand million cubic feet of gas is burned daily," stressing that "gas burning will stop completely for the period from 2028 to 2030." He pointed out that "Iraq will not need to import gas in the future," noting that "the Okaz field produces 60 million cubic feet of gas."

He continued, "Iraq's gas reserves are estimated at 140 trillion cubic feet," pointing out that "gas is considered the cleanest type of energy and fuel currently." He stated,

"A refining capacity estimated at 360 thousand barrels per day was added during the life of the current government," explaining that "Iraq consumes 28 million liters of gasoline per day."

He pointed out that

"Iraq produces 21 million liters of gasoline per day," noting,

"We will achieve self-sufficiency in gasoline during the next year." He pointed out that

"gasoline is subsidized by 50 percent from the state," stressing that

"the price of gasoline in Iraq is much lower than in other countries."

He explained, "We have achieved self-sufficiency in white oil and gas oil," noting that "for the first time in the history of Iraq we have achieved self-sufficiency in gas oil." He continued, "Iraq produces 4 million barrels of oil per day," noting that "Iraq exports 3 million and 400 thousand barrels of oil per day, and sometimes 3 million and 450 thousand barrels." He went on to say:

"We hope to have multiple outlets for exporting Iraqi oil abroad," pointing out that

"OPEC decisions are issued in coordination with Iraq." The minister continued,

"We are looking for other sources to deliver Iraqi oil to global markets," adding:

"We were exporting 400,000 barrels of oil per day through Turkish Ceyhan before it stopped." He stated that "we are conducting negotiations with Turkey to resume oil exports through Ceyhan," noting that

"there is progress in negotiations between the center and the region regarding the Iraqi-Turkish oil pipeline." He pointed out that "the Aqaba pipeline project has been on the table since 1983," stressing that

"we went towards activating the Basra Haditha pipeline all the way to the Iraqi-Turkish pipeline."

He continued, "We plan to build a number of oil refineries in Nasiriyah, Samawah, and a number of governorates," explaining that "the strategic pipeline project will feed the refineries with oil." He pointed out that "there is a plan to move the Doura refinery to Jurf Al-Nasr," stressing that "450 thousand barrels of oil per day go to local consumption." https://www.ina.iq/210531--63-.html

The Investor Sells To A Financier By “Defaulting” The Finances.. The Secrets Of The High Prices Of Investment Housing Units

Economy 2024-06-09 3,128 views Alsumaria News-Economy Today, Sunday, the Parliamentary Investment Committee reviewed the reasons for the “dilemma” of high prices for investment housing units, which were supposedly created to solve the housing crisis in the country, while indicating that the

most prominent reason is that the investor did not obtain a contract with the Ministry of Finance and therefore sold the units to “financiers.” “ They can set selling prices without any restrictions.

The Vice Chairman of the Committee, Hussein Al-Sabari, said in an interview with Al-Sumaria News,

“There are several reasons behind the rise in the prices of investment housing units, especially in Baghdad,” noting that the higher the prices.”

He added, "The other side of the rise in prices is that every investor who applies for a residential investment project provides economic feasibility by determining the construction price and the purchase price," noting that

"investment bodies, whether national or in the governorates, did not follow up and monitor the different numbers between reality and feasibility." "Economic, and therefore

we did not witness any punitive measures or warnings issued by investment authorities against violating companies."

He explained that the main reason behind the lack of monitoring and rising prices is that some investors circumvent this mtter by selling housing units to banks or financing financial institutions, and

they in turn sell at higher prices and in the numbers they want, as

they are not a party to the contract related to economic feasibility. He points out that

“the investor’s justification for selling the units to a financier or bank is that he did not obtain a loan or contract with the Ministry of Finance and the State Real Estate Department,” noting that

“there is negligence in the Ministry of Finance regarding this issue, represented by the problem of not signing contracts, which... The investor pays to sell the housing units to banks, which finance the construction, acquire the housing units, and sell them at the prices they want.”

He explained, "If the pace of work in new cities is fast and starts offering reasonable prices, it is possible for the middle classes to obtain housing units.

However, with this climate and investment environment in this way, it is difficult for the middle class to obtain apartments, especially within the capital, Baghdad."

https://www.alsumaria.tv/news/economy/490731/المستثمر-يبيع-لممول-بـتقصير-من-المالية-أسرار-ارتفاع-أسعار-وحدات-السكن

Reconstructing Iraq: The role of banks in financing the future

Time: 06/08/2024 20:27:26 Read: 2,730 times {Economic: Al-Furat News}Reconstructing Iraq after years of wars and conflicts represents a great challenge,

but it also represents an opportunity to rebuild a strong and sustainable economy.

Banks play a crucial role in financing reconstruction, by providing the loans and credit facilities necessary to finance construction and infrastructure projects.

TheIraqi Deposit Insurance Companyplayed an important role in enhancing the confidence of investors and depositors in the Iraqi banking system,

which made it easier for banks to obtain the necessary financing for reconstruction.

It is estimated that Iraqi banks have provided loans worth more than $10 billion to finance reconstruction projects in recent years.

Germany's experience after World War II is an inspiring example of how banks can play a crucial role in the country's reconstruction.

TheKfW German Development Bank has contributed to financing many vital projects in Germany, such as rebuilding industrial and residential infrastructure, and providing financing for small and medium-sized companies.

https://alforatnews.iq/news/إعادة-إعمار-العراق-دور-المصارف-في-تمويل-المستقبل

After Depriving About 200 Commercial Companies Of The Dollar... Will Some Goods “Disappear” From The Market?

Economy 2024-06-08 | 4,496 views Alsumaria News-Economy Today, Saturday, the Baghdad Chamber of Commerce outlined the expected effects of the Central Bank of Iraq’s recent decision to deprive 197 general trading companies from the currency auction, due to violations, while indicating the possibility of these companies returning to the auction.

Baghdad Chamber of Commerce spokesman, Rashid Al-Saadi, told Al-Sumaria News,

“The suspension of 197 companies and deprivation of obtaining the dollar at the official rate from the Central Bank of Iraq came after violations were flagged and the provision of unreal and exaggerated information about their trade and imports,” noting that“

some of their transactions The information you provided is fictitious, and in light of these violations, this penalty was imposed and they were removed from the list for obtaining dollars.”

Regarding whether depriving these companies will have expected effects on the market or the possibility of the “disappearance” of some types of goods and merchandise, especially since these companies are all general trade and cigarette import companies, Al-Saadi said,

“This number does not represent anything, as there are thousands of companies entering the currency auction for the purpose of obtaining dollars.”

Therefore, the increase in these companies will not have a significant impact on the market, whether in terms of goods or in terms of the rise in the price of the dollar.”

He explained that "the number of companies and merchants who enter through the currency platform is large and increasing day after day, after the facilities of the Central Bank and the increased experience of bank employees, as

previously merchants were facing problems and did not accept to buy dollars from the Central Bank due to the difficulty of dealing. However, employees...

"The banks have entered into training courses and the process has become easier."

Regarding the future of these companies and whether they will stop their work or go to buy the dollar from the parallel market, he stressed that

“these companies can adjust their legal status and submit a request to the Central Bank to reconsider the decision after these companies apply the required standards,” noting that “this matter

This happened earlier with 5 major and well-known companies in Iraq, where they were deprived of the dollar after a penalty was imposed on one of the banks,

but these companies submitted a request to the Central Bank, met the required standards, and returned to the currency auction easily.”

https://www.alsumaria.tv/news/economy/490639/بعد-حرمان-نحو-200-شركة-تجارية-من-الدولار-هل-تختفي-بعض-السلع-من-السوق؟

The European Union Mission Expresses Its Readiness To Cooperate With The Iraqi Banking Sector

June 09, 2024 His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the European Union mission headed by His Excellency Ambassador Mr. Thomas Seiler in Baghdad.

His Excellency the Governor discussed the role of the Central Bank of Iraq and its interest in developing the banking sector, and its diligent measures in structuring government banks and addressing problems therein with direct support and follow-up from the Prime Minister.

His Excellency explained that these banks used international auditing companies.

Pointing out that the Central Bank is working to establish a “Riyadah Bank” specialized in

financing small and medium enterprises, in order to

facilitate and develop credit capacity, in consolidating loans, with support and supervision from the Central Bank and

financing from private banks, and

seeking the expertise of international organizations in this field.

In his speech, His Excellency the Governor focused on the bank’s interest in

strengthening and developing electronic payment systems and

internal and external electronic financial transfers, and

developing supervisory practices in the field of combating money laundering in accordance with international standards.

For his part, Mr. Siler praised the role of the Central Bank of Iraq in the steps it took to develop the

banking sector,

conomic stability, and

confront difficulties and challenges.

Expressing the readiness of the European Union to provide support and joint cooperation in developing systems and expertise for the staff of the Central Bank of Iraq and to open areas of cooperation with the Iraqi and European banking sectors through official communication methods between them.

Central Bank of Iraq information Office June 9, 2024 https://cbi.iq/news/view/2604

To read more current and reliable Iraqi news please visit :https://www.bondladyscorner.com/

Provoking Thoughts and Points To Ponder On Adversity:

Every difficulty slurred over will be a ghost to disturb your repose later on. -Fridiric Chopin

Fire tries gold, misfortune men. -Anonymous

The fiery trials through which we pass will light us down in honour or dishonour to the latest generation. -Abraham Lincoln

Thou hast shown thy people hard things: thou hast made us to drink the wine of astonishment. -Bible

A wounded deer leaps the highest. -Emily Dickinson

The difficulties which I meet with in order to realize my existence are precisely what awaken and mobilize my activities, my capacities. -Jose Ortega y Gasset

http://famousquotesandauthors.com/topics/adversity_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html