Dinar Recaps Blog Page — Dinar Recaps (2024)

Good Afternoon Dinar Recaps,

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August 2024 Harvard Business Review: The Race to Dominate Stablecoins.

Yes, it is a race.

Companies are fighting to capture the market share that this new form of money is creating in the crypto universe.

“Stablecoins have the potential to REWIRE the global financial system and DISPLACE legacy payment systems like SWIFT.

Source:Twitter

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IT'S OBVIOUS THAT RIPPLE HAS POSITIONED ITSELF AS A PIONEER IN THE DEFI ARENA

RLUSD POSSIBLY BECOMING THE STABLECOIN OF CHOICE AFTER LAUNCH AND THE UTLITIY FACTOR THAT XRP PLAYS IN THE DIGITAL ECOSYSTEM, THERE CAN BE LITTLE DOUBT THAT RLUSD WILL ENHANCE THE MARKETABILITY OF XRP, EVEN THOUGH THEY PROVIDE ARE TWO COMPLETELY DIFFERENT PRODUCTS.

XRP WILL LIKELY RISE IN VALUE BASED ON ITS OWN USE AND UTILITY, BUT MAY SEE A BUMP IN VALUE WHEN RLUSD IS LAUNCHED.

@ Newshounds News™

Source:

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"In the United States, cryptocurrencies have been the focus of much attention by both federal and state governments.

At the federal level, most of the focus has been at the administrative and agency level, including the Securities and Exchange Commission(the “SEC”),the Commodity Futures Trading Commission (the “CFTC”), the Federal Trade Commission(the “FTC”)and the Department of the Treasury(the “Treasury”),through the Internal Revenue Service(the “IRS”), the Office of the Comptroller of the Currency(the “OCC”)and the Financial Crimes Enforcement Network(“FinCEN”).

The EU Parliament has passed and implemented the Markets in Crypto-Assets (MiCA) to provide regulatory clarity to crypto businesses in the European Union.

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Clare: JPMorgan Chase Supports Employees with AI Software from OpenAI

8/10/2024

JPMorgan Chase has rolled out a generative AI assistant to tens of thousands of its employees in recent weeks, the first phase of a broader plan to integrate the technology across the sprawling financial giant.

The software, called LLM Suite, is already available to more than 60,000 employees, helping them with tasks like writing emails and reports. It’s expected to eventually be as ubiquitous across the bank as video conferencing software Zoom, people familiar with the plans told CNBC.

Rather than developing its own AI models, JPMorgan designed LLM Suite to be a gateway for users to tap into large external models — the complex software that powers generative AI tools — and launched it with LLM from OpenAI, the maker of ChatGPT, according to the people.

“Ultimately, we want to be able to move seamlessly across models based on use cases,” Theresa Heitzenreither, JPMorgan’s head of data and analytics, said in an interview. “The plan is not to commit to a specific model of service providers.”

The move by JPMorgan, the largest US bank by assets, shows how quickly generative AI has spread across US businesses since ChatGPT arrived in late 2022.

Rival bank Morgan Stanley has already released a pair of OpenAI-powered tools for its financial advisers.

Tech giant Apple said in June it was integrating OpenAI's models into the operating system of hundreds of millions of its consumer devices, significantly expanding its reach. LINK

Clare: Prime Minister's Advisor: The government has established a roadmap for the economic model in Iraq

Saleh told the Iraqi News Agency (INA): "The economic model is a mathematical model used to represent the economy and analyze the behavior of various economic factors, as these models are used to understand how economic elements interact."

Indicating that "at the level of the philosophy of the Iraqi government curriculum, the basics of modeling the Iraqi economy were launched from an important vision based on the principle of analyzing the entire economy, taking into account the overall variables, most notably the basics of development and growth in the gross domestic product and imposing stability and effective operation of the joints of the national economy and the level of its interconnections."

He added that "the current digital life helps to use computing to conduct simulation experiments to understand the potential effects of various economic policies and adopt optimal paths from them," stressing that "Iraq has established in its government curriculum a practical foundation and a roadmap for the work of the economic model for Iraq through the development path strategy, since the beginning of the government of Prime Minister Mohammed Shia al-Sudani."

He pointed out that "the state of economic imbalance and its severe unilateralism has always required thinking about the future of the economy through an approach based on generating an alternative sector that leads the national economy."

Explaining that "the development path program is an academic viewpoint, and what the German economic thinker Albert Hirschmann presented in his famous book (Economic Development Strategy) published in 1958, in combating the state of imbalance and economic unilateralism with a theory based on economic development weight, and a leader for the economy that provides a high degree of backward and forward sectoral interconnections and high interactivity that achieves sustainable growth and restores balance in the long term for the national economy."
He pointed out that "this theory emphasizes in its model the need to invest in strategic sectors with a specific high priority instead of investing in all sectors at once," adding that "according to this theory, other sectors will develop automatically over time, and from this standpoint the idea of ​​the economic model for the future of Iraq in prosperity and diversity was born, which is undoubtedly based on a strategy for the overall economy based on the development path."

Saleh noted that “this development strategy and the economic model that drives the macroeconomic variables, did not separate from it the vision of partnership between the state and the private sector and the principles of the social market within the data of the five-year national development plan and its objectives that were recently launched,” concluding his speech by saying that “the economic model or model for Iraq that we aspire to establish will provide the predictive foundations for evaluating economic policies and directing investment decisions to achieve their specific objectives in an optimal manner.” LINK

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

Militia Man Why did Al-Sudani say to the world that the Iraqi dinar is stronger than the dollar? Was he lying? ...I don't think he was. We have to just wait and see how things progress because it wasn't said just once, he said it more than once. For a Prime Minister of a country to say something there was probably some reasoning for it, meaning behind it. That's his words not mine.

Militia Man Article: "Urgent: Central Bank Governor: No intention to reconsider dollar exchange rates, we are undergoing a major transformation" Does Alaq have any control whatsoever over the dollar? No, not at all. But what does he have control over? When he states he's not going to do anything about the dollar he means it because he can't. But what he does have control to change the exchange rate of the dinar. He has that control.

Electronic iqd

Nader: 8-10-2024

https://www.youtube.com/watch?v=SDWSOm_jpY0

Bigger number in Baghdad

Nader: 8-10-2024

https://www.youtube.com/watch?v=7jhOgVxpR3k

Al-Sudani: Without The Women’s Stance, The Greatest Changes In History Would Not Have Been Achieved

Politics |Today, Baghdad Today – Baghdad Prime Minister Mohammed Shia Al-Sudani confirmed today, Saturday (August 10, 2024), that his government realized early on that the goals of economic and social reform must pass through the gate of women.

Al-Sudani said during the conference on combating violence against women, which was followed by "Baghdad Today", that "this conference represents an important platform for exchanging ideas and supporting the effective role of women, as without the position of women, the greatest changes in history would not have been confirmed."

He added, "In our government, we realized early on that the goals of economic and social reform must pass through the gate of women, and we embodied the fight against violence against women in our support for the Sixteen Days Campaign, and we sought within a clear approach to establish the Supreme Council for Women's Affairs to be a direct planning and executive gate, and today we are proud and honored that our government includes in its administrative institutions many leading women."

He pointed out that "we will discuss in a specialized workshop all the observations raised about the Personal Status Law." LINK

Does Iraq Still Need The Role Of The United Nations?

Iraq,Reports # United Nations # UNAMI # Iraq The Iraqi government, headed by Mohammed Shia al-Sudani, took a step that successive governments after 2003 had not taken before, by asking the United Nations to end its political mission in the country by the end of 2025, which it has been carrying out for more than two decades, as Baghdad’s request to the organization stated that its presence was no longer necessary.

However, local observers tell Al-Jabal that Iraq needs neutral and professional international expertise to help it reach safety.

Al-Sudani stressed that in these circ*mstances and after 20 years of democratic transition and overcoming various challenges, the reasons for the presence of a political mission in Iraq no longer exist, calling for the mission's mandate to be permanently terminated on December 31, 2025, based on the letter he sent to the Secretary-General of the United Nations, Antonio Guterres.

Al-Sudani called for UNAMI to focus until then on files related to economic reform, combating climate change, and development issues.

What Does The United Nations In Iraq Consist Of?

The United Nations consists of two field missions (UNAMI and UNITAD), and UN agencies, funds and programmes, operating at the community, governorate and national levels throughout Iraq.

As for field missions, the United Nations Assistance Mission for Iraq (UNAMI) is a special political mission established in 2003 by United Nations Security Council resolution 1500, at the request of the Government of the Republic of Iraq. The mandate of the Mission is to advise and assist the Government on a range of issues.

This includes promoting inclusive political dialogue and national reconciliation, assisting in the electoral process, planning for a nationwide census, facilitating regional dialogue between Iraq and its neighbors, and promoting the protection of human rights and judicial and legal reforms. The Mission is also mandated by its mandate to work with government partners and civil society to coordinate the humanitarian and development efforts of specialized United Nations agencies, funds and programmes.

While the Mission does not implement humanitarian or development programmes itself, it does promote the development and humanitarian landscape in Iraq, linking Iraqi partners – both government and civil society organizations – with the technical expertise available within the United Nations Country Team in Iraq.

The Mission is headed by the Special Representative of the Secretary-General for Iraq, assisted by a Deputy Special Representative for Political Affairs and Electoral Assistance, and another Deputy Special Representative who also serves as Resident Coordinator and Humanitarian Coordinator for Iraq.

New Special Representative For Iraq

In the middle of last month, the United Nations announced the appointment of Mohammed Al-Hassan as its new Special Representative in Iraq and Head of the United Nations Assistance Mission for Iraq (UNAMI), succeeding Jeanine Hennis-Plasschaert.

The international organization said in a statement that "the Secretary-General of the United Nations announced the appointment of Mohammed Al-Hassan from the Sultanate of Oman as his new Special Representative in Iraq and Head of the UNAMI mission, succeeding Jeanine Hennis-Plasschaert from the Netherlands."

Al-Hassan has diverse diplomatic experience, as his career spans more than 30 years in the field of preventive diplomacy, peacebuilding and development. His most recent position was Permanent Representative of the Sultanate of Oman to the United Nations since 2019, according to the same statement.

Prior to that, Al Hassan held several positions at the Ministry of Foreign Affairs in Muscat. Among the senior positions he held were Ambassador Extraordinary and Plenipotentiary of Oman to the Russian Federation, and during the same period he was a non-resident ambassador to Belarus, Ukraine, Armenia and Moldova.

Informed sources told Al-Jabal that Mohammed Al-Hassan will soon begin his work, succeeding Jeanine Hennis-Plasschaert.

In this context, the Prime Minister's Advisor for International Relations, Farhad Alaa Al-Din, confirmed that the United Nations mission will end its tasks at the end of 2025, and Iraq expressed its gratitude and thanks for all the work and assistance provided by the mission over the past two decades.

In his interview with Al-Jabal, he stated that Iraq looks forward to continuing cooperation with the independent organizations and agencies affiliated with the United Nations according to an agreed upon program and according to Iraq’s needs, especially in the field of technical support, transfer of expertise, and building institutional capacities.

Iraq Needs International Expertise

Meanwhile, political and legal expert, Khaled Al-Ardawi, reveals that the international mission’s stay or exit is a matter decided by Iraqi need, as the presence of international missions is completely useful to help unstable peoples and countries or those that have emerged from severe military and political conflicts that have left a negative impact on their social and political cohesion, constitutional structure and security stability, due to the long international experience of the United Nations in this field, and its neutral role in setting advisory policies and strategies for governments in addressing their problems.

Al-Ardawi explained to Al-Jabal that anyone following the Iraqi situation in all fields can easily see that the Iraqi political, social and security situation is still fragile, and that our country still needs neutral and professional international expertise to help it reach the shore of safety.

Accordingly, the government’s decision to expel the UN mission remains respected, but it must reconsider it through technical committees, far from urgent political impressions.

Political Pressures

Meanwhile, the political researcher, Mujasha’ Muhammad Al-Tamimi, saw that the observer of the situation in Iraq sees that it is politically, economically, security-wise and socially unstable, so Iraq needs the help of friends to overcome its crises, and the United Nations and its mission in Iraq carry out advisory and guidance operations, not imposing decisions and transmitting reliable reports to the international community, so I see that Iraq needs the United Nations mission to help.

According to what Al-Tamimi told Al-Jabal, it seems that the Iraqi request to end the United Nations mission came as a result of political pressures imposed on the Iraqi government. Up until now, it is not believed that Iraq will abandon the role of the United Nations even after the end of its mission in Iraq. There may be a change of heart from the government if it sees that the situation in Iraq needs a United Nations mission. https://aljeebal.com/posts/305

Central Bank Of Iraq Announces Growth Of Electronic Payment From 800 Billion To 2 Trillion Dinars[/Size]

Economy | 10/08/2024 Mawazine News - Baghdad The Governor of the Central Bank of Iraq announced on Saturday a record increase in electronic payment operations from 800 billion to 2 trillion dinars in one year, noting that government payments reached 912 billion dinars during July 2024.

This came during his participation in a specialized workshop on accelerating the transition to electronic payment, organized by the "Osool" Foundation for Economic Development and Sustainable Development, followed by Shafak News Agency.

Al-Alaq said during his speech at the workshop that the Central Bank of Iraq works side by side with the government program and the Prime Minister's direction in supporting electronic payment, and we are proud of what we have achieved so far, indicating that in 2023, the amounts processed through the national switchboard witnessed a significant increase, reflecting the development of the infrastructure and the expansion in the use of electronic payment channels and the impact of the campaign launched by the Prime Minister to activate electronic payment operations in general, and in the government sector in particular.

He added that these upward trends continued to develop in 2024, as the amounts processed in the national switchboard systems reached more than 2 trillion Iraqi dinars in July alone, compared to 800 billion dinars in the same month of 2023, and became 1 trillion dinars in January 2024, and government payments witnessed an additional increase, reaching 912 billion Iraqi dinars last July compared to 287 million dinars in the same month of 2023.

Al-Alaq indicated that payments at fuel stations in Baghdad alone increased significantly, recording more than 44 billion dinars in July of this year, compared to 183 million dinars in July of 2023, and 4.5 billion dinars in December 2023.

Al-Alaq revealed a huge increase in the number of POS points of sale to reach more than 50 thousand points of sale this year compared to approximately 11 thousand POS points of sale at the beginning of 2023, and thousands of them in government institutions after It was zero before the campaign was launched in June 2023.

Al-Alaq expressed his hope that government institutions would adopt the establishment of specialized units in electronic payment technologies to work on following up and developing this important aspect. https://www.mawazin.net/Details.aspx?jimare=253011

Dave Ramsey’s Top 26 Tips That Will Save You From Financial Disaster

Gabrielle Olya Thu, Aug 8, 2024

When it comes to personal finance, money expert Dave Ramsey is known for having your financial health in mind.

Whether you’re buying your first car or want to start saving for retirement, following Ramsey’s strategic tips can empower you to kick bad money habits to the curb and develop the necessary skills to comfortably reach your goals.

Put yourself on the right track for financial success with his 26 best money tips:

1. Gain Control of Your Money

If you’re unsure how to start fixing your financial situation, Ramsey recommends taking control of your money.

Gaining control of your money starts by making a financial plan. Ask yourself what you want for your finances and how your money can take you where you need to go.

2. Set a Budget and Give Every Dollar a Name

A big part of gaining control over your money is creating and sticking to a budget, which Ramsey highly recommends. Those who have a monthly budget can control their money and reach their financial goals, whether that means paying off debt, buying a home or investing for retirement.

Before each month begins, Ramsey said you need to give every dollar a name. These names may include buying groceries, making a mortgage or rent payment or contributing to your emergency fund, just to name a few. Every dollar in your budget should have an assignment as this is a big part of effectively managing your money.

3. Save $1,000 in a Starter Emergency Fund

The first of Ramsey’s 7 Baby Steps is to save $1,000 for your starter emergency fund.

Typically, emergency funds are advised to have between three to six months’ worth of expenses. However, Ramsey recommends getting started with this smaller buffer fund to help cover any unforeseen expenses that may come with everyday life.

Having a starter emergency fund gives you peace of mind in knowing you have enough money to pay for these emergencies and will not need to resort to going into debt to cover costs.

4. Use the Debt Snowball Method To Pay Off Debt

Step two in Ramsey’s 7 Baby Steps is to pay off all of your debt. You can get a jump on eliminating debt using Ramsey’s debt snowball method.

How the debt snowball works is you start by paying off debt with the smallest balance. Once this piece of debt has been repaid, you work your way up, or snowball, to repay debt with the biggest balances. Debt snowball comes with plenty of psychological wins, like gaining confidence that your quick wins will allow you to confront your worst debts and pay them off in full.

5. Work a Side Hustle

Even if you carefully budget and work a good full-time job, you might find you need a way to earn extra money to reach your financial goals.

Ramsey recommends working a side gig to earn extra cash and fulfill goals like paying off debt or building your starter emergency fund. You might decide to drive rideshares, sell gently used items on platforms like Facebook Marketplace, or offer tutoring services.

6. Do Not Invest Until Your Debt Is Paid Off

This tip is often considered a bit controversial, but it is one that Ramsey firmly stands by.

To Read More:

https://finance.yahoo.com/news/dave-ramsey-top-26-tips-150051659.html

Stocks Dropped 89% - Will It Happen Again? | Alasdair Macleod

Liberty and Finance: 8-9-2024

Financial analyst Alasdair Macleod draws parallels between current market conditions and those of 1929, just before the Great Depression.

He observes that the disparity between bond yields and equity valuations today mirrors the imbalances seen before the 1929 crash.

This disconnect could lead to a severe market correction, similar to the initial panic that triggered the Great Depression.

Macleod warns that while central banks attempt to stabilize the situation, the underlying economic issues could result in a prolonged and significant downturn.

https://www.youtube.com/watch?v=O9uTClRuR9c

BRICS Advances Toward Independent Digital Payment Platform, Russian Official Says

Geopolitical analyst: 8-9-1014

The BRICS economic bloc is progressing towards a digital payment platform, Russia’s Federation Council Speaker Valentina Matviyenko has revealed. The initiative, named BRICS Bridge, aims to establish an independent financial system. This system could mitigate dependency on Western institutions, especially amid sanctions and Russia’s SWIFT disconnection.

https://www.youtube.com/watch?v=LiB8O5O46Rs

Fed Broke Another Central Bank, Global Sovereign Debt Crisis & Financial Turmoil Coming – Ed Dowd

Kitco News: 8-10-2024

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Edward Dowd, Founding Partner of Phinance Technologies, who warns that the Federal Reserve finally broke something as interest rates remained at 23-year highs for over a year.

Dowd explains that during this rate-hike cycle, what ended up breaking was another central bank – the Bank of Japan.

He outlines the consequences of this and says the clock has started counting down towards a global debt crisis. Dowd shares his macro outlook while also weighing in on geopolitical tensions and potentially identifying the next ‘Black Swan’ event.

He also gives his outlook on banking, projecting more stress and consolidation in the sector. Dowd warns of a scenario that could open the door to a central bank digital currency (CBDC).

He also speaks about U.S. elections, the U.S. dollar, Bitcoin and gold.

00:00 Coming Up

01:49 Introduction: The Fed Finally Broke Something

04:01 Fed's Actions and Economic Indicators

06:09 Global Debt Crisis and Japan

09:24 Yen Carry Trade 14:60 Geopolitical Tensions and Economic Implications

23:59 Banking Sector Outlook and CBDC Concerns

29:48 CBDCs 36:55 Macro Outlook

44:14 The Future of the Dollar and De-dollarization

https://www.youtube.com/watch?v=Cdom1Of0FMY

TNT:

Tishwash: Parliamentary Committee: The decline in oil prices will not affect the budget

On Saturday, the Parliamentary Oil and Energy Committee in the House of Representatives renewed its assertion that the drop in oil prices to $70 per barrel will not affect the budget.

Vice Chairman of the Committee, Nehru Mahmoud Qadir, told the Maaloma Agency, “There are concerns if the price of a barrel of oil reaches less than $70 in next year’s budget.”

He added, "The price of a barrel of oil was calculated at $70 in the budget for the year 2024, indicating that the slight fluctuation in oil prices will not affect it."

He stressed that "employees' salaries are fully insured even if oil prices drop to $70." link

Tishwash: Central Bank Governor Participates in a Workshop Specialized in Electronic Payment

Central Bank of Iraq
Media Office
August 10, 2024 link

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Tishwash: Document.. The Iraqi judiciary settles the controversy over whether the governor of the Central Bank should remain in his position or not

The Supreme Judicial Council in Iraq supported the State Council’s decision to refer the Central Bank Governor, Ali Al-Alaq, to ​​retirement after reaching the legal age.

The Supreme Judicial Council said in an official document, a copy of which was received by Shafaq News Agency, that the same subject was studied by the Studies Committee in the Presidency of the Judicial Supervision Authority, and the same opinion of the State Council was reached in the two aforementioned decisions.

The House of Representatives had sent a letter to the Supreme Judicial Council inquiring about the judiciary’s opinion on the permissibility of the bank governor continuing in service after reaching the legal retirement age.

The State Council has decided the official position on whether or not the Central Bank Governor, Ali Al-Alaq, will continue in his position, confirming that he has exceeded the legal retirement age.

It was stated in correspondence between the State Council and Parliament, in response to the House of Representatives’ request to clarify the opinion of the State Council regarding the permissibility of the Governor of the Central Bank continuing in service after reaching the legal retirement age.

The State Council had explained, according to the documents, that Clause (First) of Article (103) of the Constitution stipulated that the Central Bank shall be a financially and administratively independent body whose work shall be regulated by law and which shall be accountable to the House of Representatives. Article (2) of the Central Bank Law issued pursuant to Order No. (56) of 2004 of the (dissolved) Provisional Coalition Authority stipulated that the Central Bank shall be a legal entity with full capacity and independence and subject to accountability.

He pointed out that the legislator has explicitly stipulated that retirement upon reaching the legal age is an inevitable retirement by law unless exempted by a special provision, and since there is no special provision exempting the Governor of the Central Bank from the provisions of inevitable retirement upon reaching the legal age.

The State Council confirmed that the legal principle states: “Heads of independent bodies are subject to the legal retirement age.” link

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Tishwash: Iraq loses $52 billion in foreign investment due to "corruption"

On Saturday, the head of the "Iraq Al-Mustaqbal" Foundation concerned with economic affairs, Manar Al-Obaidi, referred to the latest report of the United Nations Development Program, which revealed the exit of more than 5 billion US dollars in foreign direct investments from Iraq in 2023.

The report showed, according to Al-Obaidi, that Iraq lost foreign investments worth more than 52 billion US dollars from 2013 to 2023.

Al-Obaidi stressed, in a statement received by Shafak News Agency, the importance of foreign investments in stimulating economic growth, increasing job opportunities, and transferring knowledge, stressing that foreign investments are an important source of income for funds not linked to state revenues or local investments.

Al-Obaidi identified the main reasons for the exit of these investments from Iraq, which include the deteriorating business environment, lack of transparency, accumulated bureaucracy, and multiple and conflicting decision-making sources, explaining that the lack of clear laws to protect foreign investors’ funds also contributed to this deterioration.

Al-Obaidi described the private sector support programmes as “weak slogans”, pointing out that the totalitarian and socialist thinking is prevalent in government institutions, which has negatively affected the objectives of investment agencies that have focused mainly on local real estate investments rather than in the fields of energy, infrastructure and productive projects.

Al-Ubaidi stressed that the continuation of socialist and pastoral thinking in government agencies will lead to the continued draining of foreign investments from Iraq.

He stressed the need for a real will to improve the business environment through three basic elements: transparency, facilities, and protection, in order to attract foreign investors and strengthen the Iraqi economy. link

Weekend News With MarkZ

MarkZ Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions

Mod: GOOD MORNING ALL! HAPPY SATURDAY! THE CBD GURUS KICK OFF THE FIRST 45 MINS AND MARK GIVES HIS NEWS UPDATE AT 10:30 AM

Member: Good morning Mark, Mods and friends! Let’s make it a great weekend !

MZ: I suddenly did start getting chatter/static from the bond side …

MZ: Its very positive with a couple confirmations that they have received final information that final contracts are done …they already have final instructions…….and they hope to start distributing “large scale” on Monday or Tuesday . Let’s hope that is accurate.

MZ: Some of this information is a “first” in this process….So I hope it is accurate.

MZ: I did have a number of contacts tell me that my guesstimates on rates on currencies are going to be way under. That rates will be way higher than I was anticipating.

Member: Nader just put out a video saying bigger rates as well.

MZ: I am hearing that from almost every source on almost every currency.

Member: I Always say to count on lower rates……and be surprised if its higher

MZ: I would rather go in thinking mentally lower and then get blown away by a nice high rate. To me that is a healthy approach.

Member: Anything 1 to 1 or higher is a big gift.

Member: If bond payments happened Monday or Tuesday, when would 4B be expected to go?

Member: Mark said in the past that we should go within a few days of bonds??? Hope it’s still true.

Member: Is an NDA required for currency?

MZ: We do not know for sure…..We continue to be told there won’t be an NDA on currencies-only bonds and zim…..but be prepared either way.

Member: There’s been a rumor for years that Saturday Night is the best time to release the RV…..Lets hope this is the Saturday we have been waiting for!!!

Member: Mark. Thank you for keeping us grounded. You are the best !!

Member: Have a very blessed weekend, everyone.

Mod: SEE YOU ALL ON MONDAY MORNING !!!

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Youtube: https://www.youtube.com/watch?v=aVhpuR13iSo

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.

Global Currency Reset: (Opinions/Rumors)

Bruce: Over 1500 Farm Claims have been paid out. Prosperity Packages National Guard deliveries started on Fri. 9 Aug. We would get notification to set appointments for Tier 4B and Tier 4A by noon Sat. 10 Aug. The new currency rates were trading on the Forex till Sunday 11 Aug. at 5pm.

Wolverine:

A trusted military intelligence contact confirmed that GCR Liquidity release began at exactly 3:00 PM PDT on Wed. 7 Aug. 2024 and would unfold over the next 72 hours. “The Sovereign Committee and US federal government have just approved T4A and B payments – this has started Reno, Miami, and other East Coast states.”

Those holding ZIM bonds will receive a $500 million advance until structured payments begin.

All non-ZIM FX proceeds will be immediately accessible.

For those who choose to place their funds under a structured payment program (SPP), there will be an advance of up to $250 million until the first SPP payment is made.

Distributions are scheduled to begin after Sat. 10 Aug.

Mid-September was anticipated to be a period of substantial activity of significant financial movement.

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On Fri. 9 Aug. 2024 the below briefly appeared on a John F. Kennedy Jr. Telegram site, but then disappeared so it is not known if it was valid or not: John F. Kennedy Jr.

Sources said delays were from making sure QFS system and all the test clients were done perfectly so they can see their funds in their accounts (or hold SKRs) but would not be able to use these funds until the shotgun start has started.

Understand that the Swift System might still be in use until all old currency has been declared useless, but those evil sources are still trying their best to keep it open or slow down the exchange.

Sources say Monday/Tuesday for release of emails/800#

International Default Rates (not Humanitarian):

Dinar will value at a “RI” rate from the time Iraq was invaded which would put it around $3.22 – $3.78

Zim was being offered at a default rate of first two 100T aa bond notes up to 30 T notes at $20 Million each, 31 T notes and up would default to $15 million decreasing the more notes you own.

HOWEVER the AA Zim are Bonds and we have been told they can NOT be renegotiated, ASK for the contract/solverant rate

These rates can be negotiated on your second visit with your projects and team members.

You will have 90 days to exchange
Have all currency on a spreadsheet and a copy for your appointment personal.
Currency should be separated by countries and denominations
Have your projects ready with a copy for your appointment personal.
Have your amounts ready to take care of your immediate needs.
No cash will be given, but an account of 50,000 to 100,000 will be put in your account
You can bring accountants, lawyers, banker and or family members but all must sign a NDA

The money from your birth certificate is already deposited in that account, as well as the repayment of the loans you have requested, student loans, mortgages, etc.

We all have monies that is ours in those accounts. You do not need to have Zim Bonds or Dinar. It is money that you have earned during your life and that is in that account.

Once everyone has collected the bonuses, the general public will come, they will be called to the redemption center, they will be given a QFS card and they can use their money.

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Global Financial Crisis:

Fri. 9 Aug. 2024: Bank of England expected to lose £254 BILLION from the QE money printing programme since December 2021 – The Economist

Fri. 9 Aug. 2024: Number of bankruptcies in Germany “unexpectedly” rose in July to the highest level in about ten years. https://www.berliner-zeitung.de/news/iwh-zahl-der-insolvenzen-im-juli-auf-rekordwert-gestiegen-berlin-besonders-betroffen-li.2242948

Fri. 9 Aug. 2024 US Traders lose billions on volatility short after Stocks Rout: https://www.reuters.com/markets/us/traders-lose-billions-big-volatility-short-after-stocks-rout-2024-08-07/

Major US Banks shut down 33 locations in just two weeks:

Nationalbankscontinue to shut down branches at an alarming rate, with multiple locations being shuttered in just two weeks in July.

33 is a significant number for “them”

Florida lost the most branches, with Ohio, Virginia and Texas following with three branches each in those states.

Bank of America closed 100 branches in 2024 alone.

California saw the most closures at 72 while New York was second with 51 and Pennsylvania had 40 branches closed.

Banks closing branches include:
1. Chase
2. Lemont
3. PNC
4. Dollar Bank
5. Axiom Bank
6. Wells Fargo
7. Zions Bancorporation
8. Capitol, Citizens
9. Bank of America

Read full post here: https://dinarchronicles.com/2024/08/10/restored-republic-via-a-gcr-update-as-of-august-10-2024/

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

Mnt Goat My CBI contact said...that the GOI has not yet accepted his [Ali Al-Alaq] resignation and so it is not final...The news media ran off half co*cked with the story... She said let’s wait and see what happens to Mr. Alaq. If he stays, he has to agree to work with the Feds and the US Treasury and work out a satisfactory plan, then take it back the Finance Committee and explain it. He is scheduled for a trip to the US for this purpose very soon... [Post 1 of 2....stay tuned]

Mnt Goat She [CBI contact] thinks he will remain as the proxy director for a period more... I believe he does...have the best interest of the country in mind with his policies. He has talked about reviving the Iraqi dinar to 1980’s levels. This is what we all want as investors...Let’s see what happens. [Post 2 of 2]

************

DOLLAR CRASH & END OF EMPIRE: Iran War, Dollar's Loss of Reserve Status, Propaganda | Dr. Ron Paul

Lena Petrova: 8-9-2024

https://www.youtube.com/watch?v=YEf35ERXj5w

Iraq Dinar News-Dinar Update-Past to Present-A Clear Focus-Swift-XRP-JPMorgan-Citi Bank-Blockchain

MilitiaMan and Crew: 8-10-2024

https://www.youtube.com/watch?v=Qurbprxpl0A

Sorry for the late posting - Recaps team member had power outage due to storm - thank you for understanding

Bruce’s Big Call Dinar Intel Thursday Night 8-8-24

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight - it is Thursday, August the 8th, and you're listening to the big call. Thanks for listening wherever you're tuned in, all around the globe, big call universe. Thank you. And boy, we're gonna have a great week. It looks like still, it's not the weekend, a great weekend.

What else is happening? When it comes to Intel, I have to tell you where we are and maybe where we're not. We did hear obviously, you guys know I was big on today being the number eight, China's favorite, number 8 8 24, and we did have some things that got started today, like bond holders getting paid out of Reno. And we know that pay masters and bond holders were flying into Reno, 3 flights in and 3 flights out - private jets 3 in and 3 out Reno Nevada - so that’s underway -

And I cannot speak to CMKX directly as fas as who has been paid and who has not been paid so be patient about that - it hasn’t happened for everybody yet – 0bviously – but I did get confirmation that over 1500 farm claims have been paid out as of 8 am this morning. You say well I’m not a farmer and I don’t have a farm claim -- I get that – I get it – but the fact that that many have been paid at 8 am that this morning is a good thing

And the other thing we heard three specific people that we know, were paid out 300,000 - one 410,000 and one paid 525,000 -- Now those are for farm claims, and so those are continuing - I think we had over 1500 paid out this morning - bond owners under way - what about prosperity packages? We did confirm they did have their meeting last Saturday s. They did decide - that was almost a week, not quite as what five days ago –

They did decide to use hand to hand delivery. Of those I know there's not direct deposit, not on top of the redemption center meeting / exchange - but rather they are going to come to your house Now I hope they will call before they show up. They're not arresting us. They're giving us a pretty sizable check, understanding its minimum 10 million if you're in prosperity. And those of you who are know who you are. So that’s a really good thing.

And also, people that we do deliveries are federalized National Guard - Federalized National Guard that has been contracted to do that delivery for us. So we think there'll be three members. One will stay with the vehicle. Two will come to the door, and that will be a real blessing when those come.

Now, those deliveries are supposed to have started either this evening or tomorrow morning, and that'll be really cool as they start tomorrow morning. Let's go beyond that. Let's see what else we know.

We know that today the redemption center stuff went in at noon - but they did not get the green light from Treasury yet - to send out the emails to all the staff and all of the principles, primarily the principals in all of the redemption centers, and the person that we know has jurisdiction over 2821 redemption centers that are located east of the Mississippi River. So we still don't have that happening yet. They could very well happen either tomorrow or Saturday.

Now the latest information that we received this evening - It was an hour or two before the call tonight was saying that we would get that start for tier 4B - that's the internet group - also included, I would have to say, would probably be tier 4A the Admiral’s groups.

And we thought at last count, the 22 of those groups. So those groups will probably be notified around the same time that we get notified. They could get it sooner, though. They might get a little sooner, but those are coming out, and we're hearing the last piece of information was that we should get those Saturday morning, or we'll say Saturday at least by noon.

So if we don't get them tomorrow, which is possible - One piece of information says 24 hours, we put it in tomorrow. And another said 24 - 48 hours, which would put it by Saturday around noon. So be aware that that's more than likely going to be the case, and open Saturday up for exchanges to occur that afternoon / evening.

So also we can get that and we and Sunday, redemption centers will be open, and so on and so on. We would be able to exchange and redeem our zim and bonds, if you have bonds, sheet bonds, Saturday, Sunday, Monday, and so on, all the way through the week.

So when it comes to what you guys might be seeing, I can tell you that the Zim rate is extremely high, and we're going to be given a very strong rate on the dinar. Don't have the Dong yet, but it's coming. And the banks and redemption center screens this afternoon, by five o'clock today, were populating.

So they weren't solid. They were flashing so fast you could make out the value of the currency, but all 19 currencies that are going up in value for us will be solid either tomorrow or probably Saturday, either one. So don't worry about that. But they could not read the rate because they were populating and blinking, flashing – so fast. They call them flashing because they are so fast,

All right, so that's happening that shows that the rates are trading and they're still trading until Friday. Certainly the 4x is trading till Friday at five o'clock, and that'll be good, and then they'll continue to the Forex on Sunday, at 5pm -

Lets see - anything else ? I want to I want to say everything is moving behind the scenes. I'm sure there's stuff happening on the political front. I don't have anything to mention about that right now. I don't know about, well, I know that we're looking at doing some --- uhhh I can’t even mention that –

We're looking at getting things well underway for us, but I can't tell you when NESARA and GESARA will actually start. I believe NESARA will start with a new rate for our USN dollar, I don’t know how we should have that if it's even going to be announced, if at all -- I think we've heard that it's just going to come out, and we get it. We know it. We get it to banks. We get at the end, and we realize our new currency is asset backed, and we just run with it.

Our fiat money here in the states will be good for a few more months, even after the gold back dollar comes out. Because as the gold dollar is phased in and we get that at the banks or ATMs, the old fiat currency will go away and we'll use it, or we'll turn it in and exchange it.

I wouldn't collect $50,000 in fiat currency on your mattress or in coffee can and bury them in the yard, because eventually the currency will be worthless even here in the United States, you want to be very careful not to do that. I know some people that are kind of like that. They don't trust the banks, and they want to just have their money. Well, you better be aware that our new money is changing.

Our new money is coming out as an asset backed USN for us note or United States new - Look at it either way - USN and it's still the US dollar, but it's not USD, it's USN designated on the screens.

Okay, so what everybody needs to do is pay attention between now and the weekend to emails coming in, and I would say there's a pretty good chance we're going to get them Saturday before lunch. I don't about tomorrow - it was in play big time, but the latest information took tomorrow out of play and brought Saturday into play. So I'm going to go with that for right now and that’s the last I can say about it.

I think that’s everything -- I want to make one little caveat. There are two things. One - I meant to mention this on Tuesday night, there is an email going out or around that is suggesting that President Trump was arrested or President Trump was shot, executed or something - And there have been a couple of them out there from the deep state - they’re lies, and there's an attachment when you open those up, there's a virus, a really dangerous virus that will totally corrupt your computer system or your phone. So do not open it.

If you get something that says President Trump or Trump arrested, just ignore it and pass it on. Don't open it because it's got a norovirus in it, if you will.

The other thing point I wanted to make is be careful what you guys are reading online. There's some things coming out talking about this being capped, or that being capped, or you're only going to get so much for zim, or you're only going to be able to max out to this. None of that's true. It's all a lie.

There's no limit on the amount of zim, and the rate is going to be incredible. And I'll just say it this way, remember when we talked about this and zim was on par with the dollar ? It will be higher. Just saying –

Now, stay away from some of these sites, even the sites that you would think would be okay have been warned, warned and you don't want to be taking part in those. I know it's something I used to look at everything I can find online, too. But your best bet is to kind of minimize what you're reading right now because there’s a lot of deep state stuff that's trying to take you out of the benefit of this blessing. All right?

All right – enough said - Now, let's go ahead and pray the call out - first before we do. I want to thank Bob and I want to thank Sue - GCK Jeannie, also Pastor Scott and the satellite team, or sat team as I call them getting the call out to virtually every country in the world, almost and to anywhere from 15 to 20 - 20 plus million listeners. And that's a beautiful, beautiful job that they've done to do that.

So I'm very, very pleased that they have done that - I want to thank big call universe, the listeners, for listening to the call for the last 13 years. And obviously some of you, many of you, have listened from the first call and haven't missed a single call, which is really amazing. Let's do this, guys, let's just stay in faith and watch what happens over the next couple of days, and then we'll be ready to set our appointments go in exchange and redeem our zim. Let’s do that and let’s pray the call out

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Bruce’s Big Call Dinar Intel Tuesday Night 7-31-24 REPLAY LINK Intel Begins 57:37

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Bruce’s Big Call Dinar Intel Thursday Night 7-4-24 REPLAY LINK NO CALL

He pointed out that "thecentral bank, with the aim of maintaining market stability, sells foreign currency to the market through the currency sale window and auction, to withdraw liquidity a second time and repeat it again so that there is a natural growth in theexported currency."

Mazhar Muhammad Salih noted that, “In this case,when the government wants liquidity in the Iraqi dinar, the cash issuance increases, that is,

instead of absorbing it from the market, anew issuanceoccurs, and

this is whatled to a jump intheexported currency, but

there is no problem with that because it is100% covered.”/End H

https://ninanews.com/Website/News/Details?key=1146399

Saleh: There Is No Problem With Liquidity At All, And What Happened In The American Markets Requires Caution

Read: 572 times {Economic: Al-Furat News}Thefinancial and economic advisor to the Prime Minister, Mazhar Muhammad Saleh,denied that there was a problem withcash liquidityin the Iraqi currency. Saleh said in a press statement,

“There is no problem withliquidityat all becauseit is covered byforeign currency,” indicating that

“themechanism for obtainingcash liquidityis thatoil sales are converted into US dollars, and

when the government needsdinars for internal exchange,oil sales are exchanged for dollars and go to a bank.” The monetary issue that is the central bank to give it currency.” He pointed out that

"thecentral bank, with the aim ofmaintaining market stability,

sells foreigncurrency to the market through the currency sale window and auction, to
withdraw liquidity a second timeand
thenrepeat it againso that there is a natural growth in the exported currency."

As for thesizeof themonetary supply, Saleh explained,

“There has been anincrease inliquiditywithin a year,as the issued currency has become more than 100 trillion dinars, after it was 80 trillion dinars,” stressing that

“these surgeshave no effect as long asthey are covered by foreign currency.”

The financial advisor to the Prime Minister believes that theworld's economic circles were surprised by sharp fluctuations and declines in theUS stock marketamid awave of panic over fears about a possible recession in the largest economy in the world, and that

"these declines were built on a combination of local and global economic factors that led to weak investor confidence in the performance of... The American economy, and

if the situation continues for six continuous months, the recession will turn into a major depression that will hit all the world’s economies.” Saleh pointed out,

“The US Energy Information Administration previously announced that it expects average prices to reach about $89 per barrel for the rest of 2024,

butthere is a gradual decline in global oil prices, which has begun to coincide with the decline in the value of financial assets in the American markets, especially the decline in oil.”

The signal is (Brent crude), which ranges at about $76 per barrel in futures contracts after it reached approximately $88 per barrel last June, which requires more caution and economic calculation.”
https://alforatnews.iq/news/صالح-لا-مشكلة-بالسيولة-اطلاقاً-وما-حدث-في-الأسواق-الامريكية-يستوجب-الحذر

Leaks About The Dismissal Of The Governor Of The Central Bank Of Iraq: The Hidden Reasons And Implications

Dismissal of the Governor of the Central Bank of Iraq: Financial disputes or a political conspiracy?

Al-Independent/ -Informed sources reported that the Governor of the Central Bank of Iraq,Ali Mohsen Al-Alaq, faces imminent dismissal in the coming days, not because he has reached the legal age as previously thought, but because ofhis opposition to financing projects and loans worth millions of dollars provided by the Sudanese government.

The scene became more ambiguous as Al-Alaq remained silent and refused to answer questions from the media.

According to a source who requested anonymity to Al-Mustaqila’s correspondent, Al-Alaq strongly opposed the financial arrangements that included financing huge projects and loans from the Sudanese government, and

this position appears to have been the main factor behind the moves to remove him from his position.

The sources have not yet revealed precise details about the type of these projects or loans, but the large amounts associated with them have sparked disagreements between Al-Alaq and the Iraqi government.

Thesame source indicated that the potential replacement for Ali Mohsen Al-Alaq’s position is already ready, and

he is a person who is expected to quickly take over the position once it is vacated.

It is expected that the replacement will follow policies in line with the current government's trends, which may explain the speed of the decision to dismiss.

In a related context, some media and political sources issued warnings to the Prime Minister regarding the influence of a group of personalities or parties on government decisions related to the financial sector.

The warnings indicated the need to be wary of these individuals and their potential impact on monetary and financial policy in Iraq.

The government of Muhammad Shiaa Al-Sudani is accused of corruption, even though Al-Sudani was a critic of the government of Mustafa Al-Kadhimi.

However, his rule witnessed an increase in corruption and its penetration into the joints of the state.

One of the controversial decisions during his reign was to reduce the exchange rate of the dollar against the dinar, which caused losses to the state budget exceeding 15 billion dollars. https://mustaqila.com/علي-محسن-العلاق/

For current and reliable Iraqi news please visit:https://www.bondladyscorner.com/