Early Access — Dinar Recaps (2024)

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Economics, News Dinar Recaps 20 6/19/24 Economics, News Dinar Recaps 20 6/19/24

Danielle DiMartino Booth: Fed Doesn't Have a Snowball's Chance in Hell of Achieving a Soft Landing

Palisades Gold Radio: 6-19-2024

Tom welcomes back Danielle DiMartino Booth to the show to discuss de-dollarization and its implications for the US economy.

Danielle argues that while concerns over countries moving away from the US dollar system have been ongoing for a long time, the US dollar remains dominant in global transactions due to its vast liquidity pool and lack of competition.

She advises investors to diversify during financial crises instead of doubling down on dollars. The conversation touches upon the Federal Reserve's actions, with Danielle expressing concerns about potential policy errors regarding inflation and outdated data usage.

Danielle discusses employment statistics, mentioning that hard data from the Quarterly Census of Employment and Wages (QCEW) plays a significant role in revisions to non-farm payrolls and Gross Domestic Product (GDP).

Danielle DiMartino Booth: Fed Doesn't Have a Snowball's Chance in Hell of Achieving a Soft Landing

Palisades Gold Radio: 6-19-2024

Tom welcomes back Danielle DiMartino Booth to the show to discuss de-dollarization and its implications for the US economy.

She expresses concern over the Fed's reliance on outdated data and potential late action.

The conversation also covers concerns about risks for regional banks, rising bankruptcy rates, and imminent student loan delinquencies. She also discusses signs of a potential recession, including slowdown in credit card spending, increasing charge offs, and decreasing employment levels.

Despite some optimistic predictions, she express skepticism due to the weak economic foundation and the Fed's role in combatting inflation with varying opinions on its likelihood.

Time Stamp References:

0:00 - Introduction

0:45 - Dedollarization Trends

2:47 - Global Dollar Trade

5:49 - Reserves and Data

8:57 - Fed & Global C.B. Cuts

10:49 - Fed & 2024 Elections

12:55 - Consumer 'Health'

13:58 - Fed Revisions & Data Lag

19:44 - Bankruptcies & Inflation

23:44 - Problems Not Priced-In

25:27 - Regional Banking Risk

28:47 - Bigger Banks & Losses

32:52 - Credit Card Spending

34:52 - Deep Long Recession

37:40 - Fed - Hard Landing

38:55 - Inflation Targeting

41:09 - Wrap Up

Talking Points From This Episode

- The US dollar's dominance in global transactions is due to its vast liquidity pool and lack of competition.

- Investors are advised to diversify during financial crises instead of relying on dollars. - Concerns over the Fed's policy errors, outdated data usage, and potential late action in addressing economic issues.

https://www.youtube.com/watch?v=RyDMGo3eUT8

Chats and Rumors, Economics Dinar Recaps 20 6/19/24 Chats and Rumors, Economics Dinar Recaps 20 6/19/24

TNT:

Tishwash: Kurdistan Federation: Legislating the oil and gas law will resolve the disputes between Baghdad and Erbil

The spokesperson for the Patriotic Union of Kurdistan parliamentary bloc, Suzanne Mansour, said on Wednesday that legislating the oil and gas law would be sufficient to resolve the disputes and outstanding issues between Baghdad and Erbil.

Mansour said in an interview with the Maalouma Agency that the oil and gas issue has been stuck between Baghdad and Erbil for many years, noting that “recourse to the constitution lies in legislating the oil and gas law.”

She added, “The draft oil and gas law is still with the government and we are waiting for the law to be enacted in the House of Representatives,” noting that “approving the law would regulate the relationship between Baghdad, Erbil, and the oil.” -producing provinces.”

She continued, “There is a committee formed by both sides in Baghdad and Erbil to solve all problems, including the oil and gas law.” link

TNT:

Tishwash: Kurdistan Federation: Legislating the oil and gas law will resolve the disputes between Baghdad and Erbil

She continued, “There is a committee formed by both sides in Baghdad and Erbil to solve all problems, including the oil and gas law.” link

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Tishwash: “K” Company: The rise in electronic transactions develops the financial sector

The International Smart Card Company “K” described the rise in electronic transactions as a victory for the financial sector, which seeks to develop the financial sector.

An official source in the company said that government support and the Central Bank of Iraq had a positive impact on expanding the electronic payment base, which coincided with the company's plans aimed at continuously developing performance and benefiting from the global developments witnessed by the financial sector.

He added that the company's work team continues to provide performance and develop new services that suit the needs of customers, both companies and citizens.

He pointed out that the Iraqi market represents fertile ground that requires more effort, especially as there is a great desire to continue global developments in developing the financial sector. link

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CandyKisses: Shameless and unacceptable statements... Al-Sahhaf calls for restraining the American ambassador

Information / Baghdad.

The spokesman for the popular legal movement, Mohammed Al-Sahaf, on Tuesday, rejected the US trusteeship over Iraq, calling on the government to rein in the new US ambassador Tracy Jacobson.

Al-Sahhaf said in a statement to the Information Agency that "the new US Ambassador Tracy Jacobson's provocative statements have floated a set of UN resolutions."

He added that "the intervention of the new Washington ambassador to Baghdad is negative and reprehensible and a clear interference in the affairs of a sovereign state," noting that "the Iraqi people reject the American trusteeship of Iraq."

"The US ambassador's statements are rude and unacceptable, and it is not the Iraqi people who are subject to US tutelage," he said.

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

Frank26 Article: "Iraq is preparing to establish a project that will change the oil map.. Will it affect energy producers?" If you change the oil map, you change the exchange rate/the value of the currency of Iraq. Quote: "Iraq's financial budget for the current year included the new pipeline project at an amount estimated at approximately 6.5 billion Iraqi dinars ($4.9 billion)" I don't need to go any further than that...1.32 is what the citizens of Iraq are potentially in a position to receive. This article proves that there's a different rate in the budget...

Militia Man Article: "Iraq is preparing to establish a project that will change the oil map.. Will it affect energy producers?" Quote: "Included the project of this new pipeline with an estimated amount of 6.5 billion dinars or $4.9 billion." Think about what they just said, 6.5 billion Iraqi dinar equates to $4.9 billion...It is like saying the dinar is worth 1.32 to $0.76...That to me will be considered a REER.(Real Effective Exchange Rate)

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BRICS UPDATE: BRICS Bank Forum Signals Expansion of BRICS Lending Into Emerging Markets

Lena Petrova: 6-19-2024

https://www.youtube.com/watch?v=6xYsA4nOplU

Preparing for the Imminent Debt System Collapse with Francis Hunt

ITM Trading: 6-19-2024

Francis Hunt, also known as the Market Sniper, discusses the ongoing financial collapse and the importance of investing in gold. He explains how the U.S. dollar's strength masks underlying issues in the debt markets and why gold is a safe haven.

Hunt uses diagrams to illustrate the complexities of the financial system, highlighting the dangers of holding U.S. treasuries and the significant accumulation of gold by major players like China.

He warns of an impending collapse and advocates for physical gold as protection against systemic failure.

https://www.youtube.com/watch?v=WV1gLiyOiHU

Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 6/19/24 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 6/19/24

Goldilocks' Comments and Global Economic News Wednesday Afternoon 6-19-24

Good Afternoon Dinar Recaps,

Vietnam transitions to a cashless society

Visa’s Consumer Payment Attitudes Study 2023 indicates a significant rise in cashless payments, especially mobile wallet transactions, among Vietnam’s merchants.

A remarkable 79% of food and dining establishments and 74% of retailers and convenience stores now accept cashless payments.

Meanwhile, Visa’s Asia Pacific Small and Medium-sized Business (SMB) Research 2023 further indicates that over 40% of SMBs in Vietnam now accept card payments, acknowledging their critical role in business operations.

Goldilocks' Comments and Global Economic News Wednesday Afternoon 6-19-24

Good Afternoon Dinar Recaps,

Vietnam transitions to a cashless society

Visa’s Consumer Payment Attitudes Study 2023 indicates a significant rise in cashless payments, especially mobile wallet transactions, among Vietnam’s merchants.

A remarkable 79% of food and dining establishments and 74% of retailers and convenience stores now accept cashless payments.

~~~~~~~~~

mBridge EVM compatible…

(Ethereum Virtual Machine)

Presentation from BIS

Innovation Hub showcase….

(Circa May 2024)

#XRP #XRPCommunity

~~~~~~~~~

Issue Date:June 14, 2024 File Number: S7-13-22

Rulemaking: Special Purpose Acquisition Companies, Shell Companies, and Projections Corporation Finance

Status: Final Rule: Special Purpose Acquisition Companies, Shell Companies, and Projections; Correction

Today, the SEC registers the Final SPAC Rules. SPAC stands for Special Purpose Acquisition Company. SPAC is a company that raises money in an Initial Public Offering (IPO) to acquire a private company and take it public.

SPACs are also known as blank-check companies that providemoney for startup companies preparing to offer new technologies (digital assets) on the QFS. The registering of this final rule will enable many technological advances to begin and be placed on the QFS.

Here comes liquidity for our new tokenized assets. SEC KPMG

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What is a SPAC? |Barrons

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Today the Independent Evaluation Office (IEO) of the International Monetary Fund (IMF) concluded that newer IMF policy areas such as governance, social spending, digital money, climate change, and gender are leading to “serious” challenges, including overburdening staff. That’s because the expansion of activities beyond its traditional areas has happened with “limited resources and expertise”, including a more or less flat budget in real terms. However, the Board approved each of the expansion areas. Ledger Insights IEO IMF

👆Do you see an urgency here?

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Putin arrives in North Korea, vows to boost cooperation and fight sanctions —Radio Free Asia

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This direct trade in local currencies was not only aimed at expanding bilateral trade to $100 billion under their free trade pact but also meant to develop a mechanism and ecosystem of directly dealing in two currencies. It was presumed to cover around 20-25 per cent of trade in local currency initially. However, the first deal that happened in Indian rupee-UAE dirham was an oil deal. |RFA

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Indonesia Stock Exchange Partners with Nasdaq to Upgrade Market Infrastructure

Sunandar, Director of Information Technology and Risk Management at IDX said: “With this trading system and technology infrastructure upgrade, we envisage becoming more competitive and staying attractive for both domestic and international investors. We believe this partnership will speed up the modernization advancement of the Indonesia capital market while supporting sustainable economic growth.” |FinancialPost

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As we approach the elections, the markets are going to start showing their true colors. Bank mergers will increase as we leave behind the old Financial System and move into a new Digital Economy.

China and Russia have sold most of their US bonds. Now, we are witnessing the beginning stages of Japan doing the same. China and Japan have been huge Bond holders of the US debt instrument. And now, Japan wants to begin selling their bonds for Bitcoin. I bet you didn't see that coming. 😂

Many of the US Banks are holding a significant amount of unrealized debts that will go against their banking net worth. Our Government has been attempting to swap out many of these maturing bonds with new bonds holding a higher rate of return.

This still doesn't look like it is enough so far to balance the unrealized debt holdings our banking system currently has on their books.

This will create a downward pressure on the US dollar going forward. It will begin the process of leveling the playing field with other currencies around the world.

The banks that survive into the next economy will be those who are Basel 3 compliant. The road ahead will be bumpy as we activate new digital mechanisms through tokenized assets that will form a bridge to the new economy.

Europe is further along than the rest of the countries in the completion of their MICA regulations. Look for them to transition through the sale of their own bonds into digital assets and gold.

The US may not be far behind. And the BRICS system, let's just say the Global South is about to rise. Bitcoin Magazine

"Japan's Norinchukin Bank to sell US$63b of US, European govt bonds to stem losses" |The Edge Malaysia

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U.S. SEC HAS PERMANENTLY
SUSPENDED ITS INVESTIGATION
INTO ETHEREUM.

ETH ETF trading will start within next
3 weeks.

This will be the beginning of the biggest crypto Altseason.

Here's how you could make millions from it:

(Bookmark it)
Twitter

👆 Goldilocks pointed to this article

~~~~~~~~~

BREAKING NEWS - OPEC Power Alliance in Trouble? |Youtube

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calls, Chats and Rumors DINARRECAPS8 6/19/24 calls, Chats and Rumors DINARRECAPS8 6/19/24

Bruce’s Big Call Dinar Intel Tuesday Night 6-18-24

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It's Tuesday, June 18TH and you're listening to the big call. I hope everybody's tuned in all over the globe - thank you satellite team for getting the signal out to so many countries, as many as 200 countries around the globe, and we've had confirmation of about 25 million individuals that the call has gone to - it’s a unique software thing where they can translate my voice into umpteen different languages in three seconds. So that's really an amazing feat – We count ourselves blessed to have a satellite team that can make all that work technologically and get it out there

So we're excited. Oh, don't forget, Federal holiday tomorrow. That's right, Juneteenth is June 19. It celebrates the end of slavery, the emancipation and proclamation - it is now a federal holiday, but keep that in mind tomorrow and beyond that, let's pray the call in as we welcome everybody around the globe - let's pray to call in

Bruce’s Big Call Dinar Intel Tuesday Night 6-18-24

Transcribed By WiserNow Emailed To Recaps

Okay, thank you Bob. And let's take a look now. Thank you very much for that segment, Bob. Ley’s take a look and see where that puts us tonight - and there's some interesting information that we found today and yesterday. – Primarily today

And where we stand right now is - redemption center people that we know - we know they have a job to put in the new quantum financial system “codes” into the computer – and we know that they have entered codes in the last couple of days - and the codes came back - they are going to re-enter - in other words it wasn’t taken - it wasn't receiving -

Then – well today. Okay, let's put the code again today by 1030 in the morning, and then what happens? What takes or whether you get an email back? Well, of the three codes that were entered, one was received and two were sent emails back, and the emails are sent back. Were on Iraq, one on the rupiah - and the reason was, I believe.. they did not state this, but I believe we had been told, You guys remember that we thou ght the Iraqi Budget for Iraq had been put in the Gazette last Saturday.

Well, came to find out it was NOT in the Gazette Saturday.

Sources in Iraq said he was told by the prime minister of Iraq that it would go into the Gazette tomorrow, which is Wednesday. Okay, that's good. So the fact that we get an email back at the redemption center saying, “nope not yet.” There is still something with Iraq –

So to me – its probably because the budget has not yet been put into the Gazette and therefore the rate would not be seen in the Gazette and so on

So even though Iraq is trading up the value of the dinar – they really were not quite st the position of locking in that rate for us

Now cut to Afghanistan - That situation requires a rate. It requires a rate that is solid for the rates to lock in - we anticipate tomorrow - we've been told that the redemption centers will enter those 3 codes no later than 10:15 in the morning – tomorrow - by 10:15 they get entered – and we will see if all 3 codes “take” – and the theory is – they should

We will have all 3 to be received and we should get that back solid screen rates - on the bank screens, on the redemption center screen, is what we're talking about. On redemption center screens, which will indicate a solid, tradable currency, exchangeable. That's exciting for us - that really is.

We also heard from another source that unless there's a false flag event tomorrow, which we don't anticipate, but that could go up the worst, but otherwise, if there's no false flag event, we're going to be in the midst of it tomorrow.

I think that means notifications, bondholders and us, and quite possibly the start of exchanges omorrow afternoon, evening. We could actually do both

Now we will have to see what happens, obviously, see what manifests but I think based on the information we've had in the last few days. And the fact that we're lined up and ready to go. I believe they're ready for this thing to go.

It's interesting that it would reveal on Juneteenth our Declaration of emancipation, proclamation, freedom for all – Freedon Day . and that's how we have to look at this tomorrow.

So we’ve had very decent rates showing up on the screens. We've had them trading up - lights flashing, you know, we've had certain people from Wells Fargo get the green light to go ahead, enter those codes. That was positive.

I really think now we're finally kind of coming down to the point where when those codes are entered in the morning, at 10:15am, could quite easily get solid rates and get emails from Wells Fargo. Where we can receive and set our appointments or tomorrow and beyond - That’s exciting – that’s exciting and that's what I believe we should be anticipating.

That's really what I most wanted to say -

That's what I wanted to bring to you tonight - One of our sources said if we don't have a false flag event tomorrow. We're going to be right smack dab in the midst of it. Everything is happening, bondholders - us, - intermediaries, everybody getting paid out. Okay, the latest thing I had was R, and R still coming this, this month,

I can't speak to the increase in social though - that has not been absolutely confirmed - so everybody have a great night and we'll talk to you Thursday, unless these numbers have manifested and we have them. Otherwise, everybody, have a great night and we'll see you on the other side.

Let's pray the call out,

Bruce’s Big Call Dinar Intel Tuesday Night 6-18-24REPLAY LINK Intel Begins 1:01:50

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHKgp

Bruce’s Big Call Dinar Intel Thursday Night 6-13-24 REPLAY LINK Intel Begins 1:09:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHK1x

Bruce’s Big Call Dinar Intel Tuesday Night 6-11-24REPLAY LINK Intel Begins 1:02:50

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHKS4

Bruce’s Big Call Dinar Intel Thursday Night 6-6-24REPLAY LINK Intel Begins 50:20

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHKjC

Bruce’s Big Call Dinar Intel Tuesday Night 6-4-24 REPLAY LINK Intel Begins 56:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHKab

Bruce’s Big Call Dinar Intel Thursday Night 5-30-24 REPLAY LINK Intel Begins 1:04:40

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHvs0

Bruce’s Big Call Dinar Intel Tuesday Night 5-28-24REPLAY LINK Intel Begins 1:08:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHvJi

Bruce’s Big Call Dinar Intel Thursday Night 5-16-24 REPLAY LINK Intel Begins 1:09:09

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHvym

Bruce’s Big Call Dinar Intel Tuesday Night 5-21-24REPLAY LINK Intel Begins 1:05:15

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHvFN

Bruce’s Big Call Dinar Intel Thursday Night 5-16-24 REPLAY LINK Intel Begins 1:13:23

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHvHz

Bruce’s Big Call Dinar Intel Tuesday Night 5-14-24 REPLAY LINK Intel Begins 1:10:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHJVp

Economics, News Dinar Recaps 20 6/19/24 Economics, News Dinar Recaps 20 6/19/24

Petrodollar Deal Expires; Why this Could Trigger ‘Collapse of Everything’ – Andy Schectman

Kitco News: 6-19-2024

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Andy Schectman, President and Owner of Miles Franklin Precious Metals, who breaks down reports of Saudi Arabia letting the 50-year long Petrodollar agreement with the U.S. expire and what this means for the future of the U.S. dollar as the global reserve currency.

Schectman believes that this marks the end of the era of fiat currency, as commodity backed money will return.

He also weighs in on the latest geopolitical developments, including the latest sanctions against China and Russia, continued weaponization of the U.S. dollar, the accelerating de-dollarization trend, BRICS Plus Foreign Ministers meeting, G7 meeting, BRICS new currency, and more.

Schectman points out how gold fits into the picture, laying out what a new world monetary order – or the Bretton Woods 3 – could look like.

Petrodollar Deal Expires; Why this Could Trigger ‘Collapse of Everything’ – Andy Schectman

Kitco News: 6-19-2024

Schectman believes that this marks the end of the era of fiat currency, as commodity backed money will return.

He also weighs in on the latest geopolitical developments, including the latest sanctions against China and Russia, continued weaponization of the U.S. dollar, the accelerating de-dollarization trend, BRICS Plus Foreign Ministers meeting, G7 meeting, BRICS new currency, and more.

Schectman points out how gold fits into the picture, laying out what a new world monetary order – or the Bretton Woods 3 – could look like.

https://www.youtube.com/watch?v=pjtKeewv7pY

Dinar Recaps 20 6/19/24 Dinar Recaps 20 6/19/24

KTFA:

Henig:

Interesting, IMO.

Vietnam transitions to a cashless society

Monday, June 17, 2024 | 19:47:30

(VOVWORLD) -Visa’s Consumer Payment Attitudes Study 2023 indicates a significant rise in cashless payments, especially mobile wallet transactions, among Vietnam’s merchants.

A remarkable 79% of food and dining establishments and 74% of retailers and convenience stores now accept cashless payments.

KTFA:

Henig: Interesting, IMO.

Vietnam transitions to a cashless society

Monday, June 17, 2024 | 19:47:30

(VOVWORLD) -Visa’s Consumer Payment Attitudes Study 2023 indicates a significant rise in cashless payments, especially mobile wallet transactions, among Vietnam’s merchants.

A remarkable 79% of food and dining establishments and 74% of retailers and convenience stores now accept cashless payments.

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Henig: Vietnam has golden opportunities to develop silver economy: expert

Source: Xinhua Editor: huaxia

2024-06-17 22:44:15

HANOI, June 17 (Xinhua) -- The aging population and unique characteristics of the elderly group in Vietnam pose many economic and social challenges, but there are also golden opportunities for the country to develop a silver economy, Vietnam News Agency reported Monday, citing Doan Van Binh, vice president of the Vietnam Real Estate Association.

He said the rise of the silver economy reflected a societal re-evaluation of the elderly, which no longer views them as an economic burden, but recognizes their contribution to society and their consumption potential.

Based on Vietnam's actual conditions and the experience of some countries, Vietnam should immediately begin researching, creating a vision, building policies and laws, and setting up specific strategies and action plans to activate and develop the silver economy, he said.

The older generation in Vietnam currently accounts for 8.3 percent of the total population, or 8.16 million, according to the country's Ministry of Labour, Invalids and Social Affairs.

It is forecast that the number will increase to 16.8 million by 2039 and 25.2 million by 2069. LINK

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Clare: IBBC Webinar: Drivers of the Iraqi Dinar Exchange Rate

19th June 2024 By John Lee.

On a webinar organised by theIraq Britain Business Council (IBBC)on Tuesday, Professor Frank Gunter ofLehigh Universityand Dr Ahmed Tabaqchali ofAFC Iraq Fund(andExpert Bloggeron Iraq Business News) discussed the drivers of the Iraqi dinar exchange rate.

The event marks the official launch of the IBBC's new white paper on de-dollarisation of Iraqi economy, which can bedownloaded here. LINK

To view this interesting discussion please see the video below:

https://youtu.be/400yZLln5AE

Clare: Integrity: The arrest of a government employee who seized 131 million dinars

6/19/2024

The Federal Integrity Commission reported that an operation was carried out during the arrest of an employee at a government bank in Maysan Governorate who seized an amount of 131 million dinars from one of the bank’s customers.

An integrity statement, a copy of which was received by {Al-Furat News}, stated that “the Commission’s Maysan Investigation Office formed a working team from its staff, explaining that the team that moved to the Agricultural Cooperative Bank / Maysan branch was able to execute the arrest warrant against one of the employees, because he was involved with other employees.” In the bank, they seized more than 131 million dinars from a customer’s account in the bank.

The office added that the process of withdrawing the amount from the customer’s current account at the bank took place without his knowledge, after forging his signatures and seizing his money deposited for the accused’s account, in conjunction with other employees.

He pointed out that the operation was carried out in accordance with the provisions of Article (316) of the Penal Code, noting that a proper arrest report was prepared for the operation, and that he was presented with the accused to the judge of the investigative court specialized in looking into integrity cases in Maysan. To issue the appropriate decision. LINK

Economics, News Dinar Recaps 20 6/19/24 Economics, News Dinar Recaps 20 6/19/24

BRICS Financial System Accelerates As Malaysia Plans To Join BRICS & De-Dollarize Asia

Sean Foo: 6-19-2024

In another shocking update, another Asian country wants to join BRICS. Malaysia, an ASEAN nation, wants to join the bloc.

The agenda is all about de-dollarizing their economy to make it more resilient against big moves in the reserve currency.

Here's why Malaysia's making this big leap and why the West must pay attention.

BRICS Financial System Accelerates As Malaysia Plans To Join BRICS & De-Dollarize Asia

Sean Foo: 6-19-2024

In another shocking update, another Asian country wants to join BRICS. Malaysia, an ASEAN nation, wants to join the bloc.

The agenda is all about de-dollarizing their economy to make it more resilient against big moves in the reserve currency.

Here's why Malaysia's making this big leap and why the West must pay attention.

Timestamps & Chapters:

0:00 Malaysia's Sudden Membership Bid

2:33 Breaking Away From The US Dollar

5:46 China Brings Economic Windfall

9:00 BRICS Financial System Accelerates

12:19 BRICS Is Winning Big

https://www.youtube.com/watch?v=QPnum1Qk-DI

China Ditch US Bonds: How it impact the Global Economy?

Fastepo: 6-19-2024

China has recently sold approximately $50 billion in US Treasury bonds, reducing its holdings to the lowest level in 14 years.

This move is part of China's strategy to decrease its dependence on US financial instruments amidst ongoing geopolitical tensions with the United States.

As of March 2024, China's holdings have dropped to $767 billion, down from $816 billion in December 2023.

China's actions reflect a broader trend of "dedollarization," where the country aims to reduce the dominance of the US dollar in international trade and finance.

This strategic shift has significant implications for global financial markets, particularly in the context of rising US interest rates and the increasing yield spreads between different types of US debt instruments.

https://www.youtube.com/watch?v=nk-RR-w5G8E

BRICS Makes Major De-Dollarization Announcement

Geopolitical Analyst: 6-19-2024

At a meeting Tuesday in Russia, BRICS announced that it is in the final stages of its de-dollarization mission.

According to BRICS representatives at the meeting, their new payment system was confirmed, and it will become a competitor for the current global reserve US dollar.

Economic ministers of leading BRICS member countries have announced that they are in the final stages of completing complete de-dollarization.

The bloc’s goal is for its multipolar international monetary system to mark the end of the US dollar as the sole global reserve currency.

A new payment system has been rumored and discussed for a significant time, but now the BRICS alliance has officially confirmed its development and first target: the US Dollar.

The BRICS economic alliance has sought to challenge the global economic status quo for the last two years. The bloc has sought increased resistance from the Western-dominated financial order. Those efforts have come in the form of increased de-dollarization practices and the promotion of the bloc’s own local currencies.

Furthermore, the BRICS alliance initiated this two-day meeting with 20 countries in attendance to discuss expansion and economic cooperation.

Foreign Ministers of countries belonging to the bloc are currently in the Russian city of Nizhny Novgorod.

Topics at hand included the upcoming expansion of the BRICS+, de-dollarization efforts, and building further economic and trade relations with one another.

Now, its work in developing its BRICS currency has also been discussed. BRICS aims to cut ties with the US dollar and use local currencies for all cross-border transactions among member nations.

The move is attracting other developing countries to join BRICS in 2024.

The idea of ditching the US Dollar for local currencies and a new global reserve has become more popular.

The alliance’s gold-backed currency concept and CBDCs are considered worthy alternatives.

https://www.youtube.com/watch?v=4IBJr5Liunw

Dinar Recaps 20 6/19/24 Dinar Recaps 20 6/19/24

Malaysian Currency Now On RV Path in BRICS Gold-Backed Alliance

On June 18, 2024 By Awake-In-3D

Prime Minister Declares Strategic Intention to Join BRICS Alliance which would lead to a significant RV of the Malaysian Ringgit (MYR).

In This Article

Malaysia’s Formal Bid to Join BRICS

The Anticipated Revaluation of the Malaysian Ringgit

BRICS Gold-Backed Trade Currency and Its Implications

Malaysia’s Strong Economic Contributions to BRICS

Malaysian Currency Now On RV Path in BRICS Gold-Backed Alliance

On June 18, 2024 By Awake-In-3D

Prime Minister Declares Strategic Intention to Join BRICS Alliance which would lead to a significant RV of the Malaysian Ringgit (MYR).

In This Article

Malaysia’s Formal Bid to Join BRICS
The Anticipated Revaluation of the Malaysian Ringgit
BRICS Gold-Backed Trade Currency and Its Implications
Malaysia’s Strong Economic Contributions to BRICS

Malaysia’s strategic decision to join the BRICS economic bloc has sparked significant discussions regarding the future of the Malaysian Ringgit (MYR).

Prime Minister Anwar Ibrahim’s announcement highlights Malaysia’s intent to align with BRICS, potentially leading to the revaluation (RV) of the Ringgit through the bloc’s gold-backed common trade currency which will be composed of 40% gold-backing.

Malaysia’s Formal Bid to Join BRICS

Prime Minister Anwar Ibrahim’s recent declaration signifies a pivotal moment for Malaysia’s economic and diplomatic strategy. In an interview with Chinese news outlet Guancha, aired ahead of Chinese Premier Li Qiang’s visit, Anwar confirmed Malaysia’s intention to join BRICS, marking a crucial step towards diversifying its strategic relationships.

“We have indicated, as a policy, that we are joining,” said Datuk Seri Anwar. “We have made a decision. We are placing the formal procedures soon.” This move aligns Malaysia with a group of nations collectively challenging the Western-dominated global order, potentially reshaping the economic landscape.

The Anticipated Revaluation of the Malaysian Ringgit

One of the most significant implications of Malaysia joining BRICS is the potential revaluation of the Malaysian Ringgit.

The BRICS bloc plans to implement a gold-backed common trade currency. Inclusion of the Ringgit in this currency basket could significantly enhance its purchasing power and exchange rate, especially against fiat currencies like the US Dollar.

The revaluation of the MYR would not only strengthen Malaysia’s financial stability but also boost its attractiveness for foreign investments. This economic shift is expected to elevate Malaysia’s status in the global market, offering new opportunities for growth and development.

BRICS Gold-Backed Trade Currency and Its Implications

The BRICS bloc’s move towards a gold-backed trade currency is a strategic effort to reduce dependency on the US Dollar and foster economic sovereignty among member nations. For Malaysia, participating in this initiative means aligning the Ringgit with a stable and valuable currency system, enhancing its global economic influence.

This new currency system aims to facilitate smoother and more secure trade among BRICS nations, providing a robust alternative to the existing fiat currency system.

The anticipated revaluation of the Ringgit under this gold-backed regime is poised to offer Malaysia greater economic leverage and improved terms of trade.

Malaysia’s Strong Economic Contributions to BRICS

Malaysia’s decision to join BRICS is underpinned by its strong economic indicators and potential contributions to the bloc.

In 2024, Malaysia’s GDP is estimated to reach $445 billion USD, with substantial exports in key sectors such as digital/electronic devices, electrical machinery, mineral fuels, and industrial machinery. These economic strengths position Malaysia as a valuable member of the BRICS alliance.

Malaysia’s top export destinations in 2023 included major economies such as Singapore, China, and the USA, highlighting its significant role in global trade.

The nation’s diverse export portfolio, comprising electrical machinery, mineral oils, and animal or vegetable fats, among others, showcases its capacity to contribute effectively to a diverse BRICS economic bloc.

Experts, such as Datuk Prof Dr. Mohd Faiz Abdullah of Malaysia’s Institute of Strategic and International Studies (ISIS), emphasize the importance of Malaysia’s participation in BRICS. “Building our ties with these key countries will make our economy more resilient,” he noted, underscoring the strategic benefits of Malaysia’s move.

The Bottom Line

Malaysia’s formal intention to join BRICS represents a strategic maneuver with far-reaching economic implications.

The potential revaluation of the Malaysian Ringgit, driven by the adoption of a BRICS gold-backed common trade currency, positions Malaysia for enhanced financial stability and global economic influence.

Coupled with Malaysia’s robust economic contributions, this move promises to solidify the nation’s standing within the BRICS alliance, fostering new opportunities for growth and collaboration in the evolving global landscape.

Contributing articles:

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Visit the GCR Real-Time News website and search 100’s of articles here:Ai3D.blog

Join my Telegram Channel to comment and ask questions here:GCR_RealTimeNews

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Dinar Recaps 20 6/19/24 Dinar Recaps 20 6/19/24

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ Update- Some highlights by PDK-Not verbatim

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

Coffee with MarkZ. and Andy Schectman. 06/19/2024

Member: Happy Juneteenth to all!

Member: Did you all know today is International Sauntering Day?

Member: Stock market closed today for Juneteenth

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ Update- Some highlights by PDK-Not verbatim

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

Coffee with MarkZ. and Andy Schectman. 06/19/2024

Member: Happy Juneteenth to all!

Member: Did you all know today is International Sauntering Day?

Member: Stock market closed today for Juneteenth

Member: Good morning Mark Z …counting my foreign currency ….. ready to go to the bank! How say you?!

MZ: Not much news overnight…but I do not take that as a bad thing. I am saving Iraq news for when MilitiaMa joins us …Its not time sensitive but a lovely deep dive into rate possibilities. I am looking forward to him sharing it in greater detail.

MZ: Just spoke with Militiaman he is working on a video….If he gets it done he may join us tonight….if not he is scheduled to join us tomorrow morning. There are interesting things happening in Iraq. Things are definitely pointing to something sooner rather than later.

MZ: Bond news continues to be confused. I don’t have a confirmed bond payout yet of an individual bond holder. There are lots of rumors from other countries which to me makes no sense. It makes sense that they should go at the same time…not randomly like in Columbia or Zurich before they release in Reno ect….

Member: This can only go so much longer. Bond people can only be held off for so long, until it can’t anymore. Which is right around the corner. How much more news can there be? That’s the question

Member: Charlie Ward has said it over and over again that the collapse has to happen first

Member: Phil G. Had a very interesting podcast last night. Something BIG happening soon. BOOM!

Member: Phil said a BOOM in July, don't know what the BOOM is but there it is.

MZ: “ Brazil ‘s massive tax changes set to roil already struggling consumers” They are looking at a 27.5% VAT (Value added tax} in Brazil. They say it’s going to replace other taxes. They say it will be more efficient. But this will be difficult for the overwhelming masses in Brazil .

Member: Q: the 15 days have passed so the budget-so is it legally in force? Thanks!

MZ: unfortunately nothing is in the gazette yet today.

Member: Tomorrow is summer solstice, from dark to light.

Member: We keep this loop-thing going. We get excited, then we are disappointed. It's frustrating at best.

Member: Don’t like the rollercoaster ? Don’t get on. It is a choice

Member: We just need to take a breath and know it’s going to happen. As Mark says, we don’t know when it’s going to happen.

Member: Today is the present, yesterday is the past and tomorrow is not promised but we have to keep moving forward to make it a better place!

Member: Thanks Mark and Andy…..everyone have a great day today.. Maybe some good RV news tonight???

Andy Schectman from Miles Franklin joins the stream today. Please listen to replay for his information and opinions.

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

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/

MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

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

Twitch: https://www.twitch.tv/theoriginalmarkz

Youtube: https://www.youtube.com/watch?v=gomS1ANJ4LE

Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 6/19/24 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 6/19/24

Goldilocks' Comments and Global Economic News Wednesday AM 6-19-24

Good Morning Dinar Recaps,

Putin visits Vietnam. Why? “The main issues relate to shoring up economic and commercial ties, including arms sales.”

Putin and Vietnam's leaders were said to have been working on an agreement regarding ruble-dong currency transactions through the banking system. This meeting is expected to enable payment for goods and services.

Currently, Vietnam is expanding the value of its currency through the expansion of its elderly population through healthcare, commercial trade, and military arms expansion.

Proper military spending over GDP stabilizes and promotes currency values of a country. Why? Money spent on the military ends up in the private sector as payment for goods and services the military requires.

Goldilocks' Comments and Global Economic News Wednesday AM 6-19-24

Good Morning Dinar Recaps,

Putin visits Vietnam. Why? “The main issues relate to shoring up economic and commercial ties, including arms sales.”

Currently, Vietnam is expanding the value of its currency through the expansion of its elderly population through healthcare, commercial trade, and military arms expansion.

Each of these are indicators of a growing economy that justifies a higher value through demand on their currency inside a Market Economy. Vision Times Education CFR Nature

Nervous about the market? Here’s one thing you could do if shares start sinking fast

Jack Janasiewicz: The bottom line … is that there’s a disinflationary impulse coming. I think [Fed Chair Jerome] Powell was right to sort of look at [hotter-than-expected]January, February, March inflation data as maybe a little bit of an anomaly or a pause but not a reversal of that trend that’s going to continue to head to that 2% target.

So, again, heading in the right direction, it may be slower than people would like. But we’re going to 2%.

And then the other thing I would point to as well — the labor side of their mandate is becoming a little more focused. [The Fed] is one of the only central banks that has the dual mandate with price stability and full employment. It feels like the price stability side is coming into better focus.

As the economy slows a little bit here, and you start to see the unemployment rate tick a little bit higher … the Fed [could start] to focus on making sure that the unemployment rate doesn’t start to rise.

That could be the trigger for rate cuts. So we’re not ruling out rate cuts by September. We could easily have a cut. The data will tell us that, but I think the big takeaway for us is [inflation] going in the right direction. CNN

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Liquidity risk surged 41.4% at LCH’s Paris-based clearing house in the first quarter, reaching a level not seen in almost five years. |Risk Net

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OPEC sees no peak oil demand long term, secretary general says |Gulf Business

~~~~~~~~~

The 2024 U.S. Presidential race sees cryptocurrency policy as a key issue, with both parties engaging in debates.

Paul Ryan urges lawmakers to create a regulatory framework for stablecoins to boost U.S. debt attractiveness.

Ryan highlights China's digital currency advances, stressing the need for U.S. adoption of dollar-backed stablecoins. Read Write

~~~~~~~~~

Guaranteed basic income programs spread across the country: Is it coming to your city? |Fox News

~~~~~~~~~

Bank-to-bank payment messaging network Swift is working to facilitate interoperability of Verifcation of Payee schemes across Europe as new research shows that 83% of SMEs across France, Germany, Italy and Spain rank upfront beneficiary checks as important to them in trading across borders.

Swift bids to connect VoP schemes across Europe FinExtra

~~~~~~~~~

Polls will be posted in theGoldilocks' Q & A ClassroomLink

~~~~~~~~~

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Thank youDinar Recaps

News DINARRECAPS8 6/19/24 News DINARRECAPS8 6/19/24

Iraq News Highlights and Points To Ponder Wednesday AM 6-19-24

International Finance: Economic Reform In Iraq Is Witnessing An Increasing Pace And We Have Invested About Two Billion Dollars

Money and business Economy News _ Baghdad The representative of the International Finance Corporation in Iraq, Bilal Zaghir, confirmed today, Tuesday, that the institution’s investment in Iraq has reached nearly two billion dollars since 2005, while indicating that economic reform is witnessing an increasing pace.

Zaghir said in an interview with the Iraqi News Agency, followed by “Al-Iqtisad News,” that “the work of the International Finance Corporation dates back to the year 2005, and over the years we have been able to invest nearly two billion dollars in a wide range of sectors,” indicating that “our work in Iraq will extend out of our belief in future prospects.”

"For Iraq, the pace of economic reform will accelerate, and this will reflect positively in creating other investment opportunities in all sectors, whether industrial, infrastructure, or in the financial and banking sector."

Iraq News Highlights and Points To Ponder Wednesday AM 6-19-24

International Finance: Economic Reform In Iraq Is Witnessing An Increasing Pace And We Have Invested About Two Billion Dollars

He added, “The International Finance Corporation is the arm of the World Bank that is concerned with developing the private sector by providing the necessary financing for private sector projects in addition to providing advisory services.

Therefore, the framework of the institution’s work expands to include a wide range of financial services to all companies operating in Iraq in addition to providing consulting services".

Zaghir continued, “The IFC’s thinking relates to a group of sectors whose importance we believe and whose importance we share with the Iraqi government, whether investing in the Iraqi industrial sectors, where they are productive and an alternative to imports, and the second part relates to the financial sector, both its banking and non-banking parts, in addition to the importance of investing in infrastructure and improving the services provided.

” For Iraqis throughout the country,” pointing out that “the main point is our work and encouraging the private sector and working with it.” Views 172 06/18/2024 - https://economy-news.net/content.php?id=44398

Al-Sudani: Iraq Is On The Right Path

Political | 07:21 - 06/18/2024 Al-Sudani: Iraq is on the right path 161862024_IMG_9871

Baghdad - Mawazine News Today, Tuesday, Prime Minister Muhammad Shiaa Al-Sudani affirmed the government’s support for all arts, while indicating that Iraq is on the right path.

This came during Al-Sudani’s reception this afternoon with a group of Iraqi plastic artists and sculptors on the occasion of Eid Al-Adha, according to a statement received by Mawazine News Agency.

Al-Sudani offered congratulations to those present on the occasion of the blessed Eid, stressing that art has historically flourished in Iraq since ancient civilizations, and the cultural connection of plastic art has not been cut off in subsequent eras, which was embodied in the important drawings left by the Iraqi artist.

He explained that Iraqi plastic art is an Arab pioneer, and this size and artistic cultural weight makes the task of plastic artists and sculptors double. Because they are the heirs of all the creators of civilizations in this land, pointing to the necessity of establishing a museum for Iraqi plastic art in Baghdad.

He also stressed that Iraq went through stages in which the treasures of contemporary Iraqi art were looted, and we have worked to restore many of them.

He pointed to the government’s interest in culture and arts in general, and allocated for the first time more than 13 billion for various types of arts, stressing the importance of holding conferences and cultural activities, due to the cultural sector’s need for them and in order to introduce the reality of Iraq, and the government will take care of them, and His Excellency stated that, at the request of the university president Arabic: The Iraqi pavilion at the Arab League was awarded 15 paintings by Iraqi artists.

The Prime Minister explained, “Iraq is on the right path at all levels, and the national service government has a clear image based on a thoughtful government program that represents an essential step for building confidence between the political system and the people.”

Al-Sudani confirmed, during the meeting, his approval of a set of proposals presented by the delegation of plastic artists. And artists, concerned with the interest in fine art, and its support by ministries and government institutions, and promised to form a committee to follow up on the requirements of the proposals and work to implement them. https://www.mawazin.net/Details.aspx?jimare=249907

The Sudanese Advisor Reassures: Iraq Is Safe From Any Financial Risks

Economy | 07:23 - 06/17/2024 Baghdad - Mawazine News Advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Monday, that Iraq ranked distinguished among international groups that follow the best banking compliance systems, which makes it safe from any international financial risks, noting that the international community also praised the solidity of the financial and banking system.

Saleh said, “Cash issuance mechanisms are one of the exclusive powers of the Central Bank of Iraq as it is the issuing bank based on its Law No. 56 of 2004,” indicating that “what is published here and there about problems in cash liquidity is far from the solid institutional basis of the monetary authority in Iraq, which It is considered one of the most important authorities concerned with the issues of the availability of cash liquidity and the stability of the payments system, which contributes to the sustainability of the stability of transactions in the national economy.”

He added, "Managing cash liquidity, building the monetary foundation, and controlling liquidity levels in the country are subject to the principle of a long-term plan that is consistent with achieving the operational objectives of monetary policy in order to achieve the intermediate goals of stability and sustainable economic growth and determine the stability of long-term cash flows."

He stated that "Iraq occupies a distinguished rank among the international financial groups that follow the best international banking compliance systems, which makes our country safe from any international financial risks," pointing out that "Iraq is a cornerstone of regional and international financial cooperation institutions in the scope of combating money laundering and money laundering crimes." Crime and terrorism."

He stated that "Iraq recently received clear, positive praise for its strong anti-money laundering policies at the Financial Action Organization conference for the Middle East and North Africa region, which was held in the Kingdom of Bahrain, and it is a testimony from the international financial community that confirms the solidity of the financial and banking system in Iraq with the principles of compliance and the integrity of financial and banking operations." https://www.mawazin.net/Details.aspx?jimare=249866

Accumulated Since 2011.. Basra Sends An Invitation To Baghdad Regarding 45 Trillion Dinars It Owes

Baghdad today – Basra Today, Tuesday (June 18, 2024), the head of the Services Committee in the Basra Governorate Council, Imad Al-Mutawri, revealed that there are large sums of money owed by the federal government to Basra Governorate, indicating that for 13 years after 2011, the Ministry of Finance was late in disbursing the full allocations to the governorate.

Al-Mutawri told “Baghdad Today” that “Basra has ambitious service plans, and although the funds allocated to it in the 2024 budget do not match the size of the need to implement important and large projects, the governorate is asking Baghdad for an amount amounting to 45 trillion, which has been owed by the government since 2011.”

He added, "The Ministry of Finance must spend these amounts for the purpose of completing ongoing projects or implementing new projects for the current year."

It is noteworthy that the House of Representatives voted to allocate an amount exceeding 850 billion dinars to Basra Governorate in the 2024 budget, which led to a series of local and federal objections to these allocations.

It is worth noting that the Iraqi Parliament voted on Monday (June 3, 2024) on the schedules of the Federal General Budget Law No. 2024.

A statement by the Council's Media Department, received by "Baghdad Today", stated that "the House of Representatives voted on the schedules of the Federal General Budget Law No. 2024 amended 13 for the year and its annexes, Schedules (A/B/C/D/E and F)." LINK

Provoking Thoughts and Points To Ponder On Adversity:

Woman's discontent increases in exact proportion to her development. -Elizabeth Cady Stanton

Restlessness is discontent, and discontent is the first necessity of progress. -Thomas A. Edison

Noble discontent is the path to heaven. -Thomas W. Higginson

No pain, no palm; no thorns, no throne; no gall, no glory; no cross, no crown. -William Penn

Times of stress and difficulty are seasons of opportunity when the seeds of progress are sown. -Thomas F. Woodlock

The gem cannot be polished without friction, nor man perfected without trials. -Confucius

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

http://famousquotesandauthors.com/quotes_by_topic.html

Chats and Rumors, Economics Dinar Recaps 20 6/19/24 Chats and Rumors, Economics Dinar Recaps 20 6/19/24

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts Restored Republic via a GCR: Update as of 19 June 2024

CompiledWed. 19 June2024 12:01 am ESTby Judy Byington

Payout for Tier Groups involved in the RV: (Rumors/Opinions)

The Dubai Accounts Funds the RV: Dubai 1 funds Tiers 1&2 of the RV and Dubai 2 funds Tiers 3&4 of the RV, while Dubai 3 funds the Adjudicated Accounts and GESARA.

The payout of the Bonds and Currencyis done in order of the different tiers. There are five Tiers that will be exchanging: Tiers 1, 2, 3, 4 &5.

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts Restored Republic via a GCR: Update as of 19 June 2024

CompiledWed. 19 June2024 12:01 am ESTby Judy Byington

Payout for Tier Groups involved in the RV: (Rumors/Opinions)

The Dubai Accounts Funds the RV: Dubai 1 funds Tiers 1&2 of the RV and Dubai 2 funds Tiers 3&4 of the RV, while Dubai 3 funds the Adjudicated Accounts and GESARA.

The payout of the Bonds and Currencyis done in order of the different tiers. There are five Tiers that will be exchanging: Tiers 1, 2, 3, 4 &5.

Liquidity Release is done in a certain order. The Elders, German Bonds and select Yellow Dragon Bonds must be paid first and have been.
A. Dubai 1released for liquidity which then triggers Dubai 2&3.
B. F&P’s(Fines and penalties) are released to recipients (they need D1 liquid, this is their hold up)
C. Bondswill be liquid (they need D1 to be liquid)
1-4bare notified. (they need D1 to be liquid)

It appearsall is set to go on or about the same time!

Tier 1Sovereign Nation Debt of Governments: Chinese Royals, Bond Holders, Paymasters, Church Groups, CMKX, F&P, Adjudicated Settlements, Ranch and Farm Claims and other groups.

Tier 2Royals, Elders, Whales, Military Generals and some political type Elites with platforms of currency, corporations, etc.

Tier 3Admirals Group, American Indians, CMKX, large church groups like the Church of Jesus Christ of Latter-day Saints. The Pentecostal group was now 100% under an NDA. Tier 3 was all Dubai 2 Trust Money and originally was the Generals and public. Now Tier 3 includes groups with projects including the Admiral.

The Admiralwas sent to the back of the line and renamed Tier 4A (really just a pie slice of tier 3). The Admiral’s Group was composed of three parts – most notable of which was Tier4a Core groups and 130 VIP groups.

Tier 4B, (us, the Internet Group)is the largest group and composed of the general public who paid attention to the Intel – the people who have bought currency and/or bonds and kept up with the reset by way of information on the Internet.

Tier 5The general public who never paid attention to the Intel.

The official GO for Tier 4bhas not been released yet. It can happen any moment.

As all Tier1-4b are funded, we await the final release to reach to our level. It’s a process. It’s tedious and time consuming – making adjustments as needed along the way for accuracy and safety of all involved. It’s a very quiet & discrete operation, where the general public is left uninformed for obvious reasons. Pay attention to the levels that are ahead of us. That will help give a better understanding of where we are, in relation to it reaching the 4b level. BUT, it is unfolding. And when it reaches our levels, there will be no doubts. It’s coming! Keep the faith.

~~~~~~~~~~

Global Financial Crisis:

As of June 9, 2024 the Petro Dollar ended,meaning that the decades-long agreement between The Kingdom of Saudi Arabia and the USA to sell Saudi Oil exclusively using US dollars has ended… It’s kaput!

Old fiat Federal Reserve US Dollar vs New gold/asset-backed US Note:The monetary system we rely on today is a construct designed by central bankers to benefit themselves and control the masses. The Federal Reserve Note, commonly known as the US dollar, was created to keep people in financial bondage. But now, we have a unique opportunity to break free from this system. The flaws and corruption of the old system are becoming clear, and we have the chance to move toward a new reality. This new form of money is transparent, asset-backed, and owned by the people. It’s designed to preserve wealth, gain value over time, and serve as a reliable store of value, unit of measure, and medium of exchange. Stay hopeful. The old system is collapsing, and we are on the brink of a new system that is designed for a ‘Level Playing Field’.

Malaysian Currency Now On RV Path in BRICSGold-Backed Alliance. Prime Minister Declares Strategic Intention to Join BRICS Alliance which leading to a significant RV of the Malaysian Ringgit (MYR).https://ai3d.blog/malaysian-currency-now-on-rv-path-in-brics-gold-backed-alliance/

Gold Standard Restoration Act:

This bill requires the Department of the Treasury to define the Federal Reserve notedollar in terms of a fixed weight of gold, based on that day’s closing market price of gold. Federal Reserve Banks must exchange Federal Reserve notes with gold at this price and create processes to facilitate exchanges between banks and the public. If a Federal Reserve Bank does not do this, Treasury must make any exchange and place a corresponding lien on the assets of that bank.

In addition, Treasury and the Board of Governors of the Federal Reservemust report on U.S. gold holdings.

If you have doubts about what is coming,consider this: many countries are buying gold at record rates. Some are even reevaluating their currencies by backing them with gold and moving away from the US dollar. Blockchain technology is now minting real-world assets like gold, providing a more transparent way to validate information. We must remember that gold and silver have always been considered “God’s money,” a cornerstone of financial stability.

Historically, efforts to return to a gold and silver monetary standard have failedbecause technology was suppressed, and a few maintained control over the financial ledger. However, for the first time in human history, we can leverage AI and advanced technology to secure our financial future. This is a pivotal moment, ensuring greater transparency and trust in our monetary systems.

Read full post here: https://dinarchronicles.com/2024/06/19/restored-republic-via-a-gcr-update-as-of-june-19-2024/

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

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

Mnt Goat ..the “icing on the cake” for today’s news...It’s about the huge ATM installation and testing going on in Iraq. Why is this so important? We were told by the CBI not too long ago the significance of that the ATMs role will play in the Project to Delete the Zeros...its all interconnected...To get petty cash they will need the ATM machines. At this time the petty cash will be set to the newer lower denominations post delete the zeros.

Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television showing Saleh and other leaders of the financial services saying soon the parallel market will be gone...The only way we see this [happening] is that they give us our dinar and give us a real rate for that dinar, then that would make the parallel rate go away in what we think. FRANK: Iraqi citizens know what is happening. They know the next step.

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

LIVE! THIS IS THE ENDGAME... BE READY FOR WORLD-WIDE PANDEMONIUM. Are You Ready?

Greg Mannarino: 6-18-2024

https://www.youtube.com/watch?v=4nIp9dgPIdM

Major US Banks Have Started Dumping Everything!

Atlantis Report: 6-18-2024

The financial situation in the United States is experiencing a significant change as major banks are selling off assets at an unprecedented rate. This move is caused by the imminent commercial real estate crisis, bad loans, and high interest rates.

This situation is not just a financial maneuver but a response to deep-seated issues affecting the stability of the banking sector.

As banks hurry to get rid of assets, the consequences are widespread, affecting everything from the availability of credit to confidence in the financial system itself.

https://www.youtube.com/watch?v=WERFY50cJt4

Economics, News Dinar Recaps 20 6/19/24 Economics, News Dinar Recaps 20 6/19/24

TNT:

CandyKisses: Iraq talks again about electrical interconnection with Saudi Arabia

Baghdad - Iraq Today: Prime Minister Mohammed Shia Al-Sudani discussed with the Minister of Trade in the Kingdom of Saudi Arabia Majid Al-Qasabi and his accompanying delegation several files, including the completion of the electrical interconnection between the two countries.

A government statement said that it "received Prime Minister Mohamed Shia Al-Sudani, Minister of Trade in Saudi Arabia Majid Al-Qasabi and his accompanying delegation."

During the meeting, according to the statement, they "discussed bilateral relations between the two countries, ways to enhance joint cooperation, and stressed the importance of concerted efforts to reduce tension and crises facing the region, and the need to continue joint efforts to stop the war on Gaza as soon as possible, and open humanitarian corridors for the delivery of humanitarian and relief aid."

TNT:

CandyKisses: Iraq talks again about electrical interconnection with Saudi Arabia

Baghdad - Iraq Today:

Prime Minister Mohammed Shia Al-Sudani discussed with the Minister of Trade in the Kingdom of Saudi Arabia Majid Al-Qasabi and his accompanying delegation several files, including the completion of the electrical interconnection between the two countries.

A government statement said that it "received Prime Minister Mohamed Shia Al-Sudani, Minister of Trade in Saudi Arabia Majid Al-Qasabi and his accompanying delegation."

He added, "The meeting witnessed a discussion of coordination procedures between Iraq and Saudi Arabia to hold the sixth session of the Iraqi-Saudi Coordination Council, and follow-up the implementation of the outputs of the previous session in accordance with the competence of each subcommittee, including the political, security and military committee during the coming period, and determine the date of its convening in coordination between the ministries of foreign affairs of the two countries, as well as discuss the completion of electrical interconnection according to the memorandum of understanding signed between the two countries, and follow up the executive minutes of the principles of electrical interconnection through the relevant technical committee. "

Al-Sudani praised "the efforts of the Kingdom of Saudi Arabia for the success of the Hajj ceremonies, and praised the level of services provided to Iraqi pilgrims," and stressed "the importance of reviewing Iraq's share next year, based on the population percentage approved in United Nations statistics."

For his part, Al-Qasabi conveyed "the greetings of Saudi King Salman bin Abdulaziz Al Saud and Saudi Crown Prince Mohammed bin Salman Al Saud to the Prime Minister," stressing "his government's aspiration to expand the horizons of constructive cooperation, in various fields, in a way that contributes to strengthening relations between Baghdad and Riyadh, and achieving the interests of the peoples of the two countries."

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CandyKisses: The government announces monitoring. 13 billion dinars to support culture and arts

Baghdad - Iraq Today:

Prime Minister Mohamed Shia al-Sudani confirmed that his government has allocated more than 13 billion dinars to support culture and arts.

The Prime Minister's Media Office said in a statement that "Al-Sudani received a group of Iraqi plastic artists and sculptors on the occasion of Eid al-Adha."

Al-Sudani pointed out that "art has flourished historically in Iraq since ancient civilizations, and the cultural connection of plastic art has not been interrupted in subsequent eras, which is embodied in the important drawings left by the Iraqi artist," noting that "Iraqi plastic art is a pioneer in the Arab world, and this size and weight of artistic civilization makes the task of plastic artists and sculptors doubled, because they are the heirs of all civilizations makers in this land."

"The importance of establishing a museum of Iraqi plastic art in Baghdad," he said, noting that "Iraq has gone through stages in which the treasures of contemporary Iraqi art were looted, and we have worked to restore many of them."

He pointed out that "the government allocated 13 billion for various types of arts," stressing "the importance of holding conferences and cultural activities, because of the need of the cultural sector and in order to introduce the reality of Iraq, and the government will take care of them."

"At the request of the president of the Arab League, the Iraqi pavilion in the Arab League was awarded 15 paintings by Iraqi artists," he said

The Prime Minister explained that "Iraq is on the right track at all levels, and the national service government has a clear picture based on a well-thought-out government program that represents an essential step to build trust between the political system and the people," stressing his approval of "a set of proposals submitted by the delegation of plastic artists and artists, regarding interest in plastic art, and its support by ministries and government institutions, and promised to form a committee to follow up on the requirements of the proposals and work to implement them."

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Tishwash: Behind the scenes of an exciting session of merchants and restaurant owners who “invested” in the exchange rate difference in Iraq

A lengthy report by the American newspaper “The National” reviewed the scenes of investing in the exchange rate difference in Iraq, where businessmen, merchants, and restaurant owners benefited by operating their money in this trade, by withdrawing the dollar from the central bank and selling it on the black market, which achieved huge and rapid profits in this way, However, the recent actions of the Central Bank caused problems between these partners due to losses.

The report, translated by “Baghdad Today,” says, “Despite recent efforts for reforms, challenges remain, and well-connected businessmen are still exploiting loopholes in the foreign currency sales window managed by the Central Bank of Iraq to make obscene amounts of money.” From the margin between the official exchange rate and the black market rate.

The National spoke to dozens of businessmen who said the strict measures had helped simplify the import process and forced many to formalize their transactions, but they said there was still room for manipulation.

One of the businessmen said: “There are still ways to circumvent the procedures,” adding that“falsifying invoices and arrangements at border crossings and manipulating the prices of goods by setting inflated prices by exporters are among the common methods.”

In a room decorated with intricate tapestries and ornate tapestries, The National attended a tense meeting of businessmen, their faces etched with a mixture of frustration and resignation.

They have banded together to resolve a months-long financial crisis that has escalated beyond the bounds of legality, plunging them into the murky waters of clan diplomacy.

By accessing a government-run platform offering US dollars at the official rate, a businessman lured other traders with a deal promising them huge profits from the spread between official and black market rates, sources involved told The National.

With hundreds of millions of Iraqi dinars in circulation, traders received unexpected cash gains. But as the days and months passed, the businessman found himself unable to pay his debts, leaving the merchants in a precarious situation.

No official complaint was filed against him, and the businessman did not face any trial.

“It is clear that we have reached an impasse,” a representative of the businessman who lives in a neighboring country told the audience, who exchanged wary glances. "We can't continue down this path. It's time to cut our losses."

His proposal hung in the air, and was met with hesitant votes of approval.

Giving up half of the two billion Iraqi dinars was a bitter pill to swallow, but it seemed the only viable option in the face of mounting losses and uncertainty.

The owner of a famous restaurant chain in Baghdad told The National newspaper after the meeting: “We say that whoever loses half his money is not a loser.”

“At least I have half my capital in my hands – better than nothing,” he said.

“There is no business that allows you to hit the jackpot like taking advantage of the exchange rate margin in a short period of time, which is why we invested heavily with him.

He added: "Over the past months, he has been paying us on time, but it seems that he has been having problems recently." link

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Mot .... Finally

Mot.... Dang ! -- Beeeeee Careful out dare!!!