Economist’s “News and Views” Sunday 5-12-2024
NOT GOOD: Europe’s JUNE CUT Signals Major Economic Danger For The US
Sean Foo: 5-11-2024
The ECB has signalled they are cutting rates in June, but this isn't good news. It's admission that Europe's economy is weak and it's time to goose up the system again.
This is bad news for the Fed because rate cuts might not even come in 2024.
Staying higher for longer is pushing the US over the cliff and by the time the cuts come in, it might already be too late. Here's what you must know!
NOT GOOD: Europe’s JUNE CUT Signals Major Economic Danger For The US
Sean Foo: 5-11-2024
The ECB has signalled they are cutting rates in June, but this isn't good news. It's admission that Europe's economy is weak and it's time to goose up the system again.
This is bad news for the Fed because rate cuts might not even come in 2024.
Staying higher for longer is pushing the US over the cliff and by the time the cuts come in, it might already be too late. Here's what you must know!
Timestamps & Chapters:
0:00 ECB's Deadly June Cut
3:14 US Economy "A House Of Cards"
5:39 Cuts Signals Recession RISK
8:10 US Consumer Sentiment Collapse
10:52 The Fed Is Trapped
MARKETS A LOOK AHEAD: Is $20,000 GOLD Possible? Let's Talk About It...
Greg Mannarino: 5-12-2024
CHINESE Yuan Knocked Down EURO: Who is next?
Fastepo: 5-12-2024
As of April 2024, the Chinese yuan continues to hold its position as the world's second-most used currency in SWIFT trade settlements surpassing Euro, maintaining a significant share of 5.8% of international payments since September 2023.
This status underscores China's growing economic influence and its strategic moves to internationalize its currency, aligning with its broader geopolitical and economic goals, including engagements within the BRICS bloc.
The rise in the yuan's usage in global finance is attributed to several factors, including China's extensive trade networks and increased acceptance of the yuan in trade finance, particularly in regions experiencing economic volatility.
The yuan's role as a trade and reserve currency has been strategically bolstered through bilateral agreements and the establishment of currency swap lines with various central banks worldwide.
Overall, the yuan's ascent in the rankings of global currencies is a reflection of China's advancing economic stature and the international community's increasing confidence in engaging with its currency for global trade and finance transactions.
In this video, we'll delve into the current dynamics of two major currencies: the Chinese Yuan and the Euro.
We'll explore the strategic initiatives that China and the European Union are implementing to shape the future of their currencies.
Additionally, we'll discuss how China's involvement in the BRICS alliance has bolstered its position in the global trade arena.
And finally, in the video, we will compare digital currency developments in China with those in the European Union, examining how each is advancing their digital currency initiatives.
More News, Rumors and Opinions Sunday Afternoon 5-12-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 12 May 2024 Compiled Sun. 12 May 2024 12:01 am EST by Judy Byington
Apparent Timing of Operation Storm and the Global Currency Reset: (RUMORS)
Wed. 1 May: The Global Currency Reset of 209 countries (Allegedly) began.
Fri. 3 May: Iraq (Allegedly) celebrated their financial inclusion in the Global Financial System. Columbia, Brazil, Chile Paymasters began RV-ing.
Sat. 4 May: Foreign Currency Exchange Regulations were (Allegedly) completed.
Mon. 6 May: Wells Fargo(Allegedly) gave the Green Light for the Global Currency Reset.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 12 May 2024
Compiled Sun. 12 May 2024 12:01 am EST by Judy Byington
Apparent Timing of Operation Storm and the Global Currency Reset: (RUMORS)
Wed. 1 May: The Global Currency Reset of 209 countries (Allegedly) began.
Fri. 3 May: Iraq (Allegedly) celebrated their financial inclusion in the Global Financial System. Columbia, Brazil, Chile Paymasters began RV-ing.
Sat. 4 May: Foreign Currency Exchange Regulations were (Allegedly) completed.
Mon. 6 May: Wells Fargo(Allegedly) gave the Green Light for the Global Currency Reset.
Sat. 11 May: Multiple sources including the US Treasury said that Tier4b (us, the Internet Group will (Allegedly) begin currency exchanges and Zim Bond redemption.
On Tues. 28 May 2024 US (banks?) will be (Allegedly) transitioning it’s T+2 Equity Cycle to T+1 which will have a significant impact on operating financial models across the World. Moving to a 1 day settlement will impact markets not just in the US but globally as well where the velocity of money will double in speed.
Global Currency Reset:
Judy Note: No information has been received about Tier4b (us, the Internet Group) start of the Global Reset exchange and redemption appointments. The last we heard was that everyone was prepared to have them begin this weekend.
Fri. 10 May 2024: Zimbabwe’s Economic Renaissance: Pioneering the Gold Rush with BRICS Alliance and Gold-backed Currency – American Media Group (amg-news.com)
Read full post here: https://dinarchronicles.com/2024/05/12/restored-republic-via-a-gcr-update-as-of-may-12-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 This [new green 1000 fil note] is not a "lower note"...it falls under the category of fils. What does that mean? ...It takes 1,000 fils to make 1 dinar. What does that mean? It means the monetary reform is successful. It's brilliant! ...it is cheaper to print paper than it is to mint coins...They are not minting coins right now...these are called fils but they're in paper form...
Mnt Goat In Mawazine News – Baghdad an article tells us that the Central Bank Governor Al-Alaq, on Thursday, announced the progress of a plan supported by the GOI to change the map of the banking sector and its reality in Iraq. WOW! This could be really BIG! Let’s see how this shakes out.
Peter Schiff and Steve Hanke Debate Inflation, Debt Crisis, Dedollarisation
David Lin: 5-12-2024
Steve Hanke, Professor of Applied Economics at Johns Hopkins University, joins Peter Schiff, Chief Market Strategist of Euro Pacific Asset Management, to debate their inflation outlook, causes of inflation, future of monetary policy, economic growth outlook, and interest rates.
0:00 - Intro
1:47 - Inflation outlook
18:35 - Fed monetary policy
29:00 - Causes of inflation
36:40 - Economic growth outlook
52:50 - Investment implications
55:10 - Dedollorization
56:55 - Bond yields outlook
59:50 - Bitcoin
1:00:56 - Peter Schiff
1:02:06 - Steve Hanke
Iraqi News Highlights and Points to Ponder Sunday Afternoon 5-12-24
Iraqi News Highlights and Points to Ponder Sunday Afternoon 5-12-24
Deputy: Iraq Represents An Important Factor In The Stability Of The Global Oil Market
Economy | 05:40 - 05/11/2024 Mawazine News – Baghdad MP Nour Nafie Al-Jalaihawi confirmed, on Saturday, that Iraq represents an important factor in the stability of international markets in the oil and energy file.
Al-Julaihawi said, in an interview followed by Mawazine News, that “developing Iraq’s oil and gas fields is an important strategy in order to strengthen the country’s economy, diversify its revenues, and seek to raise the efficiency of its production capacity in a way that contributes to increasing exports.”
She added, "The Prime Minister's launch of the fifth supplementary licensing round and the sixth round, which will include 29 projects in fields and exploratory patches, whether oil or gas, spread across 12 governorates, is a step in the right direction that will lead to achieving three positives at the same time: increasing its ability to pump oil and produce gas and reducing the bill."
Iraqi News Highlights and Points to Ponder Sunday Afternoon 5-12-24
Deputy: Iraq Represents An Important Factor In The Stability Of The Global Oil Market
Economy | 05:40 - 05/11/2024 Mawazine News – Baghdad MP Nour Nafie Al-Jalaihawi confirmed, on Saturday, that Iraq represents an important factor in the stability of international markets in the oil and energy file.
Al-Julaihawi said, in an interview followed by Mawazine News, that “developing Iraq’s oil and gas fields is an important strategy in order to strengthen the country’s economy, diversify its revenues, and seek to raise the efficiency of its production capacity in a way that contributes to increasing exports.”
She added, "The Prime Minister's launch of the fifth supplementary licensing round and the sixth round, which will include 29 projects in fields and exploratory patches, whether oil or gas, spread across 12 governorates, is a step in the right direction that will lead to achieving three positives at the same time: increasing its ability to pump oil and produce gas and reducing the bill."
Importing the latter, in addition to revitalizing neighboring regions and providing more job opportunities, not to mention supporting the governorates and financing service projects.”
She stated that "Iraq represents an important factor in stabilizing international markets in the energy file and increasing its production capacity is a step in the right direction, especially gas fields, in order to reach the stage of sufficiency." https://www.mawazin.net/Details.aspx?jimare=247775
90 Billion Dinars Were Recovered From Social Protection Violators
Posted On05-12-2024 By Sotaliraq Yesterday, Saturday, the Social Protection Fund in the Ministry of Labor and Social Affairs counted the money recovered from transgressors since its establishment and during the current year 2024, while explaining the reason for the cessation of its projects.
The Director General of the Fund, Siham Abdel Wahab, said, “(90) billion dinars have been recovered from the beginning of the Fund’s establishment in 2015 until now, while the funds recovered during the current year from the period 1/1/2024 to 4/30/2024 amounted to a limit of (5) billion dinars after the intersection of information and extracting the names of the transgressors.” LINK
In Numbers: The Rise In Internal Debt In Iraq
Time: 05/12/2024 Read: 624 times {Economic: Al-Furat News} An economic expert revealed that the total internal debt in Iraq increased during the month of last April.
Manar Al-Obaidi said in a statement, a copy of which was received by {Al-Furat News}, that "the total internal debt last April rose to 76.9 trillion dinars, up from the previous month of March by 5%, as the total internal debt of Iraq was 73.2 trillion dinars."
He pointed out that the total debt increased "by 10.39% compared to April 2023, as the total internal debt at that time was 69.7 trillion dinars." LINK
Iraq Is The Largest Producer.. OPEC+ Is Pumping Higher Than Scheduled And In Anticipation Of The June Meeting
Energy Economy News _ Baghdad OPEC+ crude oil production decreased by 210,000 barrels per day on a monthly basis, to 41.04 million barrels per day last April.
This came according to a survey conducted by S&P Global Commodity, as Russia began implementing a deeper production cut amid a series of Ukrainian drone attacks on its refineries.
However, this decline is unlikely to be enough to calm tensions over compliance, with Russia failing to meet its target, and Iraq and Kazakhstan continuing to produce quantities well above their quotas, according to the survey.
However, this decline is unlikely to be enough to calm tensions over compliance, with Russia failing to meet its target, and Iraq and Kazakhstan continuing to produce quantities well above their quotas.
The two countries exceeded excess production by nearly 1 million barrels per day in early 2024, and committed to compensate for this between May and the end of December 2023, and these plans were adjusted depending on future production and OPEC+ policy decisions based on the data.
Iraq and Kazakhstan continued to produce beyond quotas, despite their pledge to compensate for their surplus production in early 2024.
As for the June meeting, the production data for last April will be the talk available to OPEC+ ministers when they meet to determine production levels, and analysts expect the group to extend the current quotas and voluntary cuts.
Iraq produced above its quota last April, when production reached 4.24 million barrels per day, a decrease of only 4%, compared to the previous month, which amounted to 4.28 million barrels per day. Thus, it produced above its quota by 240 thousand barrels per day. Views 20 05/12/2024 - https://economy-news.net/content.php?id=43343
The Discovery Of 10 New Oil And Gas Fields In The Anbar Desert
Economy Information / Anbar.. Anbar Governor’s Advisor for Energy Affairs, Aziz Khalaf Al-Tarmouz, announced today, Sunday, the discovery of 10 new oil and gas fields in the Anbar desert in western Iraq.
Follow the “Al-Ma’louma” channel on Telegram.. News that does not require documentation..
Al-Tarmouz told Al-Maalouma, “The Oil Exploration Company affiliated with the Ministry of Oil conducted exploration operations in the desert of Al-Nukhayb district towards the Arar border crossing with Saudi Arabia and the areas south of Tharthar, which resulted in the discovery of 10 new oil and gas fields that were not registered with the Ministry of Oil.”
He explained, “These fields contain large quantities of petroleum derivatives, minerals, and phosphates,” noting that “expectations indicate that these areas float on lakes of oil.”
He denied that “exploration operations for oil and gas fields have stopped for security reasons,” indicating that search and exploration operations will continue. According to a plan drawn up by the concerned authorities. Ended / 12A LINK
Oil: Iraq Achieved Self-Sufficiency In Liquid Gas And Began Exporting The Surplus
Energy Economy News _ Baghdad The Ministry of Oil announced today, Sunday, that Iraq's oil reserves have risen to more than 160 billion barrels, while indicating that 22 international companies are competing for gas field development projects, stressing that Iraq has achieved self-sufficiency in liquid gas and has begun exporting the surplus.
The ministry’s spokesman, Asim Jihad, said in an interview with the Iraqi News Agency, followed by Al-Iqtisad News, that “the fifth and sixth round of supplementary licenses come in line with the government program that aims to optimize the investment of oil and gas wealth.”
He added, "The Ministry aims to maximize national production, especially of hydrocarbon and gaseous compounds found in the ground," noting that "there are 22 international companies competing for projects to develop these fields."
He pointed out, "Most of the exploration blocks nominated for competition are gas exploration blocks, and therefore this will support the energy sector in Iraq."
Jihad confirmed, "The Ministry of Oil has achieved important steps in optimal gas investment projects in Maysan Governorate, at a rate of 300 cubic feet, and in Dhi Qar / Nasiriyah and Al-Gharraf Governorates, at a rate of 200 million standard cubic feet per day."
He continued, "The contracts concluded by the Ministry regarding the Nahran Omar field will provide 300 million standard cubic feet in two stages, while the contract with Total will provide 600 million standard cubic feet per day."
He pointed out, "The fifth licensing round will achieve more than 800 million standard cubic feet of gas, in addition to the efforts of the Basra Gas Company, where gas investment has reached 1,200 million standard cubic feet per day."
He went on to say: "It is hoped that 200 million standard cubic feet will be added this year, so in total Iraq aims to achieve self-sufficiency to support the energy sector and reach the stage of self-sufficiency."
He stressed, "Iraq has achieved self-sufficiency in liquid gas, and the surplus was exported outside the country," noting that "this step is important in strengthening the Iraqi national economy."
According to him, “the government effort focused during the last period on intensifying exploratory operations, and therefore this will lead to maximizing the Iraqi oil reserve,” adding, “It is hoped that during the coming period it will be announced that the Iraqi oil reserve will increase to more than 160 billion barrels, which will enhance the role of Iraq in the global oil market.
Regarding the activities of the fifth supplementary and sixth licensing round for the second day, Jihad explained, “The activities of the second day included competition for 11 fields and exploration plots, and these patches and fields began with the Abu Khaimah field in Al-Muthanna Governorate, which was transferred to the Chinese company Zenoa.”
Jihad added: “Now there is competition for the goat patch in Anbar Governorate. Competition will also take place today for patch No. 7 in Diwaniyah Governorate, Al-Dhafriyah field in Wasit Governorate, Sumer patch in Al-Muthanna Governorate, Tal Hajar in Nineveh Governorate, Al-Khanah in Salah al-Din Governorate, and Anah in Anbar.” Plot No. 11 in Najaf Al-Ashraf, Al-Anbar Plot in Anbar Governorate, and Qalat Saleh Field in Maysan.
He expressed his hope that “these projects will be referred to competing international companies, in a way that will achieve a major transition in this context,” and tomorrow “the competition will be for another group of fields and exploratory patches.”
Yesterday, Saturday, Prime Minister Muhammad Shiaa Al-Sudani sponsored the ceremony to announce licenses for the fifth supplementary round and the entire sixth round, which includes a total of 29 projects for oil and gas exploratory fields and patches, distributed among 12 governorates.
Views 52 05/12/2024 - https://economy-news.net/content.php?id=43338
Provoking Thoughts and Points to Ponder on Wealth
True abundance is not about gathering more things, it's about touching the place in us that is connected to the divine source of abundance, so that we know what we need in the moment will be provided. - Mary Manin Morrissey
The ideal social state is not that in which each gets an equal amount of wealth, but in which each gets in proportion to his contribution to the general stock. - Henry George
I'll fares the land, to hastening ills a prey, Where wealth accumulates, and men decay; Princes and Lords may flourish, or may fade - A breath can make them, as a breath has made - But a bold peasantry, their country's pride, When once destroy'd can never be supplied. - Oliver Goldsmith
Riches either serve or govern the possessor. - Horace
The wealth of nations is men, not silk and cotton and gold. - Richard Hovey
Life is short. The sooner that a man begins to enjoy his wealth the better. - Samuel Johnson
Our Lord commonly giveth Riches to such gross asses, to whom he affordeth nothing else that is good.- Martin Luther
Iraqi Dinar Video Update Late Saturday Evening 5-11-24
Iraqi Dinar Video Update Late Saturday Evening 5-11-24
US Treasury & President Of Iraq Has Been Announced IQD RV – 3:28
Finally AL ALAQ Announced IQD Vs USD New Rate – 3:11
Iraqi Dinar Huge Exchange Rate – 3:06
Congrats It's Done IQD Set New Rate 1IQD=1USD – 3:18
Iraqi Dinar Video Update Late Saturday Evening 5-11-24
US Treasury & President Of Iraq Has Been Announced IQD RV – 3:28
Finally AL ALAQ Announced IQD Vs USD New Rate – 3:11
Iraqi Dinar Huge Exchange Rate – 3:06
Congrats It's Done IQD Set New Rate 1IQD=1USD – 3:18
US Treasury & President Of Iraq Has Been Announced IQD RV – 3:28
Finally AL ALAQ Announced IQD Vs USD New Rate – 3:11
Iraqi Dinar Huge Exchange Rate – 3:06
Congrats It's Done IQD Set New Rate 1IQD=1USD – 3:18
“Tidbits From TNT” Sunday 5-12-2024
TNT:
Tishwash: Al-Sudani confirms Iraq's readiness to hold the next conference of the Arab Network in Baghdad
Prime Minister Muhammad Shiaa Al-Sudani received, this Sunday morning, the Secretary-General of the Arab Network for National Human Rights Institutions, Sultan bin Hassan Al-Jamali, and his accompanying delegation.
The meeting witnessed, according to a statement by the Prime Minister’s Office, a copy of which {Al-Furat News} received, “discussion of the human rights file, the work of local, regional and international organizations in this field, and a review of the development witnessed by the Iraqi legal and constitutional environment, in ensuring the rights of individuals and groups and general civil rights.” .
During the meeting, the Prime Minister affirmed, “Iraq’s readiness and welcome to hold the next conference of the Arab Network in the capital, Baghdad, as part of the government’s efforts to create the general climate for the work of human rights institutions and organizations, and to hold conferences and development workshops that support their activities.”
TNT:
Tishwash: Al-Sudani confirms Iraq's readiness to hold the next conference of the Arab Network in Baghdad
Prime Minister Muhammad Shiaa Al-Sudani received, this Sunday morning, the Secretary-General of the Arab Network for National Human Rights Institutions, Sultan bin Hassan Al-Jamali, and his accompanying delegation.
The meeting witnessed, according to a statement by the Prime Minister’s Office, a copy of which {Al-Furat News} received, “discussion of the human rights file, the work of local, regional and international organizations in this field, and a review of the development witnessed by the Iraqi legal and constitutional environment, in ensuring the rights of individuals and groups and general civil rights.” .
During the meeting, the Prime Minister affirmed, “Iraq’s readiness and welcome to hold the next conference of the Arab Network in the capital, Baghdad, as part of the government’s efforts to create the general climate for the work of human rights institutions and organizations, and to hold conferences and development workshops that support their activities.”
The statement added, "The meeting also witnessed a review of the current events in the Gaza Strip and the continued aggression against our Palestinian people, the human rights violations that violated all international moral standards, and the role of the international community, with its human rights and legal institutions and organizations, in stopping these organized crimes." link
Tishwash: Iraq is the largest producer.. OPEC+ is pumping higher than scheduled and in anticipation of the June meeting
OPEC+ crude oil production decreased by 210 thousand barrels per day on a monthly basis, to 41.04 million barrels per day last April.
This came according to a survey conducted by S&P Global Commodity, as Russia began implementing a deeper production cut amid a series of Ukrainian drone attacks on its refineries.
However, this decline is unlikely to be enough to calm tensions over compliance, with Russia failing to meet its target, and Iraq and Kazakhstan continuing to produce quantities well above their quotas, according to the survey.
However, this decline is unlikely to be enough to calm tensions over compliance, with Russia failing to meet its target, and Iraq and Kazakhstan continuing to produce quantities well above their quotas.
The two countries exceeded excess production by nearly 1 million barrels per day in early 2024, and committed to compensate for this between May and the end of December 2023, and these plans were adjusted depending on future production and OPEC+ policy decisions based on the data.
Iraq and Kazakhstan continued to produce beyond quotas, despite their pledge to compensate for their surplus production in early 2024.
As for the June meeting, the production data for last April will be the talk available to OPEC+ ministers when they meet to determine production levels, and analysts expect the group to extend the current quotas and voluntary cuts.
Iraq produced above its quota last April, when production reached 4.24 million barrels per day, a decrease of only 4%, compared to the previous month, which amounted to 4.28 million barrels per day. Thus, it produced above its quota by 240 thousand barrels per day. link
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Tishwash: Al-Sudani: Dozens of international companies compete to invest wealth in Iraq
On Saturday, Prime Minister Muhammad Shiaa Al-Sudani sponsored the ceremony of announcing licenses for the fifth supplementary round and the entire sixth round, which includes a total of 29 projects for oil and gas fields and exploratory blocks, distributed among 12 governorates, as these strategic projects will contribute to increasing investments in those governorates, which will help... Improving its economic and service reality.
Iraq expects to obtain more than 3,459 million standard cubic feet per day of gas, and more than one million barrels of oil per day, through these two rounds.
In a speech he delivered during the ceremony, according to a statement by his media office, Al-Sudani welcomed representatives of Arab and foreign companies, praising the efforts made by the Ministry of Oil, which is the beginning of greater efforts and opportunities that will be reflected in every aspect of our national economy.
He also expressed his appreciation for the efforts made by the relevant agencies and ministries, which resulted in creating the appropriate environment for launching these projects.
The Prime Minister referred to the government program that devoted a wide scope to the government’s vision of achieving the slogan (towards optimal investment of oil and gas), by adopting a new policy in investing oil wealth. He also stressed the commitment of the government and all state institutions to work away from bureaucracy and complex routine, in order to Facilitating the business and investment environment.
The statement summarized the highlights of the Prime Minister’s speech:
The expected revenues must be used to advance the rest of the economic fields that our people are waiting for.
Iraq is a difficult number in the world's energy and oil wealth equation.
Our goal is to invest this wealth, starting with ending the burning of associated gas, which will stop within 3-5 years, and stopping the devastating environmental effects of this process.
We are heading to invest our oil production and transform it into petrochemical manufacturing industries.
Our goal is to convert 40% of oil production over the next 10 years into oil products.
Free gas investment, which is being implemented through the sixth round, is the most important investment for this idle wealth.
We are proceeding with integrated oil projects, which have been announced, and are being discussed with companies regarding them.
The establishment of a fixed gas platform in the Grand Al-Faw Port, together with the development road project, which includes an oil and gas transportation line, will establish a new situation for Iraq in the operating energy market.
The Ministry of Oil worked to prepare for these tours, through workshops and meetings with consultants.
We have dozens of international companies competing to invest wealth, and this is evidence of Iraq's increasing interconnectedness with the global economy.
We have initiated real reforms in tax, customs, and banking reform, to complete the ideal investment environment for the work of oil companies.
We direct the Ministry of Oil to formulate this policy and rush strongly without hesitation to develop optimal plans for investing wealth, and you will find full support from the government and the House of Representatives.
We will not pay attention to obstructive voices, and we stress the Ministry of Oil to take confident and expressive measures.
We call on investing companies to begin their tasks as soon as possible.
We were keen to distribute the projects in more than one governorate. To achieve the broadest development in all governorates of Iraq. link
Mot: . Seeeeeeeeeeeee - Told Ya!!!
Mot: ........ sorry
Mot: . whats its All about
News, Rumors and Opinions Sunday Morning 5-12-2024
KTFA:
Frank26: "BILLIONS FOR THE ECONOMIC REFORM... EQUALS A NEW EXCHANGE RATE."........F26
Al-Sudani launches a package of new service projects in Babylon
5/9/2024
Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani launched a package of new service projects in Babil Governorate worth (1,276,740,000,000) dinars.
Al-Sudani’s media office said in a statement received by {Al-Furat News}, “Prime Minister Muhammad Shia’ al-Sudani, during his visit to Babil Governorate, today, launched a package of new service projects worth (1,276,740,000,000) dinars.”
He added, "The projects include:
KTFA:
Frank26: "BILLIONS FOR THE ECONOMIC REFORM... EQUALS A NEW EXCHANGE RATE."........F26
Al-Sudani launches a package of new service projects in Babylon
5/9/2024
Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani launched a package of new service projects in Babil Governorate worth (1,276,740,000,000) dinars.
Al-Sudani’s media office said in a statement received by {Al-Furat News}, “Prime Minister Muhammad Shia’ al-Sudani, during his visit to Babil Governorate, today, launched a package of new service projects worth (1,276,740,000,000) dinars.”
He added, "The projects include:
-Integrated projects for sewage, sewage, and rainwater in (Al-Qasim, Al-Hashimiyeh, and Al-Madhatiya districts), with a total amount of (364,500,000,000) dinars.
-An integrated project for sewage, sewage and rainwater networks for Al-Kifl district, amounting to 134.2 billion dinars.
-A link road with the highway (Basra - Baghdad), via the Imam - Anana district - to Al-Ibrahimiya in the Hindiyah district, at a cost of 320 billion dinars.
-Management and operation of Imam al-Sadiq Hospital (peace be upon him), by a specialized foreign company for $60 million.
- Referring the large Hilla sewer project/second phase to implementation at a cost of $287 million. LINK
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Frank26: "THE REALITY IS A NEW EXCHANGE RATE!!!".........F26
It will change the reality of Iraqi banks.. Al-Alaq reveals a plan that enjoys Sudanese support
5/9/2024 Baghdad
The Governor of the Central Bank, Ali Mohsen Al-Alaq, revealed today, Thursday, the progress of a plan supported by the government to change the map of the banking sector and its reality in Iraq.
The Central Bank stated in a statement received by Mawazine News, “The Governor of the Central Bank, Mr. Ali Mohsen Al-Alaq, received today the French Ambassador to Baghdad, Patrick Durel.”
He added, "The meeting discussed ways to strengthen banking relations between the two countries, and His Excellency the Governor provided a comprehensive explanation of the relations and economic conditions, as well as the government's directions in consolidating the foundations of the national economy and diversifying it in light of the state of security stability achieved in Iraq."
Al-Alaq confirmed that “the plan to restructure government banks is supported and monitored regularly by the Prime Minister,” noting that “this plan will change the map of the banking sector and its reality in Iraq.”
He pointed to "the rapid developments in organizing, monitoring and analyzing foreign transfer operations and covering foreign trade in accordance with best international practices and standards, which are receiving great praise and attention from international and regional organizations."
It is noteworthy that the Central Bank of Iraq owns deposits and accounts with the Central Bank of France, and they have been linked by cooperative relations over many years. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: My bank friend told me that [the new green 1000 dinar note] is on the CBI website. FRANK: Fils will not only be in precious metals but they will also be in paper...You might see an article about this today or tomorrow...Look at this note [new green 1000]...it looks like a 1000 note but...this green one is going to become part of your ability to give back change. FIREFLY: None of us have seen this before. FRANK: This is 100% proof you have a new monetary reform coming because if they're going to introduce these fils in a paper form then that means you have a new exchange rate to adjust to it.
Militia Man Article: "Floating the dinar returns to the forefront will the Central Bank of Iraq resort to it and what the risks?" The bottom line is Iraq is going to make an exchange rate change. They've told you about it...A managed float is a mix of a fixed and a float...Are they going to change it to a free float? Probably not because there's a lot of risks at that stage...Ultimately what is their goal? Raising the value of the dinar against the dollar. That's what they're going to be trying to do...
States Say "NO" To Overreach by UN, WHO, & WEF | Alex Newman
Liberty and Finance: 5-11-2024
America's founding fathers wrote that it was the "rightful remedy" for the state governments to interpose between the federal government and the citizens of the states.
Throughout US history, state governments have nullified overreach by the federal government and protected the rights of citizens.
Journalist, author, and educator Alex Newman joins us to discuss recent state bills that are now protecting citizens against overreach by unelected international organizations.
Louisiana Senate Passes Bill to End State Cooperation with UN, WHO, & WEF: "The proposed law declares, 'The World Health Organization, United Nations, and the World Economic Forum shall have no jurisdiction or power within the state of Louisiana.' ” https://blog.tenthamendmentcenter.com/2024/03/louisiana-senate-passes-bill-to-end-state-cooperation-with-un-and-who/
INTERVIEW TIMELINE: 0:00
Intro 1:20 Preparedness
7:32 Sheriffs conference
14:00 Constitution and state's power
23:33 Alex Newman's resources
Currency Insider Video Updates Saturday Evening 5-11-24
Currency Insider Video Updates Saturday Evening 5-11-24
Iraqi dinar hold your dinar new rate unbelievable – 2:12
Iraqi dinar ready for RV Iraqi Dinar RV Is Coming – 2:16
Vietnam Dong rate high alert – 1:00
CBI Big Alert Of Iraqi Dinar New Exchange Rates – 2:10
Currency Insider Video Updates Saturday Evening 5-11-24
Iraqi dinar hold your dinar new rate unbelievable – 2:12
Iraqi dinar ready for RV Iraqi Dinar RV Is Coming – 2:16
Vietnam Dong rate high alert – 1:00
CBI Big Alert Of Iraqi Dinar New Exchange Rates – 2:10
Iraqi dinar hold your dinar new rate unbelievable – 2:12
Iraqi dinar ready for RV Iraqi Dinar RV Is Coming – 2:16
Vietnam Dong rate high alert – 1:00
CBI Big Alert Of Iraqi Dinar New Exchange Rates – 2:10
Avoid These 7 Mistakes When Rolling Over Money Between Retirement Accounts
Avoid These 7 Mistakes When Rolling Over Money Between Retirement Accounts
Laura Beck Fri, May 10, 2024
One of the most important financial decisions you’ll make is how to handle your retirement accounts when changing jobs. Rolling over your 401(k) or other accounts correctly can ensure your hard-earned retirement savings keep growing tax-deferred. But making mistakes during this process can cost you big time in taxes, penalties and lost future growth.
Here are six potentially costly mistakes to avoid when rolling over retirement money, according to financial advisors.
Having the Rollover Check Made Payable to You
“Rolling over your 401(k) to an IRA or another 401(k) is usually done by check. Do not have the check made out to yourself!” said Jake Skelhorn, CFP and former Merrill Lynch advisor now at Spark Wealth Advisors. “This is taxable and will be subject to a mandatory 20% withholding. The rollover check needs to be made payable to the gaining institution, or sometimes the name of your employer if it’s a 401(k).”
Avoid These 7 Mistakes When Rolling Over Money Between Retirement Accounts
Laura Beck Fri, May 10, 2024
One of the most important financial decisions you’ll make is how to handle your retirement accounts when changing jobs. Rolling over your 401(k) or other accounts correctly can ensure your hard-earned retirement savings keep growing tax-deferred. But making mistakes during this process can cost you big time in taxes, penalties and lost future growth.
Here are six potentially costly mistakes to avoid when rolling over retirement money, according to financial advisors.
Having the Rollover Check Made Payable to You
“Rolling over your 401(k) to an IRA or another 401(k) is usually done by check. Do not have the check made out to yourself!” said Jake Skelhorn, CFP and former Merrill Lynch advisor now at Spark Wealth Advisors. “This is taxable and will be subject to a mandatory 20% withholding. The rollover check needs to be made payable to the gaining institution, or sometimes the name of your employer if it’s a 401(k).”
Not Paying Off 401(k) Loans First
“Pay off any loans prior to rolling over,” Skelhorn shared. “Most of the time, processing a rollover closes your old 401(k), which will cause you to default on any outstanding loan balances.
The loan will be reclassified as a withdrawal and subject to taxes and possibly penalties. If you can, pay off the loan first to not only avoid taxes but put more money back into the tax-deferred account where it can continue compounding.”
Using a 60-Day Indirect Rollover
“Using a 60-day rollover, also called an indirect rollover, is a huge mistake,” said Stephen Kates, CFP and principal financial analyst for Annuity.org. “All rollovers should be set up to transfer in what is called a ‘trustee-to-trustee transfer’ process instead.”
With a trustee-to-trustee transfer, the money moves directly between financial institutions without you taking possession of it. This avoids the 60-day time limit, mandatory 20% tax withholding and risk of forgetting to redeposit funds before the deadline.
“A trustee-to-trustee transfer means that the money will move directly between the financial institutions and will not be received or handled by the person who owns the account,” Kates said. “This is a cleaner and safer way to transfer the money and will limit any mistakes.”
Not Separating Pre-Tax and Post-Tax Funds
“It is important to understand the tax status of your retirement money especially if you have a mixture of pre- and post-tax contributions in your retirement account,” Kates said. “When making transfers, investors will need to direct pre- and post-tax money to separate accounts to make sure they are not either commingled incorrectly or mailed out as a retirement distribution.”
Being Unprepared With Transfer Details
Before initiating a rollover, you’ll need to have these key details about the receiving account:
Name of the receiving institution
Address of the receiving institution
Account number at the receiving institution
Type of account (IRA, 401(k), etc.) to receive the funds
“Prepare the necessary information before you start your transfer,” Kates said. “Most institutions need [these] four pieces of information to complete a transfer.”
To Read More:
https://news.yahoo.com/finance/news/m-financial-advisor-avoid-7-120020539.html
KTFA Sat. Night CC: “FRANK26…..5-11-24…..FIL ME UP “
KTFA
Saturday Night Conference Call
FRANK26…..5-11-24…..FIL ME UP
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Saturday Night Conference Call
FRANK26…..5-11-24…..FIL ME UP
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Iraqi Dinar Today Video Updates Saturday Evening 5-11-24
Iraqi Dinar Today Video Updates Saturday Evening 5-11-24
CBI Announced New Rate Finally Showing On Tv Screen – 4:16
IQD $5.77 And Vietnamese Dong $3.10 Internationally – 4:11
Chase Bank Latest Announcement IQD Rv And New Rate| - 4:25
Floating point and Iraqi dinar Latest update – 4:22
Massive Exchange Rate Update About IQD Rv – 3:11
Wait is Over , for the RV Rate To Be Announced – 4:21
Iraqi Dinar Today Video Updates Saturday Evening 5-11-24
CBI Announced New Rate Finally Showing On Tv Screen – 4:16
IQD $5.77 And Vietnamese Dong $3.10 Internationally – 4:11
Chase Bank Latest Announcement IQD Rv And New Rate| - 4:25
Floating point and Iraqi dinar Latest update – 4:22
Massive Exchange Rate Update About IQD Rv – 3:11
Wait is Over , for the RV Rate To Be Announced – 4:21
CBI Announced New Rate Finally Showing On Tv Screen – 4:16
IQD $5.77 And Vietnamese Dong $3.10 Internationally – 4:11
Chase Bank Latest Announcement IQD Rv And New Rate| - 4:25
Floating point and Iraqi dinar Latest update – 4:22
Massive Exchange Rate Update About IQD Rv – 3:11
Wait is Over , for the RV Rate To Be Announced – 4:21
“Mothers Day Bits and Pieces” Posted by Mot at TNT
TNT:
Mot: ...... the woman at the end of the street
We live about a half mile from the bus stop.
There are nine kids (including my three) who live along the half mile stretch leading to the bus stop.
My kids love taking the bus because they love hanging out, talking and playing with their friends before the bus arrives.
There’s a family who lives right at the end of the street close to the bus stop.
The youngest daughter is about to graduate from high school and will leave for college in a couple months.
It could go either way living near the bus stop.
TNT:
Mot: ...... the woman at the end of the street
We live about a half mile from the bus stop.
There are nine kids (including my three) who live along the half mile stretch leading to the bus stop.
My kids love taking the bus because they love hanging out, talking and playing with their friends before the bus arrives.
There’s a family who lives right at the end of the street close to the bus stop.
The youngest daughter is about to graduate from high school and will leave for college in a couple months.
It could go either way living near the bus stop.
You could be annoyed that there are nine kids running around and having fun right outside your house 180 mornings and afternoons of the year.
Or you could welcome it.
The mom (already missing her daughter before she has even graduated from high school) loves having the kids around.
She lets them play with her dog whenever they want to.
She lets them play football and tag and climb the tree in her front yard.
She also lets them keep their bikes, scooters, skateboards, helmets, footballs, basketballs, frisbees, baseball gloves and whatever else they bring to the bus stop at her house when the bus arrives.
Then they can grab their stuff when they get off the bus after school and hang out and play and ride their bikes home.
So now, every morning, Kasen and Marit ride their bikes to the bus stop.
They get out the door ten or fifteen minutes earlier than they need to so they have time to ride bikes before school and have fun with their friends.
They actually rush out the door to go to school.
And they wouldn’t be able to do this if it weren’t for the amazing woman who welcomes and appreciates this group of kids every day.
There are so many ways to make this world a better place and the woman at the end of the street has mastered one of them.
~~~~~~~~~~~
Mot: .. the MOM Voice Its real
Mot: .... Beeeeeeeeee Sure and Remember!!! ~~~~
Mot: ... Yaaaaaaaaaa - She Gets the Day Off!!!!!
Mot: . Yeppers - one day
Mot .... Anything Left OUt????
Mot: 12 Hours of Labor
