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Iraqi Dinar Video Update Wednesday Afternoon 3-27-24

Iraqi Dinar Video Update Wednesday Afternoon 3-27-24

Iraqi Dinar Massive Update – 3:00

Finally IQD Revaluation & Reinstatment Fully Confirmed – 2:55

This is Huge Announcment About IQD Dinar – 3:28

Iraqi Dinar Video Update Wednesday Afternoon 3-27-24

Iraqi Dinar Massive Update – 3:00

Finally IQD Revaluation & Reinstatment Fully Confirmed – 2:55

This is Huge Announcment About IQD Dinar – 3:28

 Iraqi Dinar Massive Update – 3:00

https://www.youtube.com/watch?v=swnC86TiG1k

Finally IQD Revaluation & Reinstatment Fully Confirmed – 2:55

https://www.youtube.com/watch?v=oMIq4ecmWsY

This is Huge Announcment About IQD Dinar – 3:28

https://www.youtube.com/watch?v=QF1ynGOcRl0

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Advice, Personal Finance, Economics DINARRECAPS8 Advice, Personal Finance, Economics DINARRECAPS8

The Easiest Way To Get The World’s 6th Best Passport

The Easiest Way To Get The World’s 6th Best Passport

Notes From the Field By Simon Black  March 27, 2024

On June 5, 1947, US Secretary of State George Marshall gave the commencement speech at Harvard University.

This was just two years after the end of World War II, and in this speech, he first proposed giving $12 billion (approximately $170 billion in 2024 dollars) in economic assistance to help rebuild Western European economies ravaged by the war.

But it was about more than just throwing money at the problem.

What became known as the Marshall Plan was also meant to remove trade barriers, increase economic cooperation between countries, and prevent the spread of communism.

Remember, this was at a time when people still widely understood that capitalism was a win/win system where people take risks and work hard to create value and mutual prosperity.

The Easiest Way To Get The World’s 6th Best Passport

Notes From the Field By Simon Black  March 27, 2024

On June 5, 1947, US Secretary of State George Marshall gave the commencement speech at Harvard University.

This was just two years after the end of World War II, and in this speech, he first proposed giving $12 billion (approximately $170 billion in 2024 dollars) in economic assistance to help rebuild Western European economies ravaged by the war.

But it was about more than just throwing money at the problem.

What became known as the Marshall Plan was also meant to remove trade barriers, increase economic cooperation between countries, and prevent the spread of communism.

Remember, this was at a time when people still widely understood that capitalism was a win/win system where people take risks and work hard to create value and mutual prosperity.

By the 1950s, it was obvious that the Marshall Plan was playing a key role in the recovery of Europe's economy and laying the foundations for the post-war boom.

It was in this spirit of cooperation— and gratitude for the US— that the US and the Netherlands got together in 1956 to sign the Dutch American Friendship Treaty (DAFT). Yes, I chuckled at the acronym too.

The point was to make it easier for Americans to live and invest in the Netherlands, and vice-versa, and it’s still in force today.

The treaty allows US entrepreneurs and freelancers to obtain legal residency in the Netherlands for the purpose of starting a business, with an initial requirement of depositing approximately EUR 4,500 (about $4,900) in a Dutch bank.

In the digital age, this allows a wide range of self-employed professionals, like IT consultants and freelance writers, to easily benefit from DAFT without needing to establish a traditional brick-and-mortar business.

And after five years of total residency, you can apply for Dutch citizenship.

Now, nothing against the Netherlands, but you may not want to live in a place where it rains about half the year. Or a 6+ hour time zone difference from the US might not work for you.

But the same treaty offers an even better deal in the six Dutch territories of the Caribbean— Aruba, Bonaire, Curaçao, Saba, Saint Maarten, and Saint Eustatius.

Under the treaty, US citizens are entitled to obtain legal residency in one of these islands without even having to start a local company or invest money.

To maintain your residency, you need to keep closer connections to the island, and cannot leave the country for longer than 12 consecutive months unless it’s for medical reasons.

Plus, this one strategy may allow them to accomplish several goals.

For example, some of the most basic elements of a Plan B include gaining foreign residency and cutting your tax rate.

By gaining this easy residency and moving outside of the US, you could also use the Foreign Earned Income Exclusion to earn $126,500 tax free in 2024. Double that for married couples, and add the Foreign Housing Exclusion, and you’re talking about well over a quarter million dollars each year you can earn tax free.

And because of the tax rules on these islands, in most cases, you should be able to minimize or even eliminate your taxation there entirely (although you should definitely consult a tax professional who understands your particular situation).

Finally, this strategy puts you on a five year path to be able to naturalize in the Netherlands, which comes with the sixth best passport in the world. That’s an amazing passport to pass down to future generations.

There is a downside however... in order to become a Dutch citizen, you generally must renounce your other citizenships. (They do, however, make exceptions if giving up your original citizenship would create a serious hardship or disadvantage.)

But that’s under current Dutch law. That could change in five years; after all, Germany recently did away with the requirement to renounce other citizenships.

Now, DAFT is obviously not for everyone. But the larger point is that it’s a good way to think about implementing a Plan B to combine multiple benefits of a single strategy.

For a remote worker who wants to move to a warmer climate, obtain a foreign residency, cut their taxes, and gain a second passport, this ticks a lot of boxes.

You may have entirely different goals.

But chances are, you can find ways to craft your own Plan B in a similar manner that allows you to gain multiple benefits from a single action.

For example, we recently wrote about the Greek Golden Visa, which allows you to gain a foreign residency by buying property. It’s a great “back up residency,” since there are minimal requirements to spend time within Greece.

It’s also a way to gain some investment return from your Plan B, by renting out the property when you’re not there. Plus, Greece offers great tax incentives to retirees who move there.

So you could gain a foreign residency now, and use the rental income to pay for the home you plan to retire in.

Even something as simple as contributing to a tax-advantaged retirement account can allow you to employ multiple strategies to not just cut your taxable income, but also save for retirement.

Depending on the structure, you could also gain more control and options over where your retirement money is invested or capitalize a new business from your retirement account without penalties.

There are a lot of tools out there to take back so much of your freedom and prosperity. It makes sense to use them to their full potential.

 

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/the-easiest-way-to-get-the-worlds-6th-best-passport-150317/  

[Important Reminder: In case you missed our announcement from January 24, Sovereign Man has merged with Peter Schiff's media group. We are now called Schiff Sovereign, and our founder (Simon Black) has dropped the pen name and is now writing under his real name, James Hickman.]

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Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8

 Goldilocks' Comments and Global Economic News Wednesday 3-27-24

 Goldilocks' Comments and Global Economic News Wednesday 3-27-24 

Good Afternoon Dinar Recaps,

"Since trade values mostly increase when switching from MFN schemes to FTA schemes due to the latter’s lower tariff rates, a depreciation of the domestic currency may increase more than when only considering the above typical effect through relative price changes."

Vietnam is currently working on a couple of finishing touches to the payment side of their new stock market upgrade. They are currently working on trading ratios that allows a Free Trade Agreement based on supply and demand moving forward.

Vietnam does have some banks that are Basel 3 compliant, and more integration inside this upgrade is still taking place. For them to trade on a supply and demand platform, they need to prove that they have enough commodities and services to support this change into a Free Trade Agreement with other countries.

 Goldilocks' Comments and Global Economic News Wednesday 3-27-24 

Good Afternoon Dinar Recaps,

"Since trade values mostly increase when switching from MFN schemes to FTA schemes due to the latter’s lower tariff rates, a depreciation of the domestic currency may increase more than when only considering the above typical effect through relative price changes."

Vietnam is currently working on a couple of finishing touches to the payment side of their new stock market upgrade. They are currently working on trading ratios that allows a Free Trade Agreement based on supply and demand moving forward.

Vietnam does have some banks that are Basel 3 compliant, and more integration inside this upgrade is still taking place. For them to trade on a supply and demand platform, they need to prove that they have enough commodities and services to support this change into a Free Trade Agreement with other countries.

This will greatly enhance their currency's purchasing power, and the demand for it will increase its value. The implementation of this new status of Free Trade Agreements is expected to be implemented on January 1st, 2025. Vietnam News     CEPR

Watch the water.

© Goldilocks

~~~~~~~~~

Most countries around the world are bankrupt or on the verge of being so with no ability to repay their debts. War, inflation, geopolitical issues, debt and more have created price distortions inside our International Financial System.

Part of the process of restoring credit to an individual or countries is to go through a Credit Valuation Adjustment. You are going to hear the term Credit Valuation Adjustment as we get closer to the moment when Nations around the world sign an International Treaty Agreement to make these changes.

This is part of the reason why we have Basel 3 compliance coming into play this year. These new requirements will reveal Financial flaws needing to be adjusted inside the banking system and force mergers needed to successfully put us on a path that is sustainable going forward.  Bank of England
Wikipedia

© Goldilocks
~~~~~~~~~

👇 I will be back a little bit later. I have to check in with a couple of my trading partners. When I return, I will have some banking updates for you. 👇

~~~~~~~~~

MICA Announcement:

Markets in Crypto-Assets (MICA) has finalized their draft. Service providers are concerned about overreach and clarity on some key issues, but the ability to move forward and test the new digital asset-based trading system is possible at this point.  
CNN News

© Goldilocks  

~~~~~~~~~

IMF recommends stablecoins and CBDCs to boost Pacific Islands’ economies | Coin Telegraph

~~~~~~~~~

Asia-Pacific Banks Not Feeling the Heat from Final Basel Rules | Hellenic Shipping News Worldwide

~~~~~~~~~

Prices of New Houses -19% from Peak, Lowest since June 2021. Why Sales of New Houses Held Up, while Sales of Existing Houses Plunged | Wolf Street

~~~~~~~~~

~~~~~~~~~

The collapse of a major bridge along a crucial trade corridor outside Baltimore idled shipping at one of the East Coast's busiest ports, tied up coal shipments and pushed retailers, truckers and industrial firms to reroute shipping volumes to contain the economic fallout of the catastrophic event.   WSJ

~~~~~~~~~

👆 More on this tomorrow. I want to check in on a few things dealing with how much this will affect our economy because it will.

~~~~~~~~~

James Rickards: Stocks, gold & bitcoin price predictions as Wall St bulls face rising nuclear threat | Youtube

~~~~~~~~~

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline

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Thank you Dinar Recaps

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KTFA, News Dinar Recaps 20 KTFA, News Dinar Recaps 20

KTFA Members "Wednesday Iraq News" 3-27-2024

KTFA:

Clare:  The Iraqi government raises the size of the 2024 budget, and Parliament is “surprised”

3/27/2024

The Parliamentary Finance Committee said on Wednesday that the Iraqi government had increased the size of the 2024 budget, noting that it was “surprised” by the decision.

Member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, explained to Shafaq News Agency, “The Parliamentary Finance Committee hosted the Minister of Planning to discuss amendments, projects, and the reasons for the delay in sending the general budget law to the House of Representatives.”

He added, "We in the Parliamentary Finance Committee were surprised that the government raised the total amount of the budget law from 199 trillion dinars to 228 trillion dinars in the 2024 budget," explaining that "this increase is large, while what was spent in 2023 amounted to 142 trillion dinars."

KTFA:

Clare:  The Iraqi government raises the size of the 2024 budget, and Parliament is “surprised”

3/27/2024

The Parliamentary Finance Committee said on Wednesday that the Iraqi government had increased the size of the 2024 budget, noting that it was “surprised” by the decision.

Member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, explained to Shafaq News Agency, “The Parliamentary Finance Committee hosted the Minister of Planning to discuss amendments, projects, and the reasons for the delay in sending the general budget law to the House of Representatives.”

He added, "We in the Parliamentary Finance Committee were surprised that the government raised the total amount of the budget law from 199 trillion dinars to 228 trillion dinars in the 2024 budget," explaining that "this increase is large, while what was spent in 2023 amounted to 142 trillion dinars."

He pointed out that "the members of the Finance Committee had an opinion regarding the hosting that the budget should be realistic and not just planning."

Al-Kadhimi pointed out that “raising the total amount in the budget law caused an increase in the deficit rate,” noting that “the budget is currently still in the corridors of the Council of Ministers and is expected to be sent to the House of Representatives next month.”   LINK

Clare:  Al-Sudani announces the movement of nearly 500 stalled projects in Iraq

3/27/2024

Prime Minister Muhammad Shiaa Al-Sudani announced, this Wednesday morning, that his government has begun moving hundreds of stalled projects in various sectors in all governorates of the country.

This came during his pre-dawn inspection tour of the Nisour Square project site, which is one of the projects to relieve traffic congestion west of the capital, Baghdad, accompanied by the Minister of Construction and Housing, and the official of the implementing Chinese Railway Company, according to a statement issued by the Sudanese Media Office.

The Prime Minister expressed his appreciation for the continuation of work 24 hours a day, with three meals a day, in order to speed up completion and bring the project into service.

Al-Sudani stressed, in a speech to the workers, that this project is one of the most accurate and important projects for the movement of citizens in the capital, praising the efforts of the workers on the site and the supporting parties that maintained the work in the spirit of one team.

He stated that the package of projects to relieve traffic congestion will contribute to reducing the waste of citizens’ time, reducing pollution in the capital, and facilitating the flow of traffic, stressing the necessity of maintaining engineering specifications in implementation.

The statement quoted Al-Sudani as saying, “The government is continuing to move the stalled projects in all governorates and all sectors, as more than 490 projects have been moved and returned to work in a record period of time. It is an approach whose results are being followed by citizens who see the seriousness and clarity in it.”   LINK

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

Don961:  Welcoming Iraq's accession to membership in the European Bank

Economical  03/26/2024   Baghdad: Hussein Thaghab

Economic and financial experts in the public and private sectors unanimously agreed on the importance of Iraq’s accession to membership in the European Bank for Reconstruction and Development, and that in all cases it represents an important step that enhances its position within the global labor market. This accession comes at a time when the government and the Central Bank of Iraq are working to develop the Iraqi financial sector. And moving it to a better stage, commensurate with its economic weight on the global scene.

Executive Director of the Association of Iraqi Private Banks, Ali Tariq, told “Al-Sabah”: Iraq needs such important steps that strengthen its financial position, at a time when efforts continue in full swing to develop the performance of the national financial sector, and that such partnerships will have a positive impact on National financial sector.

He stressed that the European Bank for Reconstruction and Development is an important financial institution, and that joining in itself is a positive step that complements the development effort that the country seeks, as everyone realizes that Iraq is an important field of work and a destination for many major international companies, which requires us to work to keep pace with global developments in the financial sector.

He pointed out that the efforts of the government and the Central Bank to develop the local financial sector are continuing and at their strongest, and such steps reinforce these trends, as they bring closer distances with important financial institutions.

The Prime Minister's Advisor for Financial Affairs, Dr. Mazhar Muhammad Salih explained the benefits of Iraq joining the European Bank for Reconstruction and Development.


Saleh said to the Iraqi News Agency (INA): “There is a positive syndrome between building the development strategy that is embodied today by the government’s philosophy of launching a development initiative with comprehensive sectoral economic ties, which is called the (Development Road) project, which is the corridor and the strategic project that connects the countries of the European Union.” In Asia through Iraq and the Gulf sea lanes and vice versa on the one hand, and the requirements for implementing the various stages of the development path through the role that Iraq’s membership in the European Bank for Reconstruction and Development occupies on the other hand, especially in the preferences for obtaining European technology and ensuring the role of European Union countries’ companies in implementing the path. Development in all its aspects, whether in infrastructure, industrial production projects, and various logistical services.”

Financial and economic expert Dr. Salwan Al-Nouri described Iraq’s membership in the European Bank for Reconstruction and Development as important and strategic and puts Iraq on safe paths.

He said: Iraq cannot achieve sustainable economic development without the presence of important global partnerships that accelerate the implementation of development plans, by providing supplies that effort cannot provide. Locally, at the same speed as our local effort, which is represented by advanced technology and capital. Al-Nouri pointed out that the global effort can shorten the time and effort in the development process that Iraq seeks, as it has abundant capital and advanced equipment that can be used to serve the national economy, and this is not impossible, pointing out that such important partnerships with institutions have weight. On the global economic arena will enhance national development capabilities.

Economist Ahmed Maklaf said: Iraq’s accession to membership in the European Bank for Reconstruction and Development is a success in itself, as it contributes to changing the global outlook on the Iraqi business arena and moving it to a new stage, especially since many international banks are still afraid of being present in the Iraqi market even though they are... Realizes the importance of Iraq on the global economic scene.

An official pointed out that the concerned authorities in Iraq must work towards building bridges of cooperation with the largest international financial institutions and be present inside Iraq with a weight commensurate with Iraq’s economic size, especially since Iraq represents the focus of important work in the region and the world, and that bilateral partnerships with Iraq are of great benefit to all. the parties.

LINK

Don961:  Fiscal and monetary policies succeed in undermining the parallel dollar

Economical  03/27/2024  Baghdad: Haider Falih Al-Rubaie

The exchange rates of the dollar in the parallel market witnessed a noticeable decline, reaching yesterday, Monday, around 146 thousand dinars per 100 dollars, a number that specialists believe may decline further in the coming periods as a result of the success of the financial and monetary policies, stressing that the superiority of the official market, represented by the platform for selling the dollar. The Central Bank, in meeting the needs of foreign trade, led to a decline in the effects of the parallel market for the green currency, while specialists attributed the reasons for this decline to the introduction of the customs automation program (ASYCUDA).

 According to specialists, this decline constituted a positive factor in controlling the prices of goods and materials in local markets. They expect inflation rates to decline in the coming periods if monetary policy continues to succeed in meeting foreign trade financing.

In an image that confirms the solidarity of the executive and legislative authorities to confront the effects of the parallel market, the Parliamentary Finance Committee hosted earlier the Governor of the Central Bank, Ali Al-Alaq, to ​​discuss a number of important files, most notably the procedures for addressing the large gap in the sale of the dollar between the official price and the parallel market, as well as foreign trade remittances.

Through (the platform).” Al-Alaq indicated during the hosting that there were ongoing meetings with the US Treasury, and it was agreed to reconsider the sanctions imposed on Iraqi banks, and that such decisions should not be issued in the future except after discussing and informing the Central Bank of Iraq, as it concerned with monitoring its activity.

In the midst of this, the financial advisor to the Prime Minister, Dr. Mazhar Muhammad Salih, believes that “economic policy played a major role in imposing a climate of stability in the general level of dollar exchange rates,” indicating that “the state of superiority of the official exchange market in financing Iraq’s foreign trade caused a decline in the effects of the market.” Parallel and receding Its illegal activities.

Saleh pointed out to the Iraqi News Agency, “INA,” that “the decline in parallel market rates in favor of the official exchange rate is a tangible success in the cohesion of the country’s economic policy in its three aspects: financial, monetary, and commercial,”

Pointing out that “work and high coordination of policies led to providing an incubator of stability embodied in Relative price calm and containing seasonal price fluctuations for high-demand items, specifically providing basic goods related to consumption and daily living for citizens,” noting “the importance of using the customs policy, which was represented by (reducing customs tariffs and diversifying imports without quantitative limits for basic and necessary goods) as part of the performance of the financial policy in providing stability.” price and guarantee the supply of food and essential goods and production supplies at the official exchange rate and in accordance with the requirements of the national economy.”

Confirming the views of the government advisor, the economic expert, Manaf Al-Sayegh, pointed out that “the existence of coordination measures between the financial and monetary policies indicates the presence of a sound reading among the pillars of the Iraqi economy, and that the strategy that was developed to enhance the value of the dinar has begun to bear fruit.”

However, Al-Sayegh, during his talk to “Al-Sabah,” urged the necessity of knowing the real measures that led to the decline in the parallel exchange rate to ensure its sustainability during the coming periods, with the aim of absolutely controlling the green currency and preventing its rise again, stressing that this decline in the exchange rate could achieve a number of economic gains, The most prominent of which is controlling the prices of goods and materials in local markets, and reducing the rise in inflation rates during the coming periods, and therefore this is in the interest of Supporting individual economics.

Al-Sayegh pointed out that the past few days witnessed a clear decline in the demand for the dollar in the parallel market, which led to a decline in its exchange rate, indicating that the decline in demand resulted from meeting the needs of financing foreign trade by the Central Bank, and therefore the dinar can gain a lot during the coming periods if it is filled. Most of the external financing needs of the private sector.

In turn, the specialist in economic affairs, Dr. Ali Daadoush, attributed controlling the exchange rate and reducing it in the parallel market, to the recent measures represented by the introduction of the Customs Data Automation Program (ASYCUDA) system, stressing that this important government measure is an essential part of reducing the rise in the price of the dollar in Parallel market.

Dadoush also believes during his talk to “Al-Sabah” that “this decline will positively affect the level of per capita income, and will also push people who hoard the dollar to give it up and sell it, which could contribute to the continued decline in the exchange rate, indicating at the same time that this decline in the currency Green prices will ultimately lead to a positive effect of controlling the prices of some goods necessary for the individual, while the rest of the goods, especially luxury goods, will remain high as a result of their connection to global prices, which are high mainly as a result of global inflation.   LINK

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Bruce’s Big Call Dinar Intel Tuesday Night 3-26-24

Bruce’s Big Call Dinar Intel Tuesday Night 3-26-24

Transcribed By WiserNow Emailed To Recaps

Welcome, everybody to the big call tonight. It is Tuesday March 26th and you're listening to the big call. I had to think about that. Get that date right. Thanks for coming in and listening tonight - Tuning in everywhere all over the globe. And I know last week, Tuesday for example we had 18.4 million listeners - that was international listeners. Thanks for listening again - maybe we'll top that tonight  - maybe we won't. The point is you're here - we're looking forward to getting the information out to you.

 We're gonna have a great call tonight. I'm excited about the intel segment, excited to hear what Sue has to say and what Bob has to bring tonight, but before we get too deeply into the call. Let's go ahead and pray it in as we do on every call.

As we move into Intel tonight - I think we're going to be pleasantly surprised by what should be happening this Easter week. You know, this week, Holy Week, really, from last Sunday to this Sunday for most believers, that's when we celebrate. So here's what we're hearing.

Bruce’s Big Call Dinar Intel Tuesday Night 3-26-24

Transcribed By WiserNow Emailed To Recaps

Welcome, everybody to the big call tonight. It is Tuesday March 26th and you're listening to the big call. I had to think about that. Get that date right. Thanks for coming in and listening tonight - Tuning in everywhere all over the globe. And I know last week, Tuesday for example we had 18.4 million listeners - that was international listeners. Thanks for listening again - maybe we'll top that tonight  - maybe we won't. The point is you're here - we're looking forward to getting the information out to you.

 We're gonna have a great call tonight. I'm excited about the intel segment, excited to hear what Sue has to say and what Bob has to bring tonight, but before we get too deeply into the call. Let's go ahead and pray it in as we do on every call.

As we move into Intel tonight - I think we're going to be pleasantly surprised by what should be happening this Easter week. You know, this week, Holy Week, really, from last Sunday to this Sunday for most believers, that's when we celebrate. So here's what we're hearing.

First of all, you know, the St. Germain trust is opening on Easter Sunday and that will go to all kinds of global efforts. That is primarily going to be supporting GESARA globally. But that's a good thing - that's happening.

Let's track back to see where we have come from in the last few months and where we are now. Remember the - what we used to call “super whales”. These are really large bondholders that actually finished everything they needed to do about three months ago, but they don't have access to their funds yet until we go.

So they're sort of in limbo, waiting for that “go ahead” that we're looking for. So that portion is done. And then we went into what we call the whales. These are tier three bond holders  that are also quite large bondholders, they finished up last Friday.

So they finish those guys up and they also are waiting for a “go” from their paymasters in the form of email which should be coming out pretty soon, and they will have access to their funds.

And then there's the regular bondholders - those guys and women are looking to get started - Basically, they are going to be finished up  tomorrow afternoon, and the paymasters of the bondholders that we've talked to you today – Said they were doubling up on the emails to go out to those bondholders, some of which we know personally - and that's going to happen for them so that they can finish approximately between three and four o'clock Eastern tomorrow.

That should be complete. And then we who are  tier 4 A&B – the Internet Group. Admiral’s groups, Admiral’s groups plural. And we are the internet group tier 4 B, we are to be notified on the heels of the regular bondholders being completed.

So it looks like that should be for us between let's call it around 3:30 / 4 PM tomorrow, all the way to Thursday morning - this week for notifications that we would get the emails that would contain the toll free number.

That's what we're looking to have happen for us. I'm gonna say from tomorrow, mid to late afternoon, all the way to Thursday morning.

And what's really cool about this is we would set our appointments and we would start exchanges on Charlie Ward's Thursday, I call it that because Charlie's always said it was gonna  happen  on Thursday. we just don't know which one.

So we're just having fun with that. But Thursday is looking very good for us - and what I hope happens is that we do get the emails - we do get started this week before Good Friday

I don't know what they're gonna do about Easter Sunday. Nobody could tell me whether we're going to redemption centers open on Sunday, or not, but I know we should be starting Thursday, we should be going through Friday, should be going through Saturday, and we'll see what they do about Easter Sunday.

Certainly it will be proceed through them whether they go Sunday or not. Certainly they'll continue on through Monday, Tuesday, Wednesday and so on.

So the idea is that we do get started this week before the end of the month and that's a very positive thing. I'm looking forward to this going immediately and I'm looking forward to getting notified tomorrow afternoon, quite possibly setting appointments, or if we don't get them tomorrow -we should get them in the morning on Thursday. Okay, so that is really good news.

I am trying to think if there's anything else that's pertinent to our start. I just think that we've all waited a long time for this. It's taking a lot of faith to stand to stay in there and believe for this to come through for us.  It looks like we're fighting over faith and we're going to be rewarded this week.

The Deep State tried to  thwart this by having a Chinese cargo barge run into the  Francis Scott Key Ridge at 130 in the morning, this morning, which is over near I guess the harbor of Baltimore. And so for those that live in that area that did take out that bridge. So sorry about that, but they didn't get away with it. They're gonna be caught for that and I'm sure they already are And now it's a matter of just the US doing the right thing to repair that and get that fixed

We're so far along on this that whatever the deep state tries to do, will not prevail against it. And we're looking forward to going - going ahead with everything that we've got. I don't have any updated political news. I think that some things would be happening here very soon about political change. can't wait for that to happen. There we go. So I think we just need to get this done and hang in there -

I think I told you guys the first week of April, we're expecting the R & R to kick in restitution reclamation allowance. That'll be big and lump sum for Seniors 62 and older especially those social security,  And then we're also looking forward to increase social security In April. A nice increase when we get that we don't really need it that much if we have currencies but it's good to know that it's there.

I imagine there’s a few other things that I'm not remembering to bring out right now but  the main thing is we get this

Remember, you do want to get a master trust put together with an attorney or through Wells Fargo's attorneys try to set that up for yourself - Within 10 days of the exchange starting that'll be really good.

I  want everybody to enjoy this celebration of resurrection day, The celebration that goes along with Easter. and remember, this is a great time of year  - I’m seeing a lot of things happening in April. Don't be set too far apart by everything that's going to be happening.

We think that USN is going to actually be out around the 15th of April. So we'll see what else will happen then -  I hope NESARA is brought out between now and then it'll tell us everything that's going to change as far as our taxation and the end of income taxes that we've been paying all of that supposed to be out too.

 So a lot of stuff getting ready to happen. but let's do this. I think that's everything you guys need to know – brand  new rates are coming out that we're going to hear about - you won’t hear them – We’ll hear about them on Dong and Dinar around three in the afternoon tomorrow – supposed to hear that that sort of a couple of our bond paymasters, we'll get that information out of Reno. And other than that, we're just moving on. We're gonna have a really good celebration Sunday, but I think we look forward to everything going the way that we know it should .

And I just think we've got a lot of people to thank for listening to the big call and you guys know who they are on big call universe -  our satellite team - who is getting the call out to so many listeners thank you guys for doing that. And thank you everybody that is behind the scenes, in terms of intel providers and so on in t he big call and so on. Thank you Sue and Bob don't forget that of course. GCK and Larry of course and just everybody who's connected to the big call – Jeannie – Pastor Scott Thank you for your steadfast participation of giving us information on Tuesday and Thursday nights.

And I just think we're just looking forward to this going so much. I know we all are.  I think that's what we want to talk about tonight. I'm excited about this week guys - We need this to happen we’ve prayed for it to happen. Now let’s go ahead and  pray the call out. 

 

Bruce’s Big Call Dinar Intel Tuesday Night 3-26-24   REPLAY LINK   Intel Begins   1:05:25

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Bruce’s Big Call Dinar Intel Thursday Night 3-21-24   REPLAY LINK   Intel Begins 1:01:31

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Bruce’s Big Call Dinar Intel Tuesday Night 3-12-24   REPLAY LINK   Intel Begins   1:11:11

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 Bruce’s Big Call Dinar Intel Thursday Night 3-7-24   REPLAY LINK   Intel Begins  1:18:08

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Bruce’s Big Call Dinar Intel Tuesday Night 3-12-24   REPLAY LINK   Intel Begins   1:01:30

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Bruce’s Big Call Dinar Intel Thursday Night 3-7-24   REPLAY LINK   Intel Begins  57:00

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Bruce’s Big Call Dinar Intel Tuesday Night 3-5-24   REPLAY LINK   Intel Begins   1:04:40

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 Bruce’s Big Call Dinar Intel Thursday Night 2-29-24   REPLAY LINK   Intel Begins  1:07:37

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Bruce’s Big Call Dinar Intel Tuesday Night 2-27-24   REPLAY LINK   Intel Begins   1:21:31

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Bruce’s Big Call Dinar Intel Thursday Night 2-22-24   REPLAY LINK   Intel Begins  1:05:45

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Bruce’s Big Call Dinar Intel Tuesday Night 2-20-24   REPLAY LINK   Intel Begins   1:02:30

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Bruce’s Big Call Dinar Intel Thursday Night 2-15-24   REPLAY LINK   Intel Begins  1:29:29

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Bruce’s Big Call Dinar Intel Tuesday Night 2-13-24   REPLAY LINK   Intel Begins   1:05:25

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHdV7

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Chats and Rumors, Video, Vn Dong DINARRECAPS8 Chats and Rumors, Video, Vn Dong DINARRECAPS8

Iraqi Dinar Today Video Updates Wednesday Afternoon 3-27-24

Iraqi Dinar Today Video Updates Wednesday Afternoon 3-27-24

Iraq Announced Amazing RV Date and Exchange Rate – 4:05

Oh Yes, the $3.22 Rate – 4:02

RV Update IRAQ Finally Did It – 3:44

Iraqi Dinar Today Video Updates Wednesday Afternoon 3-27-24

Iraq Announced Amazing RV Date and Exchange Rate – 4:05

Oh Yes, the $3.22 Rate – 4:02

RV Update IRAQ Finally Did It – 3:44

 Iraq Announced Amazing RV Date and Exchange Rate – 4:05

https://www.youtube.com/watch?v=JJ9_P_3-Lg0

Oh Yes, the $3.22 Rate – 4:02

RV Update IRAQ Finally Did It – 3:44

https://www.youtube.com/watch?v=OJ-mtj9BkqE

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News DINARRECAPS8 News DINARRECAPS8

Iraq Economic News and Points to Ponder Wednesday Afternoon 3-27-24

Iraq Economic News and Points to Ponder Wednesday Afternoon 3-27-24

Tlm724 Administrator Bondlady’s Corner

Welcoming Iraq's Accession To Membership In The European Bank

 Economical 03/26/2024   Baghdad: Hussein Thaghab   Economic and financial experts in the public and private sectors unanimously agreed on the importance of Iraq’s accession to membership in the European Bank for Reconstruction and Development, and that in all cases it represents an important step that enhances its position within the global labor market.

 This accession comes at a time when the government and the Central Bank of Iraq are working to develop the Iraqi financial sector. And moving it to a better stage, commensurate with its economic weight on the global scene.

 Executive Director of the Association of Iraqi Private Banks, Ali Tariq, told “Al-Sabah”:

Iraq needs such important steps that strengthen its financial position,  at a time when efforts continue in full swing to develop the performance of the national financial sector, and that  such partnerships will have a positive impact on National financial sector. 

Iraq Economic News and Points to Ponder Wednesday Afternoon 3-27-24

Tlm724 Administrator Bondlady’s Corner

Welcoming Iraq's Accession To Membership In The European Bank

 Economical 03/26/2024   Baghdad: Hussein Thaghab   Economic and financial experts in the public and private sectors unanimously agreed on the importance of Iraq’s accession to membership in the European Bank for Reconstruction and Development, and that in all cases it represents an important step that enhances its position within the global labor market.

 This accession comes at a time when the government and the Central Bank of Iraq are working to develop the Iraqi financial sector. And moving it to a better stage, commensurate with its economic weight on the global scene.

 Executive Director of the Association of Iraqi Private Banks, Ali Tariq, told “Al-Sabah”:

Iraq needs such important steps that strengthen its financial position,  at a time when efforts continue in full swing to develop the performance of the national financial sector, and that  such partnerships will have a positive impact on National financial sector. 

He stressed that the European Bank for Reconstruction and Development is an important financial institution, and that  joining in itself is a positive step that complements the development effort that the country seeks, as everyone realizes that Iraq is an important field of work and a destination for many major international companies,

 which requires us to work to keep pace with global developments in the financial sector.  He pointed out that the  efforts of the government and the Central Bank to develop the local financial sector are continuing and at their strongest, and such steps reinforce these trends, as they bring closer distances with important financial institutions.

The Prime Minister's Advisor for Financial Affairs, Dr. Mazhar Muhammad Salih explained the benefits of Iraq joining the European Bank for Reconstruction and Development.   Saleh said to the Iraqi News Agency (INA):

“There is a positive syndrome between building the development strategy that is embodied today by the government’s philosophy of launching a development initiative with comprehensive sectoral economic ties, which is called the (Development Road) project,

 which is the corridor and the strategic project that connects the countries of the European Union.” In Asia through Iraq and the Gulf sea lanes and vice versa on the one hand, and

 the requirements for implementing the various stages of the development path through the role that Iraq’s membership in the European Bank for Reconstruction and Development occupies on the other hand, especially in the     preferences for obtaining European technology and     ensuring the role of European Union countries’ companies in implementing the path.

Development in all its aspects, whether in     infrastructure,      industrial production projects, and     various logistical services.”

Financial and economic expert Dr. Salwan Al-Nouri described Iraq’s membership in the European Bank for Reconstruction and Development as important and strategic and puts Iraq on safe paths. ‘

He said:  Iraq cannot achieve sustainable economic development without the presence of important global partnerships that accelerate the implementation of development plans, by providing supplies that effort cannot provide. Locally, at the same speed as our local effort, which is represented by advanced technology and capital.

Al-Nouri pointed out that the global effort can shorten the time and effort in the development process that Iraq seeks, as  it has abundant capital and advanced equipment that can be used to serve the national economy, and this is not impossible, pointing out that  such important partnerships with institutions have weight. On the global economic arena will enhance national development capabilities.

 Economist Ahmed Maklaf said:  Iraq’s accession to membership in the European Bank for Reconstruction and Development is a success in itself, as it contributes to changing the global outlook on the Iraqi business arena and moving it to a new stage,

 especially since many international banks are still afraid of being present in the Iraqi market even though they are... Realizes the importance of Iraq on the global economic scene.

 An official pointed out that the concerned authorities in Iraq must work towards building bridges of cooperation with the largest international financial institutions and be present inside Iraq with a weight commensurate with Iraq’s economic size,

 especially since Iraq represents the focus of important work in the region and the world, and that bilateral partnerships with Iraq are of great benefit to all. the parties.   https://alsabaah.iq/94058-.html    

Preserving Foreign Reserves.. An Iraqi Academic Study Answers The Question “The Stability Of The Iraqi Dinar Against The Dollar”

 Economy     Dollar prices     breaking     Central Bank of Iraq     Iraqi dinar   2024-03-25 12:46  Shafaq News/ At a time when the price of the dollar is still fluctuating between high and low, forcing the market to live in a state of some kind of confusion, because the hard currency constitutes an important tool in Iraqi trade, as it is a trade that depends on imports for most of the products in the local market,

On Monday, a researcher whose master’s thesis was discussed at the College of Administration and Economics at Tikrit University put forward some possible solutions for controlling the price of the dollar, as his thesis came about the role of the central bank and the currency selling window, their role in stabilizing the dinar against the dollar, and the importance of maintaining foreign currency reserves..

 Researcher Ahmed Abdullah Akil told Shafaq News Agency, “The study aims to know and measure the extent of the impact of some of the central bank’s tools in achieving stability in the exchange rate of the Iraqi dinar against the US dollar during the period (2004 - 2022) in order to know the places of imbalance and negatives that hinder achieving Stability of the value of the local currency according to what is appropriate to the nature of the Iraqi economy, as

 the goal of maintaining the value of the local currency was the primary goal of the bank, with the aim of maintaining the price level, which is essentially linked to the exchange rate of the local dinar against the US dollar.

He added,  "The study variables were analyzed and measured according to the (Eviews 13) program, and it was found that there is a positive and significant relationship between some of the central bank's tools as independent variables and the official and parallel exchange rates as dependent variables in the short term, with some negative and positive correlations to some variables in the long term, as

 It was noted that some tools were ineffective in influencing the currency exchange rate, such as the legal reserve, the rediscount rate, and open market operations, but the effect of some of them was limited to inflation.

 He pointed out that "while the effect of the interest rate and the window was positive on the value of the local currency as a result of its reduction in the nominal exchange rate, 

this indicates the ability of the central bank to influence the stability of the exchange rate of the local currency against the foreign currency, especially through the currency selling window throughout the study period,

 except for some In the last years of the study period, the nominal exchange rate rose again, and so did the parallel market, by decision of the monetary authority represented by the Central Bank, for the purpose of confronting public expenditures and confronting the repercussions of the global health crisis related to the Corona epidemic and the accompanying decline in oil prices, which is the main source of the dollar. America because of the rentier nature of the Iraqi economy.”

He continued:  “It was also noted that the gap between the official exchange rate and its counterpart in the parallel market increased due to the increased demand for foreign currency, and the study presented a number of recommendations, the most important of which is   continuing the operation of the window without excessive use of foreign reserves and    diversifying the sources of obtaining foreign currency by pushing the wheel of development and activating the real sector.” Industry and agriculture, in order to achieve a reduction in imports, which reduces the depletion of the currency,

in addition to  tightening control measures to prevent the smuggling of foreign currency and actions that affect the supply of it, which contributes to the stability of the local currency exchange rate.”

He stressed that  "continuing to operate the currency selling window without compromising on foreign reserves, and diversifying the sources of obtaining foreign currency so that the exchange rate does not remain hostage to oil prices as it is almost the only source of obtaining foreign currency."

 He stated that  "advancing the wheel of development in Iraq, activating the real sector, revitalizing industry and agriculture to reduce imports,  relieving pressure on foreign dollar reserves, distancing the Central Bank from political pressures,  granting it the necessary powers to deal with  fluctuations in the economic situation, including  exchange rate fluctuations, and  tightening supervisory measures to prevent foreign currency smuggling." Abroad so as not to affect the supply of foreign currency, and thus the value of the local currency.”    

https://shafaq.com/ar/اقتصـاد/الحفاظ-على-الاحتياطي-ال-جنبي-دراسة-كاديمية-عراقية-تجيب-على-س-ال-استقرار-الدينار-العراقي-مام-الدولار   

The Tanker "Sumer" And The Financial Returns

 Economical 03/26/2024   Walid Khaled Al-Zaidi   The transportation sector is  among the most important elements of the economy and  a fundamental foundation in the development structure of any country that seeks progress and achieving the goals that its people aspire to, especially  when it ossesses     wealth,  means of production, and   manufactured materials to deliver them to distant markets through various means of transportation, including the sea, which is characterized by the ability to transport large quantities of goods. To long distances,

in addition to its low financial costs and its provision of safety in transportation between different ports, despite the long sea distances it travels compared to other means, Iraq is one of the economic centers that need sea transportation to deliver its petroleum crude products to global markets in the East and West and various countries..

The National Fleet for Transporting Iraqi Oil dates back to the year (1972) when the number of its tankers reached (22) tankers,

all of which were destroyed during the senseless wars that harmed Iraq, including the war in (1991) with the international coalition forces to expel the Iraqi army from Kuwait.

However, the Ministry of Oil is seeking Currently, through the Iraqi Transport Company, we are trying to restore the prestige of the fleet and revive its luster once again by contracting with the Norwegian company (Patsurfs Mandal) to build two giant tankers, the first called (Sumer), which has already arrived at the port of Khor Al-Zubair on the Gulf, and the other called (Akd) has not yet arrived, according to a contract. It was signed by the Ministry earlier.

The process of docking the Sumer oil tanker on the banks of the homeland, and the tanker was later confirmed, is a pioneering step taken by the Ministry of Oil with the aim of returning Iraq to the markets of Europe, Far East Asia and South America to transport hundreds of thousands of barrels of crude oil and a qualitative leap towards rehabilitating the fleet of oil tankers,

especially since the Iraqi Transport Company You did not think about contracting to buy these two tankers, but rather contracting with the Norwegian company to build and manufacture them according to purely national designs.

This is on the one hand, and this contract was also concluded with the Norwegian company that is most famous for manufacturing giant tankers in the world on the other hand.

These two things clearly indicate the sound vision of those in charge.

The ministry, which is keeping pace with the objectives of the government program to expand the area of ​​benefiting from the elements of the national economy, should know that the national carrier of Iraqi oil crudes will save approximately one million dollars per month that was spent on leasing oil tankers from outside the country.

When the Ministry of Oil plans to own means of transporting its exports,   it is achieving a promising start towards a comprehensive economic outlook to reduce the costs of selling Iraqi oil,  avoiding its complications, and     getting rid of the conditions and dictates of the owners of international transport companies that charge the country huge amounts of money and reduce the volume of Iraq’s imports from its oil sales over the past decades. billions of dollars,

and that delivering the loads of the produced crude to the farthest seas and oceans is an additional step to diversify the sources of supplying the state treasury with huge sums that can be invested in other projects in effective development areas, in addition to  strengthening the Ministry’s fleet with modern tankers and  giving priority to the national carrier and a serious contribution to revitalizing the vital oil sector and upgrading it. The level of performance of the Iraqi transport company to compete with similar giant international companies.    https://alsabaah.iq/94059-.html    

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

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

More News, Rumors and Opinions Wednesday Afternoon 3-27-2024

TNT:

Tishwash:  Parliamentary Finance: The 2024 budget reached 228 trillion dinars

The Chairman of the Finance Committee in the House of Representatives, Atwan Al-Atwani, announced today, Wednesday (March 27, 2024), the size of the 2024 budget, while noting that it amounted to 228 trillion dinars.

Al-Atwani said in a statement received by "Baghdad Today", "The 2024 budget amounted to 228 trillion dinars." 

On (March 18, 2024), Prime Minister Muhammad Shiaa Al-Sudani chaired a special meeting to discuss the schedules of the federal general budget for the year 2024 .

Al-Sudani’s media office said in a statement received by “Baghdad Today” that “Al-Sudani chaired a meeting devoted to discussing the schedules of the federal general budget for the year 2024, and presenting priorities in the sections of spending and supporting service, economic and social projects, and strategic projects, within the course of the three-year budget (2023, 2024). , 2025  link

TNT:

Tishwash:  Parliamentary Finance: The 2024 budget reached 228 trillion dinars

The Chairman of the Finance Committee in the House of Representatives, Atwan Al-Atwani, announced today, Wednesday (March 27, 2024), the size of the 2024 budget, while noting that it amounted to 228 trillion dinars.

Al-Atwani said in a statement received by "Baghdad Today", "The 2024 budget amounted to 228 trillion dinars." 

On (March 18, 2024), Prime Minister Muhammad Shiaa Al-Sudani chaired a special meeting to discuss the schedules of the federal general budget for the year 2024 .

Al-Sudani’s media office said in a statement received by “Baghdad Today” that “Al-Sudani chaired a meeting devoted to discussing the schedules of the federal general budget for the year 2024, and presenting priorities in the sections of spending and supporting service, economic and social projects, and strategic projects, within the course of the three-year budget (2023, 2024). , 2025  link

Tishwash:  Al-Mandalawi calls on Chinese companies for long-term investments and sustainable cooperation in Iraq

Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, on Wednesday, called on Chinese companies to implement long-term investment projects and sustainable cooperation in Iraq, stressing his support for legislating laws that contribute to the influx of solid companies into the country.

Al-Mandalawi said in a statement received by Shafaq News Agency, during his meeting with a number of heads of Chinese companies, that "Iraq is witnessing competition between major reputable international companies for investment in various fields and sectors."

He stressed "the support of the House of Representatives, through its presidency, its relevant parliamentary committees, and all its members, by legislating laws that contribute to encouraging the flow of sound companies into the country."

Al-Mandalawi called on Chinese companies to "engage in long-term investment opportunities and create joint and sustainable cooperation."

The statement added that during the meeting, the projects that Chinese companies are implementing in the fields of energy, infrastructure, roads, bridges, etc. were discussed, and the rates of achievement achieved in them, as well as the challenges they face.

Al-Mandalawi pledged to overcome these obstacles and address them with the relevant authorities.  link

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

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

Militia Man  Article:  "Investing Iraq's natural wealth is a step towards economic integration". The next step to integration is here. The estimate of $16-17 trillion in stock capital by itself is massive. The legislation has been put in place for Iraq to use their executive authority to partner with the private sector...That will expand their wealth even further. They will be doing exactly what they said they would do and bring purchase power to their citizens and by extension to investors in and of the Iraqi Dinar. The dinar will be stronger than the dollar and Al-Sudani knows it, Al-Alaq, Taif Sami, Fuad Hussein and the whole MCOE knows it, I sure do too! ...No more reliance on just oil is here to stay...

Clare  Article:  "Natural resources in Iraq...a huge treasure neglected by an “official decision”!"  Quote:  unfair government decisions have deprived Iraq of huge billion-dollar revenues...It has natural resources ... such as oil, natural gas, phosphate, sulfur, and other minerals...Estimations indicate the value of Iraqi natural resources reaches up to 16 trillion dollars...this puts Iraq in a distinguished position among the countries of the world rich in natural resources...For example...Iraq’s possession of 9% of the global phosphate reserve, and phosphate exports can generate tens of billions of revenues annually for the Iraqi treasury.

A SYSTEMIC/GLOBAL MELTDOWN IS GOING TO OCCUR... YOU MUST STAY AHEAD OF THE CURVE ON THIS.

Greg Mannarino:  3-27-2024

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

Philly Fed Researches A Gold Standard To See If It Would Stabilize Prices

Arcadia Economics:  3-27-2024

https://www.youtube.com/watch?v=pK7AvjyUwU4

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

Economist's "News and Views" Wednesday 3-27-2024

China Crackdown On Evergrande $78B Fraud, Major US Port Shutdown After Collision Collapses Bridge

Sean Foo:  3-27-2024

China is cleaning house and doing a big crackdown on Evergrande. Regulators have accused the developer of the world's biggest financial fraud and it's indeed massive in scale.

Meanwhile, a tragedy just hit the city of Baltimore. Because of a collision, the Key bridge has collapsed causing a total shutdown of the Baltimore port.

Here's how severe this crisis is and how the US supply chain is affected.

China Crackdown On Evergrande $78B Fraud, Major US Port Shutdown After Collision Collapses Bridge

Sean Foo:  3-27-2024

China is cleaning house and doing a big crackdown on Evergrande. Regulators have accused the developer of the world's biggest financial fraud and it's indeed massive in scale.

Meanwhile, a tragedy just hit the city of Baltimore. Because of a collision, the Key bridge has collapsed causing a total shutdown of the Baltimore port.

Here's how severe this crisis is and how the US supply chain is affected.

Timestamps & Chapters:

 0:00 China's Massive Evergrande Crackdown

 3:07 Developers Collapsed Everything

7:13 Baltimore Port Total Shutdown

9:52 Big Supply Chain Collapse

13:00 New Inflation Crisis Coming

https://www.youtube.com/watch?v=GbkDYZ6TKJg

Vince Lanci: The Dollar's Still King, But Its Throne Is Cracking

Arcadia Economics:  3-27-2024

It''s a strange environment we live in. Where the dollar is the world's reserve currency, yet it continues to lose value, and as a result, a large portion of the world is spending a lot of time trying to figure out alternatives.

And in today's show, Vince Lanci looks at how the dollar is still the king, yet talks about why that status is being questioned, and is going to be diminished over time.

Changes in the international monetary sphere are happening now, and the shifts suggest that 30 or 40 years from now, we'll look back at this period as a pivotal time in the financial landscape.

To understand why, and to be prepared for what's building, click to watch the video now!

https://www.youtube.com/watch?v=QdS59laaoaI

The Fed's Plan to Restart QE - But This Time through Banks

Heresy Financial:  3-26-2024

TIMECODES

0:00 Video Overview

0:34 Historic Debt

 3:21 Reverse Repo Market

5:42 Government Borrowing

 9:12 Supplementary Leverage Ratio Rule-

https://www.youtube.com/watch?v=bo9xrxkbXAg

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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20

"Coffee With MarkZ" Wednesday Morning Chat 3-27-2024

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

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member:  Good Wednesday Morning to everyone

Member: MarkZ Tell us something good,

Member: Any updates from Iraq meetings in Us this week?

MZ: There are some meetings with Iraqi ministers in DC and some at the UN in New York. We will not see Sudani until April 15th…but no part of me thinks they would pull the trigger with him not in his own country.

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

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member:  Good Wednesday Morning to everyone

Member: MarkZ Tell us something good,

Member: Any updates from Iraq meetings in Us this week?

MZ: There are some meetings with Iraqi ministers in DC and some at the UN in New York. We will not see Sudani until April 15th…but no part of me thinks they would pull the trigger with him not in his own country.

Member: IMO Sudani isn’t coming here on 4/15 to raise rates after he leaves….i think he is taking a victory lap because it will RV before he comes.

MZ: That is what I think is going to happen.

Member: I’m 67 today…..Will I get an RV present anytime soon?

MZ:  My gut is screaming somewhere between now and next Wednesday based on what I am hearing from the bond side…..I will probably catch hell for that….but nobody knows the exact timing. I certainly am feeling good about it.

MZ: In Iraq: “ Iraq Central Bank says regulated dollar transactions rising”  what they are saying is while they still have a black market it is reducing  because of banking changes and controls….. This is one thing they told us is necessary before they make a rate change.

​​Member: Doesn't the IRAQ fiscal year start April 1???

Member: Pretty sure they start on Jan 1.  The US fiscal year starts  Oct 1……but most start on Jan 1…..I think  

Member: I salute how well the Iraqis keep a lid on what their plans are or maybe they have no plans .

Member: They keep saying in articles they are about to do something big financially. IMO the Iraqi people will string up the politicians if  they lied to then…..they will take to the streets with protests…….

Member: ​​Alexa last night said that the RV with occur either today or tomorrow according to liquidation of funds. This is the first time it’s responded like that for me.

MZ: I mentioned last night I had a bank story for you all today. One of our members had a friend go to a bank in N. Carolina yesterday. They had a conversation with a branch manager. They talked about an hour on life, currencies, expectations ect…..The Bank manager said they are absolutely prepared for this. He said he knew a lot of banks were avoiding it but they were preparing for it. He said “We don’t know the timing but it could be at any moment” So they were having a very long conversation with a banker that was clued in, plugged in and prepared.

MZ: This banker did say that he did not know if they were going to be redeeming with the equipment and such….unless they have enough customers that have currency …then yes they will provide the necessary equipment and personell….

MZ: He found the thought of a “rainbow currency” fascinating. He was not familiar with it but did a deep dive and said “This is cool” . So very positive meeting. They walked away very encouraged having such a positive meeting with a banker. .

Member: Seems like all the banking stories are coming from Chase banks.

MZ: Yes it looks like the majority are from Chase banks. I get the most positive news from Chase banks…,then HSBC and some Regions banks. And occasionally news from 5th/3rd banks. I am wondering if Wells Fargo has been regulated out of this because of all their shenanagans. But not positive on that yet.

Member: A Wells Fargo Bank manager told me they will be able to exchange me in her bank branch.

Member: Mark, when were you expecting to get potential Reno updates from those that expected “a potential 1% as early as Wednesday?”

Member: Maybe he will have an update by tonight?

MZ: They are expecting their final contracts and 1 % of their funds next week now.

Member: Mark- Which currencies do you consider “rock solid” as opposed to “throw of the dice” as to whether they are redeemable/exchangeable?

MZ: This is my opinion only. I am not giving any financial advice. But I like the dinar, dong, Indonisian Rupiah . Those are what I would go with first…Venezula (bolivar)  is in my top 5 as well.

MZ: “HSBC’s Gold Token goes live for retail investors in Hong Kong” This is a gold backed crypto. This is the banking world accepting the future will be “asset backed”  I think this is a big “tell” for us

Member:  Australian major banks going cashless and digital !!!

Member: Wish we knew what banks will be exchanging us

Member: ​​I found out which banks exchange by just going to their website. All State banks have a major branch with equipment. (ie: National Bank of AZ, NV, NY, etc.) Go look under currency tabs there.

Member: Everyone have a wonderful day…….God Bless

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

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Iraq Economic News and Points to Ponder Wednesday AM 3-27-24

Iraq Economic News and Points to Ponder Wednesday AM 3-27-24

Tlm724 Administrator Bondlady’s Corner

Iraq Warned The US Treasury To Leave The Dollar.” Parliamentary Finance: The Exchange Rate Will Continue To Decline

Politics |Yesterday, 19:45 |Baghdad today – Baghdad   The Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani, confirmed today, Tuesday (March 26, 2024), that Iraq “warned” the US Treasury of the sanctions policy and the possibility of Iraq converting to other currencies if they continued, while indicating that exchange rates would continue to decline.

Al-Atwani said, according to a statement from his media office, received by “Baghdad Today, ”that “the American sanctions on private banks are political par excellence with the aim of putting pressure on the government,” stressing that  “the American Treasury is exerting great pressure on private banks and that the Prime Minister will discuss this file during his upcoming visit to Washington.”". 

He added: "We delivered a message to the US Treasury through the Central Bank of Iraq, that if this policy continues, Iraq will deal in currencies other than the dollar," pointing out that  "Iraq is awaiting an invitation to join the BRICS economic group."

Iraq Economic News and Points to Ponder Wednesday AM 3-27-24

Tlm724 Administrator Bondlady’s Corner

Iraq Warned The US Treasury To Leave The Dollar.” Parliamentary Finance: The Exchange Rate Will Continue To Decline

Politics |Yesterday, 19:45 |Baghdad today – Baghdad   The Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani, confirmed today, Tuesday (March 26, 2024), that Iraq “warned” the US Treasury of the sanctions policy and the possibility of Iraq converting to other currencies if they continued, while indicating that exchange rates would continue to decline.

Al-Atwani said, according to a statement from his media office, received by “Baghdad Today, ”that “the American sanctions on private banks are political par excellence with the aim of putting pressure on the government,” stressing that  “the American Treasury is exerting great pressure on private banks and that the Prime Minister will discuss this file during his upcoming visit to Washington.”". 

He added: "We delivered a message to the US Treasury through the Central Bank of Iraq, that if this policy continues, Iraq will deal in currencies other than the dollar," pointing out that  "Iraq is awaiting an invitation to join the BRICS economic group."

 On the other hand, Al-Atwani explained,   “The committee is currently pressing towards amending the salary scale, and is seeking to resolve it before the end of this year, and is  following up on the file of appointing 2020 lecturers to permanent staff, and  requesting the Ministry of Finance to include their appointment within the Ministry of Education’s allocations for the year 2024,” pointing out that  “The Ministry of Finance is awaiting approval of the budget schedules to launch financing for projects in all governorates.”

 He pointed out that  "Iraq needs to establish a culture of partnership between the private and public sectors in capital, implementation and management according to the principle of service in exchange for interest, and  we must focus on    maximizing non-oil revenues and   developing various productive sectors, instead of excessive reliance on oil, and    our constant emphasis on automating taxes and customs.

" And other government services with the aim of   fighting corruption and  developing 50% of the country’s non-oil imports,” noting that “more than 10 trillion is the state’s loss from tax exemptions.”

Regarding exchange rates, the head of parliamentary finance confirmed that “the  exchange rate will continue to decline according to current data.”

https://baghdadtoday.news/245717-العراق-حذر-الخزانة-الأمريكية-بترك-الدولار.-المالية-النيابية-سعر-الصرف-سيستمر-بالانخفاض.htm

Fiscal And Monetary Policies Succeed In Undermining The Parallel Dollar

 Economical 03/27/2024   Baghdad: Haider Falih Al-Rubaie   The exchange rates of the dollar in the parallel market witnessed a noticeable decline, reaching yesterday, Monday, around 146 thousand dinars per 100 dollars,

a number that specialists believe may decline further in the coming periods as a result of the success of the financial and monetary policies, stressing that the superiority of the official market, represented by the platform for selling the dollar.

The Central Bank, in meeting the needs of foreign trade, led to a decline in the effects of the parallel market for the green currency, while specialists attributed the reasons for this decline to the introduction of the customs automation program (ASYCUDA).

 According to specialists, this decline constituted a positive factor in controlling the prices of goods and materials in local markets.

 They expect inflation rates to decline in the coming periods if monetary policy continues to succeed in meeting foreign trade financing.

In an image that confirms the solidarity of the executive and legislative authorities to confront the effects of the parallel market,

the Parliamentary Finance Committee hosted earlier the Governor of the Central Bank, Ali Al-Alaq, to ​​discuss a number of important files, most notably the   procedures for addressing the large gap in the sale of the dollar between the official price and the parallel market, as well as   foreign trade remittances. Through (the platform).”

 Al-Alaq indicated during the hosting that there were ongoing meetings with the US Treasury, and

 it was agreed to reconsider the sanctions imposed on Iraqi banks, and that  such decisions should not be issued in the future except after discussing and informing the Central Bank of Iraq, as it concerned with monitoring its activity.

In the midst of this, the financial advisor to the Prime Minister, Dr. Mazhar Muhammad Salih, believes that  “economic policy played a major role in imposing a climate of stability in the general level of dollar exchange rates,” indicating that

 “the state of superiority of the official exchange market in financing Iraq’s foreign trade caused a decline in the effects of the market.” Parallel and receding Its illegal activities.

Saleh pointed out to the Iraqi News Agency “INA” that “the decline in the parallel market rates in favor of the official exchange rate is a tangible success in the cohesion of the country’s economic policy in its three aspects:

 financial,     monetary and     commercial,” pointing out that  “the work and high coordination of policies led to providing an incubator of stability embodied in   relative price calm and  containing seasonal price fluctuations for high-demand items,

specifically   providing basic goods related to consumption and daily living for citizens,” noting “the importance of using the customs policy, which was  represented by (reducing customs tariffs and diversifying imports without quantitative limits for basic and necessary goods)    as part of the performance of the financial policy in providing stability.”

price and   guarantee the supply of food and essential goods and production supplies at the official exchange rate and in accordance with the requirements of the national economy.”

 Confirming the views of the government advisor, the economic expert, Manaf Al-Sayegh, pointed out that “the existence of coordination measures between the financial and monetary policies indicates the presence of a sound reading among the pillars of the Iraqi economy, and that the strategy that was developed to enhance the value of the dinar has begun to bear fruit.”

However, Al-Sayegh, during his talk to “Al-Sabah,” urged the necessity of knowing the real measures that led to the decline in the parallel exchange rate to ensure its sustainability during the coming periods,

with the aim of absolutely controlling the green currency and preventing its rise again, stressing that

 this decline in the exchange rate could achieve a number of economic gains,

The most prominent of which is   controlling the prices of goods and materials in local markets, and     reducing the rise in inflation rates during the coming periods, and therefore this is in the interest of Supporting individual economics.

Al-Sayegh pointed out that the past few days witnessed a clear decline in the demand for the dollar in the parallel market, which led to a decline in its exchange rate,  indicating that the decline in demand resulted from meeting the needs of financing foreign trade by the Central Bank, and

 therefore the dinar can gain a lot during the coming periods if it is filled. Most of the external financing needs of the private sector.

 In turn, the specialist in economic affairs, Dr. Ali Daadoush,  attributed controlling the exchange rate and reducing it in the parallel market, to the recent measures represented by the introduction of the Customs Data Automation Program (ASYCUDA) system, stressing that

 this important government measure is an essential part of reducing the rise in the price of the dollar in Parallel market.

 Dadoush also believes during his talk to “Al-Sabah” that “this decline will positively affect the level of per capita income,  and will also push people who hoard the dollar to give it up and sell it, which could contribute to the continued decline in the exchange rate, indicating at the same time that

 this decline in the currency Green prices will ultimately lead to a positive effect of controlling the prices of some goods necessary for the individual, while

 the rest of the goods, especially luxury goods, will remain high as a result of their connection to global prices, which are high mainly as a result of global inflation.   https://alsabaah.iq/94155-.html    

 

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

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