Dinar Recaps Blog Page — Dinar Recaps (2024)

Iraq Economic News and Points To Ponder Saturday Afternoon 6-22-24

Parliamentary Economy Explains...Does The Fluctuation Of Oil Prices Affect The Economy Of Iraq?

Money and business Economy News – Baghdad The Parliamentary Oil and Gas Committee confirmed today, Saturday, that the fluctuation in oil prices does not affect the Iraqi economy.

Committee member Ali Saadoun Al-Lami said, “The 2023 budget tables came to the House of Representatives when a barrel of oil was calculated at 74 dollars.”

Al-Lami added, “There are 10 moving dollars on the price of a barrel, so the rise or fall of oil prices does not affect the economy.” 06/22/2024 - https://economy-news.net/content.php?id=44491

Adviser To The Prime Minister To Nina: The Government Is Seeking New, More Effective Mechanisms To Reduce Corruption

Saturday 22, June 2024 17:12 | Political Number of readings: 120

Baghdad / NINA / An advisor to the Prime Minister confirmed that the government is seeking to find new oversight mechanisms to reduce and prevent corruption.

Muayyad Al-Saadi, Advisor to the Prime Minister for Oversight and Integrity Affairs, stated in a statement to the National Iraqi News Agency ( NINA ), that “

the directives of Prime Minister Muhammad Shia Al-Sudani to the regulatory bodies, led by the Federal Integrity Commission, crystallized into preparing a national strategy in consultation with the Federal Financial Supervision Office, where There is a process of organizing and evaluating quarterly and annually for the purpose of avoiding and addressing negatives.”

He added, "The Integrity Commission is now embarking on preparing the national strategy in a systematic, practical and objective manner to prevent and reduce corruption practices, after it has made important strides with the national anti-corruption strategy for the years 2021-2024, which has resulted in reducing the practices and phenomena of corruption in government institutions." .

The Prime Minister’s advisor stressed, “The Integrity Commission, with the participation of the supervisory bodies and the Federal Financial Supervision Bureau, seeks to find new and effective mechanisms that will reduce and prevent corruption, as well as reduce the phenomena and practices of corruption in all government joints and institutions.”/End 5

https://ninanews.com/Website/News/Details?key=1133548

Communications: Iraq Succeeds In Regaining Its Membership In The Universal Postal Union

Posted On06-22-2024 By Sotaliraq Minister of Communications Hiyam Al-Yasiri announced Iraq's success in regaining its membership in the Universal Postal Union.

A statement from the ministry said, “Minister of Communications, Hiyam Al-Yasiri, announced Iraq’s success in restoring its membership in the Universal Postal Union, after it had been canceled as a result of previous administrations’ failure to pay Iraq’s financial contributions to the union, which resulted in a huge debt that led to the cancellation of Iraq’s membership in the union.” In addition to the accumulation of financial interest as a result of late payment of these debts.”

He added, “The Minister’s continuous follow-up, guidance, and direct supervision resulted in the achievement of this material and moral achievement for Iraq, thanks to the support of Prime Minister Muhammad Shiaa Al-Sudani, and the tireless and persevering efforts made by the Director General of the Postal and Savings Company and the company’s staff,”

stressing that “dedicated communication was made with most of The administrations of countries around the world to convince them to vote in favor of returning membership to Iraq, and to drop the delay benefits resulting from its debts.”

Al-Yasiri stressed, according to the statement, “that she will continue implementing the strategy she adopted to restore the effectiveness of the Iraqi post, restore citizen confidence in government mail again, and bring it into every Iraqi home.” LINK

Basra Crude Recorded New Gains Over The Past Week

Economy | 09:32 - 06/22/2024 Follow / Mawazine News.. Basra crude recorded gains last week of more than 3%, with global oil recording strong weekly gains for Brent and West Texas Intermediate crude.

Basra Heavy crude closed in its last session yesterday, Friday, at an increase of 49 cents, reaching $82.71, and recorded weekly gains of $3.27, equivalent to 3.23%.

While Basra Average crude closed in its last session at an increase of 49 cents, reaching $85.56, and also recorded weekly gains amounting to $3.27, or the equivalent of 3.30%.

Global oil prices fell by 1% at the end of trading yesterday, Friday, but recorded strong weekly gains for Brent and West Texas Intermediate crude oil.

Brent crude recorded weekly gains of 3.1%, while West Texas Intermediate crude recorded weekly gains of 3.4%. https://www.mawazin.net/Details.aspx?jimare=250029

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

Provoking Thoughts and Points To Ponder On Adversity:

If you have to be careful because of oppression and censorship, this pressure produces diamonds. -Tatyana Tolstaya

Adversity is another way to measure the greatness of individuals. I never had a crisis that didn't make me stronger.-Lou Holtz

It is not in the still calm of life, or the repose of a pacific station, that great characters are formed. ... Great necessities call out great virtues.-Abigail Adams

Of all the advantages which come to any young man ... poverty is the greatest. -Josiah G. Holland

My luck was my father not striking oil... we'd have been rich. I'd never have set out for Hollywood with my camera, and I'd have had a lot less interesting life. -King Vidor

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

http://famousquotesandauthors.com/quotes_by_topic.html

TNT:

CandyKisses: Finance: Direct distribution of current expenses, revenues and investment projects for 2024

Economy News - Baghdad

The Ministry of Finance announced today, Saturday, the distribution of estimates of current expenses, revenues and investment projects for 2024.

The ministry stated, in a statement received by "Economy News", that "the estimates of current expenses, revenues and investment projects for the year 2024 were directly distributed in the public year of the state."

She added that "the Budget Department in the Ministry of Finance calls on all ministries, governorates and entities not associated with a ministry to send their authorized on tomorrow, Sunday, June 23, 2024, for the purpose of receiving estimates of current expenses, revenues and investment projects for the current year, and approved by the House of Representatives according to parliamentary decision No. (64) of 2024 and the headquarters in its session numbered (27) on June 3 of this year."

Tishwash: Saleh: The tripartite budget gave the government flexibility to implement its medium-term plans

The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the Federal General Budget Law No. 13 of 2023 (the tripartite budget) granted the executive authority high flexibility in implementing the state’s medium-term financial plan for the years 2023, 2024, and 2025.

Saleh told {Al-Furat News} agency, “In implementation of the provisions of Article 2/77 of the law above, which stipulates that the government shall submit financial schedules related to expenditures, public revenues, and the planned deficit for the fiscal years 2024 and 2025, in order to provide a flexible space that allows for the implementation of the general budget in an efficient and reliable manner.” In accordance with the constants stipulated in Law No. 13 mentioned above.”

He pointed out that "the matter relates to the schedules for the fiscal year 2025 and the possibilities of approving expenditures that may arise in the next fiscal year, or the exhaustion of other expenditures whose deadlines have expired in terms of timing, or the expiration of expenditure commitments and the replacement of new commitments for expenditures during the next fiscal year

And in appreciation of the circ*mstances surrounding the economy." Overall, the Federal Ministry of Finance, as a supreme financial authority, in cooperation with the Ministry of Planning (which is the ministry concerned with development projects and overall investment spending), will undoubtedly undertake to provide the necessary adjustments in the financial tables that will be presented for the year 2025 so that they can be studied, starting with the Ministerial Council for the Economy and in accordance with the contexts stipulated by it.

Federal Financial Management Law No. 6 of 2019, as amended, then the financial tables in question receive the approval of the Council of Ministers, so that they can be approved in the House of Representatives.”

At the same time, Saleh noted that “there is high and continuous coordination between the parliamentary finance committee concerned with following up and monitoring financial developments in the country and in accordance with the constitution, and between the plans, programs and mechanisms adopted by the financial authority in implementation, which are mutual constitutional guarantees to achieve the country’s supreme interests in development and economic stability.” "To the fullest extent." link

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Tishwash: Finance begins distributing estimates of current expenditures, revenues, and investment projects for 2024

Today, Saturday, the Ministry of Finance announced the start of distributing estimates of the state’s current expenditures, revenues, and investment projects for the year 2024.

A Finance statement received by Al-Rabaa stated, “The Budget Department calls on all ministries, governorates, and entities not affiliated with a ministry to send their authorized representatives tomorrow, Sunday, for the purpose of receiving estimates of current expenditures, revenues, and investment projects for the current year, approved by the House of Representatives, according to what was stated in Parliamentary Resolution No. (64). ) for the year 2024 and was held at its session numbered (27) on June 3 of the current year.

a different version

The Ministry of Finance announced today, Saturday, the start of distributing estimates of current expenditures, revenues and investment projects for the year 2024.

The Ministry stated, in a statement, a copy of which was received by Al-Mustaqila, that “the state has begun distributing estimates of current expenditures, revenues, and investment projects for the year 2024 to the state.

She added, “The Budget Department ofthe Ministry of Financecalls on all ministries, governorates, and entities not affiliated with a ministry, to send their representatives tomorrow, Sunday, June 23, 2024, to receive estimates of current expenditures, revenues, and investment projects for the current year, which were approved by the House of Representatives in accordance with Parliamentary Resolution No. (64) of 2024, adopted at its session numbered (27) on June 3 of the current year.”

This step comes as part of the government's efforts to improve financial planning and ensure a fair distribution of resources in a way that enhances the quality of public services and contributes to achieving sustainable development inall regions of Iraq. link

Weekend News with MarkZ

Some highlights by PDK-Not verbatim

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

MZ: We spend the first part of the show with thecbdgurus having fun, then dive into some news at 10:30 am around the 45-minute mark.

Member: Good Morning – hope everyone has a great weekend.

Member: Remember that old Bloomberg video that said -“Theres a certain point….At midnight on some Saturday night European Central time….they are going to announce it…heres the menu of the new exchange rates and have a nice Monday., Could this be the Saturday Night we have been waiting for???,

MZ: Everything remains positive. But there was a painful lack of news overnight.

Member: Any banking contact update?

MZ: No I do not have an update from them on what to expect on the 23rd. I am kinda surprised because they have been in meetings. I tried to reach out but hitting a brick wall.

MZ: Maybe the bankers signed NDAs about the events to happen on the 23rd?

MZ: A bank story: A little state bank in Texas …A member asked a teller if there was a new bank system….and was told “could be” and then when asked if they exchanged foreign currency…they said “yes, we will be” this is interesting from a smaller state bank. Seems more and more banks are reporting massive changes.

Member: TNT Tony says 99 % rv this weekend

MZ: I hope he is correct.

Member: Is the 1% of money paid to the Bondholders fiat or gold backed money?

MZ: Any thing they have now, presently is in fiat.

Member: Imagine 10 days of darkness with no AC in this heat!!!

Member: Supposedly just the social media sites will go dark…not electricity

MZ: …there is no part of me that thinks they shut down electricity in the 10 days of darkness. Not worried about that at all.

Member: Hopefully Sudani gets things done shortly

Member: I am amazed what Sudani has done in 18 months

Member: Militia Man & crew had a good one yesterday. It’s coming

MZ: It is totally coming

Member: Mark, how much lead time do you think that you will get over the general announcement?

Member: Mark how do you stay positive about the RV with all the cry wolf for 20+ years? I just don't see it happening anymore. lost hope

MZ: Just because it hasn’t happened yet, doesn’t mean it’s not happening. You can always put your currency on the shelf and be surprised when it does happen. If you study history- you will see that when fiat crashes …we can get close on timing…..but do not know the exact timing. All we can follow is the fundamentals. It will happen though.

MZ: This cycle has happened many times in our past. It happened with Rome…when it fell. They were clipping coins, they went to fiat using written letters….Same thing happened with England when they were the dominate currency. It happened in Spain. We have seen this happen before and with every one of them, debt forgiveness goes with it. We are watching history play out.

MZ: “Monetary Metals offers a silver bond for the first time in over 150 years” I find this one interesting. Central banks stopped accumulating silver in the mid 1850’s when the world moved off the silver standard by the early 1870s. This metal is still a important tool for wealth protection. This is the free market picking up where the government and central banks are failing. When the US dollar explodes the free market will find a way to correct for it.

Member: Mark – how do you stay positive when there is no RV news?

MZ: You have it backwards because …..there is no negative news. There is nothing telling us it isn’t moving forward anymore.

Member: Remember how far you've come, not just how far you have to go.

Member: “Gold is money. All else is credit.” JP Morgan

Member: Full Restoration to ALL who are ill or Suffering. Hang in there better days are coming.

Member: Enjoy Your Weekend Everyone! Happy Birthday to those celebrating!

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

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

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

​TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com

STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

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

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

ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

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

https://www.youtube.com/watch?v=PZOX2JU-uJo

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

Global Currency Reset: (Rumors/Opinions)

Fri. 21 June 2024 Wolverine member: “Hi Wolverine, my friend who is a HSBC bank manager here in Australia for the RV just told me that he was on callfrom now all weekend.”

Wolverine:“They were expecting for the funds to be released yesterday but it was cancelled. It looks like we are going to have our celebration on the weekend. It’s going to be a shotgun start.”

Fri. 21 June 2024 MarkZ:“Lots of anticipation forthis weekend.Two different bank contacts from two different states said they areon one hour call for this weekend.”

Fri. 21 June 2024 TNT Tony Call:

“Everything is ready to go. All the Banks had more meetings this week and were told the same briefing. Banks were told there was a 99% chance thatit would go public tonight, or this weekend.Everyone is excited aboutthis weekend. Our first opportunity islater today, or we will see it this weekend.They are working extended hoursthis weekend.”

Tony’s bankers went in at 5:00am today in anticipation for something to happenthis afternoon, which still could happen at any moment. As of right now, our first opportunity is after 4:00pm today or anytime over the weekend.

Bank contacts in FL, NY, Chicago and Indianaadvised that they had all received massive amounts of money, in preparation for this to occur.

Banks advised that there will be security in the parking lots, as well as inside of the banks. “Some people” told Tony that it started 2 days ago, and that it “just hasn’t gotten to us yet.”

Regional banks advised that it has started for them, and that as of yesterday, people who had SKR funds pending were supposed to “be showing live” in their accounts.

The “technical issues” from last Friday were apparently still missing a component, which has now been resolved. The electronic and physical issues were previously satisfied, however, satellite transmission capabilities for fund transfers are now complete.

Bank staff have been informedthat they will be working extended hours this weekend.

There is no “fussing or fighting” in Iraq, there has been no mention of the budget, the only issue being reported on, is their focus on recovering the stolen money.

Tony advised that a contract rate of $28.50 for the Dinarshould be available to those who ask for it.

Tony was asked how certain he was,that this was finally our weekend and his response was “99%.”

Tony received a text during the callwhich made him laugh, and he stated that “the word is, that the sooner we get off the phone, the sooner things get started.”

~~~~~~~~~~

Global Financial Crisis:

Fri. 21 June 2024: President Putinsays over 60% of trade between Russia and Vietnam is now conducted without the US Dollar and Euro.

Read full post here: https://dinarchronicles.com/2024/06/22/restored-republic-via-a-gcr-update-as-of-june-22-2024/

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

Frank26 [Iraq boots-on-the-ground report] FIREFLY: International finance team is on the television channel one...They're saying the economic reform is Iraq is at an increasing rate and we have invested over $2 billion in this Iraq. FRANK: This is the international finance community. They all know what's going on. When they say your economic reform has increased...what they're talking to you about without saying it because they cannot, is the float.

Bruce [via WiserNow] We know that there's a lot going on behind the scenes. One of our bankers - Wells Fargo said, Just hang in there...just hang in there a couple more days...So I'm excited...we will be able to look back at years of waiting and say, it was worth it.

End of Petrodollar? Start of a New Monetary Order? Can This Be Stopped? – Andy Schectman

Kitco News: 6-21-2024

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Andy Schectman, President and Owner of Miles Franklin Precious Metals, who discusses the idea that the era of paper money might be over.

Schectman weighs in on whether this is the start of a new monetary order, whether it can be stopped, and who is behind the plan to “reset” everything.

He also gives his outlook on gold and Bitcoin.

https://www.youtube.com/watch?v=89rrMXU5b8U

Iraq Economic News and Points To Ponder Late Friday Evening 6-21-24

Saleh: The Tripartite Budget Gave The Government Flexibility To Implement Its Medium-Term Plans

Time: 06/21/2024 15:35:33 Read: 1,794 times {Economic: Al-Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the Federal General Budget Law No. 13 of 2023 (the tripartite budget) granted the executive authority high flexibility in implementing the state’s medium-term financial plan for the years 2023, 2024, and 2025.

Saleh told {Al-Furat News} agency, “In implementation of the provisions of Article 2/77 of the law above, which stipulates that the government shall submit financial schedules related to expenditures, public revenues, and the planned deficit for the fiscal years 2024 and 2025, in order to provide a flexible space that allows for the implementation of the general budget efficiently and on a budget.” In accordance with the constants stipulated in Law No. 13 mentioned above.”

He pointed out that "the matter relates to the schedules for the fiscal year 2025 and the possibilities of approving expenditures that may arise in the next fiscal year, or the exhaustion of other expenditures whose deadlines have expired in terms of timing, or the expiration of expenditure commitments and the replacement of new commitments for expenditures during the next fiscal year, and in appreciation of the circ*mstances surrounding the economy."

Overall, the Federal Ministry of Finance, as a supreme financial authority, in cooperation with the Ministry of Planning (which is the ministry concerned with development projects and overall investment spending), will undoubtedly undertake to provide the necessary adjustments in the financial tables that will be presented for the year 2025 so that they can be studied, starting with the Ministerial Council for the Economy and in accordance with the contexts stipulated by it.

Federal Financial Management Law No. 6 of 2019, as amended, then the financial tables in question receive the approval of the Council of Ministers, so that they can be approved in the House of Representatives.”

At the same time, Saleh noted that “there is high and continuous coordination between the parliamentary finance committee concerned with following up and monitoring financial developments in the country and in accordance with the constitution, and between the plans, programs and mechanisms adopted by the financial authority in implementation, which are mutual constitutional guarantees to achieve the country’s supreme interests in development and economic stability.” "To the fullest extent." LINK

A Financial Expert Answers The Question: Why Are Iraq's Financial Reserves Not Increasing?

June 21, 2024 Baghdad/Iraq Observer Today, Friday, financial expert Mahmoud Dagher explained the reasons for not increasing Iraq’s financial reserves despite the rise in oil prices, in a blog he published in the “Iraq Observer” group on “WhatsApp,” in which

he stressed that Iraq’s financial reserves are not measured by their absolute size, but rather by their adequacy according to... For two basic indicators.

The first is the adequacy of reserves to cover imports without any exports, as

it is estimated that Iraq has sufficient reserves to cover its imports for up to 12 months, which is an excellent level.

The second is the coverage of foreign reserves of exported cash, which shows that the ratio is more than one, which is also considered good.

He added that although Iraq's financial reserves exceeded the $100 billion barrier,

these reserves are not increasing significantly due to two main factors.

The first is the rise in the central bank's daily sales to about $300 million to cover imports.

The second is the increase in public spending, especially the salary bill, which includes retirement, subsidies, and social care, which is approaching 100 trillion dinars.

Dagher stressed that the adequacy of reserves is good, but

relying on the oil economy alone poses a risk due to the possibility of a decline in oil prices.

He pointed out that the only solution for Iraq lies in diversifying sources of income and reducing spending, especially operational spending.

Without these reforms, Iraq cannot achieve sustainable economic stability that depends on employment, subsidies, and permanent support.

It is worth noting that Dagher is a distinguished financial expert who previously held the position of Director General at the Central Bank of Iraq. https://observeriraq.net/خبير-مالي-يجيب-على-تساؤل-لماذا-لا-ترتفع/

Economic Clarification: Why Do Iraq’s Reserves Not Rise Despite The Rise In Oil Prices?

Money and business Economy News – Baghdad Today, Friday, economic expert Mahmoud Dagher explained the reasons for the failure of Iraq's financial reserves to increase despite the rise in oil prices, while stressing that the country has no hope except by diversifying its output and pressuring spending, especially operational.

Dagher said in an interview with Al-Iqtisad News, “Reserves are not measured by size, but by adequacy, and there are two indicators of adequacy: the adequacy of reserves to cover imports without any exports, and I believe that it reaches Iraq with the existing reserve remaining for approximately 12 months, which is an excellent coverage of foreign reserves for exported currency.” ".

He added: "If we want to answer the question of why the reserves, which exceed 100 billion, do not increase despite the rise in oil prices, this is due to two reasons. The first is direct and is the result of the Central Bank’s sales rising to 300 million dollars per day to cover imports."

He pointed out, "The second reason is indirect and results from the increase in public spending, especially the salary bill, which, along with retirement, subsidies, and nationals, has reached close to 100 trillion."

The economic expert stated, "The adequacy of reserves is good; since Iraq is an oil economy, it is difficult to rely on adequacy alone due to the possibility of a decline in the price of a barrel."

160 views Added 06/21/2024 - https://economy-news.net/content.php?id=44468

Including Iraq.. The World Bank: 9 Major Countries Account For 75% Of Gas Burning

Energy Economy News - follow up A World Bank report confirmed that oil companies around the world burned the largest amount of natural gas associated with oil production last year in five years.

With only six years remaining to achieve the World Bank's goal of stopping spontaneous flaring of gas associated with oil production, companies burned an estimated 148 billion cubic meters of gas in 2023, an increase of seven percent from 2022, despite crude oil production rising only one percent during the same period. Period.

Natural gas is usually produced by oil exploration, and some companies choose to burn this gas instead of capturing and storing it because providing the necessary infrastructure to deal with it is not commercially viable.

The World Bank’s Global Monitoring Report on Spontaneous Gas Flaring stated that the growth in gas flaring has erased the effect of the reductions achieved in 2021 and 2022, and added that “global efforts to reduce spontaneous flaring of gas associated with oil production are not sustainable and there is a need to take urgent action.” ".

Eliminating this practice would reduce at least 381 million tons of carbon dioxide equivalent from harmful emissions released into the atmosphere.

ne major oil-producing countries account for 75 percent of gas flaring and 46 percent of oil production.

These countries are Russia, Iran, Iraq, the United States, Venezuela, Algeria, Libya, Nigeria and Mexico, according to the order of the quantities of gas burned.

The report stated that Algeria and Venezuela reduced spontaneous combustion, but these gains were eroded by Iran, Russia, the United States, Libya and other countries.

The World Bank, in cooperation with the Colorado School of Mines in the United States, relied on data from satellites to calculate spontaneous combustion data. Views 181 06/21/2024 - https://economy-news.net/content.php?id=44460

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

Provoking Thoughts and Points To Ponder On Adversity:

If you have to be careful because of oppression and censorship, this pressure produces diamonds. -Tatyana Tolstaya

Adversity is another way to measure the greatness of individuals. I never had a crisis that didn't make me stronger.-Lou Holtz

It is not in the still calm of life, or the repose of a pacific station, that great characters are formed. ... Great necessities call out great virtues.-Abigail Adams

Of all the advantages which come to any young man ... poverty is the greatest. -Josiah G. Holland

My luck was my father not striking oil... we'd have been rich. I'd never have set out for Hollywood with my camera, and I'd have had a lot less interesting life. -King Vidor

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

http://famousquotesandauthors.com/quotes_by_topic.html

10 Signs You’re Financially Secure

Nicole Spector nFri, June 21, 2024

Financial security: What exactly is it? Essentially, it means you’re not only getting by, but getting by comfortably. Surveys have shown that most Americans do not feel financially secure, and it’s understandable why that’s the case. Wages aren’t keeping up with rising costs of living, inflation is still bullying our bank accounts and companies across sectors are carrying out mass layoffs.

Though it makes sense why you may be feeling financially insecure, it’s important to truly understand what financial security entails so that you can determine if your feeling is aligned with your reality.

Stephen Kates, CFP, principal financial analyst at RetireGuide.com and Annuity.org, walked us through the 10 key signs that indicate you’re financially secure.

You Have a Robust Emergency Fund

Expert recommendations for how much you have in your emergency fund vary. The most common suggestion is to have three to six months of living expenses at the ready, but you may want to listen to financial guru Suze Orman, who recommends keeping eight to 12 months’ worth of essential expenses in an emergency fund.

You may also want to factor in how many streams of income your household has.

“The more sources of income your household has, the less you may need to keep in an emergency fund,” Kates said. “If there are two or more income sources, either two jobs or a dual-income household, you can begin to reduce your emergency savings.”

Again, though, the more prepared you are, the better!

You Spend Less Than You Earn

Even millionaires know the importance of spending less than they earn. It’s a key trait of financial security and, in fact, ensures future financial security.

“If you spend every penny, you live on the precipice of financial troubles,” Kates said. “As the saying goes, ‘It’s not what you make; it’s what you keep.'”

You Contribute to a Retirement Account

Kates pointed out that retirement accounts — 401(k)s, 403(b)s and IRAs — are essential to setting yourself up for financial security in your golden years. If you are contributing the necessary amount to these funds, you have one of the telltale signs of financial security.

You Invest and Diversify

If your retirement funds and excess savings are invested into a diversified strategy, you’re also exhibiting a sign of financial security.

“Contributing money toward an account isn’t enough to beat inflation long-term,” Kates said. “Putting your money to work by investing in the market is essential for long-term growth.”

To Read More:

https://www.yahoo.com/finance/news/10-signs-financially-secure-170028446.html

KTFA

Friday Night Conference Call

FRANK26…6-21-24…..THIS IS YOUR ATM

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#

https://www.youtube.com/watch?v=B0OOggZyCmg

IQD Update - Iraq Dinar - Investment Law - Implementation Tripartite Budget - Race Against Time -

MilitiaMan and Crew: 6-21-2024

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

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

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

Friday Evening News with MarkZ

Some highlights by PDK-Not verbatim

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

Member: Welcome to another weekend of waiting.

Member: Any news today Mark?

MZ: There is a lot of anticipation for this weekend. Bank/Redemption contacts say they are on call this weekend…and have an hour notification time. They have one hour- if called to go in. This was from 2 different contacts from 2 different states that said the same thing. This is very positive.

Member: What about something happening with banks on the 23rd???

MZ: It’s been constant this week about something happening on the 23rd. Is it big? Is it a nothing burger? Are they announcing a free toaster with checking accounts? What is it?

Member: Another intel provider also said his contacts at redemption centers is on a one hour call this weekend.

MZ: I hope this weekend they finally get to work and not just have to spend the weekend close to home for no reason.

Member: TNT says 99 % it should go this weekend.

Member: ???? Mark any thoughts on how the change to US going to asset back currencies is going to be announced? AND does it need to be announced before we get our appointments?

Member: Great question

Member: So Venezuela joined BRICS?

MZ: Yes, and it certainly moves another enormous chunk of commodities out of the hands of the West.

MZ: “Venezuela About to join BRICS-Official” This news story is dropping out of Iran. Venezuela and all its resources are on the doorstep to joining BRICS! She said “Her country has the largest fuel deposits with daily production of 3 million barrels of oil. Their reserves are enough for 3 centuries “ She said. .” Pus natural gas, Iron , coal gold and diamonds. “

Member. My daughter contacted a man at her Chase bank. Asked about the Dinar and found out he had to give his Dinar to a family member in order to rehired by the bank

Member: Thank you MarkZ, mods, we appreciate you !

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

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

​TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com

STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

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

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

ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING AT 9:45 AM EST. CBD MATT & LUCAS WILL BE JOINING!

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

Western Empire Facing Same Collapse as Rome in its Final Days: Martin Armstrong

Commodity Culture: 6-21-2024

Martin Armstrong sees striking similarities between the multitude of crises that plague the modern world and the conditions just before the fall of the Roman empire.

Martin argues that endless debt issuance, wars for profit, unchecked migration, and rampant political corruption are setting the stage for a future where many Western countries cease to exist as we know them.

00:00 Introduction

01:28 Everything is Connected

10:54 Political Shift to the Right

20:52 New BRICS Payment System

24:29 172 Year Revolutionary Cycle

34:01 The Migrant Crisis and Rome

40:12 Socrates

47:18 How Can We Use This to Invest?

https://www.youtube.com/watch?v=h5JR3H7mpTg

THE WORLDWIDE ECONOMIC FREEFALL ACCELERATES... AND THIS IS WHAT'S COMING NEXT.

Greg Mannarino: 6-21-2024

https://www.youtube.com/watch?v=bJD0P0c5rpw

Rafi Farber: When the Yen Falls, So Does the Whole Keynesian System

Arcadia Economics: 6-21-2024

Back in May we heard that the Bank of Japan spent $62B defending the yen.

It didn't work too well, with the yen right back at 34 years lows and threatening to break them any minute now, perhaps by the time you're watching this.

Speaking of $62B, this week we heard that a Japanese bank called Norinchukin is selling about the same amount in underwater bonds, thanks to higher for longer interest rates, which aren't having much of an effect blunting price inflation anyway.

It just so happens that Japan is the single largest holder of US Treasurys in the world, at a gargantuan sum of $1.15 trillion.

No wonder Japan's is the first foreign banking system to be directly affected by high dollar interest rates.

The Keynesian experiment is unraveling fast now, while silver holds over $30.

Rafi Farber still believes we are in for one last global banking crisis, after which silver will, during a brief period of monetary panic, become money directly once again.

To find out more, click to watch the video now!

https://www.youtube.com/watch?v=-lvtizmX17Y

KTFA:

Clare: Al-Moussawi: Election of a new speaker of parliament will accelerate the legislation of the oil and gas law

6/20/2024

Member of the Parliamentary Oil Committee, Zainab Al-Moussawi, announced the election of a new Speaker of Parliament who will expedite the legislation of the oil and gas law.

Al-Moussawi told {Al-Furat News} that: “Until now, there are no indications from the Sunni blocs to agree on a candidate for the presidency of the Iraqi parliament, due to the {Sunni-Sunni} differences and the splits that occurred within the Taqadum Party headed by Muhammad al-Halbousi.”

She pointed out that "in the event of a Sunni agreement, the vote will take place immediately after the end of the legislative term holiday, as the Shiite and Sunni political blocs are ready to vote."

Al-Moussawi confirmed, “The vote of members of Parliament on choosing a new candidate for the presidency of the Council will accelerate the approval of the suspended laws, including the oil and gas law, as the law within the committee is largely mature.”

Ragheed LINK

Clare: IBBC Spring Conference 2024
The Mansion House, London

2 July 2024

IBBC’s (Iraq Britain Business Conference) 15th Anniversary Conference:Iraq’s ‘Opportunities and Insights’

This is a big year for Iraq and IBBC as we celebrate our 15th anniversary and Iraq moves into a new prosperous and stable phase. As advocates for the private sector in Iraq, IBBC champions best practice, through our special reports and white papers for reform, and encourages the government of Iraq to modernise its systems and ministries to accommodate International best practice within Iraq.

‘Insights and Opportunities’ reflects the evolution of the Iraq economy and the mechanics and reforms that the country is undertaking, as the largest forum for discussion of Iraq’s challenges and opportunities.

About the Conference:

Opening the conference the President of the Confederation of British Industry (CBI)MrRupert Soames OBEwill give a keynote speech from the British industrial perspective, and as a previous member of IBBC is well placed to comment of UK’s business relationship and opportunities with Iraq.

Of note is the presence of key delegates:H.E. Hayan Abdul Ghani Al-Sawad, Deputy Prime Minister & Minister of Oil, Ministry of Oil,H.E. Dr Mohammed Shukri,Chairman of the Kurdistan Investment Board,Dr Fareed Yasseen,Iraqi Climate Envoy,Eng Adil Karim,Deputy Minister of Electricity, KRG ministers and keynote address fromAlderman Barr, The Rt Hon the Lord Mayor’ Representative,The Rt Hon Lord Howell of GuildfordandBaroness Nicholson of Winterbourne,IBBC President.

Delegates will hear the latest report fromProfessor Frank Gunteron Foreign exchange and banking reforms the impact of dollar controls and how this might resolve, and to hear directly from Government minsters, including the Deputy Governor of Iraq’s Central Bank,Dr Ammar H. Khalaf, on the procurement opportunities across key sectors, such as agriculture, education, finance, transport, and regional development at special roundtables including for KRG and finance.H.E. Mr Asaad Al Eidani,Governor of Basrah, will be joining a panel and special Basra roundtable, as will Kurdish ministers at a KRG roundtable, chaired byMr Jonathan Wilks, Oxford Centre for Islamic Studies

The Iraqi economy is quietly diversifying, with the evolution of services, travel, tech, and retail sectors, but the dominant energy sector is also evolving, with new players technologies and climate reduction activities. Oil and Gas are still at the centre of this conference and Iraq’s economy, with theEnergy Panel,which see the big players in energy policy and practice includingEng Adil Karim,Deputy Minister of Electricity;DrLuay Al Khateeb, Centre on Global Energy Policy – Columbia University, Ms Dunia Chalabi,TotalEnergies,Mr Zaid ElyaserifromBP, Mr Andrew Wiper fromBasra Gas Company,Mr Hassan HeshmatfromHydro-CandMr Ellis RenforthfromWood Plc

Yet transport is also set to boom, in both the ports and the dry canal project due to link Basra to Turkey with the Mediterranean, silk road and European markets. The project will have profound impact on cities along the route and for both import and export trade. IBBC memberMr Tugrul Titanoglu,CJ-ICM; andMr Steve Alexandar,Sardar Group, will inform us of these changes and the evolution of electronic and port management systems already in place (see our ’23 report on portshere).

While these insights ensure everyone is better informed, there is always a significant networking and coming together of businesses and old friends and acquaintances. A reception the night before will celebrate not only IBBC’s 15 years, but also offer informal networking among delegates, speakers and founder members in the Mansion House and the chance to forge new friendships.

Iraq now enjoys a stable and focused government intent of reconnecting with the region, fiscal surpluses that are converting into new infrastructure projects, and a growing more prosperous population, keen for modernisation and the benefits of a consumer economy.

We are certain there will be big demand for tickets, so please register soon to avoid missing out.Join with us and share the insights and opportunities that a modern and stable Iraq now offers. LINK

Billuke: Iraq can't go here on a program rate........imo

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

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

Frank26 $3.22 is the actual reinstatement...They're not going to reinstate it...but it would be enough to launch it into the float, let the float take care of it. The float will take it up to...$3.86...$4.25...$4.72. Inflation is the reason why they have been doing this RV that's leading into an RI but the RI is not feasible therefore due to inflation a float is necessary to take it to the real effective exchange rate, which may be around the numbers I suggested...

Frank26 $3.22 is the actual reinstatement...They're not going to reinstate it...but it would be enough to launch it into the float, let the float take care of it. The float will take it up to...$3.86...$4.25...$4.72. Inflation is the reason why they have been doing this RV that's leading into an RI but the RI is not feasible therefore due to inflation a float is necessary to take it to the real effective exchange rate, which may be around the numbers I suggested...

PROOF That The 2024 Economic COLLAPSE Is Coming

Atlantis Report: 6-21-2024

It’s clear now: the economic collapse of 2024 is not just a possibility; it's an imminent reality. The downturn in the financial sector has already begun, with regional banks experiencing significant failures, which is a sign of more widespread economic distress.

The regional banking sector has been hit hard in recent times. Last year saw the collapse of notable banks such as Silicon Valley Bank, Signature Bank, and First Republic Bank.

These collapses were not isolated incidents but rather a chain reaction, indicating systemic vulnerabilities.

The domino effect continued with the fall of Silvergate Bank and Heartland Tri-State Bank. Their combined $440 billion in assets made this the largest collapse since the inception of the FDIC, Federal Deposit Insurance Corporation.

Due to a series of bank failures, the FDIC faced significant challenges. To cover the losses, it had to use a large part of its insurance funds.

This raises a crucial question: How much money does the FDIC have left to handle future collapses? The answer is worrying: not much.

When you look into the FDIC's current financial status, it's clear that it's fragile, raising concerns about how it will handle further banking crises.

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