Early Access — Dinar Recaps (2024)

Early Access — Dinar Recaps (1)

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

Goldilocks' Comments and Global Economic News Monday Afternoon 6-10-24

Good Evening Dinar Recaps,

"Core Banking Systems Market Now Well-Established, Cloud Infrastucture to Drive Innovation – Report" |Crowdfund Insider

Cloud banking infrastructure allows financial institutions to deliver banking services and operations through the internet on-demand.

On Demand Banking allows you to deposit to and withdraw funds immediately and whenever you want.

This electronic digital banking model provides access to computing resources like servers, data storage, and applications.

Goldilocks' Comments and Global Economic News Monday Afternoon 6-10-24

Good Evening Dinar Recaps,

"Core Banking Systems Market Now Well-Established, Cloud Infrastucture to Drive Innovation – Report" |Crowdfund Insider

Cloud banking infrastructure allows financial institutions to deliver banking services and operations through the internet on-demand.

On Demand Banking allows you to deposit to and withdraw funds immediately and whenever you want.

This electronic digital banking model provides access to computing resources like servers, data storage, and applications.

The top five vendors in 2024 for this new digital banking service include:

* Temenos
* FIS
* Mambu
* Finastra
* Tata Consultancy Services

As we have previously noted, the Iraqi digital banking services are now live on Temenos.

A core banking system is like a nervous system is to the body. It transmits electrical signals to the various components of a banking system allowing it to operate seamlessly.

Acore banking systemisa back-end system that processes daily banking transactions and posts updates to accounts and other financial records. Crowdfund Insider

© Goldilocks

~~~~~~~~~

Foreign Exchange |Five Degrees

The Core Banking System is the foundation of our Global Financial Markets.

It enables seamless currency exchanges, and it is the part of the banking system that coordinates risk management tools and digital networks to move virtual assets through the new QFS system on a Global scale.

Cross-border international trading is made possible through this new digital banking system mechanism. It will allow foreign currency exchanges to move through the system.

The beauty of this new digital banking system that is the nuts and bolts of all transactions done in a bank lies in the fact that it is done.

© Goldilocks

~~~~~~~~~

China's New Investment Play: Shifting Away from US Treasuries to Global Opportunities" |MSN

"China has diversified its holdings by selling $53.3 billion worth of US Treasuries and agency bonds. This adjustment aligns with BRICS nations gradually broadening their investment portfolios since 2022."

China is moving away from buying US Treasuries to Global opportunities that will expand the Chinese Yuan and the BRICS Nations coalition.

This is all part of leveling the playing field from a World Reserve Currency to payments transacted in local currencies.

This shift will increase the demand for their own currency and make available higher exchange rates with China and whoever they trade with going forward.

© Goldilocks

~~~~~~~~~

As US Treasury bonds are being sold around the world, we have a growing interest in Stablecoin use case scenarios designed to minimize the risk factors of a falling monetary system as it embraces a new digital asset-based trading system.

© Goldilocks

👆 Soft landing potential for the dollar...

~~~~~~~~~

What is Core Banking System |Youtube

~~~~~~~~~

Dodd-Frank Final Rule Announcement |Dodd-Frank Update

In a move to help accelerate a shift to open banking in the U.S., the Consumer Financial Protection Bureau finalized a rule outlining the qualifications an organization must demonstrate to be recognized as an industry standard-setting body to develop technical standards for protecting consumer data rights.

~~~~~~~~~

Managing Risk With Trade Compliance In Global Supply Chains -Global Trade Magazine

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Leaving the US dollar behind, embracing digital currency |The Jerusalem Post

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📰 So … all kinds of activity out there … in other news …Link

🔘Italy 🇮🇹
🔘Austria
🔘European Parliament 🏰
🔘France 🇫🇷
🔘Belgium 🇧🇪
🔘Spain 🇪🇸
🔘Israel
🔘Germany 🇩🇪

Italy- exit polls show right-wing party is set to win most seats
Austria- Right-Wing surge; Freedom Party takes the lead in recent election, narrowly outpacing the Conservative People’s Party
European Parliament- Marine Le Pen’s party is on target to become the largest single party in the parliament
France- French President Emmanuel Macron announced that he’s dissolving the National Assembly & calls for snap elections on June 30 & July 7
Belgium- The PM, Alexander De Croo, announced his resignation after the defeat of his party in the European elections. “Tomorrow I will resign as Prime Minister,” announced De Croo.
Spain- Spain’s center-right People’s Party (PP) came out on top in today’s European election, gaining 22 seats out of the 61 allocated to the country, and dealing a blow to the Socialist-led govt of Pedro Sanchez
Israel- 4 resignations in less than an hour: Benny Gantz, Gadi Eisenkot, Avi Rosenfeld, Hili Tropper (all resigned). Israel is crumbling from within - Netanyahu wanted to avoid this by doing the massacre yesterday
Germany- far-right gain in election stunning defeat to Germany’s Scholz

Seems things are heating up & technically Summer hasn’t started yet
🔥 🔥🔥 🔥🔥 🔥🔥

EDIT:can’t forget Germany 🇩🇪

~~~~~~~~~

iTrustCapital | The #1 Crypto IRA Retirement Platform |iTrustCapital

iTrustCapital is a software platform that allows users to buy and sell cryptocurrencies and precious metals through tax-advantaged retirement accounts.It's considered a leading digital asset IRA software platform and offers a selection of over 25 cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin.iTrustCapital also offers gold and silver.

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XRP Ledger Ready to Adopt Tokenized Gold, Silver in Q3, 2024 |U Today

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ECB In Focus Webinar with Stuart J. Russell - AI: Concepts, Trends, and Coexistence |Youtube

~~~~~~~~~

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News DINARRECAPS8 News DINARRECAPS8

Iraq Economic News and Points To Ponder Late Monday AM 6-10-24

Minister Of Oil: The Proportion Of Gas Investment Has Risen To 63 Percent, And We Plan To Build A Number Of Refineries

Economy Today, 22:17 Baghdad – ; Deputy Prime Minister and Minister of Oil, Hayan Abdul Ghani, confirmed that the proportion of gas investment has risen to 63 percent, while indicating that the government is planning to build a number of refineries.

Abdul-Ghani said to the “Duty of Frankness” program, which is shown on Al-Iraqiya News and affiliated with the Iraqi News Agency (INA), that the proportion of gas investment rose to 63%,” indicating that

“the quantities of gas invested reached 1,900 million cubic feet.”

Iraq Economic News and Points To Ponder Late Monday AM 6-10-24

Minister Of Oil: The Proportion Of Gas Investment Has Risen To 63 Percent, And We Plan To Build A Number Of Refineries

Economy Today, 22:17 Baghdad – ; Deputy Prime Minister and Minister of Oil, Hayan Abdul Ghani, confirmed that the proportion of gas investment has risen to 63 percent, while indicating that the government is planning to build a number of refineries.

Abdul-Ghani said to the “Duty of Frankness” program, which is shown on Al-Iraqiya News and affiliated with the Iraqi News Agency (INA), that the proportion of gas investment rose to 63%,” indicating that

“the quantities of gas invested reached 1,900 million cubic feet.”

He added, "One thousand million cubic feet of gas is burned daily," stressing that "gas burning will stop completely for the period from 2028 to 2030." He pointed out that "Iraq will not need to import gas in the future," noting that "the Okaz field produces 60 million cubic feet of gas."

He continued, "Iraq's gas reserves are estimated at 140 trillion cubic feet," pointing out that "gas is considered the cleanest type of energy and fuel currently." He stated,

"A refining capacity estimated at 360 thousand barrels per day was added during the life of the current government," explaining that "Iraq consumes 28 million liters of gasoline per day."

He pointed out that

"Iraq produces 21 million liters of gasoline per day," noting,

"We will achieve self-sufficiency in gasoline during the next year." He pointed out that

"gasoline is subsidized by 50 percent from the state," stressing that

"the price of gasoline in Iraq is much lower than in other countries."

He explained, "We have achieved self-sufficiency in white oil and gas oil," noting that "for the first time in the history of Iraq we have achieved self-sufficiency in gas oil." He continued, "Iraq produces 4 million barrels of oil per day," noting that "Iraq exports 3 million and 400 thousand barrels of oil per day, and sometimes 3 million and 450 thousand barrels." He went on to say:

"We hope to have multiple outlets for exporting Iraqi oil abroad," pointing out that

"OPEC decisions are issued in coordination with Iraq." The minister continued,

"We are looking for other sources to deliver Iraqi oil to global markets," adding:

"We were exporting 400,000 barrels of oil per day through Turkish Ceyhan before it stopped." He stated that "we are conducting negotiations with Turkey to resume oil exports through Ceyhan," noting that

"there is progress in negotiations between the center and the region regarding the Iraqi-Turkish oil pipeline." He pointed out that "the Aqaba pipeline project has been on the table since 1983," stressing that

"we went towards activating the Basra Haditha pipeline all the way to the Iraqi-Turkish pipeline."

He continued, "We plan to build a number of oil refineries in Nasiriyah, Samawah, and a number of governorates," explaining that "the strategic pipeline project will feed the refineries with oil." He pointed out that "there is a plan to move the Doura refinery to Jurf Al-Nasr," stressing that "450 thousand barrels of oil per day go to local consumption." https://www.ina.iq/210531--63-.html

The Investor Sells To A Financier By “Defaulting” The Finances.. The Secrets Of The High Prices Of Investment Housing Units

Economy 2024-06-09 3,128 views Alsumaria News-Economy Today, Sunday, the Parliamentary Investment Committee reviewed the reasons for the “dilemma” of high prices for investment housing units, which were supposedly created to solve the housing crisis in the country, while indicating that the

most prominent reason is that the investor did not obtain a contract with the Ministry of Finance and therefore sold the units to “financiers.” “ They can set selling prices without any restrictions.

The Vice Chairman of the Committee, Hussein Al-Sabari, said in an interview with Al-Sumaria News,

“There are several reasons behind the rise in the prices of investment housing units, especially in Baghdad,” noting that the higher the prices.”

He added, "The other side of the rise in prices is that every investor who applies for a residential investment project provides economic feasibility by determining the construction price and the purchase price," noting that

"investment bodies, whether national or in the governorates, did not follow up and monitor the different numbers between reality and feasibility." "Economic, and therefore

we did not witness any punitive measures or warnings issued by investment authorities against violating companies."

He explained that the main reason behind the lack of monitoring and rising prices is that some investors circumvent this mtter by selling housing units to banks or financing financial institutions, and

they in turn sell at higher prices and in the numbers they want, as

they are not a party to the contract related to economic feasibility. He points out that

“the investor’s justification for selling the units to a financier or bank is that he did not obtain a loan or contract with the Ministry of Finance and the State Real Estate Department,” noting that

“there is negligence in the Ministry of Finance regarding this issue, represented by the problem of not signing contracts, which... The investor pays to sell the housing units to banks, which finance the construction, acquire the housing units, and sell them at the prices they want.”

He explained, "If the pace of work in new cities is fast and starts offering reasonable prices, it is possible for the middle classes to obtain housing units.

However, with this climate and investment environment in this way, it is difficult for the middle class to obtain apartments, especially within the capital, Baghdad."

https://www.alsumaria.tv/news/economy/490731/المستثمر-يبيع-لممول-بـتقصير-من-المالية-أسرار-ارتفاع-أسعار-وحدات-السكن

Reconstructing Iraq: The role of banks in financing the future

Time: 06/08/2024 20:27:26 Read: 2,730 times {Economic: Al-Furat News}Reconstructing Iraq after years of wars and conflicts represents a great challenge,

but it also represents an opportunity to rebuild a strong and sustainable economy.

Banks play a crucial role in financing reconstruction, by providing the loans and credit facilities necessary to finance construction and infrastructure projects.

TheIraqi Deposit Insurance Companyplayed an important role in enhancing the confidence of investors and depositors in the Iraqi banking system,

which made it easier for banks to obtain the necessary financing for reconstruction.

It is estimated that Iraqi banks have provided loans worth more than $10 billion to finance reconstruction projects in recent years.

Germany's experience after World War II is an inspiring example of how banks can play a crucial role in the country's reconstruction.

TheKfW German Development Bank has contributed to financing many vital projects in Germany, such as rebuilding industrial and residential infrastructure, and providing financing for small and medium-sized companies. https://alforatnews.iq/news/إعادة-إعمار-العراق-دور-المصارف-في-تمويل-المستقبل

After Depriving About 200 Commercial Companies Of The Dollar... Will Some Goods “Disappear” From The Market?

Economy 2024-06-08 | 4,496 views Alsumaria News-Economy Today, Saturday, the Baghdad Chamber of Commerce outlined the expected effects of the Central Bank of Iraq’s recent decision to deprive 197 general trading companies from the currency auction, due to violations, while indicating the possibility of these companies returning to the auction.

Baghdad Chamber of Commerce spokesman, Rashid Al-Saadi, told Al-Sumaria News,

“The suspension of 197 companies and deprivation of obtaining the dollar at the official rate from the Central Bank of Iraq came after violations were flagged and the provision of unreal and exaggerated information about their trade and imports,” noting that“

some of their transactions The information you provided is fictitious, and in light of these violations, this penalty was imposed and they were removed from the list for obtaining dollars.”

Regarding whether depriving these companies will have expected effects on the market or the possibility of the “disappearance” of some types of goods and merchandise, especially since these companies are all general trade and cigarette import companies, Al-Saadi said,

“This number does not represent anything, as there are thousands of companies entering the currency auction for the purpose of obtaining dollars.”

Therefore, the increase in these companies will not have a significant impact on the market, whether in terms of goods or in terms of the rise in the price of the dollar.”

He explained that "the number of companies and merchants who enter through the currency platform is large and increasing day after day, after the facilities of the Central Bank and the increased experience of bank employees, as

previously merchants were facing problems and did not accept to buy dollars from the Central Bank due to the difficulty of dealing. However, employees...

"The banks have entered into training courses and the process has become easier."

Regarding the future of these companies and whether they will stop their work or go to buy the dollar from the parallel market, he stressed that

“these companies can adjust their legal status and submit a request to the Central Bank to reconsider the decision after these companies apply the required standards,” noting that “this matter

This happened earlier with 5 major and well-known companies in Iraq, where they were deprived of the dollar after a penalty was imposed on one of the banks,

but these companies submitted a request to the Central Bank, met the required standards, and returned to the currency auction easily.”

https://www.alsumaria.tv/news/economy/490639/بعد-حرمان-نحو-200-شركة-تجارية-من-الدولار-هل-تختفي-بعض-السلع-من-السوق؟

The European Union Mission Expresses Its Readiness To Cooperate With The Iraqi Banking Sector

June 09, 2024 His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the European Union mission headed by His Excellency Ambassador Mr. Thomas Seiler in Baghdad.

His Excellency the Governor discussed the role of the Central Bank of Iraq and its interest in developing the banking sector, and its diligent measures in structuring government banks and addressing problems therein with direct support and follow-up from the Prime Minister.

His Excellency explained that these banks used international auditing companies.

Pointing out that the Central Bank is working to establish a “Riyadah Bank” specialized in

financing small and medium enterprises, in order to

facilitate and develop credit capacity, in consolidating loans, with support and supervision from the Central Bank and

financing from private banks, and

seeking the expertise of international organizations in this field.

In his speech, His Excellency the Governor focused on the bank’s interest in

strengthening and developing electronic payment systems and

internal and external electronic financial transfers, and

developing supervisory practices in the field of combating money laundering in accordance with international standards.

For his part, Mr. Siler praised the role of the Central Bank of Iraq in the steps it took to develop the

banking sector,

conomic stability, and

confront difficulties and challenges.

Expressing the readiness of the European Union to provide support and joint cooperation in developing systems and expertise for the staff of the Central Bank of Iraq and to open areas of cooperation with the Iraqi and European banking sectors through official communication methods between them.

Central Bank of Iraq information Office June 9, 2024 https://cbi.iq/news/view/2604

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

Provoking Thoughts and Points To Ponder On Adversity:

Every difficulty slurred over will be a ghost to disturb your repose later on. -Fridiric Chopin

Fire tries gold, misfortune men. -Anonymous

The fiery trials through which we pass will light us down in honour or dishonour to the latest generation. -Abraham Lincoln

Thou hast shown thy people hard things: thou hast made us to drink the wine of astonishment. -Bible

A wounded deer leaps the highest. -Emily Dickinson

The difficulties which I meet with in order to realize my existence are precisely what awaken and mobilize my activities, my capacities. -Jose Ortega y Gasset

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

http://famousquotesandauthors.com/quotes_by_topic.html

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Dinar Recaps 20 Dinar Recaps 20

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: Welcome bank Mark……

MZ: I will be here for a short time this morning…..then Zester will come on with StacieZ wrapping it up.

Member: Hey Mark glad your back what are your thoughts on how they end of petro dollar will manifest in the market and economy?

Member: Wonder how long they are going to keep kicking the can on this rv?!?!

MZ: On the bond side-I have a number of historic bond contacts apts. starting late this afternoon through Wednesday morning. They expect a 1% payment. There are a lot of expectations.

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: Welcome bank Mark……

MZ: I will be here for a short time this morning…..then Zester will come on with StacieZ wrapping it up.

Member: Hey Mark glad your back what are your thoughts on how they end of petro dollar will manifest in the market and economy?

Member: Wonder how long they are going to keep kicking the can on this rv?!?!

MZ: On the bond side-I have a number of historic bond contacts apts. starting late this afternoon through Wednesday morning. They expect a 1% payment. There are a lot of expectations.

Member: Mark If Bond people get their 1% as rumored, how would you see it rolling out for us briefly hypothetically?

MZ: If they get their 1% this means things are well underway and we should have a better idea on what to expect for the currency side.

MZ: The news throughout the weekend remains positive. We are playing the “wait and see” game to see if those bond dollars start to move.

Member: What’s your gut feeling about this RV happening before next weekend?

MZ: Nobody knows the timing but we think it’s going to be soon…. I have a lot of contacts who believe it is absolutely going to happen this month….and definitely before the 4th of July. Just stay grounded.

Member: What’s holding up the RV? Our Credit Union is still down due to “core” software updates starting last Friday. Lots of RV signs but what about the “you have arrived sign”?

Member: No announcement of rate in the Gazette I am guessing. Will we ever get to the finish line?? Almost like they are torturing us on purpose sometimes.

MZ: There is still an excellent chance we will get to quietly go and exchange before the rate is published in the Gazette. They are certainly trying to keep it quiet….just like they did with Kuwait when they silenced communication out of Kuwait for over a week before the rest of the world got to know….. But I don’t think this could happen in today’s world and the internet

MZ: Iraq had a good sit down meeting this weekend with the International Finance Corporation. They are on the world stage now. Everything is going really well in Iraq.

Member: Everything except the RV.

Member: ​​Frank26 said last night that the HCL was agreed on

Member: I really wish there was more RV news.

Member: Maybe the quiet is what we need…..for the RV to pop????

MZ: “ Leaving the US dollar behind- embracing digital currency-opinion” This is interesting from the Jerusalem Post . A digital currency could be the best thing or the worst thing depending on whether it is fiat or backed by assets.

Member: People are waking up to the potential of change and different currencies. This article talks about blockchain and our changing system. The Quantum system…..or the quantum protected system. We see the change coming all over the world.

Member: Spoke to my BofA Bank Mgr and asked him questions point blank: are the new currencies in place. Yes. Delivered? In the vault? Yes. Are you aware of the QFS switch from Swift? Yes. Date? They’ll tell us

MZ: “Putin urges major expansion of Russian financial markets, cutting use of Western currencies.” They are expecting less then half the world will be using the USD before the year is out. Most of Russia’s external trade is done in rubles.

MZ: “China’s new investment play is shifting away from US treasuries to global opportunities” We have all been told we will see the dumping of US treasuries…and we are seeing that now. China is dumping them.

Member: Jim Willie says Dong is going first due to China’s control over it. I’m all for that!

Member: Well somebody needs to start- and maybe the rest will follow?

Member: 2 weeks ago wells verified my currency and said soon we will be able to exchange. From a wm that has been there for 30 years. Good guy

Member: My local Wells Fargo stated they are not allowed to trade 2 currencies right now. those currencies are the Dong and Dinar

Member: If it floats – will we need to put our funds in multi currency accounts?

MZ: If it is some kind of float you will hear all of shouting “multi-currency accounts” But, its not expected to float….It is expected to be based on a gold/asset standard …but if it does…we will be prepared.

Member: Frank and others say it will float……guess we should hope for the best and prepare for the worst.

Member. At least if it start as a float- they are finally doing something……and we will just have to adapt. Somebody needs to do something….even a float is better then what they have now.

Member: So so so much disclosure happening lately. It’s so exciting to watch especially when ones eyes are open!!

Member: If this is a movie then I’m ready to read the credits!!

Member: my bank account keeps saying it's hungry and wants to be fed now hopefully soon

Member: We are all weary and frustrated but keep the faith- the best is yet to come.

Member: Skye Prince has a voice message out that we could be hours away!!! Let's all pull together to manifest what we know is coming

Member: thank you pdk we have the too long dint read version of this. not always able to hear calls. thank you PDK.

Member: And thanks Mark, Mods, Zester and Stacie…….everyone enjoy the rest of your day.

Zester and StacieZ join the stream . Please listen to the replay for their information and opinions.

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

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

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

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

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

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

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

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

Youtube: https://www.youtube.com/watch?v=XQ-rZl9ETdE

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

TNT:

Tishwash: Politician: American forces will remain in the military bases, with only their description changing

Political analyst Qasim Balshan said on Monday that American forces will not leave Iraqi territory and will remain in the camps while changing the capacity in which they are present inside Iraq.

Balshan told the Maalouma Agency, “There is no actual move to end the presence of American forces in military bases, and what will happen is to change the capacity in which these forces are present.”

He added, “The Sudanese visit to Washington did not involve an agreement with the American administration to withdraw its forces from Iraq, as there is no official request submitted by the Iraqi government to its American counterpart to withdraw its forces from military bases inside Iraq. "

TNT:

Tishwash: Politician: American forces will remain in the military bases, with only their description changing

Political analyst Qasim Balshan said on Monday that American forces will not leave Iraqi territory and will remain in the camps while changing the capacity in which they are present inside Iraq.

Balshan told the Maalouma Agency, “There is no actual move to end the presence of American forces in military bases, and what will happen is to change the capacity in which these forces are present.”

He added, “The Sudanese visit to Washington did not involve an agreement with the American administration to withdraw its forces from Iraq, as there is no official request submitted by the Iraqi government to its American counterpart to withdraw its forces from military bases inside Iraq. "

He promised, “The talk about ending the American military presence will not be implemented on the ground, since the government did not approach the American administration in this regard.” link

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CandyKisses: China displaces European companies from Iraq's energy sector

The Iraqi government is setting increasing the country's oil reserves to more than 160 billion barrels, a strategic goal for the next stage, on a strong path to support its steps in terms of ongoing economic reforms, and support its ability to achieve sustainable development and improve its economic reality.

Iraq has high hopes for its crude oil exports, especially with the formation of more than 90 percent of the Iraqi budget revenues, which prompted it to launch a set of projects to increase production and open the way for investments in the field of oil and gas field exploration.

In this context, Chinese companies have emerged as a major player in the oil investment arena in Iraq, in contrast to the absence of American and European companies, through the acquisition of many new investments by a number of companies to explore oil and gas fields in Iraq, as part of the licensing round launched by the Ministry of Oil to develop the oil and gas sector in the country

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

CandyKisses: Saudi Arabia and America are putting the final touches to an unprecedented alliance. Surprise details revealed

Baghdad today - follow-up

American and Saudi officials said today, Sunday (June 9, 2024), that the administration of President Joe Biden is close to finalizing an unprecedented defense agreement with the Kingdom of Saudi Arabia, according to the American Wall Street Journal.

The newspaper reported that the Biden administration is about to finalize a treaty with Saudi Arabia, under which Washington commits to helping defend the Kingdom as part of a deal aimed at advancing diplomatic relations between Riyadh and Israel (normalization).

The potential deal, which has been widely debated between US and other officials for weeks, is part of a broader package that will include a civilian nuclear deal between Washington and Riyadh and steps toward Palestinian statehood and an end to the war in Gaza.

The newspaper quoted US and Saudi officials as saying that the draft treaty was modeled after the joint security agreement between the United States and Japan.

The draft treaty would give Washington the possibility to use Saudi territory and the kingdom's airspace to protect US interests and partners in the region in exchange for a US commitment to help defend Saudi Arabia in the event of an attack.

It quoted officials as saying the treaty was also aimed at strengthening ties between Riyadh and Washington by preventing China from building bases in the kingdom or continuing security cooperation with Riyadh.

Approval of the treaty, which the Wall Street Journal said would be called the Strategic Alliance Agreement, would require a two-thirds majority vote in the US Senate in favor, something that would be difficult to achieve unless the agreement provided for normalization of relations between Israel and the kingdom.

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

Tishwash: International Monetary Fund mission: We expect growth in the Iraqi economy

The head of the International Monetary Fund mission in Iraq, Dr. Ghazi Shubaikat: There has been growth in the Iraqi economy in light of the reforms adopted by the government, at a time when he stressed that Iraq must work to achieve financial sustainability while having the elements to achieve this goal.

Al-Sabah met with the head of the mission and asked him the following questions:

*What does the Fund expect for the future of the Iraqi economy?
- The Fund expects growth in the Iraqi macroeconomy, in conjunction with the reforms adopted by the government with the aim of creating realistic solutions to all economic problems, and we sensed seriousness from the Iraqi government in the field of achieving economic reforms that strengthen the relationship with the Fund, and this encourages the strengthening of cooperation in a way that serves the Iraqi economy, which is suffering. Chronic problems.
*
How does the Fund support the Iraqi economy and what is the source of support?
The International Monetary Fund supports Iraqi reforms that achieve financial sustainability, keeping Iraq away from any crises affecting the oil market, which Iraq relies on to cover its annual expenses, especially since a country like Iraq needs large revenues to cover the needs of all sectors, and this needs to create Real financial sustainability through reviving the productive and service sectors and bringing the capital cycle into a local context.

*What do you advise regarding reducing unemployment rates?
Iraq must focus on the labor market and create advantages in the private sector equivalent to what it obtains in the public sector, so that employment can be directed to the private sector, which must be activated within limits commensurate with Iraq’s economic capabilities.

*What does the Iraqi labor market need?
It is necessary to work on training and qualifying human resources in all specializations in light of the presence of human wealth that can be employed in a way that serves Iraq, with the need to create skilled labor in all sectors and in a way that is consistent with the government’s reform policy.

*In your opinion, where are the strengths in the economy?
- The private sector represents an economic force that can overcome challenges and gradually advance the national economy. It addresses many problems, especially since Iraq can achieve a diversity of revenues from sectors, some of which are distinguished by achieving sustainable revenues.

*What about the financial sector?
Competitiveness in the financial sector can create a solid financial sector with advanced services and safe and transparent money paths that support the economy and the stages of development it seeks and works to achieve, and reaches the most important goalsof financial sustainability. link

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Mot: Must be Soooo - Cause it Says Sooooo

Early Access — Dinar Recaps (2)

Mot: .. Siiggghhhhhh -- getting to be a Habit it is!!!!

Early Access — Dinar Recaps (3)

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

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

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 10 June 2024

CompiledMon. 10 June 2024 12:01 am ESTby Judy Byington

Sun. 9 June Rumor: Texas is leaving the Union to become a Sovereign State with it’s own gold/asset-backed currency. Could Texas and BRICS Create A Gold-Backed Financial Future Beyond the Fiat Currency System? https://ai3d.blog/will-texas-exit-the-united-states-the-answer-may-surprise-you/

Saudi Arabia, OPEC states, and Venezuela have formed an alliance against the Deep State, with control over the oil bases firmly in the hands of the elusive White Hats.

Sun. 9 June 2024 Two Black Swan Events for Russia: Herman Gref, the CEO of a major bank in Russia, has predicted that Russia will experience two black swan events.

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

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 10 June 2024

CompiledMon. 10 June 2024 12:01 am ESTby Judy Byington

Sun. 9 June Rumor: Texas is leaving the Union to become a Sovereign State with it’s own gold/asset-backed currency. Could Texas and BRICS Create A Gold-Backed Financial Future Beyond the Fiat Currency System? https://ai3d.blog/will-texas-exit-the-united-states-the-answer-may-surprise-you/

Saudi Arabia, OPEC states, and Venezuela have formed an alliance against the Deep State, with control over the oil bases firmly in the hands of the elusive White Hats.

Sun. 9 June 2024 Two Black Swan Events for Russia: Herman Gref, the CEO of a major bank in Russia, has predicted that Russia will experience two black swan events.

~~~~~~~~~~~~

Apparent Timeline: (Rumors and Opinions)

As of Thurs. 30 May 2024 any US State could legally obtain their own gold backed currency and bypass the Federal Reserve.

As of Sat. 1 June 2024 International World Trade was using the new Iraqi Dinar Rate in the trade of international goods.

On Mon. Evening 3 June 2024 the Iraqi Parliament finally passed their budget with the new Iraqi Dinar International Rate in it.

On Tues. 4 June large bondholder paymasters were in Reno to begin exchanging their bond portfolios over the next 24 to 48 hour window.

On Fri. 7 June 2024 the US Government ran out of money and declared 63 banks insolvent according to Janet Yellen. Bonds started becoming liquid.

On Sun. 9 June 2024 the White House was lit up in gold. Saudi Arabia dropped the USD and ended the Petrodollar. It’s the Beginning of the End – the collapse of the Global Financial System. Market Crash Imminent.

On Sun. night or Mon. morning 10 June 2024 notifications for Tier4b could possibly come out.

On Mon. morning 10 June 2024 Bond Holders and Tier4b should have access to their funds with Tier4b appointments starting soon thereafter.

On Tues. or Wed. 11, 12 June 2024 a Worldwide Economic Collapse was expected to begin.

On Sat. 15 June 15 any bank not Basel 3 compliant would be closed.

Sun. 1 Sept. 2024: “The greatest comeback in World History will unfold. Everything you’ve known and seen will become perplexing. You won’t believe your eyes. America will erupt. PATRIOTS WILL PREVAIL. AMERICA WILL TRIUMPH. The house of cards will collapse.” …

Read full post here: https://dinarchronicles.com/2024/06/10/restored-republic-via-a-gcr-update-as-of-june-10-2024/

**

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

Walkingstick Question: "What is Phase Three?" The introduction of the new lower notes to the Iraqi citizens. Question: "Not to the banks?" That was done months ago.

Frank26 You know the only reason why we don't have the new exchange rate and the new lower notes yet is why? Because terrorism from Iran, the Iranian politicians inside of the GOI, inside of the CBI, steal the dinar for decades. Then all of a sudden here comes the Lone Ranger... Sudani.

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

These Signs Mean DANGER For A Market CRASH

Lynette Zang: 6-8-2024

In today's video we go over the danger signs in the de-synchronization of the central banks and what that means for you and the markets...

https://www.youtube.com/watch?v=82fOet2WFtM

SILVER ALERT! COMEX Silver Riggers Dump 300Moz of Silver Derivatives on Friday's SLAM!

(Bix Weir) 6-9-2024

There is no limit to the price riggers ability to dump derivative silver contracts on the COMEX Silver exchange.

There is no law that will be enforced as it "assists" the United States of America with their massive debt problem.

Hold Silver & Gold prices down and you can print as much fake money as you'd like.

Let them trade freely and THE GAME IS OVER!!

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

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Dinar Recaps 20 Dinar Recaps 20

IQD Update-Iraq Dinar-Provide Hard Currency-Exit from the FATF-Restoring Confidence Globally-CBI-IFC

MilitiaMan and Crew: 6-9-2024

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

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

IQD Update-Iraq Dinar-Provide Hard Currency-Exit from the FATF-Restoring Confidence Globally-CBI-IFC

MilitiaMan and Crew: 6-9-2024

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=4xi9TOUcMYQ

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Personal Finance DINARRECAPS8 Personal Finance DINARRECAPS8

24 People Who Unexpectedly Received A Large Sum Of Money Are Revealing How It Changed Their Lives, And Some Stories Are Complete Surprises

BuzzFeed Sat, June 8, 2024

Reddit user u/willow-mist asked the community, "People who won/inherited/earned a large amount of money in a short amount of time, what was the biggest change?" Here are the changes people experienced when they came into large sums of money unexpectedly:

1."You know how you can list things 'highest price to lowest while online shopping or browsing real estate listings?' I thought that was hilarious and that nobody would ever use it. It turns out that it's useful when money is no object, and you prefer not to look at the lower-end options." —u/lessafan

2."Fixing things is no longer about the cheapest way to do it yourself, but about weighing a good DYI solution vs. just writing a check and being done with it. Say a tree needs to be cut down. Without money, you think about what you can use or borrow. Renting is a last resort, but viable.

24 People Who Unexpectedly Received A Large Sum Of Money Are Revealing How It Changed Their Lives, And Some Stories Are Complete Surprises

BuzzFeed Sat, June 8, 2024

Reddit user u/willow-mist asked the community, "People who won/inherited/earned a large amount of money in a short amount of time, what was the biggest change?" Here are the changes people experienced when they came into large sums of money unexpectedly:

1."You know how you can list things 'highest price to lowest while online shopping or browsing real estate listings?' I thought that was hilarious and that nobody would ever use it. It turns out that it's useful when money is no object, and you prefer not to look at the lower-end options." —u/lessafan

2."Fixing things is no longer about the cheapest way to do it yourself, but about weighing a good DYI solution vs. just writing a check and being done with it. Say a tree needs to be cut down. Without money, you think about what you can use or borrow. Renting is a last resort, but viable.

With money, you may decide owning a chainsaw could be useful, so perhaps you buy one. Beyond that, I ask myself, 'Do I really want to do this thing myself, or should I just find someone to do it for $500?' As a specific answer, I now pay someone to cut my grass." —u/Red__M_M

3."I stopped caring about keeping my job since I now have a safety net from stocks. I can now push back on unreasonable requests, and I'm a lot more confident about asking for raises because I know I can comfortably quit any time." —u/Antereon

4."I started eating better. No more buying the cheapest version of everything. I also bought a very nice bed." —u/handsthefram

5."I made a mistake and told my former closest friends. They are turned on me out of jealousy, I'm assuming. It sucks. So, I'm more humble with my money when building friendships." —u/theluckiestmind

6."I don't even have to think about taking my pets to the vet. I used to put it off, hoping they would get well by themselves if we just waited it out. Now it's, 'Hey buddy, you're acting a bit sick. Let's get you checked out.' Need medicine? No problem, and no splitting dosages either." —u/TiogaJoe

7."I inherited $200k when my grandmother passed a few years ago. It was enough to get me out of the poverty cycle but not enough to buy a house or live off of for a substantial amount of time. I set aside most of it but gave myself the luxury of a decent chunk of spending money. You may think I bought a bunch of silly things with that money, and I did.

But I mostly used it to get good quality things that will make life easier and last a while. I got a chest freezer, a nice dresser and side tables, a decent fridge, and clothes that fit me and look good. I also had the privilege of helping my community so much. Being able to drop a couple hundred to buy a friend's hearing aids or get someone's not-cheap prescription is amazing. I've been fortunate; my community hasn't taken advantage of it. They're aware I will always help, but they use it as a last resort safety net."

"I have half of it left three years later. Without the constant stress of affording everything, I figured out what I wanted to do with my life, and now that money will support me as I study for the next few years."—u/ThrowMoneyAway666

8."Ironically, it made me want to save more. For the first time in my life, I had savings, and I wanted to grow it and start thinking about retirement." —u/Legendary_Lamb2020

Stress Levels before and after — it's like night and day. Being poor is stressful. Very stressful. Having money means having options, which coincidentally means less worrying about making things work and more focus on figuring them out, leading to more success. You simultaneously have more options while ending up needing a plan B less. It's almost cruel. Money doesn't bring happiness, but it kills 90% of real-life day-to-day stress, paving the way for positive change." —u/redditingatwork23

10."I took all the money and immediately paid off a large chunk of my mortgage. The only change is that I can pay off my house before I die." —u/daver456

To Read More Go To Original Article Here:

https://www.yahoo.com/lifestyle/people-came-large-sum-money-121602648.html

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News DINARRECAPS8 News DINARRECAPS8

Iraq Economic News and Points To Ponder Late Sunday Evening 6-9-24

Al-Sudani: The Government Has Provided A Safe Investment Environment And Financial And Banking Facilities That Are Attractive To Experienced Companies

Sunday 09, June 2024 13:08 | Economical Number of readings: 478 Baghdad / NINA / Prime Minister Muhammad Shiaa Al-Sudani confirmed that the government has provided a safe investment environment, and financial and banking facilities that are attractive to experienced companies, which opens horizons for continuous cooperation, reflects positively on the local economy, creates job opportunities, and maximizes Iraq’s oil resources, in light of The goal of converting at least 40% of Iraq's oil exports into derivatives and refining products, in addition to gas investment.

A statement from his media office said that today, Sunday, Prime Minister Muhammad Shiaa Al-Sudani, Chairman of the Board of Directors of Al Hilal Companies, Mr. Hamid Jaafar, and his accompanying delegation, indicating that the meeting witnessed a review of the progress of work in the projects undertaken by the company in Iraq, especially the company’s project within the fifth round of licensing.

Iraq Economic News and Points To Ponder Late Sunday Evening 6-9-24

Al-Sudani: The Government Has Provided A Safe Investment Environment And Financial And Banking Facilities That Are Attractive To Experienced Companies

Sunday 09, June 2024 13:08 | Economical Number of readings: 478 Baghdad / NINA / Prime Minister Muhammad Shiaa Al-Sudani confirmed that the government has provided a safe investment environment, and financial and banking facilities that are attractive to experienced companies, which opens horizons for continuous cooperation, reflects positively on the local economy, creates job opportunities, and maximizes Iraq’s oil resources, in light of The goal of converting at least 40% of Iraq's oil exports into derivatives and refining products, in addition to gas investment.

A statement from his media office said that today, Sunday, Prime Minister Muhammad Shiaa Al-Sudani, Chairman of the Board of Directors of Al Hilal Companies, Mr. Hamid Jaafar, and his accompanying delegation, indicating that the meeting witnessed a review of the progress of work in the projects undertaken by the company in Iraq, especially the company’s project within the fifth round of licensing.

In addition to confirming the government’s vision to expand productive partnerships with companies and regional and international economic groups, in cooperation with the Iraqi private sector, within the government’s platform for economic reform.

For his part, Hamid Jaafar expressed his appreciation for the government’s steps in facilitating all aspects of fruitful work, and the Prime Minister’s directives to remove obstacles and impediments that hinder the work of investment companies, and to prepare everything that would raise levels of cooperation./End 7 https://ninanews.com/Website/News/Details?key=1131529

Iraqi Oil Exports To America Decreased During The Past Week

Sunday 09, June 2024 10:29 | Economical Number of readings: 252 Baghdad / NINA / The US Energy Information Administration announced today, Sunday, that Iraq’s oil exports to America decreased during the past week.

The administration said in a table, “The average US imports of crude oil during the past week from 7 major countries amounted to 5,757 million barrels per day, an increase of 290 thousand barrels per day from the previous week, which amounted to 5,467 million barrels per day.”

She added, "Iraq's oil exports to America amounted to 126,000 barrels per day last week, down by 107,000 barrels per day from the previous week, which amounted to 233,000 barrels per day."

The administration indicated that "most of America's oil revenues during the past week came from Canada, Mexico, Colombia, and then Saudi Arabia."

According to the table, “the amount of American imports of crude oil continued, from Brazil and Ecuador, while Libya and Nigeria did not export any amount of oil to the United States during the past week.” https://ninanews.com/Website/News/Details?key=1131488

Today...The Central Bank Sells $250 Million

Economy | 06/09/2024 Baghdad - Mawazine News Central Bank data revealed today, Sunday, the sale of more than 245 million dollars through the currency auction window.

During its auction for buying and selling the US dollar, the Central Bank sold 269 million 320 thousand and 104 dollars, which it covered at a base exchange rate of 1,310 dinars per dollar for documentary credits and international settlements for electronic cards, and at a price of 1,310 dinars per dollar for external transfers.

Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 245 million 90 thousand and 104 dollars, an increase of 90% over cash sales amounting to 24 million 230 thousand dollars. https://www.mawazin.net/Details.aspx?jimare=249403

Evening List Of Dollar Prices.. Get To Know Them

Economy | 04:17 - 06/09/2024 Baghdad - Mawazine News publishes an evening list of the dollar exchange rates against the local dinar in some Iraqi governorates. The list was as follows:

Baghdad: Selling prices: 148,000 Purchasing prices: 146,000

Basra: Selling prices: 146,500 Purchasing prices: 146,000

Erbil: Selling prices: 147,000 Purchasing prices: 146,000

Najaf: Selling prices: 147,000 Purchasing prices: 145,500

https://www.mawazin.net/Details.aspx?jimare=249412

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

Provoking Thoughts and Points To Ponder On Adversity:

Trouble will rain on those who are already wet.-Anonymous

They say a reasonable amount o' fleas is good for a dog - it keeps him from broodin' over bein' a dog mebbe.-Edward Noyes Westcott

There is nothing the body suffers which the soul may not profit by.-George Meredith

The burden is equal to the horse's strength.-The Talmud

Nothing befalls a man except what is in his nature to endure. -Marcus Aurelius

I am escaped by the skin of my teeth. -Bible

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

http://famousquotesandauthors.com/quotes_by_topic.html

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Dinar Recaps 20 Dinar Recaps 20

KTFA

Sunday Night Conference Call

FRANK26….6-9-24…..DO TELL HCL

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163 PIN: 156996#

KTFA

Sunday Night Conference Call

FRANK26….6-9-24…..DO TELL HCL

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=2-UjdPj6MvQ

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

China and BRICS Shake the US Dollar: What Next?

Fastpo: 6-9-2024

The BRICS nations are intensifying their efforts to reduce reliance on the US dollar in global trade and finance.

This de-dollarization initiative has gained significant momentum with the recent inclusion of Saudi Arabia, Egypt, the UAE, Iran, and Ethiopia into BRICS as of January 2024.

A major step in this direction is the development of an alternative payment system to SWIFT, which is currently dominated by the US dollar.

This new system aims to facilitate international transactions independent of US financial control, reducing the geopolitical leverage of the US.

China and BRICS Shake the US Dollar: What Next?

Fastpo: 6-9-2024

The BRICS nations are intensifying their efforts to reduce reliance on the US dollar in global trade and finance.

This de-dollarization initiative has gained significant momentum with the recent inclusion of Saudi Arabia, Egypt, the UAE, Iran, and Ethiopia into BRICS as of January 2024.

A major step in this direction is the development of an alternative payment system to SWIFT, which is currently dominated by the US dollar.

This new system aims to facilitate international transactions independent of US financial control, reducing the geopolitical leverage of the US.

Additionally, the BRICS New Development Bank (NDB) is increasing its lending in local currencies of member countries, with a goal to have 30% of its loans in local tenders by 2024.

This reduces reliance on the dollar and mitigates risks associated with exchange rates and US monetary policies.

The expanded BRICS, now including major oil producers like Saudi Arabia, enhances its economic influence, supporting the de-dollarization agenda by integrating more economies capable of trading in local currencies.

There is also ongoing discussion about introducing a unified BRICS currency to further accelerate this shift, potentially altering the global economic power balance. These initiatives by BRICS signify a concerted effort to create a more multipolar global financial system, challenging the hegemony of the US dollar.

While the full impact of these measures will take time to manifest, the move towards de-dollarization marks a significant shift in global economic strategies.

But the de-dollarization do not limit to the initial BRICS move.

https://www.youtube.com/watch?v=yiqVhL-ce1o

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

TNT:

Tishwash: Iraq participates in the 27th Saint Petersburg International Economic Forum

The Ministry of Foreign Affairs announced, today, Sunday, participation in the 27th Saint Petersburg International Economic Forum.

The ministry said in a statement received by the Iraqi News Agency (INA): “A delegation from the Ministry of Foreign Affairs, the Embassy of the Republic of Iraq to the Russian Federation, and a delegation from the Iraqi Kurdistan Regional Government participated in the 27th St. Petersburg International Economic Forum, which was held in the Russian city of St. Petersburg for a period of 5 years.” -2024/6/8”.

She added, "More than 17,000 participants from more than 136 countries attended the forum, including heads of state and government, ministers, government officials, ambassadors, and politicians from 45 countries. Russian President Vladimir Putin also participated in the forum's plenary session."

TNT:

Tishwash: Iraq participates in the 27th Saint Petersburg International Economic Forum

The Ministry of Foreign Affairs announced, today, Sunday, participation in the 27th Saint Petersburg International Economic Forum.

The ministry said in a statement received by the Iraqi News Agency (INA): “A delegation from the Ministry of Foreign Affairs, the Embassy of the Republic of Iraq to the Russian Federation, and a delegation from the Iraqi Kurdistan Regional Government participated in the 27th St. Petersburg International Economic Forum, which was held in the Russian city of St. Petersburg for a period of 5 years.” -2024/6/8”.

She added, "More than 17,000 participants from more than 136 countries attended the forum, including heads of state and government, ministers, government officials, ambassadors, and politicians from 45 countries. Russian President Vladimir Putin also participated in the forum's plenary session."

She continued, "During the meetings, the economic challenges facing the world were discussed and how to find sustainable solutions in light of the current global transformations, and cooperation in the field of international transport was discussed, in addition to discussing cooperation in the field of artificial intelligence and digital technology and finding joint approaches to developing education in line with technological development in the world." the world". link

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

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

Militia Man Anybody going with Sudani is going against the mafias and going against those that are going to have their dollar auctions dry up. They're going to have lots of different little things happen to them that are going to be painful. Anybody that's holding the dollar when they change the exchange rate...those exchange companies, 197 banks that got tagged by the central bank...they're going to have a painful experience because if you're not large on the dinar and you own dollars and Alaq drops the three zeros, those guys are going to have a painful situation... They've been warned. They've been open about stopping the dollar auctions in Iraq for this year...

Frank26 [Iraq boots-on-the-ground report] FIREFLY: Alaq said Iraq returning to the glory days and it will surpass those days. FRANK: This caught me off guard. They're talking to them a lot. We told you they would...They're releasing the videos, we told you they would. Alaq is telling the people, look I got a mechanism, you know what it is, it's a new exchange rate... 'Iraq is returning to the glory day...and will surpass those glory days.' I told you, you would never see 1 to 1. There's a reason they kept it at 1310 and they're going to return back to the glory days which was $3.22 because this is an RI, reinstatement...IMO this is happening.

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

KTFA:

Clare: Details of a meeting in Baghdad to resume the export of Kurdistan oil

6/9/2024 Baghdad –

The head of the Kurdistan Regional Government Office, Omid Sabah, revealed today, Sunday, the details of a meeting held between a delegation from the regional government and the Ministry of Oil, in the capital, Baghdad, which is the first meeting of its kind to reach a comprehensive agreement regarding resuming the export of the region’s oil through the “Corporate Oil Company.” Sumo, National.
Sabah said, in a statement received by Mawazine News Agency, that “the delegation discussed with Oil Minister Hayan Abdul Ghani and senior officials in the ministry the outstanding issues between the governments of Erbil and Baghdad and issues of common interest.

He added that the meeting focused on the dues of oil companies operating in the region and the process of Resuming the export of Kurdistan oil, production costs, and mechanisms for addressing these issues, reaching a comprehensive and balanced agreement within the framework of the constitution, and re-pumping through the Iraqi Oil Marketing Company “SOMO” as soon as possible. LINK

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MARKETS A LOOK AHEAD: From PETRODOLLAR To UNIVERSAL PETRO-CURRENCY.

Greg Mannarino: 6-9-2024

https://www.youtube.com/watch?v=X8wOiP_YvmA

Over 85,000 Bank Accounts Have Just Been Locked, This Is HUGE Red Flag

Atlantis Report: 6-9-2024

Over 85,000 Bank Accounts Have Just Been Locked, This Is HUGE Red Flag

In this fast-paced world of social media and 24/7 news cycles, it's not unusual to encounter headlines that grab your attention.

The news of a large-scale lockdown of bank accounts is not only concerning but also raises serious questions about the stability and reliability of our financial institutions.

Now we're unraveling the Saga of 85,000 Frozen Bank Accounts Imagine a situation in which more than 85,000 bank accounts have been abruptly terminated, leaving their owners in a dangerous position.

This situation is more than merely cautionary; it represents a substantial concern.

https://www.youtube.com/watch?v=rUbTZA0sTVA

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

Goldilocks' Comments and Global Economic News Sunday Evening 6-9-24

Good evening Dinar Recaps,

Saudi Arabia joins BIS- and China-led central bank digital currency project |Reuters

Today, we are witnessing a 100-year cycle/bubble in the markets and a 50-year pact going away with Saudi Arabia moving from the Petro Dollar to trading in local currencies.

I wouldn't expect too much of a shift the next 2 to 3 days on the Dollar, but the weeks ahead will have a significant toll on the Dollar going forward.

This shift in the Global Economy will begin the process of "leveling the playing field" and reset new demands on currencies that have not been utilized in trade for a long time.

All of this is coming at a very pivotal time. As we shift our attention from the Petrol Dollar to Stablecoins that represent our local currencies in trade among nations, these new demands will increase money velocity that will raise the value of currencies around the world.

Goldilocks' Comments and Global Economic News Sunday Evening 6-9-24

Good evening Dinar Recaps,

Saudi Arabia joins BIS- and China-led central bank digital currency project |Reuters

Today, we are witnessing a 100-year cycle/bubble in the markets and a 50-year pact going away with Saudi Arabia moving from the Petro Dollar to trading in local currencies.

I wouldn't expect too much of a shift the next 2 to 3 days on the Dollar, but the weeks ahead will have a significant toll on the Dollar going forward.

This shift in the Global Economy will begin the process of "leveling the playing field" and reset new demands on currencies that have not been utilized in trade for a long time.

All of this is coming at a very pivotal time. As we shift our attention from the Petrol Dollar to Stablecoins that represent our local currencies in trade among nations, these new demands will increase money velocity that will raise the value of currencies around the world.

This is a process that takes a little time to see changes happen, but the process has begun. Reuters

WATCH THE WATER.

©✓Goldilocks

~~~~~~~~~

Breaking the Bank: Sen. Lee Introduces Bill to Abolish the Federal Reserve |Lee Senate

READ PDF HERE

~~~~~~~~~

Central Banks of the World Explained

It is important to note that we are moving from a Petro Dollar regimen to a Central Bank Digital System.

There are about 214 Central Banks around the world that are officially recognized by countries as of Feb 16, 2023.

The new Global Economy is moving into a "shared governance regimen" whereby "leveling the playing field" between countries through Central Banks are beginning to lead the way.

It is the wCBDC coins that will move money around in cross-border International trading. This is causing a shift in the movement from a World Reserve Asset to a shared Central Bank Governance. PLUS50 Stabroek News

© Goldilocks

~~~~~~~~~

Remember the Golden Rule! Whoever has the gold, makes the rules! |Economic Sociology

"He who holds the gold makes the rules." This is never been more applicable than it is as we approach our new world.

The Central Banks govern the banking system.

Who has been storing the gold? The Central Banks. Now, you can begin to see where this is heading.

© Goldilocks

~~~~~~~~~

DTCC testifies to Congress on opportunities to advance financial markets |Asset Servicing Times

~~~~~~~~~

The New York Fed acts as the guardian and custodian of the gold on behalf of account holders, which includes the U.S. government, foreign governments, other central banks, and official international organizations.No individuals or private sector entities are permitted to store gold in the vault. |NewYorkFed

~~~~~~~~~

What Central Banks Do |Investopedia

On a macro basis, central banks influence interest rates and participate in open market operations to control the cost of borrowing and lending throughout an economy. Central banks also operate on a micro-scale, setting the commercial banks' reserve ratio and acting as lenders of last resort when necessary.

~~~~~~~~~

Central Bank |Wikipedia

In some countries a central bank, through its subsidiaries, controls and monitors the banking sector. In other countries banking supervision is carried out by a government department such as the UK Treasury, or by an independent government agency, for example, UK's Financial Conduct Authority.

~~~~~~~~~

Steady as we go: results of the 2023 CPMI cross-border payments monitoring survey |BIS

Enhancing cross-border payments has been a G20 priority since 2020. This ambitious programme requires action by individual jurisdictions and payment systems. The CPMI survey results show determined progress: the vast majority of payment systems have or are in the process of implementing at least one action that the G20 considers to be relevant to enhance cross-border payments.

Despite the promising number of initiatives planned to enhance cross-border payments, the survey results also highlight potential areas for further work. Projects to enhance cross-border payments cannot be seen in isolation and should complement domestic projects, given that the first and last miles of cross-border payments are typically processed in a domestic payment system.

Central banks, in their roles as catalysts and operators, are key to bringing cross-border payments forward. International organisations and standard-setting bodies, such as the CPMI, the IMF, and the World Bank, can support central banks in their ambitions.

~~~~~~~~~

Cash isn't going away, despite declining use | PaymentsSource |American Banker

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Russia and China to cooperate on Arctic shipping route |Ship Technology

~~~~~~~~~

New Law Grants U.S. President Sweeping Powers to Block Digital Asset Access, Sparking Concerns -Crypto Daily

~~~~~~~~~

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Iraqi News Highlights and Points To Ponder Sunday AM 6-9-24

Reconstructing Iraq: The Role Of Banks In Financing The Future

Time: 06/08/2024 20:27:26 Read: 2,067 times {Economic: Al-Furat News} Reconstructing Iraq after years of wars and conflicts represents a great challenge, but it also represents an opportunity to rebuild a strong and sustainable economy.

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Banks play a crucial role in financing reconstruction, by providing the loans and credit facilities necessary to finance construction and infrastructure projects.

The Iraqi Deposit Insurance Company played an important role in enhancing the confidence of investors and depositors in the Iraqi banking system, which made it easier for banks to obtain the necessary financing for reconstruction. It is estimated that Iraqi banks have provided loans worth more than $10 billion to finance reconstruction projects in recent years.

Iraqi News Highlights and Points To Ponder Sunday AM 6-9-24

Reconstructing Iraq: The Role Of Banks In Financing The Future

Time: 06/08/2024 20:27:26 Read: 2,067 times {Economic: Al-Furat News} Reconstructing Iraq after years of wars and conflicts represents a great challenge, but it also represents an opportunity to rebuild a strong and sustainable economy.

A useful summary of important news can be found on the Al-Furat News channel on Telegram. To subscribe, click here

Banks play a crucial role in financing reconstruction, by providing the loans and credit facilities necessary to finance construction and infrastructure projects.

The Iraqi Deposit Insurance Company played an important role in enhancing the confidence of investors and depositors in the Iraqi banking system, which made it easier for banks to obtain the necessary financing for reconstruction. It is estimated that Iraqi banks have provided loans worth more than $10 billion to finance reconstruction projects in recent years.

Early Access — Dinar Recaps (4)

Germany's experience after World War II is an inspiring example of how banks can play a crucial role in the country's reconstruction. The KfW German Development Bank has contributed to financing many vital projects in Germany, such as rebuilding industrial and residential infrastructure, and providing financing for small and medium-sized companies. LINK

The Immaturity Of The Baghdad And Washington Agreements Prompted America To Extend State Of Emergency

Policy Political: Information / Baghdad...Political analyst Ibrahim Al-Sarraj believed that the immaturity of the agreements between Iraq and America was behind the US administration’s move towards extending the state of emergency for the presence of its forces inside Iraq.

Al-Sarraj told Al-Maalouma, “Biden renewed the state of emergency for the presence of his military forces inside Iraq, and he based this extension on the outcomes of his meeting with Prime Minister Muhammad Shiaa Al-Sudani during his recent visit to Washington.”

He added, "The government's talk about scheduling the withdrawal of foreign forces from Iraqi territory never culminated and did not reach the level of an official agreement with the American administration." Ended 25 n. LINK

Early Access — Dinar Recaps (5)

Baghdad Praises Its Financial Budget And Confirms: We Have Important Projects In 2024

Reconstruction and building Economy News – Baghdad Today, Friday, the Governor of Baghdad, Abdul Muttalib Al-Alawi, announced a package of projects in various sectors within the budget for the current year 2024, while confirming that the governorate’s allocations in the budget were good.

Al-Alawi said, “The financial allocations to Baghdad Governorate within the current year’s budget, 2024, are good,” explaining that “the government and the Parliamentary Finance Committee have an understanding and knowledge of the real needs and required resources in Baghdad.”

He added, "There is continuous communication with the government to meet the special needs required for the projects that will be implemented."

He pointed out that "the governorate has several important projects during the 2024 budget, including projects in the water sector and building schools and roads, as well as the construction of pedestrian bridges that will be implemented in all areas of Baghdad, the paving of main roads, and strategic projects for sewers at the four entrances to the capital, in addition to the almost completed hospitals, which are “Health centers and strategic water projects will be opened soon.”

He stressed that "all project packages will be placed on the list of priorities of Baghdad Governorate in stages of implementation, whether within last year's 2023 budget or in the 2024 budget."

219 views Added 06/07/2024 https://economy-news.net/content.php?id=44096

The Region Is Saturated With An Explosive Budget.. Since When Is “Laqmat Al-Sayyad” Kurdish?

Policy: June 8 Information/private.. The southerners learned from the Sumerians to fish in order to live on the flesh of fish in the rivers and marshes, and to provide a decent life for themselves and their children. We have not heard of a Kurd in the mountains of Iraq who is more skilled than a southerner in this profession, and every rule has its exceptions in this matter. Then the most prominent thing that distinguishes a fisherman during eating What he caught was a favorite morsel called the “fisherman’s morsel,” which was boneless and tasted the most beautiful of all the meat in the fish.

Follow the “Al-Ma’louma” channel on Telegram.. News that does not require documentation..

Except in the 2024 budget, the regional government clearly excelled in a wonderful fishing method through which it was able to reap 12-17% of the Iraqi money fish, and this percentage is what we called “the fisherman’s bite,” a round that the Kurds won with the approval of the center or against its will.

*Little Revenue

Speaking about this file, a member of the Finance Committee in the House of Representatives, Moin Al-Kadhimi, revealed that the region’s share in the 2024 budget amounts to 12.67%, excluding governing and sovereign expenses.

Al-Kadhimi said in a statement to the “Al-Ma’louma” Agency, “The regional government only handed over 85 billion to Baghdad in non-oil revenues, which is an amount that is not proportionate to the actual revenues,” noting that “the region’s share of the budget amounted to 12.67, of the actual budget expenditure, which is excluded.” “Governing and sovereign expenses.”

He continues, “The region is not honest with the Baghdad government, and there is significant oil smuggling, in addition to the failure to control border crossings and non-compliance with General Customs Authority fees, which greatly affects the country’s economy,” pointing out that “the regional government’s lack of transparency with Baghdad is not in its interest.” "It will cost her a lot."

Al-Kadhimi concluded by saying: “The central government in Baghdad must monitor the work of the border crossings in the region periodically by sending committees to inspect and audit those crossings and find out the entry fees for materials into Iraq.”

The region is saturated with an explosive budget.. Since when is “Laqmat al-Sayyad” Kurdish? E91f5d58-1a96-4cbd-8a7d-eb2d1b00d5c4The region is saturated with an explosive budget.. Since when is “Laqmat al-Sayyad” Kurdish?

In addition, a member of the State of Law coalition, Saad Al-Muttalabi, revealed the region’s share of the 2024 budget, while confirming that it is considered the largest “explosive budget” in the history of the region, describing it as explosive.

Al-Muttalabi said in a statement to the “Al-Ma’louma” agency, “The region’s budget for this year is the highest in its history, as it reached more than 17% of the general budget, which totals 211 trillion dinars,” noting that “the region’s salaries are paid directly from Baghdad at a rate of 70%.” , of the region’s budget, and 30% that no one knows anything about.”

He continues, “The political blocs in the House of Representatives voted on the budget tables and witnessed no objection except from independent representatives, which means that the political blocs are involved in increasing the region’s share in exchange for a reward and large projects,” pointing out that “the political blocs are involved in granting the region an explosive budget.” Because of their vote on the budget and its passage.”

Al-Muttalabi concludes in a recent statement: “The amendment of the schedules by the government and granting the region an explosive budget was followed by support from the political blocs by voting on them, indicating that the government and political parties are involved in this unfair financial distribution.”

It is noteworthy that the region’s share in the 2023 budget amounted to 16 trillion and 690 billion dinars, while former member of the Kurdistan Regional Parliament, Jihad Hassan, stated that the region’s share in the year 2024 amounted to 20 trillion and 900 billion dinars, an increase estimated at 4 trillion and 210 billion dinars. LINK

Provoking Thoughts and Points To Ponder On Adversity

Prosperity tries the fortunate; adversity the great. -Pliny the Younger

Be willing to have it so; acceptance of what has happened is the first step to overcoming the consequences of any misfortune. -William James

If all our misfortunes were laid in one common heap, whence every one must take an equal portion, most people would be content to take their own and depart. -Solon

I never knew any man in my life who could not bear another's misfortunes perfectly like a Christian. -Alexander Pope

When the world has once begun to use us ill, it afterwards continues the same treatment with less scruple or ceremony, as men do to a whor*. -Jonathan Swift

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