Dinar Recaps Blog Page — Dinar Recaps (2024)

Parliamentary Finance Committee Discusses With US Embassy The Financial And Banking System And The Lack Of Dollars In The Market

Local | 06:19 - 08/14/2024 Mawazine News – Baghdad The Parliamentary Finance Committee confirmed, on Tuesday, discussing the financial and banking system and the lack of the dollar in the Iraqi market with a delegation from the US Embassy in Baghdad.

A statement by the Parliament's media department received by Mawazine News stated that "the head of the Parliamentary Finance Committee, Atwan Al-Atwani, received at the committee headquarters, in the presence of Representative Khalil Al-Dawski, today, Wednesday, a delegation from the US Embassy in Baghdad, Minister Counselor for Economic and Trade Affairs Julie Jules, Deputy Counselor for Economic and Trade Affairs Angel Fintling, Macroeconomic Officer, Economic and Financial Section Michael Pinnell, and Economic Assistant/Economic Section, to discuss the financial and banking system in the country, Ammar Al-Ammar."

The statement continued, "The meeting discussed the financial and economic situation in the country and the repercussions of the parallel market issue and its negative impact on the government economically, in addition to the lack of the dollar currency in the market, and the sanctions imposed on some banks, as well as the issue of the electronic platform for exporting the currency.

The head of the committee stressed "the importance of high coordination between the two sides in order to solve the pending financial problems, in addition to the importance of transparent dealing to benefit from the capabilities, and not resorting to dealing in another currency," noting "the need to create an atmosphere of understanding and invest in building bilateral relations on this basis."

Al-Atwani stressed "the committee's keenness to commit to combating financial corruption and confronting money laundering, as they are the basis for building societies, in addition to coordination in order to make correct decisions in this regard."

For her part, the Minister Advisor for Economic and Trade Affairs said that "there is a real opportunity for cooperation and reform of the economic and financial system between the two sides," stressing "working together to find appropriate solutions to all problems for the stability of Iraq as a basic ally of the United States."

The statement noted "providing clarification on the three-year general budget and plans for banking regulation and reform of the spending process, and how to finance projects, in addition to the importance of supporting the private sector and involving it with the public sector, which confirms the importance of investing the revenues achieved and the possibility of providing the service."

According to the statement, Al-Atwani pointed out the "ambition to legislate a law on partnership between the public and private sectors and involve the private sector in the market, in addition to working to amend the tax law and shift from the paper system to the electronic system." https://www.mawazin.net/Details.aspx?jimare=253273

Banks Are Working To Keep The Exchange Rate High.. The Secrets Of The Dollar Crisis Against The Dinar

Buratha News Agency142 2024-08-13 Economic expert Omar Al-Halbousi confirmed that the crisis of the dinar exchange rate against the US dollar is due to many factors.

Al-Halbousi said in a press statement: “It is well known that the rise in the dollar exchange rate and the decline in the value of the Iraqi dinar have been ongoing for more than two years, and here we confirm that the value of the dollar is stable, but the value of the Iraqi dinar fluctuates between rise and fall, and most of the time it is a fall.”

He continued, "The rise and fall of the Iraqi dinar exchange rate against the dollar from time to time is due to several reasons, including the continuation of trade with the sanctioned countries, which requires financing from outside the platform by relying on the parallel market, which is the real controller of the exchange rate.

Until now, the Central Bank has no authority over it," noting that "there are countries that live on the dollar in Iraq in the absence of the role of the Central Bank to regulate the exchange rate and stop the currency bleeding, with the penetration of these countries through private banks that dominate the currency selling window."

He explained that "private banks also push for the exchange rate to remain high, as it benefits them. They have exploited the law of delivering dollar remittances to individuals and companies coming from abroad and delivering them to their owners in Iraqi dinars and at the official price, and then they sell the dollar at the parallel market price, which increases their profits.

Therefore, they are a stumbling block to the stability of the exchange rate and stopping the bleeding of the value of the Iraqi dinar."

He explained that "remittances and the currency sales window are monopolized by a few banks that control the exchange rate and manipulate it as they wish, which explains their achievement of imaginary profits from dollar remittances, which has begun to drain Iraqi oil revenues that finance the window, knowing that the volume of daily dollar sales is very suspicious and contradicts the volume of goods entering, which means the continued smuggling of dollars abroad, carried out by the banks controlling the window and remittances and with international collusion,

" noting that "the American sanctions and the continued threat of them are another reason for the continued decline in the value of the Iraqi dinar against the dollar with the inability of the Central Bank to solve the problem of sanctions with the American side,

as well as the inability to control the work of banks and control their fraudulent work that has caused Iraq problems with the Americans, in light of the continued smuggling of dollars in various ways practiced by banks owned by foreign countries."

The economic expert pointed out that "the government is still counting on the Central Bank and its management to control the exchange rate, which the Central Bank has not succeeded in, but rather has failed in all its steps with the arrogance of private banks and their control over the Central Bank with external support,

in addition to the influence of these banks within the Central Bank, which means that until now it has not found a solution to stop the decline in the value of the Iraqi dinar against the dollar, which will lead us into major problems in the coming days, especially if new American sanctions are imposed on Iraq,

in addition to the rise in the geopolitical conflict in the region that casts its shadow on Iraq in a multi-faceted manner." https://burathanews.com/arabic/economic/449618

Oil Prices Rise Amid Expectations Of A Decline In US Crude Inventories

Economy 08/14/2024 Mawazine News – Baghdad Oil prices rose on expectations of a decline in US crude and gasoline inventories, as the market monitored the possibility of widening tensions in the Middle East that could limit global oil supplies.

Brent crude futures rose 30 cents on Wednesday (August 14, 2024) to $80.99 a barrel, while US West Texas Intermediate (WTI) crude futures rose 38 cents to $78.73.

Market sources, citing data from the American Petroleum Institute (API) on Tuesday, expected US crude and gasoline stocks to fall last week and distillate inventories to rise.

The API figures showed crude inventories fell by 5.21 million barrels in the week to Aug. 9, the sources said, speaking on condition of anonymity.

Gasoline stocks fell by 3.69 million barrels and distillate inventories rose by 612,000 barrels.

The lower inventories could signal stronger demand in the United States, the world’s biggest oil consumer. Official government data from the Energy Information Administration is due later on Wednesday.

Markets are awaiting clues on Iran’s next steps after it vowed a harsh response to the assassination of Hamas leader Ismail Haniyeh late last month in Tehran, which it accused Israel of carrying out the assassination. The

US Navy has also deployed warships and a submarine to the Middle East to bolster Israel’s defences.

Analysts have warned that a widening conflict in the region could affect crude supplies from Iran and neighbouring producers, reducing inventories and supporting prices.

Meanwhile, the International Energy Agency left its forecast for global oil demand growth in 2024 unchanged on Tuesday, but trimmed its estimate for 2025, citing the impact of a weak Chinese economy on consumption, which has further limited price gains. https://www.mawazin.net/Details.aspx?jimare=253228

The Central Bank Sponsors A Meeting To Establish A National Company To Manage Electronic Payment In Iraq

Banks Economy News – Baghdad The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, chaired the first preparatory meeting to establish a national company to manage central electronic payment systems in Iraq.

The Central Bank's media office stated in a statement received by "Al-Eqtisad News" that "the meeting discussed the importance of regulating electronic payment operations, keeping pace with rapid technological developments, and creating a competitive payment industry that provides safe, reliable, easy-to-access, widely interoperable payment services, and rapid response and high flexibility to technical and regulatory changes."

The meeting reviewed the company’s “main objectives and special requirements for initiating the establishment, as it will undertake the tasks of managing, operating and developing some of the central and basic electronic payment systems at the national level.”

The statement indicated that, "This step came in line with the strategic plan of this bank, which goes hand in hand with the government program in the field of electronic payment and its development in Iraq." 270 views Added 2024/08/14 -https://economy-news.net/content.php?id=46300

Nearly 200 Billion Dinars In "Fines" From The Central Bank Of Iraq On Banks And Exchange Companies

Economy | - 08/13/2024 Mawazine News – Baghdad The Central Bank of Iraq announced on Tuesday that fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 181 billion Iraqi dinars during the past six months.

A table from the bank showed that "the fines imposed on banks and financial companies during the past six months, starting from January until the end of last June, amounted to 181 billion, 842 million, 854 thousand, and 458 dinars," indicating that "the fines also included 151 administrative penalties for these banks and non-banking institutions, distributed between warnings, alerts, and grace periods."

The table showed that "January witnessed the highest fines on banks and non-financial institutions, as these fines reached 98 billion, 277 million, 722 thousand, and 62 dinars, with 17 administrative penalties, while June witnessed the lowest fines, reaching 2 billion, 829 million, 157 thousand, and 288 dinars, with 30 administrative penalties."

The table did not show the names of the banks that were fined and the administrative penalties.

The Investors Association in the Iraq Stock Exchange had criticized the Central Bank of Iraq for increasing fines on banks, indicating that it would affect the profitability of investors in the shares of these banks.

https://www.mawazin.net/Details.aspx?jimare=253179

For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/

How Much Cash Should I Have On Hand? It Might Be Less Than You Think

Ivana Pino ·Senior Writer Tue, August 13, Yahoo Personal Finance

According to an analysis by Capital One, 47.8% of American adults make no cash purchases in a typical week. And in the U.S., an estimated 87.4% of all transactions are cashless.

With card and digital payments emerging as the primary payment methods for most consumers, you might wonder how much cash you should keep in your wallet — if any at all.

Here’s a look at the benefits and drawbacks of carrying cash, and how to go about deciding how much you should keep on hand.

How Much Cash Should I Have On Hand?

Cash may no longer be king, but it’s not obsolete by any means. There are instances when paying in cash might be more beneficial than using a debit card, credit card, or digital wallet. For instance, many small businesses prefer cash and may even offer a small discount because it saves them the fees associated with credit card transactions.

Experts say it’s common for most Americans to carry $20 or $30 in cash. Ultimately, however, the amount of cash you should have on hand depends on your unique financial situation.

When determining the right amount to carry in your wallet, consider how often you use cash and for what types of expenses. Do you prefer to save up cash for big-ticket purchases, or do you mainly rely on cash for smaller transactions such as tipping?

Either way, it’s best to minimize the amount of cash you keep on hand. For one, cash isn’t insured against loss unless it's deposited in a bank, making it vulnerable to damage, loss, or theft. Plus, physical cash doesn’t have the opportunity to earn interest or grow in value. And over time, inflation reduces the purchasing power of cash.

That said, you do want to ensure your spending money and emergency savings are “liquid.” For money that you expect to need in the near future, consider depositing it in a federally insured bank account, such as a checking account or high-yield savings account. This allows you to generate interest, which helps protect your purchasing power and increase your wealth over time, while also maintaining easy access to the funds.

Pros And Cons Of Carrying Cash

Having some cash in your wallet can be helpful when you find yourself in a situation where a merchant or retailer doesn’t accept cards or digital payments. But there are definitely downsides to carrying cash too.

Here are some of the major pros and cons of cash to consider when evaluating how much you should keep on hand.

To Read More: https://www.yahoo.com/finance/personal-finance/how-much-cash-should-i-have-on-hand-164855098.html

IQD Update - Iraq Dinar News - Central Bank - Corruption - Automation - Change is coming

MilitiaMan and Crew: 8-14-2024

https://www.youtube.com/watch?v=k7yH1SKtou4

KTFA

Wednesday Night Conference Call

FRANK26….8-14-24……IT WON’T STOP

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#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

https://www.youtube.com/watch?v=8mHcpwKHfsY

US Debt Collapse Will Destroy Dollar | Craig Hemke

Liberty and Finance: 8-13-2024

Craig Hemke emphasizes the growing national debt, noting a recent $243.7 billion deficit in July alone and a projected $1.9 trillion deficit for the fiscal year.

He highlights the risk of worsening inflation due to increasing debt and monetary policies. Hemke recommends precious metals, such as gold, as a reliable hedge against these financial pressures and inflation. He stresses that owning physical gold can preserve purchasing power and provide safety amid rising debt and economic uncertainty.

INTERVIEW TIMELINE:

0:00 Intro

1:40 Gold update

4:03 COT Report

6:20 Silver update

9:51 Acquisitions

13:19 Recession concerns

16:46 Keynsian experiment

https://www.youtube.com/watch?v=_LxuoOe4LgQ

The Yield Curve is Un-Inverting (Stocks Crash Every Time)

Heresy Financial: 8-14-2024

TIMECODES

0:00 Intro

0:34 the Yield Curve is Currently Inverted

1:51 This Typically Indicates a Recession

4:13 There's 2 Types of UnInverting Yield Curves

6:38 Looking at All Treasury Bonds

8:24 Bull vs Bear Steepener

12:26 How Yield Curves Correlate to Stocks

14:58 It Pays to Be Prepared

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

Matter Of Time Bubble Implodes; What The Next Financial Crisis Looks Like | Diego Parrilla

David Lin: 8-14-2024

Diego Parrilla, CIO of Quadriga Asset Managers, discusses how governments respond to crises, and the "anti-bubble" assets that would counteract the downside risks of the next financial bubble implosion.

0:00 - Intro

0:45 - Is the market top in?

2:35 - Recession risks

5:20 - Liquidity

8:15 - Fed rate cut

12:00 – Inflation

19:25 - Money velocity

20:35 - Dollar strength

25:11 - Bubble and anti-bubbles

https://www.youtube.com/watch?v=Q1bMwbUDp9g

Good Afternoon Dinar Recaps,

"After doi moi (renovation), Vietnam has been consistent in carrying out a reform to turn the single-sectoral economy into multi-sectoral economy.The economy has been liberated from the state’s strict and rigid control, while people have freedom to trade and do business.

2. Second, the protection of ownership and property rights still cannot be carried out thoroughly. In some places, land is recovered by the state at non-market prices.

3. Third, the state-owned economic sector still accounts for a large proportion of the national economy.

@ Newshounds News™

Source:Vietnam Net

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"The BRICS ministerial meeting is an invaluable opportunity to strengthen the bonds between our member nations further and address key global challenges with a unified approach,"he said."We must focus on creating a seamless economic environmentthat fosters growth and innovation.

The meeting should also focus on strengthening global health systems ensuring that we are better prepared for future public health crises," he said.

Shastri believes that peace and security should be central to BRICS discussions. "With rising geopolitical tensions and the persistent threat of terrorism, BRICS must work collaboratively to develop strategies that promote global stability.

This includes enhancing counterterrorism efforts, supporting peacekeeping missions, and fostering diplomatic dialogue to resolve conflicts," he stressed.

@ Newshounds News™

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Bruce’s Big Call Dinar Intel Tuesday Night 8-13-24

Transcribed By WiserNow Emailed To Recaps

Music, welcome everybody the big call. It is Tuesday, August the 13th, and you're listening to the big call. Thanks everybody out there in big call universe for tuning in, whether you're local inside the US or whether you're outside the continental US and on international soils. We welcome you and appreciate you, and thank you for coming in and listening

Let's talk now. Thank you Bob, by the way, thank you Bob so much. That was great. Let's talk about, yeah, let's talk about the Intel. Let's see where we are now, guys, I know that my Intel has not been exactly accurate, because it changes every time you think we're there, you get something else that says we're not. And I'm sorry, because I hate bringing it out intel this not accurate or doesn't come to pass.

So I know this is a moving target. I know that things tend to change, but hopefully, one of these days, we'll get it right and we'll all be exchanging and we'll be happy.

So from the latest info that we received last night was that that we are in basically a seven day window, and boy, I hear that. I go, Oh my gosh, that's too, long a window, too big. I don't want to be in a seven day window. And this is from CW, and we got it last night that said Wednesday to Wednesday.

We should get notified - and start exchanging that's tomorrow, through which when it's tomorrow, 14th to the 21st in that range, we should be getting our numbers and getting exchanges started.

Well, today, there was a conference call between some of the pay masters, some of the higher up people at wells with the Central Bank of Iraq, the CBI, and this call was supposed to go two and a half hours, and it went five and a half hours, so it was long, and they were talking about techniques and exchange protocols for the banks.

Now I don't know if it affected redemption centers, is that specifically the banks will let it sit at that. They were referring to our banks here in the US, not banks in Iraq. So what's happened? What's to bring you up to speed --

What's happened recently is the currencies, the 19 currencies that were coming up on the screen at redemption centers and at banks were coming up with either partial meeting six currencies and then 12 of the 19. We finally got all 19 to come up, but then they were coming up with a slow blinking mode.

That's okay. They could make out the currencies, they could make out the rates, but they were blinking slowly, and that was as of yesterday. Now, the weird thing is that even though that was going on, one of the currencies dropped out. So instead of 19, we're seeing 18 currencies on the screens.

Anybody guess which currency was not was no longer on the screen? That’s right - our currency, the US N, The USD had gone away and the USN and replaced it, but the US N was off the screen temporarily. Now, why would that be? Would it be that they're getting ready to introduce the USN, or United States node, or United States new however you want to look at it, then it's referring to the United States Treasury note that is no longer a Federal Reserve note because the Fed is dead and the remnant revenue says absorbed into US Treasury a while back. Same thing's true with the IRS. It was absorbed the rent of it was absorbed into the US Treasury.

So what that is saying is that the USN would need to go back up on the screen and would need to have a rate attached to it, and we believe that once that occurs, that's a pretty good indicator that we're about ready to start

Now, I think that the USN, if I remember right, is part of NESARA. Okay, let's talk about, I know I'm kinda bouncing around here, but stay with me. What else is part of NESARA? That's right, debt forgiveness. Let's talk about that. It actually started Sunday afternoon, Sunday the 11th of August, okay?

And so it started with, you guys haven't heard me say this yet, because I got this between the last call and tonight. It started with, or it is starting with zeroing out of all mortgages - Oh, I'm hearing some amens out there.

I'm hearing some hallelujahs, because our mortgages are supposed to be zeroed out over a 10 day process that, if my math is right and you count the days out, the 11th, which is Sunday, should it should be terminated? by around - By around the 20th of this month,

We don't know if that means we're going to get our letters by then from our lending institutions, or the letters will follow this 10 day period - that I don't know yet - probably find out after the call, but there's a 10 day period of debt forgiveness when mortgages will be zeroed out.

Now, there may be some stipulations to that that might prevent the very newest mortgage, but I don't even know that. I don't even know. Let's just go with mortgages will be zeroed out. That's a big help.

Now, what else, as far as debt forgiveness, did I hear somebody say, credit cards? Right, right You are Andrew. That starts around the 21st through the 31st which is the last day of August. That means all credit card debt will be wiped out. That's amazing. And don't everybody go and load up your credit cards right now. Don't even think about it.

But that is a real welcome thing. Those two things, that's mortgages and credit cards will be wiped out and zeroed out by the by the end of August, which is August 31 so that's going to be a real bonus for us. That's a huge, huge part of debt forgiveness for NESARA, kicking in and taking effect.

Now, we haven't heard of any debt forgiveness coming out yet. We don't have any evidence of it yet - at this time, but stay tuned , maybe I will get some of that. We know Farm claims started being paid out somewhere around the eighth of August, I believe.

And we've got, I mentioned on last Thursday’s call , so that we had proof of three farmers that were paid. The first one was 360,000 not 300,000 but 360,000 The second was 410,000 and the third one we heard was 525,000 - and these are farm claims to the farmers, and we understood that the black farmers were paid out first. Okay, so that's what we've heard.

And of course, I can't prove that right now, but that's what we've heard happened, which is great news.

Now let's go beyond that. I've given you a window. As we come back to the RV, I've given you a window of Wednesday to Wednesday by CW. Now what's interesting about that is we're hearing some things that are putting our day for exchanges to start Monday, the 19th, this coming Monday.

Now we've also heard from another call tonight that was with the financial advisors, bankers and so on, that there was a consensus on this call that we would be notified over the weekend and then start exchanges on Monday. So the 19th is Monday. It is halfway between kind of plus or minus between Wednesday and Wednesday, and it's very possible that that's what we end up with.

A few other people were saying we should get notified today and start tomorrow. I had that from a source that was speaking to a US Treasury source in Europe, and that's what they said, that we would get notified today and start exchanges tomorrow, but I don't know that we say that that's the case. I don't think that's happening somehow that did not occur.

So even my own Intel is slightly conflicted, but the consensus is looking for us getting notified this weekend and then exchanging on Monday. Let’s Hope that is true.

Let's hope that is exactly what's happening. And you guys have the the debt forgiveness portion, which is was started Sunday and goes through the end of the month with credit card debts being wiped out.

I think those two aspects mortgages, home mortgages and credit card debt is a lot - that is an answer to prayer, and that is wonderful to see that taking place.

Now. I think our USN is part of NESARA. I don't know if they'll announce it. I'm being told they won't. Bothers me. I would like to have it announced added asset backed and or gold backed currency, because it is and we're gonna have our US, TN, United States, trade notes and are in the banks. They're in the redemption centers. We're supposed to get some of it - when we go in for our appointments to exchange.

So that's been in place for a long time, I'm going to say months, and possibly over a year. Now that money, the new printed currency that we have are holding money that go down our wallets versus is already in place. So that's good. What else is going on? You know, guys, I think that's the majority of it.

So let's do this. Think I've loaded you guys up with good intel I think that's all I need to tell you guys tonight. This thing is right here, right there, where we can go anytime, yes, and we'll see if the Wednesday window holds up, or if we get surprised, and maybe it goes soon, but really, Wednesdays as soon as we'll get anything right now. So let's do this. Let's go ahead and pray the call out right now,

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Bruce’s Big Call Dinar Intel Tuesday Night 7-23-24 REPLAY LINK Intel Begins 1:07:40

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Bruce’s Big Call Dinar Intel Thursday Night 7-4-24 REPLAY LINK NO CALL

The signs are all around us—record government spending, mounting consumer debt, and major corporations hoarding cash like never before.

Even the world’s biggest economies, like the U.S., Japan, and Germany, are struggling to keep their heads above water.

This article breaks down the top 10 reasons why we’re facing what could be the worst financial crash in history.

I’m going to walk you through what’s happening, why it’s happening, and what it means for all of us.

In This Article

1. The Top 10 Reasons the Global Financial System Crash is on Our Doorstep

2. Government Spending: The Core of this Financial System Crash

3. Central Bank Policies Causing Unprecedented Market Distortions

4. Consumer Financial Behavior as a Warning Sign of the Approaching Financial System Crash

5. Global Economic Indicators Pointing to a Deepening Crisis

The global financial system is facing a financial system crash of unprecedented scale. With three of the five largest economies heading towards economic catastrophe, the risks are mounting.

1. Unsustainable Government Spending: U.S. government spending as a percentage of GDP is nearing historic levels, creating a precarious fiscal situation.

2. Skyrocketing Consumer Debt: U.S. credit card debt has reached record highs, with interest rates at unprecedented levels, mirroring unsustainable government financial practices.

3. Distorted Central Bank Policies: The Bank of Japan’s excessive ownership of ETFs and government bonds has caused significant market distortions, leading to instability.

4. Massive Insider Stock Sales: U.S. executives are selling off stocks at the fastest pace in over a decade, signaling a lack of confidence in the markets.

5. Surging Cash Holdings by Corporations: Companies like Berkshire Hathaway are hoarding cash, indicating a lack of confidence in the economy and anticipation of a downturn.

6. Persistent Manufacturing Recession: The U.S. manufacturing sector has been in recession for an extended period, signaling broader economic warning signs.

7. Extended Recession in Major Economies: Germany has been in recession for over two years, reflecting broader global economic fragility.

8. Declining Unemployment Claims Participation: A low percentage of unemployed Americans filing for benefits suggests the official data is understating the true level of economic distress.

9. Long-term Devaluation of Fiat Currencies: The U.S. dollar and other major currencies have lost significant value against gold, indicating long-term economic instability.

10. Rising Public and Household Debt: U.S. public and household debt levels have reached all-time highs, creating the potential for a systemic financial crisis.

Government Spending: The Core of this Financial System Crash

U.S. government spending has reached levels not seen since World War II. At 43% of GDP, it is just 1% below the peak during the Great Financial Crisis.

These unsustainable spending habits are breaking the economy, setting the stage for severe financial turmoil.

Japan faces its own challenges. The Bank of Japan’s extensive intervention in the economy, owning about 80% of the country’s ETFs and 55% of its government bonds, has caused significant market distortions.

The recent rate hikes by the Bank of Japan have already triggered a 12% drop in the Nikkei 225, underscoring the instability.

The consequences are now becoming apparent, with volatile markets and a loss of confidence among investors.

The Bank of Japan’s recent actions indicate that even the slightest change in policy can have dramatic effects, as seen with the substantial decline in the Nikkei 225.

This growing debt burden is pushing consumers closer to financial collapse.

Corporate behavior is also flashing red warning signs. Berkshire Hathaway, one of the largest and most successful corporations, has increased its cash reserves to 25% of its total assets, the highest level since 2005.

This massive cash hoarding indicates a lack of confidence in the current economic environment and suggests that major corporations are bracing for a severe downturn.

This prolonged economic decline signals a broader global economic fragility, which could trigger a domino effect across other major economies.

Insider stock sales in the U.S. have reached their highest levels in over a decade, particularly among executives in tech giants like Nvidia. This rapid sell-off indicates that those closest to the markets are preparing for a downturn, further fueling fears of an imminent crisis.

The long-term devaluation of fiat currencies, particularly the U.S. dollar, adds another layer of risk to the global financial system.

The U.S. dollar has lost 98.5% of its value against gold since 1971, with other major currencies like the Euro and Yen experiencing similar declines.

This loss of purchasing power is eroding trust in fiat currencies, pushing investors towards alternative assets.

With government spending spiraling out of control, distorted central bank policies, rising consumer and corporate debt, and prolonged recessions in major economies, the world is on the brink of an unprecedented financial crisis.

Contributing Article:https://www.businessinsider.com/recession-fears-fueling-stock-market-crash-wall-street-chaos-positive-2024-8?op=1

=======================================

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Ariel: Major Iraqi Dinar Update

(Somebody is about to be very rich) is that you? If so read on.

Translated directly from the CBI document:

Licensed banks all approved
Electronic payment companies all approved exchange companies from categories A and B

Procedures for the work of agents of external transfer service providers

Greetings

Based on the supervisory and supervisory role of this bank.

“𝘼𝙣𝙙 𝙞𝙣 𝙤𝙧𝙙𝙚𝙧 𝙩𝙤 𝙧𝙚𝙜𝙪𝙡𝙖𝙩𝙚 𝙩𝙝𝙚 𝙬𝙞𝙩𝙝 𝙥𝙧𝙤𝙘𝙚𝙙𝙪𝙧𝙚𝙨 𝙤𝙛 𝙖𝙜𝙚𝙣𝙩𝙨 𝙥𝙧𝙤𝙫𝙞𝙙𝙞𝙣𝙜 𝙛𝙤𝙧𝙚𝙞𝙜𝙣 𝙧𝙚𝙢𝙞𝙩𝙩𝙖𝙣𝙘𝙚 𝙨𝙚𝙧𝙫𝙞𝙘𝙚𝙨 𝙞𝙣 𝙡𝙞𝙜𝙝𝙩 𝙤𝙛 𝙩𝙝𝙚 𝙧𝙖𝙥𝙞𝙙 𝙙𝙚𝙫𝙚𝙡𝙤𝙥𝙢𝙚𝙣𝙩𝙨 𝙤𝙛 𝙩𝙝𝙚 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙘𝙤𝙖𝙡 𝙩𝙧𝙖𝙣𝙨𝙛𝙚𝙧 𝙨𝙚𝙧𝙫𝙞𝙘𝙚 𝙖𝙣𝙙 𝙩𝙤 𝙡𝙞𝙢𝙞𝙩𝙨 𝙩𝙤 𝙞𝙣𝙨𝙪𝙧𝙚 𝙛𝙤𝙧 𝙨𝙥𝙚𝙘𝙪𝙡𝙖𝙩𝙞𝙤𝙣 𝙥𝙪𝙧𝙥𝙤𝙨𝙚𝙨 𝙖𝙣𝙙 “𝙗𝙚𝙣𝙚𝙛𝙞𝙩𝙞𝙣𝙜 𝙛𝙧𝙤𝙢 𝙩𝙝𝙚 𝙚𝙭𝙘𝙝𝙖𝙣𝙜𝙚 𝙧𝙖𝙩𝙚 𝙙𝙞𝙛𝙛𝙚𝙧𝙚𝙣𝙘𝙚”. 𝙄𝙩 𝙞𝙨 𝙙𝙚𝙘𝙞𝙙𝙚𝙙 𝙩𝙝𝙖𝙩 𝙮𝙤𝙪 𝙬𝙞𝙡𝙡 𝙤𝙗𝙩𝙖𝙞𝙣 𝙫𝙖𝙡𝙞𝙙 𝙧𝙚𝙨𝙞𝙙𝙚𝙣𝙘𝙮 𝙖𝙣𝙙 𝙥𝙖𝙨𝙨𝙥𝙤𝙧𝙩𝙨 𝙛𝙤𝙧 𝙣𝙤𝙣-𝙄𝙧𝙖𝙦𝙞𝙨 (F𝙤𝙧𝙚𝙞𝙜𝙣𝙚𝙧𝙨) 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙥𝙪𝙧𝙥𝙤𝙨𝙚 𝙤𝙛 𝙘𝙤𝙢𝙥𝙡𝙚𝙩𝙞𝙣𝙜 𝙩𝙧𝙖𝙣𝙨𝙛𝙚𝙧, 𝙥𝙧𝙤𝙫𝙞𝙙𝙚𝙙 𝙩��𝙖𝙩 𝙩𝙝𝙚𝙨𝙚 𝙨𝙪𝙥𝙥𝙤𝙧𝙩𝙞𝙣𝙜 𝙙𝙤𝙘𝙪𝙢𝙚𝙣𝙩𝙨 𝙧𝙚𝙥𝙧𝙚𝙨𝙚𝙣𝙩 𝙩𝙝𝙚 𝙢𝙞𝙣𝙞𝙢𝙪𝙢 𝙧𝙚𝙦𝙪𝙞𝙧𝙚𝙢𝙚𝙣𝙩𝙨 𝙖𝙣𝙙 𝙮𝙤𝙪 𝙘𝙖𝙣 𝙧𝙚𝙦𝙪𝙚𝙨𝙩 𝙖𝙣𝙮 𝙖𝙙𝙙𝙞𝙩𝙞𝙤𝙣𝙖𝙡 𝙙𝙤𝙘𝙪𝙢𝙚𝙣𝙩 𝙞𝙛 𝙣𝙚𝙘𝙚𝙨𝙨𝙖𝙧𝙮 𝙩𝙤 𝙖𝙘𝙩 𝙖𝙘𝙘𝙤𝙧𝙙𝙞𝙣𝙜𝙡𝙮.”

Read this part one thousand times over & over. Why? Because they are directly talking to you.

With appreciation.

This is more from the CBI detailing procedures for A and B licensed exchange companies performing exchanges for 𝙣𝙤𝙣-𝙄𝙧𝙖𝙦𝙞 𝙞𝙣𝙙𝙞𝙫𝙞𝙙𝙪𝙖𝙡𝙨. This is ONLY in-country for Iraq. This does not correlate to any reclassifications of currencies (those don’t exist remember), or movement of rates. This is simply official notice from the CBI for procedures for bank personnel making the exchanges, they now require a 𝙋𝘼𝙎𝙎𝙋𝙊𝙍𝙏, and 𝙫𝙖𝙡𝙞𝙙 𝙧𝙚𝙨𝙞𝙙𝙚𝙣𝙘𝙮 𝙣𝙤𝙩𝙞𝙘𝙚.

What is an A B categorization?

Directly from the CBI starting in 2021 LINK and more LINK and more LINK

Bank Ratings or Classifications: In some countries, financial institutions or currencies might be categorized into different groups (A, B, etc.) based on their stability, creditworthiness, or risk level.

For example:

Category A: Could refer to higher-rated, more stable banks or financial products with lower risk.

Category B: Could denote institutions or products with a slightly higher risk but still acceptable within certain regulatory frameworks.

cbi.iq/news/view/2638

People, please pay attention.

So you have a state ID?

Do you have a driver’s license?

Are you an expat?

Are you a foreigner in Iraq?

Then you do not need a passport to exchange your currency in America. This part of the post was talking about non-Iraqi citizens who are already in Iraq who may be from another country or America who will be looking to exchange there if they want to benefit from the exchanges if they are not able to do so in their home country at the time the new exchange rate is released.

https://dinarchronicles.com/2024/08/13/ariel-prolotario1-major-iraqi-dinar-update-8-13-24/

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

MarkZ Update- Some highlights by PDK-Not verbatim

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

Member: Good Wednesday mornin’ to Mark, Mods and RV patient people!

Member: I would love to know if we can put in our 2 week notice yet???

Member: Seems like RV news has dried up everywhere.

Member: How is the news from your contacts about bond money being dispersed? What's going on?

MZ: I continue to hear that bond people are being paid…but have not yet had one of my personal contacts –that I know in real life- that have received dollars.

MZ: I continue to have contacts reaching out saying they know people who have gotten paid…but nobody that I know personally has yet to receive funds.

MZ: My biggest bond processor is still MIA. He is responsible for billions of dollars…….My massages go straight to voice mail. I hope that is positive news

Member: If he signed an NDA because he got paid….that would be positive.

MZ: That is what I am hoping.

Member: Nader was saying the Iraq gdp is only like 3% and it needs to be more like 6-7% before RV

MZ: They would like it to be that….But it will get a massive increase when they change the rate.

Member: Black farmers are rumored to have been paid $2 billion from a lawsuit….Is this part of the RV/Reset??

MZ: Yes it is…..This is most likely from the Pickford (sp?) Farm Claims settlements….I am excited about this one. .

Member: Frank 26 was wearing Gold yesterday

Member: Frank26 is switching from studying the Dinar on YT to teaching on gold & silver & how to invest to protect your impending wealth from the RI/RV. Andy Schectman was on last night…..was very thorough in his explanation!

​​Member: Mike Bara said: "I have been given a date of Wednesday 21st August for the revaluation of the Iraqi dinar. The bondholder remains excited about the possibility he will get paid today."

Member: if anyone tells us the RV is on a certain date its probably not true unfortunately

Member: I want to believe…..but the sceptic in me doesnt

Member: BRICS rolled out their first two invitations to Venezuela and Bolivia to attend the 2024 summit.

Member: Japanese leader Kishida to step down next month, local media report

Member: There is a video on YT from 9 years ago where Chief (Fast Horse) explains, slowly and in chronological order, what's been going on. It's 16 minutes, worth watching, easy to find. Just put his name in YT.

Member: If this EBS is supposed to happen, what are we waiting for at this point? Absolutely nobody that isn’t awake now is going to wake up, no matter what they are shown.

Member: Please remember to take only what resonates with you at this time and leave the rest. We are all at different stages of waking up and need to respect everyone for the stage of waking up they are at.

Member: Hope everyone has a wonderful day ….and the RV pops “Suddenly”

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

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/

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

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

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

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

Youtube: https://www.youtube.com/watch?v=NjYKQ4VJIpI

Parliamentary Wealth: Oil And Gas Law Stalled In Government Halls

Economy Information / Baghdad.. Deputy Chairman of the Oil, Gas and Natural Resources Committee, Nehru Rawandozi, revealed today, Wednesday, the latest developments related to the legislation of the oil and gas law according to the political agreement between Baghdad and Erbil.

Rawandozi told / Al-Maalouma / agency, "The legislation of the law was part of the political agreement paper on the basis of which the current government was formed, but the issue of its legislation still faces many differences."

He added that "the committees formed by the government have not completed their work in full, which hinders sending the draft of the oil and gas law to the Council of Representatives."

He pointed out that "there are political differences over the draft of the oil and gas law between the center, the region and the oil-producing provinces, noting that there is a government committee formed by the Prime Minister consisting of representatives of the three main components in Iraq: Shiites, Sunnis and Kurds."

He pointed out that "the committee tasked with preparing the draft law has not completed its work in full so far, which hinders sending the draft law to the Council of Representatives." LINK

Finance Issues "Enjaz" Government Bonds (Second Issue)

Wednesday 14 August 2024 | Economic Number of readings: 110

Baghdad / NINA / The Ministry of Finance announced the offering of government "Achievement" bonds (second issue) for public subscription, with a value of one trillion and 500 billion Iraqi dinars. https://ninanews.com/Website/News/Details?key=1147687

Iraq Stock Exchange Witnesses Active Trading With More Than 398 Million Shares

Banks Economy News – Baghdad The Iraq Stock Exchange witnessed an active trading session on Wednesday, with more than 398 million shares traded at a total value exceeding 626 billion Iraqi dinars.

The ISX60 rose 0.70% to close at 878.43 points, while the ISX15 rose 0.19% to 979.73 points.

The banking sector led the trading activity in terms of the volume and value of traded shares, and the most traded share was the Bank of Baghdad share with more than 113 million traded shares.

Some stocks witnessed significant increases and decreases, with Kurdistan Islamic Bank leading the rise with 13.64%, while the National Home Furniture Industries stock recorded the largest decrease of 5.56%. 19 views 2024/08/14 https://economy-news.net/content.php?id=46296

Masoud Barzani Calls For National Wealth And Wants To Preserve It, But What Is The Story Of The “Committees Of Commitment”?

Politics |Baghdad Today – Baghdad Today, Wednesday (August 14, 2024), the leader of the Coordination Framework, Saad Al-Saadi, revealed the results of the agreement between the framework and the leader of the Kurdistan Democratic Party, Masoud Barzani, regarding the oil smuggling file.

Al-Saadi told Baghdad Today, "Smuggling natural resources, including oil, in any country represents a drain on the economy, destruction of infrastructure, and loss of the rights of the people of all stripes. Therefore, the smuggling file must be stopped."

He added, "During the visit of the President of the Kurdistan Democratic Party, Masoud Barzani, to the capital, Baghdad, and his meeting with the leaders of the framework, the issue of natural resources was actually raised within a broad agreement to preserve them as a national wealth."

He continued: "It was agreed to form committees whose mission is to oblige all parties to abide by the decisions of the Federal Court on the oil and gas file, in addition to the rest of the other agreements with Baghdad," adding: "We hope at the same time that there will be seriousness and credibility on the part of our brothers in the region in implementing the terms of the agreement."

He pointed out that "the management of oil and other wealth by the central government and its institutions is within the context of the Iraqi constitution, and this will must be respected and adhered to because it will address many problems and provide greater protection for the national wealth."

The visit of the leader of the Kurdistan Democratic Party, Massoud Barzani, to Baghdad attracted attention because it came after six years of "estrangement" with the ruling political class in Iraq, which suggests that a remarkable development has occurred in the relationship between the Kurdistan Region and the central government.

Political circles believe that the aim of the visit is to crown the partial understandings that occurred recently and covered several files with a comprehensive settlement between the region and the centre.

Barzani's presence as a prominent Kurdish figure aims to lend legitimacy to the settlement and raise its value so that it appears to be an important event and not just a passing meeting, which is what the central government needs to confirm its ability to bring the region's leaders to its square, while the settlement reduces internal pressures on the region's officials, especially if he succeeds in ensuring smooth and continuous payment of salaries. LINK

Iraq Loses One Trillion Dinars Annually.. MP: Corruption In Ports Is "Dangerous"

Economy |Baghdad Today – Baghdad Member of Parliament Yasser Al-Hussaini revealed, today, Wednesday (August 14, 2024), that Iraq is exposed to a loss of one trillion dinars annually due to corruption in the ports, while describing what is happening in the ports as "dangerous."

Al-Hussaini said in an interview with Baghdad Today, "The parliamentary investigation committee continues to collect documents and evidence that prove day after day the extent of the major violations of public funds, and the documented numbers confirm beyond doubt that they are higher than what we mentioned previously in terms of losses and financial violations in general."

He added, "What is happening in the ports is the mortgage of this large economic facility to companies affiliated with political forces for decades through contracts that oblige the government, noting that Iraq loses nearly a trillion dinars annually that goes into the accounts and pockets of companies."

Al-Hussaini pointed out that "what is happening in the ports is dangerous and what we have revealed so far raises many question marks, stressing that all investigations and documents will be submitted to the Iraqi judiciary."

On Friday (July 12, 2024), the head of the Parliamentary Order 160 Committee to investigate suspicions of corruption in Iraqi ports, Yasser Al-Hussaini, revealed 3 results that he described as “bitter” in the Basra ports file.

Al-Husseini told Baghdad Today, "What we are doing is perhaps the most important parliamentary investigation to preserve the wealth of Iraqis by addressing a sensitive and dangerous file due to the huge amount of money and the administrative and financial violations that have been detected."

He added, "Investigations are continuing into the file of suspicions of financial and administrative corruption in Iraqi ports, despite the existence of three-dimensional pressures from influential political and governmental parties in a single attempt, which is to undermine the work of the committee as much as possible and obstruct what it is doing."

The MP said, "Three bitter facts were revealed: the waste of 20 trillion dinars is not suspicion, but a fact. There is a lot of evidence accompanied by long decades that mortgage Iraq's wealth to corrupt political parties. In addition, the extent of the pressures revealed the identity of those who want to keep the scourge of corruption eating away at the ports to sustain their coffers with money, without caring about the harm it causes to the Iraqis."

He considered that "the investigation into the Basra ports file is the most dangerous and important and is a courageous step in confronting the scourge of corruption that has large arms," ​​stressing that "what we seek is to preserve public money and stop the draining of the country's wealth."

Member of the Parliamentary Integrity Committee, Ali Turki, had previously stated that the committee formed to investigate corruption files in the ports had failed in its mission.

On April 15, the acting Speaker of Parliament, Mohsen Al-Mandalawi, decided to form a parliamentary committee to investigate “violations” at Iraqi ports.

The committee is formed under the chairmanship of MP Yasser Hashem Al-Hussaini and the membership of MPs Faleh Al-Khazaali, Hassan Salem Abdul Rahim Al-Shammari, Mona Al-Sabil, Siban Aziz Soran Omar Muwaffaq Hussein Saud Al-Saadi Abdul Amir Al-Mayahhi Alaa Al-Haidari Ali Al-Maksousi, and Rafiq Al-Salihi. It is responsible for investigating violations in Iraqi ports, and the committee will be supported by employees from the ministry and the relevant bodies according to the committee’s needs, and the results of the investigation will be presented to the House of Representatives.” LINK