Advice, Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Advice, Economics, Gold and Silver, Goldilocks, News DINARRECAPS8
Goldilocks' Comments and Global Economic News Thursday Evening 5-23-24
Good Evening Dinar Recaps,
What Is a Private Wealth Manager?
A bank's ledger balance is a record of all transactions that have been processed and approved at the end of a business day, including deposits, withdrawals, interest income, and bill payments.
That being said, is it really a stretch to anyone's imagination that we are moving into a digital processing center on a Global scale, and the banking system is just simply one section interfaced onto a Quantum Technological Systematic set of protocols designed to run numbers on equations until a balance between two parties are cleared?
Yes, we are finding that many positions in the banking system and around the world can be automated. Still, the need for a personal touch remains.
This would account for why Personal Wealth Manager positions are on the rise and Banks are currently making these changes to meet the needs of a new society.
Goldilocks' Comments and Global Economic News Thursday Evening 5-23-24
Good Evening Dinar Recaps,
What Is a Private Wealth Manager?
A bank's ledger balance is a record of all transactions that have been processed and approved at the end of a business day, including deposits, withdrawals, interest income, and bill payments.
That being said, is it really a stretch to anyone's imagination that we are moving into a digital processing center on a Global scale, and the banking system is just simply one section interfaced onto a Quantum Technological Systematic set of protocols designed to run numbers on equations until a balance between two parties are cleared?
Yes, we are finding that many positions in the banking system and around the world can be automated. Still, the need for a personal touch remains. This would account for why Personal Wealth Manager positions are on the rise and Banks are currently making these changes to meet the needs of a new society.
The synchronization of human behavior and technological advances are currently being held at a balance. Where we go from here will be determined by the choices both AI and Human Nature co-create in this new world.
There will always be pros and cons to each choice we make going forward, but the integration of the Techno-Human Race is forging a new path. It is an experimentation beyond everything we have encountered so far in history.
Movement forward is both scary and filled with opportunity. Yet, inside each of us is an explorer of space and time. We are walking into new frontiers and decisions will have to be made by each of us how far we are willing to go.
The transition into digital money and sudden wealth is a much larger step than many realize. We will cross over into a dimension of life few have seen in this lifetime.
We are at a crossroads, and movement into a new digital world that moves our money and the choices we make is rapidly approaching.
True freedom will not be the result of sudden wealth. Freedom comes from a much deeper place. The more that is given to us, the more is required for us to reach into those places hands can no longer touch. Here, we ask for wisdom and guidance from a place of creativity. Our creative nature knows how to walk beside the presence of our Creator forming a relationship that always has, is, and will be with us to the end.
The time to evolve is right in front of us now, and the choice to become creative entrepreneurs exploring New Frontiers is calling on us to resonate with new vibrations capable of moving our attention into higher ground. |CFA Institute
© Goldilocks
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"XRP Price Nears Major Converging Point: Analyst Predicts 3,600% Jump To $20" |Trading View
When you take a look at some of the technical analysis on the price of XRP, it currently has a Relative Strength Index potential of moving into a bull run.
"An RSI is a technical tool used to measure the speed and change of price movements in a cryptocurrency. It is also used to determine the short-term momentum of a cryptocurrency’s market."
Twenty dollars would be just a beginning point of reference to obtain on its way to integrating its full demand over time at much higher levels.
Remember, Ripple is the liquidity coin that allows the movement of our money to take place in the digital economy. Ripple uses its cryptocurrency, XRP, as a liquidity bridge for cross-border payments. Financial institutions can convert fiat currency into XRP, send it across the XRP Ledger blockchain, and then convert it back to the destination currency.
It is necessary for Ripple to have a much higher price range than it is currently displaying to bring in a catalyst for its movement.
Ripple is moving from a speculative investment to one that is based on demand. This shift in its purpose and its role in the new economy will raise it to much higher levels to meet these new demands inside the new digital asset-based economy.
From a trading perspective, the movement of Ripple in its price and demand will pull us into the next economy.
Watch Ripple. © Goldilocks
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Central banking: embracing change |BIS
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ABCs of Banking - Banks and Our Economy |CT Department of Banking
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Imaging a better climate future in China: Greenpeace-hosted climate change forum -Greenpeace East Asia
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Lawmakers Push to Make IRS Direct File Program Permanent After Successful Pilot -Franklin County Free Press
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US Debt Clock: Elon Musk’s Revolutionary Vision! Transforming the American Economy with Blockchain and AI, the New US Treasury Dollar, and Precious Metals Backing Currency! -American Media Group
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#Ripple’s $XRP is a military operation. |Twitter
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IMPORTANT IMF Report on Iraq's Economy GDP Prediction Good News |Youtube
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Text - H.R.4763 - 118th Congress (2023-2024): Financial Innovation and Technology for the 21st Century Act | Congress.gov |Library of Congress
👆Now, we can move forward.
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LIVE | FOMC Meeting Minutes Data Release - LIVE | 5/22/2024 |Youtube
👆 Goldilocks pointed to this article
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(ZiG/USD) IMF Calls Zimbabwe Switch to Gold-Backed ZiG an ‘Important’ Step -Bloomberg
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Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8
9 Ways To Become Rich If You Were Born Poor
Cindy Lamothe Fri, May 17, 2024,
Growing up with wealth is a privilege that lends financial stability and provides greater opportunities for future success. But what if you weren’t born with a silver spoon in your mouth? It’s hard to fathom going from poor to wealthy in a single lifetime, but according to experts, it’s not some distant fantasy. It isn’t easy either.
“Wealth building for individuals starting from a disadvantaged economic position requires a multifaceted approach, focusing on education, smart financial decisions and leveraging available opportunities creatively,” said Dennis Shirshikov, head of growth at Summer.
“Education, both formal and informal, is a cornerstone. It’s not just about earning degrees but acquiring financial literacy,” he added.
Overall, though, some experts disagree on how best to build wealth — especially when starting from a place of financial insecurity. Some say to invest in education, while others suggest skipping the fancy schools altogether.
9 Ways To Become Rich If You Were Born Poor
Cindy Lamothe Fri, May 17, 2024,
Growing up with wealth is a privilege that lends financial stability and provides greater opportunities for future success. But what if you weren’t born with a silver spoon in your mouth? It’s hard to fathom going from poor to wealthy in a single lifetime, but according to experts, it’s not some distant fantasy. It isn’t easy either.
“Wealth building for individuals starting from a disadvantaged economic position requires a multifaceted approach, focusing on education, smart financial decisions and leveraging available opportunities creatively,” said Dennis Shirshikov, head of growth at Summer.
“Education, both formal and informal, is a cornerstone. It’s not just about earning degrees but acquiring financial literacy,” he added.
Overall, though, some experts disagree on how best to build wealth — especially when starting from a place of financial insecurity. Some say to invest in education, while others suggest skipping the fancy schools altogether.
Below are some ways to become rich if you’re starting out with limited resources, according to the experts.
Capitalize on High Demand Skills or Industries
One strategy, according to Shirshikov, is to capitalize on high-demand skills or industries.
“Whether it’s learning a trade, tech skills or entering emerging markets, aligning one’s skillset with market demands can provide a substantial economic uplift.”
Start a Business
Entrepreneurship also plays a crucial role, Shirshikov continued. “It involves higher risks but offers greater control and higher rewards.
“I’ve observed several cases where individuals from modest backgrounds have started their own businesses in fields as varied as cleaning services to tech consultancies, scaling these ventures into substantial wealth over time.”
The key, he says, lies in starting small, minimizing initial costs and gradually expanding as the business generates revenue.
Focus on Getting a Good Education
“The key to building wealth for people starting from scratch is to focus on getting a good education and developing valuable skills,” said Joe Chappius, financial planning and tax expert at TaxClimate.com.
“This builds you a solid foundation that will open doors to better job opportunities and higher income for you later on.”
Melanie Musson, finance expert with Clearsurance, agrees.
“Take a class and read some books. When you don’t grow up rich, you miss out on the lifestyle learning you get just by living in a wealthy household. So, to make up for that, you have to take the initiative to educate yourself.”
To Read More:
https://finance.yahoo.com/news/9-ways-become-rich-were-120057219.html
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Chats and Rumors, Video, Vn Dong DINARRECAPS8 Chats and Rumors, Video, Vn Dong DINARRECAPS8
Iraqi Dinar Video Update Thursday Afternoon 5-23-24
Finally Iraqi Dinar Big RV Done – 4:07
WOW It's Huge News For IQD & VND Investor's – 4:23
Finally It's Done Iraqi Dinar Fixed 4.56$ New Rate – 3:29
Iraqi Dinar Huge Highlights – 4:08
Iraqi Dinar Video Update Thursday Afternoon 5-23-24
Finally Iraqi Dinar Big RV Done – 4:07
WOW It's Huge News For IQD & VND Investor's – 4:23
Finally It's Done Iraqi Dinar Fixed 4.56$ New Rate – 3:29
Iraqi Dinar Huge Highlights – 4:08
Finally Iraqi Dinar Big RV Done – 4:07
WOW It's Huge News For IQD & VND Investor's – 4:23
Finally It's Done Iraqi Dinar Fixed 4.56$ New Rate – 3:29
Iraqi Dinar Huge Highlights – 4:08
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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20
10 ASEAN Countries To Ditch the U.S. Dollar Vinod Dsouza May 20, 2024
The Association of Southeast Asian Nations (ASEAN) countries are looking to promote local currencies for trade and ditch the U.S. dollar for cross-border transactions. ASEAN consists of 10 countries and their economies are fast developing in the global sphere. This puts the USD under pressure, as several developing countries including the ASEAN bloc are looking to end reliance on the U.S. dollar.
Source: orfonline.org
10 ASEAN Countries To Ditch the U.S. Dollar
Vinod Dsouza May 20, 2024
The Association of Southeast Asian Nations (ASEAN) countries are looking to promote local currencies for trade and ditch the U.S. dollar for cross-border transactions. ASEAN consists of 10 countries and their economies are fast developing in the global sphere. This puts the USD under pressure, as several developing countries including the ASEAN bloc are looking to end reliance on the U.S. dollar.
Source: orfonline.org
ASEAN: 10 Countries Look To Stop Using the U.S. Dollar, Settle Trade Payments in Local Currencies Instead
The 10 ASEAN countries that are looking to stop using the U.S. dollar for trade are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. According to the latest figures from the International Monetary Fund (IMF), commonly called the World Bank, the combined GDP of ASEAN nations currently stands at around $4 trillion.
If the ASEAN alliance completely starts using local currencies for trade, the U.S. dollar will be in jeopardy. In particular, Indonesia is the most aggressive among the lot in pushing the de-dollarization agenda ahead. Indonesian PresidentJoko Widodois urging the bloc to quickly move away from the U.S. dollar and start using local currencies.
The move will strengthen their native economies giving local currencies a boost in the global foreign exchange markets. Several developing countries fear the rising U.S. debt of $34.4 trillion can affect their native economies and businesses. Therefore, the only solution to American debt is to make ASEAN countries use local currencies and sideline the U.S. dollar.
The U.S. pressing sanctions on other developing countries is also among the reasons why ASEAN wants to ditch the dollar. A stronger local currency will have no adverse effects from U.S. sanctions making their economies safer. In conclusion, the next decade will be different for the U.S. dollar as many nations are looking to uproot it.
Source: Watcher Guru
https://dinarchronicles.com/2024/05/22/10-asean-countries-are-looking-to-ditch-the-us-dollar/
BRICS: America’s 4th Largest Bank Warns of Economic Crash
Joshua Ramos May 22, 2024
Amid the ongoing geopolitical shift brought about by the BRICS economic alliance, America’s 4th largest bank has warned of an impending economic crash. Specifically, Citigroup’s chief US economist, Andrew Hollenhorst, hasspoken with CNBCregarding his concerns for the United States and its economic fragility.
Hollenhorst discussed his concerns, specifically regarding the labor market. He noted that the deterioration of the hiring sector could have dire implications for the country. Ultimately, he spoke on why a hard landing may be all but an inevitability for the nation.
Citigroup Warns of Potential Economic Crash
Over the last year, theBRICS economic alliancehas observed significant growth. Not only has the bloc embraced its first expansion initiatives since 2001, but it has also embraced alliance-wide economic policies. These infrastructure developments hinder international reliance on the US dollar while promoting local currency use.
Now, the geopolitical shift that the BRICS bloc has orchestrated may be playing a part in America’s 4th largest bank warning of an impending economic crash. Specifically, Citigroup’s Andrew Hollenhorst noted that a hard landing is likely in the cards.
“Firms are hiring at a lower rate. Firms are having workers work less hours,” Hollenshorrts told CNBC. “So this gradual softening has already started. That tends to snowball and end up in something that looks more like a hard landing.”
Moreover, Hollenhorst noted that some reports have expressed a more concerning view of the economic circ*mstances. Additionally, he noted that a recession could be set to follow any hard landing that takes place. Specifically, he notes that small businesses have displayed the lowest levels of hiring intentions since 2016.
Furthermore, the hiring rate is at its lowest level since 2014, Hollenhorst stated. Therefore, the labor market’s reality coincides with the overall interest rate issue, inflation persists, and optimism does not appear to be a logical response.
All of this will also contend with the ongoing US dollar questions that have arisen in recent months. The BRICS alliance has driven a global shift toward gold and other assets. Therefore, ongoing debt concerns and de-dollarization initiatives will only increase pressure on the US in its most dire state.
Source: Watcher Guru
https://dinarchronicles.com/2024/05/23/americas-4th-largest-bank-warns-of-an-economic-crash/
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News, Economics Dinar Recaps 20 News, Economics Dinar Recaps 20
TNT:
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.
HappyWelshGuy: RV Update - The Truth
Tony, is quite correct the RV will happen soon.......But not yet
This is what is really happening...
There is a carefully, orchestrated plan in effect, that is being meticulously monitored
Tier # 1 and Tier # 2 is currently being financially hydrated
When this is completed to the satisfaction of the Alliance then and only then will Tier # 3 be financially hydrated
TNT:
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.
HappyWelshGuy: RV Update - The Truth
Tony, is quite correct the RV will happen soon.......But not yet
This is what is really happening...
There is a carefully, orchestrated plan in effect, that is being meticulously monitored
Tier # 1 and Tier # 2 is currently being financially hydrated
When this is completed to the satisfaction of the Alliance then and only then will Tier # 3 be financially hydrated
When this is completed to the satisfaction of the Alliance then and only then will Tier # 4 (US) the internet group be financially hydrated
Everything is currently "On Track" and moving to expectation
If everything continues to expectation, then Tier # 4 should be financially on or about JUNE 15th with a back wall of July 4th
It is "NOT" going to happen today, tomorrow or this month
However, Tony is right
It will be our time soon
Nothing will stop this except for a 911 type event
Remain positive and in anticipation
My source actually sits on a special committee formatted for the very specific purpose of the timing of the revaluation to take place
June 15th, is not that far away so remain patient and be in expectation
~~~~~~~~~~
Fuze: Don't get me wrong, it is possible this could extend to early June but the point is, it's suspicious for the reasons stated in this widely distributed all of a sudden mysterious source. There is legitimate Intel from literally the horses mouth that June was a best Target month of Dr. Shabibi (bless his sole) why?
Because he said " the "project to delete the zeros with the rate change should be done at the beginning or middle of Iraqs fiscal year" FOR ACCOUNTING purposes!
June is the middle of their fiscal year at present. In addition, one time in the past when the project was postponed in 2012 it was earmarked to go June 2013 according to a declassified MOF document and US Congressional Report.
These are well documented facts in video format and documents from non Maliki, non social media credible sources!!! So early to mid June would not be a surprise,
**************
Tishwash: Economist: We are experiencing a good financial year and the rise in salary expenses must be reconsidered
The economic expert, Safwan Qusay, considered Iraq’s fiscal year “good,” while stressing the need to reconsider the rise in salary expenses.
Qusay said, during his hosting of the program {Free Speech} broadcast by Al-Furat satellite channel this evening, that: “
The process of implementing the program of the government of Muhammad Shiaa Al-Sudani requires {operational and investment} spending, and there are priorities voted on by Parliament, and it is held accountable for achieving these goals, so the process of allocating financial allocations To achieve these goals, it requires scientific foundations and program costs. So far, the issue is items, not programs, costs, accounting, and the establishment of a unified treasury in order not to wait for schedules, and in order for it not to be repeated in 2025.
Thegovernmentis required to set estimates by establishing a unified treasury and spending and collection units on a daily basis
Parliament is one case, as they both seek to achieve their goals.
- We are facing a good year, considering that oil prices are above $70, and zero oil and other imports will contribute to reducing expenses and increasing revenues.
- The government is seeking to establish investment projects parallel to oil revenues, and the increase in salary spending needs to be restored Consider
-The timetable determines the mechanism for disbursing expenditures as it tries to move from items to programs -
Government achievements for the year 2024 can raise cash revenues
- Federal ministries must be coherent and complementary to one another, as increasing non-oil revenues enhances the value of the dinar. Iraqi, and the need to reconsider the nature of contracts with foreign companies.
-International prices change, so if the financial foundations are understood by the government, it can certainly change them.
The Ministry of Finance is required to assume that the project that it cannot finance is a source of income that is subject to investment. link
************
CandyKisses: Sudanese arrives in Najaf to open projects
Iraqi Prime Minister Mohammed Shia al-Sudani arrived on Tuesday morning in Najaf province.
According to his media office, the visit is part of a series of field visits to the governorates.
In a subsequent statement, his office indicated that al-Sudani had launched the executive work on the upper threshold garage project, which is multi-layered (Najaf Grand Garage) in the center of the city.
Al-Sudani also launched the work of the tablet glass production project in Najaf Industrial City, the first project of the sovereign guarantees initiative for the private sector, with a production capacity of 800 tons per day.
Al-Sudani also launched the executive works in urban development projects for the southwestern side of the Haidari courtyard, during his visit to the city of Najaf.
Al-Sudani stressed that the visit to Najaf comes within the periodic visits to all our governorates to follow up on the progress of services and implement priorities in infrastructure projects and economic development, in addition to the province's privacy that necessitates attention and dedication to it.
The Prime Minister indicated that infrastructure projects have a great deal of attention, and there will be follow-up by specialized teams present in the governorate for the purpose of overcoming obstacles, noting the development of additional financial allocations to the governorate, and that there is a follow-up to the lagging projects that are being completed, as the focus is on infrastructure and service projects, because they are the basis of any development process.
He explained that the multi-storey garage project comes in line with the government's vision to alleviate urban problems in the center of Najaf, including improving infrastructure, using renewable energy, sustainability of the green environment, and facilitating and streamlining the movement of visitors and serving them.
Al-Sudani announced the approval of a package of important projects related to the threshold, which were included in the 2024 budget tables, namely:
- The project of expropriating buildings located on the southern side of the Holy Shrine, at a cost of 65 billion.
- The project of Al-Afaf Women's Hospital, at a cost of 10.312 billion.
- Carpet washing project for the Haidari plate, at a cost of 3.406 billion.
- A project of acquisitions for the development of the southern side of the Haidari courtyard, at a cost of 75 billion.
- The project of constructing the tunnel of the Prophet (PBUH) 12 billion.
- Tusi tunnel project, farewell square, at a cost of 16.4 billion.
- Adaptation of the Haram and Abu Talib Gallery, at a cost of 11 billion.
- Equipping Al-Afaf Hospital, at a cost of 11 billion.
It is noteworthy that the multi-storey garage project (Najaf Grand Garage) consists of eight floors and a capacity of 2,500 wheels, and includes 4 parts, and the standard of preserving the architectural identity of the city of Najaf was adopted, as it includes a tunnel linking the new Hajjah Street and the Haidari courtyard, in addition to tourist and recreational facilities.
************
CandyKisses: : Within the 2024 budget. Sudani announces a package of projects for the upper threshold
Baghdad Today - Baghdad
Prime Minister Mohamed Shia Al-Sudani announced on Thursday (May 23, 2024) the launch of executive works in urban development projects for the southwestern side of the Haidari Sahn.
The Sudanese Media Office said in a statement received by "Baghdad Today", that "Prime Minister Mohammed Shia Al-Sudani, launched the executive work in urban development projects for the southwestern side of the Haidari Al-Sharif courtyard, during his visit to the city of Najaf, which he arrived on Thursday morning."
According to the statement, Al-Sudani stressed that "the visit to Najaf within the periodic visits to all our provinces, to follow up on the progress of services and implement priorities in infrastructure projects and economic development, in addition to the province's privacy that necessitates attention and dedication to it."
The Prime Minister indicated that "infrastructure projects have a great deal of attention, and there will be follow-up by specialized teams present in the province for the purpose of overcoming obstacles," noting that "additional financial allocations are being made to the governorate, And that there is a follow-up to the lagging projects that are being completed, as the focus is on infrastructure and service projects, because they are the basis of any development process."
He explained that "the (multi-layered garage) project comes in line with the government's vision to alleviate urban problems in the city center of Najaf, including improving infrastructure, using renewable energy and sustainability for the green environment, and facilitating and streamlining the movement of visitors and serving them."
According to the statement, Al-Sudani announced "the approval of a package of important projects for the shrine, which were included in the 2024 budget tables, namely:
- The project of expropriating buildings located on the southern side of the upper holy shrine, at a cost of 65 billion.
- The project of the Afaf Women's Hospital, at a cost of 10.312 billion.
- Carpet washing project for the Haidari plate, at a cost of 3.406 billion.
- A project of acquisitions for the development of the southern side of the Haidari courtyard, at a cost of 75 billion.
- The project of constructing the tunnel of the Prophet (PBUH) at a cost of 12 billion.
- Tusi tunnel project, farewell square, at a cost of 16.4 billion.
- Adaptation of the Haram and Abu Talib Gallery, at a cost of 11 billion.
- Equipping Al-Afaf Hospital, at a cost of 11 billion.
It is noteworthy that the multi-storey garage project (Najaf Grand Garage) consists of eight floors with a capacity of 2,500 wheels, and includes 4 parts, in which the standard of preserving the architectural identity of the city of Najaf was adopted, as it It includes a tunnel linking the new Hajjah (Aj) Street and the Haidari courtyard, in addition to tourist and recreational facilities.
Mot: More Truisms from Earl and Opal
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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ 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
Coffee with MarkZ, joined by MilitiaMan. 05/23/2024
Member: A very good morning to everyone today.
Member: RV there yet…lol
Member: have any of you heard anything about 800 numbers possibly being sent out by the end of this week????
Member: There are lots of rumors out there that this is our weekend.
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
Coffee with MarkZ, joined by MilitiaMan. 05/23/2024
Member: A very good morning to everyone today.
Member: RV there yet…lol
Member: have any of you heard anything about 800 numbers possibly being sent out by the end of this week????
Member: There are lots of rumors out there that this is our weekend.
Member: I watched the MM & crew this morning ….UNBELIEVABLY GOOD
MZ: Welcome MilitiaMan ….what is the latest?
MM: I had an interesting phone call/conversation this morning. I was piped into a 3 way/4 way call. One of the people worked with Credit cards globally and is in one of rooms. The topic on this call had her somewhat excited that the US is gearing to do their T-1 clearing on the 28th of this month. That is a fast timeframe for clearing and settlement of bonds or stocks or currency transactions-things of that nature.
MM: Here transaction are about 3 days. If you do a transaction, or but a stock or whatever- it takes 3 days to clear. This is a lot of time. T-1 will effectively be about 6 hours to do transacctions around the world…and that’s for everybody.. Its my understanding that the US is the last one to be at that T-1 mark. We are the largest market.
MM: Canada does not have a holiday like we do (memorial day) ….so they are going on the 27th.
MM: I believe Iraq is ready to go with the rest of the world. Along with other countries like the Vietnamse dong.
MM: I think this is a big thing.
MM: Iraq and the US have been in bed together –so to speak with DFI accounts that were changed to the Iraq 2 accounts for all the oil money that was in the DFI funds.
MM: We know that the executive order 13303 was just resigned by the President of the US. This gives them protections from debtors ect…I believe this will help with Americans and their investments and large companies like Honeywell ect…who want to know they will not have problems with their assets. I believe when Sudani visited the US he was assured that this would be signed. And it is good for another year.
MM: Yesterday Jamal Cougar said they could get the Iraq budget schedules done in less than 10 days. That runs just a little bit past the T-1 on the 28th and 29th. We will just have to see what happens.
MM: I believe their parliament legislative process recess starts on the 9th of June. The importance of this particular budget schedule is for projects and contracts to be paid.
MM: The expectation is they will not be able to afford these at a rate of 1310. Or they would already have done it.
MM: Talking about electronic trading and how everyone is going to be on the same page with cross border payment –it lets me think we are going to see something potentially on or before or very close to this time frame because of interconnectivity and being able to move money on a level platform or playing field. This is pretty big.
MZ: A number of people are asking what is T-1 clearing?
MM . It’s a transaction date . T=Transaction …and normally it takes 3 days which is a long time. In this modern world they will be able to do this transaction in 6 hours in one day…..instead of 3 days. And this will be a global situation. Starting on May 28th for the US and May 27th for Canada. Again the US is supposedly the last country.
MM: To me it’s no coincidence that Iraq has done all their different advancements and that Sudani is going to launch his development road projects on May 30th. so Sudani was telling the world he was going to do something in the month of April – and he did it.
MM he said in the past that the dinar was going to be stronger than the dollar. And , we are expecting that.
MZ: and yesterday Sudani said they were starting the second phase of their economic reforms.
MM: And at the bottom of an article yesterday he said they were about to strengthen the dinar.
MZ: To strengthen the dinar is to add more purchasing power and be stronger than the dollar. For it to be stronger than the dollar it has to be worth more than a dollar.
MM: yes.
MZ: People want to know if they can drag this out until next year?
MM: We don’t know the timing. But, I don’t think we are even close to go that long. There is way too much going on in the world and this is not only about Iraq. Remember all boats rise with the tide.
MZ: Things are finally getting tangible enough that I can be excited.
MM: This is an amazing event that we are watching unfold.
Member: Thank you so much MM and Mark
Be sure to listen to the full replay for all of MilitiaMan’s information and opinions.
MZ: This one is important. “Increased capacity in Iraq’s refineries “ They are coming up to speed to produce all of their domestic petroleum needs. $25-$30 millions of dollars worth of gas per day . This is gas for pumps and cars. They are ready to be an exporter of gas. This is new for Iraq and key for their economy.
MZ:” Zimbabwe applies for ISO code for ZIG currency” To be international. I think this is a big one.
Member: Okay all, Let’s Be Of The Highest Vibrations! The Universe is listening and will give you more of what you say! If you say you’re tired, you get more tired. The Universe Always Says Yes!!!
Member: Julie Green A turn around coming, per God's prophetic word. Says get ready!
Member: Thank you MarkZ for all you do for us to keep us informed and an early Happy Birthday to you
(MarkZ’s Birthday is tomorrow)
Member: Mark so they tell me it’s your birthday so happy birthday darling May you live may you love May all your dreams come true Happy Birthday to you……God Bless
MZ: Thank you for the pre birthday wishes.
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
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.
8 Things to Know About T+1 Settlement
May 16, 2024 Nathan Peterson
As of May 28, 2024, settlement cycles on stock trades and other securities go from two days to one. Will that affect your portfolio? Here are eight things to know.
For many investors, making a trade feels like an instant process. But there are actually two important dates involved in any trade that investors should know and understand—and one of them is about to make an important change.
The transaction date is the day you successfully execute a trade. The settlement date is when that trade becomes official. It's the date when payment is due for purchases, when securities sold must be delivered, and the security's transfer agent has verified the new shareholder and removed the former one.
On May 28, 2024, settlement cycles on any U.S. securities trade will change from two business days to one. For most investors, this event may have little or no impact. But for some, the time it takes to settle a trade can significantly influence portfolio and trading decisions (more below).
Known officially as T+1 (trading day plus one business day), this transition will put trade settlement for stocks, bonds, and related assets on the same one-day timetable. Two-day securities settlement—currently known as T+2—has been the standard since 2017 when the Securities and Exchange Commission (SEC) amended its rules to shorten settlement from three days.
How will T+1 affect you and your investments? Here are a few key things to know:
What's driving shorter settlement cycles? Faster technology and investor preference, mainly.
What does T+1 mean for most investors? Generally, very little because many brokerage firms today including Schwab—require cash or adequate margin prior to entering any securities orders in a client's account for efficient settlement. And unlike decades ago, investors typically hold their securities in their accounts electronically, so relatively few people have to rush paper certificates to their brokerage offices by the settlement deadline. However, it's worth noting that for some investors, faster securities settlement could influence future trading, portfolio, and tax strategies (see below).
Which securities will be affected by T+1?According to the Financial Industry Regulatory Authority (FINRA), stocks, bonds, exchange-traded funds (ETFs), certain mutual funds, municipal securities, Real Estate Investment Trusts (REITs), and master-limited partnerships (MLPs) traded on U.S. exchanges will move from T+2 to T+1 as of May 28.
What about government bonds? Government bonds settlement is already set at T+1.
How will T+1 settlement actually work?For example, let's say you execute a securities trade on Monday. After May 28, 2024, that transaction must be settled on the next business day, which would be Tuesday if the markets are open. If you were to successfully trade on a Friday, your settlement date would be the following Monday—as long as it isn't market holiday. Note: Mexico and Canada are also moving to T+1 settlement on May 27—U.S. markets reopen on May 28 that week because of the Memorial Day holiday.
How could T+1 influence certain investment decisions?Some investors will want to make sure they own shares by specific dates to participate in proxy votes or annual meetings. In these cases, shorter settlement cycles can help the investor.
Could T+1 affect margin interest?In certain cases. For example, margin account investors who place a trade but need to sell money market funds (MMFs) to cover their purchase need to make sure those MMF proceeds are available before or on the same day as settlement to avoid a margin interest charge. That means for margin account trades in bonds, equities, or other securities, MMFs will need to be sold by 4 p.m. ET.
Are there potential tax issues?Because of T+1, you'll have half the time to correct any cost basis decisions you made in a trade. Once settlement is complete, your cost basis—your total initial investment, any commissions or fees paid, and decisions on how you'll collect dividends and distributions—is set for tax purposes. After T+1 goes into effect, any cost basis adjustments will have to be made within one business day of the trade, not two.
Bottom line
On May 28, 2024, T+1 arrives for U.S. investors, trimming the settlement cycles for securities trades from two days to one. For some investors, one-day settlement cycles may mean greater convenience. For others, T+1 may require closer attention to how shorter settlement times could affect one's investment, trading, or tax decisions. To learn more about how this transition could affect your individual situation, consider reaching out to a qualified advisor.
https://www.schwab.com/learn/story/7-things-to-know-about-t1-settlement
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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 Thurs. 23 May 2024 CompiledThurs. 23 May 2024 12:01 am ESTby Judy Byington
Judy Note: It’s the end, and time for a New Beginning. Keep love for all humanity in your heart and God in your plans to help them.
Jamie Dimon, the CEO of JPMorgan Chase, has announced his plans to retire, while FDIC Chair Martin Gruenberg would also step down. The FDIC lacks sufficient funds to cover insured accounts.
These developments, alongside the introduction of the “End the Fed” Bill and the passage of a Blockchain Bill, signal a shift in global economic and financial systems back to The People.
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 Thurs. 23 May 2024
CompiledThurs. 23 May 2024 12:01 am ESTby Judy Byington
Judy Note: It’s the end, and time for a New Beginning. Keep love for all humanity in your heart and God in your plans to help them.
Jamie Dimon, the CEO of JPMorgan Chase, has announced his plans to retire, while FDIC Chair Martin Gruenberg would also step down. The FDIC lacks sufficient funds to cover insured accounts.
These developments, alongside the introduction of the “End the Fed” Bill and the passage of a Blockchain Bill, signal a shift in global economic and financial systems back to The People.
Global Currency Reset:
Judy Note: Apparently Tier4b (us, the Internet Group) has not yet been notified of how to set exchange and redemption appointments, although some Bond People are liquid and expectations are that things will start to explode this Memorial Day Weekend.
Wed. 22 May 2024 Wolverine Chat: “This will not be a long chat. There was a meeting last night in Reno. The topic was when to release the notifications. The notifications are coming out. The main bondholders are hopefully expecting notifications today. So hold on everyone!! We are on the very edge of this! Expecting notifications to come in today for the major bondholders. Tier4B, in my opinion, will hopefully come in on the weekend. Things are happening in the Pentecostal group. The leader will be having a get together in Bogota the first week of June, so then they will be ready to go. It was a very good audio that they put out yesterday. Hopefully they will be able to release it has been long time for that platform as the owner has been through so much. Not much other Intel coming through right now. Keep your fingers crossed and hopefully we will have good news very soon. Take care,” Wolverine
Wed. 22 May 2024 MarkZ: “I am confident that some Bond Holders such as those in Humanitarian Projects are being paid and bonds are moving today Wed. 22 May.”
Tues. 21 May 2024 Banker: “Well folks was advised we would have positive indications today but now am being told it should come on the 24th which is this coming Friday which would give the banks time to deal with their Fridays and Mondays and begin to schedule appointments later into next week. We can only hope that at some point these projections will be accurate.”
Tues. 21 May 2024 Unknown Source: “Banks in the USA will close on the 24th and until May 27th (Monday) they will be offline, without credit cards and without access to 24-hour banking. It will be the beginning of AES – EMERGENCY ALERT SYSTEM and on Tues. 28 May 2024, some banks and companies will no longer open.
~~~~~~~~~~
Tues. 21 May 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#:
There was a meeting last night with 64 individuals in Reno to decide when the emails were going out for Tier 3, 4a,b. They were told to make the decision whether this was going on Tues. 21 May, or on Wed. 22 May.
A Metals Broker said that this could go overnight tonight Tues-Wed 21, 22.
Everyone left Reno either last night or at 6am this morning. That means they got things done and we should have this overnight tonight or tomorrow.
~~~~~~~~~~
Global Financial Crisis:
Tues. 21 May 2024 Congressman Tom Emmer calls to ban CBDC’s and says President Biden wants to trade Americans’ right to privacy for a CCP-style Central Bank Digital Currency surveillance tool.
Read full post here: https://dinarchronicles.com/2024/05/23/restored-republic-via-a-gcr-update-as-of-may-23-2024/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man There's a lot of money going to to be made in Iraq and it's all starting to come together. When the World Bank is sitting at the table and they're working to finance projects, take a look at it. It doesn't smell of, 'oh, this is never going to happen, blah, blah, blah, we heard this two years ago.' No you didn't. I have to tease because I still get that on occasion.
Frank26 Question "What does your gut say the rate will be in the end?" Remember I said IMO the float would probably be between $3.36 and $4.25 would be a good place to cap it.
IMPORTANT IMF Report on Iraq's Economy GDP Prediction Good News
Edu Matrix: 5-23-3034
IMPORTANT IMF Report on Iraq's Economy GDP Prediction Good News - The International Monetary Fund's Latest Report on Iraq is Good News.
Currency News; Iraq: Iraqi Dinar, Vietnam Dong, ZiG Currency, Haiti's Currency, Gold, and BRICS Currency Plans.
China SELLS RECORD $53.5B in US Debt, Geopolitical Risks & Fear of Sanctions Shift Global Economies
Lena Petrova: 5-22-2024
Read More
Militiaman, News Dinar Recaps 20 Militiaman, News Dinar Recaps 20
Iraq Dinar - IQD Related Update - Global Interconnectivity - Timing - Delete Zero's - Exchange Rate
MilitiaMan and Crew: 5-23-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Iraq Dinar - IQD Related Update - Global Interconnectivity - Timing - Delete Zero's - Exchange Rate
MilitiaMan and Crew: 5-23-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Read More
News DINARRECAPS8 News DINARRECAPS8
Iraq Economic News and Points To Ponder Late Wednesday Evening 5-22-24
The Central Bank Announces Approved Dollar Sales Outlets For Pilgrims
Economy News _ Baghdad Today, Wednesday, the Central Bank of Iraq announced outlets for selling dollars to pilgrims.
The bank said in a statement received by Al-Iqtisad News, “The outlets for selling the dollar to pilgrims are in the branches of Al-Rashid, Al-Rafidain, Al-Iraqi Trade, and Al-Nasik banks, in addition to a number of money exchangers in Baghdad and a number of governorates.”
What Are The Reasons For The World Bank’s Demand To Reform The Retirement System In Iraq?.. Economic Clarification
Posted On05-22-2024 By Sotaliraq Economist Nabil Al-Marsoumi explained the reasons for the World Bank's demand to reform the retirement system in Iraq.
Iraq Economic News and Points To Ponder Late Wednesday Evening 5-22-24
The Central Bank Announces Approved Dollar Sales Outlets For Pilgrims
Economy News _ Baghdad Today, Wednesday, the Central Bank of Iraq announced outlets for selling dollars to pilgrims.
The bank said in a statement received by Al-Iqtisad News, “The outlets for selling the dollar to pilgrims are in the branches of Al-Rashid, Al-Rafidain, Al-Iraqi Trade, and Al-Nasik banks, in addition to a number of money exchangers in Baghdad and a number of governorates.” Views 85 05/22/2024 - https://economy-news.net/content.php?id=43639
What Are The Reasons For The World Bank’s Demand To Reform The Retirement System In Iraq?.. Economic Clarification
Posted On05-22-2024 By Sotaliraq Economist Nabil Al-Marsoumi explained the reasons for the World Bank's demand to reform the retirement system in Iraq.
Al-Marsoumi said in a blog post, “According to data from the General Retirement Directorate, the total number of civilian and military retirees in Iraq in 2020 reached 2.486 million retirees, while the number of retirees who receive their salaries from the retirement fund reached 544 thousand retirees.”
He pointed out that “the budget bears the disbursem*nt of the salaries of 1.942 million retirees,” noting that “the total value of the monthly salaries of retirees amounts to 1.551 trillion dinars, and the annual value is 18.612 trillion dinars.”
He stated that “the total annual pension salaries borne by the general budget are 11.772 trillion dinars in 2020, while 6.840 trillion dinars are paid from the retirement fund.”
He stressed that “today’s numbers have risen a lot, especially since 120,000 employees annually are referred to retirement after reducing the retirement age to 60 years,” noting that “retirement referrals before 1/1/2008 are all paid from the public treasury according to the laws of transitional justice, political dismissals, and all others.”
Laws legislated by the House of Representatives. As for those referred to retirement after 1/1/2008, their salaries are paid from the Retirement Fund, while retirement rewards are paid from the state treasury.”
He continued, “The government depends, in its financing of pensioners’ salaries and all other forms of social protection programs, on financial resources financed by oil revenues, which exposes it to delaying or even to the risk of stopping due to the fluctuation of these revenues, especially linked to highly volatile global oil prices, due to external rather than internal factors on the one hand, and low efficiency in Managing the funds of the pension fund, which lacks transparency in disclosing its assets and aspects of its investments, on the other hand.” LINK
Referring The 2024 Budget Tables To Parliamentary Finance
Money and business Economy News – Baghdad Today, Wednesday, the House of Representatives announced the referral of the schedules of the Federal General Budget Law 2024 to the Parliamentary Finance Committee.
According to a document issued by the Council, seen by Al-Iqtisad News, “Acting Speaker of the House of Representatives Mohs Al-Mandalawi referred the schedules of the Federal General Budget Law 2024 to the Parliamentary Finance Committee.” - https://economy-news.net/content.php?id=43645
Raq Intends To Deliver The Capacity Of The Northern Refineries To 600 Thousand Barrels Per Day
Reconstruction and building Economy News – Baghdad The Northern Refineries Company, affiliated with the Ministry of Oil, announced today, Wednesday, the total refining capacity of the Northern refineries, while indicating the continued development of the refineries and raising them to the ranks of international companies.
The director of the project management department at the company, Ata Aliwi Hussein Al-Hamdani, said: “The Northern Refineries Company is witnessing a major renaissance and development that will place it among the major refinery companies in the Middle East, as the cadres of the Project Management Department, the Maintenance Authority, and the company’s supporting departments have begun establishing Refining Unit 3 at the Salah al-Din Refinery.”
To be the nucleus of the Salah al-Din Refinery 3, which will be added to the company’s refinery complex with a capacity of 70,000 barrels per day,” indicating that “a new refining capacity will be added to the current basic refining capacities existing in the company.”
Al-Hamdani added, “Salah al-Din Refinery 1 will have a refining capacity of 70,000 barrels per day, Salah al-Din Refinery 2 will have a refining capacity of 70,000 barrels per day, while the North Refinery will have a capacity of 150,000 barrels per day, and the small refining units 2 and 3 in the North Refinery will have a capacity of 20.” One thousand barrels per day. It is hoped that these units will enter into trial operation this year. The Salah al-Din 3 refinery will have a capacity of 70 thousand barrels per day. It is hoped that the refining unit will be completed within one year.
Thus, the total capacity of the Al-Samoud Refinery Complex during the coming year will be approximately 380 thousand barrels per day. "
He continued: “As for the company’s external refineries, the Project Management Department, under the guidance of the Director General of the Northern Refineries Company, continues to implement the company’s plan to raise refining capacities during the current and next years.”
He explained, "The current capacity of the Kirkuk refinery is 56 thousand barrels, and after the completion of concentration unit 109, it will be 76 thousand barrels per day, while the current capacity of the Siniya refinery is 30 thousand barrels per day, and after the completion of the two new units, the refining capacity will be 50 thousand barrels per day, and the current capacity of the Haditha refinery is It reaches 16 thousand barrels,
and after completing the two new units, the refining capacity will be 36 thousand barrels per day, and the Kasak refinery has a current capacity of 20 thousand barrels per day, and after completing the new unit, the refining capacity will be 30 thousand barrels per day.
As for the Qayyarah refinery, the available refining capacity will reach approximately 12 thousand barrels per day. After completing the new unit, the refining capacity will be 32 thousand barrels per day,” noting that “the refining capacity of the current and added external refineries will be 204 thousand barrels per day.”
He pointed out that “the total refining capacity of the current and added North Refineries Company will be 584 thousand barrels per day, which is an unprecedented refining capacity in the field of the refinery sector, with the addition of complementary units such as hydrogenation, isomerization and improvement of gasoline units, energy units, technical services, pumping and storage units, industrial water transactions, and others, with modernization projects.” Units, infrastructure, residential complexes, investment units and refineries.”
He stated that “the Northern Refineries Company has also begun preparing the requirements for establishing the FCC unit, which is a unit consisting of four basic units to maximize the production of improved gasoline and intermediate distillates. This unit works on the fuel oil or black oil remaining in the refining tower produced by the company’s refineries,”
pointing out that we We seek to implement all plans and programs to raise refining capacities, modernize and develop the company’s refineries, and elevate it to the ranks of major international companies in the refinery sector in Iraq and the Middle East.” 242 views 05/22/2024 - https://economy-news.net/content.php?id=43641
Oil Prices Decline Amid Expectations That Interest Rates Will Remain High For A Longer Period
Wednesday 22, May 2024 08:08 | Economical Number of readings: 140 Baghdad / NINA / Oil prices fell for the third session in a row today, Wednesday, amid expectations that the Federal Reserve (the US central bank) will keep interest rates high for a longer period due to continued inflation, which may affect fuel use in the world’s largest oil consumer.
Brent crude futures fell 43 cents, or 0.5%, to $82.45 per barrel, and US West Texas Intermediate crude futures fell 50 cents, or 0.6%, to $78.16.
US Central Bank officials said yesterday, Tuesday, that the bank must wait several more months to ensure that inflation actually returns to the target path of 2% before any interest rate cuts.
Oil prices fell yesterday, Tuesday, as investors expected that inflation and continued interest hikes in the United States would lead to a decline in consumer and industrial demand.
Yesterday, Tuesday, Brent crude futures contracts fell by 46 cents, equivalent to 0.55%, to $83.25 per barrel by 07:28 GMT.
US West Texas Intermediate crude fell 55 cents, or 0.69%, to $79.25 a barrel. Both benchmarks fell less than 1% on Monday after US Federal Reserve (central bank) officials said they were waiting for more signs of slowing inflation before considering lowering interest rates./Ends 9
https://ninanews.com/Website/News/Details?key=1128035
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Thoughts and Points to Ponder on Money
Inflation is determined by money supply growth.-Roger Bootle
Laws go where dollars please.-Portuguese proverb
Money can't buy friends, but you can get a better class of enemy.-Spike Milligan
Money is not an aphrodisiac: the desire it may kindle in a female eye is more for the cash than the carrier.-Marya Marines
Money is the fruit of evil as often as the root of it.-Henry Fielding
Money, like a queen, gives rank and beauty .-Latin proverb
http://www.famousquotesandauthors.com/topics/money_quotes.html
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Chats and Rumors, Video, Vn Dong DINARRECAPS8 Chats and Rumors, Video, Vn Dong DINARRECAPS8
Iraqi Dinar Today Video Update Late Wednesday Evening 5-22-24
Finally Came out At $4.35 Governor Of The Central Bank of IRAQ Fully Agree – 4:16
IQD On Forex Sowing This Rate Of $3.90 – 3:44
United State And IMF Massive Announcement – 4:41
Chase Bank Wonderful Announcement On IQD New Exchange Rate – 5:04
Iraqi Dinar Today Video Update Late Wednesday Evening 5-22-24
Finally Came out At $4.35 Governor Of The Central Bank of IRAQ Fully Agree – 4:16
IQD On Forex Sowing This Rate Of $3.90 – 3:44
United State And IMF Massive Announcement – 4:41
Chase Bank Wonderful Announcement On IQD New Exchange Rate – 5:04
Finally Came out At $4.35 Governor Of The Central Bank of IRAQ Fully Agree – 4:16
IQD On Forex Sowing This Rate Of $3.90 – 3:44
United State And IMF Massive Announcement – 4:41
Chase Bank Wonderful Announcement On IQD New Exchange Rate – 5:04
Read More
Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8
Goldilocks' Comments and Global Economic NewsWednesday Evening 5-22-24
Good Evening Dinar Recaps,
"Ripple CLO Claims The SEC Has a NODE on the XRP Ledger" A NODE offers ways to approve and process transactions without a centralized authority.
A node validates and authenticates blockchain transactions. A Blockchain node's primary job is to confirm the legality of network transactions.
Once a confirmation is made between two digital networks through a blockchain consensus, a transaction is validated on both sides of an exchange.
A protocol brings all nodes of a distributed blockchain network into agreement on a single data set or similar data confirming the right to move forward inside a blockchain connection. Then, a digital transaction can go through for both parties.
Goldilocks' Comments and Global Economic NewsWednesday Evening 5-22-24
Good Evening Dinar Recaps,
"Ripple CLO Claims The SEC Has a NODE on the XRP Ledger"
A NODE offers ways to approve and process transactions without a centralized authority.
A node validates and authenticates blockchain transactions. A Blockchain node's primary job is to confirm the legality of network transactions.
Once a confirmation is made between two digital networks through a blockchain consensus, a transaction is validated on both sides of an exchange.
A protocol brings all nodes of a distributed blockchain network into agreement on a single data set or similar data confirming the right to move forward inside a blockchain connection. Then, a digital transaction can go through for both parties.
This is done electronically and without the need of someone mediating the transaction on the QFS.
It looks like XRP and the SEC have decided to play ball together. Times Tabloid Trade Marks Ledger
© Goldilocks
~~~~~~~~~
Okay. It is official. Ripple and the SEC are doing more than playing ball together. They are in business together.
"Ripple has filed a new trademark for the phrase “RLUSD,” suggesting the likely listing symbol for its proposed dollar-based stablecoin." Trade Mark
A trademark does three things:
* It identifies the source of your product
* It provides legal protection for your brand name and product
* It protects you against counterfeiting and fraud
This officially ties the SEC and Ripple together in a partnership. This new filing has given them intellectual property rights to copy and expand in a business together.
This love/hate relationship has certainly turned a corner. As the pages are turned on their past relationship in courts, it will certainly be interesting to read the next chapters of what they can do together. The Crypto Basic Maynardnexsen
© Goldilocks
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Do you see why the XRP and SEC connection is so important? Yes, Ripple is ISO compliant. Now that changes things a little bit... 😉 © Goldilocks
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ISO 20022 Crypto: Which Coins & Tokens are Compliant? -CoinCheckup
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Iraq clears all debts to IMF |Iraqi News
Baghdad (IraqiNews.com) – The financial advisor to the Iraqi Prime Minister, Mazhar Salih, confirmed recently that Iraq has repaid all the loans it has taken from the International Monetary Fund (IMF) since 2003, a total of just under $8 billion.
Salih explained that the IMF provided several loans to Iraq, aiming to support macroeconomic stability and financial reforms, the Iraqi News Agency (INA) reported.
Between 2003 and 2021, Iraq obtained several financing programs from the IMF, including emergency loans and long-term financial assistance.
In 2016, the IMF approved a financial program worth $5.34 billion to support economic reforms in Iraq. Within five years, Iraq paid out the loan in full after obtaining two-thirds of the total.
Iraq sought a $6 billion emergency loan from the IMF in 2021; however, the loan was not granted because, at the time, it hadn’t been linked to any of the IMF’s initiatives.
Iraq’s engagement with the IMF was intended to assist in addressing the economic issues brought on by the drop in oil prices, which were connected to fluctuations in the balance of payments, as well as to promote government reforms.
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The People’s Bank of China (PBOC) and the Bank of Thailand signed a memorandum of understanding (MOU) on Tuesday to enhance cooperation in facilitating bilateral transactions using local currencies. |Modern Diplomacy
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The American Bankers Association urged House leaders to back a bill that would stop the Federal Reserve from creating a CBDC for individuals. |Crypto News
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"Ripple believes in CBDCs seeing them as crucial for asset tokenization!"
Is Ripple about to be the CBDC alternative? Is Ripple quickly becoming the new CBDC? Will Ripple replace the dollar?
The answer to these questions are simply put, not likely. Yet, Ripple is what is going to move CBDCs and all assets inside the new digital economy.
Ripple respects your privacy and intends to keep your information secure. (See article below) Ripple will be the settlement token that will move your money.
This is the most likely scenario that will be seen going forward. It is an alternative option that may very well be what will take place.
Life is a Quantum Soup and the taste of the final product is and will be determined by the ingredients that make it up. Rich Turrin Substack Ripple Energy
© Goldilocks
~~~~~~~~~
👆Ripple is at the forefront of the CBDC revolution, engaging with governments globally to leverage its technology for digital currency development. In May 2023, Ripple launched a dedicated platform to assist central banks, governments, and financial institutions in issuing CBDCs and stablecoins. 2 days ago |Forbes
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3 Unconventional Trends Reshaping The Business Landscape |Forbes
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Todays House Bill removes the @SECGov entirely from crypto. Puts all power in the hand of the Secretary of the Department of Commerce. Since 2021 this was Gina M. Raimondo. @SecRaimondo
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Banking Announcement:
Spot Ethereum ETF approved. Ethereum is a smart contract. Here's what it does. ETHV is currently listed on DTCC.
The DTCC is the Depository Trust & Clearing Corporation. The DTCC clears and settles virtually all broker-to-broker equity markets. Yes, Forex is an equity Market.
"Asmart contractis acomputer programor atransaction protocol()that is intended to automatically execute, control or document events and actions according to the terms of acontract()or an agreement."
It ensures that both sides of a trade can be securely executed with enough funds to ensure all requirements are fulfilled. Reuters TheBlock
© Goldilocks
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Swift Unveils New Cross-Border Payment Tracking Solution |PYMNTS
Swift Announcement: Swift is extending ISO 20022 across the entire payment chain. 👇
"Swift has unveiled new ways for financial institutions to streamline cross-border payments for corporate customers.
The financial messaging service said it is doing this “by extending ISO 20022 across the entire payment chain and giving banks ready-to-use, white-labeled tracking services that can be activated for customers at the click of a button,” per a Tuesday (May 21) news release.
Swift plans to allow financial institutions (FIs) to capture rich data at its source by standardizing payments end-to-end with ISO 20022, according to the release.
In addition, Swift says it will also help banks offer customers payment tracking services by API or messaging channel, for complete transparency on the status of a payment as well as confirmation that it has been received."
So now, we have access to the ISO 20022 messaging system.
* Goldilocks
~~~~~~~~~
What a month to remember...
~~~~~~~~~
Expanding the cross-boundary e-CNY| Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) have made further progress in the e-CNY pilot for cross-boundary payments, to expand the scope of e-CNY pilot in Hong Kong to facilitate the setup and the use of e-CNY wallets by Hong Kong residents, as well as the top-up of e-CNY wallets through the Faster Payment System (FPS).
The interoperability between the FPS and the e-CNY system operated by the Digital Currency Institute (DCI) of the PBoC also marks the first linkage of a faster payment system with a central bank digital currency system in the world. It provides an innovative use case which underscores interoperability, a key area set out in the G20 Roadmap for enhancing cross-border payments.
~~~~~~~~~
AI Is Taking Over Accounting Jobs As People Leave The Profession |Forbes
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Asia Pacific Outshines Globally in Instant Payments Adoption -Blockchain News
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Swift standardizes payments end-to-end and gives banks ready-to-use tracking services to enhance corporate |Swift
👆this is going to change ISO20222 timelines a bit...😄
~~~~~~~~~
Brussels, 21 May 2024 -Swift has today set out plans to help financial institutions streamline the cross-border payments experience for their corporate customers, byextendingISO 20022across the entire payment chain and giving banks ready-to-use, white-labelled tracking services that can be activated for customers...1 day ago |Swift
👆I will say more on this tomorrow. This changes the game quite a bit my friends.
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VanEck's Ethereum ETF listed on DTCC ahead of SEC decision |ReadWrite
VanEck's spot Ethereum ETF listed on DTCC platform under "ETHV" ticker, awaiting SEC approval to become active.
SEC officials in contact with major exchanges to update and modify existing spot Ether ETF applications.
Crypto community divided as May 23 deadline for SEC's decision on VanEck's ETF application approaches.
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A smart contract can execute an FX swap contract by locking the agreed rates and amounts on the blockchain, and transferring the funds automatically on the specified dates. This can reduce the need for intermediaries, such as banks or brokers, and lower the transaction fees and settlement time. |Linkedin
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This Is SeriousBRICS Nations Have Officially Set A Date To Ditch The US Dollar. |Twitter
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Ripple Vs. SEC Lawsuit: Latest Filing Marks Beginning Of The End Of Historic Battle |Bitcoinist
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IF THIS HAPPENS - CRYPTO WILL EXPLODE OVERNIGHT! MEGA CRYPTO NEWS! |Youtube
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Secret Banking Crisis Looms; What the Fed Doesn’t Want You to Know – Insider Nomi Prins |Youtube
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