Short Monday Evening Update With MarkZ 1-31-2022

Monday Evening Update with MarkZ 01/31/2022

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: The can is two dimensional from kicking so much

Member: The can has been crushed by the DS. We need a new can so it can be kicked properly.

Member: I don't think they are kicking the can anymore, I think someone stole the damn can

Member: We don't need a can ….we need fireworks

Member: Mark. DID OUR BONDHOLDERS GET paid??????

MZ: I am hearing they have been practicing transfers for bonds all day long. They are testing it very thouroley this afternoon and release the bond funds this evening . There had been problems transferring large amounts of money from QFS to (I guess) existing bank accounts.

MZ: This is what I was being told….they are practicing sending this afternoon and hope to release these funds this evening ….i will cross my fingers…..we all want this thing to get done.

MZ: I am waiting for the trashing now…….

Member: Does sounds a bit like the “Boy who cried wolf” again….

Member: Thanks Mark…..we won’t shoot the messenger.

Member: Mark so then are they actually testing transferring money for the liquidity for the bonds?  That’s positive news.

Member: A descreet source, with INTEL connections. Provided an update at 5:08 PM EST. 1/31/22."Notifications T4B, anytime from now, to a couple of days, IMO.

Member: Hi Mark, if the SWIFT system ends tonight and the Pinnacle system begins in the morning then we are starting our gold backed currency. Does that mean Nesara Gesara begins officially on Feb 1?

MZ: I believe that would be true…

Member: its now Tuesday in Iraq.

MZ: My last update from Iraq said they were looking for a new rate on Tuesday….lets see if they get it done by morning….

Member:  Dow is up 406 and some change

Member: I can’t see the RV until world economies collapse

MZ: They world is full of bad news and the Dow keeps going up…..we have many of the worlds biggest banks that are literally saying the Fed only has 2 options. To let inflation run and values go out of hand….or to cut back on the money raise the rates and put us all in a recession.

MZ: I have a third option. They can give us the reset so the world can move forward with prosperity.

Member: Does the current administration have to be gone for us to get this?

MZ: As I understand it they will be gone the minute we get this…..based on my understanding of Nesara/Gesara.

Member: Will wealth managers be at our exchange?

MZ: They will have representatives at the redemption centers in hopes of getting your business….is what I have been told. Someone will shake your hand….hand you a business card and ask if you want to make an appointment with them

Member: they gonna need a chit load of 800 numbers

Member: military needs to hurry up and do something

MZ: This video is a must to watch if you want to know how the fiat monetary system works.  Here is the best explanation I have seen in decades…..

MZ: Watch the Video “The end of the road” by Monkey films on Amazon Prime….End of the Road: https://tubitv.com/movies/451883/end_of_the_road

Member: register your email address at dinarrecaps dot com. They will notify you when the RV happens and tell you where to call or log on to make your appointment…

Member: so Will MarkZ and other intel providers……I think RV info will posted many places……

Member:  Evening MarkZ, Thanks as always for all the latest News & RV Updates…February hopefully is OUR Green Light for Notifications to Exchange

Member: MarkZ thank you very much from all of us.

Member: See you later alligators

Please listen to replay for all the information

The next stream is tomorrow at 10Am est……..

https://www.youtube.com/watch?v=iC-73zu2HsQ

News, Rumors and Opinions Monday Night 1-31-2022

Fleming Update Monday Night

The banking scene continues to consolidate, merge and change in compliance with the Basel 3 minimum requirements. Just as Putin decreed in Russia, banks will either conform to meet these new requirements, or close.

Required minimums can be held in a variety of ways. The latest plot twist is the digital FX Derivative. This is asset-backed digital pairs, made possible by new Central Banking laws, and the IMF's acceptance of this asset class. This is the start of a the new world banking.

As of February 1st Standard Chartered Bank in HK and London, is now trading these FX Derivatives, with full accountability, insurance wraps and market acceptance and this is the tip of the iceberg. Beijing's 

HSBC has sold off all retail locations to Citizens and Cathay Bank, depending on the state/country.

https://www.pontodepoder.com/7xy4uyit/archive.php?id=hsbc-changing-to-citizens-bank

 Personal banking will be completely different by this time next year. As the Quantum Financial System takes over all banking transactions, this will take place quickly, and organically.  

This is the end of fiat and the integration of digital money. 

Because of strict NDAs we have not heard from the banks acknowledging the USN. This didn't need to happen anyway. We're fine with soft announcements like bank appointments. This is shaping up to be a great week ahead.

 **********

Courtesy of Dinar Guru

Nader From The Mid East   Here's the good news.  From here till next week the rate will go up.  I don't know if they're going to RV it or RI it.  Or I have no idea if they're going to the 'previous' it.  The previous is 1160 but I think they're going to put it at 1150.  I hope they RV it...I know something is going to happen this week or by next week.  I know for sure yes...they keep saying they're going to do, they're going to do it, they're going to do it but we don't know when they're going to do it.

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

KTFA:

Samson:  The Central Bank of Kuwait allows applications to establish digital banks

31st January, 2022

The Central Bank of Kuwait announced the opening of the door to receive applications for the establishment of new banks that provide their services completely digitally through a general banking license. It also allowed existing banks to form a digital banking unit within the bank without the need for a new license

The Central Bank has given those wishing to establish this type of bank a deadline to submit their applications, which ends on June 30, indicating that the results of the submitted applications will be announced at the end of this year 2022, according to what was stated on the bank’s website today, Monday

The Central Bank clarified that this decision comes as part of the bank’s endeavors towards accelerating the digital transformation process at the level of the Central Bank and the banking and financial sector, and a number of steps were announced that would start a new era of digital banking and financial work

In the context of supporting and enabling financial technology companies (Fintech) , the Central Bank is currently working on updating the regulatory framework for the work of these companies in the areas of payments, microfinance and the experimental regulatory environment

This came during a virtual meeting entitled “Empowerment and Empowerment” held by the bank today, Monday, during which it shed light on the Central Bank of Kuwait’s digital strategy with the aim of achieving further development in analytical tools and accelerating the digital transformation process

In a video broadcast by the Central Bank on its website, Muhammad Al-Khamis, Director of the Office Supervision Department at Bank of Kuwait, said

The Central Bank said that the bank has completed the development of a framework for digital banking “with the aim of stimulating innovation,” noting that this framework allows the provision of digital banking services according to three models of digital banking  LINK

ALERT! China Stops Evergrande Asset Repo as Silver's COMEX Regulator Self-Destructs!! (Bix Weir)

Jan 31, 2022

China is doing everything to STOP the Foreign Creditors from confiscating the assets of Evergrande. I GUARANTEE you that if the asset is located on the Chinese Mainland it will NEVER be allowed to benefit the foreign lender! NEVER!

The reversal of Globalization is upon us and it will have MASSIVE implications!

https://www.youtube.com/watch?v=BZUbqrhbYY4

MUST WATCH: If The Federal Reserve Fails To Act Again- THE STOCK MARKET WILL CRASH.

Greg Mannarino:  Jan 31, 2022

https://www.youtube.com/watch?v=rE_CJdy6MGU

Iraqi News Monday AM 1-30-22

Iraqi News Monday AM 1-30-22

TLM724 Administrator BondLady’s Corner

The Purchasing Power Of The Citizen Decreased By 22%

Monday 31 January 2022  214  Baghdad: Haider Falih Al-Rubaie  Specialists in economic affairs identified a number of reasons for the high levels of inflation in the country, and their reaching rates they described as “dangerous”, putting at the forefront of these reasons the increase in the prices of food, health services, transportation and electricity, stressing that the high levels of inflation have eaten up approximately 22% of the purchasing power of the citizen. , and led to an increase in poverty rates, and while they agreed that changing the exchange rate is the main cause of high inflation rates, they stressed the need to launch more initiatives aimed at establishing small and medium enterprises, especially in the industrial, agricultural and investment sectors.

The latest statistic published by the Ministry of Planning showed a rise in annual inflation rates of 8.4%, which represents a “danger bell” for a number of economists, who warned of the dangers of rising inflation rates on the national economy in general.

Economic Risk

Despite the significant negative effects of inflation on the national economy in general, however, the economist, Manar Al-Obaidi, believes that the increase in its rates has a direct impact on the life of the citizen, leads to high rates of poverty, and paralyzes the increase in per capita GDP.

Al-Obaidi pointed out that “measuring the level of price increases for each item or service, is after measuring the level of its impact on the citizen. The importance of the food sector is approximately 28% for the citizen, followed by the housing and rental sector, whose importance is 17%.”

The economic expert pointed out that “inflation rates in Iraq rose in important sectors, including those that are of great importance such as the food sector, as well as important and necessary sectors for people’s lives, such as the health, electricity and water sectors, which witnessed clear increases.

Food Security

Al-Obaidi believes that the food sector plays an important role in the process of rising inflation rates, because of its great relative importance, which necessitates working to achieve food security by adopting agricultural, industrial and agricultural projects and increasing equivalent productions such as canning and storage, stressing that these steps would Contribute to alleviating the rise in prices globally, and provide Iraq with food security away from external influences, and away from the impact of the exchange rate.

The expert pointed out that "the health sector, other goods and services, and electricity supplies are among the sectors with the highest rise in prices, as they witnessed an increase of more than 30%, and these percentages require active intervention from various parties to reduce them."

Investing Money

With the aim of reducing the effects of inflation on the Iraqi economy, Al-Obaidi urged the harm of investing the surplus funds of the state and the reserves of the Central Bank, to launch initiatives that work to establish various projects that can contribute to reducing inflation rates, and to strive seriously to find real productive job opportunities that distance us from the “social welfare” state.

“We are experiencing today, especially with the high unemployment rates that have turned from a problem into a real disaster, rising with more than 500,000 people entering the labor market annually.

Al-Obaidi also stressed the importance of “investment in education,” stressing that human capital is one of the factors affecting the rise in unemployment rates, and therefore real strategies must be worked out to implement education projects that raise the rate of human capital, which will contribute to reducing unemployment rates significantly. .

Exchange Rate

In turn, the economist, Dr. Ali Hadi Al-Nusaifi, attributed the inflation rates to these levels to the change in the exchange rate and the devaluation of the local currency by 22% in parallel with the size of the bill of large foreign imports that are financed in dollars, stressing that this led to the citizen losing a percentage of purchasing power.

His income is much greater than the rate of devaluation of the currency due to the lack of control over the markets and its outrageous rise, indicating that this rise was paid for by the low-income brackets, and then led to the expansion of the poverty gap and the increase in the size of unemployment.

Al-Nusaifi also indicated, among other reasons, that he said that they contributed to the increase in inflation rates to those rates he described as “dangerous,” including “the absence of a production function, exports being limited to oil resources, high costs on commodity requirements, and high taxes.”

Suggestions And Solutions

In order to reduce the effects of inflation and reduce its high rates, the expert Al-Nusaifi suggested a number of points that he called on the government to implement, putting at the forefront of those points, strengthening the ration card program, and working on the “cash allowance” to replace the commodity, provided that the value of the goods in the market is taken into account, as well as Re-working the supported central market program, activating the market monitoring program, and reducing taxes and customs on some productive activities. Funding initiatives for small projects of not less than 10 trillion dinars to reduce unemployment and reduce the poverty gap before it is classified in extreme and dangerous levels.   LINK

The Stability Of The Dollar Exchange Rate Against The Dinar

Economie| 10:52 - 31/01/2022  Baghdad - Mawazine News, today, Monday, the dollar exchange rates maintained their stability in the local markets.  And the selling prices of the dollar were 148,000 dinars per 100 dollars, while the purchase prices of the dollar were 147.750 dinars per 100 dollars.   https://www.mawazin.net/Details.aspx?jimare=183218

Central Bank Sales Of Dollars Recorded More Than 197 Million

Economie| 01:58 - 31/01/2022   Baghdad - Mawazine News: The bank's sales of hard currency, today, Monday, decreased slightly, by 2.96 percent.

The Central Bank auction today for the sale and purchase of foreign currencies witnessed a decrease of 2.96% to reach 197 million and 370 thousand dollars, covered by the bank at a base exchange rate of 1460 dinars per dollar.

Most of the bank's sales went to enhance balances abroad in the form of remittances and credits, which amounted to 145 million and 900 thousand dollars, while the remaining amount of 51 million and 470 thousand dollars went in cash.

This has been 27 banks to fulfill requests to enhance balances abroad, and 20 banks to meet cash requests, in addition to 196 mediation companies. https://www.mawazin.net/Details.aspx?jimare=183240

The Appearance Of Muhammad Salih On The Budget Delay: The State's Financial Activity Will Continue... But!

Posted On 2022-01-31 By Sotaliraq  Yesterday, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, outlined the economic impact resulting from the delay in approving the general budget.

Saleh said, in a press statement followed by (Al-Mada), that "the effective financial management law is an exceptional and important alternative to managing the country's public finances, in case the approval of the general budget is delayed for any reason, as is the case at the present time, and it is a specific financial policy.

Through it, disbursement mechanisms are exercised in a manner similar to the actual current expenditures that were disbursed successively in the previous year 2021 and according to an exchange rule of 1-12 per month.”

He added, "If this mechanism is available, the financial activity will continue without creating booms that suit the higher and desired levels of growth in the economy in its current situation, especially in the implementation of projects, programs and investment activities, as well as providing new government job opportunities, which means that the current financial activity is an activity The minimum, which represents the last year and does not correspond to the desired activities that the budget aspires to in accordance with the levels of population and sectoral growth desired, to meet its needs, which are definitely the largest, especially the issue of new investments and their impact on reducing unemployment in the labor force and business activity in the private sector and its important impact in promoting the activity of National income if it is achieved.

He pointed out that “there will remain a gap between the required financial planning that fits the annual increase in population and development needs, which is approved by a general budget planned according to the needs and expansions of economic life and the development of its conditions in accordance with the objectives of the annual budget law and for each year, and the absence of a budget that is replaced by the adoption of last year’s standards to meet the needs of economic growth population this year.

He continued, "There is an overlap and divergence between financial needs and desires and the available financial policies that depend on last year's standards for the current year," noting that "the longer the budget law legislation is disrupted, the slower new expenditures that serve the growing economic activity and record a state of quasi downturn in the national economy.

He pointed out that "the general budget expenditures constitute approximately 50% of Iraq's gross domestic product, but in this case and the absence of legislation, the expenditures will remain slow and do not reflect the criteria of a financially prosperous year in oil revenues such as the current year, unless the budget is enacted as soon as possible and in accordance with standards development and stability for 2022. LINK

Al-Ghazi Clarifies The Agreement To Protect The Saudi Investor And Confirms The Imminent Opening Of A New Border Crossing

Economie| 09:03 - 30/01/2022   Baghdad - Mawazine News   The Secretary-General of the Council of Ministers, Hamid Al-Ghazi, announced today, Sunday, that the opening of the Jamima port with Saudi Arabia is dependent on a single procedure, while noting that the Council of Ministers has approved an agreement to protect the Saudi investor.

Al-Ghazi said, "The opening of other border crossings with Saudi Arabia is a matter of discussion between the two sides, and we have the Jumaima port, whose approvals and procedures have been completed," noting: "We asked the Saudi side to complete the procedures from their side to start opening this port."

He added, "After the opening of the Arar port, we faced many problems and obstacles, and they were resolved in coordination between the two parties through the Iraqi Border Ports Authority and the Saudi Ministry of Transport," noting that "the near opening of the Jumaymah land port, which is among the papers presented now."

He stressed that "the level of trade exchange stopped for many years, and after the opening of the Arar port less than a year ago, we reached a trade exchange of 15% between the two countries, and this means moving in the right direction and real growth by developing the economic aspect to reach the level of ambition between the two countries."

Regarding the provision of guarantees to the investor, Al-Ghazi explained that "capitals are looking for guarantees and this is their right, and Iraqi laws such as the investment law are among the best laws in the region that guarantee the rights of local and foreigners, and this is what has been clarified to businessmen," noting that "there is an agreement that has been approved by the Council of Ministers.

The ministers, their vote and approval were sent to the House of Representatives to vote on it, which is to protect the Saudi investor, and we asked the Joint Businessmen Council not to stop or wait.”

He added, "The Iraqi government is capable of protecting the Saudi investor as well as protecting the Iraqi investor, providing him with a safe environment and simplifying the procedures for him, and we made it clear that there is a fatal routine and this is what was inherited from laws and legislation and chaos in the instructions and regulations,"

noting that "the availability of real will and desire between The two countries are heading towards developing relations, and economic and commercial work will lead to a development in political work, and this is what we saw from the Iraqi-Saudi Coordination Council to unify positions between the two countries abroad.”

Al-Ghazi indicated that "the government is determined to overcome many obstacles, and I, as a national coordinator in coordination with the Saudi side, have overcome many problems, including extortion and threats," noting that "there are mafias and some weak-minded people who live on blackmail and threats.     https://www.mawazin.net/Details.aspx?jimare=183181

 To read more current and reliable Iraqi news please visit BondLady’s Corner:

 https://www.bondladyscorner.com/

Zig’s Place Chatroom News Monday AM 1-31-22

Zig’s Place Chatroom News Monday AM 1-31-22

Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish

Butterfly   Zebari to win the presidential race, KDP leading figures assert 2022-01-31 09:00

Shafaq News/ Leading figures in the Kurdistan Democratic Party (KDP) cast question marks on the demonstrations protesting the nomination of Hoshyar Zebari for the presidency a few days ahead of the election session.

In a statement to Shafaq News Agency, Showan Mohammad Taha, a KDP leading figure, said, "those demonstrations are not popular. They are organized by political parties. Some of the Demonstrators serve in the presidential guards' brigades. We are aware that they received money to do what they are doing, and we know who paid them as well."

"The Tahrir square is the October martyrs square. Political parties shall keep their political disputes outside this square that played a vital role in changing the political situation."

A group of demonstrators gathered near the heavily fortified Green Zone, downtown the Iraqi capital Baghdad, to express their discontent with Zebari's candidature to the position.

For his part, Bengen Rekani, a representative of the KDP in the Kurdish delegation negotiating for the government formation, said, "more than 200 MPs will vote for Zebari according to the agreements with the KDP allies, the Sadrist movement, and the Sunni leading forces."

"Except for the political aspect, many of the Coordination Framework forces believe that Zebari has the political expertise and tolerance of different political parties to hold the position."

butterfly   Iraqi parliament will hold a vote to determine who will succeed the incumbent President of the Republic, Barham Salih, on February 7th.

Endorsed by the Patriotic Union of Kurdistan (PUK), Salih will be running for a second term in office.

However, the Kurdistan Democratic Party (KDP), who secured 31 seats in the recent parliamentary election-well ahead of the PUK's 18, has put forth the name of Hoshyar Zebari, a member of the KDP's Politburo and Iraq's former Minister of Foreign Affairs.

Talks between the PUK and KDP collapsed with the two leading Kurdish parties engaged in a strained war of words heated with reciprocal recriminations.

A few days after lifting their suspension following an order by Iraq's supreme court, the Parliament Speaker, Mohammad al-Halboosi, and his deputies convened last week to deliberate the procedures related to nominating and electing the next president. https://www.shafaq.com/en/Iraq-News/Zebari-to-win-the-presidential-race-KDP-leading-figures-assert

butterfly   Iraqi Parliament publishes the list of candidates for the Presidency 2022-01-31 07:16

Shafaq News/ On Monday, The Iraqi Parliament issued the final list of candidates for the Presidency of the Republic.

The Parliament’s General Secretariat said that based on the Law, the legitimate candidates for the Iraqi Presidency are:

1-Khaled Siddiq Aziz Muhammad

2- Faisal Mohsen Abboud Al-Kalabi

3- Shehab Ahmed Abdullah Al-Nuaimi

4- Hussein Ahmed Hashem Al-Safi

5- Ahmed Moh Imran Al-Rubaie

6- Ahmed Yahya Jassim Juweed Al-Saadi

7- Sabah Saleh Saeed

8- Kazem Khudair Abbas Daughneh

9- Rizgar Muhammad Amin Hama Saeed

10- Galawezh Ali Amin Pire

11- Louai Abdel-Saheb Abdel-Wahhab Al-Mohsen

12- Rebwar Arif

13- Hamza Al Maamouri

14- Hoshyar Mahmoud Muhammad Mustafa Zebari

15- Hussein Mohsen Alwan Al-Hasani

16- Abdul Latif Muhammad Jamal Rashid Sheikh Muhammad

17- Omar Sadiq Mustafa Majid Al Abdali

18- Barham Ahmed Al-Hajj Saleh Ahmed

19- Thaer Ghanem Muhammad Ali Baksh Al-Othman

20- Iqbal Abdullah Amin Al-Fatlawi

21- Khadija Qalaws

22- Jabbar Hassan Jassim

23- Hadi Abdul-Hussein Saddam Al-Fraiji

24- Raad Khudair Sayel

25- Omid Abdel Salam Qader Taha Balani

butterfly   It is worth noting that on February 7, the Iraqi representatives will vote in the Parliament for the next President.

The two main Kurdish parties are neck to neck as the elections approaches.

Earlier, KDP said that the Presidency position is entitlement of the Kurdish component, not a party itself.

While the PUK insists upon naming Barham Salih for a second mandate, its rival (Kurdistan Democratic Party-KDP) does not agree that it has "adequately discharged" the role of President and named Hoshyar Zebari as its candidate for the position.

Per the power-sharing formula between the two leading Kurdish parties, the President of the Republic was usually named by the PUK. However, this might change in light of the parliamentary election results that showed the KDP winning 31 seats, compared to the PUK's 17. https://www.shafaq.com/en/Iraq-News/Iraqi-Parliament-publishes-the-list-of-candidates-for-the-Presidency

butterfly   USD/IQD exchange rates stabilize in Baghdad and drop in Erbil 2022-01-31 03:27

Shafaq News/ The U.S. dollar (USD) exchange rates against the Iraqi dinar (IQD) stabilized in Baghdad and dropped Erbil today.

Shafaq News Agency correspondent said that the Central al-Kifah and Al-Harithiya exchanges are trading the USD at a rate of 147950 IQD to 100.

Our correspondent said that the buying and selling rates of 100 USD in the local markets of the Iraqi capital stood at 148500 and 147500 IQD, respectively.

In the capital of the Kurdistan Region, the USD exchange dropped; the buying and selling rates of 148000 and 147900 IQD for every 100 USD, respectively. https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-stabilize-in-Baghdad-and-drop-in-Erbil-8

butterfly   Accountability And Justice Complete The Scrutiny Of The Names Of The Presidential Candidates

POLITICIAN  01/31/2022 | 1:06 PM   Today, Monday, the Accountability and Justice Commission completed checking the names of the candidates for the presidency.

And the official Iraqi News Agency quoted the media department of the commission as saying, "The commission has completed checking the names of candidates for the presidency in accordance with its law No. 10 of 2008, especially Article 6 and its details."

He pointed out that "the number of candidates for the presidency of the Republic reached 26, one of whom is covered by the accountability and justice procedures," stressing that "the results have been officially handed over to the Presidency of Parliament."

The Speaker of Parliament, Muhammad al-Halbousi, announced, earlier, the opening of the nomination for the post of President of the Republic for 15 days, where the voting session for the candidates will take place on the last day. https://almaalomah.me/2022/01/31/579691/

butterfly   The Central Bank of Kuwait opens the door to receive applications to establish fully digital banks

An official in the Central Bank of Kuwait announced today, Monday, the opening of the door to receive applications for the establishment of new banks that provide their services completely digitally through a public banking license.

Director of the Office of Supervision Department at the Central Bank of Kuwait, Muhammad Al-Khamis, said that the deadline for receiving applications for establishing digital banks continues until June 30, indicating that the announcement of applications that meet the conditions will be by the end of 2022.

Al-Khamis confirmed, in a video broadcast by the Central Bank of Kuwait on YouTube, that the bank has finished setting up a framework for digital banking “with the aim of stimulating innovation.”

He pointed out that this framework allows the provision of digital banking services according to 3 models of digital banking:

The first is digital services provided by existing banks through a banking unit within the bank.

The second model is “Banking as a Service”, which is a model based on a partnership between an existing bank and a digital institution that forms the front end in terms of customer relationship management and marketing activities, while the responsibilities of operations fall on the bank itself.

The third model is the fully independent digital banking model.   Source: Reuters

butterfly   Pro-Iranian forces protest against Zebari's candidacy for the presidency of Iraq

BAGHDAD - Hundreds of supporters of the coordinating framework forces loyal to Iran demonstrated on Monday in the Iraqi capital, Baghdad, to reject the candidacy of the leader of the Kurdistan Democratic Party, Hoshyar Zebari, for the position of President of the Republic.

Supporters of the coordination framework (which includes Shiite political forces) went out to demonstrate in "Nour Square" west of Baghdad, rejecting Zebari's candidacy for the post of president.

Witnesses explained that the demonstrators raised banners that read, “We do not want advocates of secession,” and another that read, “Khan al-Amanah does not suit him luxury,” in reference to Zebari’s support for the referendum on the secession of the Kurdistan region from Iraq in 2017.

The forces support the coordination framework that includes coalitions of the rule of law Al-Fateh, Al-Nasr and other Shiite political forces, Barham Salih assumed the position of President of the Republic for a second term.

The Kurdistan Democratic Party, led by Masoud Barzani, announced the candidacy of Zebari for the post of president, while the Patriotic Union of Kurdistan announced last week its nomination of Barham Salih for the post.

The two candidates are the most prominent candidates to win the position, especially since the Patriotic Union of Kurdistan has maintained the position of president since 2006, while the share of the Kurdistan Democratic Party during the last period was one of the sovereign ministries, either finance or foreign affairs.

butterfly   Last week, the Patriotic Union of Kurdistan criticized the KDP's abandonment of an agreement concluded between the two parties years ago, which stipulated that a candidate from the PUK would assume the presidency, with the Kurdistan Democratic Party taking one of the sovereign ministerial positions in the federal government.

Since 2006, the political custom in Iraq has been for the Kurds to hold the presidency, the Shiites to be the prime minister, and the Sunnis to head the parliament.

During its first session, on January 9, the parliament elected Muhammad al-Halbousi to head the council for a second term after obtaining the confidence of 200 deputies, compared to 14 votes for his rival, Mahmoud al-Mashhadani.

Shiite political forces are holding continuous dialogues for the purpose of agreeing on a personal nomination for the post of prime minister.

Al-Halbousi confirmed that a Kurdish-Sunni-Shiite movement began to form a purely national government, considering that "the time of foreign interventions in forming governments is over."

Al-Halbousi, who leads the "Progress" coalition (37 seats out of 329 in Parliament), wrote a tweet in which he stated that "the time of foreign interventions in the formation of Iraqi governments is over."

butterfly   He added, "Today, the mountains of Iraq (majority Kurdish areas) and deserts (majority Sunni areas) are moving to Najaf al-Ashraf for the talks of a purely national Iraqi government, neither eastern nor western.

The term neither eastern is used to refer to Iran, nor western is used to refer to the United States of America.

And last week, the commander of the Quds Force in the Iranian Revolutionary Guard, Ismail Qaani, visited Iraq and met with Shiite political leaders, in an effort to bridge the views between the leader of the Sadrist movement and the leaders of the coordination framework.

But the leader of the Sadrist movement, Muqtada al-Sadr, renewed, on Monday, his adherence to the formation of a national government in Iraq, welcoming dialogue with opponents of that.

Al-Sadr said in a tweet via “Twitter” after his meeting with Al-Halbousi and the President of the Kurdistan Region, Nechirvan Barzani, in the Najaf Governorate (south). "Stop terrorism and violence against the people and partners, so we are still with the formation of a national majority government."

"We welcome dialogue with the national opposition (Shiite political forces that refuse to form a national majority government)," he added.

Al-Sadr met with Al-Halbousi and Barzani, as part of an initiative by the leader of the "Kurdistan Democratic Party" Massoud Barzani, with the aim of ending the political crisis in the country.

The Sadrist bloc topped the elections that took place on October 10, with 73 seats (out of 329 in Parliament), followed by Progress coalition 37, State of Law coalition 33, and the Kurdistan Democratic Party 31. https://rawabetcenter.com/archives/141723

butterfly   The 91st minute agreement “...handing over nuclear weapons in exchange for removing military enclaves  ---  Upon entering the White House about a year ago, President Joe Biden made renewing the nuclear agreement with Iran a top priority for his administration. His spokesmen made it clear that he needed an agreement that would remove the Iranian issue from the agenda, at least for the time being, so that he and his administration could devote themselves to addressing issues important to Washington, foremost of which is the rivalry with China in the Far East.

The Iranian regime also appears enthusiastic, albeit much less than Biden, as it should be admitted, to reach a renewed and improved nuclear agreement that would lead to the lifting of economic sanctions, and allow for stability and the strengthening of its position at home.

However, despite these starting conditions, during the last year, no breakthrough was achieved on the road, and negotiations dragged on and extended and witnessed crises that were thought to have kept Washington away from Tehran. In fact, it was the Iranians who created one crisis after another, and even halted the talks as if they had no interest or desire to achieve a renewed agreement. As for Washington, for its part, it found itself being drawn into and hesitantly responding to Iran's steps and provocations.

butterfly   At one point, a month or two ago, it was thought that the Americans had given up, and that the possibility of reaching an agreement had been eliminated. Indeed, statements heard in Washington state that all options are open and on the table, a particularly emphatic and implausible hint of the possibility of a military attack.

However, with a magic wand, and in light of the escalating tension between Washington and Beijing, and Moscow as well, which opened a new front in Ukraine against the United States - talks have resumed, and Iranian and American spokesmen are predicting an imminent breakthrough that will lead the two sides to the desired agreement. Even Iran's leader, Ali Khamenei, gave the green light to the agreement when he declared that "talks, and also the agreement, with the enemy do not mean Iran's surrender."

The negotiators seem to deserve a Nobel Prize, but not for peace but for a distinguished play. After all, the Iranians need to come to terms with their need for air to breathe, far more than they are willing to admit. However, they succeed in proving indifference, as if the whole matter did not concern them. As for the Americans, on the other hand, they broadcast hesitation, weakness, and basically enthusiasm for achieving an agreement at all costs.

The Iranians are artists in negotiations, and they work according to the principle that the agreement should be signed in the 91st minute and not a single moment before that, and this is what most likely will happen.

There is no need to be overly excited by the two sides' threats and the atmosphere of the crisis, which they sometimes bother to broadcast. The parameters of the agreement were decided on the day Biden entered the White House, and since then the Iranians have improved them, and they are in a more advanced position than they were a year ago in everything related to their nuclear project.

butterfly   It seems that it is an agreement that will not be possible to prevent or improve its terms, and thus Iran will remain a touch away from a nuclear bomb under the auspices of the agreement. But what can be done is to intensify the fight against it throughout the Middle East, in Syria and Iraq, and now also in Yemen. This is a struggle that is succeeding, especially in Syria, that enjoys regional and international support, and that can be won.   https://rawabetcenter.com/archives/141716

butterfly   Iraq: Disagreements reach representatives of the civil movement... The names of the presidential candidates will be announced today

Political differences began to deepen after the first parliamentary session, which took place on January 9, and led to the election of a new Presidency for Parliament. While the Shiite forces are fighting to resolve the “largest bloc” and choose a prime minister and a new government cabinet, and in light of the Kurds’ controversy over the eligibility of the position of the President of the Republic, a new dispute emerged within the “independent” political forces, most notably the “Extension” movement that emerged from the October protest movement.

The story began after the movement’s leader, Ghassan Al-Shabib, head of “Extension” accused the prominent activist Alaa Al-Rikabi, along with 6 of the bloc’s deputies, of voting in favor of Muhammad Al-Halbousi, in the session to choose the parliament speaker, which prompted Al-Shabib to resign so as not to be part of an alliance “It includes the killers of the Tishreen revolutionaries,” he said.

Al-Shabib said in a press statement: "I end my organizational career with the extension movement (9 parliamentary seats), and I resign from all my positions in it, and I no longer represent it, nor does it represent me."

He added, "It is not an honor or fitting for me as a protester and one of the sons of the great October Revolution to be a leader or a member of a movement whose Secretary-General and six other members voted with him to elect al-Halbousi as Speaker of the Iraqi Parliament." As a result, the head of the “Extension” parliamentary bloc, Muhammad Nouri, responded yesterday to the accusations leveled against them regarding their support for Al-Halbousi, who won the position of Speaker of Parliament, describing it as a “malicious campaign” that wants to undermine the confidence of voters in the movement.

butterfly   He said in a press statement, "We promised the people and our martyrs that we will not waste their blood, and we will remain on the covenant."

In addition, the House of Representatives is scheduled to announce, today, Monday, the names of the candidates for the post of President of the Republic.   https://rawabetcenter.com/archives/141713

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China's $50 Trillion Crisis is FAR Worse Than You Think

Cathie Wood: China's $50 Trillion Crisis Is FAR Worse Than You Think

Casgaines Academy:  Jan 31, 2022

China has grown to become an economic powerhouse over the past two decades. Not a single country in the world has experienced the same level of growth as China.

Economists worldwide see China surpassing the US as the world’s most dominant superpower, but what if I told you that the entire growth of China was all a bubble?

That’s what the CEO of Ark Invest, Cathie Wood, thinks, as she likens the growth of China to Japan’s 30 year economic disaster in the early 1990s. Just like Japan’s GDP that was spearheaded by a real estate bubble, China is currently experiencing the largest housing bubble in history.

In this video, I’ll cover from top to bottom how the world is about to wake up to China’s destined collapse.

Over the past 20 years, China's economy has grown substantially but a considerable portion of that has come from real estate. Property developers have borrowed money to expand their real estate portfolio to hundreds of cities. We’re talking about modern glass and steel apartments, office buildings, and houses all across cities in China.

 Speculators began purchasing houses with the sole purpose of price appreciation. After all, from the perspective of Chinese citizens, housing prices have been increasing year after year for decades. This was in part from the rapid population growth that China experienced, but the speculation grew even further than that.

Because housing prices just kept increasing year after year, the majority of Chinese citizens could no longer afford a standard house or apartment in cities like Beijing and Shanghai. The logical move would be to purchase a property within the vicinity of the cities but far enough so that prices would be cheap. And that’s exactly what many citizens did.

 People began flocking toward houses and apartments not in Chinese cities, but rather 10 or 15 miles away. Because of the increasing demand for houses near cities, prices began to increase, leading citizens to expand even further away from the cities.

Property developers believed that this expansion would continue, so they preemptively built houses further and further out. Nowadays, if you drive an hour or two outside of Beijing or Shanghai, you’ll notice something very strange. There are plenty of modern buildings in great condition, but there’s one issue: there’s nobody there.

Those cities are named the ghost cities, because the only reason why they exist is because speculators think prices will increase. This is a testament to China's growing real estate bubble, a significant driver of the country’s economy.

For instance, take a look at China’s most renowned ghost town, Ordos New Town. The city was expected to house one million people, but that number went down to 300,000 and finally to 100,000 in 2016. Only after moving top schools into the city, was Ordos New Town able to fill its empty houses.

 These types of empty units are so widespread that the aggregate amount of space can literally house the entire country of Italy. After 20 years of appreciation, the Chinese real estate sector is now worth over $50 trillion, two times more than the US and almost four times more than China’s entire GDP.

Loomis Sayles, an investment management firm, estimated that 70% of China’s entire wealth is in real estate. In China, it’s not atypical to see citizens put aside money for decades just to purchase one property.

Property prices near cities are so high relative to income that even after years of saving, citizens will have no choice but to rely on mortgages to afford shelter. This is exaggerated by the fact that increasing property prices make citizens feel the fear of missing out, ultimately forcing citizens to take out dangerous levels of loans.

Four out of the top 10 of the most unaffordable cities to purchase housing in are all located in China. This type of appreciation is concerning and won’t continue forever. We saw this before America’s 2008 recession, and we’re seeing similar signs in China.

 China’s real estate boom is already showing signs of a substantial slowdown. Because the Chinese housing market just keeps accelerating in prices, property developers have done anything to expand their real estate portfolios as fast as possible.

The easiest to do so is to take out large sums of leverage. Just like before any financial crisis, greed took the center stage and developers were soon stuck with too much debt to handle. One of these developers included the epitome of Chinese real estate development, Evergrande.

Evergrande is one of the largest real estate developers in the world. By using corporate bonds issued to international investors, Evergrande grew its real estate portfolio to over 565 million square meters of development land.

 https://www.youtube.com/watch?v=k6XFjWBKD4U

Zig’s Place Chatroom News Late Sunday PM 1-30-22

Zig’s Place Chatroom News Late Sunday PM 1-30-22

Zig: Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish

Butterfly   Iranian official: We may reach an interim preliminary agreement to sign a sustainable agreement with the great powers

Saturday 29 January 2022 23:52 Head of the Judicial Committee of the Iranian Parliament, "Moussa Ghazanfarabadi" said that we may reach a preliminary preliminary agreement to sign a sustainable agreement with the great powers.  He added in an interview with the Iran Network in Al-Arabi: We will welcome any logical and rational nuclear agreement with the great powers if it is in the Iranian national interest.

He explained: We may reach a preliminary interim agreement in some cases to sign a sustainable agreement, and personally I think that the agreement, whether temporary or permanent, is good if it secures our higher interests, and if it is real, free from lies, deception, breach of covenant and violation of norms. https://ninanews.com/Website/News/Details?key=953566

Sparky   ... thinking Suadi has other plans for Iran ... like anihilation ... shut them down before they start getting stupid with nuclear weapons ... and Israel will not back down ... is that MI 6 ...

Sparky   ... unfortunately, Maliki and Sadr report to Sistani .... make no mistake ... it is Sunni versus Shiites ... Kurds just take the neutral position and prosper ...

Sparky  https://youtu.be/fiprlgCXlkA

Sparky   ... https://youtu.be/qM0zINtulhM ... haha ...

butterfly   Whoa David where are you? Canada is having an insurrection? Justin Trudeau was moved to a secret location as thousands in Canada protest COVID-19 vaccine mandates for truckers and other restrictions https://www.businessinsider.com/thousands-canada-protest-covid-19-vaccine-mandates-truckers-justin-trudeau-2022-1

butterfly   I guess the US attitudes are rubbing off on the Canadians.

Sparky   ... War Pigs ... https://youtu.be/LQUXuQ6Zd9w ...

Sparky   ... War, Boom, Bust has been our economic policy for decades ...

Sparky   ... Boomed, and Busted ... guess it's time for War ...

professor dinard    Well well well if it ain't ole sparky

Sparky   ... personally, I think we should just roll over Putin and Russia once and for all ... they are weak, and playing a bluffers game ... USA and UN should take him down now ...

Sparky   professor dinard ... yippie ...

professor dinard   Sparky I think Putin could beat you in a fist fight lol

Sparky   professor dinard ... don't bet money on it ...

professor dinard   Sparky who do you think I would win between trump and Putin in a fight?

Sparky   professor dinard ... San Fran and Jimmy G may pull it out ...

professor dinard   Sparky I hope they both lose

Sparky   professor dinard ... Putin, no doubt ...

Sparky   ... the Cali show ...

Sparky  professor dinard ... what do you think about Ukraine ?

butterfly   How is the West preparing to punish Russia if it attacks Ukraine?

- 15 Hours Ago https://rawabetcenter.com/archives/141687 long article but details what will happen to Putin

30 Jan 22, 09:45 PM Sparky  ... Putin is a poker player ... with a weak hand he tries to fake strength ...

Sparky   ... I say we move on Russia ...... neutralize that ...... we shut off oil supply in Russia, they are toast ...

Sparky   ... dangerously close to putting down Russia for ever ...... that fool Putin better check himself ...

Sparky   ... un abated, he will try to move into eastern Europe ... easy to see ...

Sparky   ... Putin was former head of KGB , mind games are his strongest play ...

Sparky  ... straw country ...... reminds me of Oz ...

Sparky   ... " pay no attention to the man behind the curtain " ... a shadow, on Plato's cave wall ...

Sparky   ... Plato believes the purpose of education is to help people see absolute truths and values, and by extent, to save them from living their lives in the world of falsehood ...

Sparky   ... Plato should be on the 1/6 committee ...

UNEEK   Sparky I agree - what happened to the evolution of man as far as "intelligence" -- well maybe that is the incorrect term -- it's probably more to do with ethics and values and "wisdom" - therein lies the problems

UNEEK   Plato - Aristotle were great thinkers

UNEEK   Sparky good night all rest well dream big

UNEEK   “It is possible to store the mind with a million facts and still be entirely uneducated.” - Alec Bourne

UNEEK   Like I said earlier this week One can be knowledgeable and not be intelligent - One can be intelligent and not be knowledgeable - and one cannot be wise without both - short version -

UNEEK   Sparky that might be quite an undertaking task

UNEEK   with lots of consequences possibly - everythinng comes with a price you know -

UNEEK  good night again

Sparky   ... Russia is weak ... research ..... time for Putin to succumb to the reality of a global economy ... democratic society ... gn ...

Sparky   UNEEK ... sometimes you have to put up with BS, and other times you simply must kick the * out of the bully ...... and I think it's time for the latter ..

Sparky   ... Plato's cave scare many ... ha ...... as is it's design ...

Sparky   ... listen ... https://youtu.be/3_Q79lls1f0 ...

Sparky   ... shake the tree while you can ...

Sparky   ... hard to read people without looking into their eyes ...

Sparky   ... have you heard of the silk road ... China flowing through the middle east ...

Sparky   ... one rotary ...... one belt ...

Sparky   ... Iraq happens to be on the path ...... or in the path of China's vision ...

Sparky   ... lots of prosperity to come ...

Sparky   ... China has a few billion peeps ... hehe... if you sell sea shells by the the sea shore, you may prosper ...

Sparky   ... maybe not, China has already overfished the ocean ... and continues to encroach on land by building sand dunes to expand and establish their territory ... anybody paying attention ? . anybody?

Sparky   ... Gulf of China ... South China Sea

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More Iraqi News Late Sunday PM 1-30-22

More Iraqi News Late Sunday PM 1-30-22

TLM724 Administrator BondLady’s Corner

Al-Kazemi: Iraq Is Keen To Consolidate Its Regional And International Relations

The Prime Minister, Mustafa Al-Kazemi, affirmed Iraq's keenness to consolidate its regional and international relations.

The Prime Minister's Media Office stated in a statement, "Prime Minister Mustafa Al-Kazemi received the Special Representative of the Secretary-General of the United Nations in Iraq, Jenin Plasschaert, and during the meeting, the overall political and security situation and its developments were discussed, as well as the progress of cooperation and coordination between Iraq and the United Nations." and ways to support the programs carried out by the international organization in Iraq.

Al-Kazemi reiterated, during the meeting, "Iraq's keenness to consolidate its regional and international relations to ensure the strengthening of security and stability in Iraq and the region, and to establish the causes of sustainable development for the benefit of the Iraqi people and the brotherly and friendly peace-loving peoples."

For her part, Plasschaert confirmed, "the position of the international community in support of Iraq regarding the current challenges, and the importance of adopting dialogue as a way to resolve differences."

https://www.radionawa.com/all-detail.aspx?jimare=27786

Al-Zamili: We Are Seeking To Legislate A Law That Grants A Percentage Of Oil Imports To The Iraqi People

Today, Sunday, the First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, announced efforts to legislate a law that grants a percentage of oil imports to the Iraqi people.

And his media office stated in a statement, "Al-Zamili chaired a meeting with senior advisers to the House of Representatives, and directed to expedite the preparation of a comprehensive strategy for the legislative and oversight policy for this parliamentary session, and to form a committee to follow up the implementation and activation of the government's suspended laws."

Al-Zamili stressed, according to the statement, that "the current session will focus on legislating laws that serve citizens," expressing his quest "to legislate a law to deduct a percentage of oil imports and grant it to the unemployed, unemployed graduates, patients and people with special needs, as the first law to be voted on in this The session, as well as other important laws related to unemployment, revitalizing industry and national agriculture, and controlling border crossings.

He pointed out that "the formation of a committee to combat narcotics and psychotropic substances, amending its law, finding effective solutions to prevent their spread and trafficking, and establishing healthy and practical mechanisms to treat addicts."    https://www.radionawa.com/all-detail.aspx?jimare=27797

Economist To / Nina /: Investment In Iraq Has Made Little Progress.. And What Is Required Is To Reformulate Its Law

Saturday 29 January 2022 12:19 | economic Number of readings: 290

Baghdad / NINA / - The expert in economic affairs, Malaz Al-Amin, confirmed: "The investment environment in Iraq needs to reformulate the investment law and stabilize the security situation."

Al-Amin said in a statement to the National Iraqi News Agency / NINA /: “Investment in Iraq has achieved only simple progress despite the media support for it as well as the government, and the reason is related to the reality of the country and the laws related to investment,” noting: “The reality of Iraq is relatively unstable from the security and political sides.” It puts huge barriers to capital."

He added: "  He continued: "The investment law has loopholes that make capital avoid entering the country, which requires reformulating the investment law and benefiting from the owners of capital to amend the required paragraphs in a way that preserves their money and projects for them, as well as competition in the implementation of new projects."    https://ninanews.com/Website/News/Details?key=953443

Dollar Exchange Rates In Local Markets Today

Market  Economy News _ Baghdad  Today, Sunday, the dollar exchange rates witnessed stability in the local markets.   And the selling prices of the dollar were 148,000 dinars per 100 dollars, while the purchase prices of the dollar were 147.750 dinars per 100 dollars.

And the Central Bank of Iraq decided earlier to adjust the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance amounted to 1450 dinars, while the price of selling it to banks was set at 1460 dinars per dollar, while the selling price to the citizen is 1470 dinars per dollar.

Views 185 Date Added 01/30/2022    https://economy-news.net/content.php?id=27148

After A Break Of Half A Century, Baghdad Hosts The International Conference Of "Fao"

Economic     01/30/2022 | 11:12 AM  The Information/Baghdad…  The capital, Baghdad, is preparing to host and organize a conference of the Food and Agriculture Organization of the United Nations “FAO” next February, after an absence of nearly 54 years since the last conference organized by a country in the region.

The Permanent Representative of the Republic of Iraq to the United Nations agencies in Rome, Safia Al-Suhail, said in a statement reported by the newspaper "Al-Sabah" and seen by "The Information", that "the tripartite meeting, which was organized through an electronic circuit, reviewed all the necessary preparations for organizing the 36th conference of (FAO) in the capital, Baghdad.

The Minister of Agriculture also expressed Iraq's interest in hosting this international conference in the capital, Baghdad, after an absence of 54 years since its last organization in one of the countries of the region.

Al-Suhail added, "The Minister of Agriculture conveyed the keenness of Prime Minister Mustafa Al-Kazemi and the relevant ministries to provide all facilities and support to achieve a distinguished hosting, and during the meeting, the participation of countries, dignitaries, UN officials, international organizations and civil society organizations were discussed."    https://almaalomah.me/2022/01/30/579478/

The Iraqi Army Ranks 34th Among The World's Armies

 Sweetened    Yesterday, 13:52   Today, Sunday, the Ministry of Defense announced that the Iraqi army ranked 34th among the armies of the world.

A ministry statement received by the Iraqi News Agency (INA), stated that "based on the report published by the American (Global Firepower) website, which specializes in classifying the armies in the world according to strength, the Iraqi army ranked thirty-fourth for the year 2022 among the most powerful armies in the world," noting , that "the Iraqi army advanced by 23 ranks after it was ranked fifty-seventh in the 2021 classification."

The statement added, "The Iraqi army has advanced over the armies of the Arab countries (the UAE, Kuwait, Qatar, Oman and Bahrain), noting that "this classification comes based on 50 factors to determine this classification, which includes military, financial, logistical and other strengths to determine improvement, decline or stability in These annual armies."    https://www.ina.iq/147645--34-.html

Economist: Investment In Iraq Has Made Little Progress.. And What Is Required Is To Reformulate Its Law

Saturday 29 , January 2022 | Economy    Read Counter 73

Baghdad / NINA / - The expert in economic affairs, Malath Al-Amin, confirmed: "The investment environment in Iraq needs to reformulate the investment law and stabilize the security situation."

Al-Amin said in a statement to the National Iraqi News Agency / NINA /: “Investment in Iraq has achieved only simple progress despite the media support for it as well as the government, and the reason is related to the reality of the country and the laws related to investment,” noting:

“The reality of Iraq is relatively unstable from the security and political sides and put huge barriers to capital.

He added: "The owners of capital put their money into projects that they expect will generate appropriate profits for them after years.

At the same time, their money will build productive and housing projects and provide job opportunities for the unemployed.

If the security and political situation is unstable, the future of the investment project will be unknown and fraught with risks."".

He continued: "The investment law has loopholes that make capital avoid entering the country,

which requires reformulating the investment law and benefiting from the owners of capital to amend the required paragraphs in a way that preserves their money and projects for them, as well as competition in the implementation of new projects    https://ninanews.com/Website/News/Details?key=953454

To read more current and reliable Iraqi news please visit BondLady’s Corner:

 https://www.bondladyscorner.com/

"Tidbits From TNT" Monday 1-31-2022

TNT:

Tishwash:  Al-Zamili: We seek to legislate a law granting a percentage of oil imports to citizens

The First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, announced: "The House of Representatives is seeking to legislate a law by deducting a percentage of oil imports and giving it to citizens."

Al-Zamili directed, during a meeting with senior advisers to the House of Representatives, "to expedite the preparation of a comprehensive strategy for the legislative and oversight policy for this parliamentary session, and to form a committee to follow up on the implementation and activation of the government's suspended laws."

He said, according to a statement by his media office: "The current session will focus on enacting laws that serve the citizens."

He added, "We seek to legislate a law to deduct a percentage of oil imports and grant it to the unemployed, unemployed graduates, patients and people with special needs, as the first law to be voted on in this session, as well as other important laws related to unemployment, revitalizing industry and national agriculture, and controlling border crossings."

He instructed: "To form a committee to combat narcotics and psychotropic substances, amend its law, find effective solutions to prevent their spread and trafficking, and establish healthy and practical mechanisms for treating addicts."  link

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

Tishwash:  The Central Bank of Kuwait allows applications to establish digital banks

The Central Bank of Kuwait announced the opening of the door to receive applications for the establishment of new banks that provide their services completely digitally through a general banking license. It also allowed existing banks to form a digital banking unit within the bank without the need for a new license .

The Central Bank has given those wishing to establish this type of bank a deadline to submit their applications, which ends on June 30, indicating that the results of the submitted applications will be announced at the end of this year 2022, according to what was stated on the bank’s website today, Monday .

The Central Bank clarified that this decision comes as part of the bank’s endeavors towards accelerating the digital transformation process at the level of the Central Bank and the banking and financial sector, and a number of steps were announced that would start a new era of digital banking and financial work .

In the context of supporting and enabling financial technology companies (Fintech) , the Central Bank is currently working on updating the regulatory framework for the work of these companies in the areas of payments, microfinance and the experimental regulatory environment .

This came during a virtual meeting entitled "Empowerment and Empowerment" held by the bank today, Monday, during which it shed light on the Central Bank of Kuwait's digital strategy with the aim of achieving further development in analytical tools and accelerating the digital transformation process .

In a video broadcast by the Central Bank on its website, Muhammad Al-Khamis, Director of the Office Supervision Department at Bank of Kuwait, said:

The Central Bank said that the bank has completed the development of a framework for digital banking “with the aim of stimulating innovation,” noting that this framework allows the provision of digital banking services according to three models of digital banking   link

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

Harambe:  Zimbabwe Dollar’s Second Death Seen as Only a Matter of Time | Bloomberg

(1/30/22)

When Zimbabwean businessman Nigel Chanakira asked 100 chief executive officers at a seminar in Harare on Jan. 27 if they were willing to use the local currency, only one raised his hand.

That reluctance is a stark demonstration of the government’s failure to win confidence in the Zimbabwe dollar, the reintroduction of which Finance Minister Mthuli Ncube has staked the stagnating economy’s recovery on. For the second time in two decades, Zimbabweans are abandoning their local currency.

At restaurants, a simple request for “the rate” sees one’s bill halved if it’s met in hard currency, and supermarkets openly offer discounts for goods purchased in U.S. dollars. The government paid public workers their Christmas bonuses in dollars, and the revenue service collects a third of its income in greenbacks.

“We can’t deny the reality,” Chanakira, the founder and former CEO of now-closed bank Kingdom Financial Holdings Ltd., said in an interview. “When you get the Zimbabwe dollar you spend it quickly. No one wants to save in that currency.”

New Policy

Between 2009 and 2019, Zimbabwe’s economy was dollarized after hyperinflation led the government to print trillion-Zimbabwe dollar notes before abandoning its currency, leaving the country’s name synonymous with economic malfunction. While the subsequent dollarization tamed price growth, it hurt businesses as neighboring countries using their own depreciating currencies undercut Zimbabwean manufacturers.

“Zimbabwe had become uncompetitive by 2013 and was burdened by an expensive workforce,” John Legat, CEO of the country’s oldest brokerage, Imara Asset Management Ltd., said in a note to clients.

In February 2019, the government dropped a peg that kept a precursor of the Zimbabwe dollar at parity with the U.S. dollar. In June, it was rechristened the Zimbabwe dollar and use of foreign currency was briefly outlawed. Today the currency trades at 115 to the greenback, and more than twice that on the black market.

While inflation slowed from a 12-year high of 837% in July 2020, it was at 61% in January, still rapidly eroding the value of the local unit.

Officials including Ncube, a former Oxford University lecturer, and Reserve Bank of Zimbabwe Governor John Mangudya, said government policy is to stick with use of the Zimbabwean dollar.

“The country is not re-dollarizing,” Mangudya said in a interview on Jan. 17. “We need to find a home for our currency.”

Ncube and his ministry didn’t respond to requests for comment.

Alois Burutsa, the lone defender of the Zimbabwe dollar at Chanakira’s meeting, said in an interview that “without our own currency, our exports become uncompetitive.” He’s general manager of Buy Zimbabwe, an organization that promotes local goods.

Capitulation

Yet central bank figures show that 44% of transactions in the country are conducted in greenbacks. The American currency is used to pay for everything from fuel to food, passports, medicines and school fees. Econet Wireless Zimbabwe Ltd., the country’s largest mobile phone operator, offers additional airtime and data if purchases are made in U.S. dollars.

With the Zimbabwe dollar untradeable outside the country, companies need foreign currency to pay for imported equipment, consumer goods, and to placate an increasingly dissatisfied workforce.

And it’s not only businesses that are seeking alternatives to the local currency. The government itself is increasingly finding it has to pay in U.S. dollars if it wants to get things done. Already it’s told public workers that they’ll be paid partly in hard currency this year.

According to Imara, the brokerage, 45% of infrastructure contracts are being met in dollars and the government has undertaken to partially compensate depositors for the loss in value of their savings when it dropped the peg to the dollar.

“Dollarization is the ultimate outcome of a failed economic policy,” said Gift Mugano, executive director at Africa Economic Development Strategies, a Harare-based consultancy. The Zimbabwe dollar “will be in the graveyard” by June, he predicted. Imara says it’ll be largely obsolete by the end of the year.

Chanakira was more optimistic: he said the currency could survive for another two years.

https://www.bloomberg.com/news/articles/2022-01-30/zimbabwe-dollar-s-second-death-seen-as-only-a-matter-of-time

Mot:  Yet More insight on Handling Relationships! ~ from Mot of Course! ~~~

Mot:  -- the discoveries of the bible! ~~~

"Coffee With MarkZ" Monday Morning Chat 1-31-2022

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

MarkZ Monday 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: MarkZ I am ordering a RV Burger with lots of dinar lettuce and a side order of Nesara.

Member: I would like the burger with the golden egg on top please

MZ: I’m ready for real beef and hoping we see it this week.

Member: Are they kicking the can this week?

MZ: I don’t think they are kicking the can….we are going to find out in the next 24 hours imo…whether we can squarely say this is our week or not…..

Member: Morning MarkZ, Thank you as always for bringing this Community all the latest RV Updates & News, hopefully we will have good news SOON with definite Bond movement PAYOUTS.

MZ: Bond Folks…..all their appointments start this afternoon and tomorrow…..they fully expect funding. They think this is it. . that is why I said that the next 24 hours will tell us if this is our week or not. We should know that answer if the historic bonds start paying today or tomorrow.

MZ: hopefully by tomorrow we will know if we are mere days away or longer…….

Member: If Bonds go is that us next?  Sure hope so

MZ: No news on CKMX or PP’s over the weekend…but I am looking. Will share what I find this evening/

Member: Nothing burger today but Iraq bought 406 of their money back from other countries so We Are Close

Member: RV News? Missionary friends that are in Israel were contacted to make an appt to exchange their foreign currency

Member: Just watched Nader from Mid East and he said that Iraq is gonna do something this week, whether an RV or going back to the previous rate

MZ: My contacts in Iraq are thinking tomorrow Tuesday for Iraq to unpeg or change value on the dinar….

Member: Iraq bought back 406 million of their money Mark. That's a great sign

Member: I heard we are in a 36 hour window!

Member: Can the RV go without Nesara?

Member: Mark said Iraq can go before the GCR if they get tired of waiting for them…..but feels the rate won’t be as good……at this point……I would take the lower rate if someone would just “do it”

Member: If we don't move before tomorrow (Appts. set) doesn't the Chinese New Year shut things down for 2 weeks?

Member: Received a paid zeroed balance Bank note on Saturday...A Mistake or Nasara? not sure??????????????

MZ: A lot of bank news today…HSBC sent out an automated notice to HSBC customers that on Feb 18th 2022, at 11:59 pm est…1 or more of your accounts with HSBC banks USA will become Citizens Accounts.  

MZ: Not sure what to think on this…..is this QFS accounts???? Is this a hint on timing for tier 5….are they planning on having us finished , completed and out of the way in tier 4 before then??? This is very interesting…it also could be nothing……we just do not know.

Member: ​Citizens Bank purchased the US HSBC branches

Member: Google says: Is HSBC taken over by Citizens Bank?Citizens Financial Group, Inc. to Acquire HSBC East Coast Branches and National Online Deposit Business.

Member: Citizensbank site. We can’t wait to welcome HSBC customers who are coming to Citizens on February 19! We’ll keep this page updated with everything you need to know and do to help make the transition as seamless as possible.

MZ: Maybe its just a bank merger and we were reading to much in it….but the timing is very interesting…

Member: What is tier 5?

MZ: tier 5 is the general public who should go in after we all are done.

Member: I am new- What are tiers?

Member: Tiers 1-3 are large orgs/those who have had legal settlements a long time ago but never got paid. 4A are the whales, people who have had a lot of curr from years ago. 4B is all of us. 5 is the public.

Member: our BB&T banks are also changing to Truist banks.

Member: BB&T and SUNTRUST are merged into TRUIST.

Member: SunTrust is switching to Truist on 21st. I’m referring to your hbsc statement. That might mean something hmmm

MZ: a lot of banks are merging as digital finance is taking over.

Member: currently on pre-market trading, shows both gold and silver are up. gold is up +10.80 an oz and silver is up +.189 per oz.

Member: it doesn't look good for a collapse crash today on the market. markets in the far east were closed up today.

Member: I’m ready for the credits to roll on this movie!

Member: So sick of nothing happening anywhere…..and being lied to by good guys and bad guys…..

Member: the darkness wants you to think you're being played so you'll give up your currency

Member: Ground Hog Day is coming !!!

Member: Ground Hog Day is already here…..has been for months…….

Member: The end is beginning and the start of the finish is near

Member: Thomas Jefferson: “I predict future happiness for Americans, if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.”

Member: be prepared it looks like about 3 to 4 weeks the trucker's won't be delivering food

Member: Thank Mark and mods……hoping for great news tonight…..

OKIE HAS ONGOING SERIOUS HEALTH ISSUES. OUR COMMUNITY IS THE ONLY HELP HE CURRENTLY HAS - HELP IF YOU CAN- THIS IS THE ONLY LINK TO SUPPORT OKIE.  https://www.paypal.com/paypalme/SeedsofWisdomTeam

OKIE is still very ill and needs our help. Salty has a NEW SOW Humanitarian Fund account just for Okie Every penny goes to Okie to help with Medical costs. Here it is: http://paypal.me/OkieTeam

No Paypal acct needed on this link: https://www.paypal.com/donate?hosted_button_id=J6BM9Z7ZU5RDW

IF THE INTERNET GOES DOWN Emergency number… (712) 770-5028 Code:648989 Playback number (712) 770-5066

IF MARK LOSES THE ABILITY “TO STREAM LIVE"...PLEASE TAKE NOTE OF THE "NEW" EMERGENCY NUMBER EFFECTIVE DAY: (712) 770-5028 Code: 648989 Playback number (712) 770-5055 or 712-770-5066.

The next stream is tonight at 7 pm est….unless:…..  

MARK HAS BEEN INVOLVED IN THIS FOR MANY YEARS FROM THE HISTORY AND MADE MANY CONTACTS WORLDWIDE. HE RESPECTS EACH OF THEM AND PROTECTS THEIR PRIVACY. HE VERIFIES INFORMATION BEFORE HE SHARES YET THINGS CHANGE AND IT IS NOT IN HIS CONTROL.

THE INFORMATION PROVIDED IN THE STREAM IS IN MARKZ OPINION - INFORMATION PROVIDED IS BY VETTED CONTACTS - INFORMATION CAN AND MAY CHANGE AT ANY TIME WITH OR WITHOUT NOTICE

MZ: Zim payouts I hear will be traunched…..a structured payout over time…….What is a traunch?   https://www.investopedia.com/terms/t/traunch.asp

MZ:  JFK Secret Societies Speech in case we forgot   https://www.youtube.com/watch?v=ItOPg2l7-t0

JFK to 911 Everything Is A Rich Man's Trick https://www.youtube.com/watch?v=8ObvK4NR_LI&has_verified=1&bpctr=1579044401

Your straw man (Strawman) is an artificial person http://freedom-school.com/aware/your-straw-man-is-an-artificial-person.html

MZ: Video on PP’s and Farm claims: https://www.youtube.com/watch?v=sAL0exvL45Y

Mod:  Dr Shabibi answering questions https://www.youtube.com/watch?v=ol8wve53-ME

MZ: Watch the Video “The end of the road” by Monkey films on Amazon Prime….End of the Road: https://tubitv.com/movies/451883/end_of_the_road

You can share links like these one's to those who don't believe: theoriginalmarkz: https://www.slideshare.net/ahmeddinargate/the-history-of-iraqi-dinar-exchange-rate

IF THE INTERNET GOES DOWN MARKZ NEW NUMBER Emergency number (712) 770-5028 Code:648989 Playback number (712) 770-5066

Mark Coffee and Chat …. Monday through Friday 10:00 AM EST EDT ….Chats live or recorded https://www.twitch.tv/theoriginalmarkz ONLY SPECIAL NEWS tweeted out https://twitter.com/originalmarkz

MARKZ and SALTY TOES have worked hard to build a COMMUNITY that people can trust.  You can connect with MarkZ at The Seeds of Wisdom Team Community and website.  Just visit the Seeds of Wisdom Team Website, join the Seeds of Wisdom Telegram Community, and Subscribe to receive email updates. https://seedsofwisdomteam.com/

Follow Mark on odysee ( formerly known as library) at https://odysee.com/@theoriginalmarkz:e

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.

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

Youtube:     https://www.youtube.com/watch?v=-S8n6K75b2Y

Holly, Pimpy and more....Monday Morning 1-31-2022

Monday Morning Holly Encouragement

Good morning roomies! 

 "The path to success is to take massive, determined action."Tony Robbins   

We are taking massive action. We have taken a huge leap of faith being a part of this blessing. Every day we walk in faith to get through another day. We struggle just to keep going. But we never, ever give up!  

Intel is sparse and many are gagged. We are told to be quiet. What I do hear is  positive.

Though there are many different scenarios as to how this going to happen. I will say it is crazy at the end.

Stay positive and keep uplifting your thoughts and vibrations. Let’s stay United not divided in these rooms. 

-Holly

Courtesy of Dinar Guru

Sandy Ingram   "Iraq's President Barham Salih nominated by ruling Kurdish party to run for second term"  We do not yet know the fate of the prime minister position.  

Frank26   [Iraq boots-on-the-ground TV report] FIREFLY: International Development Bank under the Umbrella of the Central Bank of Iraq opened a branch in Dubai...this move is shown to us it is going to help strengthen the Iraq economy.  This is acting as a private bank under the umbrella of the CBI... FRANK:  ...The same with many banks around the world.  They're all excited about the CBI satellite banks in their country because they know a change to the IQD exchange rate is coming...if you recall I told you about all the private banks and where they're located in the United States.

***********

Iraqi Dinar update for 01/30/22 - the rate change might be better than i originally thought

Pimpy’s Investment Chat: 

https://www.youtube.com/watch?v=3n220gxRsa8

Brian Hirschmann: Higher Inflation and Rates Will be Good for Gold

Palisades Gold Radio:  Jan 31, 2022

Tom welcomes Brian Hirschman back to the show. Brian is Managing Partner of Hirschmann Partnership which is occasionally referred to as the "World's Most Bearish Hedge Fund."

Brian expects inflation to persist for longer than most investors expect due to massive government debt. Inevitably, the U.S. government will default which will send miners and gold far higher.

We could expect some benefits from labor and supply chains improving but inflation has many causes. At some point, government debt will matter, and much higher inflation will result.

Investors shouldn't be too concerned about interest rates as the bigger driver of gold will be risks of default and inflation.

Markets are different today due to the enormous size of the global asset bubbles. Gold will move higher when investors realize that inflation will be here to stay.

Crypto remains a much smaller asset class than gold and therefore the impact of crypto is likely not that significant. Many crypto investors are more speculative and most aren't that interested in metals.

 Gold is the ultimate low-risk asset whereas cryptocurrencies remain risky speculative assets. Over the long term, the gold price will drive the mining equities much higher and we're starting to see this occurring.

Gold miners should go up much higher than the returns on gold when the bubbles start to burst.

All governments have too much debt and are trying to keep rates low thru regulations. Banks now own four trillion in debt securities issued by the Fed.

Should foreign debt holders realize the risks then they will start selling their treasuries. This could easily trigger a crisis since we can't control other countries with regulations.

Marginally higher interest rates today will likely not have much impact on inflation but could impact default risks.

Brian compares the status of the U.S. with that of the last European debt crisis.

China's real estate bubble is even worse than that of the United States. When it pops we will see severe impacts on global markets.

https://www.youtube.com/watch?v=EBa3Z7tE8bE

More Iraqi News Sunday PM 1-30-22 SPECIAL: What happened to Neanderthals?

More Iraqi News Sunday PM 1-30-22 SPECIAL:  What happened to Neanderthals?

TLM724 Administrator BondLady’s Corner

SPECIAL:  What happened to Neanderthals?

In time immemorial, humans shared planet Earth with Neanderthals, our closest ancient relatives, but in the end Homo sapiens flourished across the globe while our relatives were doomed to extinction. How did it come to this?

Shawn Smith    Friday 28 January 2022 16:08

Perhaps because of their physical strength, our cousins have been misrepresented as rude, but it is possible that they were also a kind people (Getty Images)

The Neanderthals were already threatened with extinction when our early modern human ancestors migrated to Europe about 45,000 years ago. After more than five thousand years, there are no Neanderthals left on the face of the planet. It is true that we will never know whether we are directly responsible for the extinction of our closest ancient relatives, but it is perhaps safe to assume that we are innocent of the fate to which they have fallen.

Since their remains were discovered in the "Neander Valley" near Düsseldorf, Germany in 1856, a rather bad stereotype has stuck with Neanderthals. Our closest relatives, who used to be described as apes but are somewhat more evolved, are now believed to have much more in common with us than previously thought.

Several discoveries have shown that our relatives were very sophisticated and experienced hunters who could make tools and jewels. In fact, the genomes of modern humans and that of Neanderthals look 99.7 percent identical, which shouldn't come as much of a surprise given that we share a common ancestor that lived in Africa only half a million years ago. Evolutionarily speaking, this time period is more like the blink of an eye.

After breaking away from our common ancestor, the line that gave rise to Homo sapiens survived in Africa until relatively recently, while the ancestors of Neanderthals formed part of an early wave of migration into Eurasia. And when the two species were finally reunited in Europe, 45,000 years ago, one can only wonder whether Neanderthals underestimated their new neighbours, those weak monkeys who were taller and thinner and babbled among themselves in incomprehensible language.

Neanderthals were far more powerful than us. Their musculature was so highly developed that the remains of their skeletons sometimes seemed to curve under the weight of the weight. Their face seemed to be drawn more forward due to their protruding nose, believed to be an evolutionary adaptation designed to warm the air they breathe in order to better enable them to live in colder climates.

Their stocky bodies and short arms and legs resemble the structure of modern humans inhabiting the highlands of the Arctic, as both were likely able to adapt to living in these places through the limited surface area of the body and to maintain their temperature in cold environments.

Having inhabited northern latitudes for a period of time five times longer than modern northern Europeans, Neanderthals likely evolved other adaptive traits as well: blue or green eyes, light skin, and blond hair. It is also not excluded that they spent much more time hunting than gathering food;

A chemical analysis of their bones reveals very high levels of carbon and nitrogen isotopes, which are a distinct feature of animals in the highest carnivorous class, and skeletons of animals are usually found huddled near Neanderthal sites.

It is believed that Neanderthals were experienced predators who adopted surprise as a way to hunt their prey, as they were able to cooperate and think strategically to kill a woolly mammoth, for example, while the process of reconstructing their vocal tract shows that they had at least 25 percent of the vocal ability of modern humans, that is, it was more than enough to formulate an effective primitive language.

Neanderthals had thick eyebrows and large nostrils, but the distinctive depression of the backbone is the most obvious defining characteristic. For hundreds of thousands of years, the Neanderthals stretched from North Wales through Eurasia to Siberia, and even as far as modern China.

So where did things go wrong for the Neanderthals?

Given that the cave sites they favored as living quarters are well suited to preserving the bones, each new archaeological discovery provides additional evidence that experts add to the fossil record that so far contains the remains of more than a thousand Neanderthals, giving us a tantalizing glimpse of what might have been. It caused the decline of the Neanderthals.

It is unlikely that the extinction of Neanderthals was a single event, but rather a complex process involving multiple factors that occurs gradually over thousands of years. Various parts of Europe witnessed the extinction of this species at different times and for local reasons that varied in different places.

But even so, climate change is probably the most important factor in the decline of Neanderthals. A sudden drop in temperature on the planet about 50,000 years ago may have disrupted the ecosystem and stressed the groups of medium to large mammals that Neanderthals hunted.

Since then, massive cold waves lasting about a thousand years have coincided with the gradual extinction of our ancient relatives.

It seems that Neanderthal populations dwindled in numbers and retreated to remote and hard-to-reach areas in order to survive. As a living species, Neanderthals are believed to have been over-reliant on a limited carnivorous diet, and their supposed inability to adapt their hunting methods led to their annihilation.

But why were Neanderthals unable to adapt to new environmental challenges, unlike our early modern human ancestors who discovered ways to survive? Although our ancient relatives were able to use and benefit from stones, stone tools discovered at sites hundreds of thousands of years old bear few signs of technical progress, strengthening the theory that they may not have been innovators.

Our ancestors of Homo sapiens in Africa went through the same period of stagnation about 100,000 years ago when they experienced a "cognitive revolution" or a "great intellectual leap forward". This is probably rooted in a sudden advance in their linguistic and conceptual abilities.

Stephen Sheenan, an archaeologist at University College London, has proposed that the pace of cultural innovations greatly accelerated as our early modern ancestors began to live in larger groups that required advanced social and cognitive skills, and this view is supported by research by Robin Dunbar. An anthropologist at the University of Oxford.

Dunbar's research demonstrated that different types of primates had the optimal number of members before hierarchy and relationships began to fall apart, and groups split into competing teams. Dunbar is best known for showing that modern humans can maintain stable relationships with 150 people, which is why it's the perfect size for efficient companies, rural villages, active military units, and personal social networks.

For our early modern ancestors, societies of 150 would have given us tremendous power, but according to Dunbar, our true strength derives from the way our language evolved to track and share useful information about our friends and foes. Gossip theory holds that the development of human language is an evolutionary adaptation of storytelling.

Mystery has helped hold larger groups of people together, but it has also spawned imagination, artistic creativity, and most importantly the ability to discuss things that don't happen right in front of our eyes.

Yuval Noah Harari, in his best-selling Sapiens book, uses Robin Dunbar's "Theory of Nonsense" to suggest that the distinctly human quality of storytelling and abstract thinking has truly allowed us to inherit the Earth.

Our ancestors of Homo sapiens in Africa went through the same period of stasis about 100,000 years ago (Getty Images)

For Harari, fiction and superstition form the essential basis for ideas that can break through Dunbar's 150-person threshold, transforming separated human societies into a complex culture that engages in innovation among tribes, critical trade networks, religions, and ultimately nation-states populated by millions or even billions. the people:

Harari writes, "Nevertheless, none of these things exist outside the stories that people invent and pass on to one another. There are no gods in the universe, no nations, no money, no human rights, no laws, no justice outside the common imagination of human beings."

Also, solid evidence indicates that early modern humans did develop long-distance trading networks that protected them from starvation when sudden and unpredictable food shortages threatened their survival.

By contrast, before the arrival of the first modern humans, Europe appears to have been inhabited by very small, scattered and isolated communities of Neanderthals, which explains the delays in their technical progress.

Also, recent advances in the analysis of DNA (deoxyribonucleic acid) of Neanderthal remains have yielded very significant results.

Bones found in a Croatian cave in the 1980s belong to a Neanderthal who lived 52,000 years ago, but she was surprisingly genetically similar to another Neanderthal that inhabited Siberia 122,000 years ago.

The fact that two Neanderthal women separated by some 4,000 miles and 70,000 years were closely related also supports the theory that a decline in Neanderthal genetic diversity contributed to their extinction.

In contrast, a recent study led by the University of Denmark found that the genomes of early modern humans were more genetically diverse, supporting the theory that ancient humans lived in very large networked societies that helped them regularly exchange sexual partners, genes, and ideas.

Because of their greater diversity, early modern humans had a greater ability to resist infectious diseases, and were generally more successful as a living species. Apparently, incest was taboo in their culture, while Neanderthal genomes reveal very high rates of interbreeding necessitated by their tendency to live in isolated communities.

Most anthropologists believe that Neanderthals were able to use a fairly sophisticated language, but their cultural isolation suggests that whenever they met other Neanderthals, language barriers prevented the spread of their community networks.

But it's not just our tendency to communicate that privileged our ancestors. During the "cognitive revolution" in Africa, quantitative changes occurred in the brains of our ancestors, making them better equipped to survive in hostile environments.

Neanderthal brains, which evolved independently in Europe, carried less developed parietal lobes and cerebellum, regions involved in tool use, creativity, problem solving, and high-level conceptualization, so it is possible that our ancestors survived the challenges of climate change because they were resourceful innovators..

Knitting may not seem like a revolutionary technique, but associated skills such as spinning enabled us to make nets, traps, and traps that allowed the young and old in early modern human societies to hunt small mammals and fetch a very wide variety of protein-rich foods.

Read More:

 Neanderthal fossil bears first possible evidence of disease transmitted from animals to humans

A third human lineage in East Asia is closer to us than Neanderthals.

Fossil remains of 9 Neanderthals found in an Italian cave

Neanderthals heard and spoke like humans

Modern man is innocent of the extinction of Neanderthals

The discovery of the direct ancestor of Neanderthals in Ethiopia

Neanderthals stored bone marrow as soup cans 400,000 years ago

While our ancestors continued to develop more intelligent ways of killing animals from a distance using lancet weapons, and later bows and arrows, it is believed that Neanderthals remained so attached to close range ambushes that it proved to be a dire occupational hazard.

However, later on, evidence began to emerge on Neanderthal sites that they used more advanced technologies just before their extinction. According to a theory put forward by Paul Millars, emeritus professor of prehistory at the University of Cambridge, they began to imitate their new neighbors.

But in terms of innovation, it may have come too late for the Neanderthals. In an analytical study carried out by Millers comparing the population density in Homo sapiens and Neanderthal sites in southern France, the evidence is compelling. After arriving in Europe, which was inhabited by only a few thousand, the professor concluded, modern humans soon outnumbered Neanderthals by ten to one.

According to anthropologist Pat Shipman, because early humans were anatomically taller and thinner with a lower metabolic rate, as hunter-gatherers they were more energy efficient and needed fewer calories to survive in a challenging environment.

Their superiority in the ability to travel long distances was enhanced by the domestication of wolves, which enabled them to track prey more efficiently and protect valuable prey skeletons from other predators, thus outperforming their Neanderthal competitors.

Recent improvements in radiocarbon dating technology with 95 percent confidence indicate that about 45,000 years ago, modern humans and Neanderthals entered into intertwined relationships in Europe for a period of 2,600 to 5,400 years.

The disappearance of Neanderthals soon after our ancestors arrived in Europe may suggest that we accelerated their extinction. Their demise is one of history's most pressing mysteries, and some believe we are directly involved.

It is certain that two very similar predatory species cannot coexist in the same place indefinitely, as they are likely to compete for living space, cave sites and fishing resources. However, since the population is very small, and one primitive human being lived in every 100 square kilometers according to estimates, chances of coexistence, constant competition, or even chance encounters must have been rare.

But it is known that a few short meetings, to say the least, have brought them together. Until recently, Neanderthals and early modern humans were thought to have lived as completely separate species from one another, but in 2014 evolutionary geneticists shocked the scientific community by declaring that Neanderthals were not completely extinct in the end.

An analysis of the modern human genome has revealed that almost all living things today that originate outside of sub-Saharan Africa carry some Neanderthal DNA in their genes, because interbreeding undoubtedly occurred whenever early humans and Neanderthals encountered throughout their intertwined history. So we find quite a bit of Neanderthal in many of us around the world.

New archaeological discoveries continue to provide tantalizing glimpses into the evolving Neanderthal culture.

When it comes to language and intellectual development, symbolic representation is of great importance, so it may be clear that recent research by the Max Planck Institute for Evolutionary Anthropology has used uranium and thorium dating to show that Neanderthals were practicing cave art at three separate sites in Spain before 20,000 A year after modern humans first arrived in Europe.

If Neanderthals did indeed engage in symbolic thinking, it is possible that they might have been almost epistemologically indistinguishable from their recent modern human neighbours.

They probably only preceded us by 30,000 years, and died before they had a chance to complete the great cognitive leap that our African ancestors took 100,000 years ago.

Perhaps because of their physical strength, our muscular and burly cousins were misrepresented as primitive savages, but it is possible that they were also a kind people.

Neanderthal remains reveal horrific hunting injuries they suffered and then recovered long before their deaths, suggesting that they tended to their wounded long after they were unable to contribute to the group's survival.

Just like early modern humans, these people likely buried their dead in order to preserve their bodies for the afterlife. Certainly, burial sites established by later Neanderthals contained funerary goods.

One site in Iraq also revealed high levels of pollen, indicating that flowers were placed in their graves.

https://www.independentarabia.com/node/298846

To read more current and reliable Iraqi news please visit BondLady’s Corner:

 https://www.bondladyscorner.com/