Goldilocks' Comments and Global Economic News Thursday Evening 2-29-24
Goldilocks' Comments and Global Economic News Thursday Evening 2-29-24
Good Evening Dinar Recaps,
"The legislation aims to foster innovation in financial services by establishing federal regulatory sandboxes that let entrepreneurs test new products and services while ensuring consumer protections, according to the release.". 1 day ago
As we have discussed in this room before, a federal regulatory sandbox allows new innovations to be tested in a private setting and in a controlled environment.
This testing of new digital assets will gain an insight into their functionality and operability. The findings will allow them to regulate their behavior under the supervision of qualified individuals capable of assessing their future use case scenarios.
Goldilocks' Comments and Global Economic News Thursday Evening 2-29-24
Good Evening Dinar Recaps,
"The legislation aims to foster innovation in financial services by establishing federal regulatory sandboxes that let entrepreneurs test new products and services while ensuring consumer protections, according to the release.". 1 day ago
As we have discussed in this room before, a federal regulatory sandbox allows new innovations to be tested in a private setting and in a controlled environment.
This testing of new digital assets will gain an insight into their functionality and operability. The findings will allow them to regulate their behavior under the supervision of qualified individuals capable of assessing their future use case scenarios.
The use of this new monetary legislation regarding regulation determinations through pilot programs inside a sandbox will come in handy with our new expansions of Quantum Technologies interfacing through Protocol 20.
The ability to study and test stablecoins, tokenized assets, and send them into the market is currently moving through the House of Representatives. House Financial Services Pymnts
© Goldilocks
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Bitcoin Announcement:
Wall Street is telling us that the demand for Bitcoin is greater than it's supply. When demand is greater than supply, prices rise.
This will affect many other assets in the crypto currency space. As you can see, liquidity is coming into the new digital economy as it's being formed.
Prices are beginning to change because of it. Movement of money and use case scenarios are expected to grow from here in the new digital economy. The first RV.
Remember, we spoke of two RVs. When the digital economy is solidified, payment systems on the local level will begin to signal new changes are needed. This is when we will see the paper currency begin to form new price patterns. Crypto Tips
© Goldilocks
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"Shafaq News/ The International Monetary Fund (IMF) indicated a "significant decline" in inflation rates in Iraq, which was reflected in the decline in food and energy prices and the stability of the foreign exchange market in Iraq.
According to the Ministry of Finance, an Iraqi delegation headed by Finance Minister Taif Sami concluded its discussions with the IMF's Article IV mission experts in Amman, Jordan, during which many issues were discussed, including the implementation of the economic reform program, the improvements achieved by the Iraqi government in the field of development infrastructure, financial sustainability, and boosting non-oil revenues."
It looks like Iraq has been given permission to move forward with their economic reforms as we discussed in January this year was going to take place in February 2024 because of an announcement made during Article 4 consultation with the IMF.
This is why we are seeing the acceptance of Iraq in the WTO, and they can now join other countries in the WTO formulating new price mechanisms that will level the playing field in trade among other nations. Shafaq News
© Goldilocks
👆 Watch the water.
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Repost👇:
Goldilocks Highlights ™ 🌱🧂, [Jan 29, 2024 at 1:35 PM]
Iraq Banking Announcement:
"The Central Bank of Iraq has decided to restore the mechanism of financing Iraq’s foreign trade, starting next March."
Look what we have here. Iraq is planning to move forward with financing their foreign trade mechanism.
March 1st, 2024 is the day they expect to begin this process. They are telling their banks that they expect to do this with all currencies.
Iraq has been working with Governmental Agencies and Technological Developers to get them to this point.
They have tested their money and in process of testing their money this month on electronic mechanisms that will help them to move forward in the new Digital asset-based Trading System.
We are on the verge of witnessing them move into a global implementation stage of their currency. Search 4 Dinar
© Goldilocks
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"Over the past year or so, the Fed has been intensely discussing inflation in “core services,” which is where inflation had shifted to in 2022, from goods inflation which had spiked into mid-2022 but then cooled dramatically. So “core services” is where it’s at. Core services is where consumers spend the majority of their money. Core services are all services except energy services. Core services inflation has been behaving badly for months, and in January, it spiked out the wazoo."
The likelihood of another rate hike was mentioned today. These core readings give the FED an indication how much inflation is taking place and how much money consumers are spending.
Inflation tends to devalue a currency. As we have talked about in this room, the likelihood of currencies creating more purchasing power normally comes with a lowering of interest rates. Wolf Street
Let's watch their next moves.
© Goldilocks
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Ripple Announcement:
Enterprise blockchain solutions provider Ripple announced a new partnership this week with digital asset management leader Zoniqx, formerly Tassets. The strategic alliance integrates Ripple’s efficient XRP Ledger (XRPL) infrastructure with Zoniqx’s cutting-edge tokenization platforms.
The collaboration aims to simplify issuing real-world asset tokens on the high-speed XRPL blockchain, which supports both native XRP and customizable tokens. Watcher Guru
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Morgan Stanley is deciding whether to offer spot bitcoin ETFs to customers of its large brokerage platform.
The arrival of broker-dealers like Morgan Stanley as well as large registered investment advisor (RIA) networks could bring more investment into the new products. CoinDesk
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Ripple to unlock 1 billion XRP on March 1; What’s next? | FinBold
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Regulatory sandboxes can play an important role in fostering the innovation needed for overcoming the barriers to financial inclusion that keep poor and excluded customers marginalized from the formal financial system.
Sandboxes allow regulators to base their regulatory response to innovations on the results of live experiments. In frontier cases, this helps regulators to make faster and better informed decisions on how to appropriately regulate (and supervise) new services and providers reaching the marketplace.
CGAP
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"BlackRock bitcoin ETF trading volume surpasses $1B for second day in a row" | Blockworks
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Stablecoins Hit Highest Market Cap Since 2022 | CNN
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Economist's "News and Views" Thursday 2-29-2024
5 Factors Leading To Economic Crisis In America | Peter Grandich
Liberty and Finance: 2-28-2024
Peter Grandich says there are five major factors leading America into crisis: the national debt, retirement and aging population, immigration, the BRICS, and political paralysis.
The biggest factor is the national debt, he says. He points out how even the Congressional Budget Office continues to revise their projections higher.5 Factors Leading To Economic Crisis In America | Peter Grandich
Liberty and Finance: 2-28-2024
Peter Grandich says there are five major factors leading America into crisis: the national debt, retirement and aging population, immigration, the BRICS, and political paralysis.
The biggest factor is the national debt, he says. He points out how even the Congressional Budget Office continues to revise their projections higher.
5 Factors Leading To Economic Crisis In America | Peter Grandich
Liberty and Finance: 2-28-2024
Peter Grandich says there are five major factors leading America into crisis: the national debt, retirement and aging population, immigration, the BRICS, and political paralysis.
The biggest factor is the national debt, he says. He points out how even the Congressional Budget Office continues to revise their projections higher.
INTERVIEW TIMELINE:
0:00 Intro
1:19 Five factors
11:40 US debt problem
13:21 Immigration
20:16 Preparedness
27:15 Gold update
LIVE! TOtaL SHockER!!! INFLATION CONTINUES TO RISE! More Billionaires DUMPING STOCKS!
Greg Mannarino: 2-29-2024
Macron Wants The Impossible, FARMERS PROTESTS Collapsing EU, German Property Crisis Erupts
Sean Foo: 2-29-2024
The Eurozone is in a horrible economic crisis and things are getting worse. The farmers' protests are escalating, Germany is facing a real estate crisis that threatens their banks. And Macron has said the unthinkable, that sending troops in can't be ruled out. Here's how dangerous things have become.
Timestamps & Chapters:
0:00 EU Farmers Protests Worsen
3:04 Europe Food Crisis Hits Hard
6:07 German Real Estate Crisis
9:57 Macron's Russian Meltdown
13:13 EU Total Panic
KTFA Thursday Night CC: "FRANK26….2-29-24……CALM DOWN"
KTFA
Thursday Night Conference Call
FRANK26….2-29-24……CALM DOWN
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Thursday Night Conference Call
FRANK26….2-29-24……CALM DOWN
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Iraqi Dinar - Dong Video Updates Thursday Evening 2-29-24
Iraqi Dinar - Dong Video Updates Thursday Evening 2-29-24
Breaking News Vietnam Dong Latest Update Today 2024 - 2:41
Finally Wait Is Over IQD & VND Exchanged Now – 2:58
Iraqi Dinar - Dong Video Updates Thursday Evening 2-29-24
Breaking News Vietnam Dong Latest Update Today 2024 - 2:41
Finally Wait Is Over IQD & VND Exchanged Now – 2:58
Breaking News Vietnam Dong Latest Update Today 2024 – 2:41
Finally Wait Is Over IQD & VND Exchanged Now – 2:58
Iraq Economic News and Points to Ponder Thursday Afternoon 2-29-24
Iraq Economic News and Points to Ponder Thursday Afternoon 2-29-24
Tlm724 Administrator Bondlady’s Corner
The Central Bank Sends A Warning To Exchange Companies
Economy News – Baghdad The Central Bank issued a warning to exchange companies about some people impersonating people to pressure some employees to obtain dollars for travelers.
The bank said in the directive, “We would like to inform you that individuals and networks have been detected carrying out fraudulent operations claiming that they work in this bank or that they have a certain influence on officials or employees of this bank and are trying to impersonate them to put pressure on some institutions in order to obtain the dollar for travelers or others.” Conducting money transfers or other activities.
He added, "In this regard, the Central Bank of Iraq confirms that all allegations made by these parties are false and baseless and must be reported immediately through available means, regardless of the status of the person or group, and that the bank's management and employees at all levels do not represent them, represent them, or mediate on their behalf by any person."
Iraq Economic News and Points to Ponder Thursday Afternoon 2-29-24
Tlm724 Administrator Bondlady’s Corner
The Central Bank Sends A Warning To Exchange Companies
Economy News – Baghdad The Central Bank issued a warning to exchange companies about some people impersonating people to pressure some employees to obtain dollars for travelers.
The bank said in the directive, “We would like to inform you that individuals and networks have been detected carrying out fraudulent operations claiming that they work in this bank or that they have a certain influence on officials or employees of this bank and are trying to impersonate them to put pressure on some institutions in order to obtain the dollar for travelers or others.” Conducting money transfers or other activities.
He added, "In this regard, the Central Bank of Iraq confirms that all allegations made by these parties are false and baseless and must be reported immediately through available means, regardless of the status of the person or group, and that the bank's management and employees at all levels do not represent them, represent them, or mediate on their behalf by any person."
Regardless of their connection to it, this bank does not bear responsibility towards those who are subjected to fraudulent and fraudulent operations, as they are essentially illegal, in addition to the caution, caution, and investigation of the validity of the allegations and documents.”
116 views 02/29/2024 - https://economy-news.net/content.php?id=40994
207 Trillion Dinars.. How Can The Assets Of The Central Bank Of Iraq Be Preserved And What Are The Risks?
Economy 02-29-2024 1,011 views Al-Sumaria News – Economy After the assets of the Central Bank of Iraq rose to 207 trillion Iraqi dinars, questions arose about how to preserve them and whether the political positions of the Iraqi state are related.
The assets of the Central Bank of Iraq rose to 207 trillion Iraqi dinars, according to new economic statistics seen by Al-Sumaria News.
According to the head of the Future Iraq Foundation for Economic Research and Consultation, Manar Al-Obaidi, the mechanism of formation of these assets must be known, as the first process carried out by the Central Bank of Iraq is the issuance of cash currency, which it usually sells to various government and private agencies, “if any.”
Al-Obaidi added, “The largest buyer of the exported cash currency is the Iraqi government, which needs the local monetary mass as a result of a major dilemma that it has not been able to solve for years, which is that most of the state’s revenues are in US dollars as a result of the state’s revenues being dependent on oil, while most of the state’s expenditures are in Iraqi dinars.”
Therefore, the Central Bank buys foreign currency from the Iraqi government and converts it into assets in exchange for giving the exported cash currency to the Iraqi government to spend according to the sections set in the budget, according to Al-Obaidi, who confirmed that this money is in foreign currency, and the Central Bank resells it through banks for foreign commercial transactions and to collect the dinar. From banks.
Al-Obaidi stated that if there is a surplus of foreign currency at the Central Bank, it invests it in a way that ensures, first, the absence of any kind of risk, and second, investing it in institutions that provide the greatest amount of benefits and returns.
Therefore, according to its established policy, the Central Bank cannot invest this money except in guaranteed international bodies and institutions, or it can invest it in precious and stable metals, specifically gold, since the origin of all monetary currencies is gold, according to Al-Obaidi.
The division of the bank’s assets according to their investment locations represents the strength of the central bank and therefore the strength of the issued monetary currency, according to Al-Obaidi, who revealed that it is not possible in any way to put all the money in one basket, such as buying gold, although buying gold is the safest reserve, but the fluctuation of gold prices against the dollar It may lead to not creating a significant interest from the investment, so the bank resorts to distributing its assets into gold reserves, deposits in foreign banks with very high credit ratings, deposits in foreign central banks of countries with very high credit ratings, bonds and securities, and deposits with various financial institutions.
Al-Obaidi explained, “The most dangerous section of the bank’s assets currently in terms of non-recovery are the obligations of the Ministry of Finance amounting to 44 trillion dinars. In previous years, as a result of the state’s weak revenues from oil due to its low prices and the high government expenditure bill, the Iraqi government was forced to borrow from the Central Bank of Iraq to cover its expenses, and with improvement.” Oil prices and increased government revenues.
The government has not reduced its obligations to the Central Bank, and in the event of a return to a decline in oil prices, it may be very difficult to return this money,” indicating that the rest of the other investments, such as bonds and deposits in foreign banks, are the safest and there are no major risks. economically".
Risks may result from the presence of an emergency political circumstance that causes the central banks of the countries in which these funds and deposits are located to reserve and freeze these reserves, as happened to Iraq in the nineties and also what happened to Iran and Russia, according to Al-Obaidi, and he adds that preserving the components of the central bank, which includes a large part of it. Its reserves depend on the political position of the state and the political dealings of the state before it is economic.
In response to the question that is always asked why the Central Bank of Iraq does not invest its assets in institutions outside American control, such as Chinese or Asian institutions, Al-Obaidi explained that the answer, as I mentioned, depends on the credit strength of these institutions and countries, and there are also some investments in financial institutions in Singapore, Malaysia, and China. But not all investments can be placed and withdrawn from Western banks because of their impact on Iraqi-Western relations.
Al-Obaidi said, “The problem is not how investments are distributed and the attempt to withdraw them from Western banks.
The problem is American hegemony over the world, which makes the first country economically, namely China, invest more than $800 billion in American treasury bonds and is considered the second holder of these bonds after Japan, despite... All economic conflict cannot completely abandon the dominance of the US dollar,” he added, “Whenever major and giant countries are able to get rid of American hegemony, then let us think about getting rid of this hegemony as well if it conflicts with the interests of Iraq.”
He stated, “Demanding that Iraq, which is politically, economically and security-fragile as a unit, detach itself from American hegemony and the dominance of the dollar, without a global trend to create another economic pole, is a type of economic and political suicide currently. So let us wait what the results of BRICS will be, as it is the only initiative today to find an alternative to the dollar.
Will this be able to do so?” Countries can break away from the dominance of the dollar, and then a direction and strategy can be developed for Iraq to distribute its investments among various countries. Is it really in Iraq’s interest to break away from the American dollar?
Earlier, the head of the Future Iraq Foundation for Economic Research and Consultation, Manar Al-Obaidi, revealed the assets of the Central Bank of Iraq and said, they were as follows:
* Securities and bonds 71 trillion Iraqi dinars
* Debts to the Ministry of Finance 45 trillion Iraqi dinars
* Balances with external banks 26 trillion Iraqi dinars
* Balances with external central banks 24 trillion Iraqi dinars
* Loans granted within the Small and Medium Enterprises Initiative 12.6 trillion dinars
* Existing gold reserves 12 trillion dinars
* Accounts with international organizations 12 trillion Iraqi dinars
* Foreign exchange reserves in bank vaults 443 billion dinars
* Balances with banks Local 153 billion dinars
*Total assets 207 trillion Iraqi dinars. LINK
The International Monetary Fund Promises To Support Digital Transformation In Iraq
Money and business Today, Thursday, the Iraqi delegation, headed by Finance Minister Taif Sami, concluded its discussions with the Article IV mission of International Monetary Fund experts in Amman.
The Ministry of Finance said in a press statement, “During the discussions, the implementation of the economic reform program and the improvements achieved by the Iraqi government in the field of development infrastructure, financial sustainability, and maximizing non-oil revenues were reviewed.”
The Iraqi delegation confirmed, according to the statement, that “the Fund promised to support development programs to advance public financial management, digital transformation, banking, retirement, and customs sectors, and to enhance private sector participation efforts through investment incentives, infrastructure, and reconstruction,” indicating “its intention to continue discussions and consultations during the Fund’s periodic annual meetings.” "
The Fund’s mission praised “the achievement of good progress in many financial and monetary aspects and in the areas of transparency, control, provision of financial statements and rationalization of expenditures, in addition to the strong return of growth in the non-oil sector during 2023 with a noticeable decline in inflation rates, and this is reflected in the decline in food and energy prices.”
The mission noted “the positive developments in the return of trade financing operations to their normal path and the stability of the foreign exchange market following the implementation of anti-money laundering and counter-terrorism financing controls on cross-border payments,”
welcoming “government plans aimed at strengthening public financial management, including welcoming “With the steps taken by the government towards establishing a unified treasury account, improving cash flow management and increasing the tax base, as well as reviewing the customs tariff structure and achieving more targeting in social support and care.”
The mission also expressed its optimism about “the level of understanding and progress achieved with the Iraqi government and the coordination steps and joint consultations that will be completed in the near term that will contribute to addressing the financial problems imposed by the circumstances of international conflicts and their accompanying economic impacts,” explaining that “purposeful structural reforms are continuing to stimulate economic diversification.” “Creating job opportunities led by the private sector is a pivotal factor in achieving sustainable and inclusive growth.”
According to the statement, priorities at this level include creating equal opportunities for the private sector by implementing reforms in banking and the electricity sector, reducing distortions in the labor market, and continuing to make efforts to strengthen governance and limit the spread of corruption.
It is noteworthy that Article IV consultations are bilateral meetings held annually between the International Monetary Fund and member states, after which a team of Fund experts meets the member country and conducts formal consultations with its officials.
Views 128 02/29/2024 - https://economy-news.net/content.php?id=41010
To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/
Provoking Points to Ponder on Decisions
Men and women everywhere must exercise deliberate selection to live wisely. - Robert Grant
Decision and determination are the engineer and fireman of our train to opportunity and success. - Burt Lawlor
The last of the human freedoms: to choose one's attitude in any given set of circumstances, to choose one's own way. - Viktor Frankl
Choice of attention ... is to the inner life what choice of action is to the outer. In both cases, a man is responsible for his choice and must accept the consequences, whatever they may be. - W. H. Auden
You are the one who must choose your place. - James Lane Allen
Man does not simply exist, but always decides what his existence will be, what he will become in the next moment. - Viktor Frankl
http://famousquotesandauthors.com/quotes_by_topic.html
http://famousquotesandauthors.com/topics/decisions_quotes.html
Some "Thursday Iraq News" Posted by Clare at KTFA 2-29-2024
KTFA:
Clare: Iraq signs a memorandum of understanding with the Japanese company Toyota
2/29/2024- Baghdad
The Minister of Electricity, Ziyad Ali Fadel, sponsored today, Thursday, the signing of a memorandum of understanding with the Japanese company Toyota. To develop the networks and capabilities of the electrical system.
A statement from the ministry, received by Mawazine News, said: “The memorandum was signed in the presence of the Japanese ambassador and stipulates that the Japanese company will finance and implement a number of special projects in the production, transportation and distribution sectors, and joint committees will be formed between the two parties to determine the list of projects proposed for implementation and their priorities.”
KTFA:
Clare: Iraq signs a memorandum of understanding with the Japanese company Toyota
2/29/2024- Baghdad
The Minister of Electricity, Ziyad Ali Fadel, sponsored today, Thursday, the signing of a memorandum of understanding with the Japanese company Toyota. To develop the networks and capabilities of the electrical system.
A statement from the ministry, received by Mawazine News, said: “The memorandum was signed in the presence of the Japanese ambassador and stipulates that the Japanese company will finance and implement a number of special projects in the production, transportation and distribution sectors, and joint committees will be formed between the two parties to determine the list of projects proposed for implementation and their priorities.”
The statement continued, “After concluding the memorandum of understanding, the Minister of Electricity expressed his great appreciation for Japan’s role in supporting Iraq and the contribution of Japanese companies to its reconstruction operations, especially in the energy sector,” reiterating his “call on foreign companies to seize the available investment opportunities and implement various projects in the electricity sector.” LINK
Clare: The launch of the Erbil International Motor Show with the participation of 120 international companies (photos)
2/29/2024
Today, Thursday, the city of Erbil witnessed the opening of the ninth edition of the Erbil International Motor Show, while 120 companies participated, half of them Chinese and eight international companies, most notably Mercedes-Benz, Ford and BMW.
Shafaq News Agency correspondent said, today, the ninth Erbil International Exhibition for cars, spare parts and accessories was opened with the participation of 120 car companies, and it specializes in spare parts and includes 200 brands.
He added that 60 companies from China and eight major international companies such as Ford and Mercedes-Benz are participating, consisting of 13 brands, and the event will continue until the 3rd of next month.
The reporter added that the exhibition opens daily from 11-7 p.m., and provides the possibility of buying and selling cars, spare parts, and registering commercial car agencies. LINK
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Clare: The International Monetary Fund promises to support digital transformation in Iraq
2/29/2024
Today, Thursday, the Iraqi delegation, headed by Finance Minister Taif Sami, concluded its discussions with the Article IV mission of International Monetary Fund experts in Amman.
The Ministry of Finance said in a press statement, “During the discussions, the implementation of the economic reform program and the improvements achieved by the Iraqi government in the field of development infrastructure, financial sustainability, and maximizing non-oil revenues were reviewed.”
The Iraqi delegation confirmed, according to the statement, that “the Fund promised to support development programs to advance public financial management, digital transformation, banking, retirement, and customs sectors, and to enhance private sector participation efforts through investment incentives, infrastructure, and reconstruction,” indicating “its intention to continue discussions and consultations during the Fund’s periodic annual meetings.” ".
The Fund’s mission praised “the achievement of good progress in many financial and monetary aspects and in the areas of transparency, control, provision of financial statements and rationalization of expenditures, in addition to the strong return of growth in the non-oil sector during 2023 with a noticeable decline in inflation rates, and this is reflected in the decline in food and energy prices.” .
The mission noted “the positive developments in the return of trade financing operations to their normal path and the stability of the foreign exchange market following the implementation of anti-money laundering and counter-terrorism financing controls on cross-border payments,” welcoming “government plans aimed at strengthening public financial management, including welcoming “With the steps taken by the government towards establishing a unified treasury account, improving cash flow management and increasing the tax base, as well as reviewing the customs tariff structure and achieving more targeting in social support and care.”
The mission also expressed its optimism about “the level of understanding and progress achieved with the Iraqi government and the coordination steps and joint consultations that will be completed in the near term that will contribute to addressing the financial problems imposed by the circumstances of international conflicts and their accompanying economic impacts,” explaining that “purposeful structural reforms are continuing to stimulate economic diversification.” “Creating job opportunities led by the private sector is a pivotal factor in achieving sustainable and inclusive growth.”
According to the statement, priorities at this level include creating equal opportunities for the private sector by implementing reforms in banking and the electricity sector, reducing distortions in the labor market, and continuing to make efforts to strengthen governance and limit the spread of corruption.
It is noteworthy that Article IV consultations are bilateral meetings held annually between the International Monetary Fund and member states, after which a team of Fund experts meets the member country and conducts formal consultations with its officials. LINK
Clare: Al-Sudani: The investment environment in Iraq has become promising, welcoming and open
2/29/2024
On Thursday, Prime Minister Muhammad Shiaa Al-Sudani described Iraq’s investment environment as “promising, welcoming and open after the financial, administrative and banking reforms carried out by the government he heads.”
This came during his reception of a delegation from the Turkish company Limak, which specializes in transportation and construction projects, headed by the company’s founder Nihat Ozdemir, according to a statement issued by the Presidency of the Council of Ministers.
At the beginning of the meeting, Al-Sudani pointed out the investment and development opportunities that the company can contribute to in Iraq, especially in the areas of infrastructure and transportation projects, and what is related to the development road projects and the Grand Al-Faw Port, as well as road, bridge and industrial city projects in various governorates.
The Iraqi Prime Minister reiterated the government's welcome of companies with high technical and operational experience, explaining that the investment environment in Iraq has become a promising, welcoming and open environment, especially after the financial, administrative and banking reforms took their course, and the private sector was qualified to conclude fruitful partnerships with international companies. LINK
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Clare: The International Monetary Fund indicates a decline in inflation rates and the stability of the foreign exchange market in Iraq
2/29/2024
The International Monetary Fund indicated a “significant decline” in inflation rates, which was reflected in the decline in food and energy prices, in addition to the stability of the foreign exchange market in Iraq, as announced by the Ministry of Finance.
The ministry stated in a statement that an Iraqi delegation headed by Finance Minister Taif Sami concluded today, Thursday, its discussions with the Article IV mission of International Monetary Fund experts in Amman, during which the implementation of the economic reform program and the improvements achieved by the Iraqi government in the field of development infrastructure, financial sustainability, and maximizing... Non-oil revenues.
The statement quoted the delegation as confirming that the Fund promised to support development programs to advance public financial management, digital transformation, banking, retirement, and customs sectors, and to enhance private sector participation efforts through investment incentives, infrastructure, and reconstruction, indicating its intention to continue discussions and consultations during the Fund’s periodic annual meetings.
The statement added that the Fund's mission praised "the strong return of growth in the non-oil sector during 2023, with a noticeable decline in inflation rates, and this is reflected in the decline in food and energy prices."
According to the statement, the mission “noted the positive developments in the return of trade financing operations to their normal course and the stability of the foreign exchange market following the implementation of anti-money laundering and anti-terrorist financing controls on cross-border payments.”
It is noteworthy that the International Monetary Fund’s Article IV consultations are bilateral meetings held annually between the International Monetary Fund and member states, after which a team of Fund experts meets with the member country and conducts formal consultations with its officials. LINK
More News, Rumors and Opinions Thursday Afternoon 2-29-2024
Russia Ready to Test Payments in Digital Currencies With China, EAEU.
MOSCOW (Sputnik) – Russia will promote the topic of improving the BRICS settlement and payment system and is ready to test payments in digital currencies with China, the Eurasian Economic Union (EAEU) and the Gulf countries, Russian Finance Minister Anton Siluanov told Sputnik.
“The agenda that we will promote within the framework of our chairmanship is the improvement of the financial, settlement and payment system, which, in the current conditions of fragmentation, would be convenient and safe for trade participants within the BRICS. The system [that will be] outside of politics, independent of Western unfriendly infrastructure,” Siluanov said.
Russia Ready to Test Payments in Digital Currencies With China, EAEU.
MOSCOW (Sputnik) – Russia will promote the topic of improving the BRICS settlement and payment system and is ready to test payments in digital currencies with China, the Eurasian Economic Union (EAEU) and the Gulf countries, Russian Finance Minister Anton Siluanov told Sputnik.
“The agenda that we will promote within the framework of our chairmanship is the improvement of the financial, settlement and payment system, which, in the current conditions of fragmentation, would be convenient and safe for trade participants within the BRICS. The system [that will be] outside of politics, independent of Western unfriendly infrastructure,” Siluanov said.
Siluanov noted that financial technologies are actively developing and provide a wide range of tools, including for the formation of an innovative payment and settlement infrastructure.
“It is proposed creating a platform that would connect the financial systems of its participants. For example, technological gateways for settlements in digital currencies of central banks are already in operation. We propose creating a BRICS Bridge system, which, based on the BRICS institutions, would be available to our countries and would ensure the proper level of equality and would contribute to the development of trade relations …
We are ready to start [testing] with countries that express such a desire. Perhaps with China, perhaps with our neighbors in the EAEU, with the countries of the Persian Gulf,” the minister added.
Source: Sputnik
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 This monetary reform, the next step which is vitally important in order for us to see what we're looking for, which is called the managed float, their currency matched at least to 1 to 1 with the dollar will be in an international basket...All the articles have been talking about it. It's going to be a managed float. They'll eventually say stop it right there, we can't go any higher than the other middle eastern currencies. This managed float is in its first stage. The float is about to happen.
Militia Man Everything we've been seeing in the news...is quite intense in respect to a lot of the things we've been talking about... Article: "Iraq's Minister of Trade: We seek to join the World Trade Organization and expand our economic relations with the world" That's pretty bold. Quote: "...Iraq is now able to enter the global trade market through the organization on a large scale." There you have it...That is a massive quote.
Even The FDIC Doesn’t Want To Pay Its Tax Bill…
Even The FDIC Doesn’t Want To Pay Its Tax Bill…
Hotes From the Field By Simon Black/James Hickman February 28, 2024
[Important Reminder: In case you missed our announcement from January 24, Sovereign Man has merged with Peter Schiff's media group. We are now called Schiff Sovereign, and our founder (Simon Black) has dropped the pen name and is now writing under his real name, James Hickman.]
Almost one year ago to the day-- on February 24, 2023-- Silicon Valley Bank released its 2022 annual report. And senior executives must have been pretty nervous since the report showed that the bank was nearly insolvent.
The bank had acquired a massive portfolio of more than $100 billion of US government bonds-- supposedly the ‘safest’ asset class in the world-- during 2020 and 2021 back when interest rates were at historic lows.
But then the Fed started hiking rates very quickly in 2022. And higher rates cause bond prices to fall-- even the ‘safest’ ones like US Treasury bonds.
Even The FDIC Doesn’t Want To Pay Its Tax Bill…
Hotes From the Field By Simon Black/James Hickman February 28, 2024
[Important Reminder: In case you missed our announcement from January 24, Sovereign Man has merged with Peter Schiff's media group. We are now called Schiff Sovereign, and our founder (Simon Black) has dropped the pen name and is now writing under his real name, James Hickman.]
Almost one year ago to the day-- on February 24, 2023-- Silicon Valley Bank released its 2022 annual report. And senior executives must have been pretty nervous since the report showed that the bank was nearly insolvent.
The bank had acquired a massive portfolio of more than $100 billion of US government bonds-- supposedly the ‘safest’ asset class in the world-- during 2020 and 2021 back when interest rates were at historic lows.
But then the Fed started hiking rates very quickly in 2022. And higher rates cause bond prices to fall-- even the ‘safest’ ones like US Treasury bonds.
By the end of 2022, Silicon Valley Bank’s portfolio of US government bonds was down by more than $15 billion. And with barely $16 billion in total capital, Silicon Valley Bank was nearly wiped out.
Their 2022 annual report communicated this insolvency risk very clearly. And the bank’s leadership must have probably been expecting the stock to crash almost immediately.
And yet it didn’t. After the annual report was released and all the ‘experts’ on Wall Street had a chance to see the alarming data, Silicon Valley Bank’s stock price barely budged.
Then, just ten days later, the Chairman of the Federal Reserve testified to Congress that the Fed’s rapid interest rate hikes presented absolutely zero risk to the financial system:
“Nothing about the data suggests to me that we’ve [raised rates] too much. . .” he said.
Of course, the Fed’s rapid interest rate hikes were precisely the reason why Silicon Valley Bank’s bond portfolio had lost so much value.
But again, neither Wall Street nor the Fed (which, as a financial regulator, had unfettered access to Silicon Valley Bank’s real-time financial condition) thought there was any risk whatsoever.
We know what happened next, and Silicon Valley Bank collapsed within a week.
But there’s now a new, and even more bizarre chapter to the story.
Typically, when banks in the US fail, one of the federal banking regulators (usually the FDIC, or Federal Deposit Insurance Corporation) steps in to take over.
And that’s what happened with Silicon Valley Bank: the FDIC took over operations almost immediately to try and sort out the mess.
Bank restructurings, however, are almost always chaotic. They take time. The FDIC must liquidate assets in an orderly manner to maximize the value of the balance sheet, then prioritize claims against those assets.
Depositors obviously need to be paid. Creditors and lenders want their money too. And so, of course, does the government.
It turns out that Silicon Valley Bank also owed a tax bill to the IRS… $1.45 billion to be exact.
And since the FDIC became the legally responsible party of Silicon Valley Bank, the IRS went knocking on the door of its fellow government agency to ask for the money.
The FDIC refused.
In fact, according to the FDIC, they owe absolutely zero tax and will pay nothing.
Hilarious, right? This is literally government agency versus government agency in a dispute over taxes. And they can’t even settle the matter like grown adults, so the case is now going to federal court.
This raises an obvious point: if even a government agency like the FDIC is going out of its way to minimize its tax bill, then why shouldn’t everyone else?
There are way too many hard-core Marxists in the United States these days who insist on higher taxes, new taxes, punitive taxes. Activist groups like Pro Publica have published the illegally acquired tax returns of wealthy Americans in an effort to shame people… as if following the tax code and taking completely legitimate steps to reduce what you owe is some mortal sin.
But this case between the FDIC and IRS only proves the point made by Judge ‘Learned’ Hand decades ago, that “Anyone may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury.”
Taking legal steps to reduce your taxes is completely sensible. And frankly tax reduction isn’t even part of a Plan B; it should be Plan A!
Fortunately, there are plenty of ways to do this. In 2024, for example, you can reduce your taxable income by $23,000 (or $27,000 if you're 50 or older), through pre-tax contributions to a Traditional 401(k).
For those who are self-employed or have a side business, a solo 401(k) allows an even greater tax-free contribution of up to $69,000 (and $76,500 for those aged 50 or older).
Plus, you have more freedom to invest your money as you see fit-- real estate, crypto, and more.
And while you do eventually have to pay taxes when you withdraw the funds in retirement, most retirees will be in a lower tax bracket at that point. Plus, your investments will have grown and compounded tax-free for that entire time.
If you’re willing to move across state lines, you can reduce or eliminate state and local taxes. If you are willing and able to move abroad, you can potentially eliminate federal taxes as well.
For US citizens living abroad, the Foreign Earned Income Exclusion (FEIE) allows you to earn up to $126,500 as an individual, or $253,000 as a couple, tax-free (though this does not include investment income).
Plus, you can exclude even more as a housing expense, which varies depending on where you live overseas.
And for people who move to Puerto Rico, as both myself and my partner Peter Schiff did, tax rates go down to 0% on capital gains, and just 4% on business income.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
https://www.schiffsovereign.com/trends/even-the-fdic-doesnt-want-to-pay-its-tax-bill-150216/
Iraqi News Highlights and Points to Ponder Thursday AM 2-29-24
Iraqi News Highlights and Points to Ponder Thursday AM 2-29-24
Bloomberg: Conflict And Fragility In Iraq Prevent It From Joining The World Trade Organization
Money and business Bloomberg revealed the reasons for Iraq's refusal to join the World Trade Organization. The agency said in a report, “Libya, Lebanon, Sudan, and Iraq are among the countries trying to join the World Trade Organization, but due to conflict and fragility, this hinders their accession.” Views 64 02/29/2024 -
Iraq's Losses Continue After Stopping The Region's Oil Exports Through The Port Of Ceyhan
02-29-2024 | Source: Alsumaria News 102 views The region's oil exports through the Turkish port of Ceyhan are still halted, despite the passage of nearly a year, after the lawsuit that Iraq won in the Paris court against Turkey, which obliges Ankara to pay compensation to Baghdad, causing Iraq to incur huge losses amounting to more than ten billion dollars.
Will diplomatic discussions succeed in resolving this issue? LINK
Iraqi News Highlights and Points to Ponder Thursday AM 2-29-24
Bloomberg: Conflict And Fragility In Iraq Prevent It From Joining The World Trade Organization
Money and business Bloomberg revealed the reasons for Iraq's refusal to join the World Trade Organization. The agency said in a report, “Libya, Lebanon, Sudan, and Iraq are among the countries trying to join the World Trade Organization, but due to conflict and fragility, this hinders their accession.” Views 64 02/29/2024 - https://economy-news.net/content.php?id=41007
Iraq's Losses Continue After Stopping The Region's Oil Exports Through The Port Of Ceyhan
02-29-2024 | Source: Alsumaria News 102 views The region's oil exports through the Turkish port of Ceyhan are still halted, despite the passage of nearly a year, after the lawsuit that Iraq won in the Paris court against Turkey, which obliges Ankara to pay compensation to Baghdad, causing Iraq to incur huge losses amounting to more than ten billion dollars.
Will diplomatic discussions succeed in resolving this issue? LINK
Finance Concludes Iraq's Discussions With The International Monetary Fund Expert Mission In Amman
Today Information / Baghdad.. Today, Thursday, the Iraqi delegation, headed by Finance Minister Taif Sami, concluded its discussions with the Article IV mission of International Monetary Fund experts in Amman, while the mission affirmed its continued support for the government’s reform steps.
The Ministry of Finance stated in a statement received by the Al-Ma’louma Agency that “during the discussions, the implementation of the economic reform program and the improvements achieved by the Iraqi government in the field of development infrastructure, financial sustainability, and maximizing non-oil revenues were reviewed.”
The Iraqi delegation confirmed, according to the statement, that “the Fund promised to support development programs to advance public financial management, digital transformation, banking, retirement, and customs sectors, and to enhance private sector participation efforts through investment incentives, infrastructure, and reconstruction,” indicating “its intention to continue discussions and consultations during the Fund’s periodic annual meetings.” ".
The Fund’s mission praised “the achievement of good progress in many financial and monetary aspects and in the areas of transparency, control, provision of financial statements and rationalization of expenditures, in addition to the strong return of growth in the non-oil sector during 2023 with a noticeable decline in inflation rates, and this is reflected in the decline in food and energy prices.” .
She pointed to “the positive developments in the return of trade financing operations to their normal path and the stability of the foreign exchange market following the implementation of anti-money laundering and counter-terrorism financing controls on cross-border payments,” welcoming “government plans aimed at strengthening public financial management, including welcoming steps “The government has taken the initiative to establish a unified treasury account, improve cash flow management and increase the tax base, as well as review the customs tariff structure and achieve more targeting in social support and care.”
The mission also expressed its optimism about “the level of understanding and progress achieved with the Iraqi government and the coordination steps and joint consultations that will be completed in the near term that will contribute to addressing the financial problems imposed by the circumstances of international conflicts and their accompanying economic impacts,” explaining that “purposeful structural reforms are continuing to stimulate economic diversification.” “Creating job opportunities led by the private sector is a pivotal factor in achieving sustainable and inclusive growth.”
According to the statement, priorities at this level include creating equal opportunities for the private sector by implementing reforms in banking and the electricity sector, reducing distortions in the labor market, and continuing to make efforts to strengthen governance and limit the spread of corruption.
It is noteworthy that Article IV consultations are bilateral meetings held annually between the International Monetary Fund and member states, after which a team of Fund experts meets the member country and conducts formal consultations with its officials. : LINK
A Parliamentary Government Approach To Improving The Oil Situation
Information / Baghdad.. The Parliamentary Oil, Gas and Natural Resources Committee revealed, on Thursday, the parliamentary government’s intention to establish new refineries and rehabilitate the old ones.
Committee member Kazem Al-Touki told Al-Maalomah, “There is joint coordination between the Ministry of Oil and the Parliamentary Oil and Gas Committee to follow up on the establishment of new refineries, indicating that the process of rehabilitating the refineries will move Iraq to the stage of self-sufficiency.”
He added, "The next stage will witness the development of lines to enhance national production capabilities and improve the quality of petroleum products."
He explained, "The Baiji refinery will contribute to achieving self-sufficiency in petroleum derivatives, stressing that the rehabilitation stages are proceeding at a high pace." LINK
Parliamentary Finance: Linking The Financing Of Ministries To The Approval Of The Budget Schedule Delays Projects
Projects Economy News – Baghdad On Wednesday, a member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, criticized linking the funding of ministries and governorates to the House of Representatives’ approval of the budget amendments schedule for each year, “which led to a delay in financing projects.”
Al-Kadhimi said in statements followed by Al-Iqtisad News, “The House of Representatives’ approval of a three-year budget was aimed at continuing funding and not delaying it as happens annually. It is unfortunate that the Ministry of Finance linked the funding of ministries and governorates to the approval of the schedule of amendments scheduled for each year.”
He added: “It would have been better for the Ministry of Finance to continue disbursing allocations to the ministries and governorates in the first section and speed up the submission of the amendment schedules,” noting that “linking funding to the budget schedules led to a delay in the work of projects in the Ministry of Health, the Ministry of Education, and other ministries.”
Al-Kadhimi pointed out that “the government and finance ministry’s direction must be to accelerate the release of allocations,” noting that “the House of Representatives is awaiting the budget schedules that were supposed to be sent before the end of last year.”
The member of the Parliamentary Finance Committee continued, “Sending the tables and approving them is linked to the government, and they relate to the variables with the numbers in the table, including, for example, increasing allocations for electric power production, increasing ration allocations or purchasing water and wheat, increasing social welfare allocations, and other issues.”
He stressed, "The government should have diagnosed it before the end of last year and sent it quickly so that the House of Representatives could approve it and continue working without delay."
Views 97 02/28/2024 - 9:12 PM https://economy-news.net/content.php?id=40987
The Iraqi Dinar Recovers Slightly Against The Dollar.. A List Of Prices In 12 Governorates
Economy |Baghdad today - Baghdad Today, Thursday (February 29, 2024), the dollar exchange rates recorded a slight decline on the main stock exchanges, reaching more than 150 thousand Iraqi dinars for every 100 US dollars. Below is a price list for 12 governorates:
$100 = 150,850 Baghdad $100 = 151,200 Basra $100 = 150,850 Erbil $100 = 150,900 Sulaymaniyah
$100 = 151,000 Karbala $100 = 151,100 Kirkuk $100 = 151,000 Babylon $100 = 150,800 Dohuk
$100 = 150,900 Mosul $100 = 151,000 Najaf $100 = 150,900 with penalty $100 = 150,750 Zakho LINK
A Specialist Explains In Numbers The "Cash Liquidity" Crisis That Caused A Delay In The Disbursement Of Salaries
A specialist explains in numbers the "cash liquidity" crisis that caused a delay in the disbursement Whatsapp-image-2023-08-05-at-4_44_11-pm
Baghdad today – Baghdad Today, Wednesday (February 28, 2024), financial affairs expert Nabil Jabbar Al-Tamimi revealed details of the “cash liquidity” crisis that Iraq is going through, which led to a delay in the release of employee salaries.
Al-Tamimi told "Baghdad Today", "There is a real crisis in cash liquidity, and the Iraqi Ministry of Finance brings money to pay salaries through the Central Bank of Iraq, and the bank brings this money by making transfers (selling dollars)."
He stated, “There is a limited possibility for the Central Bank of Iraq to make transfers and sell dollars due to American censorship, and the bank sells approximately (200) million dollars a day, and this process takes place in a month for approximately (22) days only, meaning it sells approximately (4) billion dollars a month.” A dollar per month compared to the exchange rate is (5) trillion Iraqi dinars per year, which is approximately (65) trillion Iraqi dinars, and this number is only the volume of sales of the Central Bank of Iraq.”
He added, "In contrast, Iraq's budget exceeds (200) trillion dinars, and for this reason there is a crisis in the issue of cash liquidity, and the delay in releasing employee salaries during the past months, but this crisis is not very severe, and it is not an economic or financial crisis, but there is a faltering in... Finance is what creates the crisis despite the financial abundance of the dollar, and this is why the Iraqi government is turning to electronic payment so that the process of printing more Iraqi currency does not take place.”
On February 25, the Ministry of Finance denied the lack of sufficient cash liquidity to secure the salaries of state employees and confirmed in a statement, “Securing the salaries of employees, the social protection network, and the salaries of retirees without delay or delay through its retained cash balances for the previous year and its oil and non-oil revenues.” LINK
Provoking Points to Ponder on Decisions
Men and women everywhere must exercise deliberate selection to live wisely. - Robert Grant
Decision and determination are the engineer and fireman of our train to opportunity and success. - Burt Lawlor
The last of the human freedoms: to choose one's attitude in any given set of circumstances, to choose one's own way. - Viktor Frankl
Choice of attention ... is to the inner life what choice of action is to the outer. In both cases, a man is responsible for his choice and must accept the consequences, whatever they may be. - W. H. Auden
You are the one who must choose your place. - James Lane Allen
Man does not simply exist, but always decides what his existence will be, what he will become in the next moment. - Viktor Frankl
http://famousquotesandauthors.com/quotes_by_topic.html
http://famousquotesandauthors.com/topics/decisions_quotes.html
Financial Reset Is Necessary, Here's Why | Gareth Soloway
Financial Reset Is Necessary, Here's Why | Gareth Soloway
Liberty and Finance: 2-2-8-2024
Investors are used to unending stimulus from the Federal Reserve. But market trader Gareth Soloway is anticipating continued high inflation, and the Fed will not be able to lower rates.
Also, the rate at which the national debt is rising is "unsustainable."
"The reset occurs when all of that collapses."
Financial Reset Is Necessary, Here's Why | Gareth Soloway
Liberty and Finance: 2-2-8-2024
Investors are used to unending stimulus from the Federal Reserve. But market trader Gareth Soloway is anticipating continued high inflation, and the Fed will not be able to lower rates.
Also, the rate at which the national debt is rising is "unsustainable."
"The reset occurs when all of that collapses."
"Coffee With MarkZ" Thursday Morning Chat 2-29-2024
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Leap Day
Member: Good morning to all of you. "May the Journey begin"
Member: We need some great news today!
MZ: I am expecting bond updates throughout the day today as to what they are being told . They were told to expect an update on Tuesday from 3 different parts of the world…so I am hopeful to have an update for you all this evening.
Member: Isaac said he's expecting his 1% anytime from today through Tuesday
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Leap Day
Member: Good morning to all of you. "May the Journey begin"
Member: We need some great news today!
MZ: I am expecting bond updates throughout the day today as to what they are being told . They were told to expect an update on Tuesday from 3 different parts of the world…so I am hopeful to have an update for you all this evening.
Member: Isaac said he's expecting his 1% anytime from today through Tuesday
Member: Mark what do you think of the rumor it could happen tomorrow?
MZ: I’m going to leave it as rumor for now. But it could happen in 3 minutes…or 2 days……we just don’t know the timing. But rumors are non-stop running hard.
Member: Well, Nader says they are in the WTO so let’s see how fast Iraq puts out their rate!!
Member: Doesn't Iraq have to have a currency value to join the WTO ?
Member: Major question: Did the WTO accept Iraq's membership at 1310???
Member: I think if Iraq was in the WTO- we would know it…..if we are trying to guess…..I believe they are not in yet.
MZ: I hear they are not yet in. waiting for an announcement.
Member: How are we going to handle the 3 day celebration Iraq wants after the announcement?
MZ: Kuwait had a 10 day lag before the world found out….If Iraq wants a 3 day celebration to go quiet …well we will deal with it. We will have a good idea its already happened and then we will do our thing….We could deal with that. I’m ok with that….They deserve it.
MZ: If Iraq wants 3 days between a rate change before announcing it….I don’t think they will be able to keep the cat in the bag…..the genii in the bottle or Pandora in the box.
Member: Three days is nothing compared to how long we have waited already
Member: they absolutely deserve to celebrate
Member: So, what's the holdup on the RV?
Member: That is the million dollar question.
Member: I think Iraq is a barometer, but IMO the fiat here has to crash first & I believe that they are being held back by the CBI
Member: I know people want to punch me in the face when I say this but I see them wanting to play this thing all the way to the election. God I hope I'm wrong!!
Member: unfortunately, I have been suspecting the same thing
Member: I think what bugs me the most is if we are going another 9 months then why are they making Iraq look like they are ready to RV? I wish they would!!!!
MZ: “Country Garden liquidation petition adds to China’s property woes” Roughly a quarter of their GDP is the property market which has been crashing. This is coming on the heels of the Evergrande liquidation. Watch this one….China is struggling and could all collapse like a house of cards.
Member: A lot of pension funds are invested in commercial property here and Chinese banks as well . Yes the world has major problems .
Member: Chase has been building "small" bank locations all around the country. They took over several empty buildings in KC,MO/KS metro and built several. Most say Chase and JP Morgan Wealth
Member: I really wish I could just download everything into my brain and know exactly what is happening everywhere.
Member: It’s hard to know what’s true . We live in a world of lies…run by liars…..makes me so sad.
Member: I am ready to rock and roll.. Let's GO RV!!!
Member: See you all tonight. Have a blessed day
Zester joins the stream today. Please listen to the replay for his information and opinions. He will be doing a podcast right after Mark’s podcast today.
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.
