Market Failure "Not Far Away" Alasdair Macleod
Market Failure "Not Far Away" | Alasdair Macleod
Liberty and Finance: 5-31-2023
Alasdair Macleod expects a general systemic collapse in the near future. It is possible to postpone the inevitable by creating more currency, he says, but "I think markets will just call 'time' on the whole thing. It can't be far away."
He says only physical gold and silver will retain value in this period.
Market Failure "Not Far Away" | Alasdair Macleod
Liberty and Finance: 5-31-2023
Alasdair Macleod expects a general systemic collapse in the near future. It is possible to postpone the inevitable by creating more currency, he says, but "I think markets will just call 'time' on the whole thing. It can't be far away."
He says only physical gold and silver will retain value in this period.
Iraqi News Highlights Tuesday Evening 5-31-23
Iraqi News Highlights Tuesday Evening 5-31-23
Tlm724 Administrator Bondlady’s Corner
The Stability Of The Dollar Exchange Rate On The Local Stock Exchange
Wednesday 31 May 2023 10:01 | Economical Number of readings: 362
Baghdad / NINA / - The exchange rates of the US dollar against the Iraqi dinar stabilized, today, Wednesday, on the main stock exchange in the capital, Baghdad. The central Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded this morning an exchange rate of 146,000 Iraqi dinars for 100 US dollars. While the selling price in exchange shops in the local markets in Baghdad was recorded at 147,000 dinars per 100 US dollars, and the purchase price was 145,000 dinars per 100 dollars./ End
Iraqi News Highlights Tuesday Evening 5-31-23
Tlm724 Administrator Bondlady’s Corner
The Stability Of The Dollar Exchange Rate On The Local Stock Exchange
Wednesday 31 May 2023 10:01 | Economical Number of readings: 362
Baghdad / NINA / - The exchange rates of the US dollar against the Iraqi dinar stabilized, today, Wednesday, on the main stock exchange in the capital, Baghdad. The central Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded this morning an exchange rate of 146,000 Iraqi dinars for 100 US dollars. While the selling price in exchange shops in the local markets in Baghdad was recorded at 147,000 dinars per 100 US dollars, and the purchase price was 145,000 dinars per 100 dollars./ End
Experimental Launch Of The Electronic Payment Service In The Departments Of The Municipality Of Baghdad
Today, Wednesday, the Undersecretary of the Municipality of Baghdad for Administrative Affairs, Sabbar Al-Masari, announced the launch of the electronic payment service (POS) in the departments of the Municipality of Baghdad, starting today and for a period of 6 months, in cooperation with the Central Bank of Iraq.
And a statement of the Secretariat stated, “Based on the decision of the Council of Ministers that includes assigning all institutions and departments of the state to activate the work of the electronic payment service (pos) in their departments, specialized committees were formed with the Central Bank of Iraq headed by the Undersecretary of the Baghdad Municipality for Administrative Affairs, Sabar Al-Masari, and the membership of the Director General of the Administrative Department in the Municipality Baghdad and the Information Technology Department in the Municipality to activate the service.
Al-Masari confirmed, according to the statement, that "this service was launched experimentally as a first stage within (4) departments in the Municipality of Baghdad, which are (the municipality of the Green Zone and the airport road, the municipality of Rusafa, the administrative and financial department, relations and media within the Baghdadi Museum) and work continues in the rest of the municipality's departments." .
He pointed out, "The contracts concluded with electronic payment companies are for a period of 6 months free of charge and will allow the collection of Baghdad Municipality fees, so that the financial payment will be through the electronic wallet, as is the practice in most countries of the world as part of facilitating government procedures that were approved within the government program."
He continued, "I have directly supervised the activation of this service and the preparation of a study on the possibility of benefiting from this experience in the future to shift to electronic automation in all departments of the Municipality, in a way that enhances its value in fighting corruption, applying the concept of integrity, and increasing the Municipality's revenues financially."
He pointed out, "The Municipality of Baghdad launched earlier its electronic platform entitled Baghdad - Citizen's Voice to be a portal to receive citizens' suggestions and complaints. Today, this application includes more than 10,000 subscribers, and more than 130 complaints are received daily, which are processed 24 hours a day in cooperation with the relevant authorities." The relationship in the Baghdad Municipality. https://www.radionawa.com/all-detail.aspx?jimare=34550
IMF Staff Concludes Staff Visit To Iraq
May 31, 2023 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board.
Foreign exchange market volatility and reduced oil production have affected Iraq’s growth momentum.
The authorities’ fiscal expansion plans could stoke inflation in the short run and pose significant medium-term macroeconomic stability risks.
Fiscal discipline and wide-ranging structural reforms are critical to reduce Iraq’s vulnerabilities, strengthen resilience, and achieve durable and more inclusive growth.
Washington, DC: A staff team of the International Monetary Fund (IMF) led by Tokhir Mirzoev visited Amman, Jordan from May 24-31 to discuss with the Iraqi authorities the recent economic developments and outlook as well as policy plans in the period ahead.
At the end of the mission, Mr. Mirzoev issued the following statement:
“ The Iraqi economy’s growth momentum has slowed in recent months. After recovering to its pre-pandemic level last year, oil production is set to contract by 5 percent in 2023 owing to the OPEC+ production cut and outage of the Kirkuk-Ceyhan oil pipeline. The foreign exchange (FX) market volatility in the wake of tighter anti-money laundering/combating the financing of terrorism (AML/CFT) controls by the Central Bank of Iraq (CBI) on FX sales has adversely affected import-dependent non-oil sectors.
Real non-oil GDP is estimated to have contracted by 9-percent (year-on-year) in the last quarter of 2022, negating its growth during the previous three quarters. With the FX market appearing to be stabilizing, helped by CBI’s actions, growth of real non-oil GDP is expected to resume and reach 3.7 percent in 2023. After spiking to 7 percent in January, inflation has begun to moderate—reflecting lower international commodity prices as well as a 10-percent revaluation of the dinar—and is projected to average 5.6 percent in 2023.
“Favorable oil market conditions have supported Iraq’s fiscal and external positions, but structural imbalances continue to widen. In 2022, fiscal and external current account surpluses have reached 7.6 and 17.3 percent of GDP respectively on the back of record-high oil revenues. The CBI’s FX reserves rose to US$97 billion (11 months of imports), including US$16.3 billion (6 percent of GDP) in fiscal savings accumulated by the government. At the same time, a large fiscal expansion has widened the non-oil primary deficit from 52 to over 68 percent of non-oil GDP in the course of 2022.
“ An even bigger fiscal loosening envisaged in the draft 2023 budget law would widen the non-oil primary fiscal deficit further to 75 percent of non-oil GDP and bring the overall fiscal balance to a deficit of 6.5 percent of GDP. The combined effects of increased government spending, the exchange rate revaluation, and reduced oil production would bring the fiscal break-even oil price to $96 per barrel.
“ In the short run, implementation of the authorities’ fiscal plans could re-ignite inflation and FX market volatility. Over the medium term, continuation of current policies in the presence of substantial uncertainty about the future path of oil prices poses critical macroeconomic stability risks. Barring a large increase in oil prices, the current fiscal stance could lead to mounting deficits and intensifying financing pressures in the coming years.
“A significantly tighter fiscal policy is needed to strengthen resilience and reduce the government’s dependence on oil revenues while safeguarding critical social spending needs. Key priorities include diversifying fiscal revenues, reducing the oversized government wage bill, and reforming the pension system to make it financially sound and more inclusive.
While supporting the government’s plan to increase social assistance, the mission recommends stronger targeting to ensure that it is directed to those who are most vulnerable.
“Improving public financial management remains of critical importance. In this context, the mission cautions against the planned establishment of new extrabudgetary funds, which raise governance and efficiency concerns, and strongly recommends adhering to on-budget government expenditures Furthermore, the mission urges full implementation of the framework for managing government guarantees, including Parliamentary approval and publication of an annual ceiling on and the list of government guarantees as part of the budget law.
Accelerated efforts to establish a Treasury Single Account are also needed to strengthen public financial management.
“The mission welcomes the progress made by the CBI in improving its liquidity management and the AML/CFT frameworks and underscores the importance of close alignment of the stance of fiscal and monetary policies in managing the economy.
“Creating an enabling environment for private sector development will be of utmost importance for achieving durable and more inclusive growth. Priorities include continued efforts to enhance governance and reduce corruption, restructuring large state-owned banks to improve access to finance, reforming the labor market to promote private sector job creation, improving cost recovery in the electricity sector to enhance its ability to meet demand in a sustainable manner, and improving the broader business environment.
“The IMF staff team stands ready to support the authorities in their reform efforts and would like to thank them for candid and productive discussions during this mission.”
IMF Communications Department
The Central Bank Confirms Dealing In Iraqi Dinars, And Those Who Are Conflicting In Dollars Will Be Referred To The Judiciary
Today, Wednesday, the Central Bank of Iraq identified the party responsible for selling the dollar at the parallel price, while stressing that the dinar is the national currency and there is no need to deal with anything else.
"The aim of the central bank's launch of the three consecutive packages is to maintain the stability of the exchange rate and deal at the official price, and the sale was launched through cash sales platforms," said Muhammed Yunis, the assistant general manager of the Investments Department at the Central Bank of Iraq, to the Iraqi News Agency.
He added, "The bank is currently adopting a mechanism to improve procedures, facilitate remittance transfers, and overcome all difficulties," pointing out that "small merchants who are not entitled to enter the platform are the ones who buy dollars and deal at the parallel price, pressure and form a demand for it. As for the rest of the commercial companies, they enter the platform and run Its remittances are normal and at the official rate.”
He continued, "The members of the Iraqi Dinar Support Committee are communicating with the security services to implement the instructions of the Council of Ministers and the Central Bank to support the dinar, stabilize the exchange rate, and prevent informal dealings because there is no need to deal in dollars in Iraq."
He emphasized that "those speculating in dollars are violating the law, and dealing with them is done through the Iraqi judiciary." https://www.radionawa.com/all-detail.aspx?jimare=34552
The Central Bank Threatens Dollar Speculators And Confirms: “The Judiciary” Will Take Its Course
Iraq Wednesday, May 31, 2023 Baghdad / The National News Center The Central Bank of Iraq stressed today, Wednesday, that those who speculate in dollars are violating the law, while stressing that dealing with them takes place through the Iraqi judiciary.
The Deputy Director General of the Investments Department at the Central Bank of Iraq, Muhammad Yunus, said in a statement followed by the National News Center, that “the aim of the Central Bank’s launch of the three consecutive packages is to maintain the stability of the exchange rate and deal at the official price, and the sale was launched through cash sales platforms.” .
He added, “The bank is currently adopting a mechanism to improve procedures, facilitate remittance transfers, and overcome all difficulties,” noting that “small merchants who are not entitled to enter the platform are the ones who buy the dollar and deal at the parallel price, pressure and form a demand for it. As for the rest of the commercial companies, they enter the platform and run Its remittances are normal and at the official rate.”
And he continued, "The members of the Iraqi Dinar Support Committee are communicating with the security services to implement the instructions of the Council of Ministers and the Central Bank to support the dinar, stabilize the exchange rate, and prevent informal dealings because there is no need to deal in dollars in Iraq."
He emphasized that "those who speculate in dollars are violating the law, and dealing with them takes place through the Iraqi judiciary." https://nnciraq.com/208520/
An Economist Who Identifies The Mechanisms For The Success Of The Development Path And Shows Its Difference From The Silk Road And The Dry Canal
Today Information / special.Today, Wednesday, the economic expert, Hammam Al-Shamma, explained the difference between the development and fire projects and the dry canal, while determining how the path of development and serving the Iraqi economy could succeed.
Al-Shamma said in an interview with Al-Maalouma Agency, that "the development road is a rail and land link linking Iraq with the Turkish borders, while the Al-Jafah channel is no different from the development road project, but both are one project, and the difference has become in name only."
He pointed out, "The Silk Road is a Chinese project with unclear features, and it may not depend on Iraq, meaning that it is completely different from the path of development," noting that "the development path, if it is based on an objective study of global monetary exchanges, can serve Iraq greatly.".
The economist explained, "There are those who believe that the feasibility study is incomplete and carried out by a non-specialized company," adding, "This project is supposed to be handed over to international transport companies, given that there are details related to calculating costs."
He continued his speech, saying: "When shipping containers from the Chinese port of Xiamen directly to the European port, despite the long distance, the costs may be less than the costs of sea freight and then disposal for land transportation via trains and cars."
Al-Shamma considered: "Studying costs and the market is very important, because the hypotheses are based on studying the market and not only on the technical side."
And the political analyst, Sabah Al-Aqili, had counted, the development road project is the complementary stage for the great port of Faw, the belt and the road project, while he stressed that it is a future project related to the development of Iraq's economy.
Opinions and viewpoints differed in the popular and political circles about the development project between supporters and opponents.
Some speculated that it would be an alternative to the Silk Road and kill the Chinese agreement, while others considered it an important strategic project in the interest of Iraq. Ended / 25R
https://almaalomah.me/news/economy/اقتصادي-يحدد-اليات-نجاح-طريق-التنمية-ويبين-اختلافه-عن-الحرير
To read more current and reliable Iraqi news please visit BondLady’s Corner:
These Are the Best Ways To Transfer Wealth
These Are the Best Ways To Transfer Wealth
I’m a Financial Advisor Who Works With Wealthy Families: These Are the Best Ways To Transfer Wealth
Andrew Lisa Tue, May 30, 2023
It’s one thing to make money, but building generational wealth requires strategic planning for what happens with your assets after you’re gone. GOBankingRates spoke with financial and estate planning professionals with wealthy clientele and found there is no one-size-fits-all solution.
“No two individuals or families are identical, so every estate plan must be as unique as the people creating it,” said Seth Bier, a Los Angeles estate planning attorney and founder of Bier Law. “We focus on planning for what’s most important for each client, but our universal goals are planning for people to keep as much of their hard-earned money as possible, keep them out of court, and bring their loved one’s closer together during tough emotional situations.”
These Are the Best Ways To Transfer Wealth
I’m a Financial Advisor Who Works With Wealthy Families: These Are the Best Ways To Transfer Wealth
Andrew Lisa Tue, May 30, 2023
It’s one thing to make money, but building generational wealth requires strategic planning for what happens with your assets after you’re gone. GOBankingRates spoke with financial and estate planning professionals with wealthy clientele and found there is no one-size-fits-all solution.
“No two individuals or families are identical, so every estate plan must be as unique as the people creating it,” said Seth Bier, a Los Angeles estate planning attorney and founder of Bier Law. “We focus on planning for what’s most important for each client, but our universal goals are planning for people to keep as much of their hard-earned money as possible, keep them out of court, and bring their loved one’s closer together during tough emotional situations.”
Here are the best ways to make that happen.
Keep More Money in the Family by Minimizing Costs and Taxes
Expensive estate transfers shrink inheritances.
Bier explained that the costliest part of the process is usually probate, an often-lengthy legal process that validates wills. In his home state of California, for example, the so-called 4-3-2-1 law requires estates to pay a succession of attorney fees that pile on as the estate becomes more valuable. It’s 4% on the first $100,00, 3% on the next $100,000, 2% on the next $800,000 — that’s 9% on the first $1 million alone — then 1% on the remainder up to $9 million.
Depending on Where You Live, You Might Pay Taxes Twice
After the judicial system gets its bite, it’s the Taxman’s turn.
“In 2023, we each have a federal estate tax exemption of $12.92 million,” said Bier. “That means 97% of Americans who pass away this year will not have to pay any federal estate tax. For the very fortunate 3% who would have to pay a federal estate tax, advanced planning can help minimize the 40% tax by removing assets from their estate and taking advantage of the unlimited marital deduction and generation-skipping tax exemption.”
And the IRS isn’t the only one in line.
“While many states do not have an estate tax like the federal system, the savvy will determine if their state has an estate tax and implement a plan to mitigate those taxes,” said Robert E. Kabacy, an estate planning lawyer with the firm Kell, Alterman & Runstein.
Do What the Wealthy Do: Put Your Trust in Trusts
So, how do the wealthy remove assets from their estate, avoid probate proceedings and capitalize on unlimited deductions?
To continue reading, please go to the original article here:
https://finance.yahoo.com/news/m-financial-advisor-works-wealthy-133542196.html
Ignore Digital Dollars "Hot Air" and Watch For Gold $3000 and Silver $50
Ignore Digital Dollar’s 'Hot Air' and Watch for Gold $3,000, Silver $50
Stansberry Research: 5-31-2023
“Silver is gold on steroids. After gold gets going, people start to look at the next big thing, silver takes off,” says John Doody, editor of Gold Stock Analyst. He talks about the factors contributing to the bullish outlook for gold and silver, including unresolved debt issues and the Federal Reserve's aggressive interest-rate hikes.
He also discusses the deep-rooted cause for the recent banking crisis. "It's 2008 all over again. The banks are loaded up with bonds, [and] the value is way under what they paid for,” argues Doody.
He explains that the Fed’s rate-hike policy has diminished the value of bonds, leading to the death of Silicon Valley Bank since it had to sell bonds in losses to return money back to depositors. “The whole problem is really a problem for all banks,” he says.
He believes that all banks are underwater in terms of bond holdings. Additionally, he contends that a cashless society is less likely because “people need cash to do transactions.”
Ignore Digital Dollar’s 'Hot Air' and Watch for Gold $3,000, Silver $50
Stansberry Research: 5-31-2023
“Silver is gold on steroids. After gold gets going, people start to look at the next big thing, silver takes off,” says John Doody, editor of Gold Stock Analyst. He talks about the factors contributing to the bullish outlook for gold and silver, including unresolved debt issues and the Federal Reserve's aggressive interest-rate hikes.
He also discusses the deep-rooted cause for the recent banking crisis. "It's 2008 all over again. The banks are loaded up with bonds, [and] the value is way under what they paid for,” argues Doody.
He explains that the Fed’s rate-hike policy has diminished the value of bonds, leading to the death of Silicon Valley Bank since it had to sell bonds in losses to return money back to depositors. “The whole problem is really a problem for all banks,” he says.
He believes that all banks are underwater in terms of bond holdings. Additionally, he contends that a cashless society is less likely because “people need cash to do transactions.”
Chapter stamps:
00:00 John’s take on the gold price
3:34 What’s so significant about gold behaving this way now?
6:08 Fed and gold
7:19 Mining stocks
7:38 Top 10 lists
9:27 New presidential candidates support bitcoin
11:45 CBDCs 13:09 De-dollarization
14:04 U.S. dollar
15:00 Europe and Germany recession
15:40 Turkey sold off gold
16:33 Silver
Wednesday Evening Chat With MarkZ 5-31-2023
Wednesday Evening News with MarkZ 05/31/2023
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good evening everyone….hope Mark has good news tonight.
MZ: Not a lot of news….but there is a little.
Member: Rumors still good for next day or 2?????
MZ: I am still hearing from many bankers that there is a great possibility for this evening.
Wednesday Evening News with MarkZ 05/31/2023
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good evening everyone….hope Mark has good news tonight.
MZ: Not a lot of news….but there is a little.
Member: Rumors still good for next day or 2?????
MZ: I am still hearing from many bankers that there is a great possibility for this evening.
MZ: Then I got an interesting one from an international law enforcement contact that there will be a massive “clean up” starting at the end of next week in many of the redemption areas. I don’t know if that means …but I heard it will be a massive clean up. And not just US areas- but around the world. I find this interesting.
Member: Maybe arresting folks who said things they shouldn’t or scammed folks out of their currency……interesting.
Member: Very necessary and long overdue! Hope any sccammers get what they deserve.
Member: Maybe that means we will hear the EBS soon.
MZ: Im sure ther are a lot of nefarious people who have loaded up on currencies with the intentions of re-hypothiccating the rats. That has been one of the concerns ,so they are possibly dealing with this now.
Member: Suppose to start seeing some military movement all over starting tomorrow
Member: RayRen and Tony are hearing very positive stuff for tomorrow
Member: just heard from TNT Tony that the international rate that is I've for Iraq is 3.81.but we get more
Member: Bo Poney is saying that it's going to be over by June 25th
Member: My credit union is going down for "maintenance" Sunday and said they might not be back up well into MONDAY.
Member: At bank today asked MGR about reset she said June 5 th got excited she actually had a date
Member: I wonder if there Is there anything to the ISO20022 compliance deadline for banks being tonight? Will non-compliant banks close??
Member: At the Redemption centers, they should have a finish line we run thru…
Member: That is a great idea!!!!!
Member: Thanks Mark and Mods…..see you all in the AM for coffee.
Member: Markz will be on rumble on SATURDAYS ONLY so he can speak his mind. you will find him on YouTube during the week.
STARTING THIS SATURDAY GO TO: Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
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.
GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
AFTER THE NEWS UPDATE….WILL TAKE A SHORT BREAK AND JOIN MARK BACK AT 8:00 PM EST FOR WHISKEY & WISDOM! WHAT’S ON YOUR MIND TONIGHT?
Bruce’s Big Call Dinar Intel Tuesday Night 5-30-23
Bruce’s Big Call Dinar Intel Tuesday Night 5-30-23
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the Big Call tonight - It is Tuesday, May 30th and you’re listening to the Big Call, thanks for tuning in wherever you are listening all over the globe, we've got a pretty much a global reach these days over the last several months. And we're glad that you're part of us whether you're live or whether you're listening on a replay number or a replay link or whatever - however you're getting to us. We appreciate you tuning in.
All right, let's get into where we are. Let's talk first about Iraq. Iraq did put their budget in the gazette last Saturday. Yay. The rate was to come out Sunday, which it did and it's a good rate in country rate as well as international same thing.
Bruce’s Big Call Dinar Intel Tuesday Night 5-30-23
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the Big Call tonight - It is Tuesday, May 30th and you’re listening to the Big Call, thanks for tuning in wherever you are listening all over the globe, we've got a pretty much a global reach these days over the last several months. And we're glad that you're part of us whether you're live or whether you're listening on a replay number or a replay link or whatever - however you're getting to us. We appreciate you tuning in.
All right, let's get into where we are. Let's talk first about Iraq. Iraq did put their budget in the gazette last Saturday. Yay. The rate was to come out Sunday, which it did and it's a good rate in country rate as well as international same thing.
And they are also supposed to put it all out for us, everybody, including us to see the rate and the budget and all that tomorrow.
But let's see if that happens tomorrow. And the only reason they've held off doing that is because we have requested that they don't put it out yet.
They don't want everybody all excited and seeing a rate on the dinar. And all of a sudden they can't do anything about it, because we don't have a toll free number yet. So let's get to that in a moment.
Before we get too deep into this, I did want to bring something up that's become an issue. - Online issue. You know we are all looking forward to the Med Beds becoming available to us.
We know they're out there. We know the military's controlling them. We know that they're not quite ready for public use. We know that we're close to getting in there. Hopefully sometime in June. Okay. And that's just days away. So sometime in let's call it mid June, maybe before - but probably around mid June, is what we're hearing.
Now, here's the problem. Many people have received emails from some people calling themselves med bed team requesting money to sign up or register for an appointment on the med bed.
Okay, number one, I don't know if everybody knows this or not, but you'll know it now. The Med beds are free for us to use. They're not super expensive to build either by the way. They're not that expensive. They don't even cost as much as the fine automobile.
But though there are 1000s of them throughout the United States are free for us to use - there will be no charge for the med bed. It won't cost you a nickel. Use them.
Now these sales that are coming out they first started coming out. They wanted $100 to sign up to try to get into med but then that went to 300 - now I understand the first emails come out asking for 450 And then they want $1,000 for insurance. then they want another &$5700 - guys – it’s a total scam - do not respond to those emails. If you ever received one - Hopefully very few if any of you have sent money in.
Okay, because it's a con. It's not real. It's a scam. We first knew about it months ago. I'm gonna say something at least five or six months ago.
We let people know who are our contacts to the Mad beds. We let them know we forwarded emails. They are on it and supposedly they've got a people that were doing it – and it shut down for a while Now somebody else or maybe same people are back at it again.
Now we've alerted the people that this is continuing. And here's the remedy of this. First of all, don't send them any money don't respond to them. If you're getting that email, God knows how they got the list or, or emails I have no idea they got it.
But here's what you're to do.
Number one, print out a copy of the email whether you have paid any money in been taken on this deal or not. Print it out and take a copy of it with you to the redemption center - in case you have paid and you can be reimbursed for it at the redemption center. If you pay for it - Unknowingly you got scammed and you just didn't know - you'll be reimbursed for it at the redemption center
Number two - take a copy of it with you to the Med bed location when those become available - When you can set an actual appointment you'll bring your bring a copy of that email in with you for your Med Bed appointment -. Okay, the med beds are real.
The technology that we know about is absolutely amazing and mind boggling. And yes, it will heal basically everything we know - everything that we know about that but I'm not here to promo and promote the med beds but it is important for you guys to realize and be aware we've got a big reach and they should make it out throughout you know the blogs and internet that these people that are asking for money to set appointments for you for the med bed to register you to set your appointments, all of that it's all a total scam. Don't be suckered in by it. Just don't do it.
But if you have received that email, print out a few copies of it, make sure that you've got it to take to the redemption center and also to take it to the med bed location where when that becomes available for you. All right, and it will be on a need basis, meaning most serious need first is how they're going to do that. And it's going to dramatically change what we know as modern medicine.
I guarantee that it's going to be life changing for us and for the world in a year / two years. Most everybody had an issue or as a problem will probably be completely healed by it. All right. So that's uh, that's something I wanted to bring.
Now. Let's go back to the intel about what we're hearing.
All right, there's the date of Thursday. June 1. Two days away. Tomorrow night - Now we're going to check - that tonight. Tuesday night at midnight, is the start of the activation of the ISO 220 20 22 protocols.
That gets activated tonight at midnight, and in a 24 hour period, which would be by midnight tomorrow night, the 31st at midnight - and then in that 24 hour period all banks need to be Basel - Basel lll compliant.
There is a certain level of resources that need to be backed up by deposits backed up having those assets to back deposits, under Basel lll compliance. They need to be Basel lll compliant, and they have 24 hours to get there - to be there.
Now, what's going to happen as a result, a lot of banks that haven't already collapsed, will collapse. Globally, US and other countries will shut down or they'll no longer be able to operate. So they'll be closed.
Now that means that by essentially midnight or midnight oh two on the first we move into a new system. Not only is the quantum financial system, fully integrated with all of those banks that are Basel three compliant, globally we have the USN our new asset backed currency. We should have it in the banks on the first which is Thursday.
We also have --- Well, that's the main part of the compliance issue. The ISO 220 22 The Quantum financial system, the US N currency asset backed all take place as of Thursday.
But let's cut to where the bondholders stand.
The bond sellers we understand from their paymasters are started receiving FedEx packages with their instructions and credit debit cards and so on - Started tonight at six o'clock Eastern for delivery and should be delivered over the next four days.
I'm gonna say 6 pm, Tuesday night - Wednesday - Thursday and Friday. So that theoretically by around Saturday, all of the bond sellers FedEx packet packages would have gone out.
Now when do the bondholders get access to their funds? We found out from another source today going to start getting access to those funds at 2:30 in the morning - Eastern Time. Guess when? Thursday, first of June.
So they'll have access to funds. Even some additional cards will still be going out probably Friday, maybe even Saturday. But they'll have access - the ones that did receive those cards - They'll have access to their funds on Thursday, Thursday morning.
Because they're gonna get those emails that are there their accounts will be activated so that they can have liquidity and have access on Thursday.
Okay, that's all fine, good. But where does that put us?
Remember, we're sort of going pretty closely aligned with the bond holders in tier 3 - since we're in tier four - Specifically tier 4B - the Internet Group. And we tend to call tier 4 A the admirals groups – plural And that's what it is - so Wells Fargo sees tier four A and B just as tier four. for their purposes. They see us all as one
So when are we supposed to get our notifications? Now what we're hearing the latest that we've heard tonight, before the call is it's most likely we would wake up to those on Thursday morning.
They may use the same timeframe for us to get notified as the bondholders are getting notified of their liquidity - supposed to be early Thursday morning. Will it be at 2:30? I don't know and I wouldn't stay up for it.
But just be aware that the timing of this is going to be so that we can set our appointments Thursday and most likely go Thursday for first exchanges.
So we've got everything the stage is set, being the first of June. It's the beginning of the third quarter. It's a clean break from where we are now in May. And what else is supposed to happen in June as we're supposed to have the restitutional and reclamation allowance kicking in - in June. We've heard first week and last week of June, don't hold me to that. That should be in June. Increase the the Social Security amounts for those that are in Social Security increase in June.
All right, we talk restitution allowance, and it's going to work over a 13 month period. Those that had worked at least 10 years. Let's say you started at the age of 18. And you're reclamation and restitution allowance would kick in from the age of about 28.
From 28. Let's say you work as a team you started from 18 to 61. That's considered kind of one group that's going to be paid out in 13 equal payments of whatever that total would be for you. divided by 13 and payables starting in June, for 13 months in a row.
And it'll be it could be substantial for a lot of people. Now let's say you're 62 and older and you're getting Social Security, your restitution allowance will come as just the same way that your Social Security monthly amount is coming by direct deposit - and if you're not gonna say you're a social security agent, let's just say you're 62 and older, but you're not taking Social Security yet.
Well you will probably get a FedEx packet, in which we'll give you the instructions on how you can begin to claim them - I believe there'll be using Fed-x for all of those two is a pretty big deal. So that's something for us now Thus, those of us who are currency holders, and we're soon starting Thursday we believe we don't know it but we believe it. And you know, that means that it's going to be a really big month for everybody.
But those that are getting Social Security will not only get an increase in the month of June, which could be substantial really. And they'll also get restitution allowance as a lump sum payment. And that can be significant - now for us in currencies isn't as big a deal. Right? Especially zim holders - forget about it.
You’re not even going to look at it almost. But for the rest of the country that is not on Social Security, or they're not in the currencies – it’s going to be significant - so it's going to be interesting see, oh that washes out the first few months after this goes.
I think that gives us an idea of what we're expecting. But – there’s that big word “but” - we know that we've been told things in the past that I've been given information that look very, very solid that did not come through - and we've been pushed or we thought it was gonna be this that it ended up. We've moved the back wall. We've moved two or three back walls that I can remember. Maybe more.
So this is pushing us up against another wall.
And we thought we'd be notified either today or tomorrow - there's still a possibility of tomorrow. But realistically I’m going with early morning on Thursday. Right now I think that's more likely to be when it happens -
Now, guys know what to do. If you have been scammed by the so called med bed team, which I've really kind of felt we had them snuffed out, evidently not. So they're going to be on that – like white on rice - We got the handle but in the meantime, even if you've received those emails, make copies of them to bring to the redemption center and the med bed center when your appointment is set for that - Hopefully starting around mid June. Okay. All times approximate.
So that's what I wanted to bring to you guys tonight. And I'm excited about this obviously, I want you guys to be ready - And looking forward to it.
I know we've had 107 countries last week. I don't remember how many we had to have tonight. We never know till afterwards. But I'm excited that we're reaching a lot of people out there with good news with the RV and with information but so I want to thank everybody that's been listening for these 12 years. Let's see what happens. We're looking forward to this coming in and finally, and so thank you everybody for participating on the call.
All right, everybody thanks again let’s pray the call out . Everybody have a great week and we might see you on Thursday night -
Bruce’s Big Call Dinar Intel Tuesday Night 5-30-23 REPLAY LINK Intel Begins 1:15:00
Bruce’s Big Call Dinar Intel Thursday Night 5-25-23 REPLAY LINK Intel Begins 1:15:15
Bruce’s Big Call Dinar Intel Tuesday Night 5-23-23 REPLAY LINK Intel Begins 1:11:11
Bruce’s Big Call Dinar Intel Thursday Night 5-11-23 REPLAY LINK Intel Begins 1:00:50
Bruce’s Big Call Dinar Intel Tuesday Night 5-16-23 REPLAY LINK Intel Begins 1:24:24
Bruce’s Big Call Dinar Intel Thursday Night 5-11-23 REPLAY LINK Intel Begins 1:18:48
Bruce’s Big Call Dinar Intel Tuesday Night 5-9-23 REPLAY LINK Intel Begins 1:27:00
Iraqi News Highlights Wednesday Afternoon 5-31-23
Iraqi News Highlights Wednesday Afternoon 5-31-23
Tlm724 Administrator Bondlady’s Corner
The Minister Of Commerce Announces The Launch Of The Electronic Window Project For The Registration Of Local And Foreign Companies
Economy| 11:45 - 05/31/2023 Baghdad - Mawazine News, Minister of Commerce, Atheer Dawood Al-Ghurairy, announced, on Wednesday, the launch of the electronic window project to register local and foreign companies, while stressing the move towards electronic governance and comprehensive digital transformation.
Iraqi News Highlights Wednesday Afternoon 5-31-23
Tlm724 Administrator Bondlady’s Corner
The Minister Of Commerce Announces The Launch Of The Electronic Window Project For The Registration Of Local And Foreign Companies
Economy| 11:45 - 05/31/2023 Baghdad - Mawazine News, Minister of Commerce, Atheer Dawood Al-Ghurairy, announced, on Wednesday, the launch of the electronic window project to register local and foreign companies, while stressing the move towards electronic governance and comprehensive digital transformation.
Al-Ghurairy said in a speech during the celebration of launching the electronic window project for registering local and foreign companies: "Today we celebrate the launch of the single electronic window project for registering local and foreign companies, under the slogan (Together to improve the environment for business performance and investment in Iraq)."
He added, "The Ministry of Commerce was keen to work according to the right direction, in implementation of what was stated in the government program in improving the environment for business and economic performance, simplifying government procedures and services to overcome work and bureaucratic obstacles, and opening new channels to open up to the business and economy world through proper planning and relentless pursuit to make Iraq a safe and attractive environment for investment." foreign companies to keep pace with development and build the country's economy.
He pointed out that "the Ministry of Commerce today, and within its ministerial curriculum, is moving towards electronic governance and a comprehensive digital transformation to work to improve institutional performance and support sustainable development to eliminate redundant administrative circles and upgrade the government services it provides to the highest levels and in various fields."
He pointed out, "The single electronic window project for registering local and foreign companies is one of the important and effective projects that seek to provide a business environment for the beneficiaries according to advanced mechanisms and international standards." Ended 29/N33
https://www.mawazin.net/Details.aspx?jimare=228047
Education Launches The Electronic Payment Service (Pos) Project In Its Educational Institutions
Money and business Economy News / Baghdad On Wednesday, the Ministry of Education launched the electronic payment service (POS) project in its educational institutions.
The ministry said in a statement that the project was launched "after agreement with companies licensed by the Central Bank to install devices in the directorates of financial affairs and educational planning, the executive body for literacy, vocational education, preparation, training, evaluation, exams, and educational television, in addition to the General Directorate of Public, Private and Foreign Education, and the Curriculum Directorate." .
And she added, "The Director General of Financial Affairs, Ahmed Abbas Reshek, met with the company's staff and the general managers of the concerned directorates to explain the mechanism of work of the devices and technologies that they operate in, in order to facilitate the payment process."
She indicated obligating "the general directorates of education not to renew licenses and grant licenses to practice private educational institutions unless they commit to providing and activating electronic payment devices (pos) to enable auditors to pay easily while maintaining cash delivery side by side, in the strongest initiative to achieve integrity within educational institutions."
Views 25 Added 05/31/2023 - https://economy-news.net/content.php?id=34504
Deputy: The Budget Cannot Be Legislated Unless A New Agreement Is Reached Between Baghdad And Erbil
Money and business Economy News – Baghdad Today, Wednesday, a member of the Parliamentary Finance Committee, Jamal Cougar, called for passing the budget law with the agreement of “all” political parties.
Cougar said, "The delay in approving the draft budget law, due to Baghdad's retraction from its agreements with the regional government regarding the paragraphs related to Kurdistan within the budget law, due to its silence until this moment on the amendments that the region's paragraphs obtained within the budget, and what is happening is outside its will and control."
Cougar added, in an interview with "Shafaq News" agency, followed by "Al-Iqtisad News", that "the budget law can only be enacted after reaching a new agreement between Baghdad and Erbil regarding the region's share in the budget."
He went on to say: "We are not with passing the budget according to a policy of arm-twisting and disagreements, because this may have repercussions on political stability. We are with passing the law with the agreement of all political parties."
Views 129 Added 05/31/2023 - https://economy-news.net/content.php?id=34502
A Government Advisor Reveals The Volume Of Gold Flowing Into Iraq Annually
Money and business Economy News – Baghdad Today, Wednesday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, announced the volume of gold accumulated by the public and the gold flowing into Iraq annually, while noting that monetary gold is managed within the sovereign investment portfolio.
Saleh said, "The development of the positive economic conditions in the country after 2003, and the flow of oil revenues and other resources over the last twenty years, led to a change in the gold wealth equations and the demand for it on a large scale again," stressing that "the monetary authority today retains more than 132 tons of monetary gold.
Saleh confirmed, in an interview with the official news agency, that "keeping monetary gold is an important possession that represents an aspect of monetary policy measures and its optimal management of the investment portfolio from the country's foreign reserves."
He added, "International guiding evidence and regulations, especially those approved by multilateral international financial institutions, indicate that monetary gold reserves are between 7-10 percent of total foreign reserves, and monetary gold is managed within the sovereign investment portfolio," noting that "this percentage It comes because it is devoid of returns compared to foreign currencies and investing in them with international financial instruments.
Regarding the flow of gold and worked gold into the country, Saleh stated, "Initial estimates indicate that there is an annual average flow of gold and worked gold into the country, especially of the desired high karat, at least 50 tons per year."
And he continued by saying: “What means the existence of a wealth of gold stored by families or the public with the accumulated historical gold that can be estimated between 1200-1500 tons of gold and perhaps more, which is equivalent to at least ten times the official monetary gold.”
He pointed out, "The market value of one ton of gold (of 24 karat) today in the global gold markets exceeds $6 million." Views 113 05/31/2023 - https://economy-news.net/content.php?id=34501
The Central Bank Of / NINA /: Issuing A New Denomination For The National Currency Is Not On Our Agenda At Present
Wednesday 31 May 2023 16:40 | Economical Number of readings: 147 Baghdad / NINA / - The Central Bank of Iraq settled the controversy regarding the possibility of issuing a new category of the national currency and pumping it for circulation in the local market.
The Governor of the Central Bank, Ali Al-Alaq, said in a statement to the National Iraqi News Agency / NINA /: "We are not with the issuance of a new monetary category for the Iraqi national currency currently in circulation."
He explained: "The issuance of cash currency for the category of twenty thousand dinars, is not in the agenda of the Central Bank of Iraq now." He added: "Any rate outside the established official exchange rate is for the purposes of speculation or carrying out illegal actions in local transactions," indicating: "The beneficiary who is looking for a higher exchange rate and has the opportunity to buy at the official rate is looking for a higher price on the black market, This is evidence of legal forms in the transactions that he intends to carry out.”/ End 5
On the developments of the dollar exchange rate mechanism in the local market, Al-Alaq stressed: "The Central Bank is currently implementing all purchase requests from the dollar for all categories of citizens." https://ninanews.com/Website/News/Details?Key=1056919
A Memorandum Of Understanding To Develop A Series Of Projects In Various Fields In Iraq
Wednesday 31 May 2023 11:05 | Economical Number of readings: 337
Baghdad / NINA /- Kamal Al-Gharibi, Chairman of the "GKSD" Holding Group for Investment, announced the allocation of 4 billion dollars for reconstruction and investment in Iraq.
Alessandra Ricci, CEO of the Italian Export Credit Agency "Sashi" and Kamal Al-Gharibi, Chairman of the "GKSD" Investment Holding Group, signed a memorandum of understanding to develop a series of projects in various fields, including health, energy and agriculture in Iraq, with a total cost of $4 billion.
The memorandum of understanding signed in Rome between Ricci and Gharibi reflects the great confidence in the GKSD Investment Holding Group as the world leader in planning, developing and managing medical projects, ranging from construction and acquisitions, to scientific medicine, energy saving, education and other projects.
The memorandum was signed by Kamal Al-Gharibi to be the first man in the Arab region to open the door strongly for reconstruction and investment in Iraq and to encourage Italian trade and investors to go to Iraq, with the guarantee of the Italian Export Credit Agency "Sashi".
Alessandra Ricci, CEO of Saachi Agency, said: “This signing represents an important step towards a partnership that, we are sure, will provide long-term opportunities and development for both Italian companies and Iraq, with tangible benefits for Iraqi infrastructure. The foundations for the consolidation of trade between the two countries will allow Italian companies.
” existing in Iraq, to participate in the implementation of important projects with a strong social impact in the fields of infrastructure and energy, while achieving sustainable growth for Italian companies in the world.
While Kamal Al-Gharibi, Chairman of the “GKSD Holding Group” and Chairman of the European Council of Companies for Africa and the Middle East, confirmed that “Iraq went through long periods of crises and insecurity, it emerged from it thanks to a strong government led by Eng. Al-
Gharibi Saeed added that working in Iraq is the land of history, steadfastness and creativity, and we will move forward in achieving and implementing health and logistical projects in various fields in Iraq in cooperation with the agency "Sashi" and Italian banks, so that Iraq will witness an unprecedented boom in various fields of During Italian-Iraqi cooperation as well as the Middle East region,
Al-Gharibi called on Arab companies to unite and invest in Iraq, and also called on Egyptian companies and investors to contribute to the reconstruction and investment in Iraq so that a strong, secure and stable country would return. / https://ninanews.com/Website/News/Details?key=1056846
Low Oil Prices, Brent Records 73 Dollars A Barrel
Economy Wednesday, May 31, 2023 Follow-up / National News Center Oil prices extended losses early on Wednesday, as fears of slowing demand from China, the world's largest oil importer, were offset by weaker-than-expected economic data.
Brent crude futures for August delivery fell 19 cents to $73.35 a barrel by 04:41 GMT, while US West Texas Intermediate crude fell 18 cents to $69.30 a barrel. Both benchmarks fell more than 4% on Tuesday.
Manufacturing activity in China contracted faster than expected in May due to weaker demand, with the official manufacturing Purchasing Managers' Index (PMI) falling to 48.8 from 49.2 in April.
In the US, trader sentiment improved slightly after President Joe Biden and House Speaker Kevin McCarthy brokered a $31.4 trillion US debt ceiling hike and fresh spending cuts.
The debt repayment deadline roughly coincides with the June 4 meeting of the Organization of the Petroleum Exporting Countries (OPEC+) and allies including Russia, traders were unsure whether the group would deepen production cuts as the slump in prices weighed on the market.
To read more current and reliable Iraqi news please visit BondLady’s Corner:
The Inevitable Death of Fiat Currencies-Rafi Farber
Rafi Farber: The Inevitable Death of Fiat Currencies
Palisades Gold Radio: 5-31-2023
Farber discussed the possibility of flooding the market with $1 trillion worth of T-bills if a deal is passed, and the potential effects of this.
He noted that similar factors were in play during the repocalypse of 2019, such as tax day and quantitative tightening, and that this current situation is worse.
Farber discussed the complexity of the current banking crisis, which is the fifth largest monthly loss for the big banks in deposits ever. He believes that this is due to a combination of deposits going into money market funds, and small scale debt defaults.
He also discussed the IMF's worries about the banking crisis becoming worse, and how the main difference between the 2008 banking crisis and the current one is that the Federal Reserve now owns mortgage backed securities.
Rafi Farber: The Inevitable Death of Fiat Currencies
Palisades Gold Radio: 5-31-2023
Farber discussed the possibility of flooding the market with $1 trillion worth of T-bills if a deal is passed, and the potential effects of this.
He noted that similar factors were in play during the repocalypse of 2019, such as tax day and quantitative tightening, and that this current situation is worse.
Farber discussed the complexity of the current banking crisis, which is the fifth largest monthly loss for the big banks in deposits ever. He believes that this is due to a combination of deposits going into money market funds, and small scale debt defaults.
He also discussed the IMF's worries about the banking crisis becoming worse, and how the main difference between the 2008 banking crisis and the current one is that the Federal Reserve now owns mortgage backed securities.
When asked where he saw inflation heading, Farber explained that the paradox of monetary and non-monetary forces on prices is that lower interest rates will initially drive prices down, but eventually the higher money supply will catch up and cancel out any productivity gains in the supply.
This will lead to an exponential growth of money supply that will eventually be unsustainable, leading to the collapse of the banking system.
Farber also discussed the weakening of global currencies, using the British pound as an example. He argued that the UK government's decision to directly finance the government deficit and hand out 70% of paychecks to citizens was "hog wild" and is now leading to a hyperinflationary spiral with food prices at 20%.
He then discussed the 10-year bond being at crisis levels, as the Bank of England now owns the bonds instead of retirement funds. Farber concluded by discussing the importance of paying attention to the current state of the U.S. dollar and other currencies, and the implications this has for the future of the global economy.
He argued that the only way to move beyond the skeletal remains of the Bretton Woods system is to trade in gold, but that governments don't want to do this because it's honest and they benefit from stealing.
He encouraged people to stay grounded in logic and not overextend themselves, reassuring them that if they do, they will make it to the end of this game.
Time Stamp References:
0:00 - Introduction
0:40 - Ceiling Consequences
5:18 - Liquidity Issues
8:06 - REPOcalypse Thoughts
10:23 - Feds Balance Sheet
11:53 - Banking Deposits?
16:13 - Mortgage Securities
19:12 - Inflation Cycles
22:12 - British Pound
25:49 - Inflation & Metrics
28:20 - The Gold Benchmark
33:40 - BRICS & The Dollar
37:04 - Metal Delivery Months
39:50 - Gold/Silver Ratio
42:24 - Communication Speed
43:54 - Wrap Up
Talking Points From This Episode
- Defaults and deposit problems in the current banking crisis.
- Concerns with the Fed now owning mortgage backed securities.
- Governments don't want to trade in gold because it's honest and they benefit from stealing, so it's important to stay grounded in logic and not overextend oneself.
More News, Rumors and Opinions Wednesdday Afternoon 5-31-2023
TNT:
Tishwash: The Iraqi Central Bank: The dinar is our national currency, and there is no need to deal in dollars
The Central Bank of Iraq confirmed, on Wednesday, that the dinar is the Iraqi national currency, and there is no need to deal in dollars.
This was stated by the Deputy Director General of the Investments Department at the Central Bank of Iraq, Muhammad Yunis, according to the official Iraqi News Agency.
Yunus said, "Small merchants who are not entitled to enter the platform are the ones who buy the dollar and deal at the parallel price and press and form a demand for it. As for the rest of the commercial companies, they enter the platform and conduct their transfers normally and at the official price."
TNT:
Tishwash: The Iraqi Central Bank: The dinar is our national currency, and there is no need to deal in dollars
The Central Bank of Iraq confirmed, on Wednesday, that the dinar is the Iraqi national currency, and there is no need to deal in dollars.
This was stated by the Deputy Director General of the Investments Department at the Central Bank of Iraq, Muhammad Yunis, according to the official Iraqi News Agency.
Yunus said, "Small merchants who are not entitled to enter the platform are the ones who buy the dollar and deal at the parallel price and press and form a demand for it. As for the rest of the commercial companies, they enter the platform and conduct their transfers normally and at the official price."
He continued, "The members of the Iraqi Dinar Support Committee are communicating with the security services to implement the instructions of the Council of Ministers and the Central Bank to support the dinar, stabilize the exchange rate, and prevent informal dealings because there is no need to deal in dollars in Iraq."
He emphasized that "those speculating in dollars are violating the law, and dealing with them is done through the Iraqi judiciary." link
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Tishwash: Industry: We started the electronic payment system in all the formations of the ministry
The Ministry of Industry and Minerals said that it has started implementing the electronic collection system in all its formations.
The Ministry of Industry said that the electronic collection system has been activated in all its formations through the implementation of the electronic payment mechanism (POS).
According to a statement by the industry, which was seen by "Ultra Iraq", the ministry "activated electronic payment to facilitate procedures and raise the level of services provided, and for this reason the electronic collection system was activated in all formations affiliated with the ministry through the implementation of the electronic payment mechanism (POS) in collecting funds, especially fees." Regarding the services provided by the General Directorate of Industrial Development and the Trademarks Department to industrialists, owners of factories and companies, and to all cards approved by the Central Bank of Iraq (Master Card and Visa).
This came "in order to switch to electronic transactions, collect funds through modern electronic systems, facilitate procedures and provide the best services."
On early May, he announced the experimental launch of electronic collection in the first education schools of Karkh, Rusafa, and taxes.
Earlier, the Minister of Finance, Taif Sami, directed all the ministry's banks to provide all the necessary facilities for approving POS electronic sales devices in state institutions and the private sector.
The ministry said that granting the devices "is free of charge, at zero percent interest, for a period of 6 months, in addition to providing technical and logistical support and various software supporting the project, as well as training cadres working in this field."
The facilitation package - for the ministry - comes within the framework of the Finance's vision of "acquiring POS electronic payment devices instead of cash and generalizing the experiment to include various economic sectors at the level of Iraq, which it is hoped will start starting from the date of June 1, 2023." link
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Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: They're telling us today that Thursday they will activate all electronic payments, all POS devices in all government and private sectors... FRANK: ...That's the 1st of June...I don't know what to say except this is very interesting. June 1st.
Goldilocks We currently do not have a rate change in Iraq, but we are getting closer. Let's take a good look at where we are. Iraq is currently moving into electronic mechanisms design to fulfilled trades on both sides of a transaction...These mechanisms are internationally approved and internationally based. Iraq has built up their foreign currency reserves to stabilize their economy. They have issued new VISA and MasterCard credit to their people allowing local and International payments. They have a new working currency reform system. They have adopted their own National Currency, and it is now the preferred currency. * And, they have recently increased their gold reserves by over 2% stating that this is "just the beginning." ...did you know that gold and currencies are co-related? Holding gold strengthens relationship values between countries. It is one way to raise the value of a country's currency.
Ask Yourself This... WHY ARE CENTRAL BANKS BUYING GOLD AT A RECORD PACE?
Greg Mannarino: 4-31-2023
Massive Physical SILVER/GOLD Withdraws Off Exchanges | Andy Schectman
Liberty and Finance: 5-31-2023
Andy Schectman argues that gold and silver prices are being manipulated* down so that the big money can accumulate on the cheap.
Large investors are taking delivery of physical gold and silver off major exchanges.
"The biggest money in the world are showing us what they are doing," says Schectman, "They're always miles ahead of the public."
MarkZ and Andy Schectman Wednesday Morning Chat 5-31-2023
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Wednesday 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: Unleash the Potential of a Remarkable Day: Start with a Good Morning!
Member: Today is our Day!!! I love to be right. I figure if I say every day that today is our day, one day I will be right! Good morning all!!
Member: Will today be the day the start gun fires and our RV is set in perpetual motion?
Member: Today is Wed. Will Iraq pass the budget today?
Member: Going to vote or kick the can .., lets see what they do
Member: Mark, Are you Optimistic about this weeks events?
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Wednesday 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: Unleash the Potential of a Remarkable Day: Start with a Good Morning!
Member: Today is our Day!!! I love to be right. I figure if I say every day that today is our day, one day I will be right! Good morning all!!
Member: Will today be the day the start gun fires and our RV is set in perpetual motion?
Member: Today is Wed. Will Iraq pass the budget today?
Member: Going to vote or kick the can .., lets see what they do
Member: Mark, Are you Optimistic about this weeks events?
MZ:I am very optimistic about this week.
MZ: Let’s talk about Iraq: “ World bank confirms Iraq needs $21 Billion investment in transport sector” Iraq does not need money – what they is to invest in their infrastructure.
MZ: “Iraq announces plans for $17 billion transportation project linking Asia to Europe” Iraq is becoming a crossroads for the world. A crossroads between the east and the west. This makes them very important.
Member: And Iraq has all the huge agreements they have to fulfill!
Member: Are they still trying to delay the budget?
MZ: I don’t think it is delayed. I think it is all smoke. Remember what they did in Kuwait. They ran articles that same morning that there was unexpected delays and no RV for 6-9 months….then they let it go that same day.
MZ: I am told it was a very late night in Reno last night. I am still hearing as of late last night that they still have great expectations for late tonight into tomorrow morning. They are trying to squeeze it through by the skin of their teeth.
MZ: I am hopeful we are finally going to see it and its not just another “pump and dump” .
MZ: No news from CMKX, PP’s, ect….and Mr. C has not been paid. But Sheila and I are very much looking for things to happen this week. (Sheila is a CMKX.currency contact)
MZ: “Iraq and Russia sign maritime transport agreement” this is more about Iraq becoming a crossroads for the region…..
MZ: In order for them to be this crossroads- they have to be on the international stage with an international currency.
MZ: Now in Vietnam news: “ Vietnam is among world’s earliest in banking digital transformation forum” More than 30% of the population use banking aps. They also need to revalue as their currency is very undervalued. We expect to see a major change in ther valuation.
MZ: “Iran’s Central bank Governor visits Washington for meetings with IMF officials” Iran is doing well which gives me hope for the possibility that they will be in the first basket now instead of the second…..
Member: What is supposed to be in the first basket?
Member: We expect 1. US 2. UK 3. Kuwait 4. Canada 5. Mexico 6. Russia 7. China 8. Venezuela 9. Iranian Rial (possibly) 10. IRAQ 11. Indonesia Rupiah 12. Malaysia 13. Vietnamese 14. Brazil 15. Saudi Arabia 16. Qatar 17. United Arab Emirates 18. Turkey 19. Afghanistan possibly 20. India 21. Libya 22. Japan23. Zimbabwe
Member: I wonder what the Venezuelan blivar rate is going to be??
Member: Venezuela has between 10 and 23% of the world's reserves of the main minerals such as copper, iron, bauxite, coal, nickel, gold, diamond, zinc, and titanium. I would not worry about the valuation.
Member: I believe that Bolivars will be second to Dinars !
Member: Mark, if the Iraqi budget is approved with a rate in it, does that trigger the Gold Treaty and movement in the whole 1st basket? Trying to figure out the triggering mechanism.
Member: We all hope that is true.
Member: it's being widely spread we're at 4 to 1 on the dinar.
Member: Everyone is kind of on the same page as far as intel goes right now very exciting times
Member: FDIC report today at 10:30. Let's see how truthful the are
Member: Mark have you seen all the numbers of new millionaires being posted on the US Debt Clock
Member: Judy posted that a real estate agent didn’t know where all the millionaires are coming from that are buying multi million dollar homes???
MZ: Its not because we have RV’d and others got money before us. Its because over the last few weeks over $30 Billion in withdrawals from the US banking system…..Its because the wealthy people are no longer comfortable leaving money in banks and are investing in Real estate. So when you look at these large properties being snapped up- its people who are already wealthy putting their money in real estate instead of the banks.
Member: Wish it was us….sigh.
MZ: They may be the first to sell these properties at a discount when things get bad. And that is when we should have dollars.
Member: After all these years of waiting, it's hard to believe that it could be this close..
Member: Astrology wise; June is off the charts! And in our favor for new beginnings, abundance and wrongs being righted
Member: Dear God let this be our day!
Member: Tomorrow is June 1st……lots supposed to happen tomorrow……really looking forward to big things happening.
Member: See everyone tonight.
Andy Schectman from Miles Franklin joins the stream at about 30:00. Please listen to the replay for his opinions and information.
INFO IN THIS PODCAST IS FOR GENERAL INFORMATION & EDUCATIONAL PURPOSES ONLY NOT INTENDED TO PROVIDE ANY PROFESSIONAL, MEDICAL &/OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED AS OPINION ONLY
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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!
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 may 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
MZ: Farm Claims are what started the whole Nesara movement. So if you want a bit of History …please watch this one. https://www.youtube.com/watch?v=sAL0exvL45Y
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.
Goldilocks " THE GREAT TRANSITION OF WEALTH IS HERE." 5-31-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted some news links with comments this morning:
We are about a month away from the Libor lending transition into SOFR lending services.
Companies are rushing to meet this deadline to keep from receiving lower position rates in the new Financial System collateralized by Treasury Securities.
At this time, we are expecting Stablecoin regulations to be complete as well on the QFS.
Many assets will begin to go live from this moment on under a standardized asset backing. Hence, we get the name Gold Standard.
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted some news links with comments this morning:
We are about a month away from the Libor lending transition into SOFR lending services.
Companies are rushing to meet this deadline to keep from receiving lower position rates in the new Financial System collateralized by Treasury Securities.
At this time, we are expecting Stablecoin regulations to be complete as well on the QFS.
Many assets will begin to go live from this moment on under a standardized asset backing. Hence, we get the name Gold Standard.
Some companies will struggle to meet these deadlines, and they will rise on the other side of this transition.
Investors are already positioning themselves with put and call trades that will take advantage of this transition.
The old financial system will be drained away in June and rise from the ashes in July.
THE GREAT TRANSITION OF WEALTH IS HERE.
© Goldilocks
https://www.ft.com/content/564a9c11-ffaf-484d-9176-20f5b962ee11
https://www.benzinga.com/markets/options/23/05/32628649/check-out-what-whales-are-doing-with-cpri
~~~~~~~~~~
The dollar is expected to weaken as one more FED rate height is expected.
This is not a good combination for the markets as it will send mixed signals.
The leveling playing field for the dollar is approaching.
~~~~~~~~~~
Goldilocks' Telegram Room
https://t.me/+YU9UrHLxFbszOTJh
Goldilocks on the Seeds of Wisdom Team Website
https://www.seedsofwisdomteam.com/
Thank you Dinar Recaps
