7 Harsh Realities of Being a Millionaire

7 Harsh Realities of Being a Millionaire

Valencia Higuera   Tue, July 27

You can probably think of a million things to do with $1 million -- buy your dream home, take a trip around the world or shop till you drop. But while riches can eliminate some of your day-to-day financial worries, there’s a downside to wealth as well.

Whether it’s money, career or family, the super-rich have their own set of problems. And as Bryan Clayton, millionaire and CEO of Uber-for-lawncare company GreenPal says, anyone who wants riches should be careful what they wish for. Sometimes, you’ll deal with entirely new issues through no fault of your own.

Being a millionaire isn't all it's cracked up to be. While money might improve quality of life, it doesn't bring happiness -- nor does it erase people's problems.

Whether you think you might become a millionaire or just want to know how the 1 percent lives, check out the harsh realities of the luxury lifestyle.

You Might Be at a Greater Risk for Lawsuits

You don't need to be rich to be sued by someone, but your odds of getting hit with lawsuits can increase once you become a millionaire. If it’s known that you’re wealthy, some vindictive people might use any opportunity to get a piece of the pie -- even if it means filing baseless, frivolous lawsuits against you.

Clayton understands this reality firsthand. He came from a blue-collar, working-class background and started his first company at the age of 18.

“The one thing that really surprised me was with wealth comes lawsuits," he said. "It was just amazing to me that because I had wealth and a prominent business that I was a magnet for lawsuits of all kinds. It's [not fun] for a stranger to pop out of the bushes and say you have been served.”

One of the perks of being a millionaire is that you can probably afford an attorney to fight frivolous -- as well as legitimate -- lawsuits against you. Even if you’re an honest person, wealth makes you an easy target. Therefore, you should establish a relationship with an attorney to protect your assets.

You Can’t Always Trust the People You Hire

Whether you're a hard worker running an empire, or you came into wealth through an inheritance or other windfall, you might hire a team to help manage your money. It makes sense to have a financial advisor, accountant or money manager by your side. But sometimes, the people you trust can be anything but trustworthy.

Chantay Bridges, a speaker, writer and realtor in Los Angeles, warns that if you hire a crook, you can be held responsible for his actions.

“You bring on teams of people from all walks of life, yet sometimes a bad apple slips through the cracks," she said. "They are up to no good, [and] depending on their role in your organization, it can make it look like you were an accomplice to their evil deeds."

To continue reading, please go to the original article here:

https://www.yahoo.com/finance/news/7-harsh-realities-being-millionaire-120024080.html

News, Rumors and Opinions Saturday Aternoon 7-31-2021

KTFA:

Samson:  Oil prices rise with growing demand

31st July, 2021
Yesterday, oil prices rose with demand growing faster than supply.

Brent crude futures for September delivery, which expired, jumped 28 cents, or 0.4 percent, to set the settlement price at $76.33 a barrel.

The October contract closed up 31 cents at $75.41 a barrel.

US West Texas Intermediate crude contracts also increased 33 cents, or 0.5 percent, to close the session at $73.95 a barrel.   LINk

Fleming Saturday RV Report

Our military intel contact said he needs to avoid all details for security but he can confirm Mr Fleming’s sources confirming that the shotgun money flows have been moving at all levels the past 24 hours, there is a huge amount of activity happening globally today Sat 31 July, and he said keep watching for notifications that are imminent. He said Keep all in prayer. This really is it and soon we will all be celebrating quietly under NDAs.

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

Courtesy of Dinar Guru

Breitling   Speculation - that's what we're doing here.  This isn't a religion...It's speculation.  There's no one who believes in this more than me but it's still speculation.  I believe it's coming down the road.  Where does my confidence come from?  Is it good ole fashioned positive thinking?  NO!  I'm not one of those types of people who does that.  I don't lie to myself for the sake of being positive.  I'm a realist.  I watch what Iraq is doing...I watch their government.  I listen very carefully who have authority to add value to the Iraqi dinar and what their intent is.  And these guys can't wait to do it.

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

NESARA / GESARA Major news Could this finally be it

Jul 31, 2021

https://www.youtube.com/watch?v=TsDUmaIXF9o

Keiser Report | Entropic Afterburn, Fifty Years of Fiat | Ep1730

Jul 31, 2021

In this episode of Keiser Report, Max and Stacy look at the data showing ‘no resistance’ to price increases as money printing and stimulus checks encourage Americans to pay whatever the price is without negotiation.

In the second half, Max and Stacy chat to author, James Howard Kunstler of Kunstler.com, about his time as a news reporter on the day that Nixon shut the gold window in 1971.

https://www.youtube.com/watch?v=aDpitwmL4sw

Weekend Update With MarkZ Saturday 7-31-2021

Weekend Update with MarkZ 7/31/2021

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:  Hoping for some great news!

Member: Sure hope it’s our last day to be poor!

MZ:  Redemption centers have not been called in this weekend. They are expection to be in early on Monday.

MZ: What I have been getting…even from a number of you guys in emails ….a number of folks who have put in their historic bonds for aggregation or with dealers are getting notifications to expect full funding on Tuesday morning.

MZ: I still have some who are expecting funding later on Monday on bonds

MZ: No updates on CMKX yet….There was a brief history of Mr. Mayeau and CMKX  yesterday and while not totally correct it was pretty right on. I thought it was a pretty solid piece. Link

Member:  Hope this still puts everything on track for Monday…

MZ: Definitely hoping we are on track…Based on the number of bond people today and yesterday who were told to expect full funding on Tuesday…we look to be on track for early in the week. We need to see real spendable money before we get to excited.

MZ: Looks like we are going to have a very busy week.

Member:  Called my bank yesterday because I couldn’t get on our online banking. The teller told me they are changing to IBS. What is that?

Member: I looked it up on google…Integrated Banking System maybe? … Seamlessly manage banking activity across all channels (from mobile to ATM, to branch), and deliver the capabilities and experiences today’s banking customers (retail and business) demand.

Member:  vietnam tariffs and currency manipulation status changed anyone else see THAT

Member:   QUESTION: WHAT HAPPENS TO PEOPLE RECEIVING SSI AND SSD ON THE QSF SYSTEM???

MZ: I am told they will have a considerable increase.

Member: Do we need 2 forms of ID to exchange?

MZ: I am told you will need the same things you would need in order to open a bank account where ever you are residing. …..Find out what you need to take to your bank in order to open a bank account….i am told that is what you will need. If you are worried about what you need…..Call the banks and ask what ID’s you need to open a bank account.  If you have large amounts of currency……take your receipts.

Member:  the wait is PAINFUL

Member:  Look guys, the only way to play this is to have a plan and be ready to execute it like the RV will happen tomorrow, but live your life like it won't happen for years.

Mod: ENJOY YOUR WEEKEND GUYS! MANY BLESSINGS!

Mod:  HAVE A GOOD WEEKEND.. LET IT ROLL IN AND BE EXCITED.

Mod:  GUYS…PLEASE REMEMBER THAT MARK’S TIME IS VALUABLE! PLEASE HOLD OFF ON SENDING EMAILS, HE WOULD TRULY APPRECIATE IT! THANKS!

Listen to the replay for all the information….

The next scheduled stream is Monday 10AM est…..unless.

https://www.youtube.com/watch?v=5Ix_5ytIT_k

19 Principles That Will Help You Succeed in the “Real World”

19 Principles That Will Help You Succeed in the “Real World”

 by JJ

Okay, so here is a list of 19 principles that I have accumulated over the years. These are things that I wish someone would have shared with me when I was ready to graduate high school and enter the “real world.”

My hope is that you will skim through this list and find a few things that are useful or inspiring! I can’t say that I was ready to accept some of this “guidance” when I was 18 years old and that’s totally okay. In fact, as I read back over this post I can’t believe that I wrote it. It has a self help, motivational vibe that I was definitely not giving off in high school. But, a little over 10 years later (well closer to 15…) and I’m starting to buy into it.

So, if you find some of these points kind of hokey…just give it a few years

19 Principles That Will Help You Succeed in the “Real World”

1. Does it add value?

I think this is the single most important question you can ask yourself when you’re about to make a purchase, start a business or struggling to make any kind of decision.

The way each of us defines value is different. A university education might be valued by some and not by others. Saving up to travel might be more important to you than having a new car or the nicest clothes. When it comes to business, if your idea, content or product does not add value to other peoples lives then it is doomed to fail.

2. Practice, persistence and patience.

Good things come to those who wait….right?  Kind of. Success doesn’t happen over night. Instead it comes to those who practice their craft, those who stick to their goals and those who are in it for the long haul.

Researchers have studied the differences between those who are able, and those who are not able, to delay gratification early on in life (preschool age). Delayed gratification meaning you forgo a prize now so you can receive a bigger one later on.

The best example of this is the Stanford Marshmallow Experiment. In the 1960’s a couple of psychologists had young children participate in a study where they were brought into a room and sat directly in front of a treat (a marshmallow).

They were then told that they could eat the marshmallow OR they could wait 15 minutes (literally an eternity for a child) and they would receive TWO marshmallows.

Multiple follow up studies were done over a forty year time period. Results demonstrated that the preschool children who were able to wait for the bigger prize were more competent academically and better equipped to deal with things like frustration and stress at all stages in life (1) (2).

3. Reframe your problems.

To continue reading, please go to the original article here:

http://thefinancialgraduate.com/19-principles-that-will-help-you-succeed-in-the-real-world/

"Tidbits From TNT" Saturday 7-31-2021

TNT:

Tishwash:  Al-Kazemi directs the reopening of the Iraqi Museum

Prime Minister Mustafa Al-Kazemi directed, on Friday, the reopening of the Iraqi Museum.

Al-Kazemi said in a tweet to him via Twitter, which was followed by / Mawazine News /, that in conjunction with the return of 17,000 Iraqi artifacts with our delegation, which ended a successful visit to Washington yesterday, we directed the reopening of the Iraqi Museum to the public and researchers; 

To be a new beginning to draw inspiration from our ancient civilizational values ​​and our authentic national identity, and to educate our generations with the sciences, cultures and achievements this land has provided.    link

Tishwash:  Parliamentary Finance: The 2021 budget will be passed without a deficit.. Our situation is economically secure

Member of the Parliamentary Finance Committee Jamal Kougar said, on Saturday, July 31, 2021, that the financial budget for the current year will be passed safely and without a deficit in the event that .global oil prices continue above the level of seventy dollars per barrel

Cougar said in an interview with the media, which was followed by "The Obelisk", that the extent of the budget deficit directly depends on global oil prices, and the closer this figure is to what is established in the budget, the real deficit will be large and as it is proven speculative and reflected in a negative impact on the economic level, .indicating If prices rise to higher numbers, then this will reflect positively on the level of deficit

Cougar added that global oil prices as long as they continue as they are currently above the level of seventy dollars per barrel, Iraq will be in a safe economic situation, and the 2021 budget will be passed without any .deficit

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, had expected earlier that the federal general .budget for the fiscal year 2022 would be different from the current year's budget by two paragraphs

Mazhar Saleh said that the draft federal general budget for the year 2022, in my opinion, will differ slightly from the budget for the current year 2021 in two paragraphs. The (post-Coronavirus) stage, especially the high degrees of international economic openness, the flourishing of trade and investment exchanges between the countries of .the world, and the high overall growth rates in the global economy 

He added that there is a strong link between the escalation of economic growth in the world and the escalation of .demand for crude oil and the boom in energy markets and the rise in oil prices

He continued: As for the second paragraph, it is that the draft general budget for the next year will reduce the borrowing space at the lowest point, while the area of investment projects and their allocations will expand significantly and according to the priorities of development, which will lead to better growth and overall employment in the national economy, especially the high market contribution. In the movement of the economy due to the high level of certainty that will be available to market makers, explaining that this is due to the .market's dependence on the indicators of recovery in the government economy

And he added: In spite of the foregoing, the issue of submitting the draft federal budget to take its legislative path will remain the main concern and according to its constitutional timings, subject to the speedy formation of .Parliament after the elections of the tenth month. elected

He explained that, other than that, entering the year 2022, without legislating the general budget law, will make the public finance resort to the application of the effective financial management law, by disbursing 12/1 of the .actual ongoing expenditures in the 2021 budget without new investment projects    link

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

Tishwash:  Deputy: Iraq is able to absorb 6 million workers in the private sector

Representative of Saeroon Riyadh Al-Masoudi revealed, on Friday, Iraq's ability to absorb 6 million workers in the private sector.

Al-Masoudi told the official news agency, "The Iraqi constitution is clear in the Iraqi government's role in providing job opportunities. The constitution does not specify appointment, but job opportunities in the public and private sectors," noting that "the public sector is sufficient and has a large increase, and it is a losing and unproductive sector."

He added that "the government's role should be within the planning mechanism to provide job opportunities in the private sector with remunerative salaries and allowances equal to or better than the public sector, as is the case in the United States, Egypt, South Korea, Malaysia and Singapore, where workers in the private sector are more than workers." in the public sector."

He pointed out that "there are more than 4 and a half million Iraqis working in the private sector, as well as a million foreign workers, meaning the total is 5 and a half million workers in the private sector, although this sector is neutral due to the lack of support for the inputs and outputs of the private sector."

He explained that "the problem in Iraq is the absence of a law to guarantee employment in the private sector, which is applied in detail, and the absence of a census for workers in the private sector, and not encouraging investment in the private sector," noting: "If Iraq does not transform from the socialist system to the capitalist system, He will have real problems."

He pointed out that "the investment sector, such as the investment sector of banks, services, tourism or agriculture, these sectors are frozen and they attract hundreds of thousands of labor."

He stressed that "Iraq can accommodate 6 million workers in the private sector in various disciplines, from the level of reading and writing, primary, intermediate, middle, universities and postgraduate studies, so we have to open the disabled religious and environmental tourism."

And he indicated that "many of the vital sectors in Iraq are out of order, and if these sectors are invested, for example investing in the Oil and Refining Bank, and investing in the railways, public transport, ports, factories, petrochemicals, paper and foodstuffs, then Iraq will need 6 million to work in these sectors." sectors".

He continued, "The problem lies in the lack of a vision and strategy in the private sector, which needs clear legislation that guarantees service, bonus, promotions and retirement to work in the private sector."   link

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

Tishwash:  A parliamentarian calls on the government to activate "economic security" to control prices

Member of the Parliamentary Committee on Economy and Investment, Nada Shaker Jawdat, called today, Friday, for the government to activate economic security to control the markets, and curb the greedy in order to deliver a message to the citizen that the government defends his interest and stands in the face of the greedy.

Jawdat said in an interview with Alsumaria News, "The middle and poor classes began to suffer more day after day as a result of life's difficulties after the increase in the price of the dollar against the dinar," noting that "the citizen today suffers from a decrease in his monthly income by 25%, which has caused many to be unable to complete All the necessities of daily living in order to provide what can be saved to complete the month.

She added, "When the government decided to raise the price of the dollar against the dinar, it might have justifications and a certain vision as a result of mismanagement and the accumulated corruption of previous governments, which affected the Iraqi economy, but at the same time it should find remedies to not cause great harm to the citizen because of those decisions," stressing that "The vocabulary of the food basket or the ration card should be addressed, given that the poverty rate is on the rise, especially with the rise in the price of the dollar against the dinar.

She called on the government, "to activate economic security to control the markets and to ensure that the citizen's power is not exploited for personal benefits, as this measure will send a message to the citizen that the government is defending his interest and standing in the face of the greedy.  link

Mot:  .... heee heeee heeeee -----

Mot:  ... This Surely Will Make Your Day Better!! ~~~

https://www.youtube.com/watch?v=UctRZ91m9XA

The Market is Overdue for a Catastrophic Crash!

The Atlantis Report

The Market is Overdue for a Catastrophic Crash

Jul 30, 2021

Today the perfect storm is upon us. Debt is crashing this economy.

Devastation on a biblical proportion is before us, and virtually nobody sees it.

 They are going to QE trillions into buying stocks trying to hold a value up. We're looking at deflation just like what happened in 1929. Means prices are going to drop.

All the JP Morgan indicted brass has suddenly gotten sick and dropped out of sight. If one is too big to fail bank goes. They all go.

Investors withdrew $12.2 billion from U.S. funds that buy corporate bonds and loans, the biggest weekly total in at least a decade.

We are inside the reset, which has already begun.

 As long as the ten year stays below 1, the Market will implode. The Dollar will continue to be devalued all the way to the end of 2021 when the derivatives end

https://www.youtube.com/watch?v=aRsuRd5gdm8

Suze Orman’s Top 26 Tips That Will Save You From Financial Disaster

Suze Orman’s Top 26 Tips That Will Save You From Financial Disaster

Gabrielle Olya   Sat, July 31, 2021

Suze Orman was working as a waitress and making $400 a month at 29 years old. She then decided to take a chance on a major career change and landed a job as a broker for Merrill Lynch.

Having been on both ends of the financial spectrum, Orman knows what it takes to make the leap from broke to wealthy, and is now one of the most respected voices in personal finance -- as well as a New York Times bestselling author with more than 25 million books in circulation. According to Celebrity Net Worth, she is worth some $75 million, indicating that she’s followed her own financial advice for saving, investing and preparing for retirement.

As any self-made millionaire will tell you, going from rags to riches takes hard work. It also calls for tons of tried and true personal finance strategies to maintain and build financial success.

Live Within Your Needs but Below Your Means

Living within your needs but below your means is the golden rule of the Suze Orman budget. Although food and shelter are needs, you might be spending too much on these essentials.

"How much you choose to spend on your basic needs is a squishy number dependent on the choices you make," Orman wrote in a blog post on her website. "For example, a mortgage lender may tell you that you will qualify for a $250,000 mortgage. But if you can find a great home that meets your family’s needs and it costs $195,000 you will save a lot of money that can be used for other important goals. The $195,000 home fits your needs."

Don't Lease a Car — Buy Instead

"Leasing is a horrible financial move," Orman wrote in a blog post. "It is the auto industry’s way to get you to buy a car you can’t really afford. (...) The big problem is that when you lease there’s the temptation to keep leasing forever. So every three years — the standard lease length — you turn in your car and lease another. That means you are signing on for never-ending monthly car payments."

Orman explained that buying is better because once you pay off your loan, you have that extra monthly payment to build your emergency fund, contribute to a retirement account, save for a home down payment or meet another financial goal.

Stop Paying Extra for Minor Conveniences

The difference in the cost of paying for food delivery instead of cooking or hopping in an Uber instead of taking the bus might seem small, but the expense of always taking the convenient option will add up over time.

To continue reading, please go to the original article here:

https://www.yahoo.com/finance/news/suze-orman-top-26-tips-120054435.html

Holly, Pimpy and more Late Friday PM/ Early Saturday AM

Holly Friday Evening Update

What I have heard today is things are in fact underway and moving.

Everyone is hush hush and they want it kept this way.

It will move throughout the weekend and should get to us this coming week. They are moving slowly till the cascade hits.

Holly

Courtesy of Dinar Guru

Pimpy  Article:  from Forbes "Saudi Arabia Retains Lead as Largest Arab Economy in 2021".   Congrats to Iraq! (information from article) They are 4th in the economy amongst the Arab nations and climbing...this means the economy is rebounding.  This is what we want.  This is good...I love it.  It's looking good.  I feel really good about where the future is especially with the dinar.

Frank26  The economic reform is exploding in Iraq because of the monetary reform that has been put in a prime position to be launched...They're leaving their borders to raise the value for their currency.  Everything that Kazemi and the CBI are doing is for the reforms.  Everything.  And these meetings that were occurring in Iraq for many months and now have apexed in Washington D.C. this is the perfect eye for the perfect storm...

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

KTFA:

Don961:  International Monetary expects to play a crucial role in the transformation of digital currencies

 12:14 – 30/07/2021  Follow - Mawazine News

A document released by the International Monetary Fund says it will need to bolster its resources as it seeks to "monitor, advise and help manage the large-scale and complex transition" toward digital currency.

The document stated that “digital currencies are able to facilitate and accelerate payments and reduce their costs, but this requires that policy makers address major challenges, as digital cash should be reliable, and domestic economic and financial stability must be protected, and the stability of the international monetary system.”

She added, "The IMF has a crucial role in helping its members benefit from the benefits of digital money and manage its risks."

And she continued: "Digital money should be subject to regulatory oversight, and its structure and the way it is available should allow countries to continue to control monetary policy, financial conditions and foreign exchange systems."

The document does not focus on cryptocurrencies such as Bitcoin, nor does it take a position on which type of digital currency might eventually dominate.

The document dated last March, which was discussed by the Fund's Board of Directors in April, includes a vision for the development of the Fund and its efforts to cooperate with other institutions such as central banks, regulators and the World Bank.    LINK

Iraqi Dinar update for 07/30/21

Pimpy’s Investment Chat

https://www.youtube.com/watch?v=bSh7hKHefko

More Iraqi News Friday PM 7-30-21

More Iraqi News Friday PM 7-30-21

TLM724 Administrator BondLady’s Corner

The Increase In The Wealth Of The Iraqi Individual..And This Is His Share Of The GDP

economy  Iraqi per capita income   2021-07-27 23:21   Shafaq News/ The Swiss Credit Suisse Bank revealed, on Wednesday, that the size of the Iraqi individual's wealth amounted to more than 14 thousand dollars until 2020, and his share of the domestic product amounted to more than 8 thousand dollars.

According to the Global Wealth Report for the year 2021 issued by the Swiss Bank Credit Suisse and seen by Shafak News Agency, "the wealth of the Iraqi individual rose from 2,808 thousand dollars in 2000 to 14,506 thousand dollars in 2020, that is, it jumped by 416.6 percent during two decades,

while it reached The total wealth in Iraq is 308 billion dollars, which constituted 0.07 percent of the total wealth in the world in 2020, and the per capita GDP reached 8,204 thousand dollars.

According to the Credit Suisse report, "Switzerland was ranked as the richest country in the world in terms of average wealth per capita of nearly $674,000, and the United States came in second place, with an average per capita wealth of $505.42 thousand."

Hong Kong ranked third in the list, with a wealth of 503.34 thousand dollars for each person, Australia came fourth with an average of 483,760 thousand dollars, while the Netherlands came in fifth place with an average wealth per capita of 377.09 thousand dollars per person, Denmark came sixth with an average of 376 thousand dollars, and Belgium came seventh An average of $351,000.

In the Arab world, Qatar came first in terms of average wealth per capita, with an average of 146.73 thousand dollars, followed by the UAE with an average of 115,476 thousand dollars per person, and Bahrain ranked third with 87,559 thousand dollars per person.

The Credit Suisse report measures average individual wealth based on per capita GDP, stock market indices, stock and asset prices, the exchange rate, and real estate prices.   LINK

The United Nations Pays $600 Million To A Kuwaiti Oil Company In Compensation For The Invasion Of Iraq

2021.07.27 - 17:10  Baghdad – people  A United Nations committee paid $600 million to the Kuwait National Oil Company, today, Tuesday, in compensation for Iraq's invasion and occupation of Kuwait three decades ago.

The United Nations Compensation Commission said it has paid governments and international organizations so far $51.3 billion since the approval of 1.5 million claims related to Iraq's invasion of Kuwait.

KPC succeeded in claiming $14.7 billion in oil production and sales losses resulting from damage to the country's oil fields during the 1990-1991 invasion and occupation that led to the US-led "Gulf War".

The company is the only remaining claimant, and expects to receive another $1.1 billion.

Under the UN Security Council resolution issued in 1991, Iraq allocated a percentage of its oil export revenues to the Compensation Fund, and the committee indicated that this share is currently set at 3%.

At the current payment rate, the last installment is expected to be paid within a year.   "RT+AP"

https://nasnews.com/view.php?cat=66058

Al-Qaim Idps Prefer To Invest In The Kurdistan Region

community  Investments  IDPs in Kurdistan   2021-07-30 11:07   Shafaq News/ The mayor of al-Qaim border district with Syria in western Anbar province, Ahmad Jadian confirmed today, Friday, that a number of displaced merchants invested their money in Kurdistan Region instead of investing in the judiciary as a result of the security that the region enjoys.

Jidian told Shafaq News Agency, "There are many families who preferred to stay in the governorates of Kurdistan Region and the rest of Iraq's cities for many reasons, including providing job opportunities, and fear of mutual targeting between the international coalition forces and the factions near the (Iraqi - Syrian) borders."

He added, "There are those who have bought and settled housing homes in the Kurdistan Region, in addition to the great development enjoyed by the provinces of the region, which they have not witnessed in Al-Qaim, and this is one of the main reasons that prompted families to stay in Kurdistan."

Jadian indicated, "The majority of the families that have not returned to Al-Qaim so far are employees in different sectors of government departments, especially educational cadres, as there are 812 educational cadres (teachers and teachers) who are still in Kurdistan, especially the governorates of Erbil and Sulaymaniyah,

and they have been appointed in the Education Representation in the region, and this has greatly affected the education sector in Al-Qaim.”

And he continued, "Their salaries are received and spent in Kurdistan, while if they were in Al-Qaim, it would have helped activate something of the educational and economic movement."

Gadian added, saying: That "the majority of capital owners and major merchants are from the sons of Al-Qaim, until this moment they have not returned to the judiciary, and as is rumored in Al-Qaim (cowardly capitals), they prefer to invest in the region instead of the Qaim, and the province's districts for fear of loss." https://shafaq.com/ar/مجتـمع/نازحو-القا-م-يفضلون-الاستثمار-في-قليم-كوردستان

The Owners Of Local Factories Are Closing The Doors... An Influential Class Of Importers Is Flooding The Market With Importers

2021/07/26 10:20    The number of readings 313    Section: File and Analysis

Baghdad / Obelisk: Social networking sites circulated a video clip of a factory owner in Najaf complaining about his stopping and the emigration of workers to him, citing the reasons for this due to the government's lack of sponsorship of the local industry sector, as well as competition from the importer.

And the Iraqi local industries became unable to compete with the imported products, which stopped the local factories.

And the Iraqi industry is the most prominent victim of the deliberate sabotage of the Iraqi economy by continuing to import from abroad, which is one of the most important outlets for corruption and looting of public money.

The last example of the failure of industry in Iraq is the National Textile Factory for the production of carpets in Najaf Governorate. On Saturday, July 24, 2021, it announced the suspension of the factory and the layoff of its workers because it was unable to compete with imported goods after reducing the value of customs. The plant employs about 30-40 workers and employees.

Iraqis commented: Supporting the national industry is a national duty for everyone, government, people and politicians... And fighting national industry is no less dangerous than terrorism.

A member of the House of Representatives for the Economy Committee, Nada Shaker Jawdat, said, earlier, that successive governments since 2003 have been working in favor of the imported product, noting that these corrupt personalities have turned the Iraqi people into one of the most consuming nations.

Observers revealed that some political figures own companies and factories outside Iraq and deal with Iraq as a market to market their corrupt products.

Experts in the Iraqi economy warned of the danger of the Iraqi market's dependence on importing its needs at a high rate from foreign countries, stressing that Iraq lost 180 billion dollars in the past years due to foreign imports.

The Iraqi private sector is growing slowly, due to the lack of awareness of its importance on the one hand, and the policy of some influential investors who resort to the policy of dumping on the other.

Among the most prominent challenges facing the local product is the class of importers who have large capital, and who tend to flood the market with imported materials at cheap prices because the production is supported by neighboring countries, or because the product is expired or near completion.

The economic advisor to the Prime Minister, Mazhar Muhammad Salih, says that Iraqi merchants are importing cheap goods, especially Chinese ones, and this trend among Iraqi importers and traders emerged after the siege in 1990 and continued after 2003 until now.   Obelisk

https://almasalah.com/ar/news/212735/مالكو-المصانع-المحلية-يغلقون-الأبواب--طبقة-مستوردين-متنفذة-تغرق-السوق-بالمستورد

The Bank Announces The Establishment Of A Course Of Stress Testing And Scenario Analysis

July 28, 2021   Iraqi Central Bank Announces / Center for Banking Studies that will establish a supplementary training course entitled "stress tests Stress Testing and analysis of scenarios" ( second level ) of the Rafidain Bank for a period of (Saturday 14/08/2021 until Tuesday , 08.17.2021).

1- Training period:- (4) days (16) hours, starting from 9:00 in the morning until 1:00 in the evening.

2- The method of holding the course: - E-training via the ZOOM electronic platform .

3- Certificate of Participation: The participant is granted a certificate of participation issued by the Central Bank of Iraq.

4- Language of the course: Arabic.

5- Registration method: - The name of the triple candidate, his job position, his e-mail and a phone number that contains WhatsApp .

Note that the subscription fees (160,000) dinars (one hundred and sixty thousand dinars) for each participant, we are authorized to deduct them from your account (in Iraqi dinars) opened with this bank, and in the absence of an account, payment is made in cash. We kindly ask you to send your nominations to the e-mail of the Center for Banking Studies ( bsc@cbi.iq ), with the nomination letters sent by the official mail before the start of the course in an appropriate period.

For inquiries, call the Banking Studies Center number 07822246055

» To view the list of names... Click here https://cbi.iq/static/uploads/up/file-162746995031870.pdf

https://cbi.iq/news/view/1785

The Bank Announces The Establishment Of A Course For Analyzing Financial Market Indicators For The Period 31/8/29-2021

July 28, 2021  The Central Bank of Iraq / Center for Banking Studies announces the establishment of a training course entitled ( Analysis of financial market indicators ) for all governmental and private banks for the period from 29-2021/8/31, as detailed below:

1- Target group: All employees whose work is related to the above course topic.

2- Duration of training:- (3) days (15) hours, starting from 9:00 in the morning until 12:00 in the afternoon

3- The method of holding the course: - Remote electronic training via the ZOOM electronic platform .

4- Certificate of Participation: The participant is granted a certificate of participation issued by the Central Bank of Iraq.

5- Language of the course:- Arabic language

6- How to register: - The name of the triple candidate, his job position, his email and a phone number that contains WhatsApp .

Note that the subscription fees (120,000) dinars (one hundred and twenty thousand) for one participant, we are authorized to deduct it from your account (in dinars) opened with this bank, and in the absence of an account, the payment is made in cash. We kindly ask you to send your nominations to the e-mail of the Center for Banking Studies ( bsc@cbi.iq ), with the nomination letters sent by official mail and before the start of the course.        https://cbi.iq/news/view/1781

The Bank announces the establishment of the asset and property cycle in accordance with International Standard No. (16) and Standard of Impairment of Fixed Assets No. (36) for the period 26/8/22-2021

July 28, 2021

The Central Bank of Iraq / Center for Banking Studies announces the establishment of a training course entitled ( Assets and Property in accordance with International Standard No. (16) and Standard of Depreciation of Fixed Assets No. (36) ) for all government and private banks for the period from 22/8/26-2021, as detailed in Below:-

1- Target group: All employees whose work is related to the above course topic.

2- Duration of training:- (5) days (20) hours, starting from 9:00 in the morning until 1:00 in the evening

3- The method of holding the course: - Remote electronic training via the ZOOM electronic platform.

4- Certificate of Participation: The participant is granted a certificate of participation issued by the Central Bank of Iraq.

5- Language of the course:- Arabic language

6- How to register: - The name of the triple candidate, his job position, his email and a phone number that contains WhatsApp.

Note that the subscription fees are (200,000) dinars (two hundred thousand dinars) for one participant, we are authorized to deduct them from your account (in dinars) opened with this bank, and in the absence of an account, the payment is made in cash. We kindly ask you to send your nominations to the e-mail of the Center for Banking Studies ( bsc@cbi.iq ), with the nomination letters sent by official mail and before the start of the course.     https://cbi.iq/news/view/1782

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

 https://www.bondladyscorner.com/

"Vietnam News" Friday 7-30-2021 Posted at KTFA

KTFA:

Samson:  US removes tariff threats against Việt Nam

25th July, 2021

The Office of the US Trade Representative (USTR) on Friday issued a formal determination in the Việt Nam Currency Section 301 investigation, under which the agency will not take any tariff action against Việt Nam.

A statement by the USTR said the move reflects the agreement reached earlier this week between the US Department of the Treasury and the State Bank of Việt Nam (SBV).  The determination finds that the agreement between the US Department of the Treasury and SBV provides a satisfactory resolution of the matter subject to investigation and that no trade action is warranted at this time. The USTR, in co-ordination with the US Department of the Treasury, will monitor Việt Nam’s implementation going forward, it said. 

US Trade Representative Katherine Tai commended Việt Nam for its commitment to addressing the US's concerns with its currency practices and setting an important example for the Indo-Pacific region.  American workers and businesses are stronger when their partners value their currency fairly and compete on a level playing field, she said, adding that in coordination with the US Department of the Treasury, the US will work with Việt Nam to ensure implementation, and will continue to examine the currency practices of other major trading partners. 

Earlier this week, the US Department of the Treasury and SBV reached an agreement to address the US’s concerns about Việt Nam’s currency practices.

A joint statement by the US Department of the Treasury and SBV said that SBV Governor Nguyễn Thị Hồng and US Secretary of the Treasury Janet L. Yellen held a virtual meeting to discuss the issue. The US Department of the Treasury and SBV have had constructive discussions in recent months through the enhanced engagement process, and reached an agreement to address the US Department of the Treasury’s concerns about Việt Nam’s currency practices as described in the US Department of the Treasury’s Report to Congress on the Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the US.

Việt Nam confirmed that it is bound under the Articles of Agreement of the International Monetary Fund (IMF) to avoid manipulating its exchange rate in order to prevent effective balance of payments adjustment or to gain an unfair competitive advantage and will refrain from any competitive devaluation of the Vietnamese đồng.

SBV is also making ongoing efforts to further modernise and make more transparent its monetary policy and exchange rate framework. SBV will continue to provide necessary information for the US Department of the Treasury to conduct thorough analysis and reporting on SBV’s activities in the foreign exchange market in the US Department of the Treasury’s Semiannual Report to Congress on the Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the US.   LINK

***********

Samson:  Việt Nam joins global peers in developing digital money

26th July, 2021

Việt Nam is playing catch-up in a global race to develop its own digital currency and experts believe this will not only help the country develop new technology but also present an opportunity for Việt Nam to join the most technologically-advanced countries.

The Prime Minister last month endorsed the strategy for developing e-Government towards digital Government in the 2021-25 period. In Decision 942/QĐ-TTg issued on June 15, the State Bank of Việt Nam (SBV) is assigned to research the pilot use of 'virtual money' based on blockchain technology in the next three years.

This is a remarkable change in the Government’s policymaking given the reality that Việt Nam has not yet recognised cryptocurrencies. So far, the central bank has repeatedly emphasised that owning and trading Bitcoin and other cryptocurrencies is risky for investors as these coins are not protected by law. Virtual currency is a new concept in Việt Nam. There are many different and confusing names in the market such as virtual money, electronic money, digital currency and cryptocurrency.

According to Investopedia, digital currencies can be considered a superset of virtual currencies and cryptocurrencies. Digital currencies can be regulated or unregulated currency that is available only in digital or electronic form. If issued by a central bank of a country in a regulated form, it is called the Central Bank Digital Currency (CBDC).

If existing in an unregulated form, it should be called virtual currency and may be under control of the currency developers instead of a centralised regulator. Cryptocurrencies are also an example of this type. Bitcoin and ethereum are the most popular cryptocurrencies. To date, Việt Nam’s law has no specific definition of virtual currency and virtual assets. Current regulations only refer to the concept of electronic money (e-money) which is pegged to a fiat currency and exists in the form of pre-paid bank cards, e-wallets or mobile money.

SBV has repeatedly affirmed Bitcoin and other virtual currencies are not electronic money and cannot perform the function of a legal currency as a means of payment. Currently, SBV, the Ministry of Justice and the Ministry of Finance (MoF) are studying the legal basis for managing virtual currency and virtual assets. MoF has also set up a research group on this issue.

While most experts agreed the central bank should clarify the concept of virtual money in the latest Decision 942, finance specialist Nguyễn Trí Hiếu said the “virtual” word can lead to negative thinking as it has been associated with fraudulent projects spreading in the media. “I think the central bank may use the concept of digital currency or cryptocurrency to reflect the intrinsic value of this form of money,” Hiếu told Việt Nam News.

Catching up 

More than 60 central banks across the world are exploring and actively developing their own digital currencies to modernise financial systems as well as counter a possible threat from cryptocurrencies, according to PwC. Last year, The Bahamas became the first country to launch a central bank digital currency (CBDC) nationwide.

Among major monetary authorities, China is the front-runner in the global race to launch CBDC and is testing a digital yuan, or e-CNY, in several cities. Meanwhile, the European Central Bank is planning to introduce a digital euro within the next five years. The United States lags behind in its own research but the US Federal Reserve has said it is more important to get its approach right rather than leading the pack.

In Việt Nam, SBV seemed to be hesitant in building a legal framework for digital currency. Last year, SBV proposed a pilot regulatory sandbox for fintech companies but did not mention digital currency. “Việt Nam is relatively slow in starting to research digital currency but it’s also not too late. Digital currency is an inevitable trend for a digital future,” Hiếu said.

While major currencies of the US, EU and Japan have had great influence in the global currency basket and international trade. Hiếu said issuing digital currency of small countries like Việt Nam would lift its position in the new global financial system which will be reshaped in the future with the rapid development of technology. “The world is entering the digital economy era. Along with the development of Industry 4.0, AI, 5G, this is a challenge for Việt Nam but also an opportunity to rise in the ranks of advanced countries with the most developed technology,” Hiếu said.

Huỳnh Phước Nghĩa, Deputy Director of the Institute of Innovation (University of Economics HCM City), also said in many issued policies, Việt Nam has identified technology as key for future development. This policy is backed by the strong development of e-commerce and online payments. “The rate of non-cash payments is on the rise in Việt Nam. The issuance of digital currency could also help accelerate this process,” Nghĩa was quoted as saying on thanhnien.vn.

Vietnamese people are predicted to be ready to accept digital money. Việt Nam ranked second in terms of crytocurrency use among 74 surveyed economies by Statista in 2020.

In Decision 942, the Government also focuses on prioritising research and development of some core technologies in which Việt Nam has advantages such as QR codes, artificial intelligence (AI), blockchain, virtual/augmented reality (VR/AR) and Big Data, facilitating deployment of digital Government. “However, this is also a big challenge for the SBV as this is an infant and new market and there is no real experience in the world to refer to,” Hiếu said, noting new issues such as concepts, how to store digital money and put it in circulation, building electronic systems, national networks and ensuring information security all need to be developed comprehensively.  LINK

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

Samson:  Việt Nam welcomes US decision not to take trade action against Việt Nam

25th July, 2021

Việt Nam has welcomed the decision of the United States Trade Representative (USTR) not to take trade action in connection with the investigation into Việt Nam’s currency policy, spokesperson for the Vietnamese foreign ministry Lê Thị Thu Hằng said on Saturday. 

The USTR Office on July 23 issued a formal determination in the Việt Nam Currency Section 301 investigation saying the agreement reached between the US Department of the Treasury and the State Bank of Việt Nam (SBV) provides a satisfactory resolution of the matter subject to investigation and no trade action is warranted at this time. 

Responding to reporters’ question about the decision of the USTR, the spokesperson said it is a positive step following the agreement reached on July 19 between the SBV and the US Department of Treasury. 

She stressed that it is also thanks to the outcome of constructive dialogue with good will by both sides to address outstanding problems in bilateral economic ties, towards building a stable and sustainable relationship in the spirit of the comprehensive partnership between Việt Nam and the US.     LINK

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

Samson: 2021 Vietnam Annual Economic Report launched

30th July, 2021

The 2021 Vietnam Annual Economic Report entitled “Repositioning Việt Nam in the Global Dynamics” was unveiled on July 29 by the Vietnam National University - University of Economics and Business. 

The report analyses Việt Nam’s competitive edge based on its advantages and engagement in the global supply chain.  It also touches on the adverse impacts of COVID-19 on the global economy at large and Việt Nam in particular.

The report has been released annually by the university in association with its affiliate the Vietnam Institute for Economic and Policy Research (VEPR) for 12 years. 

This year, exports and public investment are projected to become a driving force for the Vietnamese economy. With influxes of foreign investment into Việt Nam, exports in the sector will have an important role to play for economic growth in upcoming years.  However, the growth rate of exports may strongly rely on the global economy recovery and shipments of traditional commodities, experts warned.

Based on results obtained in the first six months and the complexities of the pandemic, the VEPR believes that the economic growth in the remaining months will depend on efforts in COVID-19 prevention and control, vaccination speed and scale and efficiency of support packages, among others. The institute also put forward growth scenarios for the remaining months.

If the pandemic is brought under control in late third quarter and Việt Nam reaches herd immunity in the second quarter of 2022, and the economic growth is projected at 4.5 – 5.1 per cent.  In other scenario, the pandemic is controlled in the next months and herd immunity is reached by Q1 2022, the national economy may expand between 5.4 per cent and 6.1 per cent.

If economic activities will not be able to resume by the fourth quarter of this year, Vietnam may see an economic growth rate of 3.5-4 per cent.   LINK

2 Fleming RV Reports Friday PM 7-30-2021

Fleming Friday PM RV Report #1:

Our military intel contact is confirming Mr Fleming’s source saying today Fri 30 July, 

“The time for our blessing is upon us....Washington DC indicated that it’s going to be in a media blackout and that funds [global shotgun start funds] are anticipated to be released on SAT July 31,2021 onwards.

 “Remember we have all been chosen by God to change the world so please make sure that your spirit is right as your aura will be read and you might get rejected [for higher rates] if they realise that you are not qualified for this journey.

“We are close to celebrate this worldwide event and I’m sure there will be hundreds or thousands crying full of happiness. 

“There is no further update. 

“GOD Guide us & Bless  us...

Fleming Friday Report #2

Curtailing Systemic Corruption

The Only True Task de Jour

 Not many people are aware that we have the great genius, Robert Maheu, founder of CMKX penny stock corporate launch; to thank for NESARA and RV GCR. 

 He led a colorful life, to say the very least. He was a widely published author. A friend to many of the wealthiest people in the world. Often, whenever necessary, a government informant and spy. Ultimately, he was a visionary entrepreneur and a major risk taker earning and losing several fortunes in his lifetime. 

 CMKX/CMKM  was his long-running play to bring down a corrupt government, a corrupt Financial System, identify all of the guilty parties, lawfully, permanently, and irreversibly alter the Monetary System all over the world.  He was a Patriot with a capital “P”. The background and history on this great man is extensive. For purposes of this brief article though, he must be named and honored, just to keep things real. Honor is paid where it’s due, right on his lifetime of contribution. 

 The C_A is notorious for bringing in men and women, celebrities, entrepreneurs, the brightest and best; and coaxing their support to achieve whatever end is sought. Robert Maheu was one such bright young man, who’s love of country, was everything. He was here for Operation Paperclip, and together with Howard Hughes, recognized the corruption taking hold. He was around for Leo Wanta/Ronald Reagan’s take down of Russia.

He saw everything and knew the right people. When he came upon the idea to launch CMKX, Robert Maheu launched his most ambitious project ever, the exposure and disclosure of the Systemic Corruption in Monetary, Judicial, Legislative, and including the State and Federal Government; Systems. A huge task and a lifetime of planning to bring about.

 Mr. Maheu’s role in CMKX was played like a master fiddler. He orchestrated the most amazing coup in history, while playing the double-ought spy to the hilt, he managed to take a penny stock, considered worthless at the time, to a multi-trillion dollar corporation, ultimately benefiting thousands of shareholders around the world.

All of them Average Joe’s, starting out with only a few hundred, and a few thousand shares, bought for pennies. He used the existing System, rolling assets up and up and up and up, while acquiring hard assets like gold and diamond mines. He then leveraged these inground assets with the global buy/sell of notes pledged against these hard assets, taking advantage of the Ponzi Scheme and creating huge assets and multi-million dollar returns for his shareholders. Yet, CMKX has been blocked from releasing this money for years.

Al Hodges, Mr. Maheu’s trusted attorney, and a brilliant and kind man as well, (Rest in Peace, Al!) was brought in to challenge this “block” through the Judicial System. He represented CMKX all the way up to the Supreme Court (http://www.examiner.com/x-9341-Manhattan-Headlines-Examiner~y2010m3d30-CMKM-Diamonds-and-the-387-trillion-lawsuit-you-didnt-hear-about ).  And he won every suit. 

 Still no money has been distributed to the shareholders. How is that possible? We might as well as the same question of the SKR holders, for both bonds and currencies. They completed their deal. Money is now sitting in an account, with approved, spendable funds. The deal is done. So, what gives?

When is “Money of Account on Hold” actually spendable? Mr. Robert Maheu knew when he first formed CMKX, that he would be successful because he knew the power players involved. He had good relationships with the banks.

They knew he was worth millions, in actual fact, and that he associated with millionaires and billionaires. He wasn’t someone to play around with. So, when Maheu started working with the “settlement houses” putting his instruments on the market, so to speak; he was naturally allowed since he was One of the Good Ole Boys. They let him accrue.

They did not, however let him disperse to ordinary folk. It’s taken Attorney Al Hodges and his team, everything they had to challenge this, and it’s all on record. Every one of these CMKX Shareholders, and Farm Claims Shareholders, and anyone that holds a share has “Money of Account on Hold”. It’s got to be this way until the correction takes place. Mr. Maheu knew this would be the case when he got started.

Every hard asset that’s ever traded in the Ponzi Scheme, is actually only used as a guarantee, against the actively traded account. The principal TRUST (unnamed – not discussed – kept completely quiet), that owns the Trade, is held under the Global Collateral Accounts and facilitated out of the WORLD BANK. This is the superior entity taking precedence over the “Money of Account on Hold”. This (TRUST) is an entity controlled by monarchs, by the Fed Chair, by the highest who’s who of oligarchs. These names aren’t disclosed, but we can take a guess. 

The rule of bank-facilitated contracts such as this, is that the receiving account is on hold until the principal – the original party that is paying out the proceeds – releases it. Another rule is that these accounts can’t be released, none of these Prosperity, or CMKX, until the proceeds are paid out in TRUE CURRENCY – not fiat dollars.

You can’t exchange gold for paper. Gold is exchanged for gold. We must have lawful dollars. Every nation state must have lawful dollars.

Once righted these two things will affect the entire world. These two things have held up our 1,000 years of Grace and Ease, for decades. 

Immediately once the currency is back on the “Gold Standard” we are done with the Rothschild Machine. 

Immediately once we have lawful currency, we are done with all debt. The debt on the books is paid off in one fell swoop, by the reversal of decades of theft. 

By the plans put into place by Mr. Robert Maheu, supported by the many, many White Hats, working tirelessly, behind the scenes; the Global Collateral Accounts are once again in use for-the-people. These accounts were established for-the PEOPLE. These accounts were usurped and Mr. Maheu knew what happened and set out to correct it. 

Today, in honor of Mr. Robert Maheu and all stalwart champions, fighting the 2030 Agenda and the dissolution of Mankind, we keep the FAITH. 

Proverbs 21:15 will take place. When justice is done, it brings joy to the righteous but terror to the evildoers. Justice is coming.