MilitiaMan and KTFA Members Tuesday Night "The Big Surprise" 11-30-2021

KTFA

Jeff12:  IMO, This article is a DOOZY when you do the math. Comes out to $3.67. WOW.

Samson:  Kuwait confirms receiving $1.47 billion in war compensation from Iraq

30th November, 2021

The National Bank of Kuwait reported today, Tuesday, that Kuwait has received $1.47 billion in war compensation from Iraq.

The bank said that "Kuwait received compensation payments from the United Nations Committee from Iraq for the war, amounting to 1.47 billion dollars (0.4 billion dinars) in April, July and October of this year."

He added, "The remaining amount is 629 million dollars for final payment."  LINK

MilitiaMan:  What is surprising is they tell us that war compensation payments of $1.47 billion dollars reflects .4 billion  Dinar. We cannot just assume that they are using IQD and not KWD in this context. But, since they typically show equivalency and the payor is Iraq to Kuwait in dollar terms, then the amount of $1.47 billion coming from Iraq to Kuwait would be from Iraq using their money in equivalency, as they are the ones owing the payments and not the other way around.

So, by that this looks to be a potential leak and front running imo.. As if the assumption is correct?

We shall see at some point if this represents an international payment to Iraq with an internationally accepted Iraq Dinar with real value..

The math supports a big surprise. lol. 

The 2022 has to have the details of the 2019 FMLA, 2020, 2021 budgets sorted prior to opening the 2022 budget, imo..

 Thus, this surprise that is apparently about  to happen is economically tracked and that plans will be changed due to the surprise in an exchange rate.

Budgets are about money.. So we can wonder, do they mean that a new exchange rate (that is  to be the opposite of the present rate), as being the surprise?

I would suspect that frankly, yes!!! imo It is possible..

With having new revenue streams coming on line at the borders, ports, agriculture, tourism, 500 billion in potential money recently clawed back, a new digital platform on line, new multi-currency Visa Cards, new digital payments and settlements across borders and new digital communications data storing place, I suspect that there are good reasons out to support that change is coming. imo ~ MM

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Samson:  Adviser to the Prime Minister: The 2022 budget is guarded by surprises and includes appointments

30th November, 2021

An economic advisor to Prime Minister Mustafa Al-Kazemi revealed that the financial budget for 2022 includes job grades and appointments.

Mazhar Muhammad Salih told {Euphrates News}: "The economic fears about the 2022 budget are due to the pandemic, and all economic tracks and plans are changed by surprises."

And he indicated that "the 2022 budget is protected for all surprises and is rationally planned," noting that "there are laws that obligate appointments, and it is certain that the budget includes them." LINK

Ross:  the current KWD is worth $3.31 US. Does that help imply that this is actually IQD and not KWD ??  

IAM:  Excellent point, Ross.

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p>Hello, World!

Markz and Brent Johnson Tuesday Evening Chat 11-30-2021

Tuesday Evening Update 11/30/2021

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:  Happy Tue....!!!! Come on RV !!!!! Come on RV !!!!

MZ:  in Iraq the election commission confirms the election results…..this is big .And Kuwait confirms they have received $1.47 billion in war compensation from Iraq. This is one of the last things that needed lifted.

MZ: I am being told that starting this evening or into tomorrow is when the dinar will start floating in-country. This means we should be exceptionally close to us going. I do not expect us to float. I expect us to have a fixed rate. But, this is enormous news coming out of Iraq. This is just huge.

MZ: So the big news tonight is Iraq is finishing dotting I’s and crossing Ts, finished paying Kuwait and finished pulling their government together.

MZ: I am being told they are about to start their float internally. Which is what Kuwait did . It was about 10 days of floating internally until it hit us. But, I don’t think we will be waiting that long.

Brent Johnson joins the stream about minute 15:00 or so……please listen to replay for entire conversation

MZ: Do you have anything juicy for us today Brent? I have heard phenomenal things out of Iraq today.

BJ: The word that I have gotten from Iraq is they have an international rate. However, while the dinar is tradable internationally- the banks screens do not yet have the rate. So it does not have any practical implications yet. So the dinar is international and although the banks do not have the rates yet….they are on the precipice to do it.

BJ: But the $1.47 billion paid to Kuwait from Iraq is very significant.

BJ The biggest word we have been getting is “Everything is done”. Every single faction is done.

BJ:  On the bond side of things the German bonds have pretty much been completed. They are now working on the Dragon bonds and the Super petchilli’s. That is what they are paying out now. So there has been a great deal of movement.

BJ: There has been a ton of high profile arrests that we are not going to hear about for awhile. They are not going to tell us who yet.

BJ: In terms of the notifications ….I did check it out. I am in tier 3. We have not gotten notifications yet. We are at the precipice and as close as we can get without it happening. The leader of my group is sitting in Reno on notice to not go anywhere .

BJ: Everything is funded and it will all go at once. The money is all there and just has to be released.

BJ: If there is going to be a blackout-that will happen, martial law, Nesara/Gesara is all going to go at once. We are going to be overwhelmed. We are extremely close to everything going.

BJ: I would not be surprised if by this time next week we are all on way and doing things.

MZ: But, not able to talk to each other….that would not surprise me either.

BJ: Especially if we are under strict NDA’s……

MZ: I have also heard we will have a shotgun start and everything has been staged like horses in the starting gate at a racetrack.

BJ: Every one of the major sources I have- without exception is absolutely silent right now …and we consider this to be a very positive sign. This doesn’t happen often and when it does happen, it seems to mean that things are impending. Like the doomsday clock right before midnight….That’s where I believe we are right now. There is stuff going on behind the scenes bringing us closer and closer. This silence from my sources says to me that “something is up” .

MZ: We are sure being leaned on to NOT share anything specific right now.

BJ: If we were to share some things we would lose all of our sources and might end up being excluded from the exchange.

Member: Is it true that if it all goes at once. That we didn't need a NDA

Mod:  THERE WILL BE AN NDA YOU WILL UNDERSTAND IT FULLY DURING YOUR APPOINTMENT YOU CANNOT ASK AHEAD THEY WILL TELL YOU

Member: Hey Mark, do you know if the new debit cards will be able to be used at stores and businesses right away?

MZ: I am told yes….you will have instant access at ATMS and stores.

Member: UN Operational rates are updated tomorrow! 1st and 15th!

Member: Thank you Mark and Brent for sharing with us tonight.

Member: Mark, Thanks for streaming every day!

Brent Johnson's Tuesday night call tonight at 8:00pm EST

BRENT JOHNSON = http://freedomradio.us/vof/

Please listen to replay for all the information

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

https://www.youtube.com/watch?v=8kN3nPHOzB0

Zig’s Place Chatroom News Tuesday PM 11-30-21

Zig’s Place Chatroom News Tuesday PM 11-30-21

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

Butterfly   Rights Reveal New Appeals After The Final Results Of The Elections

11/30/2021 | 6:52 PM   Rights Reveal New Appeals After The Final Results Of The Elections Information / Special..   Rights movement confirmed, on Tuesday, that the approval of the Supreme Judicial Council on the results announced by the Commission is not final and there will be other appeals.

A member of the movement, Hussein Al-Karaawi, said in a statement to the “Information” agency, that “the next stage will be the legal confrontation between those who oppose the current results and the commission before the parliament and in accordance with the contexts of the constitution.”

He added, “Announcing the results and going to the judiciary and approving them does not mean the end of the objections and proceeding according to the principle of the fait accompli. Rather, there will be other fights, but this time it will be under the dome of the new parliament and the commission.”

He pointed out that “the Federal Court and the Supreme Judiciary will bear the greatest responsibility to consider the appeals and not proceed with the ratification of the results without investigating the evidence and evidence that will be presented to them.”

The Electoral Commission had announced, earlier today, the announcement of the final results of the elections, which did not witness significant differences, which enhances the confidence of the objectors and their insistence on the existence of a full-fledged fraud process. Done / 25 SR  almaalomah.me

TWW   Elon Musk said on Tuesday that SpaceX's Starlink satellites have had to dodge debris after Russia destroyed a satellite in a missile test earlier in November. "We had to shift some Starlink satellite orbits to reduce probability of collision," the SpaceX CEO wrote on Twitter. "Not great, but not terrible either."

Russia on November 15 blasted one of its satellites in a missile test, creating debris in orbit and threatening Starlink, the network of SpaceX internet satellites, Insider previously reported.

The debris also forced the crew of the International Space Station to take shelter in evacuation spacecraft. ...https://www.msn.com/en-us/news/technology/elon-musk-says-starlink-satellites-have-had-to-dodge-debris-from-russia-s-anti-satellite-missile-test/ar-AARjn6f?ocid=msedgntp

TWW   https://www.msn.com/en-us/news/technology/elon-musk-says-starlink-satellites-have-had-to-dodge-debris-from-russia-s-anti-satellite-missile-test/ar-AARjn6f?ocid=msedgntp

butterfly   Oil prices are falling to their lowest level since last August

Tuesday 30 November 2021 22:22 The prices of crude oil, from the "Brent" and "West Texas Intermediate" mixes, fell today, Tuesday, to the lowest level since last August.

Brent crude futures for February 2022 fell on the ICE stock exchange in London, according to the data of the trading session on Tuesday until 18:06 GMT, by 7.4% to $67.8 per barrel.

The price of Brent oil fell to a level below $68 for the first time since August 23, 2021.

The price of West Texas Intermediate crude futures for February 2022 fell by 7.51% to $64.7 a barrel, as it also fell to less than $65 for the first time since August. https://ninanews.com/Website/News/Details?key=942166

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butterfly   Shiite Coordination Framework reject the results of the elections, to discuss the issue in a meeting 2021-11-30 16:02

Shafaq News/ Sources revealed on Tuesday a meeting within the next 48 hours of the Shiite Coordination Framework forces to discuss the final results of the parliamentary elections.

The sources told Shafaq News Agency, “The Framework will hold a meeting at the home of the leader of the Wisdom Movement Ammar al-Hakim in Baghdad within the next 48 hours.”

They added that the State of Law Coalition led by Nuri al-Maliki (involved in the framework) sent a representative to the Sadrists to enter into a strategic alliance to form the next government in exchange for preserving their electoral gains."

The Coordination Framework that includes the majority of the prominent Shiite forces except the Sadrist movement expressed, on Tuesday, its rejection of the final results of the early parliamentary elections.

The Framework said in a statement, "We reject the results of the current elections, as it has become clear that the Electoral Commission has prepared the election results in advance at the expense of the will of the Iraqi people."

He pointed out, "the Electoral Commission and the Judicial Authority did not deal seriously with the appeal file and in accordance with the applicable legal contexts," adding that "the voting procedures have confirmed suspicions in many files, such as invalid votes, canceling stations and identical fingerprints, as well as the observations of local and international observers."

The Framework concluded, "We renew our firm position based on evidence and documents that there is major manipulation in the poll results.”

Earlier, a source in the Independent High Electoral Commission in Iraq revealed, on Tuesday, that five candidates won in the House of Representatives, according to the results issued by the judiciary after recounting the votes manually in several polling stations.

30 Nov 21, 05:44 PM butterfly   The source told Shafaq News Agency, "There are five candidates who won based on the appeals submitted by them."

He indicated that the winners belong to the parties as follows: "a candidate for the Azm Coalition, two candidates for the Al-Fateh Alliance and two candidates for the Patriotic Union of Kurdistan.

Earlier, IHEC released final results on Tuesday from last month's general election, confirming populist Shiite cleric Moqtada al-Sadr's movement's victory as the biggest bloc, with 73 seats in the fractious 329-seat house.

The Takadum Party, which draws support from minority Sunni Muslims, won 37 seats. Former Prime Minister Nouri al-Maliki's State of Law group won 33 seats, and the Kurdistan Democratic Party (KDP) secured 31, according to the results cited by state media.

The results were broadly in line with preliminary figures released days after the Oct. 10 election and unlikely to alter calculations much as politicians negotiate on the makeup of a new government. Pro-Iran groups who performed poorly have refused to accept the results.

The commission said that turnout reached 44%, revised up from the 43% preliminary figure but still lower than in the last election in 2018.

The commission said that more than 9.6 million people cast their ballots in the Oct. 10 vote, where at least 167 parties and more than 3,200 candidates competed for the parliament's 329 seats.

butterfly   For its part, The Kurdistan Democratic Party (KDP) commented on the new results saying that "two seats were illegally taken from the party."

Mahmoud Muhammad, KDP's spokesperson, said that the final results of the Iraqi parliamentary elections represent clearly that "two seats were deprived for two of the Kurdistan Democratic Party candidates in the governorates of Erbil and Nineveh."

He added, "We will announce the position of Party about this illegal act after holding the meeting of the political bureau."

butterfly   https://www.shafaq.com/en/Iraq-News/Shiite-Coordination-Framework-reject-the-results-of-the-elections-to-discuss-the-issue-in-a-meeting

butterfly   2021-11-30 08:56

Shafaq News/ The U.S. dollar (USD) exchange transactions against the Iraqi dinar (IQD) closed at a slightly higher rate in the markets of the Iraqi capital, Baghdad, today, Tuesday.

Shafaq News Agency correspondent said that the USD closed at a rate of 147,900 IQD for every 100 in al-Kifah and al-Harithiya Central Exchanges, 100 IQD above the opening rate this morning.

The buying and selling rates of the USD in Baghdad's local markets stood at 148,500 and 147,500 IQD for every 100, respectively. https://www.shafaq.com/en/Economy/USD-closes-higher-in-Baghdad-3

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More Iraqi News Tuesday PM 11-30-21

More Iraqi News Tuesday PM 11-30-21

TLM724 Administrator BondLady’s Corner

The Commission: We Will Send The Names Of The Winning Candidates To The Federal Court For Approval

Tuesday 30 November 2021 17:32 | political Number of readings: 160  Baghdad / NINA / - The Chairman of the Board of Commissioners, Judge Jalil Khalaf, announced today, Tuesday, that the commission will send the names of the winning candidates in the elections to the Federal Court for official approval./ End 5   https://ninanews.com/Website/News/Details?Key=942076

A Quantum Leap In Revenues For The Month Of November In The Air Cargo Customs At Baghdad International Airport

Economie| 01:27 - 30/11/2021   Baghdad - Mawazine News   The General Authority of Customs announced, on Tuesday, the registration of the Directorate of Air Cargo Customs, a noticeable increase in financial revenues for the month of November.

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In a statement received by Mawazine News, the authority said, "The follow-up and guidance of the authority's director general, Shaker Al-Zubaidi, was positively reflected in a record period, as the revenues of the Air Cargo Customs Directorate recorded a significant increase over the previous period."

And she added, "We are about to reconsider all customs duties on consumer goods for the purpose of encouraging investors and traders and advancing the reality of the private sector," adding that "the realization of those customs revenues came as a result of the efforts made by the current administration of the Iraqi Customs General Authority." Ended 29/b 88   https://www.mawazin.net/Details.aspx?jimare=176920

Iraq And Turkey Sign A Memorandum Of Understanding To Curb Money Laundering

Local | 02:18 - 30/11/2021   Baghdad - Mawazine News   The Central Bank of Iraq announced, on Tuesday, the signing of a memorandum of understanding with the Turkish "Masak" regarding suspicious financial operations and money laundering.

The bank said in a statement that Mawazine News received a copy of it, that "based on cooperation between the Anti-Money Laundering and Terrorist Financing Office in Iraq and similar units in other countries, the office has signed a memorandum of understanding with the Turkish Financial Information Unit Masak," noting that "the memorandum will work on Facilitating the exchange of information with the Turkish side regarding suspicious financial operations.

He added that "the memorandum will also work to limit money laundering and terrorist financing operations," pointing to "the need for concerted international efforts to confront these crimes and combat their emerging methods." Ended 29/A 4   https://www.mawazin.net/Details.aspx?jimare=176928

Dollar Exchange Rates In Local Markets Today

Market  Economy News _ Baghdad  "Economy News" publishes the exchange rates of the dollar against the Iraqi dinar in the local markets on Tuesday.   The price of the dollar against the Iraqi dinar

Exchange rates:  The selling price of the dollar 148,500    The purchase price of the dollar 147,500

Views 211 Date added 30/11/2021   https://economy-news.net/content.php?id=26881

Memorandum Of Understanding Between The Anti-Money Laundering And Terrorist Financing Office And The Turkish Financial Information Unit (MASAC)

November 30, 2021  Proceeding from the principle of international cooperation between the Anti-Money Laundering and Terrorist Financing Office in the Republic of Iraq and counterpart units similar to its work in other countries, and based on the provisions of the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2015, the Office signed a memorandum of understanding with the Turkish Financial Information Unit (MASAC). ) which will facilitate the exchange of information with the Turkish side regarding suspicious financial operations as well as curbing money laundering and terrorist financing operations, which requires concerted international efforts to confront these crimes and combat their emerging methods.   https://cbi.iq/news/view/1882

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

 https://www.bondladyscorner.com/

The Problem With America’s Semi-Rich

The Problem With America’s Semi-Rich

By Emily Stewart  Oct 12, 2021

This story is part of a group of stories called “The Goods”

America’s upper-middle class works more, optimizes their kids, and is miserable.

It’s easy to place the blame for America’s economic woes on the 0.1 percent. They hoard a disproportionate amount of wealth and are taking an increasingly and unacceptably large part of the country’s economic growth. To quote Bernie Sanders, the “billionaire class” is thriving while many more people are struggling. Or to channel Elizabeth Warren, the top 0.1 percent holds a similar amount of wealth as the bottom 90 percent — a staggering figure.

There’s a space between that 0.1 percent and the 90 percent that’s often overlooked: the 9.9 percent that resides between them. They’re the group in focus in a new book by philosopher Matthew Stewart (no relation), The 9.9 percent: The New Aristocracy That Is Entrenching Inequality and Warping Our Culture.

There are some defining characteristics of today’s American upper-middle class, per Stewart’s telling. They are hyper-focused on getting their kids into great schools and themselves into great jobs, at which they’re willing to work super-long hours.

They want to live in great neighborhoods, even if that means keeping others out, and will pay what it takes to ensure their families’ fitness and health. They believe in meritocracy, that they’ve gained their positions in society by talent and hard work. They believe in markets. They’re rich, but they don’t feel like it — they’re always looking at someone else who’s richer.

They’re also terrified. While this 9.9 percent drives inequality — they want to lock in their positions for themselves and their families — they’re also driven by inequality. They recognize that American society is increasingly one of have-nots, and they’re determined not to be one of them.

I recently spoke with Stewart about America’s 9.9 percent — the people who are semi-rich but don’t necessarily feel it. We talked about fear, meritocracy, and why the 9.9 percent are so obsessed with nannies. Our conversation, edited for length and clarity, is below:

So, to start out, you write about the 9.9 percent and a “new aristocracy” in America. Who are these 9.9 percent?

The statistical side of it is very imprecise. I don’t think of the 9.9 percent as just everybody who has more than a certain amount of money and less than another amount of money.

I see it more as a culture, and it’s a culture that tends to lead people into the 9.9 percent of the wealth distribution. It’s a cultural construct that is defined by attitudes toward family, toward identity issues about gender and race, by education and educational status and the idea of what constitutes a good career, which is mainly professional and managerial.

What does the culture look like? How do these people separate themselves out?

The guiding ideology is essentially that of a meritocracy. The driving idea is that people get where they are in society through a combination of talent and work and study. The main measures of that are educational attainment and material well-being, and anything that we provide to society or other people is on top or on the side of that and is a reflection of our own virtue and not in any way necessary for social functioning or part of a good life. It’s always, essentially, a sacrifice.

The obvious place to look for it is the whole college admissions game. But I think that’s kind of limited, too. I put a lot of emphasis on the family aspect because I think that’s a place where you really see in operation the attitudes and practices that go into child rearing and family formation.

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

https://www.vox.com/the-goods/22673605/upper-middle-class-meritocracy-matthew-stewart

More News, Rumors and Opinions Tuesday PM 11-30-2021

Holly Second Update Tuesday 11-30-2021

I don’t like to give any dates as it is a moving target and event based.

 All sources say all is done and we await the final release codes.

When that happens, it could be this week or longer.

We don’t have all the details as to what is happening behind the scenes.

We are told certain things but certainly not told all. This is a military operation and as such there are things that are classified.

And deception and misinformation is part of defeating the enemy.

Courtesy of Dinar Guru

Walkingstick  [via Guru Frank26]  What they educated the citizens about last week was that...Iraq, everything about them is internationally tradable.  You should not care...about the value right now.  They already know what's going to happen...Iraq is tradable.  The currency of Iraq is now tradable.  The value will go up soon enough. [Iraq] is International and follows all the International laws, rules and regulations to trade and buy and sell with.  Your currency is internationally tradable now. 

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TNT:

Tishwash:  Iraq.. The dollar is among popular demands to reduce its price and wait for the next government to decide its fate

Popular demands in Iraq are escalating to restore the value of the Iraqi dinar to what it was a year ago, with the rise in oil prices that revived the Iraqi budget treasury for the next year, as the Iraqi authorities’ decision last year to raise the dollar against the dinar sparked great controversy in political circles In addition, the poor and low-income classes were affected by the high prices of consumer goods.

And the Iraqi Ministry of Finance revealed in a statement that "although the devaluation of the currency last year and the restoration of oil prices helped improve the financial situation of Iraq, it is necessary to take into account that the country is still very weak."

The ministry added in its statement that "the current surpluses could turn into deficits with the return of oil prices to normal in the medium term, and another contraction in the oil market could easily lead the country back to the brink of crisis, in order for the Iraqi economy to regain its full strength and be sustainable. That economic policies be geared towards improving resilience in the face of oil price fluctuations through building fiscal buffers and diversifying the economy.

The ministry stressed that "the revaluation of the dinar will have the opposite effect. There are good reasons for the scarcity of revaluation of fixed exchange rates. For example, in 2005 China revalued its currency in response to intense pressure from the United States, which threatened to impose tariffs on imports."

A huge controversy continues to this day

The writer specializing in political and economic affairs, Saleh pointed out that there were “many countries that preceded Iraq and floated their currency according to supply and demand, removing the hand from direct control of the currency exchange rate or devaluing the currency relative to other currencies, although they did not face economic crises such as China and Japan

But the decision to reduce the value of the Iraqi dinar is still causing a great controversy going on so far, and the question raised by the objectors is about the economic feasibility of devaluing the currency in a rich country like Iraq, and the usefulness of this step, which recalls the years of international economic sanctions that caused a major collapse in According to his gesture, the national currency has depreciated and its purchasing value has plummeted, and markets have become hyperinflated, famine and widespread poverty.

He added, "Voices have increased demanding the return of the currency exchange rate to what it was before the Corona crisis, especially after the rise in international oil prices and Iraq's overcoming the fear of the lack of large cash liquidity, and the increase in the exchange rate of the dollar against the dinar is one of the measures taken by the government to achieve economic reforms Or what is known as the White Paper, the aim of which is to address the imbalance in the Iraqi economy, which led to the decline in services provided and the rise in the state’s public debt, due to the total dependence on oil as a main source in the budget, and it is subject to the direct management of the Iraqi government represented by the Ministry of Finance and also the Central Bank, and they stated On more than one occasion, "the dinar exchange rate will not change at the present or near, and therefore the rise in oil prices will not affect the current monetary policy."

Lafteh believes that "if the necessary measures are taken to protect the poorest classes, improve their living conditions and not increase their suffering, and food prices are within reach and there is no inflation in their prices, and new job opportunities are offered that the poor can easily obtain, the rise in the dollar exchange rate will be Its benefits outweigh its harms, and the country will gradually be freed from fluctuating oil prices.”

Lafta believes that "there are other benefits to devaluing the dinar in the long run, to reform the trade balance and reduce the deficit, encourage local industry and demand it and reduce imports, thus preventing the escape of money from the country and the entry of investors to the markets, as well as to increase economic growth."

As for the researcher in economic and political affairs, Nabil Jabbar Al-Ali, he stressed that “in light of the current conditions and oil prices that have witnessed a recovery during the past months, Iraq was able to secure good revenues equivalent to the expenditures it approved in its last annual budget for the year 2021, in which the amount of the deficit was close to 20 billion dollars." 

Adding, "This was followed by another frightening deficit of approximately 10 billion that was supposed to be covered by expanding the circle of non-oil revenue collection, of which no more than 25 percent of what was planned in the last budget was achieved, bringing the total budget deficit to approximately $30 billion. (45 trillion Iraqi dinars), high oil prices were able to cover it during the last period.

He adds, "But if we assume the oil market will continue to rise or the optimistic stability in oil prices for the coming year, which is very likely, and the extent of its impact on the Iraqi dinar exchange rate, the answer is that monetary policy in Iraq and the exchange rate policy can be greatly affected by the economic shocks resulting from the decline State revenues, as happened in 2020, and the value of the dinar has become a victim of the state’s failure to hedge and protect its economy, but the exchange rate may not be among the state’s priorities in the years of prosperity and prosperity.

He continued, "This is due to the fact that the Iraqi state, with its successive governments, has adopted high spending policies for political reasons primarily without paying attention to investment development spending, and has exhausted itself with internal and external debts and obligations related to the implementation of stalled service projects

Which may require spending $100 billion to complete them, which requires it to continue. With the current exchange policy, which enables it to secure additional amounts of approximately 25 percent additional to its revenues, but from a political point of view, the victory of some political forces (the forces of the state of law and the forces of the coordination framework) that raised the slogan of rejection of the recent exchange rate change policy may be the beginning of work on adopting measures To change the exchange rate towards raising the value of the dinar against the dollar

 If it manages to control the joints of the next government that we are experiencing the throes of its establishment these days, in implementation of part of its government program and electoral slogans, and also to fix the effects of this policy, which was one of the reasons for the increasing rates of poverty in Iraq.

Monetary policy and exchange rate policy remain primarily a political decision before it is an economic decision.  link

KTFA:

Samson:  Oil prices continue to bleed .. Brent falls to its lowest level in more than 3 months

30th November, 2021
Oil prices continued to decline, today, Tuesday, and the "Brent" mix fell during trading below the level of $70 a barrel for the first time since the end of August of this year.

And "TASS" agency reported that the futures contracts for the "Brent" mixture fell today below the level of $ 70 a barrel, and that the mixture fell below this level for the first time since the end of August 2021. By 16:34 Moscow time, "Brent" contracts fell by 4.63 By 4.45% to $69.84 per barrel, US West Texas Intermediate crude contracts fell by 4.45% to $66.84 per barrel.

The decline came amid economic concerns about the impact of the new strain of the Corona virus on demand for crude. The president of Moderna Pharmaceuticals told the Financial Times that it is unlikely that Covid-19 vaccines will be effective against “the virus.”  LINK

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(Alert). MORE FEAR, PROPAGANDA, MISINFORMATION.. CRITICAL Updates.

Greg Mannarino: Nov 30, 2021

https://www.youtube.com/watch?v=Hrj44d0s3xo

Iraqi News Tuesday AM 11-30-21

Iraqi News Tuesday AM 11-30-21

TLM724 Administrator BondLady’s Corner

For The First Time In 3 Months, The Price Of A Barrel Of Oil Fell Below The Level Of $71

Tuesday 30 November 2021 09:54 | economic Number of readings: 315   Baghdad / NINA / - Oil prices fell today, Tuesday, for the first time in 3 months, below the level of $71 a barrel.

According to Russia Today, the global Brent crude fell below the level of $71 per barrel, for the first time in about 3 months.  And she added: This comes amid economic concerns about the impact of the new strain of the Corona virus on the demand for crude./End 3

https://ninanews.com/Website/News/Details?key=941957

The Minister Of Oil Calls For The Approval Of The Sovereign Energy Fund To Guarantee The Rights Of Generations

Energy   Economy News _ Baghdad   Today, Tuesday, the Chairman of the Ministerial Council for Energy, Minister of Oil, Ihsan Abdul-Jabbar, called for the approval of the "sovereign fund" project to finance long-term investment projects in the energy sector, stressing its importance in supporting the national economy and ensuring the rights of future generations.

Abdul-Jabbar said in a statement received by "Al-Iqtisad News", that he chaired, today, the weekly meeting of the Council, indicating that the project of the Sovereign Energy Fund was one of the most important projects that were discussed due to its importance and objectives that revolve around achieving justice in the distribution of revenues from oil and gas, and how to invest them. And its development, through promising programs and projects, and clear plans that are commensurate with the great development in the world.

Among those projects, Abdul-Jabbar explained, “supporting electric and renewable energy projects, and investment projects that aim to create clean, sustainable, environmentally friendly energy,” noting that “this fund would achieve sustainable development by financing and supporting long-term investment operations in the energy sector.” Energy, as well as its importance in achieving flexibility in implementing energy plans and programs, as well as supporting and encouraging projects implemented by non-governmental sectors.

The Minister of Oil added that "one of the fund's objectives is also to work to provide and cover the local need for electrical energy at the lowest cost, and in accordance with sound environmental standards."

He pointed out that "the council also discussed, during its meeting, the draft law on regulating renewable energy, which is one of the very important projects, as the Diwani Order Committee 54 was hosted," explaining that "the law will work on developing a set of legislation and instructions that will organize the renewable energy industry in the country, with an emphasis on the role of ministries." concerned with the subject (environment, electricity, science and technology).

The Chairman of the Ministerial Council for Energy expressed his hope that "this project will be approved after discussion during the next parliamentary session, and it is one of the important projects that must receive the attention of the next parliament."   Number of views 170, date added 30/11/2021

https://economy-news.net/content.php?id=26882

At The Meeting Of The Ministerial Council For Energy And The Minister Of Oil: The Sovereign Energy Fund Is A Guarantee Of The Rights Of Future Generations 

Tuesday 30 November 2021 12:26 | economic Number of readings: 277   Baghdad / NINA / - The Chairman of the Ministerial Council for Energy and Oil Minister Ihsan Abdul-Jabbar Ismail stressed the importance of approving the Sovereign Energy Fund project in financing long-term investment projects in the energy sector, in support of the national economy and guaranteeing the rights of future generations.

During his presidency of the council’s weekly meeting, he said, according to a statement by the ministry, that: The Sovereign Energy Fund project was one of the most important projects that were discussed due to its importance and goals that revolve around achieving justice in the distribution of revenues from oil and gas, and how to invest and develop them, through promising programs and projects, and plans Clear and commensurate with the great development in the world, including support for electric and renewable energy projects, and investment projects that aim to create clean, sustainable, environmentally friendly energy.

He pointed out that: This fund would achieve sustainable development by financing and supporting long-term investment operations in the energy sector, in addition to its importance in achieving flexibility in implementing energy plans and programs, as well as supporting and encouraging projects implemented by non-governmental sectors.

Ismail continued that: One of the fund's objectives is also to work to provide and cover the local need for electrical energy at the lowest cost, and in accordance with sound environmental standards.

He explained that: during its meeting, the Council also discussed the draft law on regulating renewable energy, which is one of the very important projects, as it was hosted by the Diwani Order Committee 54. He pointed out that: the law will work on developing a set of legislation and instructions that will regulate the renewable energy industry in the country, with an emphasis on the role of the concerned ministries. The subject matter is (environment, electricity, science and technology).

Ismail expressed his hope that this project will be approved after discussing it during the next parliamentary session, and it is one of the important projects that must receive the attention of the next parliament.

The Energy Ministerial Council discussed a number of topics on the agenda, and took appropriate decisions and measures regarding them./End 3    https://ninanews.com/Website/News/Details?key=941995

The Council Of Ministers Confirms The Authority Of The Federal Government Exclusively To Implement The Decision To Protect The National Product

Tuesday 30 November 2021 18:31 | political Number of readings: 58  Baghdad / NINA / - A spokesman for the Council of Ministers and Minister of Communications, Arkan Al-Shaibani, announced: "The Council of Ministers confirmed the authority of the federal government exclusively to implement the decision to protect the national product."

Al-Shaibani said in the weekly press briefing: “The Opinion Committee at the Ministry of Education has been authorized to hold a third round for third-intermediate students only, or not.”/ End 5

https://ninanews.com/Website/News/Details?key=942103

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

 https://www.bondladyscorner.com/

Zig’s Place Chatroom News Tuesday AM 11-30-21

Zig’s Place Chatroom News Tuesday AM 11-30-21

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

Butterfly   Oil is coming down and they are counting the votes. Happy about the oil coming down, scratching head about the votes, going into December and they are wondering who the hell is going to be in charge.

butterfly   The Omicron Strain Raises The Price Of Gold

Economic  Last Update 11/30/2021 | 2:12 PM   Gold prices rose today, Tuesday, after concerns about the impact of the “Omicron” strain of the Corona virus, which may be resistant to vaccines, supported the attractiveness of gold as a safe haven.

Spot gold rose 0.42% to $1,792.18 an ounce, while US gold futures rose 0.43% to $1,792.90 an ounce.

The head of Moderna Pharmaceuticals told the Financial Times that it is unlikely that vaccines against the Corona virus will be as effective against the new mutant “Omicron” as they are against the previous mutant, “Delta”. https://almaalomah.me/2021/11/30/567726/

Zig   All opinions are welcome here if done without attacking other members....attack a viewpoint and not the person giving it....simple though some can not do that.....

butterfly   29th November 2021 in Construction & Engineering In Iraq

From the World Bank:   Iraq: Rising Fiscal Risks, Water Scarcity, and Climate Change Threaten Gradual Recovery from Pandemic

Iraq's economic outlook has improved on the back of the recovery of global oil markets, with its GDP projected to grow from 2.6% in 2021 to over 6% in 2022-23. Nevertheless, without accelerated economic reform, unforeseen domestic and fiscal risks could cause reverses.

The World Bank's new Iraq Economic Monitor titled "The Slippery Road to Economic Recovery" finds the country's economic rebound partly aided by government moves to act on previously recommended reforms. Public transfers, as well as schemes aimed at increasing credit to businesses, had a small stimulus effect, leading to GDP growth of 0.9% in the first half of 2021, in contrast to a 16% contraction a year earlier.

Higher oil prices turned a fiscal balance of 2.2% in GDP surplus, boosting central bank reserves to almost US$55 billion (15 months of imports) in the first half of 2021. Recovery was to some extent curtailed by severe water shortages and widespread electricity cuts following historically low rainfall, impacting the agricultural and industrial sectors. Healthcare services also deteriorated amid a growing number of cases of COVID-19's Delta variant.

GDP from oil, still the main driver of medium-term growth in Iraq, is expected to rise in step with the gradual phase-out of OPEC+ production quotas, while non-oil GDP growth is forecast to remain under 3% in 2021-2023. Upstream risks could include oil shocks, droughts, and new COVID-19 variants.

butterfly  Potential problems could arise from fiscal and other risks, such as growing budget rigidities, the low clearance of arrears and the large exposure of state-owned banks and the central bank to sovereign debt, and the effect of public investment management constraints on public services. Progress on regional economic integration and security, however, could provide new momentum for growth and diversification.

Of key importance to Iraq is dealing with water scarcity and the degradation of water quality in its rivers and groundwater. The new Economic Monitor's special focus titled "Overcoming Water Scarcity and Climate Change Impacts," calls for dramatic sector reforms to capture opportunities and manage risks. A fall of 20% in Iraq's water supply and the related declining crop yields that could accompany climate change, could reduce real GDP in Iraq by up to 4%, or US$6.6 billion.

"Investing in climate smart water management practices provides a concrete opportunity to spur inclusive and green economic growth and development," said Saroj Kumar Jha, World Bank Mashreq Regional Director. "Without action, water constraints will lead to large losses across multiple sectors of the economy and come to affect more and more vulnerable people."

Iraq's water sector relies on highly centralized institutional architecture that creates coordination issues in resource management and service delivery. The sector suffers from a lack of financing (given existing constraints) as well as weak private sector participation and limited revenues from users. The Monitor identifies areas where reforms could improve Iraq's resilience to water scarcity and climate change-efficiency, productivity, and demand management policies; institutional solutions; and regional solutions.

Click here to download the full report. https://documents1.worldbank.org/curated/en/981071637593726857/pdf/Iraq-Economic-Monitor-The-Slippery-Road-to-Economic-Recovery.pdf      (Source: World Bank)

butterfly   A study expects the global economy to grow if global warming does not exceed 1.5 degrees Celsius

- 11 Minutes Ago A new study predicts that the global economy will grow by 2 percent by the end of the century if the world can keep global warming below 1.5 degrees Celsius.

According to Bloomberg News Agency, the researchers noted that most current predictions indicate that the world will exceed the 1.5 degrees Celsius limit for several years or decades.

To get back to the 1.5-degree mark and avoid permanent damage to ecosystems, carbon dioxide must be removed from the atmosphere on a large scale, a process known as net zero.

Study co-author Christoph Bertram, a climate impact researcher at the Potsdam Institute in Germany, said:

"In addition to protecting the planet, achieving net zero emissions, by completely eliminating greenhouse gases from human activity, will have long-term economic benefits."

In fact, global GDP could grow by more than 2 per cent, according to Laurent Drouet, another co-author and senior scientist at the CMCC climate research group in Italy.

Druitt said the calculations used in the study do not include the economic damage from climate change, which would be more severe above 1.5 degrees.

butterfly   The study warned that to stay below this limit, countries must strengthen plans to cut emissions under the Paris climate agreement.

The researchers added that the current pledges indicate slow steps in this regard, which must be significantly intensified.

According to the study, fundamentally changing the transport sector to support decarbonization is the key to success in this field.

The new study was published in the scientific journal Nature Climate Change.

Middle east https://rawabetcenter.com/archives/138685

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Butterfly   Kuwait confirms receiving $1.47 billion in war compensation from Iraq

2021-11-30 07:45

Kuwait confirms receiving 1.47 billion in war compensation from IraqShafaq News/ The National Bank of Kuwait reported today, Tuesday, that Kuwait has received $1.47 billion in war compensation from Iraq.

The bank said that “Kuwait received compensation payments from the United Nations Committee from Iraq for the war, amounting to 1.47 billion dollars (0.4 billion dinars) in April, July and October of this year.”

He added, “The remaining amount is 629 million dollars for final payment.”   shafaq.com

Butterfly   The rise in the price of the dollar with the closure of Baghdad markets

2021-11-30 07:39   The rise in the price of the dollar with the closure of Baghdad marketsShafaq News/ The exchange rates of the dollar rose against the Iraqi dinar, today, Tuesday, with the closure of the main stock exchange in Baghdad.

Shafak News Agency correspondent said that the Al-Kifah and Al-Harithiya Central Stock Exchanges closed in Baghdad at 147,900 Iraqi dinars, for 100 US dollars.

While the prices recorded this morning 147,800 Iraqi dinars per 100 dollars.

Our correspondent indicated that the buying and selling prices rose in the banking shops in the local markets in Baghdad, where the selling price amounted to 148,500 Iraqi dinars, while the purchase prices amounted to 147,500 dinars per 100 US dollars.   shafaq.com

Butterfly   Muqtada al-Sadr comments on the final results in three words

2021-11-30 07:34   Muqtada al-Sadr comments on the final results in three wordsShafaq News/ The leader of the Sadrist movement, Muqtada al-Sadr, commented on the final results of the early parliamentary elections that took place on October 10, on Tuesday.

“Thank you to the Electoral Commission,” Al-Sadr said in a very brief tweet on Twitter.

Earlier on Tuesday, the commission announced the final results of the early legislative elections, which were led by the Sadrist bloc with 73 seats, while the “Progress” coalition led by Muhammad al-Halbousi won 37 seats, and the State of Law coalition led by Nuri al-Maliki won 33 seats.

The Kurdistan Democratic Party came fourth with 31 seats, while the Al-Fateh Alliance led by the Secretary-General of Badr Organization Hadi Al-Amiri came fifth, with 17 seats, and the Kurdistan Alliance came sixth with 17 seats, with a difference in the number of votes between it and the Al-Fateh Alliance.

The “Azm” coalition won 14 seats, the Extension Alliance won 9 seats, and the New Generation Movement got 9 seats, while the “Canon Sunrise” got 5 seats, the National Contract got 4 seats, the state forces also 4, and the masses of our identity 3 seats, and the movement Three seats were also settled for Islah, the Iraq Turkmen Front one seat, while 16 political parties won one seat each, in addition to the independents winning 43 seats.

The Sadrist movement is seeking to form a majority government, not a consensual one, for the first time since 2005, but its efforts are being rejected by other Shiite forces that have lost many of their seats and reject the election results.   shafaq.com

butterfly   After 40 days of polling, the announcement of the final results of the Iraqi parliamentary elections

2021-11-30 07:30   After 40 days of polling the announcement of the final results of the Iraqi parliamentary electionsShafaq News/ The Independent High Electoral Commission announced on Tuesday the final results of the early legislative elections that took place on October 10.

The Chairman of the Board of Commissioners, Jalil Adnan Khalaf, said in a press conference followed by Shafak News Agency, “After the judiciary completed all the appeals, it made a change in the preliminary results, and it was one seat each in: Baghdad, Nineveh, Erbil, Kirkuk, and Basra,” to include the total of five seats that were changed .

He added that the total number of voters reached more than 22 million, adding that the number of voters reached more than nine million.

Khalaf explained that the number of voters in the elections amounted to 44 percent of the total number of voters.

The members of the IHEC read out the names of the 320 election winners in all governorates of Iraq, including the Kurdistan Region.

The Sadrist bloc topped the final election results by obtaining 73 seats, while the “Progress” coalition led by Muhammad al-Halbousi won 37 seats, and the State of Law coalition led by Nuri al-Maliki won 33 seats.

butterfly   The Kurdistan Democratic Party came fourth with 31 seats, while the Al-Fateh Alliance led by the Secretary-General of Badr Organization Hadi Al-Amiri came fifth, with 17 seats, and the Kurdistan Alliance came sixth with 17 seats, with a difference in the number of votes between it and the Al-Fateh Alliance.

The “Azm” coalition won 14 seats, the Extension Alliance won 9 seats, and the New Generation Movement got 9 seats, while the “Canon Sunrise” got 5 seats, the National Contract got 4 seats, the state forces also 4, and the masses of our identity 3 seats, and the movement Three seats were also settled for Islah, the Iraq Turkmen Front one seat, while 16 political parties won one seat each, in addition to the independents winning 43 seats. shafaq.com

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You can make the box much bigger by clicking this link ZIGPLACE - Cbox

KTFA Members "News and Views" 11-30-2021 "Any Time Mode"

KTFA:

Kuwait confirms receiving $1.47 billion in war compensation from Iraq

30th November, 2021

The bank said that "Kuwait received compensation payments from the United Nations Committee from Iraq for the war, amounting to 1.47 billion dollars (0.4 billion dinars) in April, July and October of this year." LINK

Deepwoodz:  $1.47 usd / 0.4 iqd = 3.675

ImoThe wording is clear. This ain’t no typo. Frank said they are paying their debts in dinar. Which in this article…..amounts to 1.47B dollars. 

Oh yea, and been goin on for a minute…building trust=value. Thank you FRANK!!!

Tell me it ain’t so!!!

Zeeman:  deepwoodz could that be possible

Deepwoodz:  Imo…If the article is accurate then YES. Since it’s from Kuwait I’d say they aren’t as adept at keeping Iraq’s secret as Iraq is. 

Besides, we’ve been taught here at KTFA that
1) they are paying using their currency
2) Supply and demand will demand trust which increases value
3) Don’t you have a gut feeling something HUGE is about to happen? I do. (HOLY SPIRIT)
4) Glory days
5) digital transformation complete
6) higher than 3? 4-5? I don’t know but CoM (Council of Ministers)  had a vote the other day about trade mechanisms between all importing and exporting countries and an audit.

 Sounds like a vote for another rate change to me.

At the very least it’s to confirm the past years results with the existing rate. Before the release maybe?     Results have been….silent.

Got to have an exchange rate to do international business.

The exchange rate will determine the prices of all imports and exports. 

7)etc…………………………

PS…..the more I consider the articles that mentioned things like trade exchange agreements, countries can have more than one exchange rate, dual books, secrecy, and the like, the more it seems to make sense.

Does this make sense? Keep the build up of the new rate secret from the citizens, and the world at large, until you have given that new rate time to stabilize and see if all your planning actually comes together successfully.(Before the announcement)

In other words, you have two rates for the last year. One that you use for trade that’s secret(high rate). This allows you to buy building supplies and do contracts to your advantage.

The lower rate has to stay until you know what you’re doing works. Prove it to the institutions that can make you or break you, like the IMF and World Bank. After all, you’re jockeying for the top spot and it’s important to the world. 

Just some thoughts as they begin to roll…

Popeye7:  Good analysis Deep... Imo... Before the end of the year for the release, (as others have declared on this forum), would be the most logical... In order to endure that they can hit the ground running in early 2022 with the new budget... So much happening right now that shows we are in any time mode... Again imo...

Samson:  After 40 days of polling, the announcement of the final results of the Iraqi parliamentary elections

30th November, 2021

The Independent High Electoral Commission announced on Tuesday the final results of the early legislative elections that took place on October 10.

The Chairman of the Board of Commissioners, Jalil Adnan Khalaf, said in a press conference followed by Shafak News Agency, "After the judiciary completed all the appeals, it made a change in the preliminary results, and it was one seat each in: Baghdad, Nineveh, Erbil, Kirkuk, and Basra," to include the total of five seats that were changed. He added that the total number of voters reached more than 22 million, adding that the number of voters reached more than nine million.

Khalaf explained that the number of voters in the elections amounted to 44 percent of the total number of voters.

The members of the IHEC read out the names of the 320 election winners in all governorates of Iraq, including the Kurdistan Region.

The Sadrist bloc topped the final election results by obtaining 73 seats, while the "Progress" coalition led by Muhammad al-Halbousi won 37 seats, and the State of Law coalition led by Nuri al-Maliki won 33 seats.

The Kurdistan Democratic Party came fourth with 31 seats, while the Al-Fateh Alliance led by the Secretary-General of Badr Organization Hadi Al-Amiri came fifth, with 17 seats, and the Kurdistan Alliance came sixth with 17 seats, with a difference in the number of votes between it and the Al-Fateh Alliance.

The "Azm" coalition won 14 seats, the Extension Alliance won 9 seats, and the New Generation Movement got 9 seats, while the "Canon Sunrise" got 5 seats, the National Contract got 4 seats, the state forces also 4, and the masses of our identity 3 seats, and the movement Three seats were also settled for Islah, the Iraq Turkmen Front one seat, while 16 political parties won one seat each, in addition to the independents winning 43 seats.  LINK

Godlover:  Excellent news today on their election results. Once approved by the Federal Supreme Court, sworn in & seated, will bring the security & stability their country needs & we want to see, to move forward. I am encouraged by the possibility of parliament passing the 2022 budget, God willing by the end of this year.

Also Iraq's debt with Kuwait is becoming more newsworthy as of late. Some articles mentioned completely paying them off by the end of this year. Things certainly are lining up for a possible 2022 budget opening up in early 2022.

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

Muqtada al-Sadr sends a brief message to the Electoral Commission after announcing the final results

30th November, 2021

The leader of the Sadrist movement, Muqtada al-Sadr, commented on Tuesday, after announcing the final results of the 2021 parliamentary elections.

Al-Sadr said in a brief message to the Electoral Commission via Twitter, followed by NRT Arabiya, (November 30, 2021), " Thank you to the Electoral Commission."

The Electoral Commission published, earlier, the final position of the number of seats for political parties and alliances in the Iraqi parliament, after announcing the final results of the elections.

 The Sadrist bloc topped the list with 73 seats, while the coalition won 37 seats, while the State of Law coalition won 33 seats, and the following is the number of seats for the rest of the alliances and political parties in the Iraqi parliament during the current parliamentary session.  LINK

5 Things You Can Learn From Previous Generations’ Money Mistakes

5 Things You Can Learn From Previous Generations’ Money Mistakes

by Mike Brassfield  Senior Writer  November 22, 2021

Let’s make it clear right off the bat: Your generation is the best generation, OK?  And no matter which generation you happen to belong to, there’s plenty you can learn from the financial mistakes of previous generations, who all behaved in financially unwise ways.

If you’re Gen Z, you can avoid the house-hunting regrets of millennials. If you’re a millennial, you can learn from the credit card disasters of Gen X. If you’re Gen X, there’s still time to avoid repeating the retirement mistakes of the baby boomers. And if you’re a boomer, hey, you already know everything, right?

Kidding, y’all! We’re just kidding! (Full disclosure: The writer of this piece is Gen X, so he doesn’t really matter.)

What can we learn from previous generations’ financial mistakes?

1. Gen Z? Avoid Millennials’ Regrets

If you’re Gen Z, you can avoid the house-hunting regrets of millennials.

A survey of homebuyers in 2017 found that 57% of millennial homeowners surveyed would have done something differently if they got a do-over on the home buying process. More than a quarter — 28% — wished they’d saved more before making the purchase.

It’s easy to automatically sock away some savings with an app like Aspiration. With a digital Aspiration account — a hybrid of checking and savings — you can earn up to 20 times the average interest on your savings balance. (The FDIC reports that the average account earns just .05%.) You also get a debit card that earns you up to 5% cash back on purchases.

You can automatically sock away some savings every payday. It takes five minutes to sign up.

2. Millennial? Avoid Gen X’s Credit Card Hell

So, we’re obviously not going to talk about millennials like, you irresponsible kids and your avocado toast. The fact is, elder millennials are pushing 40 these days. Millennials are middle management now.

So it’s not too late to avoid being sucked into the credit card hell that mauled Generation X so badly. And I say that as a member of Generation X.

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

https://www.thepennyhoarder.com/bank-accounts/generation-money-mistakes/?aff_sub2=homepage

"Coffee with MarkZ" Tuesday Morning Chat 11-30-2021

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

MarkZ Tuesday 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:  Hi Mark. Hope this our big week

Member: 4B ready to go!

Member:  Wed 12/01/21 could be our day!

MZ: We mentioned yesterday when I returned from vacation that Tier 3 is actually moving…I know there have been movement on groups. Some of the different nations have been paid.  We are even seeing some Zim groups with funds now, but I think it’s the banks offering to pay them (example) 10 million per 100T note when after the reset they know they can sell those same notes in the next week or so for over $30 million.

MZ: We are also continuing to see bond movement. I talked with folks this morning that have spendable money from Historic German bonds.

MZ: out west and Reno is just waking up…no news there yet…..

Member: I would be very upset if I was a whale sitting around since last week after they called me in to exchange. Chinese Elders also!!!!!

MZ: One thing I did notice is some of the chatter in the groups …a lot of folks are feeling worn down and beat up because we have not seen things yet. Havn’t seen the victory everyone wants….the golden moment when the take the bad guys out in chains and we get to go to the bank. I know it’s been tough guys.

Member: Sometimes it makes you wonder if the So called white hats are really different type of cabal ..w they’re delays and excuses …the excuses are limitless really

Member: It appears the white hats are doing things by the law books to Handle the deep state then once it’s complete we move forward with fair laws and justice and peace for humanity.

Member: I wonder ​Since bankers are giving fiat to large groups , are the bankers rats who will be benefiting from the reset?Or are these bankers good guys and not part of the Rothschild banking system.

MZ: I believe they have offered these groups a lower rate to move fiat money ahead of time in order to turn around and sell it for more. I think this is just about capitalism .

Member: Mr Trumptastic said the rate will be around $2.40 but may float up to 5 or 6 dollars

MZ: I do not believe we are going to see a float. At least not out of country. If you are in the country of Iraq You may see a float. I do not think you and I will see the float because we are covered by a contract…as explained to me by my bankers. If Mr. Trumptastic is correct though…I think it would float up immediately. We saw that when they released the Kuwaiti dinar at about $3 and within the course of a week or a week and a half it floated up to about $9 before settling back to the mid $3 range where it is today. 

Member: What about the IMF the CBI and Iraq were supposed to abide by today? Deadline is today. Got to be about 4-5pm there now.

Member: Mark is the announcement in Iraq going to happen today?

MZ: I know there is a serious push in Iraq to have the new rate before the sun rises in Iraq tomorrow.

Member: Thought it was really interesting that DinarRecaps article was talkin about the new credit cards that work in multiple currencies in the MIdEast.

Mod: YOU WILL RECEIVE THAT KIND OF CARD IN THE REDEMPTION CENTER

Member: Today.. Kuwait has received 1.47 billion in war compensation from Iraq!

Member: Does anyone know has the RV ever come this close before i mean bonds being paid and whales waiting in position?

Member: I don’t think we have ever been this close before.

Member: MarkZ, Congratulations for being the first investigative journalist worldwide, to report the true bonafide start of TIER 3, of the global currency RV. Great Work!

Member: Who are in tier 3?

Member: There are 5 Tiers of folks Exchanging. Tier 1-governments and royalty Tier 2-whales-elite with platforms of currency, corporations, etc. Tier 3-Admirals Group, American Indians, CMKX, large church groups (like the Mormons), etc. Tier 4-all the hundreds of thousands paying attention to intel - internet groups(all of us). Tier 5- those who never paid attn - the general public.

MZ: MZ: CMKX and PP’s should be the absolute last thing we see in tier 3 before tier 4 starts. I expect when tier 4a is going in, we will be making our appointments in tier 4b to exchange…….hours apart is all I have heard.

MZ: I still think we may be looking for an event….like a market crash of epic proportions and that literally can be any time…..For me, I think it started on Friday …I know the market futures right now are tanking so it really could be at any moment that we get our reset.

MZ: Buckle up- it’s awfully close.

Member: If we're waiting for the event, say it's in Iraq, wouldn't it be in the middle of the night? I've been taking extra naps, just in case

Member: A significant event and there are so many possibilities right now. I’m thinking that when 4 B starts which we hope is imminent an event will have to happen for RV to go through

Member: This thing is supposed to be event driven. And how many events have come and gone and nothing has happened. Just what event are they looking for. I sure hope that this come to a finish for us soon

Member: Feels kinda funny to be hoping for a market crash.

Member: well it is another bad day around the globe on the market and not to good here in the US

Member: market currently down -285.88

Member: premarket it was down over -400.00 points

Member: Dow is down about 2600 points from the high

Member: the housing debt here in the US is about 4-5 Xs worse then it was in 2008. They can't continue to hide it and support forever. This debt isn't going away.

Member: when you combine our housing debt with what's going on in China, then the market could easily drop all around the world. It will be the biggest market crash in history.

Member:  I have every belief that this RV will come to pass soon. There's just too many anomalies happening around us that are unprecedented - history in the making, my friends!!

Mark, if currencies are going be at 1-1 parity, how can 1 dong be worth $2.40 USTN?

Member:  It will eventually go to  1-1 ……after RV

MZ: Great question ….You RV first and then you reset. There is a time period where you get the true value figured in and then you move to parity….If you did it the other way around they would never attain their proper value. We always expected a revalue then a reset…..to see the proper value first and then the reset where all currencies are on parity of about 1 to 1. So we RV then move to parity with a gold/asset backed currency.

Member: Our BANKER ADMITTED that QFS is SET UP but all the employees are frustrated because it's so much different & a tough learning curve

Member: think my bank will be a redemption center. They have Digital Banking podiums with 7 different accounts set up inside :)

Member: Mark, are you thinking next week then, based on all the things that need to be done?

MZ: I have been wrong before but, I don’t know if the market will make it out of this week based on all the fundamentals. All the indicators are showing the markets should be bleeding right now but it seems to be consolidating ….doesn’t make much sense. Wallstreet has disconnected from mainstreet a while ago and does not behave like it should. This tells us how manipulated it is.

Member: CMKX news?

MZ: No specific CMKX news. I know they are prepared and ready for someone to pull that trigger.

MZ: Several of you sent me this article from Recaps last night which is fantastic. It’s an old article of a “Confession of a paid internet shill” . These people are sent into rooms or paid to go onto sites to bring doubts, to sow dissent, to get you guys to throw in the towel and sell your currency…the ultra wealthy out there want you to give up….they do not want to share their first class stuff with any of us…... If you don’t think they are in our rooms…you are absolutely nuts. Think for yourselves. These shills are trying to change the direction of your thoughts. I think the timing of this article was perfect.

Member: mark, thank you for your videos. people are needing support/ each other, more than EVER.

Member: Patience is a virtue I am possessing more and more lately. Every downside has an upside! LOL

Member: See everybody tonight for hopefully another big update.

Dr. Rich joins the stream at the end…please listen to the replay for all of his information…..

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

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

Youtube:    https://www.youtube.com/watch?v=MQv-ahD8uNw