Iraq Economic News and Points To Ponder Late Friday Evening 6-7-24

Iraq Economic News and Points To Ponder Late Friday Evening 6-7-24

In Numbers: The Decline In The Value Of The Reserves Of The Central Bank Of Iraq

 Economy | Yesterday, 16:10 |  Baghdad Today – Baghdad   Economic researcher Manar Al-Obaidi revealed today, Friday (June 7, 2024), a decline in the value of the Central Bank of Iraq’s total foreign reserves by 2.4%.

 Al-Obaidi said in a statement, received by “Baghdad Today,” that  “the official reserves of the Central Bank of Iraq declined in the fifth month of the current year compared to the end of 2023 by 2.4%, so that the value of the official reserves decreased from 147 trillion dinars in 2023 to reach 143 trillion at the end of the fifth month of the year.” current". 

He pointed out that  "the Central Bank's gold reserves increased by 16% compared to 2023, bringing the value of the gold reserves to 14.3 trillion dinars, up from 2023, when the value of the gold reserves at the end of last year was 12.3 trillion dinars." 

Al-Obaidi added, "As for the investment reserve, it decreased by 4.68% compared to the end of 2023, and its value this year reached 126.4 trillion dinars, after  it was at the end of last year at a value of 132.6 trillion dinars."   

 https://baghdadtoday.news/251067-بالأرقام.-تراجع-قيمة-احتياطيات-البنك-المركزي-العراقي.html    

OPEC Plus Assurances Raise Global Oil Prices

Economy | 09:34 - 06/07/2024   Follow - Mawazine News  Oil prices rose today, Friday, as assurances from OPEC Plus members Saudi Arabia and Russia indicated readiness to halt or cancel production increases, but the markets are heading towards incurring losses for the third week in a row.

Brent crude futures rose two cents to $79.89 per barrel, and US West Texas Intermediate crude futures rose four cents to $75.59.

Prices rose yesterday, Thursday, when Saudi Arabia and Russia tried to reassure the markets about production agreements, but oil is on its way to recording losses for the third week in a row.

The Organization of the Petroleum Exporting Countries and its allies, including Russia, agreed to extend most of the production cuts until 2025, but they left the way open for eight members to gradually cancel the voluntary cuts.

Saudi Energy Minister Prince Abdulaziz bin Salman said yesterday, Thursday, that the OPEC+ alliance can stop or cancel production increases if it finds that the market is not strong enough. https://www.mawazin.net/Details.aspx?jimare=249292

An Economic Expert For Nina: Reducing The External Debt To 9 Billion Dollars And Reducing The Budget Deficit Will Be The Beginning Of Broader Economic Activities In Iraq.

Friday 07, June 2024 14:11 | Economical Number of readings: 377  Baghdad / NINA / Economic affairs expert, Raad Tawij, confirmed that the actions and achievements of the Prime Minister give flexibility to the Iraqi economy, indicating that reducing the external debt to 9 billion dollars and reducing the budget deficit to 63 billion dollars will be the beginning of broader economic activities.

Tawij said in a statement to the National Iraqi News Agency ( NINA ): “The role of the Prime Minister and his work in developing infrastructure, roads and bridges, health projects, productive diplomatic relations, and his interests in communicating with different social segments, give great scope and flexibility for the Iraqi economy to move to greater extents.”

He stressed . “Reducing the external debt to the lowest possible amount, approximately 9 billion dollars, and reducing the budget deficit to 63 billion dollars will be the beginning of broader economic activities, the most important of which is the road to development.”/  https://ninanews.com/Website/News/Details?Key=1131180

A "Strategic Partnership" Between The Kurdistan Government And The International Development Bank

Time: 06/07/2024 13:59:06 Read: 1,196 times  {Economic: Al-Furat News} The International Development Bank signed a partnership contract with the Kurdistan Regional Government to implement the “My Account” project, which aims to localize the salaries of regional government employees.

This important step came in conjunction with the bank’s efforts to expand in the region, as part of its strategic plan that aims to enhance its business and increase the number of its branches in the region, which currently number 3 branches.

This partnership is a major achievement within the framework of efforts aimed at spreading and strengthening the culture of electronic payment and achieving financial inclusion, in implementation of the directives of the Central Bank of Iraq.

The International Development Bank aims to continue its efforts in the field of disseminating electronic payment methods in the region, by activating more ATMs and the bank’s POS points of sale. The bank also intends to open its fourth branch in the region during the current year.

Aziz Ahmed - Deputy Director of the Office of the Prime Minister of the Kurdistan Regional Government praised the efforts of the International Development Bank and its contribution to developing the financial system of the region, by providing various facilities and financial services that contribute to achieving this purpose.

For his part, Ziad Khalaf, Chairman of the Board of Directors of the International Development Bank, stressed the importance of signing this partnership with the Kurdistan Regional Government to localize the salaries of regional government employees and provide all the facilities that contribute to achieving this goal smoothly and with great flexibility.   LINK

 Baghdad Praises Its Financial Budget And Confirms: We Have Important Projects In 2024

Reconstruction and building  Economy News – Baghdad  Today, Friday, the Governor of Baghdad, Abdul Muttalib Al-Alawi, announced a package of projects in various sectors within the budget for the current year 2024, while confirming that the governorate’s allocations in the budget were good.

Al-Alawi said, “The financial allocations to Baghdad Governorate within the current year’s budget, 2024, are good,” explaining that “the government and the Parliamentary Finance Committee have an understanding and knowledge of the real needs and required resources in Baghdad.”

He added, "There is continuous communication with the government to meet the special needs required for the projects that will be implemented."

He pointed out that "the governorate has several important projects during the 2024 budget, including projects in the water sector and building schools and roads, as well as the construction of pedestrian bridges that will be implemented in all areas of Baghdad, the paving of main roads, and strategic projects for sewers at the four entrances to the capital, in addition to the almost completed hospitals, which are “Health centers and strategic water projects will be opened soon.”

He stressed that "all project packages will be placed on the list of priorities of Baghdad Governorate in stages of implementation, whether within last year's 2023 budget or in the 2024 budget."

140 views  Added 06/07/2024 - https://economy-news.net/content.php?id=44096

To read more current and reliable Iraqi news please visit :  https://www.bondladyscorner.com/

Provoking Thoughts and Points To Ponder On Adversity:

Every failure made me more confident. Because I wanted even more to achieve things, as revenge. To show that I could.  - Roman Polanski

Adversity is, to me at least, a tonic and a bracer.  - Sir Walter Scott

Difficulties should act as a tonic. They should spur us to greater exertion.  - B. C. Forbes

There are times in everyone's life when something constructive is born out of adversity ... when things seem so bad that you've got to grab your fate by the shoulders and shake it.  - Anonymous

Brave men rejoice in adversity, just as brave soldiers triumph in war.  - Marcus Annaeus Seneca

http://famousquotesandauthors.com/topics/adversity_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html

MilitiaMan: Iraq Dinar-IQD Update-PM Al-Sudani-Digital Payments-AMF-High Quality Currency-Increase Gold Reserves

Iraq Dinar-IQD Update-PM Al-Sudani-Digital Payments-AMF-High Quality Currency-Increase Gold Reserves

MilitiaMan and Crew:  6-7-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=_ob8qen9kE4

KTFA Fri. Night CC: ”FRANK26…..6-7-24…….I LIKE THINGS IN THREES”

KTFA

Friday Night Conference Call

FRANK26…..6-7-24…….I LIKE THINGS IN THREES

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=Vb-MMHIQtPM

Goldilocks' Comments and Global Economic News Friday Evening 6-7-24

Goldilocks' Comments and Global Economic News Friday Evening 6-7-24

Good Evening Dinar Recaps,

Family Office Update: Exchange Act Form 13F – New Requirements Effective July 1, 2024

In a nutshell, Section 13(f) requires any “institutional  investment manager” that exercises investment discretion  over the accounts of any other person holding “section  13(f) securities”3 with an aggregate fair market value of at least US$100 million to make certain periodic filings with  the Securities and Exchange Commission (SEC) on Form  13F. Section 13(f) applies to all “institutional investment   managers,” regardless of whether they are registered as  investment advisers under the Advisers Act.

Therefore,  a family office, even if it is not required to register under  the Advisers Act, may nevertheless be an “institutional  investment manager” for purposes of Section 13(f), and  therefore be required to make filings on Form 13F.

Reporting obligation that will become effective on July 1,  2024. Each Form 13F filer will now be required to make an  annual filing on Form N-PX to disclose its votes on any pay-related proposals presented to stockholders by the public  companies in its investment portfolio.

Although Form 13F only requires reporting in respect  of “section 13(f) securities” (as identified on the SEC’s  quarterly Form 13F List), Form N-PX reporting is not limited to  securities on that list, but it applies to pay-related votes cast on  all securities registered under Section 12 of the Exchange Act.

Family offices that are required to file Form 13F will need  to develop procedures to identify and keep a record of any  pay-related proposals that are presented at their portfolio  companies’ stockholder meetings – and how they cast their  votes – so that they will be able to make accurate and timely  filings of Form N-PX, which must be made annually by August  31 of each year, covering the filer’s say-on-pay voting record  9+ for the 12-month period ended June 30.

Form N-PX filings will be available to the public through the SEC’s website.  Squire Patton Boggs  SEC

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Model Portfolios by J.P. Morgan. | J P Mprgan

Asset Managers will play a larger role in the new banking system offering you new opportunities going forward.

Several portfolio options have changed that include Digital Asset opportunities explored and powered by artificial intelligence guidance.

Many of our new portfolios will include artificial intelligence guidance that outlines a path forward for investors depending on their personal needs.

The ability to invest in Quantum Technologies will offer higher yield percentage rates for those who invest in the new technical sciences.

Digital Asset opportunities that move through the market/banking system will be available for those who want to use the new and improved updated tokenized asset market to invest in Bitcoin and other assets without the responsibility of holding the coins themselves.

The new banking system is run off of a Digital Ledger Technological System. Because of these changes, artificial intelligence will play a larger role in the banking system than before. You may see less workers in a bank and more personal wealth managers known as relationship managers.

It is important for us to know and be known by our relationship managers in the banking system going forward to receive personal guidance that we once received in other ways in the past.

© Goldilocks

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IBM and Pasqal Initiate Collaboration to Define Classical-Quantum Integration for Quantum-Centric Supercomputers |  The Quantum Insider

IBM and Pasqal announced their intent to partner to develop a common approach to quantum-centric supercomputing.

The teams will also promote application research in chemistry and materials science.

The two companies share the vision for a common approach to integration based on open-source software and involvement in the technical community.

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Quantum startup Pasqal partners with US competitor IBM to develop ‘quantum-centric supercomputing’  |  Sifted

"Paris-based quantum computing startup Pasqal is joining forces with US tech giant IBM to work on technologies that combine the capabilities of quantum and conventional computers.

The two companies are usually portrayed as competitors: Pasqal is one of Europe’s best-funded startups building quantum computers, while IBM has poured billions into the technology and is considered a leader in the sector. 

But they are now set to collaborate to develop what is known as ‘quantum-centric supercomputing’ — a term coined by IBM to describe the integration of quantum and conventional computations within a single workflow to make the most of what each technology is best at."

In other words, traditional computers of the past are joining forces with the quantum computers of the future. You could say that the computer industry is getting an upgrade.

It is very similar to what is happening inside the new Digital Financial System. Traditional Banking is being upgraded into a new Digital Asset Based Trading System.

It is amazing how our lives are changing so rapidly at this point. The movement into a technological creative age has just begun.

© Goldilocks

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IOTA has launched its L2 EVM network focusing on real-world asset usage | CoinJournal

IOTA launches layer 2 EVM or Ethereum Virtual Machine network, integrating real-world assets and boosting DeFi.

The newly launched EVM network features smart contracts, cross-chain capabilities, and MEV or Price manipulation protection."

IOTA is the first distributed ledger built for the “Internet of Everything.” it is a network for exchanging value and data between humans and machines.

This digital network exchanges value assets on just about anything you can think of that is tokenized. This includes just about any goods and services products you can think of going forward.

Iota is the backbone of Web 3 decentralized transactions. It records data transfers on items of value between institutions and people.

This network is designed to build digital trust between monetary transactions in the new technological age.

© Goldilocks

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Technology and Gold are merging together forming new alliances/digital networks that move money electronically enabling standard digital protocols for tokenized assets and their payment systems governed by artificial intelligence.

© Goldilocks

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Institutional Investor: Who They Are and How They Invest | Investopedia

An institutional investor is a company or organization that invests money on behalf of clients or members.

Hedge funds, mutual funds, and endowments are examples of institutional investors.

Institutional investors are considered savvier than the average investor and are often subject to less regulatory oversight.

The buying and selling of large positions by institutional investors can create supply and demand imbalances that result in sudden price moves in stocks, bonds, or other assets.

Institutional investors are the big fish on Wall Street.

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Bretton Woods Project IMF Reforms Announcement | Bretton Woods Project

After long awaited negotiations, the IMF concluded its 16th General Review of Quotas with no meaningful reform to shift the balance of power in favour of emerging economies to ensure a more accurate representation of countries in the global economy. 

This reform agenda would include the following points:

* Reform of conditionality to make it more flexible;

* A reduction in the costly surcharges applied to large and longer-term lending;

* A bolstering of concessional financing for low-income members;

* An increase in the overall resources available to the Fund by making the future roll-back of borrowing lower than the quota increase approved in December 2023;

* A higher proportion of basic votes to increase the voting power of smaller nations;

* A third chair for Sub-Saharan African countries in the executive board;

* A fifth deputy managing director position to ensure a greater presence of middle- and low-income in the IMF’s administration.

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#VinceLanci : #BRICS mBridge Platform Goes Live | Youtube

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LIVE: White House Riot fences going up late in the evening. | Youtube

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XLM, XRP, and XDC are utility tokens. Utility tokens are backed by a physical asset.  

10 cents, 49 cents, and 3 cents a coin are not bad prices for precious metals.  😉

© Goldilocks

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Thank you Dinar Recaps

“Enough Talk... Let's See Some Action!” by Dr. Dinar

From Recaps Archives

Thank you Dr. Dinar!!!

Enough Talk... Let's See Some Action! by Dr. Dinar

I don't know about you but I'm pretty much done.

To the point where I'm done hearing it's done.

As in everything's done.

Done... duh duh duh DONE!

Like, really done.

Done to the point where there's nothing left to do.

Nothing left to do because it truly is done.

That's definitely closer to my definition of the word done.

Admittedly, I like everything I eat to be well done.

Even to the point of refusing to eat Sushi unless it's well done.

So, perhaps I'm a bit more demanding when it comes to the true definition of the word done.

Nevertheless, it shouldn't be all that difficult to determine the difference between done and close to done but not actually done, therefore it's not done.

First place to start might be with the persistent rumors continually permeating all throughout Dinarland.

Rumors of everything being done.

How long have we been hearing that.

Seems to me, according to my Dinarland calendar, it's been done for at least the last two years.

And yet, here we are.

Not done.

Would we be hearing all these rumors if indeed everything truly were done?

Not likely.

On second thought, we might still be drowning in rumors but chances are they'd have a more post-process, after the GCR kind of feel to them as opposed to the same ol' this is our week or it's gonna pop this Saturday night or we're only expecting to do one more call, our Celebration call kinda rumors.

So please, don't get me wrong.

I'm not expecting Dinarland to go completely rumorless overnight.

i mean, let's not get crazy here.

But wouldn't it be nice to hear a different batch of rumors for a change.

An extremely welcome change to say the least.

Well, I for one would certainly love it anyway.

Even better yet, I'd enjoy seeing that it's done based solely on the number of zero's in my bank account.

That's the kind of proof I'd enjoy seeing.

As it is now I'm still unable to make a trip through the In-N-Out drive thru and order a Double Double with grilled onions, well done, and have any means of paying for it when it's done cookin', all wrapped up and ready for release.

Until that day comes, it's still not done.

And while I'm on the subject of phrases I can hardly wait to never hear again, let's start with it CAN happen today.

Sheesh, give it a rest.

As far as I'm concerned it could've happened any day over the past one thousand days.

Yes, I'm more than aware that they needed to reinvent the current banking system to accept the GCR formula as well as numerous other changes required to release the GCR.

But you get my drift.

Enough with the talk.

I'm ready for some action.

I want to know it WILL happen!

As in today.

Or any other day ending in "y".

Even better yet, I'd love to hear that IT HAS HAPPENED!

As in past tense, check your emails, make your appointment, grab your "To Go" bag and get to the Exchange Center ASAP!

Is that too much to ask.

Just a factual confirmation of completion, in whatever form it comes.

Be it an email, a barrage of posts all throughout Dinarland or a Piper Cub draggin' a giant banner across the sky with a 1-800-CALLNOW number plastered on it.

At this point, I'm not about to be picky.

I'm open to most any form of communication.

Make it a fortune cookie.

Why not a clever saying on a Starbucks cup.

Heck, at this point I'll settle for a homing pigeon with a Post-it note taped to its leg.

What I'm trying to say is I'm flexible.

Whatever it takes, just send me a for real signal of this thing having reached the end of the line.

Of actually reaching a conclusion.

Actually being concluded.

As in DONE.

Talk is cheap.

No more rumors.

We don't need any more stinkin' rumors, regardless of whose super secret source supplies 'em.

We need action.

Action, leading to results.

Results resulting in our receiving our exchange instructions.

I've pretty much had enough of the boy crying wolf.

To the point where I'm ready to sic the wolf on him and let him eat, just to get the kid to shut up.

As I mentioned earlier, enough already.

We've lived through the rumor stage of this adventure for far too long.

It's time to begin the action phase.

As we've always been told, actions speak louder than rumors.

And after all, isn't that exactly what a rumor is.

A bunch of words lined up in the form of a sentence, completely void of all action.

In other words, just words.

And words don't pay the bills.

So to whomever it may be that's supposedly working feverishly on completing the GCR, forever claiming we're close, please feel free to call it "close enough" and dispatch the "GO" email ASAP!

And to those out there rumored to still be throwin' wrenches, please feel free to close the lid on your toolboxes and call it a day.

You have to know when enough is enough.

And let's face it, enough is enough.

We all know this GCR thing is going to happen eventually, the rest of the world has committed to it.

Why not do the right thing by all involved and go ahead and release it.

Then we can all move on to something much more interesting.

Like life beyond Dinarland.

Hang in there folks.

According to the latest rumors, we're right on top of this thing and it has to happen soon.

If not, the entire global economy will crash.

And supposedly they don't want that to happen.

Or do they.

Who knows what they want.

Who even knows who "they" are.

Chances are they don't even know who they are, nor what they want.

Maybe that's why they can't seem to get anything accomplished.

They have no idea what it is they're supposed to be doing.

This thing is so compartmentalized that they forgot to create the "GO Signal"  Department.

At this point, anything's possible.

Anyway, don't let the rumors get you down.

Just do your best to hang in there, no matter what it takes.

Kindly,

Dr. Dinar

Disclaimer; I'm not a Wealth Manager, Financial Advisor, CPA, Tax Attorney, RV/GCR Committee member, a Federale of the Spanish Mounted Police, nor am I in search of the treasure of the Sierra Madre. I'm simply someone that chooses to believe in the power of positive thinking and on the odd chance this thing truly is real, I want to make sure I'm there at the finish line to enjoy it.

More News, Rumors and Opinions Friday Afternoon 6-7-2024

Ariel :what’s happening

Anyway aside from this whatever news we have something noteworthy coming up. The end of the Petrodollar on June 9th. Which means the chickens will come home to roost. Because all transactions will be dealt with through oil contracts in national currency. 

This will empower Iraq to denominate all contracts or trade deals in their currency. Which will raise the value significantly. Remember once we are officially on the gild standard the National Dept will be on the fiat USD. 

Not the new US Treasury Bills. But even without that we still have 45 states that made gold/silver legal tender exempt from any taxes. This is documented.

So whatever is going on with the National Debt will be for the old regime. That's not our money. We will phase those old Federal Reserve notes out for new currency eventually.

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man  Article:  "The Iraqi budget is moving toward 'publishing and disbursing' without presidential approval"  There is no need for the President to approve the budget schedules, as the Budget law was passed in June 2023. When it was approved then it allowed for the Government to amend the budget. The HoR gets to distribute the operational and investment expenses, allocations, and financial dues to ministries, institutions, bodies and government agencies in addition to disbursing to the governorates' dues that are specified in the budget tables.

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  Television is showing Sudani is asking questions about 57 trillion that was left over from the '23 budget and nobody seems to know where this money is...There is no end to the corruption.  Obviously, our leader Sudani is protecting the monetary reform by not exposing the new exchange rate to these bad people.  FRANK:  57 trillion dinars is missing from the budget of '23?  ...Let's pray that he can find that money because if I was Sudani I'm not going to release any exchange rate.  I'm not going to do anything with the contracts.

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

KTFA:

Carey:  The 57 trillion missing does not bother me. Sudani is a very smart man and I believe he has known about this for some while. And I am not concerned about this happening again due to the banking reforms and electronic payment structure in place. Every dinar will be accounted for going forward.

But I believe he made it public to let them (parliament) know that he (Sudani) knows what's been going on and that he will hold them accountable for what has taken place. I am still very excited about what is happening.

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

Clare: Baghdad praises its financial budget and confirms: We have important projects in 2024

6/6/2024    Baghdad

Today, Friday, the Governor of Baghdad, Abdul Muttalib Al-Alawi, announced a package of projects in various sectors within the budget for the current year 2024, while confirming that the governorate’s allocations in the budget were good.

Al-Alawi said, “The financial allocations to Baghdad Governorate within the current year’s budget, 2024, are good,” explaining that “the government and the Parliamentary Finance Committee have an understanding and knowledge of the real needs and required resources in Baghdad.”

He added, "There is continuous communication with the government to meet the special needs required for the projects that will be implemented."

He pointed out that "the governorate has several important projects during the 2024 budget, including projects in the water sector and building schools and roads, as well as the construction of pedestrian bridges that will be implemented in all areas of Baghdad, the paving of main roads, and strategic projects for sewers at the four entrances to the capital, in addition to the almost completed hospitals, which are “Health centers and strategic water projects will be opened soon.”

He stressed that "all project packages will be placed on the list of priorities of Baghdad Governorate in stages of implementation, whether within last year's 2023 budget or in the 2024 budget."   LINK

Saudi Arabia Joins China-Led Digital Currency System As Russia Welcomes Turkey To BRICS

Dean Foo:  6-7-2024

In a big update, Saudi Arabia just joined the BIS & China's new digital currency project, mBridge.

This is a signal that de-dollarization is accelerating and a new financial system outside the West is building fast.

Meanwhile, Russia is welcoming Turkey's desire to join BRICS. This is historic because a NATO member wants to join the Global South, another big risk to the dollar

 Here's what you must know.

Timestamps & Chapters:

0:00 Saudi Joins China's Currency System

3:01 A New Financial System Rising

 5:39 China's Anti-Dollar Strategy

 8:40 Turkey Wants To Join BRICS

 11:08 De-Dollarization Escalates

https://www.youtube.com/watch?v=xOfW2M8maIg

The Financial Reset Feat. Bill Holter

The Financial Reset Feat. Bill Holter - LFTV Ep 176

Kinesis Money:  6-7-2024

In this week’s episode of Live from the Vault Andrew Maguire is joined by popular returning guest Bill Holter, former stockbroker and branch manager turned precious metals expert and Miles Franklin contributor.

The old friends discuss the shadowy movements operating behind the scenes to reset the world’s financial system, and how individuals can take steps to protect themselves and their families from coming troubles.

Timestamps

 00:00  Start

 02:35  How Bill is preparing himself for the future

 06:45 What’s been going wrong for the Fed since 2008

11:10 The BRICS Alliance threat to the globalist agenda

 16:50 The upcoming US election

20:45 Is the West pushing for World War 3?

25:30 How to take responsibility for ourselves in these times

 30:00 The Sound Money Movement

 34:30 Silver leading the rally

 40:45 Are there still opportunities for people? Yes

 43:00 What about Bitcoin?

https://www.youtube.com/watch?v=w_5A3BdUbQQ

Bruce’s Big Call Dinar Intel Thursday Night 6-6-24

Bruce’s Big Call Dinar Intel Thursday Night  6-6-24

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It is Thursday, June 6TH and you’re listening to the big call. Congratulations everyone out in big call universe that’s getting this call through the Starlink satellite system, because we are piggybacked on that. And the estimated number of participants that would hear this call tonight was estimated at 25,000,000 - 25 million.  So that’s a good number Let's hope we get that many that actually hear it, either in English or their own language. And usually it happens that we're simultaneously translated into their language three seconds after I speak it. So that's pretty quick – that’s  working along nicely.

So let's do this, you guys. Let me first of all, welcome everybody to the call tonight.  I hope everybody is doing well and looking forward to a change with our plan B, and I'm looking forward to it, so I'll have something to say about that in my segment. In the meantime, let's go ahead and pray the call in –

All right, let's talk a little bit about where we are from an Intel point of view. Now as you guys remember from Tuesday nights call – there’s always something and something will change  - and that’s kind of what we had  Tuesday night. We're talking about Iraq putting their budget, 20 24 budget in the gazette  yesterday, Wednesday. And of course, I thought that would be the case. Then I get a call  right after the big call Tuesday night.  Telling me – well - Sorry, what about we play until Saturday?

So that's what two days from now, and we put in the Gazette, and that way everybody in the Middle East will see the budget, see the rate of the Dinar in the budget, especially, it's going to be out and open. We're also hearing that June 8. As you guys know, eighth is a big number for Iraq, but also  China -- they love that. They love to see that rate. It's a number that means financial prosperity and new beginnings, and it's going to be that for us too.

So the RV itself is going to start on Saturday the 8th , and the funds that we are having moving around for our accounts and the bond holders are moving on Sunday in the right locations for that.

Now what’s Interesting is bondholders. Some of them are seeing emails already and have told they should have access to their account. But it looks like – unless there is an change.  It looks like we're going on a modified shotgun start with bondholders getting their funds, access to their funds on Monday morning, and we should get access to our funds as early as Monday morning based on how soon we set our appointments, and what I'm being told is first appointments would start as early as 10:30 in the morning, 10:30am on Monday.

But in order for that to happen, we need to get notified by email  from Wells Fargo, and this could be Sunday night. We could get them overnight Sunday we could wake up to them Monday morning, that's very possible, and then we're able to read the email and go ahead and call and set our appointments accordingly - 

So even though it's not going to be exactly the shotgun start - It's going to be close as bond holders  should have access to their funds Monday morning, at 10:30 in the morning, we should have access to our funds when we set our appointments to go in for our exchanges of our currency and our redemption of zim -- All of that is lined up to start as early as 10:30 in the morning on Monday -  which is the earliest  start we've ever had for anticipation of exchanges – So that will be really good  for us.

Otherwise, we'll get our numbers and we'll set the appointment for sometime Monday. Could be Monday, Monday evening, whatever. But it looks like the funds that are going to be needed for our accounts are going to be moved around on Sunday.

Same thing for the bondholders, all the funds they put in place on Sunday, and then they have access to it their email to say, 1030 in the morning on Monday, you can have access to your account .

So that's what we anticipate for tier three bond holders, and for us, we're expected to be notified, maybe overnight Sunday, maybe wake up to it Monday morning. Go ahead and set your appointment and then go into Exchange based on your availability and schedule on Monday or Monday afternoon

So that's what I'm looking forward to doing. We know that rates are still climbing and moving in the right direction. We know that the banks are ready for us. There is a quote, unquote cap, which is not there is a limit on the Iraqi Dinar contract rate, and I think they'll offer us that rate –

 If not, you should ask for that rate. And it's substantial, it's a lot, so I'm going to ask for it. My Dinar - I don't really don’t have too much on the table -  even if you're a zoom holder, even if you have blah blah blah – you’re going to be able to ask for a nice contract rate Vn Dong, but I believe you'll be able to negotiate that rate upwards a little bit, for what they first offer you  so be aware of that.

I wish I could go over the rates with you and take that I'm really not supposed to. So all I can say is it would be good to navigate that with the person at the redemption  center and  see what you can come up with as a viable rate to exchange to.

Be ready for very early this week, whether it be Saturday, Sunday, I don't think so, but I believe Monday is the day that we're supposed to really look at those emails and get notified, set our appointment and go what I wanted to brief you guys tonight. It was different than Tuesday nights, until I think it's going to be good for us to pay attention and take advantage of that.

But let's do this. Let's continue to believe for this. Let's pray for it, and let's pray for each other's healing

Let's pray now, Lord God, thank you for the the information we received tonight from Sue and Bob, everything that we learned on the call. Thank you for coming in everything that we're continuing to get. Thank you for everything that's been happening our lives. Thank you for the additional information that's coming in. Thank you for making this manifest to us. On Monday, we would get numbers and be able to set our appointments on Monday, because of Jesus name we pray.

Bruce’s Big Call Dinar Intel Thursday Night 5-30-24   REPLAY LINK   Intel Begins   50:20

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Bruce’s Big Call Dinar Intel Tuesday Night 6-4-24   REPLAY LINK   Intel Begins   56:00

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Bruce’s Big Call Dinar Intel Tuesday Night 5-28-24   REPLAY LINK   Intel Begins   1:08:00

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Bruce’s Big Call Dinar Intel Tuesday Night 5-14-24   REPLAY LINK   Intel Begins   1:10:00

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Bruce’s Big Call Dinar Intel Thursday Night 5-9-24   REPLAY LINK   Intel Begins   51:51

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Bruce’s Big Call Dinar Intel Tuesday Night 5-7-24   REPLAY LINK   Intel Begins   1:05:15

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5 Common Emergency Expenses — And How Much They Cost on Average

5 Common Emergency Expenses — And How Much They Cost on Average

Cindy Lamothe    GoBankingRates  Fri, June 7, 2024

One thing in life is certain: things are unpredictable unimaginable ways. While you can’t know what the future holds, you can plan for it. Because being unprepared can drain your emergency fund empty and leave you in the poor house.

“If your car breaks down, the cost to fix it can vary greatly,” said Melanie Musson, a finance expert with Clearsurance. “If you have a flat tire, you may need to replace all your tires, which will cost about $600 or more. However, you can expect to pay $2,000 or more for a replacement if your transmission goes. A new radiator will cost around $1,000. If you need a new battery, you have an easy fix for about $100.”

Justin Godur, financial expert and CEO of Capital Max, says understanding these common emergency expenses and their potential impact on your finances is essential for effective financial planning.

“By anticipating these costs and preparing accordingly, you can protect your financial well-being and avoid significant stress during emergencies.”

Below, experts outline exactly how much some of these common emergency expenses will cost you on average.

Car Breakdown

“A car breakdown is one of the most frequent and costly emergency expenses,” Godur said. “The average cost for a major car repair, such as a transmission or engine replacement, can range from $3,000 to $7,000.”

He says even minor repairs, like fixing a brake system or replacing a fuel pump, can cost between $300 to $1,000.

“Regular maintenance and an emergency savings fund can help mitigate these unexpected costs,” Godur said.

Job Loss

According to experts, losing a job is a significant financial shock.

“The average duration of unemployment in the U.S. is about 22 weeks, during which time individuals need to cover living expenses without a steady income,” Godur said.

Musson notes the same.

“If you lose your job and are eligible for unemployment, you can expect to lose half of what you were making,” Musson said. “Unemployment services are a nightmare to work through in many parts of the country, so you can expect to have a lag time of several months, during which time you’ll have no income. So, if you were making $5,000 a month, in a best-case scenario, you’d lose $2,500 a month, and in a worst-case scenario, you’d lose $5,000 a month.”

Godur says that depending on your lifestyle and location, this could mean needing between $10,000 to $20,000 to stay afloat.

“Building an emergency fund with three to six months’ worth of expenses is crucial to weather such storms.”

To Read  More:

https://www.yahoo.com/finance/news/5-common-emergency-expenses-much-140111547.html

“Coffee With MarkZ” Friday Morning Chat 6-7-2024

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

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member; Another Friday already….the weeks sure fly by

Member: Looking forward to not being here with everyone post RV- no offense…lol

Membeer: What is the good word today Mark??

Member: Is this our month?

MZ: I really do think IIt’s our month….The information I am getting from anybody on the bond side is overwhelmingly positive. The only thing that would make me happier is for the key friends Ithat have boxes of bonds to  say “I’m paid” lets go!!!…..That’s when I will get giddy.

MZ: I have 3 “giddies “left in me. 1-They get paid…2. CMKX gets paid and 3. We get paid……So giddy, then giddier, then giddiest….

MZ: A lot of bond folks are positioned to go the first of next week. They think this is really it. I’m praying this is really it for them. We are about to find out soon. .

Member: Will the budget be posted in the Gazette tomorrow?

MZ: I think it will be.

Member: if the rate is posted in the Gazette this weekend -there's a possibility that we could start making appts Mon or Tues???   Sure hope so

Member: Praying that Iraq's announcement is the starting gun!!!

Member: Hoping it’s true that Sudani is saying the dinar IS stronger than the dollar. I interesting verbiage now

Member: What is the significance of “June 9th”?

MZ: We are looking at it because Saudi Arabia did not renew its petro dollar deal with the US that was signed in 1974 It expires on June 9th. This means they can take any currency they want…not just deal in USD. They can take US or gold or yuan or ruble or yen…you name it.

Member: Mark I think this is the end of the petro dollar…and will possibly   cause instant disaster…. or a crash of the financial system

Member: I wonder what it's going to happen on June the 9th when the petrol dollar dies?

Member: I’m hoping this will frorce the RV to go to a gold backed/asset backed currency

Member: IMO RV could go at anytime. Don't get your heart set on a date. We just don't know for sure. It's looking good, though

MZ: I still very much think it will all go at once.

Member: Debt Clock showing 0 under national debt. Just absolutely wild.

MZ: Don’t read too much into that….they post from other sites and are a privately owned site.  But they really do a good job.

Member:  my local bank is closed on Juneteenth whatever that is?

Member: Skye Prince posted a new YT last night. Med Beds will be released when the notifications come out!!!!

MZ: I hope she is right.

Member: There are many more countries trying to join BRICS right now.

Member” I wonder if Iraq will be joining them as well….makes sense to me.

MZ:  There are some new articles that (I think) have everything to do with the revaluation in the world and a asset backed currency.  “Gold Rush: Long lines to purchase bullion in Vietnam”  

MZ: The world is preparing…the people of the world are preparing  for tumultuous times. Its like in the fall when the squirrels and chipmonks are preparing for a long winter. Really loading up on nuts…People are similar to the animals in the woods. They are preparing….people know things are not sustainable the way they are .

MZ: I know so many people are freaking out about the changes at Dinar Recaps. People who want to pay a little extra will get the news an hour or two before the free side…with no ads…..but everyone will still get the news on the free side ..just a little later than you are used too.  It is still free to use –if you don’t mind a extra wait. They still send the newsletters.

MZ: Because of demonetization of ads…Recaps had to do this to keep the lights on until the RV. They want to keep their site up. I support them needing to keep the lights on. Without them there would be so much worse information floating around dinarland.

MZ: They have stated there will be no delays getting notifications….It will immediately be posted on Recaps – both the paid and the free side at the same time. …..so don’t worry about that.

Member: It will also be posted all over the other dinar sites and the intel providers sites like Frank, Bruce, Mark, TNT ect……we wont miss it …imo

Member: Hoefully we will get that notice to exchange very soon and the changes at recaps will not matter to any of us…lol…I am sure they are wanting the RV as badly as the rest of us do.

Mod:  BREAKING NEWS: ESPECIALLY THIS ONE, MarkZ's WEEKEND email address: Don't Write Me@NeverOnWEEKENDS.Com

Mod: THERE WILL BE NO PODCAST TOMORROW MORNING AS MARK WILL BE TRAVELING!!

MZ: Will be in Florida at Cape Canaveral this weekend at the “Quantum Summit”  https://www.quantumsummit1776.com/

Member: Enjoy the weekend Mark! if want a recorded version is ok…….have a great weekend! safe travels

Member: MarkZ thanks for all you do for the community!!

The CBD guru’s join the stream today as there is no podcast on Saturday this week. Please listen to the replay for all of their information.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

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

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Central Bank Gold RV Accounts Are Real: What Are They Planning?: Awake-In-3D

Central Bank Gold RV Accounts Are Real: What Are They Planning?

On June 6, 2024  By Awake-In-3D

Discover the Secret Tool Central Banks Might Use to Avert Financial Collapse. Perhaps Even a Total Money Reset.

The question remains: will a dramatic revaluation of gold really solve the fiat currency debt system death trap? In the case of the United States, a practical scenario would not only require a sky-high revaluation of gold but also utilizing gold to outright back the ever-devaluing dollar.

This hypothetical approach raises several issues.

First, the price of gold would need to soar to unprecedented levels to cover the national debt, as shown by the required valuation of over $133,000 per ounce (as explained below).

Such a leap would fundamentally alter the global economic landscape and could undermine trust in the existing financial system. Additionally, backing the dollar with gold would necessitate a complete overhaul of current monetary policies and financial practices, potentially leading to significant economic upheaval.

This scenario forces us to confront the limitations of relying on fiat currency and question whether a return to a gold standard could truly provide a stable solution or merely shift the nature of economic challenges faced by modern economies.

In This Article:

1. What Are Gold Revaluation Accounts?

2. How GRAs Work for Central Banks

3. Using GRAs to Turn Gold Value into Money

4. How GRAs Can Help Cancel Government Debt

5. The Impact of U.S. Debt on Gold Prices

Gold Revaluation Accounts (GRAs) might sound complex, but they play an essential role in the financial strategies of central banks. They record the increase in the value of a country’s gold reserves as gold prices go up. This article will explain what GRAs are and how they can help countries like the United States reset their monetary systems and reduce their debt.

What Are Gold Revaluation Accounts?

A Gold Revaluation Account (GRA) is a special account used by central banks to track the increased value of their gold reserves over time.

When the price of gold rises, the GRA records these unrealized gains. For instance, if a central bank bought gold years ago at a lower price and the price of gold increases today, the difference in value is recorded in the GRA.

How GRAs Work for Central Banks

Let’s take the United States as an example. The US Treasury has 261,498,926 troy ounces of gold.

Originally, this gold was valued at $11,041,059,958. However, with today’s gold price at $2,400 per ounce, the value has increased significantly.

To calculate the current value of the US gold reserves:

• Current Gold Value: 261,498,926 ounces × $2,400 per ounce = $627,597,422,400

The difference between the original book value and the current value is:

• Unrealized Gain: $627,597,422,400 (current value) – $11,041,059,958 (original value) = $616,556,362,442

This $616 billion gain is recorded in the GRA, reflecting the increased value of the US gold reserves.

Using GRAs to Turn Gold Value into Money

Central banks can use the unrealized gains in their GRAs to improve their financial situation. They can move some of these gains to their capital accounts, essentially turning this “paper gain” into usable money without selling any gold.

For example, if the US Treasury needed funds, it could transfer part of the $616 billion gain from the GRA to cover expenses or increase its financial buffers.

This process involves adjusting the accounting records, not physically moving any gold.

How GRAs Can Help Cancel Government Debt

GRAs can also help reduce government debt. Central banks can use the gains in the GRA to pay off government bonds. This method reduces the debt without creating new money.

For instance, the US could use the $616 billion gain to cancel some of its outstanding government bonds. By doing this, the government reduces its debt burden, easing financial pressure without increasing the money supply.

The Impact of U.S. Debt on Gold Prices

The U.S. national debt currently stands at approximately $35 trillion. To understand the magnitude of this debt, consider the gold reserves of the U.S. Treasury and what would be required to pay off this debt using those reserves.

Currently, the U.S. has 261,498,926 troy ounces of gold. At the present gold price of $2,400 per ounce, the total value of the U.S. gold reserves is about $627.6 billion. This is a small fraction of the $35 trillion debt.

To pay off the entire $35 trillion debt with gold, the value of gold would need to rise dramatically. Specifically, each ounce of gold would need to be valued at around $133,837. This means that the price of gold would need to increase by over 55 times its current value to cover the national debt with the existing gold reserves.

This enormous required increase in gold prices highlights the severity of the U.S. debt situation. It shows just how far the financial system would need to stretch to resolve the debt through gold revaluation alone. The drastic measures required to achieve this highlight the scale of financial challenges faced by the government.

The Bottom Line

Gold Revaluation Accounts offer a practical way for countries to handle financial challenges. By using the increased value of their gold reserves, central banks can support government budgets and reduce debt.

For the United States, leveraging the $616 billion in unrealized gains from its gold reserves could provide significant financial relief.

However, the requirement for gold to be valued at $133,837 per ounce to cover the national debt highlights the catastrophic level of debt and the drastic measures needed to address it. This approach shows how gold, beyond being a precious metal, plays a vital role in modern financial management.

Supporting article: https://www.gainesvillecoins.com/blog/how-central-banks-can-use-gold-revaluation-accounts-in-times-of-financial-stress

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