Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20
Friday Evening News With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Labor Day Weekend everyone.
Member: Good evening, Mark, Mods and Patriots! Whats happening Mark???
Friday Evening News With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Labor Day Weekend everyone.
Member: Good evening, Mark, Mods and Patriots! Whats happening Mark???
MZ: Redemption Center folks think they will be working this weekend- By Monday. There are lots of great rumors ripping…but we need the RV to rip.
Member: Tony said everything is done and we should have the 800 # by Sunday
MZ: Well my redemption folks do think they will have to work. They are on call…but they have been told to expect to work at some point over this long weekend. Since its Labor Day Weekend….This is unusual.
Member: Tonight is Frank26 last public video on the Iraqi dinar……That will only be done from now on- for his private paid site.
Member: Nader more or less said that they've heard about the low denomination notes but haven't seen them.
MZ: That’s where I am at. We hear a lot about them and know they are showing Iraqis what they look like….but none in circulation yet.
Member: Please…..Let there be RV this weekend
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT!
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
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/
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.
SEE YOU ALL TOMORROW AT 9:45 AM EST WITH CBD MATT AND LUCAS!
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Frank26, KTFA Dinar Recaps 20 Frank26, KTFA Dinar Recaps 20
KTFA
Friday Night Conference Call
FRANK26…..8-30-24…..THANK YOU
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Friday Night Conference Call
FRANK26…..8-30-24…..THANK YOU
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#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE
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Calls, Chats and Rumors DINARRECAPS8 Calls, Chats and Rumors DINARRECAPS8
Bruce’s Big Call Dinar Intel Thursday Night 8-29-24
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It is Thursday, August 29 and you're listening to the big call – welcome everybody all over the globe, everywhere that you can hear my voice in big call universe, and we should be averaging well over 17 and a half million listeners internationally, not including our US and maybe Canadian citizens, but whatever our listeners here, let's do this. I'm going to pray the call in
Okay, let's get into intel a little bit. All right. First, you know how we used to have, like Tuesday night, we didn't have any rates on the bank screens. And what's interesting is now we have grayscale which means you can't read the rates on redemption center screens, which we could see last Tuesday, but tonight, we can only see bank screen rates, which are not the highest rates, by the way, now all that's going to change over the weekend, so don't worry about it.
Bruce’s Big Call Dinar Intel Thursday Night 8-29-24
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It is Thursday, August 29 and you're listening to the big call – welcome everybody all over the globe, everywhere that you can hear my voice in big call universe, and we should be averaging well over 17 and a half million listeners internationally, not including our US and maybe Canadian citizens, but whatever our listeners here, let's do this. I'm going to pray the call in
Okay, let's get into intel a little bit. All right. First, you know how we used to have, like Tuesday night, we didn't have any rates on the bank screens. And what's interesting is now we have grayscale which means you can't read the rates on redemption center screens, which we could see last Tuesday, but tonight, we can only see bank screen rates, which are not the highest rates, by the way, now all that's going to change over the weekend, so don't worry about it.
But I'm just saying right now that'll all change. But for right now, redemption center screens are gray scale. You can't read them.
The bank rates not on line last Tuesday are on today. So what that just tells us, remember how we were trying to get the quantum financial system fully implemented throughout the globe. Guess what?
We heard a thought that the globe, the global financial system based on asset backed gold backed currencies, is fully implemented and ready to go – okay - So what's the status.
Okay, so that's a great thing. It's all good. And that happened, very much. Probably pretty close, 8 clock, Eastern tonight. As I got the call is, like, five minutes after eight, and Eastern time. I said well . That's, that's great. that's great, because that just happened. So that's great news for us.
That's something we were waiting too happen – and not only the redemption center which we had last Tuesday - fully integrated - But now all the banks, tier 1234, all over the globe, all banks, everything is totally, totally integrated. And that's great news. We've got that
Now - a point about rates. Somebody is saying, Oh, you you can't the rates that you're going to get are going to be the same at redemption centers as they are in banks. No, they're not. They're not going to be the same at all.
In fact, just the screen rate at banks on the dinar three times higher on redemption center screens, 3X higher on the dong -. We've got a rate on the bank screen, going to be twice as high in the redemption center.
Yes, I know what those rates are, but I'm not going to be able to bring them up tonight. Trust me when I tell you, you want to call the toll free number when it's available, you set up your exchanges and redemption of zim at the redemption centers.
And the next thing I've got about that is the toll free number - when you call it and you're getting a call center, one of 3 call centers - I think they're going to do it east coast. I mean Eastern Time, central time, Mountain Time, and Pacific.
And I don't know what they're going to do as far as Hawaii and Alaska goes as far as the timing on that, but by calling the 800 number, you'll be able to find out, and you'll get, I believe it's going to be An AI generated response to you
So my point in saying this is, if we call on a day that happens to be, for example, Labor Day here in the United States, you might just get an AI generated system that allows you to put in your numbers, put your zip code, because they have all the zip codes in the in the US, and probably I can't speak to Canada, but I believe Canada can use that number and see what happens
Canada? We know that for Canada, while I'm on that subject is HSBC is the lead bank in Canada with RBC to have merged with Scotia Bank. I'm gonna say a yr ago might be less than that. Scotiabank the secondary bank along with RBC merger in the Scotia and I think those that's a great backup bank, if you will In addition to HSBC,
HSBC is the biggest bank that's being used internationally. But we also have Banco Santander, Santander Bank for Latin America - they are a go to bank as well. And I'm thinking that's it should be I’m not positive. I think that's going to be Mexico, Central America, South America, all on Santander Bank.
Truist bank is also a major Tier 1 bank now because they merged with SunTrust Bank, and truist is also player as well. But if you're in the continental US, you don't have to worry about it. You just dial the number, put in whatever your information is going to be, and you will get directed to a redemption center close to your zip code - It might be 30 or 40 minutes away.
It could be five minutes away. You shouldn't have anybody Way Out West, where the driving distances are longer. You shouldn't have to drive more than let's call it 60 - 70 miles, maybe 80, maybe in Montana or Wyoming, or in some other states, you know, where you got some really long distances, but you got realized in Texas, which is a whole other country, or could be, you know, you could drive an hour and a half and not be at the end of your ranch - I think it's crazy - It's true with some of those places. All right, so that's what's going to happen.
Now let's, let's nail this timing down a little bit. All right, we've got information pointing to us getting notified. Well, let's go back -- on Sunday night, after the Forex on that five o'clock Eastern the Forex opens back up for trading.
And so we're going to see all new rates on all currencies Sunday night. Now we're not going to see them at the people going into the redemption centers would see them, and if anybody's happy to go into their bank – these are workers, not us on Sunday, they might see new rates.
They should see all brand new rates Sunday night period. Now – we would see them, probably Tuesday since Monday is a holiday. But my belief is - we don't have this absolute, but my belief is we can get notified on Monday which is is labor day here in the United States - and then set our appointments and start on Tuesday.
Tuesday's the third of September. So be prepared to look for that, that scheduling, that could be what we're looking at there. All right, let's go back and see what else we want to bring out.
Jeannie always prompts me on a few things like RNR and debt relief and all that. Okay, here's the latest information from this evening on debt relief on this is mortgages being zeroed out - and Credit card debt eliminated.
Those two are going to crank up, starting the fourth, fifth and sixth of September – and if my calendar is right, that is Wednesday -Thursday and Friday of next week, that's when that stuff's coming out, and it takes all the way to the 15th of September to complete. So if you don't get to your credit card heavily wiped out, or you don't need anything from the bank about your mortgage - you know, at least let it happen between the fourth, fifth, sixth and the 15th.
It will take a while to get all of that done. That's definitely debt jubilee, and maybe you'll be fortunate enough to get an announcement about complete debt lease. All right, I'll be looking for that.
What about R&R? I call it restitution reclamation allowance. That is supposed to kick in in the first week of September, which is next week, sometime in the first week. Now it may again, not be there for all of us, but it should be there within that first week, which starts for us a banking week the main week - It starts, of course, on Tuesday, which is the third, so third, fourth, fifth, sixth, seventh, somewhere in that range, we should get R and R, Restitution, Reclamation allowance.
Now if you're exchanging, your R&R is already in, in fact - everybody's already in their quantum accounts, quantum accounts. So if you're exchanging, you need to get an appointment for your exchanges and redemption of Zim.
And then you should have - when you're getting into your quantum account card, you should be able to see that balance that is already in your quantum account. And then what you'll do is you'll go through your exchange, you'll get your zim done, you'll get your currencies done, and you'll be you'll be loaded up with an amount that will go into your quantum account, on top of your R&R, or in addition to your R&R - Then you can move.
So what it amounts to is you're going to be able to see that total in your account and then move whatever funds you think you're going to need for the first 30 / 60, or 90 days. And keep changing that a little bit. Sometimes it's 30 days, sometimes it's 90 days. We'll see what it is. Don't worry about it.
You'll be able to move plenty of money that you won't be able to spend in the first 60 to 90 days. But you will be able to move some of that money
And you might, maybe, maybe not, a billion dollars into what I call your master account, your primary account at Wells. And then if you've got LLC, your projects, or you've got trust, set up your projects. What ever you.ve got set up You can set up individual bank accounts for those LLC - that's what I'm going to do for LLCs, and I'm going to set up bank accounts for each one of those. They're all under my master trust, okay, and my primary account would be under my master trust from that.
So let's see what else.
Yeah, all right what’s going on right now is there are global arrests that are taking place that we're pretty far along on, but we need to get further along as a percentage - so that we can go forward - And I can tell you, we're at the point right now where we don't have that far to go to get to the number that they want to say before they release everything to us
I think we could easily make it by the weekend, which could be Saturday, could be Sunday, could be Monday. But here's the beauty of it, the forex you know, closes down tomorrow at five o'clock for 48 hours - it comes back up Sunday evening at five. And then, you know, we'll have all brand new rates coming up then after it's been on forex. They'll be brand new rates.
We have 15 rates on trade right now, because, the Iraq dinar it's not on that right now. But, it would be up ou know, my guess we have Sunday, it'll be coming in Sunday, and it'll probably be traded, you know, internationally, as an international currency on Sunday at five o'clock our time. Now trade earlier in other parts of the world, but for us, our traders here will start on starting at five o'clock Sunday evening. And it would be the benefactors of that at the redemption center when we set our appointments
So I think Monday is in play for receiving our toll free numbers, and, you know, by email and calling the AI generated call center. And maybe we'll get to a human being. Let's see. I think money we will probably raise that one way that could be the case for certain people that might have dong or the dinar
– The dinar rate is set for them to offer that to us at the contract, which is terrific, and as long where it'll be twice what the banks rate is, and I know what it is, and it's good, it's expected to be very good as well anymore, yeah, it'll be very good, which will so I can tell you that the zim is on par.
There's no restriction on two nodes of this, and the rest of it is that that's all BS, you know, that's just the Cabal putting out stuff, trying to get you to not buy more or whatever. I can see that.
But point is, you know, don't go to banks. Just use the redemption center. By the way, if you go to redemption center, as you're getting ready to go, they're going to give you a - if you're a zim holder, you will get a free queue. phone
And that's a basically a satellite phone that work from anywhere. And it works off the satellite system works off the we call the Starlink satellite System - So that'll be good for us and it's going to be something you don't ask questions about you just get home. And we'll figure it out. We'll figure it out when we get home - They are not giving us a lot of information about it, right?
So you guys have plenty of written notes down to remember, I hope I remember everything when I go in there. Think I will. And you know, it's not supposed to take more than 30 or 40 minutes for an appointment - So just consolidate your information. Make your presentation on your project, or projects very concise.
I mean no more than five minutes - you know, they want to hear what you're going to do. They don't have time to detail into a lot of detail about it. Just realize that, you know, it's something to be working on, and it's all going to be good. There's no reason to worry about it – you’ll be fine
Now, I think that I've covered everything I wanted to cover tonight, covered what Jeannie said. The only thing I don't want to say Social Security increases will be in September.
I think they will be and that means it should start first week September, if you're if you first Wednesday, but I think we should get it in the month September. We should get NESARA – GESARA yeah it would have been nice to get out is what, Charlie was working on exclusively on that now, we should get our R & R - debt jubilee - already for some people, we had a call today, someone that my head knows definitely one credit card, two credit cards, it may be happening in some areas already,
I think right when this came through, so mortgage zeroed out. Maybe a letter from our lending institution on that. So, look at your snail mail - I don't know if it's gonna be certified or registered but however it comes, if you get one from lenders, probably a good thing not a bad thing So Im going to say – that’s really what I had to say to everybody tonight,
Is this our last call? It is if we get the numbers over the weekend, or it's Monday, or whatever. Yep – I hope so - I know you guys are tired of hearing me, but let's be honest, this intel changes from day to day, and I'm just believing that we finally at the end.
And there's so much good stuff coming out with Iraq with their new rate coming up Sunday, international rate, and we’ve been occupied one floor in the Central Bank of Iraq. And we vacate that on Saturday. We no longer will be in that CBI on Saturday. I believe they're backing up Saturday, moving out. And remember the first business day for Iraq working day is on this Sunday.
So that’s good news too I just think we're all ready for this.to go don’t you - I am. I think we all are. Let's start off. -- I want to just say I want everybody to have a good Labor Day on Monday, you grill out Monday – you be careful with that. That's a great thing to do.
Most swimming pools where I grew up closed on Labor Day. That was the last day, I think it was the last day you could swim in the community pool. I don’t know where you live or whether that's still the case.
College has started in some areas already. Used to love when we went back to high school, we started back. It was actually after Labor Day - nowadays, kids are starting back in the second and third week of August. What's wrong with that picture? I didn't set the calendar for the schools, but I liked it when we when we got a way to go back to college, and we need to go back to class in high school until after Labor Day .
All right, let's go ahead and pray the call out. Thank you everybody. Thank you Sue, thank you Bob and thank you listeners Big Call universe all around the globe . And we are going to have a really great start in September. It looks like and I'll be you know you guys we will be in touch with you about projects, about veterans, retreat network and about the pastorial network. We will send out emails
But I want everybody to chill for at least two weeks after this goes maybe through most of September, because you're gonna have stuff to do. I'm gonna have stuff to do, and we'll touch, you know, we'll be in touch. We'll probably get together reading as we're doing some things, I think. But finally, let's rest after this. Have a good weekend, a great Labor Day and in the future. Okay, all right, everybody, thank you so much
Bruce’s Big Call Dinar Intel Thursday Night 8-29-24 REPLAY LINK Intel Begins 1:10:50
Bruce’s Big Call Dinar Intel Tuesday Night 8-27-24 REPLAY LINK Intel Begins 1:19:19
Bruce’s Big Call Dinar Intel Thursday Night 8-22-24 REPLAY LINK Intel Begins 1:32:32
Bruce’s Big Call Dinar Intel Tuesday Night 8-20-24 REPLAY LINK Intel Begins1:00:25
Bruce’s Big Call Dinar Intel Thursday Night 8-15-24 REPLAY LINK Intel Begins 57:00
Bruce’s Big Call Dinar Intel Tuesday Night 8-13-24 REPLAY LINK Intel Begins1:14:14
Bruce’s Big Call Dinar Intel Thursday Night 8-7-24 REPLAY LINK Intel Begins1:08:40
Bruce’s Big Call Dinar Intel Tuesday Night 8-6-24 REPLAY LINK Intel Begins 1:05:40
Bruce’s Big Call Dinar Intel Thursday Night 8-1-24 REPLAY LINK Intel Begins51:00
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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20
TNT:
Tishwash: Iraq called off one million barrel shipment in a bid to match OPEC regulations: Reuters
Iraq plans to lower its oil output to in between 3.85 million and 3.9 million barrels each day in September as part of a strategy to make up for producing over its quota concurred with OPEC and allies, Reuters quoted a source on Thursday.
The plan comes just as Libyan oil production drops due to a. political conflict in between various factions.
The declines will tighten the oil market ahead of a prepared. output boost by OPEC and its allies - called OPEC+ - from. October to begin loosening up some production cuts.
TNT:
Tishwash: Iraq called off one million barrel shipment in a bid to match OPEC regulations: Reuters
Iraq plans to lower its oil output to in between 3.85 million and 3.9 million barrels each day in September as part of a strategy to make up for producing over its quota concurred with OPEC and allies, Reuters quoted a source on Thursday.
The plan comes just as Libyan oil production drops due to a. political conflict in between various factions.
The declines will tighten the oil market ahead of a prepared. output boost by OPEC and its allies - called OPEC+ - from. October to begin loosening up some production cuts.
Iraq produced about 4.25 million barrels each day (bpd) in. July, according to the Company of the Petroleum Exporting. Countries, mentioning secondary sources. That is above its quota of. 4 million bpd.
The oil ministry had actually sent a strategy to OPEC to compensate. for the overproduction between this month and September next. year. Iraq's cumulative overproduction between January and July. was 1.4 million bpd, OPEC said recently.
Iraq cancelled a spot cargo of 1 million barrels in August. to reduce its exports throughout the month, the source said.
There were quotes for the freight however it was removed the. market, the source said, adding two more freights of the exact same. size will be deferred from August to September.
Baghdad plans to reduce its output from September onwards by. cutting exports to 3.3 million bpd or lower, from 3.43 million. bpd, in addition to cutting local consumption to 500,000 bpd from. 570,000 bpd and asking the Kurdistan Regional Federal government to cut. its output to 50,000 bpd from 150,000 bpd, the source stated.
OPEC Secretary General Haitham Al Ghais was in Baghdad on. Wednesday and consulted with Iraqi Oil Minister Hayan Abdel-Ghani.
OPEC stated on X that Abdel-Ghani restated Iraq's. dedication to the complete and timely implementation of production. level changes, including payment plan as agreed under. the Statement of Cooperation link
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Tishwash: Baghdad wants money from the government and has its eye on “stalled projects”: We will launch new ones - Urgent
Baghdad Provincial Council confirmed, today, Friday (August 30, 2024), the development of important and strategic plans to develop the capital's service reality during the next phase, indicating that it is awaiting financial allocations to complete the stalled projects.
Council member Nora Al-Jahishi told Baghdad Today, “Despite its short life, the Baghdad Council has worked during the past period to activate the oversight aspect and follow up on the work of service departments in Baghdad, and there is a noticeable development in service work due to continuous and strict oversight and follow-up.”
Al-Jahishi added, "The Baghdad Council has developed an important and strategic work plan to launch projects and complete others that have been stalled for a long time, but we are waiting for the financial allocations, as they have not been released to us yet by the central government."
The Iraqi capital, Baghdad, is witnessing a remarkable urban development on the level of main roads and vertical buildings after the relative security in the country was restored and the country opened up to investments and partnerships with Arab and Western countries.
Last year, the Ministry of Planning revealed a decrease in the number of stalled projects in Iraq, while indicating that there are more than 7,000 projects under construction.
The spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, told Baghdad Today, "There are more than 7,000 projects in Iraq with different rates of completion, and great efforts are being made to complete them within two years," noting that "the government has raised the slogan of services and interest in service projects such as school projects, hospitals, roads, and sewage networks."
He added that "the number of stalled projects has decreased to 1,000 projects distributed across various sectors and governorates," noting that "the Prime Minister has directed that these projects be resolved during the coming and upcoming year."
He added, "We have 73 hospitals that are lagging behind and with different rates of completion that were addressed through the Amiri order 45, and some of the suspended hospitals were completed, and about 90 percent will be completed within two years," indicating that "there are 16 new hospitals that have been included in the 2024 budget."
Regarding the schools sector, Al-Hindawi explained that “there is a great deal of work being done to complete this sector, as the project of the thousand Chinese schools has begun, and the construction of a number of schools will be financed within the Iraq Development Fund,” noting that “nearly 40 percent of the delayed or suspended schools have been completed.”
The spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, had previously explained to Baghdad Today the reason for the halt of most projects in Iraq, indicating that “the main reason for the halt of these projects is due to Resolution 347 issued in 2015, during the financial crisis, which led to the halt of many projects, and these projects are distributed across various sectors of transportation, communications, buildings, services, industry and agriculture, and they are at different rates of completion.”
He added, "The priority now within the current government's program is to complete service projects, most notably hospital projects, school projects, sewage projects, and water projects. By the end of next year 2024, more than 90% of these projects will be completed, especially after the approval of the budget law, and with the existence of financial allocations for the investment program link
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man The Development Road Project is going forward whether you like it or not. Iraq is going International, they just haven't yet. They're not on the Forex but are they going to be there? I think they're going to be there...quite soon.
Mnt Goat Article: "GOVERNMENT ADVISOR EXPLAINS THE POSSIBILITY OF USING THE DINAR INSTEAD OF THE DOLLAR IN OIL SALES" This is a...VERY good article in that it talks about the risks associated with pegging the dinar to oil prices...Instead they plan to repeg to a “basket” of international currencies from the top developed nations. This much less risky and is much more stable. Besides this is the Dr. Shabibi and IMF plan for Iraq. Article Quote: "Will it be a fixed exchange system supported by foreign reserves or will it be a flexible exchange system in which the (petrodinar) changes with the change in oil prices?" I luv this...it reinforces again they are NOT going to peg the dinar to the price of oil... Nonetheless this...tells us they know they must do something and do it soon!
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WARNING. "We The People" DEMAND! A RETURN To Constitutional Money.
Greg Mannarino: 8-30-2024
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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8
Good Afternoon Dinar Recaps,
BITCOIN ADOPTION IN THE US: Billion-Dollar Bank NCR Atleos Partners with LibertyX for BTC Cashouts at ATMs
▪️NCR Atleos has launched the LibertyX Bitcoin Cashout feature, allowing users to convert Bitcoin into cash.
▪️The feature is designed to simplify Bitcoin-to-cash transactions by letting users pre-stage their transactions via an app.
NCR Atleos has launched the LibertyX Bitcoin Cashout feature, allowing users across the United States to convert Bitcoin into cash through select ATMs. This new service aims to simplify the process of withdrawing cash from Bitcoin sales, addressing a significant hurdle in the wider adoption of cryptocurrency.
Good Afternoon Dinar Recaps,
BITCOIN ADOPTION IN THE US: Billion-Dollar Bank NCR Atleos Partners with LibertyX for BTC Cashouts at ATMs
▪️NCR Atleos has launched the LibertyX Bitcoin Cashout feature, allowing users to convert Bitcoin into cash. ▪️The feature is designed to simplify Bitcoin-to-cash transactions by letting users pre-stage their transactions via an app.
NCR Atleos has launched the LibertyX Bitcoin Cashout feature, allowing users across the United States to convert Bitcoin into cash through select ATMs. This new service aims to simplify the process of withdrawing cash from Bitcoin sales, addressing a significant hurdle in the wider adoption of cryptocurrency.
Simplified Bitcoin-to-Cash Transactions
The LibertyX Bitcoin Cashout featureis a service intended to enable buyers to get cash after selling Bitcoin.To purchase cryptocurrency,users have to choose a LibertyX-affiliated ATM in their region first.The user then enters a Bitcoin address, generates a code, and withdraws U.S. dollars from an ATM. This process removes the need for traditional banking transfers, which can often be slow and cumbersome.
Currently, the feature is available across 30 states,which is only a part of the over 280,000 ATMs managed by Atleos in the United States. The current rollout is limited, but the service could be made available to more people if the trial is successful.
According to Chris Yim, the General Manager of LibertyX, this solves a major problem that hinders Bitcoin uptake because it becomes easier to cash out the digital currency.
This feature is implemented by Atleos’s ReadyCode API, which facilitates the process of making Bitcoin-to-cash transactions at ATMs. However, the service has some disadvantages. For instance, the maximum one can sell in a transaction using the Bitcoin sale access code is $400. However, the users can make several transactions to withdraw higher amounts.
LibertyX, a licensed BitLicense holder in New York, has been active in the cryptocurrency ATM business, providing Bitcoin purchasing options at over 30,000 ATMs across the country.
The implementation of the Bitcoin Cashout feature is viewed as a logical addition to its services since it connects the digital and physical worlds.
US Cryptocurrency Adoption Grows Rapidly
The LibertyX Bitcoin Cashout feature is in line with developments in the US, where the uptake of cryptocurrencies is rising.
Security. org’s 2024Cryptocurrency Adoption and Sentiment Report revealed that 40% of the adults in America own cryptocurrency, an increase from 30% in 2023. Out of these crypto owners, 63 percent intend to invest in more digital currencies in the next year.
Furthermore,the report reveals that the number of women investors in cryptocurrencies has grown from 18% in 2023 to 29% in the first quarter of 2024. This increase in interest can be attributed to the increasing popularity of cryptocurrencies in the US financial market.
Currently,the United States dominates the market, with 82% of the total number of Bitcoin ATMs installed worldwide. However, there has been a decline in the number of functioning Bitcoin ATMs in the U. S. due to a crackdown on the machines associated with extortion and scams.
The number of Bitcoin ATMs in the United States declined by more than 400 between May and July 2024, bringing the total to 31,273.
@ Newshounds News™
Source:CrypyoNews Flash
~~~~~~~~~
US partners with Nigeria for responsible AI use in military
The U.S. State Department has teamed up with Nigeria to further the responsible use of artificial intelligence (AI) in the military.
Mallory Stewart, whose role at the State Department focuses on arms control and stability, recently discussed AI use in military operations with Nigeria’s Ministry of Foreign Affairs, the Ministry of Defence, the national security advisor, civil society, and other officials from the regional bloc ECOWAS.
The U.S. has been on a global tour drumming up support for its initiative to have guardrails for AI use in the military.This initiative, which has garnered the support of 55 countries, advocates using AI “in a manner consistent with international laws and recognising inherent human bias,” Stewart told journalists in Abuja.
“We’ve learned the hard way [about the] inherent human bias built into the AI system … leading to maybe misinformation being provided to the decisionmaker,” she added.
It’s not the first time the U.S. government has partnered with Nigeria on AI.Earlier this year, the American government reiterated its support for Nigeria’s AI strategy, pledging to support the development of the West African nation’s infrastructure to boost research and innovation.
A few months later, the two governments signed an MoU to increase AI engagements between their respective national AI institutes.
The U.S. Department of Commerce has also pledged to collaborate with Nigeria on its approaches to critical areas such as “data, trusted digital infrastructure, power/green energy, AI governance policies, computing resources, digital skills relevant to AI and more.”
The controversy of AI in the military
As with virtually every other sector, AI is gaining rising adoption in the military.For some, like Japan,the technology presents a solution to a rapidly aging and declining population that has left the country short of a military workforce. Others are using it to collect and analyze data and assist in decision-making.
According to former Google (NASDAQ: GOOGL) CEO Eric Schmidt,global wars are “no longer about who can mass the most people or field the best jets, ships, and tanks.” It’s now about autonomous weapon systems and powerful algorithms.
Regulations and guardrails are critical for the technology’s deployment in the sector. However, global political alignments have overshadowed the need for policy frameworks.
One major movement led by the U.S. brought together 31 nations, including France, Germany, Canada, and Australia, to sign a declaration setting guardrails on military AI. However, China and Russia, the other two most powerful militaries after the U.S., were conspicuously missing.
As regulators slack off, AI developers are increasingly voicing their concerns and opposition to the military deployment of AI. Earlier this year, nearly 200 employees at Google DeepMind signed a letter demanding the company terminate its contracts with military organizations.
“Any involvement with military and weapon manufacturing impacts our position as leaders in ethical and responsible AI, and goes against our mission statement and stated AI Principles,” the developers say.
Industry leader OpenAI has also been dragged into military applications. Earlier this year, the company quietly removed its ban on using its AI models “for military and warfare” and has been working with the Pentagon since.
@ Newshounds News™
Source:CoinGeek
~~~~~~~~~
BANKS USING PERMISSIONLESS BLOCKCHAINS FOR TRANSACTIONS FACE MULTIPLE RISKS: BIS
Risks include operations and security, governance, legal, settlement finality and compliance, the report said.
▪️Banks transacting on permissionless blockchains face multiple risks including settlement finality, the Bank for International Settlements said in a working paper. ▪️The paper also said technology to address some of the risks, particularly privacy, is being developed. naming zero-knowledge proofs as a potential solution.
Banks that transact on permissionless blockchains face multiple risks, including money laundering and terrorism financing, the Basel Committee on Banking Supervision concluded in a new paper.The committee is part of the Bank for International Settlements (BIS), the primary global standard setter for prudential banks. Other risks include operations and security, governance, legal, settlement finality and compliance,
"Certain risks stem from the blockchains’ reliance on unknown third parties, which makes it difficult for banks to conduct due diligence and oversight. These risks require new risk management strategies and safeguards. Current practices for mitigating these risks remain in various stages of development and have not been tested under stress," according to the paper.
Banks are also exposed to political uncertainty as a new legislation could "change validator behaviour," making the "blockchains themselves operationally unstable.
" A ban for instance could "reduce the amount of computing power or staked native tokens available to secure the blockchain, temporarily increasing the risk of a 51% attack," in which ”a coordinated effort is put forward to control greater than 50% of the validation nodes."
The paper also said technology to address some of the risks, particularly privacy, is being developed, naming zero-knowledge proofs as a potential solution.
Last month, the committee approved a disclosure framework for banks' exposure to crypto that must be implemented by the start of 2026.
@ Newshounds News™
Source:CoinDesk
~~~~~~~~~
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KTFA:
Clare: The Central Bank announces the participation of Iraqi banks in external transfers in multiple currencies
August 30, 2024
The delegation of the Central Bank of Iraq in New York announced the start of the new phase of foreign transfer operations with the participation of (13) Iraqi banks, in an important step aimed at enhancing the diversity of currencies and facilitating international transfer operations.
This announcement came after reaching an agreement on the mechanisms for regulating these operations, as it will include dealing in the euro, Chinese yuan, Indian rupee, and UAE dirham.
KTFA:
Clare: The Central Bank announces the participation of Iraqi banks in external transfers in multiple currencies
August 30, 2024
The delegation of the Central Bank of Iraq in New York announced the start of the new phase of foreign transfer operations with the participation of (13) Iraqi banks, in an important step aimed at enhancing the diversity of currencies and facilitating international transfer operations.
This announcement came after reaching an agreement on the mechanisms for regulating these operations, as it will include dealing in the euro, Chinese yuan, Indian rupee, and UAE dirham.
The delegation confirmed the definition of the scope of work of the international auditing company E&Y, which will review the transfer operations to ensure their safety and compliance with international standards. This step is a reflection of the Central Bank of Iraq's commitment to achieving the highest levels of transparency and security in all foreign transfer operations, and enhancing confidence in the Iraqi financial system.
This initiative came within the framework of the Central Bank of Iraq's ongoing efforts to support economic growth and expand the horizons of international cooperation with global markets.
Central Bank of Iraq
Media Office
August 30, 2024
************
Clare: Central Bank announces results of New York meetings
8/30/2024 Baghdad - WAA
The Central Bank of Iraq announced, today, Friday, the results of the visit of the delegation headed by the Governor of the Central Bank, Ali Mohsen Al-Alaq, to the United States of America, which lasted from August 26 to 29, 2024.
The Central Bank of Iraq confirmed in a statement received by the Iraqi News Agency (INA) that "a high-level negotiating delegation headed by Governor Ali Mohsen Al-Alaq held a series of intensive meetings in New York City, USA, which included discussions with the US Treasury Department and the Federal Reserve Bank, in addition to meetings with a group of companies (Visa, Mastercard and MoneyGram) as well as banks (Citi Bank and JP Morgan) as well as international auditing firms (KPMG, E&Y, K2i and Oliver Wyman)."
He added that "the participants in the meetings praised the major transformations achieved by the Central Bank of Iraq, which represent an unprecedented achievement at the country level, as the bank has achieved remarkable progress in monitoring procedures for foreign transfers and cash sales of the US dollar, which has led to improving systems, policies and procedures in accordance with international and local standards, enhancing transparency in covering foreign trade and providing protection for the banking and financial sector from the risks of money laundering, terrorist financing and financial crimes."
He announced, "A meeting will be held between officials of the Central Bank of Iraq and its international partners by the end of this year regarding the major shift in ending the work of the electronic platform for foreign transfers and replacing it with direct banking relations between Iraqi banks and the network of international correspondent banks, according to the plan set by this bank, and implemented internationally
Which will allow the Central Bank of Iraq and the Federal Reserve Bank to exercise their supervisory roles away from executive procedures, as this shift will have important repercussions on the stability, fluidity and transparency of the country's foreign trade financing operations," noting that "it aims to achieve the required stability in exchange rates, which in turn will lead to enhancing the efficiency of the financial system in Iraq."
He pointed out that "the meetings in New York City also addressed the mechanisms for expanding the network of international correspondent banks and qualifying Iraqi banks to meet the necessary requirements to open their accounts with international correspondent banks; with the aim of enabling them to complete their financial transactions, whether through external transfers in US dollars or other foreign currencies." LINK
************
Clare: Turkish-Iraqi-Qatari-Emirati ministerial meeting on the development road project
8/30/2024
Istanbul hosted the first ministerial meeting between Turkey, Iraq, Qatar and the United Arab Emirates on Thursday to discuss the Development Road Project.
The meeting, which was held at Dolmabahce Palace, was attended by Turkish Minister of Transport and Infrastructure Abdulkadir Oraloğlu and his Iraqi counterpart Razzaq Muhibs Al-Saadawi, while Qatar and the UAE participated via video conference.
In his speech after the meeting, the Turkish Minister of Transport said: The project will directly contribute to strengthening the global trade system and the development of the participating countries.
Oraloğlu stressed that the main feature of the modern economy is that multinational production, international financial flows and international trade volume have reached very high levels.
Commenting on the Quadrilateral Ministerial Meeting, Oraloğlu said: "Our meeting today is not only for the future of the transportation and logistics sectors but also for the economic, social and cultural future of our countries."
He added: "It is very important for all of us to have safe and fast transportation facilities to establish the economic cooperation that is indispensable for our countries." He stressed that the existing cooperation between the four countries will be stronger thanks to the Development Road Project.
The Turkish minister explained that the development road project is important in terms of gains and supply chains, and that it will benefit the countries of the region as a whole.
For his part, Minister of Transport Razzaq Muhaibis Al-Saadawi said that the project will contribute positively to the global economy as a whole.
He added: "Today's meeting was fruitful and good in terms of standards, and we discussed many issues related to project management and its stages. We are working to remove the obstacles that prevent the implementation of this project."
He continued by saying: "We must know that the development road project will make a great contribution to all participating countries, to the region and to the global economy as well."
On April 22, Turkey, Iraq, Qatar and the UAE signed a quadripartite memorandum of understanding for cooperation on the "Development Road" project in Baghdad, under the auspices of Turkish President Recep Tayyip Erdogan and Prime Minister Mohammed Shia Al-Sudani.
The "Development Road" project is a land and railway road extending from Iraq to Turkey and its ports, with a length of 1,200 kilometers inside Iraq, and aims to transport goods between Europe and the Gulf countries. LINK
Clare: Text of Cabinet session decisions including setting date for start of new school year
8/30/2024
Prime Minister Mohammed Shia Al-Sudani chaired the thirty-fifth regular session of the Council of Ministers today, Thursday, which witnessed the discussion of the overall situation in the country, the progress of implementing the government program, in addition to the files on the agenda for which the necessary decisions were taken.
At the beginning of the session, Al-Sudani reviewed the outcome of his official visit to Egypt and Tunisia, and the discussions he held on bilateral cooperation files, and the preparations for holding the next meeting of the Iraqi-Egyptian Joint Committee, which will be held in Baghdad. Al-Sudani directed the ministers to prepare the files required to activate all areas of cooperation, especially in the fields of oil and transportation.
Regarding Iraqi-Tunisian relations, the Prime Minister spoke about the convergence of positions between the two countries, the availability of opportunities for cooperation and the activation and revitalization of relations, in addition to the necessity for all ministries to follow up on the outcomes of this official visit and communicate with counterpart ministries in Tunisia and Egypt for more fruitful partnerships.
Al-Sudani renewed his appreciation and gratitude for the efforts of all ministries, institutions, governorates and security forces, most notably the Supreme Security Committee headed by the Minister of Interior, the Supreme Committee for Million-Pilgrimage headed by the Director of the Prime Minister's Office, and the Ministers of Health, Electricity, and Transportation, the governors and holy shrines, for their efforts in managing and making the million-pilgrimage a success to commemorate the Arbaeen of Imam Hussein, peace be upon him.
He pointed out that this success in managing and accommodating more than 21 million visitors, in addition to the projects and infrastructure that have been diagnosed and monitored, are now in the process of being implemented to serve visitors, the roads and stations they use, and all service facilities.
His Excellency explained the most important security steps taken recently, which contributed to thwarting any threat, and within qualitative preemptive operations that resulted in the arrest of 46 wanted terrorists, and within all operational sectors.
The Council considered the issues and files on the agenda and took the necessary decisions regarding them.
In the oil field, and within the framework of the government’s approach to developing investment in oil wealth, the Council approved the contracts for the fifth and sixth supplementary licensing rounds, totaling (14) projects for final signing, and the commencement of activating the contracts under discussion, based on the provisions of Article (39/1) of the contract for the two aforementioned rounds.
In the field of energy, the Council approved the addition of (1,463) billion dinars, within the import of fuel, Iranian gas, and (619.68) billion dinars, within the import of electrical energy, to the Ministry of Electricity’s budget for the year 2024, based on the provisions of the Federal General Budget Law for the fiscal years (2023 - 2024 - 2025).
As part of the follow-up of service efforts, the Prime Minister directed the Ministry of Finance to transfer an amount of (14.6) billion dinars to the Baghdad Municipality for the direct implementation of the joint sewer network to serve the district (859, District 3/10), within the Rashid Municipality sector, south of Baghdad, and the transmission line towards the (Al-Dawanem/2) station to serve the district (488) of the Al-Salamyat area within the Al-Shaala Municipality sector.
In the context of determining the calendar for the academic year in the Ministry of Education, the Council of Ministers decided that Sunday, September 15, 2024, would be the date for the commencement of teaching and educational staff for all Iraqi schools, and that Sunday, September 22, 2024, would be the date for the start of the new academic year, 2024-2025.
The Council approved the exemption of the project to build a number of schools within the (Aidopa) program, which will be contracted for design, construction and maintenance according to a contract concluded between the Iraq Development Fund and the Ministry of Education, and any annexes to that contract in the various Iraqi governorates not organized into a region, from the contracting methods stipulated in the instructions for implementing government contracts (2 of 2014) and the conditions of the specialized standard documents issued by the Ministry of Planning.
The Council also authorized the Ministry of Education to purchase the property of the Iraqi school in Tunisia, as an exception to the instructions and regulations of the Central Education Fund, and its ownership would be owned by the Ministry of Education, with its financing and the authority to pay its debts from the Central Education Fund, as well as to form a joint committee from the Ministries of Foreign Affairs and Education regarding Iraqi schools abroad, and to submit its recommendations to the Council of Ministers.
Within the framework of developing educational staff, the Council approved amending Paragraph (5) of Cabinet Resolution (319 of 2022) regarding study leaves outside Iraq to include support for a scholarship program concerned with developing the staff of the Ministry of Higher Education and Scientific Research and ministries and entities not affiliated with a ministry, to fill the shortage in the number of teaching and functional staff who are referred to retirement, by allocating the necessary funds in the next budget, in a way that guarantees the Higher Committee for Education Development in Iraq (Educational Initiative) in the Office of the Prime Minister, sending study missions based on the provisions of the Scholarships, Fellowships and Financial Aid System (3 of 2018), in coordination with the Ministry of Higher Education and Scientific Research.
As part of the Cabinet’s follow-up to develop agricultural activity, the non-oil economy, and employ modern irrigation methods, the Council approved authorizing the Ministry of Agriculture to negotiate prices, technical specifications, and quantities, through the coordination committee formed with the Ministry of Industry and Minerals, to contract with the General Company for the Manufacture of Cars and Equipment, to equip modern irrigation systems of various types, from the support amounts amounting to (147 billion dinars), and at a support rate of (30%), as an exception to the contracting methods stipulated in the instructions for implementing government contracts (2 of 2014) and the instructions for facilitating the implementation of the Federal General Budget Law for the fiscal years (2023-2024-2025).
In the context of encouraging national industries and protecting local products, the Council approved that the customs duties imposed on chicken cuts and products be (25%), which were previously not included in the local product protection procedures, based on Cabinet Resolution (23154 of 2023), while maintaining the customs duties on frozen whole chicken at (25%) based on Cabinet Resolution (183 of 2022). This decision shall be implemented after (60) working days from the date of its issuance, by all border crossings, including those in the Kurdistan Region of Iraq.
The Council approved the authorization of the Minister of Finance to sign the financing loan agreement for the irrigation technology project for the benefit of the Ministry of Agriculture, received from ERST BANK, with a guarantee from the Austrian Export Guarantee Agency (OeKB), based on the Federal General Budget Law for the fiscal years (2023 - 2024 - 2025), and to approve the financing terms.
In the field of the Cabinet’s follow-up of efforts to develop agricultural aviation capabilities, the Council approved the cancellation of Cabinet Resolution (50 of 2020) and Paragraph 2 of Cabinet Resolution (23327 of 2023), and that the Ministry of Agriculture take the necessary measures to implement the following:
1- Direct invitations to no less than 3 international companies or centers specialized in aircraft maintenance; in order to conduct maintenance inside Iraq and prepare the required materials for the stopped agricultural aircraft and return them to work, as an exception to the instructions for implementing government contracts (2 of 2014), and the controls attached thereto, and the instructions for facilitating the implementation of the effective budget, in coordination with the Iraqi Civil Aviation Authority.
2- Qualifying pilots and technicians who are still in service to enable them to work on these aircraft, in accordance with the applicable aviation instructions.
3- Obtaining the required operating licenses for aircraft and their personnel from the Iraqi Civil Aviation Authority.
4- Completing the procedures of the lawsuits filed by the Ministry of Agriculture against the companies that supplied the French Eurocopter aircraft.
In continuation of the government’s approach to completing stalled and suspended projects, and removing the causes of procrastination, the Council of Ministers approved the following:
1. Increase the total cost and reserve amount for the contract (implementation of the bridged intersections and the surface layer of the approaches to the Hindiya Bridge).
2. Increase the total cost of my two projects (improving and developing electricity networks with equipping and installing transformers for different areas in the Tar area, equipping a specialized and service mechanism (lighting crane), equipping and installing transformers with a capacity of (400 and 250) kVA and specialized mechanisms with the construction of a D.W network/Karmat Bani Saeed District).
3. Increase the total cost and reserve amount for the contract (establishing the digital library for the contract (6/2012).
4. Creating a component (remaining work for the project to establish the Drug Research and Control Center).
5. Increase the cost of the main project (establishing and rehabilitating health centers and hospitals in Karbala Governorate/Center District, Hindiyah, Al-Hussainiya District, and Ain Al-Tamr).
The Council approved the donation of (10) Rafidain Bank explosives detection devices (RapScan type) to the Holy Shrine of Imam Ali (peace be upon him) (which had previously been delivered to the Holy Shrine of Imam Ali (peace be upon him) in a useable form), based on the instructions to facilitate the implementation of the Federal General Budget Law for the fiscal years (2023 - 2024 - 2025).
The Council also considered a number of topics on its agenda and took the following decisions:
First: Authorizing the Minister of Construction, Housing, Municipalities and Public Works to sign the exchanged letters for the Chinese grant provided to the Iraqi government in the amount of (53,650) million Chinese Yuan, in the form of specialized mechanisms and as stated in the exchanged letters between the Iraqi and Chinese sides, taking into account changing the signature formula to be in the name of the Ministry of Construction, Housing, Municipalities and Public Works, and not in the name of the Iraqi government, so that these exchanged letters are not considered an international agreement, and coordination with the Ministries of (Planning and Finance) in accordance with the provisions of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023-2024-2025).
Second: Cancel Cabinet Resolutions (581 of 2013) and (326 of 2014), due to the long period of time that has passed since they were not implemented and the lack of need for them due to the financial circ*mstances that surrounded the treasury at the time, and cancel Cabinet Resolution (24032 of 2024).
Third: Increasing the capital of the Real Estate Bank (500 billion dinars) to become (550 billion dinars), based on the provisions of the Public Companies Law (22 of 1997) amended, and the Ministry of Finance taking the necessary measures for implementation.
Fourth: Exempting the Civil Aviation Authority from the contracting methods in the instructions for implementing government contracts, with regard to programs and computers only, for the purpose of purchasing the authority’s management systems and air safety directly from specialized companies that produce these programs, purchasing licenses, computers and servers from authorized agents of the global company (Microsoft).
Fifth: The Ministry of Finance sold an area of (1750) square meters of the plot of land numbered (23 m9/Kurka Jal) belonging to it, to the Diwan of Endowments of the Christian, Yazidi and Mandaean Religions, based on the Law for the Sale and Lease of State Property (21 of 2013) as amended after estimating its value by the committee formed pursuant to the aforementioned law, and extinguishing a percentage of (50%) of the actual consideration in accordance with the provisions of the Federal Financial Administration Law (6 of 2019) as amended and Cabinet Resolution (23447 of 2023). LINK
Game of Patience: Clare thanks for sharing! This information reveals amendments being made to the 2024 budget!
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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20
BRICS 2024: 126 Nations Eyeing US Dollar Exit
Arcadia Economics: 8-30-2024
The October BRICS meeting is suddenly not that far away.
And now as Vince Lanci reports in today's show, we're up to 126 nations that are set to attend the BRICS Municipal Conference. Showing increasing interest in joining the bloc and moving away from reliance on the US dollar.
Vince also talks JP Morgan's gold comments, Nvidia's earnings, and the rest of the precious metals news this morning. To find out more, click to watch the video now!
BRICS 2024: 126 Nations Eyeing US Dollar Exit
Arcadia Economics: 8-30-2024
The October BRICS meeting is suddenly not that far away.
And now as Vince Lanci reports in today's show, we're up to 126 nations that are set to attend the BRICS Municipal Conference. Showing increasing interest in joining the bloc and moving away from reliance on the US dollar.
Vince also talks JP Morgan's gold comments, Nvidia's earnings, and the rest of the precious metals news this morning. To find out more, click to watch the video now!
Debt Crisis Spiraling Out Of Control | Alasdair Macleod
Liberty and Finance: 8-29-2024
Alasdair Macleod discusses the imminent financial crisis stemming from the Western world's escalating government debt, which now exceeds levels seen during World War II.
He highlights the dangerous debt trap where debt growth outpaces income growth, exacerbated by a lack of foreign investment and rising inflation.
Macleod warns that the U.S. dollar is in a precarious position, with rising interest rates and a potential recession contributing to economic instability.
He critiques the government's policies, particularly the approach to unrealized capital gains taxes, as a manifestation of the broader problem of currency devaluation.
Macleod underscores that gold is maintaining its value amidst this turmoil, driven by global shifts away from fiat currencies and central banks' increasing gold reserves.
INTERVIEW TIMELINE:
0:00 Intro
1:35 Topic outline
3:08 Debt trap
22:53 Stocks vs gold
33:15 Russia/Ukraine conflict
42:02 Macleod Finance
‘Middle-Class Squeeze’: U.S. Government Spending and Real Wages Are Under Pressure - E.J. Antoni
Kitco News: 8-29-2024
Jeremy Szafron, Anchor at Kitco News, interviews E.J. Antoni, a public finance economist from the Heritage Foundation and senior fellow at Unleash Prosperity.
In this discussion, Antoni dives into the U.S. economy’s current state, exploring whether recent GDP growth is sustainable or merely borrowing from the future.
Antoni provides his analysis on the real impact of inflation, the federal debt crisis, and the accuracy of government-reported job data.
The conversation covers the underlying vulnerabilities in the economy, from consumer debt at record levels to the challenges facing the labor market.
00:00 – Introduction
01:16 - Is GDP Growth Sustainable or Borrowing from the Future?
03:41 - Consumer Spending: Resilience or Credit Dependency?
06:32 - Inflation Driven by Government Spending
09:54 - The Growing Threat of National Debt
12:47 - Can We Trust Government Job Data?
15:33 - Small Businesses and Regulatory Burdens
18:23 - Middle-Class Erosion and Real Wages
21:48 - Recession Indicators: Are We Already There?
24:35 - Long-Term Stagnation: Lessons from Japan
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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20
Coffee with MarkZ and Mr. Cottrell. 08/30/2024
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Friday everyone.
Member: Well tomorrow is the last day of the week and the last day of August…..hope that is significant for us
Member: And today is the Friday before a holiday weekend. A 3 day weekend.
Coffee with MarkZ and Mr. Cottrell. 08/30/2024
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Friday everyone.
Member: Well tomorrow is the last day of the week and the last day of August…..hope that is significant for us
Member: And today is the Friday before a holiday weekend. A 3 day weekend.
Member: We have often heard that the RV is best to go o a 3 day weekend . But the whole world does not have a holiday weekend?
MZ: I have been told a 3 day weekend is easier to execute. In an ideal world they would flip the rates on a Saturday Night or Sunday morning and this would give them more time to prepare banking . It would just be easier to do it on a 3 day weekend for the biggest economies in the world.. At least that is how it was described to me.
Member: Is Redemption staff working this weekend?
MZ: Very quiet on the bond side and the group side, but the anticipation for this weekend is at a feverish pitch right now!! We will see what happens. We should know by midday on Sunday.
Member: Quiet is a good thing I think...
MZ: We are also getting inundated with a lot of fake news. This is to be expected.
Member: Can someone please remove the wheels from the RV goal posts ?
MZ: “ The commodity comeback-Secular bull just getting started” This is how it works when you are resetting from fiat. They are talking about a rise in commodities. Commodities are starting to rule the day. People are running to commodities…running from paper…they want something solid. This is how history has shown us over and over. We are watching it play out, but I admit it’s a little slower than I expected.
MZ: On August 28th- “Federal Reserve board Announces final individual capital requirements for all large banks effective on October 1st” That is Oct 1st of this year. They are getting tough on makng sure banks are secure. The minimum capital requirement is the same for each bank. 4.5% minimum capital for what loans they have out there. In other words. 95.5 % could be total BS.
MZ: The minimum stress capital buffer requirement…..the funds that banks can get their hands on quickly if there is a run on the banks is 2.5 %. So if there is a run on the banks….do you think only 2.5% of people are going to want their money out? That is silly….A lot more than that is going to want to touch and hold their cash …and know that it is safe. Most banks do not have these minimum requirements right now.
Member: If bank runs happen…….the PTB better be ready for huge riots, torchs and pitchforks….. and maybe some lynchings………The People of the world will rise up…imo
Member: Maybe that is what we need to get them to release the RV…..we need something.
Member: October 1st is the beginning of the New Fiscal Year!!
Member: Chase said yesterday all there banks are redeeming, you have to come in for the rate
Member: Will Iranian Rial be in the first basket?
MZ: There is a lot of back and forth on that. But right now- as of this morning I hear it is in it.
Member: Any lower denoms released in Iraq yet?
MZ: Not yet…But there are certainly preparations for lower denoms to be released on the streets.
Member: From what others are saying, all currency needs to go at once. No second baskets…
MZ: I don’t consider it as a second basket. I am told the majority of currencies will go initially …while others will have to go individually as their nations are prepared/ready. Some call that a second basket…..I don’t.
Member: US Debt Clock has shown the number of millionaires has grown by several thousand a day for the past couple of days!!
Member: Will we see an RV this year?
Member: Just a thought …911 in 2001 was to be the day this RV/Nesara/Gesara was to go, was stopped and stopped the world. September 11 is soon to be upon us. What do y’all think of this day??
Member: I don’t think the rv will go until the new US Treasury Notes backed by gold are out and being used.
Member: Maybe it all happens at the same time….
Member: IMO- the more that you pray the RV in, the quicker it will happen
Member: I am thankful that the Rv is happening this weekend -so by faith I call this thing forth
Member: hoping for all that can see this will be filled with joy knowing we will soon make a difference in the world
Member: Mark Z and Mark C are both AWESOME and thanks to both of you for your commitment to keeping us informed with the latest INTEL. God Bless both of YOU.
Member: Thank you, Mark for keeping us all grounded and our hearts in peace
Mr. Cottrell and CBD Gurus join the stream today . Please listen to the replay for their opinions and 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
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/
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.
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8
Good Morning Dinar Recaps,
HONG KONG launches PROJECT ENSEMBLE SANDBOX for wCBDC, tokenization
Today the Hong Kong Monetary Authority (HKMA) launched the Project Ensemble Sandbox to support institutional experimentation with tokenization, both traditional securities and real world assets (RWA). The initiative also involves an experimental wholesale CBDC (wCBDC) to enable interbank settlement between the tokenized deposits of banks.
Four banks are providing the tokenized deposits:
▪️HSBC, ▪️Standard Chartered (Hong Kong),
▪️Bank of China (Hong Kong) and ▪️Hang Seng Bank.
Good Morning Dinar Recaps,
HONG KONG launches PROJECT ENSEMBLE SANDBOX for wCBDC, tokenization
Today the Hong Kong Monetary Authority (HKMA) launched the Project Ensemble Sandbox to support institutional experimentation with tokenization, both traditional securities and real world assets (RWA). The initiative also involves an experimental wholesale CBDC (wCBDC) to enable interbank settlement between the tokenized deposits of banks.
Four banks are providing the tokenized deposits:
▪️HSBC, ▪️Standard Chartered (Hong Kong),
▪️Bank of China (Hong Kong) and ▪️Hang Seng Bank.
Other direct participants are Microsoft Hong Kong, Ant Digital Technologies (ADT) and Hashkey Group.
The Securities and Futures Commission (SFC)is partnering with HKMA for one of the four trial categories relating to fixed income and funds, where BlackRock and Franklin Templeton are amongst the ‘non community’ participants.
Julia Leung, SFC CEO saidthe Sandbox is an “example of how innovation and regulation can go hand in hand to blaze a new path for our financial markets.
As two major architects of Hong Kong’s financial markets, the SFC and the HKMA share the same vision and dedication to future-proofing the city’s financial system through innovative market infrastructure.”
Unlike stablecoins where payments involve a single token transfer, a tokenized deposit is a digital twin. Hence,a token transfer from the client of one bank to another also requires the banks to settle with each other in their off-chain books. That can be done with a payment using the conventional RTGS system, or ideally with a wholesale CBDC.
Liquidity, supply chain and green finance use cases
Meanwhile,another Sandbox application categoryis for liquidity management, including repo and treasury management. Ant International (not ADT), iscollaborating with StanChart and HSBC to develop a global liquidity management solution.
The goal is to use Ant’s Whale platform for treasury management to help the banks to exchange their tokens. Ultimately,this aims to support+ real-time 24/7 cross border payments.
Supply chain finance is an area to be explored in the Sandbox.One use caseinvolvesissuing electronic bills of lading (eBL) on the Global Shipping Business Network (GSBN) blockchain infrastructure.
These eBLs are tokenized by Ant Digital Technologies to support money movements for trade finance using tokenized deposits,with interbank settlement usingwCBDC.The ICC Digital Standards Initiativeis a participant in another trade related use case.
The fourth application area is for green finance,which attracted the most external participants (8) including local stock exchange HKEX.
Apart from these four areas, theHKMA said it would continue to engage with the community to potentially add more. Plus, it’s exploring collaborating with the BIS Innovation Hub on one or more themes.
The HKMA is also taking part in the European Central Bank wholesale DLT settlement trials.They aim to test the interoperability between the Project Ensemble platform and the Banque de France DL3S blockchain for wCBDC.
@ Newshounds News™
Source:Ledger Insights
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JUST IN: Elon Musk wins dismissal of lawsuit claiming he rigged Dogecoin and conducted insider trading.
JUST IN: Elon Musk wins dismissal of lawsuit claiming he rigged Dogecoin and conducted insider trading.
Source:@WatcherGuru
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Governments are scrambling to secure and safeguard their critical minerals.
Meanwhile, the majority of investors remain sleeping. Billions of dollars worth of minerals in the ground are trading at a fraction of their true value. This eventually will change.
Source:Gold Telegraph on X
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Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8
Car Dealers Hate When You Ask These 3 Questions
Cynthia Measom Updated Fri, August 30, 2024 GOBankingRates
Buying a car can be stressful. Dealers may use tried-and-true tactics to push you into a quick sale, but knowing the right questions to ask can put you in the driver’s seat.
According to Mark Beneke, co-owner of Westland Auto Sales in Fresno, California, some questions potential buyers ask might make a dealer uncomfortable because they can reveal more about the vehicle’s true condition and history. Here are three questions that some car dealers dislike — and why they’re so important for you to ask.
Car Dealers Hate When You Ask These 3 Questions
Cynthia Measom Updated Fri, August 30, 2024 GOBankingRates
Buying a car can be stressful. Dealers may use tried-and-true tactics to push you into a quick sale, but knowing the right questions to ask can put you in the driver’s seat.
According to Mark Beneke, co-owner of Westland Auto Sales in Fresno, California, some questions potential buyers ask might make a dealer uncomfortable because they can reveal more about the vehicle’s true condition and history. Here are three questions that some car dealers dislike — and why they’re so important for you to ask.
Can I Take the Vehicle to My Mechanic To Inspect?
Why Ask: Beneke said that a third-party mechanic can provide an unbiased assessment of the car’s condition, potentially uncovering issues the dealer might have overlooked or may not take care of as part of their process. “This will also give you some insight into the attitude of the dealership and their confidence in their work,” he added.
Why Dealers Avoid It: Beneke explained that if a dealer is aware of issues with the car or isn’t confident in the quality of the work they provide, they might be hesitant to allow you to take the car to your own mechanic.
How Long Has the Vehicle Been on the Lot?
Why Ask: “Most dealerships buy their inventory through a form of credit line, so for each day that the vehicle sits on the lot, they are paying and losing the potential to buy and sell other vehicles,” explained Beneke. “Because of this, they may be more willing to negotiate the price to move the inventory.”
TO READ MORE: https://www.yahoo.com/finance/news/car-dealers-hate-ask-3-130004635.html
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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 30 Aug. 2024
Compiled Fri. 30 Aug. 2024 12:01 am ESTby Judy Byington
It’s only wise to have at least a month’s supply of food, water, cash, medicine and essential items on hand for yourself, your family and to share with others in case of emergency.
Thurs. 29 Aug. 2024 Overview of GCR/RV …Charlie Ward and Friends on Telegram The following post is an overview for those who don’t know what this GCR/RV is all about. Most people think these three things are basically the same event, not true. Each one is different.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 30 Aug. 2024
Compiled Fri. 30 Aug. 2024 12:01 am ESTby Judy Byington
It’s only wise to have at least a month’s supply of food, water, cash, medicine and essential items on hand for yourself, your family and to share with others in case of emergency.
Thurs. 29 Aug. 2024 Overview of GCR/RV …Charlie Ward and Friends on Telegram The following post is an overview for those who don’t know what this GCR/RV is all about. Most people think these three things are basically the same event, not true. Each one is different.
The GCR – the Global Currency Reset – has two separate factors or parts of the whole even.
The First factor: two hundred and nine countries of the world have signed a treaty in 2014 and will reset the value of their currency through the Cross-Border Interbank Payment System (CIPS) to be on parity with all other nations of the world. That means the value of the one Dong will be the same as the value of one dollar, or any other national currency.
The real value will be felt in international trade. The Global reset means that Forex Trading for profit will be of little value as the reset will stabilize currencies and would not be subject to m**********n of currency by any government or corporation. It will affect the export markets as well, to accommodate a country’s balance of trade. Obviously, Fiat Currencies will never work in such a structured, internationally balanced.
Quantum Financial System (QFS): To accomplish this parity, a mathematical formula was created, by some very intelligent economist types (the QFS Super Artificial Intelligence), to take a conglomerate of economic data, apply a predetermined value to each data point and come up with a value for each country. This value, compared to other countries, has more to do with, the amount of currency put into circulation in that country, than it has to do with the value of its currency.
The, use factor, of the amount of currency in a countries economy, must balance the problem of supply and demand of currency while still maintaining consistent value within the international community. A problem of no small consequence for those who plan the world economy around currency and economical parity and how to accomplish this.
The Second factor in the reset, is digital Gold backed currency. To back the currency with Gold in the new QFS financial system means there is a digital Gold certificate that says you can exchange that piece of digital currency for a real piece of Gold. That means you can use either a piece of Gold or a piece of Gold backed digital money to make a purchase. Digital Money is used for convenience instead of carrying around Gold pieces. Both have the same value. The common denominator of the value of any currency is the backing of that currency by a valued commodity or asset.
While in-ground assets and other types of assets, as well as, the economy of the country, etc., plays into the parity of that currency, Gold is the most visible and universal standard to determine value. In the new QFS Digital Financial System, Gold is used as the leveling factor that buffers diversities within each country as compared to another.
As we Exchange our old Fiat currencies for the new Gold backed currencies, we are, in effect exchanging the entire old debt s*****y Financial System for a brand new, QFS Gold backed Financial System. The Central Bank of each country will once again be a part of their Treasury Department and not owned by outside private entities like the Federal Reserve Banking system, who function for their own greed and agenda. The old system is dead in the water just like an old Battleship that is no longer functionable and of little value, except for target practice.
The Gold, used by the Chinese Elders [The good guys! They’re not the c*****s!] – to create this new QFS digital money, stands as the backing for all currencies in the world. There is plenty of Gold or assets to back these currencies, in fact, more than sufficient to accomplish a new QFS monetary system for the entire world, and to flood it with asset backed digital cash. We get to say goodbye and good riddance, to the financial system of debt s*****y.
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Global Currency Reset: (Rumors and opinions) Thurs. 29 Aug. Bruce:
On Thurs. 29 Aug. 2024 there were solid but lower bank screen rates on the Redemption Center gray screens.
On Thurs. 29 Aug. 2024 the Global Financial System was fully implemented and ready to go.
All the banks have been totally integrated.
The Dinar rate was three times higher at a Redemption Center than it was at a bank.
The Dong rate was twice as high at the Redemption Center than it was at a bank.
Zim has to be redeemed at a Redemption Center, not a bank.
Tier4b should be notified to set appointments on Mon. 1 Sept.
Mortgages and credit card debt elimination was starting Wed, Thurs, Fri, 4,5,6 Sept. and will run to Sun. 15 Sept.
R&R should kick in the first week of September.
Global arrests are taking place right now.
The Forex comes up Sun. at 5pm EST with the new rates.
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Thurs. 29 Aug. 2024 Wolverine, “I’m absolutely excited. I wanted you to know it’s coming. It’s absolutely real.”
Thurs. 29 Aug. 2024 MarkZ: “Expect it anywhere from last Monday until September 4th.
Wed. 28 Aug. 2024: The new Quantum Financial System is the leading technology that applies and creates 100% financial security and transparency for individual currency holders. QFS assigns a digital number to every dollar/euro/yen fixed in all bank accounts worldwide. Digital numbers are monitored and updated in real time. In other words, it indicates when the sender and receiver accounts were recorded in the ledger (GPS verification). QFS lives with artificial intelligence. Artificial intelligence interacts with all financial transactions in the world, ensuring legal and intended power and transparency. Only gold or asset-backed currencies with digital gold or asset certificates will be transferred through the QFS. All gold/asset backed currencies are converted back to the gold or asset backing them.
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Global Financial Crisis:
Wed. 28 Aug. 2024: BREAKING NEWS ALERT: Warren Buffett’s $981 Million Bank of America Sell-Off: The Alarming Signal of an Imminent Market Crash! – amg-news.com – American Media Group
Wed. 28 Aug. 2024 Walgreens Shutting Down Thousands of Stores: https://unitednewsfront.com/winner/walgreens-announces-its-shutting-down-thousands-of-stores-customers-furious-inflation-broke-us-2/
Read full post here: https://dinarchronicles.com/2024/08/30/restored-republic-via-a-gcr-update-as-of-august-30-2024/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Bank friend talked to his boss and he says when you print new currency it raises your inflation. We have low inflation in Iraq. We don't want to raise it. We don't need any new zero notes. We have already spent over $50 million on printing new notes. FRANK: IMO those lower notes are so close to being given to the citizens of Iraq.
Fnu Lnu ...Crazy rumor is that the Dinar will be constant or fixed "In Country", but will float for the rest of the world. This is not true. The species of note in country will be the smaller denomination ONLY. However, the species of note for the rest of the world will include the three zero notes which will bear the same exchange rate. The only difference is that it will be multiplied by the thousands. (Three Zeros) There will be NO LOP! It has been repeatedly stated that both species will co-exist for a period of ten years. Nothing has changed since I was told this 14 years ago. Why these rumors start to surface periodically, usually when the RV seems to be imminent, is a mystery to me.
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Accelerating financing private sector Iqd
Nader: 8-29-2024
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