Dinar Recaps Blog Page — Dinar Recaps (2024)

High-Yield Savings Account Vs. Treasury Bill: Which Is Right For You?

Sarah C. Brady·Contributor Updated Tue, September 3, 2024 Yahoo Personal Finance

Both can be a great option for your savings, depending on your goals.

It was not too long ago that low-risk investments like Treasury bills were the underdogs of the financial world. While T-bills provide a safe place to store your savings while earning a fixed interest rate, they were simply not worth the low returns they offered — especially when compared to the flexibility of savings accounts.

Then, in 2022, something unusual happened: Interest rates started increasing, and they just kept on shooting upward, until the rates on some T-bills, and even savings accounts, passed 5%.

In 2024, anyone who wants to earn a competitive rate on their short-to-mid-term savings would be wise to consider both as options. Which one is best for you: A high-yield savings account or Treasury bill? The answer mainly depends on when you need your money back.

What is a high-yield savings account?

A savings account is a bank account designed to help you save money. These accounts typically earn more interest than checking accounts do, and they're very low risk since most banks insure your deposits up to $250,000.

The downside? Most savings accounts don’t pay much; the national average savings account rate is just 0.46% today. You might earn more interest by leaving your money in a time-bound account like a T-bill or CD, or by investing in the market. Inflation is also likely to outpace your earnings on a savings account.

One way to maximize what you earn on your savings is to use a high-yield savings account (HYSA). These accounts work just like traditional savings account, except they can offer rates as high as 5% APY or more.

See our picks for the 10 best high-yield savings accounts available today>>

What is a Treasury bill?

Buying a Treasury bill is sort of like making a loan to the U.S. government. T-bills pay you guaranteed interest based on the length of time you invest your money. Rates currently range from 4.23% to 5.27% with terms of four to 52 weeks. You can sell a T-bill before the maturity date, but you'll lose some of the interest you would have earned otherwise.

TO READ MORE:

https://www.yahoo.com/finance/personal-finance/high-yield-savings-account-vs-treasury-bill-140005833.html

Good Afternoon Dinar Recaps,

This lab is not just about regulation; it’s about encouraging innovation and making Qatar a central player in digital finance.

Qatar’s Ambitious Vision

Source:Cooinpedia

~~~~~~~~~

The partnership will enable Futureverse to offer a secure and compliant environment for Know Your Customer (KYC) verified access to decentralized finance (DeFi) via the Ottó blockchain.

This development is timely, given the rapid expansion of the crypto custody market, which is projected to approach $10 trillion by 2030.

Beyond custody services,Ripple offers a comprehensive range of solutions, including the secure storage of cryptocurrencies and digital assets, the off-ramping of stablecoins, and the facilitation of payouts in local fiat currencies across over 80 markets worldwide.

Moreover,Futureverse utilizes XRP as the network’s gas token and has integrated with the XRPL decentralized exchange (DEX)to provide network liquidity. The partnership between Ripple and Futureverse was further solidified in 2023 when Ripple took part in Futureverse’s $54 million Series A funding round, led by 10T Holdings.

This collaboration between Ripple and Futureverse highlights the ongoing evolution of digital asset management and the critical role that secure, compliant custody solutions play in the broader adoption of digital assets and blockchain technology.

Source:CoinTrust

~~~~~~~~~

UNLOCKING THE SECRETS OF HISTORICAL BOND |Youtube

@ Newshounds News™

Source:Currency Facts

~~~~~~~~~

Newshound's Currency FactsYoutubeandRumble
Newshound'sPodcastLink

Newshound'sNews Telegram RoomLink

Q & A ClassroomLink

Follow theRoadmap

Follow theTimeline

Seeds of Wisdom Team™Website

Subscribe toNewsletter

Thank youDinar Recaps

Tuesday 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

Meber: Good evening everyone. Are we there yet?

Member: Hello fellow RVers …..hope by end of this week we shall receive notifications

Member: The energy is high, and I know we are all praying it in, let's hope this is the week!! Right...

Member: Jentel- Mike Bara’s friend had some fun intel.. If true, this week should be exciting.

MZ: They have called in a lot of people doing a lot of due diligence and prep. Theres a lot of people preparing ….hoping it is not a nothing burger….but a something burger

Member: All those people who were told to fly to Reno and Zurich ….what a waste of time and money

MZ: I was hoping for an update from Reno by now…and have not gotten one.

MZ: From Banking people….they tell me they were told suddenly to start training more people on foreign currency exchange….I take that as a good thing. They had kept their training to smaller numbers up until not. It would make sense to me now that we are so close….for them to get more people ready to roll.

MZ: The only thing is that I have always been told that the RV is an event driven thing so we need something big to happen and that might just be it

Member: I hear they are showing iraqi’s lower denomination notes

MZ: I have any reports of cut sheets/samples and discussions of lower denominations….but I have yet to see one in circulation from people on the ground over there.. Folks in finance over there say they are preparing the people and training them….but not released them yet…..That is the key.

Member: Mark I saw an article about Iraq now being able to trade in other currencies international. Don’t they have to be on forex for that ?

Member: !3 banks over there are set up for foreign currency exchanges. Saw an article on that a few days ago.

MZ: Suddenly they are operating as if they were already in the WTO. And yes…13 of their banks can now take international exchanges. It’s curious and I think tells us how close we are.

Member: Hi Markz. Lots of truthers arguing that people here in the US trying to guess the day this will happen are actually holding it up. I don’t buy that

Member: I don’t think they even care about us…..we are just not that important to them…imo.

Member: Thanks to everyone…..enjoy your evening folks and keep the faith.

CBD Guru’s join the stream tonight . Please listen to replay for 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

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.

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Youtube: https://www.youtube.com/watch?v=QivtFwYNf54

Good Morning Dinar Recaps,

SBI To Provide Metaplanet With Custody And Trading Support
Metaplanet — known as “Japan’s MicroStrategy” on Crypto Twitter — has joined forces with SBI VC Trade, a division of Tokyo-based SBI Holdings.

The collaboration gives Metaplanet access to SBI’s compliant custodial services, designed to prioritize tax efficiency and provide the potential to use Bitcoin as collateral for financing.

Like MicroStrategy, Metaplanet’s focus has so far been on the apex cryptocurrency, Bitcoin. Nevertheless,SBI and Metaplanet’s joint venture has sparked hopes for XRP enthusiasts that their favorite crypto could soon secure a place on the company’s balance sheet.

Source:ZyCrypto

~~~~~~~~~

~~~~~~~~~

The S-1 form is a crucial document for issuers in the U.S., requiring comprehensive disclosures such as income statements and cash flow statements before introducing a new securities product.

Uyeda questioned why the same tailored approach isn’t applied to digital asset securities, arguing that the SEC has the flexibility to create such changes.

He expressed frustration over the agency’s failure to provide more supportive frameworks for digital asset sponsors, which often leaves them in a regulatory “catch-22.”

Despite these challenges, Uyeda clarified thatthe decision to classify a product as a security under federal regulations remains with the issuer.

However,there is ongoing uncertainty about whether cryptocurrencies fall under the SEC’s jurisdiction as securities.

Ripple, along with other companies like Coinbase, has argued that the SEC has not provided clear regulatory guidelines for digital assets. Uyeda’s comments reflect his dissent from the SEC’s decision to deny Coinbase’s rulemaking petition, which sought clarification on what constitutes security in the digital asset space.

Uyeda hopes that either current SEC Chairman Gary Gensler or his successors will recognize the growing regulatory uncertainty around digital assets and take steps toward developing clear legislation or rulemaking.

~~~~~~~~~

BRICSX REVOLUTIONIZING GLOBAL FINANCE |Youtube

@ Newshounds News™

Source:

~~~~~~~~~

CURRENCY REVALUATION EXPLAINED VND, IQD |Youtube

@ Newshounds News™

Source:

~~~~~~~~~

Newshound's Currency FactsYoutubeandRumble
Newshound'sPodcastLink

Newshound'sNews Telegram RoomLink

Q & A ClassroomLink

Follow theRoadmap

Follow theTimeline

Seeds of Wisdom Team™Website

Subscribe toNewsletter

Thank youDinar Recaps

He added, "Thestate in the modern era reserves part of its external reserves that support the national currency ingold.

For example,Iraq reservesabout148 tonsofgold, which constitutes10%of its foreign currencyreserves."

During last February, Iraq's gold reserves witnessed a noticeable increase, asInternational Monetary Funddata showed that Iraq had increased its possession of the precious metal by 3,079 tons, bringing the total to 145,661 tons. He continued,

"Reservesare adiversified investment portfolioingoldandcurrenciessuch as thedollar,euro,pound,yuan,yen, andothers," describing

thisdiversityas "based on basic global evidence, and it is not arbitrary." He pointed out,

"This evidence was donein agreementwith theInternational Monetary Fund, in terms of themonetary gold ratiosthat support and are considered a cover for theIraqi dinar." He stressed that

theglobal standardfor this is10%, adding thatgold“is not easy for quick payments and other transactions, and it is heavy, but

it is part ofprotecting reservesandconfronting fluctuations in currency values.” He stated,

“The cycle of gold assets is slow, so keeping it protects reserves from currency fluctuations, and

Iraq is not a maker of the price of gold in global markets, but rather a recipient, because we are not a country that possesses golden wealth, but rather

we importgold,so the entry of gold into Iraq is good wealth.”

Better than introducing consumable goods that have no value and deplete resources.

Gold is a “precious wealth for the future,” noting that

“thegolddiscovered in the world is approximately 75%, and

it islimitedandnot widespread,

socentral bankspay tokeep a minimum amountofgold.” He stressed,

“Thepolicyofencouraging the entry of gold intoIraqisto import wealth, and

as assets represent good stores of wealth, so the state encourages that and the customs taxes on it are moderate,” indicating that

“thegold marketsinIraqdepend on two things:

itspricein the world and the
extent to which thedollarrises or falls, and

we receive Foreign visas worth the value of gold and the dollar,” he said, adding that

encouraging the flow of gold to Iraq “is a good thing.

Recently, the price of gold has risen in Iraq, as the price of weights (5 grams) exceeded 500 thousand Iraqi dinars.”

https://alforatnews.iq/news/مستشار-السوداني-يفصل-اسباب-تقلب-اسعار-الذهب-في-العراق

The Ministerial Council For Economy Holds A Meeting Headed By Fouad Hussein And Issues A Number Of Decisions

Monday 02 September 2024 Economic Number of readings: 123 Baghdad / NINA / The Ministerial Council for the Economy issued a number of decisions regarding residential complexes and groundwater projects in a meeting held today.

A statement by the Ministry of Foreign Affairs stated that Deputy Prime Minister and Minister of Foreign Affairs, Chairman of the Ministerial Council for the Economy, Fuad Hussein, chaired the twenty-seventh session of the Ministerial Council for the Economy, which was held in the Ministry of Planning building, in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Agriculture and Trade, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, the Chairman of the Securities Commission, the Undersecretary of the Ministry of Oil, and the Prime Minister's Advisors for Economic and Legal Affairs.

He discussed the items on its agenda and took the necessary decisions regarding them. "

The Council hosted, according to the statement, the Director General of the Housing Department at the Ministry of Housing and Construction to discuss the issue of stalled residential complexes projects and discuss the best ways to complete those projects.

The Council decided that the Ministry would announce the sale of those residential complexes and calculate the values ​​of the amounts spent as a starting point for competition between investors when submitting their offers."

The Council also hosted the Director General of Planning and Follow-up and the Director General of the General Authority for Groundwater at the Ministry of Water Resources to discuss the issue of the random use of groundwater and organize it.

The Council decided to submit a clear and detailed study on the groundwater map, and to prepare controls and mechanisms for granting approvals for drilling wells in coordination with the Ministries of Agriculture and Industry and Minerals, in addition to including artesian well drilling equipment in the import license after the approval of the sectoral authority.

The Council decided that the Ministry of Water Resources would prepare a detailed study for the projects (Irrigation of Amara and Reclamation of the Middle Tigris).

The Council also hosted the head of the Central Organization for Standardization and Quality Control and the head of the Federation of Iraqi Chambers of Commerce to discuss the implementation of the Council’s decision regarding granting the Iraqi quality mark and the tracking tape for goods (barcode), which has entered into force.

The Council recommended, according to the statement, that the Council of Ministers approve the allocation of an amount of (3) million dollars to secure and update the systems of the Iraqi Depository Center at the Securities Commission.

The Council also decided, based on the request submitted by the Federation of Iraqi Industries, to recommend to the Council of Ministers that the customs duty on ground plastic granules and plastic granules be (0.5%).

The Council approved, according to the statement, the request of the Spanish company Imathia, which is implementing the Basra-Shalamcheh railway line, to provide a performance guarantee of 5% of the contract value within 21 days from the date of signing the contract, based on the instructions for implementing government contracts, and to emphasize to the Ministry of Transport that this line be used exclusively for transporting passengers.

The Council also approved the completion of the project to establish a building for female students’ dormitories at the University of Baghdad, and approved the increase in the total cost of the projects to equip specialized mechanisms for the municipalities of Ramadi and Fallujah, and to establish a water project for government departments in the 7-kilometre area in the city of Ramadi. / End 2 https://ninanews.com/Website/News/Details?key=1151401

Work ban

September 02, 2024 It was decided not to allow those whose information is listed in the attached table to work in all licensed ( licensed banks, exchange companies category (A, B), brokerage companies for buying and selling foreign currencies, small and medium enterprise financing companies, financial investment companies, and electronic payment companies ), due to their violation of the controls regulating the work of exchange and brokerage companies. Buying and selling foreign currency No. (1) amended for the year 2022..For more, click here https://cbi.iq/static/uploads/up/file-172527808018855.pdf

https://cbi.iq/news/view/2662

For current and reliable Iraqi news please visit:https://www.bondladyscorner.com/

TNT:

Tishwash: Proposal to cancel SWIFT and replace it with relations with the international banking network

US Treasury praises Iraq's progress in monitoring transfers and selling dollars

The US Treasury Department praised the remarkable progress made by the Central Bank of Iraq in strengthening control procedures over foreign transfers and cash sales of the dollar, while considering that these steps contribute to strengthening financial and economic stability in the country.

Auditing companies

A statement by the bank received by (Al-Zaman) yesterday said 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, including international auditing companies, who praised the major transformations achieved by the Central Bank, represented by the remarkable progress in the procedures for monitoring foreign transfers and cash sales of the dollar currency)

Adding that (this 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, financing terrorism and financial crimes)

And pointed out that (a meeting will be held between bank officials and its international partners by the end of this year regarding the major transformation 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 developed by this bank, and implemented internationally, which will allow the Central Bank and the Federal Reserve Bank to exercise their supervisory roles Away from the executive procedures

This transformation will have important repercussions on the stability, fluidity and transparency of the country’s foreign trade financing operations,” he continued, adding that “this step will contribute to achieving the required stability in exchange rates, which in turn will lead to enhancing the efficiency of the financial system in Iraq.”

The statement stressed that “the meetings also addressed the mechanisms for expanding the network of international correspondent banks and qualifying Iraqi banks to meet the necessary requirements for opening 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.”

A source had previously revealed an unannounced visit by the Central Bank to the United States of America to discuss developments in the Iraqi banking sector.

Banking sector

The source said in a statement yesterday that (a delegation from the Central Bank, led by Al-Alaq, and a number of general managers, visited the United States of America, since the 26th of last month, to discuss developments in the banking sector and the restrictions on the use of the dollar imposed on a large number of private banks)

And he continued that (the Central Bank delegation discussed canceling the platform at the beginning of next year, and relying on correspondent banks, which will increase the imposition of restrictions on Iraqi private banks, and completely eliminate competition in favor of Jordanian banks that have American correspondent banks), noting that (the Central Bank is close to signing a contract with Oliver Wyman, the consulting company for the Iraqi Development Road, to conduct a study on reforming the Iraqi banking sector, and in order for it to be approved by the bank as a roadmap for reforming the private banking sector).

The dollar exchange rate rose slightly in the Baghdad and Erbil stock exchanges. Money exchange office owners said yesterday that “dollar prices rose with the opening of the Al-Kifah and Al-Harithiya stock exchanges to record 149,200 dinars for every hundred dollars.” They added that “selling prices in exchange offices in the local markets in Baghdad stabilized at a selling price of 150,000 dinars, while the purchase price reached 148,000 dinars for every hundred dollars. As for Erbil, the stock exchange does not trade on official holidays, but the dollar recorded a slight increase there.” link

**

Tishwash: More than a trillion dinars in Iraqi customs revenues in half a year

The head of the Iraqi General Customs Authority, Hassan Al-Akeili, revealed on Tuesday that more than one trillion dinars were achieved in revenues during the first half of the current year, indicating that this amount will double by the end of the year.

Al-Akeili told Shafaq News Agency after attending a reception in the House of Representatives, "Today, we attended a reception session in the Parliamentary Finance Committee and reviewed the most important activities of the Customs Authority during the past and current years, most notably the automation project."

He added, "The General Authority of Customs' revenues in 2023 amounted to one trillion and 33 billion dinars, an increase of 28% over the previous year."

He added, "During the first half of this year, the Authority's revenues reached 1.145 trillion dinars, and by the end of the year we will reach the set amount of 2 trillion dinars."

Al-Akeili stressed that, “According to the budget law, the amounts collected from customs are measured annually, and if the amounts achieved by the authority are measured, we are within the acceptable percentage link

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

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

Militia Man Back in the old days...when Saddam Hussein was around, when their valuations were out [$3.22], they were valuing based off of what? Oil. They didn't have non-oil revenues. Times have changed. They need to renew all of that...They've had plenty of time to do research and analysis to...provide an appraisal for the people that need to know the numbers.

Clare Article: "Prime Minister's Advisor Announces Increase in Non-Oil Revenues Compared to Previous Years" Quote: "Saleh...oil revenues (semi-annual) for the year 2023 amounted to 53.88 trillion dinars, while non-oil revenues amounted to nearly 0.42 trillion dinars (during the six months of the same year 2023)," indicating that "oil revenues in the first half of the year 2024 amounted to 58.80 trillion dinars, while non-oil revenues (at the end of the first half of the year 2024) rose to reach 7.18 trillion dinars"

BEWARE Gold and Silver STACKERS! IMMINENT Market Meltdown Coming - Schectman, Rule, Macleod

HTZ Cap: 9-2-2024

In today's episode three financial experts: Alasdair Macleod, Andy Schectman and Rick Rule shared their insights on the latest developments in the commodities market.

https://www.youtube.com/watch?v=MG2bQIx0amk

LIVE! The U.S. DOLLAR DEATH CONTINUES AND THE ECONOMY IS IN RAPID DECLINE.

Greg Mannarino: 9-3-2024

https://www.youtube.com/watch?v=70ulREIeO2s

DJ: DID YOU KNOW?

Sept 1st Post 2024 ( Why the GCR will Happen)

Through all the F-Flags and guesstimated time frames, concerning the release of the GCR, that have failed to manifest, we cannot lose track of the fact that it not only is going to happen but has to happen.

At the core of the GCR proposition lies the desire to rectify the distortions caused by decades of quantitative easing and excessive money printing by central banks. The overproduction of fiat currencies has led to inflationary pressures, devaluation, and growing public debt burdens, eroding trust in existing monetary frameworks. Making the transition to a more robust system is required.

Such a monumental shift entails a comprehensive reevaluation and realignment of world currencies, aiming to address systemic imbalances and restore stability.

The reason it has to happen is apparent. The global financial system, as it stands, is riddled with inefficiencies, vulnerabilities, and inequities that stem from decades of reliance on flawed mechanisms. These issues, including rampant inflation due to excessive money printing, the centralization of power in a few key institutions, and the instability of fiat currencies, demand a comprehensive overhaul.

To fix the system, a multidimensional approach is necessary, addressing how money is valued, the forms of currency in use, and the infrastructure that supports transactions.

A fundamental problem with the current system is the reliance on fiat currencies, which are susceptible to manipulation and inflation. To address this, the value of money needs to be anchored to a stable and universally accepted benchmark, such as a basket of commodities (including gold, silver, and other tangible assets) or a diversified portfolio of global economic indicators.

This will reduce the volatility inherent in fiat currencies and discourage irresponsible monetary policies that lead to devaluation and economic instability.

The future of currency is leaning towards digitalization, but with important caveats. Electronic currencies offer significant advantages, including efficiency, traceability, and security. However, they must be designed with robust privacy protections and decentralized governance to prevent a***e by centralized powers.

Blockchain technology, with its transparent and unchangeable ledger, presents a foundation for such a system, provided it is scaled to accommodate global usage and its energy consumption is managed sustainably.

Even though the world moves toward digital currency, printed currency will not be entirely eliminated. It remains crucial for ensuring financial inclusion, especially in regions with limited access to digital infrastructure. A hybrid system, where digital currency is the primary medium but printed currency is available for specific situations, is the balanced approach.

The current payment systems are outdated, slow, and expensive, particularly for cross-border transactions. A reformed financial system will employ advanced technologies like blockchain or other decentralized ledger systems to facilitate fast, low-cost, and secure transactions across borders. The key here is interoperability, ensuring that different systems can communicate seamlessly, reducing friction in global trade and investment.

Fixing the global financial system is no small task, but by anchoring money to stable, tangible assets, transitioning to a primarily digital currency system with controlled physical currency, and overhauling payment systems with cutting-edge technology, we create a more stable, fair, and efficient global economy.

In the end these are all mechanisms needed to complete a GCR. But before these mechanisms can be implemented there must be a substantial cultural shift. Cultural acceptance of new technologies, such as blockchain and digital currencies, is critical. This requires overcoming fears and skepticism about digital transformation, especially concerning privacy, security, and the role of traditional institutions. A cultural shift towards embracing innovation, transparency, and decentralization is necessary before these technologies can be effectively integrated into the global financial system.

In our desperation to see the baby we forget there has to be a pregnancy first. Everyone keeps saying the baby is here, but when we ask to see the baby, it’s always “no she is still in labor”. In reality the planet is still working on the relationship ( Cultural Acceptance) and we are just now getting to the get pregnant part.

As for me, skip the pregnancy and show me the baby!!!

DJ

https://dinarchronicles.com/2024/09/02/the-office-of-poofness-weekly-report-update-from-poof-susan-and-dj-9-2-24/

Coffee with MarkZ and Andy Schectman. 09/03/2024

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: Good morning Mark, Mods and RV family

Member: So another 3 day weekend bites the dust.

Member: Hoping Mark has big RV news today .

Meber: What is your feeling on why this never comes to fruition? Are we now waiting for the election. Man this is hard.

MZ: I don’t think we are waiting on the election. I think things are being forced through as we speak.

Member: The Greatest Stall of All-Time...Iraq

Member: I'm super positive that this is our WEEK. I'm feeling "by Friday" for notifications to make appointments. My vibes.

MZ: I would not be surprised if your feelings are accurate.

MZ: “Iraq admitted by the order of the IMF that they have to back up their currency” Currencies with gold to face the fluctuations of currencies. The IMF is pushing Iraq to purchase ore gold.

MZ: For anybody paying attention….We are going to a gold standard. Just like Denmark Central bank told you- “we are preparing for the inevitable creation of a new Gold Standard.”

MZ: It is coming. The Philedelphia office of the Fed penned a similar article saying “The only answer to all of this os to go to a gold backed currency. That is where we are headed.

MZ: Iraq is being pushed by the IMF to do this. The IMF is seeming going counter to the Federal Reserve right now and pushing commodity rich nations to go gold backed. Read the writing on the wall. The fiat world is coming to an end.

MZ: We do not know the timing …but we know it is happening. Some time in the next week or two we could see a massive correction in our markets- which would most likely force this event…..The closer we get to this -the more I think they are going to implode the markets to reset them and make re-pricing easier…. .

MZ I am very curious to see what progress they have made today.

MZ: I have a number of excited Bond people, Group people and Indian Nation People, Prosperity Package People and CMKM people going into today…..They say the next 24-48 hours should be very telling of where we are at in the process…..

Member: I heard Zimbabwe is already gold backed???.

MZ: Zimbabwe has done something in between. When you look at what Zimbabwe, BRICS and CIPS has done….Look at the new MBridge and XRP has done with cross-border payments…..The plan 20 or so years ago was to create a fail-safe system that would occur on its own if the fiat world refused to do the right thing and reset…So a plan was put in place to bypass the SWIFT system ,The Federal Reserve, and Rothschilde banks that refuse to go quietly into this good night….……and we see that happening…

MZ: CIPS is for moving money and an asset backed options that people will naturally want to use when inflation starts running…..Which system do you want to keep your money??? This system was created to be a safety net under the worlds finances…..and alternative for when fiat crashes…..and I very much believe it will look like doomsday or an apocalypse in the financial markets…. And then we will get the official reset. I think that trigger will hit us this month..I could be wrong…but think the trigger hits this month and forces the change….

Member: Personally I wish we all could join BRICS.

Member: Will the RV wipe out debt?

MZ: It is my understanding –yes. If we look at this historically –every time they have gotten off fiat for god backed or commodity backed money…it has wiped out debt. Part of the reason they have to reset is debt has become untenable. This is a worldwide bankruptcy. They have to erase debt before they can reset…..to get to an even starting point…and start again..

Member: I hear we are waiting on bond folks to get their background check completed?

Member: Heard Bond holders have exchanged their bonds, BUT, they have yet to be ALL receipted in the QFS. Bondholders go through a a series of background checks and have their bonds verified.

Member: Receipted in the QFS means the bonds are assigned a physical serial number based on lot size (gold bar) and gets registered to that bar or asset.

Member: That bond now becomes a 'soliditity of funds' and is ready for disbursem*nt by the QFS. This is what I call logistics of funding.

Member: October 1st all banks must be Basel 3 compliant

Member: October 1st is also the first day of the new US fiscal year…..

Member: A prayer before I go: Dear God, please show Iraq Dinar and VND on Forex later today with wonderful news for us all. in Jesus' name. Amen!

Member: Wishing all the most beautiful day you have ever had!!!

Andy Schectman from Miles Franklin joins the stream today. Please listen to the replay for his 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!

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

Youtube: https://www.youtube.com/watch?v=aMa6u-RdBeI

Here’s Why Having 2 or 3 Bank Accounts Isn’t Enough, According to Money Expert Martin Lewis

Vance Cariaga Mon, September 2, 2024 GOBankingRates

Although there are vast differences in the amount of wealth Americans have amassed, one thing almost everyone has in common is a banking relationship. Nearly 96% of U.S. households have a checking or savings account at a bank or credit union, according to the latest FDIC data.

Research from Consumer Affairs showed that the average consumer had a total of 5.3 accounts across financial institutions as recently as 2019, though many have only one or two.

More Bank Accounts Could Mean Better Money Management

If you belong to the latter group, then financial guru Martin Lewis recommends adding more accounts. Lewis, founder of the UK-based MoneySavingExpert website, recently said on his podcast that you might benefit from having 10 accounts or more, The Express reported. He compared savings accounts to a “tower of champagne glasses” where you fill one glass and then move on to the next.

“The perfect way to save is you pour your money into the account that pays the most,” Lewis said. “It might be tax-free, it might be because it only allows a small amount. Once you fill that, you trickle down to the next level then trickle down to the next level.”

He conceded that this system is not necessarily for everyone — mainly because it requires hard work to stay on top of it.

“The biggest sin in savings is that most decent rates only last for a year or so and then you have to be on top of it to ditch and switch when it ends,” Lewis added. “It’s only for the type of people who will be constantly on top of it, maybe even modelling it through a spreadsheet to manage it well. Most people want a simpler solution with two, three, maybe four accounts at most but not going into 10 different accounts.”

TO READ MORE: https://www.yahoo.com/finance/news/why-having-2-3-bank-200019928.html

Revealing The Total Value Of The “Theft Of The Century”

September 2, 2024 Baghdad / Iraq Observer Today, Monday, anofficial source revealed the total amount of the theft of tax deposits, while indicating thatthose involved in facilitating the checks were placed in prison. The source said, according to the official agency:

“Thetotal amount of the theft of tax deposits amounts to 3 trillion and 800 billion and 57 million dinars.” [$2,900,806,870 USD] He added, “This amount was stolen via checks from the depository bank account at the banks and belongs to various foreign companies.”

He stated that “all the names that facilitated the process of issuing the instruments within the Tax Authority have been arrested and are now in prison,”

pointing out that a Chinese company, among the companies that were deposited with the tax deposits, confirmed that it had not been granted any transfer letters allowing the withdrawal of these amounts.

The head of theIntegrity Commission, Haider Hanoun, had previously confirmed that theMinistry of Financeand theGeneral Tax Authorityprovided us with the amount of the theft of the century, indicating that thetheft of the century contains within it“the head of corruption.” https://observeriraq.net/الكشف-عن-القيمة-الكلية-لـسرقة-القرن/

Corruption In Iraq With “Political Protection”.. Parliamentary Bloc: We Identify The Corrupt And Cannot Hold Them Accountable

Politics | Yesterday, 10:02 |Baghdad today – Baghdad Today, Monday (September 2, 2024), the Parliamentary Amal Bloc confirmed thatthere isprotection for some corrupt and negligent peoplethat prevents theIraqi Council of Representativesfrom exercising its role in holding them accountable.

The head of the bloc, Representative Yasser Al-Husseini, told “Baghdad Today” that “there are negligent people and there are many great suspicions of corruption in various ministries and on the work of some ministers, but

at the same time there is political protection that prevents these people from being held accountable and interrogated in theHouse of Representatives, by the controlling parties.” On the governmental and parliamentary scene. Al-Husseini stated,

“Many of therepresentatives and parliamentary committees identify many cases of negligence and suspicions in the work of the ministries and some officials,

but any move by these representatives results in pressure to prevent any move for accountability or interrogation, and

for this reason you find the House of Representatives without a real oversight role due to the political protection of negligent and corrupt people.”.

Iraq is classified among the most corrupt countries in the world, in the Corruption Perceptions Index for 2023 issued by Transparency International, asIraqranked fifth among the most corrupt countries in the world.

The former Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Plasschaert, confirmed during her recent briefing on Iraq before the UN Security Council that corruption is still continuing in Iraq, noting at the same time that its treatment is not at the required level.

This was also confirmed by the German Ambassador to Iraq, Christiana Homann, in her first appearance after assuming the position, where she said,

“Yes, there are German investors who were asked to pay some kind of bribes and royalties in exchange for obtaining contracts, but they did not pay, as the matter is illegal in our country and they will be punished.” The law if they do so.

Iraqi officials do not deny the existence of rampant corruption in state agencies, through their political speeches and seminars to the media.

Everyone knows that the only issue that thepolitical forces participatingin thegovernmenthaveagreed upon is dividingtheministriesandstate institutionsandturning them into sourcesofrentforthem.

Thisdeep-rooted corruptionis aserious obstacle to the country's development, undermining people's confidence and paralyzing all efforts to provide basic services to citizens, according to observers.

https://baghdadtoday.news/257005-الفساد-في-العراق-بـحماية-سياسية.-كتلة-نيابية-نشخص-الفاسدين-ولا-نستطيع-محاسبتهم.html

A Legal Document Detailing The Opening Of Corruption Files In Previous Governments

September 2, 2024 Baghdad/Iraq Observer Followers commented on the government’s efforts to fight corruption by saying:

“This is credited to the government of Muhammad Shiaa Al-Sudani, which has shown a significant decline in corruption operations and in various official sectors, while they indicated that

those who work to distract it from its national approach confirm that it is from the opposite side of some of the parties that were attacked.” Its interests, which have no balance due to it. They said:

“The campaigns aimed at arousing public opinion and obstructing the state’s work in various fields mean that there are those who insist on backwardness and barbarism,” while

they commented on the inaccurate information that was provided to divert the investigation from its correct path, and that

direct accusation of the government regarding issues that are now subject to judicial review.

“It confirms once again that they have been banned and may be involved in corruption cases.”

And you have life in retaliation

In turn, legal researcher Ali Al-Tamimi confirmed:
“TheSudanese President’s opening of an investigation into the raised cases of corruption, eavesdropping, fraud and fraud in previous sessionsis a legal procedure in accordance with Article 17 of the State Employees Discipline Law and also Articles 15 and 16 of the Cabinet Regulations 2 of 2019.”

Al-Tamimi told the “Iraq Observer” agency that what the committee decides is what is binding either on referring the accused to the judiciary and everyone whose name appears in the investigations or making administrative decisions regarding withdrawal and residency, and

this approach is what the Sudanese government clearly confirmed in the ministerial curriculum. The legal expert explained:

“The major campaign launched by theIntegrity and Crime Follow-up Commissionin accordance with the principle that no one is above the law, including those accused of special degrees, whatever they may be, is an approach that is consistent with the goals of criminal punishment that aim to deter and achieve social justice.

It is also consistent with the philosophy of criminal law that It aims to prevent the commission of crimes in the future, according to the principle of cleaning the ladder from top to bottom. According to Al-Tamimi:

“This campaign needs to be implemented retroactively, especially since these crimes are not subject to statute of limitations or the passage of time, and

they relate to public funds in accordance with Article 27 of the Iraqi Constitution, and it follows an internal and external line in terms of recovering the accused and the funds.”

The legal expert pointed out that this needs to be accompanied by a media and awareness campaign about the seriousness of these crimes and their harsh punishments according to Iraqi laws. Also,

we should not forget the role of clerics and schools and we suggest that these crimes be taught in schools and colleges, to work according to a future strategy. He stated:

“TheIntegrity Commissionalso dared us with another principle, which is money before the accused, and it also helped in recovering the looted money internally and externally.

What Do Foreign Oil Companies Have To Do With The Theft Of The Century? Expert Explains

August 29, 2024 Baghdad/Iraq Observer Many countries suffer from the phenomenon of tax evasion, as it is something that these countries are accustomed to.

The issue of evading taxes by some companies is normal and possible, but what is happening in Iraq is an attempt to extend the responsibility for financial violations to these companies.

Although financial violations were detected in the taxes paid by foreign oil companies during the period between 2017 and 2021, they are considered accumulations over several years.

In this regard, Hammam Al-Shamaa, professor of economics at the University of Baghdad, confirmed that the process of tax evasion or the presence of violations between the amounts calculated by the General Tax Authority and what the companies charged with paying the tax are trying to evade as much as possible is a normal issue. Al-Shamaa told the Iraq Observer,

“The laws in Iraq are not so strict as to make tax evasion a major crime and entail severe penalties, and the tax evasion or violations referred to by the Financial Supervision Bureau are accumulations that have resulted over several years, amounting to approximately 350 billion dinars.”

He added, “These violations are not always in the interest of the state.

The General Tax Authority, through the assessor or the responsible party such as the company’s accountant, carries out a kind of bargaining with the company in question to reach an agreed upon number, after which payment is made by the company.” He continued,

“But it also appears that the General Authority for Taxes has not held companies accountable, as it has made money accumulate such that tax deposits have become idle, and

there is an attempt to shortchange companies, not just Nour Zuhair with the scandal of theft of the century and tax deposits, as some are trying to extend responsibility to companies.”

The annual report for 2023 issued by the Financial Supervision Bureau revealed that there were differences of more than 366 billion dinars between the amounts calculated by the General Authority for Taxes based on the books of the Ministry of Oil and the amounts paid by foreign companies.

https://observeriraq.net/بشأن-المخالفات-الضريبية-معني-بالشأن-ا/

For current and reliable Iraqi news please visit:https://www.bondladyscorner.com/

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.

Global Currency Reset: (Rumors/ Opinions)

Mon. 2 Sept. 2024 MarkZ: “We are hearing all kinds of rumors that everything started ripping on Sun. 1 Sept. and they are “releasing the hounds of the RV.” Tons of rumors. Tons of contacts saying “This is it.” There are a substantial amount of rumors that Indian Nations are about to have funds released to their people…along with alerts for Fines and Penalties, CMKX, and Prosperity packages. I am hearing extremely positive things for today and tomorrow on F&P’s.”

Mon. 2 Sept. 2024 Wolverine: “Everything is ready to go. Everything is in place. Good news coming out of Zurich. Get ready for tomorrow Tues. 3 Sept. …On Sun. 1 Sept. the Banking sector was notified that the mechanism to exchange foreign currencies and Securities has gone live. We are finally here. God bless.” Your friend, Wolverine.

At a Thurs. 29 Aug. 2024 Central Bank meeting it was decided that the start for the Global Currency Reset of 48 countries will be Tues. 3 Sept. 2024.

Managers will receive monies from Wed. 4 Sept. 2024 through Fri. 13 Sept. 2024.

Mon. 2 Sept. 2024 CONFIRMED! The QFS Rollout is Forcing Banks to Redistribute Wealth Right Now—Inside the Secret Meetings of Banking Elites! – Gazetteller

~~~~~~~~~~

(Note: Just because there is a “Big Name” attached to intel- does not mean that is really the real person- There is a lot of “fake” information everywhere….. Use discernment and consider everything a rumor until we are actually at the banks. )

Mon. 2 Sept. 2024 Urgent: QFS Rollout is Here—Elites Scramble in Secret Meetings! … Julian Assange on Telegram https://t.me/JulianAssangeWiki/2171

The Quantum Financial System (QFS) is no longer a distant dream—it’s happening NOW, and it’s turning the global financial system on its head. The days of the c*****t, elite-controlled economy are numbered. Right now, behind closed doors, the world’s most powerful bankers are in a panic, forced to comply with a system that’s about to redistribute their hoarded wealth to the people.

This isn’t just a tech upgrade; it’s a revolution. The QFS is being deployed with surgical precision by the White Hats, dismantling the old financial structures that enslaved us for generations. The Global Economic Security and Reformation Act (GESARA) is in full effect, and the greatest wealth transfer in history is already in motion. Trillions of dollars, stolen from you through lies and m**********n, are about to be ripped from the hands of the c*****t and returned to where they truly belong.

Banks worldwide are being audited, tested, and connected to the QFS grid at an unprecedented rate. CEOs and financial heads are getting late-night calls, attending secret briefings, and being told in no uncertain terms: comply with the QFS or be cut off from the new global economy. The elites have had their day, but now the tables are turning.

Behind the scenes, covert teams are working around the clock, integrating every financial institution into the QFS. The m**************a is silent because they’re part of the old system, desperate to keep you in the dark. But the signs are there—sudden banking outages, unexplained changes in procedures. This is the QFS takeover, and it’s happening faster than anyone could have predicted.

But this isn’t just about the banks. Patriots and whistleblowers, the true heroes who’ve fought against this c*****t system, are being rewarded. They’ve been given early access to QFS accounts, not just as a means to secure their financial future, but as a badge of honor in the war against financial tyranny. These pioneers are leading the charge into a new era of financial freedom, where the power is finally back in the hands of the people.

The QFS is a fortress of security, with quantum-level encryption that no hacker or rogue state can penetrate. Your money is yours, and yours alone, shielded from the greedy clutches of banks, governments, and anyone else who dares to claim it. The QFS is the ultimate equalizer, a system that ensures every dollar is accounted for, every transaction is legitimate, and every person is free from financial oppression.

The old system is crumbling, and the elites know it. They’re desperately trying to hold on, but the QFS is unstoppable. Banks that refuse to comply are being systematically cut off, assets seized, accounts frozen. This is a total reset, a clean sweep of the c*****t, and there’s nothing they can do to stop it.

The QFS is more than just a financial system—it’s a global movement, a declaration that the era of financial e*********t is over. The world is waking up, connections are being made, and soon, everyone will have the chance to be part of this revolutionary shift.

The QFS is here, and it’s already rewriting the rules. The future is clear: QFS is the path forward. Embrace it, because the world as we knew it is gone, and what comes next is a financial landscape that finally serves the people, not the parasites.

Stay alert, stay informed, and get ready—The Storm is here.

~~~~~~~~~~

Global Financial Crisis:

Mon. 2 Sept. 2024: Feds brace for a US Dollar Crisis predicted to spark total collapse: https://www.forbes.com/sites/digital-assets/2024/09/02/strap-in-september-fed-us-dollar-crisis-predicted-to-spark-total-collapse-and-a-critical-bitcoin-price-tipping-point/

Read full post here: https://dinarchronicles.com/2024/09/03/restored-republic-via-a-gcr-update-as-of-september-3-2024/

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

Nader From The Mid East Whatever who told you...the small category has been released and all that, not yet. That doesn't release it in one part of the country. The whole country work the same thing. They whole system the same. When they release, they release it to all banks...

Militia Man One of the hopes is Iraq is going to try to work with other countries in the region to defend their currency. They're going to try to keep it as stable as they possibly can. Having flexibility to the exchange rate so they can move it a little bit here and there so they can inject money, take money out or buy and sell the dinar etc is something they've got on their mind.

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

Currencies Set to Increase in Value Short Term IQD, VND, MEX, INR How Iraq Could Do the Same

Edu Matrix: 9-3-2024

Currencies Set to Increase in Value Short Term IQD, VND, MEX, INR. How Iraq Could Do the Same Iraq may not have housing for travelers. However, they do have hotels that can be priced monthly.

https://www.youtube.com/watch?v=8KKVmlzD3yI