Dinar Recaps Blog Page — Dinar Recaps (2024)

KTFA:

Clare: Al-Sudani: Iraq has become a safe and attractive environment for capital

During his presidency of the eighth meeting of the Supreme Committee for Reconstruction and Investment, Al-Sudani stressed the necessity of not slowing down or delaying in making decisions that are compatible with the economic reform approach LINK

Clare: What is the importance of Iraq joining international agreements?

The Chairman of the National Investment Commission, Haider Makiya, stressed today, Wednesday, the importance of Iraq joining international agreements to enhance the investment sector, noting that Iraq has provided real guarantees to attract foreign investments.

Makiya said, in his speech, during the launch of the National Investment Commission conference in cooperation with the United Nations Development Programme, that “Iraq’s accession to the International Settlement Agreement resulting from international mediation and disputes that was signed in 2024, will contribute to achieving the goals of sustainable development and encouraging the increasing use of international mediation as a means.” Effective for settling cross-border disputes, for the purpose of maintaining trade and investment relations between the parties involved in the investment process.”

He added, "This agreement has a pivotal dimension, foremost among which is finding an alternative method to litigation procedures before international arbitration bodies in disputes arising from investment, especially since Iraq joined in 2015 the International Center for the Settlement of Investment Disputes between States and Citizens of Other Countries, and this "It will give foreign investors the right to resort to the Washington Center."

He continued, "Also, the Republic of Iraq's accession to the New York Convention on the Recognition of Foreign Judgments of 1958 means completing all the necessary legislative environment to provide real guarantees and protection for foreign investors, and this will reflect positively on attracting foreign capital to Iraq, which aims at the construction and reconstruction process, and will raise Iraq's classification." .

He explained, "This agreement enhances the Iraqi investment reality, because it includes many international and qualitative strategic investment opportunities that impose contracts with specialized foreign companies for investment purposes. This requires Iraq to provide legal protection to those companies by resolving disputes in the event that they arise from investment contracts that It is imposed by state institutions on these companies, which prefer to resort to international arbitration to guarantee their rights, as stipulated in Article 27 of Investment Law No. 13.”

He pointed out, “Iraq’s accession to the International Mediation Agreement (Singapore Agreement) is necessary to attract foreign investments and achieve intended development, especially in light of Iraq’s transformation and dependence on a free market economy. This agreement will also create a legal framework that allows reliance on agreements.” The settlement resulting from mediation is easily implemented by all countries.”

Makiya stressed that “the legal department at the National Investment Authority and the investment authorities in the governorates will work to include international investment contracts by relying on mediation mechanisms in investment-related disputes before resorting to international arbitration, which will send a message of reassurance to foreign investors and foreign companies in order to proceed with resolving disputes.” related to these contracts, is easier than entering into international commercial arbitration procedures.”

He pointed out that "the Republic of Iraq's accession to the International Commercial Arbitration Convention and the Singapore Mediation Convention, in addition to concluding many agreements to encourage and protect mutual investments between Iraq and many international countries, made Iraq occupy the fourth place in the classification of foreign direct investment."

And the best emerging markets to invest in 2024.”

He stressed that "the noticeable improvement in the investment climate in Iraq comes as a result of government efforts made to strengthen the economic and investment sector, in attracting foreign investments," calling on foreign companies, foreign investors and businessmen to "visit Iraq to learn about the investment opportunities included in the investment map, and to attend the forum."

"Iraq Investment Bank, which will be held next November, will launch more than 100 investment opportunities with integrated approvals, and review the benefits and guarantees that the investment law will provide to investors." link

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

Mnt Goat She [my CBI contact] said that her committee was directed to be ready in June and did plan in June to begin the project to delete the zeros but the Central Bank as not yet received the assurances needed in writing from the US Treasury that they would support us fully all the way through the process. To me this meant to conduct the project to delete the zeros, swap out the notes and then onward to the reinstatement of the dinar. I was assured I was correct in my thinking. I already knew this as this was all in the Dr Shabibi plan anyway. This was just a confirmation that they are still closely following this part of the plan anyway... the US is still holding back and not fully supporting the financial reforms and the events that were supposed to happen at the end of the second phase of the reform process. [Post 1 of 2....stay tuned]

Mnt Goat So as investors where do we stand with the RV? Based on this information from my Saturday call to Iraq, I will summarize it for you. We are still waiting for the US to give assurances. The project to delete the zeros was scheduled for June and we will still have a week remaining in June. This is all I know and can tell everyone at this point... But I will tell you that I was told last month that for us to see the RV, there was only two phases and that they were completing the 2nd phase in June. So go figure… What would you now think? [Post 2 of 2]

The US Is About To Be Blindsided By Saudi Arabia And China

Atlantis Report: 6-26-2924

There has been a significant change happening in the global economic and geopolitical landscape.

The United States, traditionally a dominant force, is facing a challenge from an unexpected partnership between Saudi Arabia and China.

Motivated by their own economic and strategic goals, these two countries have been quietly working together.

Their growing alliance will disrupt the current power balance and force the U.S. to make a huge adjustment to its approach.

The U.S. dollar has been the primary currency used in the global oil trade for many years. This was supported by an agreement in which Saudi Arabia, a major oil exporter, exclusively sold oil in dollars.

This arrangement, known as the "petrodollar" system, has been crucial in maintaining U.S. economic strength by ensuring a steady global demand for the dollar and U.S. Treasury securities.

https://www.youtube.com/watch?v=Nt40yDa6khs

News from the Seeds of Wisdom Team Newshounds Wednesday Afternoon 6-26-24

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Bruce’s Big Call Dinar Intel Tuesday Night 6-25-24

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It is Tuesday, June 25th and you're listening to the big call. Thank you for tuning in, wherever you are, all over the globe, we're happy to have you here. We're looking forward to having a very good call tonight, and we just, I'm looking forward to spreading out whatever information we have to you. So in the meantime, let's pray the call in.

Okay. Thank you, Bob. There we are, three minutes to 10. This is, this is interesting when we get to this point, when we get to the point when things are very quiet, which they are, again, not totally quiet, but mostly quiet we know that we're close, and we know that we're this is about to go

Now on Saturday, redemption center staff everywhere had a two and a half hour Vimeo call. Don't know what was discussed. We don't have that information that that took place last Saturday, and then we know that redemption center staff went in for four hours on Monday, Two people, and they overlapped by one hour, so essentially, four hours with an over 7 hr total. And they stayed and stayed, thinking that the 800 members might have come out, and they would have received that information in an email from Wells Fargo.

Well, that did not occur. Our understanding is now that tomorrow is looking very good for us, since we did not get 800 numbers today, it's looking very good to get them tomorrow. In fact - This is coming from the redemption center Head, herself, fully expecting us to be notified tomorrow.

Now, another strong source has suggested that the timeline, or the window for us to get notified is from sunset tonight, which was a few hours ago, all the way to mid morning tomorrow.

So that narrows it down, and it also opens up the possibility of us getting emailed overnight and waking up to it. That's a possibility, not saying that's what's going to happen, but it certainly looks possible for us to get emails and do that.

I mean, when you get right down to it, there's not a whole lot else that all of us are interested in right now. But when are we going to receive our toll free numbers? And that's the latest information we have all the way through tonight. On the Big Call –

Now you guys have heard me talk occasionally about a contract rate on the Iraqi dinar –

First let's talk about whether or not the budget for Iraq for 2024 placed in the Gazette yet and the answer is no, but it could quite possibly be published tomorrow in the Gazette. Saturday and Wednesday are the normal publishing days. Doesn't mean it couldn't go another day or a different day, but Tomorrow is Wednesday, and that's very possible that we get the budget printed in the Gazette tomorrow. I

The other thing is, regarding contract rates - we've talked briefly about the fact that the contract rate on the dinar is very high. It is tied to a per barrel price of oil that Iraq is selling to, for example, Turkey or other nations it's tied to that. And the latest thing I got yesterday was that the contract rate on dinar will be offered to all US citizens who have dinar, which is really quite nice. You don't have to ask.

Now, if you're not a US citizen, I think you'll end up with the rate that is on the screen at the redemption center. Okay, the rates are on the screen. They're still trading up. They're moving up. And I think the Dong is there at a at a decent rate, not quite as high as I think but it may be getting to – we will see where that one ends up. But now this is getting down to it. I think we have a very good possibility of getting notified overnight or tomorrow, and then we'll take it from there,

Obviously - probably we’ll set our appointments - probably begin exchanges, either, you know, Wednesday afternoon, evening or Thursday. Don't know which it's going to be, yet, we're just going to see what what happens. Let's see if there's anything else that's pertinent. I would say just, you know, bring your identification, export photo ID, driver's license, student ID, government issued ID.

Bring that also bring one or two utility bill, your gas bill or electric bill, or your phone bill, cell phone bill, something like that with your name and address on it, bring that as proof of your residency and be ready for this thing to go quickly.

Things are going to go in for 35 minutes. And if you have tons of currency and a lot of bonds, let them know when you set your appointment that you have bonds, and they'll prepare somebody that can take care of your bonds when you go in for your appointment - okay. So be that also beware of that -

Okay, so that's really about all I wanted to say tonight. Let's go ahead and pray the call out, and then we'll see what God brings to us,

Bruce’s Big Call Dinar Intel Tuesday Night 6-25-24 REPLAY LINK Intel Begins 51:21

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHbQ5

Bruce’s Big Call Dinar Intel Thursday Night 6-20-24 REPLAY LINK Intel Begins 1:02:10

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHK6c

Bruce’s Big Call Dinar Intel Tuesday Night 6-18-24REPLAY LINK Intel Begins 1:01:50

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHKgp

Bruce’s Big Call Dinar Intel Thursday Night 6-13-24 REPLAY LINK Intel Begins 1:09:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHK1x

Bruce’s Big Call Dinar Intel Tuesday Night 6-11-24REPLAY LINK Intel Begins 1:02:50

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHKS4

Bruce’s Big Call Dinar Intel Thursday Night 6-6-24REPLAY LINK Intel Begins 50:20

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHKjC

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

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHKab

Bruce’s Big Call Dinar Intel Thursday Night 5-30-24 REPLAY LINK Intel Begins 1:04:40

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHvs0

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

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHvJi

Bruce’s Big Call Dinar Intel Thursday Night 5-16-24 REPLAY LINK Intel Begins 1:09:09

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHvym

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

MarkZ Update- Some highlights by PDK-Not verbatim

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

Coffee with MarkZ and Andy Schectman. 06/26/2024

Member: Good Morning! May today be filled with extreme blessings

Member: With everyone saying July 4th-8th…thinking it might be earlier like Kuwait?

MZ: I’m thinking that is a possibility…we just don’t know.

Member: MARK Z. It’s my belief we will get notifications before they post in the Gazette paper. We’re close!

Member: The morning Kuwait’s RV came out it wasnt posted in their gazette either, in fact the opposite! They said 6months to 3 years in the gazette then boom around 10:30 it was announced!!!

Member: Frank26 thinks it's time…

MZ: I’m hearing the same rumors…I’m just trying to keep calm and not share as much.

Member: Walking stick thinks it’s time

MZ: It is. We don’t know the exact timing…..but they are prepared. They are sowing misinformation to cloud the timing…..but everyone is prepared. If they didn’t think it was going soon…bankers would not have wasted their time preparing at all.

Member: July 8th will be 120 days out from November 5 election day

Member: Mike Bara and Jen Monday morning intel said the holdup for the RV is the US?

Member: Rod Steel estimate IQD $ 4.00 plus range 06/25/24. Paris Treaty non taxable exchange. IRS trying to change it . $ 80 a barrel in Gazette soon change.

Member: Rod Steele also said that the U.S Treasury has already printed extra money for us, which currency did they print? The new USN’s or the current fiat greenbacks???

Member: Mark -New Japanese Yen coming out on July 3rd

MZ: Today all the normal rumors are running crazy. There are more confirmations on old ATM’s Shut down (In Iraq?) …There are rumors of Columbia and Brazil with historic bond movement….but I don’t think they are accurate because I think they will all go at one time.

Member: BUT the currency in the new ATMs is basically worthless without the RV, correct?

MZ: Some positive things from some of my bond contacts that they are expecting funds late this week. (again) But we have been here before. Some say Thursday…Some say Friday.

MZ: I am trying to focus mostly on what we hear from Iraq.

Member: ​​Anyone else think that the US may already be in Brics, it just hasnt been announced yet?

Member: No- I think the cabal is hanging on the fiat system by the skin of their teeth….and will try to stop the US going gold backed at any cost. They do not give a rat’s a** about any US citizens.

Member: If Japan and many others dump their Treasury bonds, and all that money comes home to flood the market……it’s bad news for the dollar value.

Member: What countries do you think could be in the second basket.

MZ: I’m thinking some African countries , Mongolia and Afghanistan, . We will talk about it more when we get there.

Member: We got our IQD in Iraq and have been waiting (im)patiently since 2003 for it to do what Kuwait did. Lol

​​Member: I hope these rumors are true! It's going to be so wonderful being able to do good things and have a better life. Thank you Mark.

Member: I've been in this for 14 years. My wife has known about it for one year July 1. I should never said anything because now she's the impatient one.

Member: It will happen when we least expect it!!!

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

Mark's Backup Channel, the Trolling News Network https://www.youtube.com/channel/UCqWI...

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

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

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

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

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

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

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

Youtube: https://www.youtube.com/watch?v=NQS3QGAJXnA

TNT:

Tishwash: Parliamentary Law: Laws awaiting legislation in the next legislative term

Today, Wednesday, the Parliamentary Legal Committee revealed the laws that could be enacted during the next legislative term, while confirming that the drug and drug laws are at the top of these laws.

Committee member Raed al-Maliki told the Maalouma Agency, “There are many important laws waiting to be passed during the next legislative term, most notably the drug, landlord, and intelligence laws.”

He pointed out that "service and economic laws will see the light of day, noting that there are some proposals submitted by representatives that will be included on the Council's agenda during the next legislative term."

He continued, “There is a desire to pass the service and retirement law for members of the Popular Mobilization Forces, in addition to amending the Personal Status Law.” link

Tishwash: Southern anger escalates... protests and closure of government headquarters

Several Iraqi governorates witnessed, on Wednesday morning, demonstrations demanding the provision of basic services, including water and electricity.

In a new escalation of protests in Dhi Qar Governorate, demonstrators closed the governorate’s office building and its council, until demands were met, according to video scenes obtained by Shafaq News Agency.

As for Babylon, dozens of residents of the Khamisiyah and Al-Ghazali areas demonstrated in front of the Babylon Governorate Office, to demand the provision of water to their areas, which suffer from unprecedented scarcity.

The water crisis forced residents to abandon their areas and the agricultural and livestock wealth in the most important agricultural areas south of Babil Governorate was completely destroyed.

The capital, Baghdad, woke up to the launch of two demanding demonstrations in Tahrir Square and in front of the Provincial Council building.

According to Shafaq News Agency correspondent, dozens of “whose appointments were canceled and those fleeing from the Ministry of Defense” gathered in Tahrir Square, to demand their return to service.

In a second demonstration, dozens of educators and administrators gathered near the Baghdad Provincial Council, to demand the issuance of an appointment order for them.

Iraq has been suffering from a chronic electricity shortage for decades, as a result of the siege and successive wars, and residents have been protesting for many years the frequent power outages, especially during the summer, when temperatures sometimes exceed the 50 degree Celsius barrier. link

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CandyKisses: Al-Amiri calls for the removal of foreign forces from Iraq

A statement by the media office of the head of the Nabnani Alliance said that "Amiri received Dorrell, and the meeting discussed many files, most notably the development of relations between the two countries in all fields, especially the economic aspect, especially after the improvement of the security situation and stability, which encourages French companies and their arrival to work and invest in Iraq."

According to the statement, the two sides also discussed the file of the presence of the international coalition, and Al-Amiri stressed the need for all its forces to leave Iraq to achieve full national sovereignty. The meeting also discussed the aggression on Gaza, and Amiri stressed the need to stop Western support for the Zionist massacres and the war of extermination of the Palestinian people.

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Tishwash: A representative points out 7 controversial points that stand before the legislation of the oil and gas law

Member of the Parliamentary Oil and Gas Committee, Representative Ali Al-Mashkoor, confirmed on Tuesday that seven points of contention between the region and the center stand before the legislation of the oil and gas law, indicating that the seven points are administrative and technical.

Al-Mashkoor said in a statement to the Maalouma Agency, “The dialogues between the center and the region regarding agreement on the oil and gas law are still continuing between the technical and administrative committees to discuss the paragraphs of the law proposed by both sides.” “

He added, "The disputed legal materials are summarized in seven points and are distributed between administrative and technical, the most prominent of which is the region's demand to include a clause in which the right of objection (veto) on decisions should be in a small percentage, and this matter is unacceptable by the center.”

Al-Mashkoor pointed out that “no decision can be issued except in the interest of the region at the expense of the general interest of the country.”link

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.

Mon. 24 June 2024: The Federal Reserve has been hacked and over 33 TB of data is now missing!

Global Currency Reset: (Rumors and Opinions)

Tues. 25 June 2024 Wolverine: What I have been told by my Brazil contact:

Payments have started, some are getting paid, and they are all under NDA.

Wolverine cont…..There is a platform paying by crypto and they are about to kick off I think it is “oxygen” (extra dollars so they can de-stress). That is what I am hearing.That is definitely 100% happening for them to be paid on that platform.

Another source says it is going to be this week.

They are adamant, but some say right after Thurs. 4 July.

Many of you cannot wait any longer as you are hanging on by a thread.Let us all pray to God that we will have the green light to move forward with our lives.

I am praying that by tomorrow we will get news from Reno and I will get that miracle call I am waiting for.Take Care, Wolverine

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Tues. 25 June 2024 TNT: “Every single source says it’s done and we await the go signal. So we wait. Sunday is celebration day.”

Tues. 25 June 2024 MarkZ: I am getting inundated with bank contacts telling me to expect that things have already started …but coming to fruition in banks after the 4th of July. With a rollout in the days immediately following. I believe the 4th is on a Thursday this year… so I was told the roll out around the 6th and 7th. That is the rumor. Remember, we don’t know the timing.I am sure getting a heck of a lot from the banking side that things are now moving quickly and that is what they are preparing them for.

Read full post here: https://dinarchronicles.com/2024/06/26/restored-republic-via-a-gcr-update-as-of-june-26-2024/

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

Walkingstick You can stop asking question about the budget. It's all there. Concerning the tripartite budget, everything...all the projects...cities, new exchange rate, lower notes, ATM machines, contracts, everything, it is all there...It is a fact...The GOI has the budget and they have they new exchange rate from the CBI.

Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Saleh on television saying the third strategy phase that we're in right now with the CBI...is a new methodology that will enhance Iraqi financial and banking reform which will make the bank stronger locally and internationally. FRANK: It's the new exchange rate and the lower notes...I believe the words Sudani is using with the CBI are words that tell the citizens there is a new exchange rate in the budget without saying those words directly...

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TNT:

MP calls for investment on Friday and Saturday in reconstruction and construction due to the large number of holidays

Baghdad - Iraq Today:

He stressed that "time is very important, as the phenomenon of frequent holidays we see only in Iraq, as citizens in the global system outside Iraq have a capitalist ideology to invest time to build their country."

He warned that "official working hours are suspended when temperatures rise in the country, and this is not in the interest of Iraq and its economy, and even at the level of social networking sites, we may find that the public can by pressuring local governments in each province to disrupt the official working hours, and the governor's opinion is moved through their demands."

He continues, "There must be a vision and a study of the extent to which these holidays affect the country, its economy and its systems, so at least working hours in departments and institutions must be compensated when official working hours are suspended."

US Economy on the verge of collapse: The Rise and Fall of the Empire

Fastepo: 6-26-2024

The United States has long been recognized as an economic superpower and a global leader. However, this dominant position has faced significant challenges in recent years, particularly due to the rapid economic growth of China.

In this video, we will explore the historical trajectory of the U.S. economy, examining how it evolved from a leading global economy through various challenges to its current state, where it grapples with a national debt crisis and the trend of de-dollarization.

We will trace the ups and downs of the U.S. economy, from its post-World War II boom to the economic turmoil of the 1970s, the technological advancements and economic growth of the 1990s, and the significant setbacks during the 2008 financial crisis.

We will also delve into the recent impacts of the COVID-19 pandemic, which caused a severe economic contraction and led to unprecedented government stimulus measures.

Today, the U.S. faces a mounting national debt, which has surpassed $31 trillion, and increasing calls for de-dollarization from emerging economic powers. These issues pose substantial risks to the U.S.'s economic stability and its position in the global financial system.

https://www.youtube.com/watch?v=P3C_Bp1kRd4

Global Economic News from the Seeds of Wisdom Team Newshounds Wednesday AM 6-26-24

Good Morning Dinar Recaps,

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Ex-Millionaires Are Revealing How They Lost All Their Money, And I'm Actually Speechless

BuzzFeed Tue, June 25, 2024

Reaching millionaire status is a feat people dream of achieving. But unfortunately, having millions of dollars doesn't mean you're invincible, as evidenced by redditor u/HypnoticMushrooms, who asked people to share how they or someone they knew became an "ex-millionaire." I'm genuinely surprised at how some of these people weren't responsible with their money. Here are some of the most insightful stories:

1."COVID-19. I built a business that was given a valuation of a few million back in January, but the industry went down, and I'm doing all I can now to avoid bankruptcy."

2."I dated a guy who unexpectedly inherited $6 million. His parents had been killed in a drunk driving accident when he was a baby, and so their life insurance and money from a legal settlement sat in an account collecting interest for 18 years. He got a call from a lawyer on his 18th birthday, and that's how he found out about it. He went nuts. Every time I saw him, he had a new car.

He bought an extravagant house and insisted on taking these big vacations. He would go to our local comic shop and buy EVERYTHING. His spending was a major factor in why we broke up. It was all too much, watching him blow through money like that. He didn't invest any of it. He blew through all his money in five years. Last I saw him on Facebook, he was destitute."

3."I built a business worth around $3 million, had a house worth $1.4 million, investments worth more than $2 million, and had four nice cars. Divorce laid me low. An ex-wife, a lawyer, and a judge stripped me of at least 75% of that. I was left with a Miata race car, a bit of money, and 51% of my company.

And I still had to pay alimony. I gave up. I negotiated my way out of alimony by giving up more of the company and liquidating everything else.

I bought a boat and f*cked off. 26 months later, I sailed back into my life and started over. I've earned enough to live a modest retirement, and that's where I am today. Don't get married, boys. I've done it twice. The first time was a disaster, and the second time was an annoyance. Just my opinion and experience."

4."A family member of mine did very well in tech. He was an incredibly smart physicist but a horrible businessman. He retired, having made his millions, then bought a beautiful antique yacht. 10 years later, he's in debt and has struggled to sell the boat for years. His family is so pissed at him. TL;DR: don't buy a boat.

5."I was close to being a millionaire after selling my company to a bigger competitor. I reinvested most of it since I didn't have much use for the money, but then I got scammed for about half a million on buying some real estate.

I basically bought a fantastic holiday destination facility from someone who did not own said fantastic holiday destination facility. And by 'bought,' I mean that I'd put a substantial down payment to keep other interested parties at bay. Classic."

6."My grandfather died and left everything to my mom. Then, my father died and left everything to my mom. Mom always thought she was a smart gambler that would win. As proof, she won maybe $25k from the lottery once and went out and bought a car. After that, she was hooked. When Dad was alive, he didn't let her gamble; he kept it under control. After he died, my mom found a boyfriend — a former bookie who was a 'professional' gambler.

They used to like going to casinos, squandering every penny and more. Then, my mom sold the big house for another $500k and bought a small condo. She took out a home improvement loan for it for $50k, but no improvements were ever made. Casinos and lottery tickets. A cool million or two gone."

To Read More

https://www.yahoo.com/finance/news/ex-millionaires-revealing-lost-money-025602453.html

IQD Update-Iraqi Dinar-2024 Budget Deficit is Hypothetical-A surplus is why-Sovereign Funds fill it

MilitiaMan and Crew:

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

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

https://www.youtube.com/watch?v=bQBDbjG5uBg

KTFA

Tuesday Night Conference Call

FRANK26….6-25-24…..IT’S TIME

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

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

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

https://www.youtube.com/watch?v=tjkDuQt-vZ4

KTFA:

BuckeyeTree: IMO, not only Iraq and Iraqis need their new exchange rate, but the world needs for Iraq to activate the new exchange rate with not only the amount of business currently contracted but additional business yet to contract. Business will benefit Iraq and those companies, and the countries connected with them will benefit. There are many inter-connections.

Sudani was talking about Iraq and sports interests which will bring more tourism and internationalism because Iraq has security and stability. It is an exciting time for renewal and becoming part of the First World for Iraq and Iraqis.

Therefore, IMO, the phrase at any moment fits even if it may be days away, but difficult to imagine the wait being weeks or months, not with new ATMs out in place and many of them. If the educational videos were made end of April just after US trip, the near proximal future seems to be not too far off, IMO, and July is almost here.

We have the Liberty Bell in Philadelphia engraved with words from the Bible which include "Proclaim liberty throughout the Land and to all the inhabitants thereof." The upcoming period IMO will be a time of great prosperity and freedom from terror for Iraqi people. We wait to hear what is next on Iraq TV from Eddie plus bank friend. We will celebrate when the mission is accomplished. Can you imagine the celebration that will be in Iraq. IMO……Praise God.

Clare: Basra Council: We are serious about activating the law on Basra, the economic capital of Iraq

6/24/2024

The Basra Governorate Council confirmed its intention "to activate the law on Basra, the economic capital of Iraq, pointing to discussing the issue with the Prime Minister in order to activate this law."

The head of the Council’s Finance and Administrative Committee, Shukr Al-Amiri, said, “This is an attractive factor for foreign investment companies, given that Basra will be a corridor for international trade,” indicating that all of this encourages the economy, develops trade, and also provides job opportunities for many unemployed youth. .

Al-Amiri explained that the seventh economic conference in Basra Governorate comes in order to focus on economic activity in the governorate.LINK

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Clare: Prime Minister: Establishing the values ​​of truth, social justice, and equality of Imam Ali (peace be upon him) will be the approach of our government

Baghdad -

Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Tuesday, that the values ​​of truth, social justice and equality of Imam Ali (peace be upon him) will be the approach of our government.

The Prime Minister said in a tweet followed by the Iraqi News Agency (INA): “I extend my sincere congratulations to our people and the Islamic nation, on the occasion of the blessed Eid Al-Ghadir, asking God Almighty to grant our country goodness, love, tolerance, and more progress and prosperity.”

He added: "By making Eid al-Ghadir an official holiday and a national occasion for all Iraqis, we are all recalling the lessons contained in the fragrant biography of Imam Ali bin Abi Talib (peace be upon him) in establishing the values ​​of truth, social justice and equality, to be an approach for our government and a path to achieve the interests of our people." . LINK

Clare: A new Iraqi plan to return the green bird to the skies of Europe again

6/25/2024

The Iraqi Airways Company talked about a new plan to return the green bird to the skies of Europe again.

The Director General of Iraqi Airways, Manaf Abdel Moneim, said in a statement followed by Mawazine News, “The company resorted to a system called (wet leasing) to operate flights and transport Iraqis to Europe in light of the imposed embargo, and we relied on a plane leased from another country that is not subject to the embargo. For a period of 6 months, then the contract was terminated.”

He added, "During that period, we prepared an alternative plan to operate Iraqi aircraft to Europe through the 83 BIS Protocol, which means operating our aircraft under the umbrella of the aviation authority of another country that is not prohibited, and we contracted with Turkey, but we were surprised by Turkey's withdrawal and the refusal of the Turkish Civil Aviation Authority, as a result of the lack of interaction."

The Iraqi Aviation Authority corresponded with its Turkish counterpart, and the latter submitted a low evaluation report to the Iraqi Aviation Authority, and said, “We will not operate aircraft with this system.”

The director of the airlines continued, “After the Turkish Aviation Authority’s refusal, we resorted to the third alternative, which is registering the Iraqi aircraft with a state.” Others are not banned, just registration and not sale, and thus we can use its license to fly and operate our planes to Europe, but during that we received offers and emails from European countries that are not banned, to operate our planes under their umbrella,” pointing out that “the Iraqi Airways Company is continuing with this.” direction". LINK

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Clare: Parliamentary Finance for / Nina /: There is no real deficit in the general budget and its schedules

6/25/2024

The Parliamentary Finance Committee confirmed that there is no real deficit in the tables of the general budget law approved by the House of Representatives.

The Vice-Chairman of the Committee, Ikhlas Al-Dulaimi, said in a statement to the National Iraqi News Agency (NINA), that “the existence of a deficit in the budgets is within the usual ceiling, and this is called a planned deficit, not a real deficit that is not being implemented. Therefore, in this 2024 budget, the value of the deficit was 64 trillion dinars.” .

She added, "The House of Representatives approved the 2023 budget worth 199 trillion dinars, in which the actual expenditure to date amounted to approximately 150 trillion dinars, and therefore 49 trillion dinars is a planned deficit."

The Vice-Chairman of the Finance Committee confirmed, “The government and the Ministry of Finance addressed that deficit through the difference in the price of a barrel of oil, which the budget estimated at $70 and is currently sold for about $80, meaning a total of 16 trillion dinars, in addition to treasury bonds worth 20 trillion dinars and loans worth 5 trillion dinars.”

And a set of measures will cover the value of the deficit, and this was attached to the budget tables sent by the government and approved by the House of Representatives,” indicating that “there was no real deficit in the general budget and its tables, but it was only a planned deficit.” LINK