Dinar Recaps Blog Page — Dinar Recaps (2024)

Bank Reserves: The Ghost Of Bad Debt | Rafi Farber

Liberty and Finance: 8-2-2024

For more than a decade, the Federal Reserve has effectively been propping up banks by replacing their toxic debt with new currency. According to Rafi Farber these bank reserves are akin to "the ghost of bad debt."

Farber anticipates an imminent crisis within the banking sector, which he predicts will precipitate a financial calamity surpassing the severity of those seen in 2008 or 2020.

In his analysis, Farber outlines strategies for preparing for this potential financial upheaval. He emphasizes the importance of diversifying investments, safeguarding assets in tangible forms, and staying vigilant about shifts in the financial landscape.

These measures are presented as crucial steps for investors to better position themselves against the expected crisis and minimize potential losses.

INTERVIEW TIMELINE:

0:00 Intro

1:23 Bank reserves

6:34 Big banks

12:10 Impact of banking crisis

https://www.youtube.com/watch?v=_MF0HtDhEt8

‘Armageddon’ Here? Why Markets Are Crashing Right Now | Clem Chambers

David Lin: 8-2-2024

Clem Chambers, CEO of Online Blockchain, discusses the latest jobs report and the market response.

0:00 - Market reaction to jobs report

5:50 - Yen/USD vs. stocks

7:35 - Will market crash continue?

11:00 - VIX

13:11 - Russell 2000

14:50 - Market rotation

18:10 - How to play 'uncertainty'

19:40 - Rate cut vs. stocks

27:10 – Bitcoin

https://www.youtube.com/watch?v=D9ntUrJ5VaQ

Ariel: Market Crash

People, Donald Trump has always stated for years that in order for emerging economies in the Middle East to thrive the artificial value of the fiat USD must come down. This is what is suppressing everything. A market crash will help facilitate the much needed reinstatement.

This is why countries around the world are waiting with bated breath for this event. Thus is why Saudi Arabia on June 9th no longer accepted oil contracts to be denominated in fiat USD.

Henry Kissinger was the one who flew over there to make that deal in exchange for military protection and other things.His death was a sign that the regime was coming to an end.

This is why Iraq is setting up their own trade routes to compete with the Suez Canal. Their market will have a robust trade connection to the Asian markets. Israel tried to prevent this at every turn. Which is why ISIS/DAESH was created to cause instability in Iraq.

Because in order for the monetary reforms to work certain conditions had to be met with IMF that required Security & Stability in Baghdad. This is why BRICS Nations must have a national currency in order to join. You guys have to understand how much the fiat USD have caused 3rd world countries who were forced to use it.

I’m getting off topic but you know what I am getting at. We need a market crash in order for Iraq to be able to afford to compete against 1st world countries. Luckily you have IQD where you will be able to participate in the reinstatement.

You already know what this means. I told you the fiat USD has to fall in order for developing economies to prosper. One of them is Iraq.

Ariel

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Trillions Lost: Jobs Bombshell Triggers “Slow Motion Collapse” As US Recession Risk Escalates

Sean Foo: 8-3-2024

The US stock meltdown just got worse with over $3 trillion dollars destroyed. Investors are losing steam and the fundamentals of the US economy is cracking.

The recent jobs report, massive layoffs and unemployment data just smashed the soft-landing narrative. We are in for a slow-motion collapse.

Timestamps & Chapters:

0:00 Stocks $3 Trillion Sell-Off

2:39 Jobs Shock & Massive Layoffs

5:43 Fed Rate Cut Nightmare

8:54 Big Market Collapse Risk

12:03 The Risk Is Global

https://www.youtube.com/watch?v=mcV3Pkbfuf4

Good Afternoon Dinar Recaps,

Bitcoin Purchase Program
"The Act lays out a plan to acquire up to 1,000,000 Bitcoins over a five-year period, capping purchases at 200,000 Bitcoins annually, and then holding such reserves for twenty years. Furthermore, the Act places limits on the use and sale of the reserve following the holding period.

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Economist Expects Sanctions On Iraqi Banks To Be Eased

Posted on 2024-08-03 by sotaliraq Economic researcher Safwan Qusay believes that sanctions imposed on Iraqi banks will be reduced and made financial only.

Qusay said, “The Central Bank has contracted with an international company (K2) for the purpose of auditing banks that have restricted access to the dollar in previous periods, so that these banks can learn the mechanism for complying with international requirements.”

He added, "Everyone is keen on stopping the use of Iraqi banks for money laundering. Private Iraqi banks are not the owners of corrupt money, but there are those who acquire the Iraqi dinar illegally and are trying to use the banks for money laundering and smuggling hard currency."

Qusay continued, "As for the restricted banks, they will be rehabilitated by merging, or these sanctions will be reduced or made financial sanctions in the coming periods." LINK

Al-Sudani Launches The National Development Plan For The Next Five Years

Money and business Prime Minister Mohammed Shia Al-Sudani confirmed today, Saturday, that the five-year development plan (2024-2028) took into account improving services in all fields and directed adherence to it, noting that the plan aims to achieve infrastructure projects, clean energy, the development road, the Faw port, the road network, bridges, residential and industrial cities, modern agriculture, and others.

A statement by the Prime Minister's media office stated that "the Prime Minister launched the five-year national development plan (2024-2028), during the ceremony held today, Saturday, by the Ministry of Planning in cooperation with Iraq's development partners."

In a speech he delivered during the ceremony, Al-Sudani praised “the efforts of the Ministry of Planning, the ministries and their supporting bodies, and international partners, indicating that the five-year development plan has been approved by the Council of Ministers, in recognition by the government of the importance of the country having a development plan with achievable paths and goals,” stressing “the importance of adhering to the plan’s goals, as they are the way to change the lives of Iraqis for the better.”

Al-Sudani pointed out that "Iraq has witnessed a developmental separation since the eighties of the last century due to wars, siege and confrontation with terrorism, which caused gaps in all sectors," stressing "work to restore the wheel of development and bridge those gaps, and that the new plan is consistent with the government's goals and confronting internal or external challenges."

He explained that "the plan provided space for achieving good governance, appropriate mechanisms to combat corruption and adopt the principles of transparency, and took into account the priorities of improving services in all areas, by accelerating the implementation of projects under construction, and moving towards new development and service projects."

He continued: “We started with a series of strategic projects to develop the oil and gas sector, stop waste in it, and rely on our capabilities and projects to secure petroleum derivatives instead of importing. We moved towards projects that are consistent with the 2030 Sustainable Development Vision, including infrastructure projects, clean energy, the development road, the Faw Port, the road and bridge network, residential and industrial cities, modern agriculture, and others.”

He stated: "We emphasize the role of the Kurdistan Region of Iraq and the local governments in the provinces in achieving integration with the government program plans and working in a unified manner for the public interest of the state," noting that "the five-year development plan includes paths with economic dimensions based on the philosophy of economic diversification."

He explained that "the Iraq Development Fund aims to create an integrated investment environment in the country," adding: "We have given the private sector sovereign guarantees to establish industrial and agricultural projects, which will provide it with a wide space that is commensurate with its developmental role."

He stressed: "We are working on reforming the banking and financial sector, automating all economic and service activities, and governing government and service work. We have started automating work at border crossings and moving towards electronic payment in all market and commercial transactions."

He explained: "The five-year development plan adopts comprehensive digital transformation and the adoption of electronic systems in all aspects of life, and that sound planning requires accurate and sound data and indicators, and this is achieved by the general population and housing census that is scheduled to be conducted on November 20."

Al-Sudani stressed that: "The government is making exceptional efforts to implement the census, which has been delayed for a long time. The Ministry of Planning and the supporting agencies have completed all the necessary preparations to implement it. We hope that Iraqi families will contribute to the success of the census and provide correct data."

He stressed that: "The goal of the census is developmental, through which we seek to address negatives in all areas, and we call on all state institutions to cooperate with the Ministry of Planning to ensure the success of the census project." 08/03/2024 - https://economy-news.net/content.php?id=45863

Reuters: Iraq Still Accounts For The Largest Part Of OPEC's Excess Production

Energy OPEC oil output rose in July on a rebound in Saudi supplies and small increases elsewhere, a Reuters survey showed on Friday, offsetting the impact of ongoing voluntary supply cuts from other members and the wider OPEC+ alliance.

The survey, based on shipping data and information from oil industry sources, showed that OPEC pumped 26.70 million barrels per day last month, up 100,000 bpd from June.

The increase comes despite the OPEC+ alliance, which includes OPEC and allies including Russia, maintaining most production cuts until the end of 2025 to support the market in the face of tepid demand growth, rising interest rates and increased US production.

A meeting of senior OPEC+ ministers on Thursday left oil production policy unchanged, including a plan to start unwinding a tranche of output cuts from October.

The ministers stressed that this increase could be temporarily halted or reversed if necessary.

The survey found that Saudi Arabia provided the biggest boost to supplies last month, by 70,000 barrels per day, as exports rebounded from June when they were lower than expected. Output reached 9 million barrels per day in July, close to the kingdom’s target.

The survey showed that Nigeria recorded the largest decline of 30,000 barrels per day, with exports declining on a monthly basis.

Libya and Iran, two members not required to cut output, along with Iraq, recorded slight increases. The survey found that Iranian output reached 3.22 million barrels per day, the highest since 2018, according to Reuters surveys.

Iran has boosted its exports in recent years despite continued U.S. sanctions. Iraq’s output has risen as exports have increased month-on-month, oil flow data and a tanker-tracking source showed.

The survey also said that OPEC exceeded the target assumed for the nine countries covered by the supply reduction agreements by about 240 thousand barrels per day, and that Iraq still represents the largest part of the excess production.

The Reuters survey aims to track supply to the market and is based on shipping data provided by external sources, flows data from the London Stock Exchange Group, information from firms that track flows, such as Petro-Logistics and Kpler, and information provided by sources at oil companies, OPEC and consultants. 165 views 2024/08/03 https://economy-news.net/content.php?id=45861

OIL PRICES FALL TO EIGHT-MONTH LOW

Saturday 03 August 2024 04:15 | Economic Number of readings: 231 Baghdad / NINA / Oil prices closed on Friday at their lowest levels since last January, after data showed that job growth in the United States slowed more than expected last month.

Brent crude futures fell $2.71, or 3.41 percent, to reach $76.81 a barrel at settlement. "

West Texas Intermediate crude futures fell $2.79, or 3.66 percent, to record $73.52 at settlement."

Job growth in the United States slowed more than expected in July, and the unemployment rate rose to 4.3 percent, indicating a possible recession. "

Economic data from China, the largest oil importer, showed weak manufacturing activity last month in the United States, Europe and Asia, increasing the risk of a weak global economic recovery, affecting oil consumption.

Data from the London Stock Exchange Group's oil research department showed that Asian crude oil imports fell to their lowest level in two years in June due to weak demand in China and India. "

A meeting of OPEC+ ministers yesterday, Thursday, kept the current oil production policy unchanged, including the alliance's intention to gradually roll back part of the production cuts starting next October." /End2 https://ninanews.com/Website/News/Details?key=1145245

Central Bank Sales Exceeded $1 Billion Last Week

Economy | 03:13 - 03/08/2024 Mawazine News – Baghdad The total sales of the Central Bank of Iraq of hard currency for the US dollar during the past week, which opened the auction, exceeded one billion dollars.

A source stated that the Central Bank sold during the past week and for the 5 days in which the auction was opened, one billion, 410 million, 230 thousand, and 782 dollars, at a daily rate of 282 million, 46 thousand, and 156 dollars, up from one billion, 387 million, 237 thousand, and 49 dollars recorded the previous week.

The highest sales of the dollar were on Sunday, where sales amounted to 274 million, 868 thousand, and 286 dollars, while the lowest sales were on Tuesday, where sales amounted to 262 million, 223 thousand, and 443 dollars.

He pointed out that sales of foreign transfers during the past week amounted to “one billion, 361 million, 480 thousand, and 782 dollars, an increase of 96% compared to cash sales, which amounted to 48 million, 750 thousand dollars.” https://www.mawazin.net/Details.aspx?jimare=252638

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

TNT:

Tishwash: Prime Minister announces launch of five-year national development plan (2024-2028)

Prime Minister Mohammed Shia Al-Sudani announced today, Saturday, the launch of the five-year national development plan (2024-2028).

A statement by the Prime Minister's Media Office received by the Iraqi News Agency (INA) stated that "Prime Minister Mohammed Shia Al-Sudani announced the launch of the five-year national development plan (2024-2028) link

Tishwash: An economist likely to ease the sanctions imposed on Iraqi banks

Today, Friday, economic affairs researcher Safwan Qusay suggested easing the sanctions imposed on Iraqi banks and making them financial only.

Qusay told Al Mada, “The Central Bank has contracted with an international company (K2) for the purpose of auditing banks that have restricted access to the dollar in previous periods, so that these banks can learn how to comply with international requirements.”

He added, "Everyone is keen on the process of stopping the use of Iraqi banks for the purpose of money laundering. The private Iraqi banks are not the owners of corrupt money, but rather there are those who acquire the Iraqi dinar illegally and are trying to use the banks for the purpose of money laundering and smuggling hard currency."

Qusay continued, “As for the restricted banks, they will be rehabilitated through merger, mitigation of these penalties, or making them financial penalties during the coming periods.” link

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Tishwash: Parliamentarian explains: What is the relationship between the operating budget and hosting the new governors?

Member of Parliament, Mohammed Al-Baldawi, said on Thursday that delaying the release of operational budgets was likely the reason for postponing hosting the new governors.

Member of the Parliamentary Planning Committee, Muhammad Al-Baldawi, said: “Hosting the new governors will not take place in the near future, as the absence of an operating budget prevents us from judging their performance,” indicating that “the operating budget has not yet been launched, which makes it difficult to evaluate the performance of the governors based on the projects that have been completed.”

And works.

Al-Baldawi explained that “the work of the Kirkuk and Diyala governorates is being disrupted due to the failure to resolve the issue of the council president in them, and until now the government has not received an evaluation of the governors’ performance,” noting that “there are ongoing problems in the Baghdad governorate and other governorates whose governments have not yet stabilized.” link

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Tishwash: Reuters: Iraq still accounts for the largest part of OPEC's excess production

OPEC oil output rose in July on a rebound in Saudi supplies and small increases elsewhere, a Reuters survey showed on Friday, offsetting the impact of ongoing voluntary supply cuts from other members and the wider OPEC+ alliance.

The survey, based on shipping data and information from oil industry sources, showed that OPEC pumped 26.70 million barrels per day last month, up 100,000 bpd from June.

The increase comes despite the OPEC+ alliance, which includes OPEC and allies including Russia, maintaining most production cuts until the end of 2025 to support the market in the face of tepid demand growth, rising interest rates and increased US production.

A meeting of senior OPEC+ ministers on Thursday left oil production policy unchanged, including a plan to start unwinding a tranche of output cuts from October.

The ministers stressed that this increase could be temporarily halted or reversed if necessary.

The survey found that Saudi Arabia provided the biggest boost to supplies last month, by 70,000 barrels per day, as exports rebounded from June when they were lower than expected. Output reached 9 million barrels per day in July, close to the kingdom’s target.

The survey showed that Nigeria recorded the largest decline of 30,000 barrels per day, with exports declining on a monthly basis.

Libya and Iran, two members not required to cut output, along with Iraq, recorded slight increases. The survey found that Iran’s output reached 3.22 million barrels per day, the highest since 2018, according to Reuters surveys.

Iran has boosted its exports in recent years despite continued U.S. sanctions. Iraq’s output has risen as exports have increased month-on-month, oil flow data and a tanker-tracking source showed.

The survey also said that OPEC exceeded the target assumed for the nine countries covered by the supply reduction agreements by about 240 thousand barrels per day, and that Iraq still represents the largest part of the excess production.

The Reuters survey aims to track supply to the market and is based on shipping data provided by external sources, flows data from the London Stock Exchange Group, information from firms that track flows, such as Petro-Logistics and Kpler, and information provided by sources at oil companies, OPEC and consultants. link

Weekend 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

Mod: CBD MATT AND LUCAS KICK OFF THE FIRST 45 MINS AND MARK GIVES HIS NEWS UPDATE AT 10:30 AM EST. THANKS!

Member: Good morning Mark and everyone!!

Member: Remember the old Bloomberg Video-“There’s a certain point….At midnight on some Saturday night European Central time….they are going to announce it…heres the menu of the new exchange rates and have a nice Monday.” Maybe tonight is the night!!

Member: Any news on the RV front overnight Mark?

MZ: I did get an unexpected message from a CMKX contact……..that there was an unscheduled update on Fines and penalties. They were asked to do it unexpectedly and immediately. They hope it means they will start soon. But they have positioned the CMKX money.

MZ: Also Pickford (sp?) claims and possibly other farm claims….that they may have moved forward for the release this weekend…..let’s hope this is accurate. These are part of the “Historic Settlements”

MZ: If they get releases and verifications in the next day or two…that means things are ripping…and ripping hard.

Member: Bruce is saying .... possibly notifications on Saturday,

Member: There is a rumor that the CBI is causing delays?

MZ: I have not heard that…but rumors are swirling around…

Member: if they are delaying…I bet it’s because the US is dragging their feet……as usual.

Member: Markets predicted to crash now from MSM and UK papers.

MZ: This is being predicted by almost everybody now.

Member: First Asia, then Europe and finally U.S. market crash. Watching fiat fail.. last domino before RV? One can hope…

Member: Mark: intel Agency news indicates major Iran Israel war coud break out tonight with militia type combatants in Iraq moving into Syria, airlines cancelling flights, some until late Oct.. impact on RV?

Member: Charlie Ward just made a live appearance on his Insiders this morning. He is good. Still having issues with his voice. He said when Israel and Iran go to war it will be the cover for the RV.

Member: A friend in Florida went to the bank to get a large sum of money out …and they told her it would be two weeks before she could get the money.

MZ: I am not surprised.

Member : Good Quote: “Heros: Get up every day and celebrate the wins. Mourn the losses. Sometimes the most heroic thing we can do is not give up. “

Member: Everyone have some fun and enjoy this weekend. May it be our last weekend broke!!!

Member: Really looking forward to Groundhog Day finally ending……fingers crossed.

Member: A huge acknowledgment to all the marvelous MODS - always being here - thank you for the amazing work you all do

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 WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Youtube: https://www.youtube.com/watch?v=Upi5sLYbxuI

Good Morning Dinar Recaps,

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This initiative represents a pivotal milestone for Venom and the broader crypto industry. In what could end up as the world’s largest blockchain use case, this project underscores Venom’s leadership and innovation in the blockchain space.

By betting on Venom,the Philippine government demonstrates unprecedented trust and confidence in blockchain as a secure, scalable, and efficient solution for national-level operations.

This move is poised to revolutionize the way governments and large institutions handle data, transactions, and record-keeping, setting a new standard for transparency and efficiency.

Project scope and impact

The Philippines is making a significant leap forward by launching an ambitious project to use Venom technology to digitize approximately ten billion accountable forms such as but not limited to invoices or receipts, cash tickets, documentary stamps, and special bank receipts, individually identified, accounted for, and afforded appropriate security.

This initiative marks a new phase in the country's digitalization journey andpromises to revolutionize financial operations.

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@ Newshounds News™

Read more:TASS

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The plan will be funded by reallocating resources within the Federal Reserve Systemand the Treasury Department, ensuring robust cybersecurity and physical security measures.

Read more:Bitcoin

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"The FDIC began counting the number of commercial banks in 1934. That year, 14,146 commercial banks were operating in the United States. That number didn’t change much for the next 50 years. After a low of 13,114 in 1959,the U.S. commercial bank count climbed to an all-time high of 14,469 in 1983.

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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.

On Fri. 2 Aug. 2024

All Financial Markets Were Crashing

US Officially Declared To Be In A Recession

(Possible) Worldwide EBS Activation and Internet Down on Tues. 6 Aug. 2024.

Global Currency Reset: (Rumors/Opinions)

Fri. 2 Aug 2024 Wolverine, Charlie Ward: “I’ve had multiple confirmations everything in Israel, Iran & Venezuela is already done & settled. Now @charliewardshow confirms it too. …the RV has started in general. We are going to have a beautiful week. Get ready. Any day I’ll get that call and then you won’t hear from me anymore. ”

Fri. 2 Aug. 2024 Banker: “Well folks never have suggested dates or rates but I am really looking forward to this weekend. GOD Bless everyone.”

Fri. 2 Aug. 2024 TNT:

On Wed. 31 July they were on High Alert. They are still on High Alert. Someone said between now and Sunday.

The Wealth Managers say up to Tues., but they are scheduled to work this Sunday.

All rates are on screen. Everyone is educated.

The banks have been notified they will be working the weekend.

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Global Financial Crisis:

Fri. 2 Aug. 2024: Nearly $3 trillion has been eliminated from major indices and stocks this morning due to escalating fears of a global recession. This marks the most severe day for stocks since March 16, 2020, amid the height of COVID-19 pandemic concerns. Today’s Unemployment Rate reading of 4.3% has officially triggered the Sahm Rule, indicating that we have already entered a recession.

Fri. 2 Aug. 2024 Dallas Texas: Banks stocks today were taking a pounding, just checked my list of almost 50 banks and they are all down. The BIG RED WAVE IS COMING TODAY. …Ginger’s Liberty Lounge on Telegram

Fri. 2 Aug. 2024 Robert Kiyosaki Predicts Historic Market Crash That Could Massively Drag Down Real Estate Prices | IBTimes UK https://www.ibtimes.co.uk/robert-kiyosaki-predicts-historic-market-crash-that-could-massively-drag-down-real-estate-prices-1725909

Intel shares open down 27% as US stocks fall on jobs data: https://insiderpaper.com/intel-shares-open-down-27-as-us-stocks-fall-on-jobs-data/

Two and Ten Year Treasury Yields Are Diving Straight Down: https://x.com/kathyjones/status/1819352392195838319?s=46&t=KbeHKcWo9iYbqqIySY5EJA

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Fri. 2 Aug. 2024 It’s Happening: Japan’s Financial System Now Facing a No-Win Scenario as Investors Sell-Off $10.6 Billion. Japan is at a breaking point of economic collapse. What will happen next? Here’s the harsh reality facing the nation’s financial system. https://ai3d.blog/its-happening-japans-financial-system-now-facing-a-no-win-scenario-as-investors-sell-off-10-6-billion/

Japan as the Linchpin To Crash The Market:

Yen Carry Trade: Japan has been offering very low interest rates for a long time. Investors borrow money in Japan (Yen) at these low rates and invest it in other countries where they can get higher returns. This is known as the Yen carry trade.

Inflation and Interest Rates: Recently, Japan has been facing inflation, which means the prices of goods and services are going up. To combat inflation, the Bank of Japan (BOJ) might decide to raise interest rates.

Impact on Carry Trade: If the BOJ raises interest rates, it becomes more expensive for investors to borrow money in Japan. This could lead to a situation where investors start selling their investments in other countries to pay back their loans in Japan.

How This Collapses the Market

Short Squeeze: When investors start selling their investments to pay back their loans, it can cause a short squeeze. This means that the value of the Yen starts to rise quickly because there’s a sudden demand for it.

Global Margin Call: The sudden selling of investments can lead to a global margin call. This is like a chain reaction where one investor selling causes others to sell, leading to a widespread sell-off in the markets.

Flight to Safety: In times of market uncertainty, investors often move their money into safer assets like U.S. Treasuries, gold, and the U.S. dollar. This can cause these assets to rise in value while riskier assets like stocks fall.

Economic Impact: The sell-off in the markets can have a ripple effect on the global economy. Companies may struggle to raise capital, consumer confidence may drop, and economic growth could slow down.

SO NET NET:

Japan is the linchpin because its actions can set off a chain reaction in the global financial markets.

If the BOJ raises interest rates to combat inflation, it could lead to a short squeeze in the Yen, causing investors to sell their investments in other countries.

This sell-off could trigger a global margin call, leading to a collapse in the markets as investors rush to safer assets. The economic impact of such a collapse could be significant, affecting companies, consumers, and overall economic growth.

Fri. 2 Aug. 2024 Market Crash: (These are considered “Possibilities”)

There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in Europe and the United States. There are already talks of a liquidity and credit crisis happening in inner circles. This is big.

Saturday– Banks and online payment systems will suffer an outage in Europe and the United States spreading worldwide. Talks of a Liquidity and credit crisis happening will spread rapidly.

Sunday– Customers will try to get money from banks but will be turned away. Talks of bank runs on twitter and Facebook will be promptly banned. Late-Sunday night Euro-zone banks will suffer a liquidity issue and fail critical margin levels.

Monday 26th – Liquidity crisis contagion will spread to the United States. Financial instruments much like those used by Archegos will blow up across the entire financial sector. Bank of America, JP Morgan, and Goldman Sachs are rumoured to be insolvent along with others. The Super Rich will attempt to pull their money out of the banks only to be denied. Stock market will drop 20% and is closed for the day. Tether and other stable coins will fail causing crypto currencies to crash as they become illiquid. Short-Mid term is that crypto currencies will become worthless.

Tuesday– Eurozone total melt down. Bank deposits are bailed and most people will lose all their money. Social protests erupt. U.S. stock market will drop another 20% before being halted for the day again. Hedge funds will collapse and banks are stuck with meme stock shorts which will be revealed to be in the trillions. Banks fail critical margin levels and the DTCC will be forced to cover the shorts. DTCC insurance policy will fail as the insurers never had money to begin with and the Federal Reserve is stuck with the bag.

Wednesday– Stock market will drop another 20% before getting stopped. Subprime finally hits and housing prices crash by 50% and more. Meme stock, silver, gold, commodity trading is frozen and halted but this will only make the problem worse. Dollar insolvency is all over international news, while silver and gold skyrocket. U.S bonds will be dumped sending interest rates into the stratosphere. Mainstream media will now blare the Great Depression 2.0 and the collapse is here.

Read full post here: https://dinarchronicles.com/2024/08/03/restored-republic-via-a-gcr-update-as-of-august-3-2024/

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

Jeff Iraq has to tell you they don't have plans to revalue the currency this year because they're getting closer to the finish line. They have to show news that suggests they won't be revaluing their currency...

Frank26 Article: "Alia Nassif: The Central Bank's policy is pushing Iraqi banks towards execution!" What would the central bank's policy be? The monetary reform...The Central Bank of Iraq is telling the Iraqi citizens that we are in favor of removing certain banks from our country. Why? Because they don't want to go along with a monetary reform because they keep delaying the process of Sudani bringing out the new exchange rate and lower notes.

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Impressive News & Progress for VND, Zimbabwe and Iraq

Edu Matrix: 8-2-2024

Impressive Breaking News for VND Zimbabwe and Iraq - Iraq's New Metro System, VND Increasing in Value Against the USD, and Zimbabwe Pays IMF.

https://www.youtube.com/watch?v=XbJdmJr5EXQ

IQD Update - Iraq Dinar News - Theft of Century - Unifying Accounts - Raise Value of the Dinar - COM

MilitiaMan and Crew: 8-2-20244

https://www.youtube.com/watch?v=phfCr1HOfY0

Circular from the Central Bank to banks and exchange companies: Reject travel tickets from internationally sanctioned airlines

Local | 04:34 - 02/08/2024 Muzain News – Baghdad The Central Bank of Iraq informed, on Friday, government and private banks and exchange companies not to accept travel tickets issued by airlines and travel and tourism companies included on local or international sanctions lists in the sale of cash dollars for travelers. https://www.mawazin.net/Details.aspx?jimare=252578

Exchange Markets Under Pressure: Dollar Continues To Rise In Baghdad And Erbil

August 1, 2024 Baghdad - Al-Zaman The US dollar exchange rate witnessed a significant increase on Thursday morning in the markets of Baghdad and Erbil, the capital of the Kurdistan Region. This increase comes after a period of relative stability in exchange rates, which raises concerns among traders and consumers in Iraq.

At the opening of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, the dollar recorded a price of 149,250 Iraqi dinars per 100 dollars, compared to 149,100 dinars recorded yesterday, Wednesday. This slight increase may not seem significant, but it reflects an upward trend that may affect the financial stability in the country.

In the details of local prices, our correspondent reported that the selling prices in exchange shops in Baghdad also witnessed an increase, as the selling price reached 150,250 dinars for every 100 dollars, while the purchase price reached 148,250 dinars.

In contrast, in Erbil, the dollar prices also increased, as exchange shops recorded a selling price of 149,500 dinars and a purchase price of 149,400 dinars for every 100 dollars.

The rise in the dollar price is the result of several economic factors, including fluctuations in global financial markets, the impact of regional fluctuations on the Iraqi economy, or changes in monetary policy. Given the economic situation in Iraq, there may be a reciprocal effect between fiscal policy and geopolitical events.

The monetary policies of the Central Bank of Iraq contribute to this rise, especially if there is a reduction in cash reserves or changes in interest rates. In addition, local inflation can lead to increased demand for the dollar as a safe haven, which contributes to higher prices.

Political tensions and internal economic crises lead to market instability. Political unrest may affect investor confidence and increase exchange rate volatility. LINK

Oil Prices Rise But Set For Fourth Weekly Loss

Energy Economy News – Baghdad Oil prices rose in early trading on Friday, but were on track for a fourth straight weekly loss, as disappointing signs of growth in global fuel demand outweighed concerns about supply disruptions from the Middle East, a key producing region.

Brent crude futures rose 33 cents, or 0.4 percent, to $79.85 a barrel by 0020 GMT, after falling 1.5 percent in the previous session. U.S. West Texas Intermediate (WTI) crude futures rose 38 cents, or 0.5 percent, to $76.69, after falling 2.1 percent on Thursday.

On a weekly basis, Brent crude futures are heading for a 1.7 percent decline, while West Texas Intermediate crude futures are heading for a 1.1 percent decline.

Four weeks of declines would be the longest losing streak for both benchmarks since a seven-week losing streak that ended in early December.

Surveys on Thursday showed weak manufacturing activity last month in the United States, Europe and Asia, raising the risk that a weak global economic recovery could weigh on oil consumption.

"Markets remain cautious on Chinese oil demand after June data came in weaker than expected," analysts at consultancy FGE said.

Asia's crude oil imports fell to their lowest in two years in July due to weak demand in China and India, data compiled by LSEG Oil Research showed.

Oil investors are watching developments in the Middle East with caution, as the killing of two senior leaders of Hamas and Hezbollah in Lebanon has raised fears that the region could be on the brink of all-out war, which could disrupt supplies.

81 views Added 08/02/2024 - 10:51 AM https://economy-news.net/content.php?id=45849

Iraq Ranked 82nd In The Manufacturing Index

Local Economy News – Baghdad The head of the Strategic Center for Human Rights, Fadhel Al-Gharawi, confirmed today, Friday, that the manufacturing industries in Iraq are still suffering from many challenges, noting that Iraq ranked 82nd out of 126 countries in the Industrial Manufacturing Index.

Al-Gharawi said in a statement today that China topped the world in manufacturing production, with more than $4.97 trillion, followed by Germany ($751 billion), India ($450 billion), South Korea ($426 billion), and Russia ($287 billion).

He added that Iraq recorded $4 billion and 750 million in 2023 and $4 billion and 725 million in 2022, up from $4 billion and 630 million in 2021, indicating that the highest production of manufacturing industries witnessed by Iraq during the past five years was in 2019, when it amounted to $4 billion and 994 million.

Al-Gharawi noted that Iraq has 4,000 diverse factories, including a group of factories specialized in manufacturing industries, adding, "However, most of them are stopped due to poor management and planning and the lack of marketing and support for the national product."

The head of the center continued by saying that the manufacturing industries may be an important economic resource for the country, contributing to the diversification of the economy’s sources instead of relying on oil. 76 views 08/02/2024 - https://economy-news.net/content.php?id=45857

Investment Reveals The Location Of The First Economic City In Iraq

Economy | 10:11 - 02/08/2024 Mawazine News – Baghdad The National Investment Commission revealed on Friday the location of the first economic city in Iraq, noting that economic cities represent investment portfolios capable of attracting and bringing in local and foreign capital.

Hanan Jassim, the spokesperson for the Investment Commission, said: "The Chairman of the National Investment Commission, Haider Muhammad Makiya, during his meeting in the presence of committee members and representatives of the ministries and relevant sectoral bodies from Maysan Governorate, called for the importance of intensifying efforts and coordinating them in a detailed and precise manner that contributes to creating a realistic vision and a successful announcement for investors, businessmen and companies wishing to make this type of investment."

She added that "the attendees were informed of the full borders of the regions distributed according to the projects to be established and the ownership of the lands with the possibility of expanding some of them," indicating that "it was agreed on the importance of preparing a clear map of road networks, water and electricity sources and other requirements for granting investment licenses for these projects, which will be among the topics and discussions of the upcoming meetings."

Jassim pointed out that "the committee's work witnessed the presentation of a number of proposals and ideas that support the implementation of such projects, based on the Prime Minister's approval of the minutes and recommendations of the Diwani Order Committee (23674), which decided to form the Higher Committee for the Economic Development and Advancement of the Al-Tayeb Area in Maysan Governorate and its Neighboring Areas, headed by the Chairman of the National Investment Commission and the membership of various state bodies, including the Governor of Maysan, the Chairman of the Maysan Investment Commission, the Chairman of the Industrial Cities Authority in the Ministry of Industry and Minerals, in addition to a number of general managers in the Ministries of Finance, Planning, Oil and Education and a representative of the Prime Minister's Office."

Jassim explained that "the Higher Committee for the Development and Advancement of the Al-Tayeb Area in Maysan Governorate and its Neighboring Areas has actually begun its work, headed by the Chairman of the National Investment Commission, Haider Mohammed Makiya."

She stressed that "the development and Advancement of the Al-Tayeb Area, southeast of Maysan Governorate, will be the first economic city in Iraq and will represent a successful model and an economic resource for the state that can be applied in other governorates of the country,"

explaining that "this model will represent diverse and ready investment portfolios capable of attracting and bringing in local and foreign capital."

She continued, "Al-Tayeb City will include a group of diverse projects in various economic specializations, including projects specialized in the residential sector, others in the industrial sector, and other economic projects,

in addition to recreational and academic projects," noting that "developing the region will achieve a great economic return that will contribute to stimulating the economic base in the governorate, and providing job opportunities for the governorate's people."

https://www.mawazin.net/Details.aspx?jimare=252562

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

5 Unnecessary Bills You Should Stop Paying in 2024

July 1, 2024 Crystal Mayer

According to Forbes Health, improved finances was the second most popular resolution for 2024. Their research indicated that 38% of people wanted to get their money affairs in order over the next year. So if you, like many, have a New Year’s resolution that involves saving money, now is the time to take a look at your finances.

Many times, however, sticking to a budget is easier said than done. You may start with the best intentions but struggle to say no when it comes to going out to eat with friends or adding something new to your cart. One way to save money without completely depriving yourself is to look at your expenses and see if there is anything that you currently pay for that you no longer use.

GOBankingRates asked experts to weigh in on common things that people should consider cutting in the upcoming year. Here are the five unnecessary bills you should stop paying in 2024.

Subscription Services

Nearly all of the experts agreed that subscription services are the leading culprit when it comes to unnecessary expenses. Today, there are more subscriptions available than ever. A few years ago, it may have only been a magazine subscription or two, but now there is a monthly service for everything. From streaming to meal prep, you have convenience at your fingertips — but it will cost you.

Sofia Perez, content manager and owner of CharacterCounter.com, suggested people look to free alternatives. She explained, “Entertainment lovers think nothing of renting a movie from a streaming platform, but if they have access to a public library, they should know many new releases are found at these locations for free.”

She added, “Again, planning is everything, and it is more convenient to sit on one’s couch, search and push play. But those expenditures undoubtedly add up, especially during winter months and binge-watching marathons.”

Gym Memberships

While you may have joined the gym in January with the best of intentions, it isn’t worth the bill you pay each month if you don’t use it.

Kenan Acikelli, CEO of Workhy, agreed that people need to look at their subscriptions, including gym memberships, to cut costs.

He noted, “In 2024, consumers should reevaluate their subscriptions and recurring expenses. Often, people pay for services like underutilized gym memberships, multiple streaming platforms or premium internet packages that exceed their actual needs. Another area to consider is automatic renewals for software or apps that are rarely used.”

“Evaluating and trimming these unnecessary expenses can lead to significant savings, helping individuals allocate funds more effectively towards their financial goals,” he said.

Unused Insurance Policies

https://www.gobankingrates.com/saving-money/savings-advice/unnecessary-bills-you-should-stop-paying/?utm_term=related_link_1&utm_campaign=1279854&utm_source=yahoo.com&utm_content=2&utm_medium=rss

Friday Evening News With MarkZ

MarkZ Update- Some highlights by PDK-Not verbatim

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

Member: Canno believe another week gone already

Member: ya know...we're closer than we were yesterday...so there's that

Member: We Are Almost There! Let’s keep PRAYING this in!!

Member: There will always be rocks in the road ahead of us. They will be stumbling blocks or steppingstones; it all depends on how you use them.

MZ: Massive Nothing Burger on the RV Front.

Member: We need a YUGE beefy RV burger with all the fixins!!

​​Member: so there's no news on bonds or they're just being very quiet

Member: The quieter they are might mean the more NDA’s have been signed.

Member: Any idea Mark on why there is no news??

MZ: Usually when there is no news they have been told to be quiet …or there just is no news. The rumors are that bond market schedules have been set up for the month of August…..and we had a lot of good news from Iraq earlier this week.

MZ: But sometimes there is just no new news….or things have not changed in the last few hours.

Member: Is 10 days of no news our 10 days of darkness… {wink}

Eber: Does the Dragon Faily have to sign off with the Treasury Department before the RV?

MZ: As I understand it they enter their codes the same time as Mr. Cottrell.

Member: Anyone notice that all the good and encouraging news seems to be with the BRICS nations…big things happening with them….exciting news…..and the bad news comes from the fiat countries……imo

Member: Ariel said market crash and Iran about to attack Israel and RI in Iraq

MZ: Sounds about right . We are watching the crash in real time…It has already started….It is already happening.

​​Member: Mike Bara said they’re having a little trouble with/German bonds, a lot of fakes. Next bond, they have to reach a certain % done, then us. Predicts this weekend

MZ: I hope he is accurate.

Member: I always thought That a good time to roll out the reset is Friday Night after markets close….

Meber: This weekend would be great

Member: I think next week could be our week, crash incoming

Member: at this point I'm just hoping for this year ...

Member: A reliable source said August would see a big event.

MZ: Things seem to be coming together for that.

Member: Everyone have a wonderful weekend…..God Bless

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

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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=f7PqILHX3sI