Dinar Recaps Blog Page — Dinar Recaps (2024)

KTFA

Saturday Night Conference Call

FRANK26….6-29-24….IT’S TIME FOR THE BUDGET

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=bKgevZV3C-A

Project mBRIDGE Explained: BRICS, Multi Currency Reality Via New Blockchain Settlement System

Lena Petroa: 6-29-2024

Blockchain-based project mBRIDGE will become the foundation for a new, global alternative financial system. mBridge does not support settlements made in U.S. dollars.

Today, Warwick and Lena discussed how project mBRIDGE works, its structure, key stakeholders as well as the benefits that it will facilitate for the global majority.

The discussion focuses on the process of de-dollarization, the BRICS+ bloc and the future of payment settlements.

https://www.youtube.com/watch?v=hRwzx7WnT7s

BRICS Shocked Dollar by Switching to Gold Reserve: What next?

Fastepo: 6-29-2024

In this video, we explore the recent global shift toward increasing gold reserves and examine how this trend impacts the relationship between gold prices and the US dollar.

We delve into the reasons behind various countries' moves to diversify their reserves away from the US dollar. Additionally, we analyse how gold prices typically respond to fluctuations in the US dollar.

https://www.youtube.com/watch?v=JjwhZ8fWbcg

What Is Money?

Lynette Zang: 6-29-2024

Today we are talking about money, what it is, how it's created and the lie that has been sold to us...

https://www.youtube.com/watch?v=wbs6Dye17Do

The Latest Rv And Economics Updates from the Seeds of Wisdom Saturday Evening 6-29-24

Good Evening Dinar Recaps,

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MiCA represents one of the first comprehensive regulatory frameworks for crypto trading to be developed in a major financial jurisdiction, and its adoption will increase requirements for market participants in a range of areas.

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US Dollar to Get Re-Priced from ‘Widely Overvalued’ Levels, Massive Impact on Gold, Bitcoin Targets |Youtube

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China-Serbia FTA to take effect on July 1, further facilitates bilateral exchanges

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Newshound'sPodcast June 28, 2024 on XRP and Ripple

MP3 Here

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Newshound'sNews Telegram RoomLink

Q & A ClassroomLink

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Thank youDinar Recaps

25 Things You Should Never Do With Your Money

Roger Wohlner Sat, June 29, 2024

Do enough digging and you’ll find that there is possibly an endless list of things you shouldn’t do with your money. From bad habits to decisions based on wishful thinking, some of the bigger missteps can really cost you.

To find out the biggest money mistakes you should avoid, GOBankingRates asked financial experts for their best advice.

Never Cash Your Paycheck Right Away

If you cash your paycheck right away, you might burn through it too quickly.

“You will most certainly spend it all if you cash your paycheck rather than have your employer directly deposit it into your bank account,” said Barbara Friedberg, a personal finance consultant. “Even better is to automatically transfer a percent of your paycheck into a retirement investment account and direct-deposit the remainder into a bank account.”

One advantage of having a workplace retirement plan, such as a 401(k), is that money is automatically deducted from your pay and invested. You don’t see it, so you won’t spend it. You can use a budgeting template to get the most mileage out of your paycheck.

Never Fall For ‘Special’ Finance Deals You Can’t Afford

Promotional finance offers that provide zero or low interest rates on a big purchase might sound like a great deal — until you wind up paying more than you expected. That’s what happened to Grayson Bell, founder of personal finance website Debt Roundup.

“Don’t finance a new vehicle, or watercraft in my case, based on the low promotional monthly payment,” he said. “I financed a new $10,000 Jet Ski with no money down and no real way to pay for it based on a radio ad promoting a super low $69 per month payment. What I didn’t read was the rate was only for two years, then it changes to include retroactive interest based on the loan amount.”

“Those financing deals can ruin you if you’re only looking at the monthly payment,” he continued. “Go through the math and read all of the fine print. They get you in with the low monthly payments, but keep you paying for much longer than you anticipated.”

Never Co-Sign a Loan You Can’t Afford

Michelle Schroeder-Gardner of personal finance blog Making Sense of Cents said you should never co-sign on a loan for someone unless you have the means to pay it back fully.

“The fact is that you never know if the person will be able to pay every single payment, so it’s best to prepare yourself,” she said.

Never Live Above Your Means

One of the tenets of building wealth is to live below your means. Saving and investing should be your priorities so you can help pay for your children’s college costs and live comfortably in retirement, said Cathy Curtis, a certified financial planner and author of “The Happiness Spreadsheet: How To Create A Budget Aligned with Your Values, Beliefs and Ideals.”

Never Rely Only on Cash When Traveling

Sure, carrying and using cash is a good alternative to running up credit card bills. But Curtis suggested using traveler’s checks or credit cards as an alternative to cash.

Holding substantial cash when you’re traveling can invite unfortunate situations. You could lose it or be a victim of theft, which is not uncommon in certain tourist areas.

To Read More:

https://www.yahoo.com/news/finance/news/25-things-never-money-143113401.html

I Grew Up Rich: 6 Money Lessons I Wish My Parents Would Have Taught Me

Cindy Lamothe Fri, June 28, 2024 a

There’s no doubt that being born with a silver spoon in your mouth gives you a leg up in the world — but it can also have its downsides, financially speaking.

Growing up rich has many perks, but it can also hinder a person from learning essential money lessons.

GOBankingRates spoke with people who come from privilege but recognize their upbringing didn’t equip them with the necessary financial skills to set them up for long-term success. Read below for their insights on money lessons they wish they had learned.

Appreciating the Value of Money

“Having grown up in a wealthy family and now working for my own business, I have unique insights into the financial lessons often missed when money is readily available,” said Ben Hilton, founder and managing director of Switch Jam Digital.

“I never felt the need to worry about money as a child, and therefore, I failed to understand its real value. I now wish that someone had inculcated in me an appreciation of the actual work that goes into making money,” he said. “For instance, why did someone waste hours in the pursuit of a better deal or draw up a stringent budget? If I had known better the value of money, perhaps I would have been more enlightened about money management and spending habits.”

Budgeting Skills and Money Management

“I didn’t have to budget because it wasn’t expected or required in my home, and I’m still unaware of how to properly maintain a budget,” Hilton said. “When I first left home and lived alone, I struggled to balance my expenses and income.”

He noted that making sure a person knows how to set up and maintain a budget is a rather important skill that prevents overspending and helps to uphold and support personal financial stability.

Nischay Rawal, CPA, founder and managing partner of NR Tax & Consulting, shared a similar experience.

“Growing up with wealthy parents, I never learned the value of a dollar or what it meant to budget,” he said. “Money was always there for whatever I needed or wanted. As a result, I didn’t develop key financial skills that most people gain from an early age.

“When I started my own business, I had no idea how to forecast expenses, set financial goals or manage cash flow,” Rawal explained. “The first few years were a crash course in Finance 101. I made many mistakes that could have been avoided if I had a better grasp of basic money management.”

Investing Wisely

“While I had the money, I never learned how to invest early. I lost the basis for generating wealth through investment,” Hilton said. “A clear illustration of this is the fact that I was unaware of compound interest when I was 20 years old, a knowledge that could have significantly increased my financial worth.”

Learning investment principles and how to build wealth is crucial, according to Hilton. “How to invest wisely is a critical lesson for long-term financial growth,” he said.

Financial Independence

“Financial security during childhood is typically already wealth-dependent,” Hilton said. “I wish somebody had taught me about financial independence very early. For instance, in the early days of my career, it became easy to reach out to family for money and support instead of struggling and fighting to succeed financially independently.”

To Read More:

https://www.yahoo.com/news/finance/news/grew-rich-6-money-lessons-180010744.html

Weekend News with MarkZ

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

MZ: The first 45 minutes we spend with the CBD Gurus, go to the 45-minute mark for the news. Lower denominations being dispersed in July, and whatever else comes up.

Member: good Morning and Happy Weekend to everyone

Member: does Iraq have their new rate in the budget published this morning?

MZ: No I do not believe there is a new rate in the Gazette this morning. I am not expecting one till Wednesday . I have heard that Sudani has signed off on the budget and it is supposed to be headed to the Gazette . There was some hope it would be printed this morning.

MZ: Something fun popped into the news yesterday- both from banks and exchange locations in Iraq. There was a notice that they are expecting distribution of lower denomination bills in July.

MZ: Both of the confirmations I received this morning from contacts on the ground inside of Iraq used the same words that they were told to expect them to distribute/disperse lower denominations in July.

MZ: That tells us how stinking close we are. The only thing that could make me happier to hear is the RV announcement and us getting to set our exchange date .

MZ: So they started yesterday telling everyone they will see lower denominations in July. Why would they need theses lower denominations unless the currency is worth more?

MZ: The month of July starts tomorrow in Iraq. I anticipate a lot of movement in the month. They continue to educate businesses in Iraq on pricing structures …so that when there is a value change of the dinar….they will be able to reprice goods and the consumers will be able to adjust spending

MZ: So for me that is our biggest news out of Iraq overnight. July is looking exceptionally good.

Member: so it looks like we may have “Christmas in July” afterall…. Lol

MZ: Could bei cannot imagine releasing ower denominations months before a value change.

Member: Frank26 says lower denoms come out the same time as the value change.

MZ: Bond folks have been very quiet overnight…..

MZ: Heading stateside tomorrow for July 4th and some medical things…….so the next podcast is from the US

Membr: Safe travels Mark….and thanks for the wonderful news from Iraq.

Member: Everyone have a wonderful weekend…..hope its our last weekend broke.

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

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

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.

​TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com

STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

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

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

ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

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

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

TNT:

Tishwash: Document stating no taxes on Dinar and the report for Vietnam

This is the summary fromsection6

FOREIGN EXCHANGE AND REMITTANCES

Foreign Exchange

The currency of Iraq is thedinar (IQD). The Central Bank of Iraq devalued the IQD, by 22.7 percent at the end of Dec 2020, to avoid a liquidity crisis. This came as part of the reform plan put in place by the Prime Minister after the country was simultaneously impacted by COVID -19 and the significant drop in oil prices at that time.

Iraqi authorities confirm that in practice,there are no restrictions on current and capital transactions involving currency exchange ifvalid documentation supportsunderlying transactions.

TheInvestment Lawallows investors to repatriate capital brought into Iraq, along with proceeds. Funds can be associated with any form of investment and freely converted into any world currency. TheInvestment Law also allows investors to maintain accounts at banks licensed to operate in Iraq and transfer capital inside or outside of the country.

The GOI’s monetary policy since 2003 has focused on ensuring price stability primarily by maintaining a de facto peg between the IQD and the U.S. dollar,while seeking exchange rate predictabilitybysupplying U.S. dollarsto the Iraqi market. In December 2020, the GOI announced that it would officially devalue the dinar’s peg to the U.S. dollar by 22 percent. Banks may engage in spot transactions in any currency; however, theyare not allowed to engage in forward transactions in Iraqidinars for speculative purposes. There are notaxesor subsidies on purchases or sales of foreign exchange.

the whole report is here https://www.state.gov/reports/2022-investment-climate-statements/iraq/

Here is the link for the same report but for Vietnam

I HAVE NOT READ IT AND I DON'T INTEND to

https://www.state.gov/reports/2023-investment-climate-statements/vietnam/

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BabysMom: Vietnam Tax Document

Vietnam

2. Bilateral Investment Agreements and Taxation Treaties

Vietnam maintains trade relations with 200 countries, and has 65 bilateral investment treaties (BITs) and 26 treaties with investment provisions. It is a party to five free trade agreements (FTAs) with ASEAN, Chile, the Eurasian Customs Union, Japan, and South Korea. As a member of ASEAN, Vietnam also is party to ASEAN FTAs with Australia, New Zealand, China, India, Japan, South Korea, and Hong Kong.

Vietnam finalized an FTA with the European Union in 2015, but the agreement has neither been signed nor ratified. In addition, Vietnam is a member of the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP), which was signed on March 8, 2018. Vietnam is a participant in the Regional Comprehensive Economic Partnership (RCEP) negotiations, which include the 10 ASEAN countries and Australia, China, India, Japan, South Korea, and New Zealand, and it is negotiating FTAs with other countries, including Israel.

A full list of signed agreements to which Vietnam is a party is on the UNCTAD website:http://investmentpolicyhub.unctad.org/IIA/CountryBits/229#iiaInnerMenu.

Vietnam has signed double taxation avoidance agreements with 77 countries, listed athttp://taxsummaries.pwc.com/ID/Vietnam-Individual-Foreign-tax-relief-and-tax-treaties. The United States and Vietnam concluded and signed a Double Taxation Avoidance Agreement (DTA) in 2016, but the agreement is still awaiting ratification by the U.S. Congress.

There are no systematic tax disputes between the government and foreign investors. However, an increasing number of U.S. companies disputed tax audits resulting in retroactive tax assessments. These cases may stem from Vietnam’s chronic budget deficits and the need to find sources to fill the revenue gap left from falling tariffs and falling oil revenues. These retroactive tax cases against U.S. companies can obscure the true risks of operating in Vietnam and give some U.S. investors pause when deciding whether to expand operations.

In February 2017, the government released Decree 20/2017/ND-CP, effective since May 2017, which introduced many new transfer-pricing reporting and documentation requirements, as well as new guidance on the tax deductibility of service and interest expenses.

6. Financial Sector

Capital Markets and Portfolio Investment

Although Vietnam welcomes foreign portfolio investment, Morgan Stanley Capital International (MSCI) still classifies Vietnam as a Frontier Market, which precludes some of the world’s biggest asset managers from investing in its stock markets. Vietnam is working to meet the criteria necessary to attain “emerging market” status and attract greater foreign capital inflows.

While the government has acknowledged the need to strengthen both the capital and debt markets, there has been no substantial progress, leaving the banking sector as the primary capital source for Vietnamese companies. Challenges to raising capital domestically include insufficient transparency in Vietnam’s financial markets and non-compliance with internationally accepted accounting standards.

Vietnam has two stock exchanges, which are the HCMC Stock Exchange (HOSE) and the Hanoi Stock Exchange (HNX). The State Securities Commission (SSC) regulates both. As of February 2018, HOSE and HNX had total market capitalization of approximately USD 220 billion, surpassing 110 percent of Vietnam’s GDP. Government bonds account for one fifth of the total market capitalization traded on the HNX. A trading floor for unlisted public companies (UPCOM) operates at the Hanoi Securities Center, where many equitized SOEs first list their shares (due to lower transparency requirements) before moving to HOSE or HNX. Roughly 90 percent of the combined market capitalization is in HOSE.

Vietnam complies with International Monetary Fund (IMF) Article VIII. The governmentnotifiedthe IMF that it accepted the obligations of Article VIII, Sections 2, 3, and 4, effective November 8, 2005.

Banks charge relatively high interest rates for new loans because they must continue to service existing non-performing loans (NPLs). Domestic companies, especially small and medium enterprises (SMEs), often have difficulty accessing credit. Foreign investors are generally able to obtain local financing.

Money and Banking System

The State Bank of Vietnam (SBV) estimates that around 70-80 percent of the total population are underbanked or do not have bank accounts, due to an inherent distrust of the banking sector, the engrained habit of holding assets in cash, foreign currency, and gold, and the limited use of financial technology tools. Since recovering from the 2008 global downturn, Vietnam’s banking sector has been stable. However, despite various banking reforms, Vietnam’s banking sector continues to be concentrated at the top and fragmented at the bottom.

By the end of 2017, state-owned or majority state-owned banks accounted for over 46 percent of total assets, and over 40 percent of equity capital in the banking sector. The estimated total assets in the banking system is USD 454.6 billion. In addition, 31 private joint-stock commercial (private) banks, all smaller than the state-owned banks, are gradually gaining market share. There were also nine foreign-owned banks (HSBC, Standards Chartered, Shinhan, Hong Leong, Woori Bank, Public Bank, CIMB Bank, ANZ and United Overseas Bank), 49 branches of foreign banks, 47 representatives of foreign banks, and two joint-venture banks (Vietnam-Russia Bank and Indovina Bank).

Vietnam has made some progress on reducing its NPLs, but most domestic banks remain under-capitalized with high NPL levels that continue to drag on economic growth. Accurate NPL data is not available and the central bank frequently underreports the level of NPLs. Other issues in the banking sector include state-directed lending by state-owned commercial banks, cross-ownership, related-party lending under non-commercial criteria, and preferential loans to SOEs that crowd out credit to SMEs. By law, banks must maintain a minimum chartered capital of VND 3 trillion (roughly USD 134 million).

Currently, the ceiling for total foreign ownership in a Vietnamese bank remains at 30 percent, with a 5 percent limit for non-strategic individual investors, a 15 percent limit for non-strategic institutional investors, and a 20 percent limit for strategic institutional partners. In early 2017, the Prime Minister promised to increase the limits of foreign ownership in local banks, though he did not specify the new ceiling. Prudential measures and regulations apply the same to domestic and foreign banks.

We are unaware of any lost correspondent-banking relationships in the past three years. However, after the SBV took over three failing banks (Ocean Bank, Construction Bank, and Global Petro Commercial Bank (GP Bank)), and placed Dong A Bank under special supervision in 2015, correspondent-banking relationships with those banks may have been limited.

Vietnam has begun studying blockchain technologies in financial services and SBV established a steering committee on financial technology (fintech) in March 2017.

Foreign Exchange and Remittances

Foreign Exchange Policies

There are no restrictions on foreign investors converting and repatriating earnings or investment capital from Vietnam. However, funds associated with any form of investment cannot be freely converted into any world currency.

The SBV has a mechanism to determine the interbank reference exchange rate. In order to provide flexibility in responding to exchange rate volatility, the SBV now announces the interbank reference exchange rate daily. The rate is determined based on the previous day’s average interbank exchange rates, taking into account movements in the currencies of Vietnam’s major trading and investment partners.

Remittance Policies

Vietnam allows foreign businesses to remit profits, capital contributions, and other legal investment activity revenues in hard currency. There are no time constraints on remittances or limitations on outflow remittances of profits or revenue. However, outward foreign currency transactions require certain supporting documents (such as audited financial statements, import/foreign-service procurement contracts and proof of tax obligation fulfillment, and approval of the SBV on loan contracts etc.).

Sovereign Wealth Funds

The State Capital Investment Corporation (SCIC) technically qualifies as a sovereign wealth fund (SWF), as its mandate is to invest dividends and proceeds from privatization in assets outside of the state-owned sector. It was estimated at USD 2.8 billion in June 2016 (an updated estimate is not available.) However, the SCIC does not manage or invest balance-of-payment surpluses, official foreign currency operations, government transfer payments, fiscal surpluses, or surpluses from resource exports. SCIC’s primary mandate is to manage the non-privatized portion of SOEs. By July 2017, the SCIC managed a portfolio of 141 equitized SOEs, including 134 joint-stock companies, and three limited companies in various sectors. The SCIC invests 100 percent of its portfolio in Vietnam, and the SCIC’s investment of dividends and divestment proceeds does not appear to have any ramifications for U.S. investors. The SCIC budget is reasonably transparent, audited, and can be found athttp://www.scic.vn/.

In addition, the SCIC is working toward membership in the IMF-hosted International Working Group on SWFs.

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Tishwash: A parliamentary committee reveals the reasons for obstructing the legislation of the oil and gas law

Today, Saturday, member of the Oil, Gas and Natural Resources Committee, Kazem Al-Touki, revealed the reasons for obstructing the legislation of the oil and gas law, while stressing the difficulty of legislating the law.

Al-Touki told Al-Maalouma Agency, “The differences have negatively affected the legislation of the oil and gas law, which faces many political and technical obstacles.”

He added, “Legislating the oil and gas law is not an easy matter, especially after the decisions of the Federal Supreme Court to stop the region’s export of oil through the Turkish Ceyhan port.”

He pointed out that "the legislation of the oil and gas law needs more dialogue and negotiation between Baghdad and Erbil, especially since the legislation of this law was part of the political agreement prior to the formation of the government. 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.

Global Currency Reset: (Rumors Opinions )

Fri. 28 June 2024 Wolverine: “I want you all to get ready as Iraq is going to have a massive celebration this Sunday 30 June. The RV is nearly here and it’s going to be very emotional for all of us. I’ve been told that all funds have been deposited to start payments for Nesara/Gesara. I’m also hearing good news coming from Reno as well

Thurs. 27 June 2024 Bruce: On Thurs. 27 June a source at the Iraqi Airport in Baghdad used his Iraqi debit card with the new Iraqi Dinar rate on it to access funds. My sources say Tier 4b notification could come the last three days of this month – Fri, Sat or Sun. 28, 29, 30 June. Iraq was planning on celebrating their new Iraqi Dinar Rate on Sun. 30 June

Thurs. 27 June 2024 MarkZ: The new Iraqi Dinar Rate was fully expected in the month of June. Banking contacts say it will happen sometime between July 4-8, while outsiders were saying July 12-13.

Wed. 26 June 2024Banker: : Wolverine confirmed my Intel that the exchange process will begin in China move eastward to Europe and then to the US. As most know our Saturday is Iraq’s Sunday. The new Budget was included in the latest Gazette but the rate was not given. I now have it from three different sources that Iraq is planning a nationwide celebration for this Sunday 30 June. There are many foreign dignitaries in country for the party and the rate will be announced and the new ATM’s with the new currency will be opened. So this is my hoped for announcement for tomorrow Sat. 29 June. GOD Bless.

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Fri. 28 June 2024 TNT Call:

Iraq is ready to party on Sunday 30 June.

The lower denomination Dinars are in the ATMs.

Banks have been notified that the Dinar is exchangeable once they get the go, which they are expecting between this evening Fri. 28 June and Sunday morning 30 June.

Sudani told the Iraqi people that there is going to be a change in the banks.

Tier 2 & 3 banks in the US have also now been advised to “get ready.”

Banks have been doing practice runs for the last two days, and the biggest issues that keep occurring, were with people not having their currency separated and organized.

The budget is expected to be published in the Gazette on Sat. 29 June.

Bankers from Indiana, Chicago, NY, NJ, FL and DC texted Tony during the call and advised that they are ready, and that some of them are staying late tonight, and that some are starting early tomorrow morning.

Tony believes that our window is still any time after 4:00pm Eastern today, through Sunday morning.

Ray believes that it’s coming tonight Fri. 28 June, so that’s what we’re all going to pray for.

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Global Financial Crisis:

June 2024: Saudi Arabia will not be renewing the 50-year petrodollar agreement with the United States. Instead, they will be selling oil in multiple currencies, including the Chinese RMB, Euros, Yen, and Yuan. This should be treated as a black swan event, but you wouldn’t know it because the U.S. government is more focused on investigating tire tracks over a street intersection. Remember, the revolution will not be televised.

NEW YORK, June 27 (Reuters) – Ten large banks including Bank of America (BAC.N), Goldman Sachs (GS.N), and JPMorgan Chase (JPM.N), will pay $46 million to settle a long-running antitrust lawsuit accusing them of conspiring to rig the now $465.9 trillion market, for interest rate swaps. Other settling banks include Barclays (BARC.L), BNP Paribas (BNPP.PA), Citigroup (C.N), Deutsche Bank (DBKGn.DE), Morgan Stanley (MS.N), NatWest (NWG.L), and UBS (UBSG.S) https://www.reuters.com/legal/ten-big-banks-settle-us-interest-rate-swaps-rigging-litigation-2024-06-27/

Read full post here: https://dinarchronicles.com/2024/06/29/restored-republic-via-a-gcr-update-as-of-june-29-2024/

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

Mnt Goat ...it is nearing the end of June already...Recently we witnessed a surge of news from many of the prominent global entities including the UN, World Bank, IMF and the EU. All of them praising Iraq and giving “kudos” to them for the hard work and achievements. Today is not different as the articles once again tell the RV spigot is wide open to the RV.

Militia Man This isn't the old days. It's a progress of education that they are teaching us and they're teaching their people. They're telling the world what they're doing. The 'big money', they know how this is rolling and they can see this...These are the things...we should feel good about because this is showing us big things are happening.

Over 50 Nations Ditching The Dollar, De-Dollarization In Full Effect

Atlantis Report: 6-28-2024

Over 50 Nations Are Ditching The Dollar. Dedollarization Is In Full Effect, and a New Financial System Is Coming.

For many years, the U.S. dollar has been the dominant reserve currency worldwide, playing a major role in international trade, finance, and investment. However, an increasing number of countries, including major economies like China and Russia, are starting to move away from the dollar.

This shift, influenced by various geopolitical and economic factors, suggests a restructuring of the international financial system.

This challenges the U.S. dollar's long-standing dominance and could lead to the establishment of a new financial order.

https://www.youtube.com/watch?v=yOT2ScMBS6I

KTFA

Friday Night Conference Call

FRANK26….6-28-24….A HOLY BLESSING

Iraq will be “officially” in the WTO by July 18th!!!

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=pL09PAa2KDY

The Latest RV and Economics Updates from the Seeds of Wisdom Team Friday Evening 6-28-24

Good Evening Dinar Recaps,

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Read more:ISO Org

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Read more:Currency Insider

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Read more:Crypto Briefing

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Read more:Bloomberg Law

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Read more:The Block

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Read more:Crypto Slate

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Read more:CNBC

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Read more:ZeroHedge

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KTFA:

Clare: Iraq sells 104 million barrels of oil in May

The ministry stated in a brief statement received by Mawazine News, that "the total oil exports achieved for the past month of May, according to the final statistics issued by the Iraqi Oil Marketing Company (SOMO), amounted to (104) million and (130) thousand and (292) barrels." LINK

Clare: Iraq and Britain discuss preparations for Sudanese's visit to the United Kingdom and ways to enhance partnership and cooperation between the two countries

6/27/2024

The Undersecretary of the Ministry of Foreign Affairs for Multilateral Affairs and Legal Affairs, Omar Al-Barzanji, received the Chargé d'Affaires of the Embassy of the United Kingdom of Great Britain and Northern Ireland to the Republic of Iraq, Rosie Cave, in his office in the ministry building.

A statement by the Ministry of Foreign Affairs stated that during the meeting, they discussed strengthening relations between the two friendly countries and discussing issues of common interest, as the Undersecretary pointed out the importance of working to develop frameworks for cooperation in various fields, noting that the two countries are linked by relations of common interests in various economic, political and strategic fields.

For her part, Cave pointed out, during the meeting, to the ongoing preparations for the visit of Prime Minister Mohammed Shia Al-Sudani to the United Kingdom, and ways to enhance partnership and cooperation between the two countries.

She also expressed her thanks and appreciation to the Iraqi Ministry of Foreign Affairs for its continuous support and assistance in overcoming the obstacles facing the embassy in Iraq, and praised the role of the ministry in enhancing cooperation between the two countries to achieve common goals. LINK

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Clare: The President of the Republic approves a number of laws, including the 2024 budget schedules

The Presidency’s Media Department said in a statement - received by the Iraqi News Agency (INA): “The President of the Republic, Abdul Latif Jamal Rashid, ratified a number of draft laws, which are the schedules of the Federal General Budget Law for the year 2024, the first amendment to the Anti-Prostitution and hom*osexuality Law, and the Law Extending the work of the Independent High Electoral Commission, and the first amendment law to the law regulating the rent of agricultural lands and granting ownership of the right to dispose of them for agricultural and veterinary graduates.”

The statement added, "The laws were sent after their approval by the President of the Republic for publication in the Iraqi newspaper Al-Waqae' to enter into force."

The Presidency of the Republic confirmed - according to the statement - that it is “moving forward in supporting legislation and laws that are in the interest of the country and citizens, by approving the laws approved by the House of Representatives, as well as by submitting draft laws by the Presidency of the Republic to the House of Representatives for the purpose of discussing and approving them.” LINK

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

BREAKING NEWS Zimbabwe Haiti Argentina Rates & News

Edu Matrix: 6-28-2024

BREAKING NEWS Zimbabwe, Haiti, Argentina Rates & News - ZiG Strengthing through taxes; Hait's New PM Kenyian Police; Argentina's Inflation

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

Rafi Farber The Forex Markets Are Beginning to Break Down

Arcadia Economics: 6-28-2024

The next 4 months or so are going to be tumultuous.

The chaos is reflected in the currency markets, and it is only a matter of time before gold and silver react forcefully to the changes yet to come this year.

The Japanese yen - the gob of spit keeping the Keynesian pyramid together - keeps plunging lower, and the Bank of Japan has yet to respond.

The more they respond though, the more the markets push back, as there is little that is more profitable than pouncing a cornered central bank.

Just ask George Soros. As order crumbles, silver will be a shining light in the midst of the chaos.

https://www.youtube.com/watch?v=tcgpSh5W4-o