Dinar Recaps Blog Page — Dinar Recaps (2024)

5 Common Emergency Expenses — And How Much They Cost on Average

Cindy Lamothe GoBankingRates Fri, June 7, 2024

One thing in life is certain: things are unpredictable unimaginable ways. While you can’t know what the future holds, you can plan for it. Because being unprepared can drain your emergency fund empty and leave you in the poor house.

“If your car breaks down, the cost to fix it can vary greatly,” said Melanie Musson, a finance expert with Clearsurance. “If you have a flat tire, you may need to replace all your tires, which will cost about $600 or more. However, you can expect to pay $2,000 or more for a replacement if your transmission goes. A new radiator will cost around $1,000. If you need a new battery, you have an easy fix for about $100.”

Justin Godur, financial expert and CEO of Capital Max, says understanding these common emergency expenses and their potential impact on your finances is essential for effective financial planning.

“By anticipating these costs and preparing accordingly, you can protect your financial well-being and avoid significant stress during emergencies.”

Below, experts outline exactly how much some of these common emergency expenses will cost you on average.

Car Breakdown

“A car breakdown is one of the most frequent and costly emergency expenses,” Godur said. “The average cost for a major car repair, such as a transmission or engine replacement, can range from $3,000 to $7,000.”

He says even minor repairs, like fixing a brake system or replacing a fuel pump, can cost between $300 to $1,000.

“Regular maintenance and an emergency savings fund can help mitigate these unexpected costs,” Godur said.

Job Loss

According to experts, losing a job is a significant financial shock.

“The average duration of unemployment in the U.S. is about 22 weeks, during which time individuals need to cover living expenses without a steady income,” Godur said.

Musson notes the same.

“If you lose your job and are eligible for unemployment, you can expect to lose half of what you were making,” Musson said. “Unemployment services are a nightmare to work through in many parts of the country, so you can expect to have a lag time of several months, during which time you’ll have no income. So, if you were making $5,000 a month, in a best-case scenario, you’d lose $2,500 a month, and in a worst-case scenario, you’d lose $5,000 a month.”

Godur says that depending on your lifestyle and location, this could mean needing between $10,000 to $20,000 to stay afloat.

“Building an emergency fund with three to six months’ worth of expenses is crucial to weather such storms.”

To Read More:

https://www.yahoo.com/finance/news/5-common-emergency-expenses-much-140111547.html

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

Member; Another Friday already….the weeks sure fly by

Member: Looking forward to not being here with everyone post RV- no offense…lol

Membeer: What is the good word today Mark??

Member: Is this our month?

MZ: I really do think IIt’s our month….The information I am getting from anybody on the bond side is overwhelmingly positive. The only thing that would make me happier is for the key friends Ithat have boxes of bonds to say “I’m paid” lets go!!!…..That’s when I will get giddy.

MZ: I have 3 “giddies “left in me. 1-They get paid…2. CMKX gets paid and 3. We get paid……So giddy, then giddier, then giddiest….

MZ: A lot of bond folks are positioned to go the first of next week. They think this is really it. I’m praying this is really it for them. We are about to find out soon. .

Member: Will the budget be posted in the Gazette tomorrow?

MZ: I think it will be.

Member: if the rate is posted in the Gazette this weekend -there's a possibility that we could start making appts Mon or Tues??? Sure hope so

Member: Praying that Iraq's announcement is the starting gun!!!

Member: Hoping it’s true that Sudani is saying the dinar IS stronger than the dollar. I interesting verbiage now

Member: What is the significance of “June 9th”?

MZ: We are looking at it because Saudi Arabia did not renew its petro dollar deal with the US that was signed in 1974 It expires on June 9th. This means they can take any currency they want…not just deal in USD. They can take US or gold or yuan or ruble or yen…you name it.

Member: Mark I think this is the end of the petro dollar…and will possibly cause instant disaster…. or a crash of the financial system

Member: I wonder what it's going to happen on June the 9th when the petrol dollar dies?

Member: I’m hoping this will frorce the RV to go to a gold backed/asset backed currency

Member: IMO RV could go at anytime. Don't get your heart set on a date. We just don't know for sure. It's looking good, though

MZ: I still very much think it will all go at once.

Member: Debt Clock showing 0 under national debt. Just absolutely wild.

MZ: Don’t read too much into that….they post from other sites and are a privately owned site. But they really do a good job.

Member: my local bank is closed on Juneteenth whatever that is?

Member: Skye Prince posted a new YT last night. Med Beds will be released when the notifications come out!!!!

MZ: I hope she is right.

Member: There are many more countries trying to join BRICS right now.

Member” I wonder if Iraq will be joining them as well….makes sense to me.

MZ: There are some new articles that (I think) have everything to do with the revaluation in the world and a asset backed currency. “Gold Rush: Long lines to purchase bullion in Vietnam”

MZ: The world is preparing…the people of the world are preparing for tumultuous times. Its like in the fall when the squirrels and chipmonks are preparing for a long winter. Really loading up on nuts…People are similar to the animals in the woods. They are preparing….people know things are not sustainable the way they are .

MZ: I know so many people are freaking out about the changes at Dinar Recaps. People who want to pay a little extra will get the news an hour or two before the free side…with no ads…..but everyone will still get the news on the free side ..just a little later than you are used too. It is still free to use –if you don’t mind a extra wait. They still send the newsletters.

MZ: Because of demonetization of ads…Recaps had to do this to keep the lights on until the RV. They want to keep their site up. I support them needing to keep the lights on. Without them there would be so much worse information floating around dinarland.

MZ: They have stated there will be no delays getting notifications….It will immediately be posted on Recaps – both the paid and the free side at the same time. …..so don’t worry about that.

Member: It will also be posted all over the other dinar sites and the intel providers sites like Frank, Bruce, Mark, TNT ect……we wont miss it …imo

Member: Hoefully we will get that notice to exchange very soon and the changes at recaps will not matter to any of us…lol…I am sure they are wanting the RV as badly as the rest of us do.

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

Mod: THERE WILL BE NO PODCAST TOMORROW MORNING AS MARK WILL BE TRAVELING!!

MZ: Will be in Florida at Cape Canaveral this weekend at the “Quantum Summit” https://www.quantumsummit1776.com/

Member: Enjoy the weekend Mark! if want a recorded version is ok…….have a great weekend! safe travels

Member: MarkZ thanks for all you do for the community!!

The CBD guru’s join the stream today as there is no podcast on Saturday this week. Please listen to the replay for all of their information.

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

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

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/

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=FFh1PbdaoSU

Discover the Secret Tool Central Banks Might Use to Avert Financial Collapse. Perhaps Even a Total Money Reset.

The question remains: will a dramatic revaluation of gold really solve the fiat currency debt system death trap? In the case of the United States, a practical scenario would not only require a sky-high revaluation of gold but also utilizing gold to outright back the ever-devaluing dollar.

This hypothetical approach raises several issues.

First, the price of gold would need to soar to unprecedented levels to cover the national debt, as shown by therequired valuation of over $133,000 per ounce(as explained below).

Such a leap would fundamentally alter the global economic landscape and could undermine trust in the existing financial system. Additionally, backing the dollar with gold would necessitate a complete overhaul of current monetary policies and financial practices, potentially leading to significant economic upheaval.

This scenario forces us to confront the limitations of relying on fiat currency and question whether a return to a gold standard could truly provide a stable solution or merely shift the nature of economic challenges faced by modern economies.

In This Article:

1. What Are Gold Revaluation Accounts?

2. How GRAs Work for Central Banks

3. Using GRAs to Turn Gold Value into Money

4. How GRAs Can Help Cancel Government Debt

5. The Impact of U.S. Debt on Gold Prices

Gold Revaluation Accounts (GRAs) might sound complex, but they play an essential role in the financial strategies of central banks. They record the increase in the value of a country’s gold reserves as gold prices go up. This article will explain what GRAs are and how they can help countries like the United States reset their monetary systems and reduce their debt.

When the price of gold rises, the GRA records these unrealized gains. For instance, if a central bank bought gold years ago at a lower price and the price of gold increases today, the difference in value is recorded in the GRA.

Originally, this gold was valued at $11,041,059,958. However, with today’s gold price at $2,400 per ounce, the value has increased significantly.

To calculate the current value of the US gold reserves:

• Current Gold Value: 261,498,926 ounces × $2,400 per ounce = $627,597,422,400

The difference between the original book value and the current value is:

• Unrealized Gain: $627,597,422,400 (current value) – $11,041,059,958 (original value) = $616,556,362,442

This $616 billion gain is recorded in the GRA, reflecting the increased value of the US gold reserves.

For example, if the US Treasury needed funds, it could transfer part of the $616 billion gain from the GRA to cover expenses or increase its financial buffers.

This process involves adjusting the accounting records, not physically moving any gold.

For instance, the US could use the $616 billion gain to cancel some of its outstanding government bonds. By doing this, the government reduces its debt burden, easing financial pressure without increasing the money supply.

Currently, the U.S. has 261,498,926 troy ounces of gold. At the present gold price of $2,400 per ounce, the total value of the U.S. gold reserves is about $627.6 billion. This is a small fraction of the $35 trillion debt.

To pay off the entire $35 trillion debt with gold, the value of gold would need to rise dramatically. Specifically, each ounce of gold would need to be valued at around $133,837. This means that the price of gold would need to increase by over 55 times its current value to cover the national debt with the existing gold reserves.

This enormous required increase in gold prices highlights the severity of the U.S. debt situation. It shows just how far the financial system would need to stretch to resolve the debt through gold revaluation alone. The drastic measures required to achieve this highlight the scale of financial challenges faced by the government.

For the United States, leveraging the $616 billion in unrealized gains from its gold reserves could provide significant financial relief.

However, the requirement for gold to be valued at $133,837 per ounce to cover the national debt highlights the catastrophic level of debt and the drastic measures needed to address it. This approach shows how gold, beyond being a precious metal, plays a vital role in modern financial management.

Supporting article:https://www.gainesvillecoins.com/blog/how-central-banks-can-use-gold-revaluation-accounts-in-times-of-financial-stress

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Join my Telegram Channel to comment and ask questions here:GCR_RealTimeNews

Follow me on Twitter:@Real_AwakeIn3D

Iraqi Economic News and Points To Ponder Friday AM 6-7-24

Investment Law In The Balance Of The Economy

Economical 06/06/2024 Dr.. Adnan Hadi Jaaz There is no doubt that investment is one of the most important factors that can contribute effectively to correcting the defect in the structure of the Iraqi economy, diversifying sources of income, and reducing dependence on oil.

Reaching this goal is one of the most important strategic goals that contribute to Iraq’s stability and development and confronting economic, political and social crises.

Therefore, the law that is drawn up to attract investment must direct the financial surpluses of Iraqi society and make them move in the direction that uses capital efficiently and achieves the maximum for Iraq. Possible benefit.

Private sector investments, whether local or foreign, are among the most important factors that can be relied upon to solve the problems of the Iraqi economy.

The private sector is the second wing of the economy, and reality and history have proven that its distance from the economic scene was one of the biggest historical mistakes in Iraq.

However, in a quick reading of the new investment law, we are disappointed according to our vision and economic ambitions, and fears have increased for the future of this country’s economy, and in this article we try to explain the reasons for this not optimistic vision.

According to our reading, the proposed investment law is nothing more than a law for investment in residential cities, which is not considered a channel for transferring the financial surpluses of Iraqi society into the hands of a small, non-productive group, some of whom are foreign.

The investor in building residential cities can import all the materials he needs for the project without any return to the state or the state treasury.

He can grant the land for free, and we all know that the lands overlap and there is no difference between what is inside the basic design and outside it. Obtaining financial facilities and soft loans.

After 25% of the project is completed, he has the right to withdraw the capital and profits in full.

He has the right to employ foreigners, and of course these facilities will be used to import many times the materials and goods that the investor needs, which is the biggest source of increasing his profits and exporting foreign exchange many times the amount he obtained. Return as well as remittances of foreign workers.

As for what was mentioned in the privileges, he has the right to use what he increased from the land after the completion of the residential project without restricting or even specifying the land.

This is a lot of talk.

If we assume that he decided to build facilities that are not appropriate for the privacy of Iraqi society, or any of the investments that are not appropriate for them to be in residential areas.

Does the law allow us to prevent it? The second question is: He has the right to invest the surplus, regardless of its size: five, ten, or even twenty dunams, and perhaps more!

All of this is for the sake of producing housing units that are so far beyond the capacity and capacity of the middle class and even those with above-average incomes, and so far we only see from it an increase in the well-being of the wealthy by isolating them and settling them in private cities and in return absorbing the community’s financial surpluses and exporting them abroad.

Is this goal worth all these high economic costs?

Yes, it can stimulate the economy and increase growth if Iraq produces what the real estate sector needs, and therefore we say that it is an expansionary financial policy that aims to increase growth rates and income by increasing production rates and thus increasing employment and income rates in a way that contributes to solving the unemployment problem that haunts the political class and always threatens it. By failure.

If we

give the land for free with exemptions from taxes and fees, in addition to an

interest-free loan to the investor, and we

allow the employment of foreigners, and we

allow the export of foreign exchange, which is the financial surpluses of citizens and the loans that came from the Central Bank and Iraqi banks, then all these sacrifices are for the sake of increasing the well-being of the wealthy, nothing more and nothing less.

There is a real solution to the problem of housing the poor and the middle class, and even

if the needs of these segments are to be met, there are shorter and much less expensive ways, as the cost is great and very significant for the economic policy in general.

If we assume for the sake of argument that the visionary aims to increase the supply of housing units until it exceeds demand, then the gradual decline in prices will begin.

I believe that with the presence of crazy financial surpluses, including money laundering and the legalization of corruption funds, and some segments on which there are no restrictions, and they are many without detail, this is what I call the effect.

The double negative of this money is that it deducts from public funds and exploits citizens.

It works to increase prices in a way that cannot be kept up with in the real estate sector, and real estate in Baghdad and Basra are the best examples.

Therefore, this goal is difficult to achieve and requires a long period of time or for these cities to reach remote areas. Too far.

We must be patient in approving this law, and we must push financial surpluses of all kinds in another, more efficient direction, as they are an important financial resource and the key to solving many of Iraq’s economic, political and social problems.

We push them towards industry, especially with goods that meet the needs of the real estate sector and modern agriculture that meets the market’s need, and this is something that can be achieved.

Easily with the very large profit opportunities from the very large movement of the real estate sector due to the support of the financial and monetary policies represented by the initiatives of the Central Bank, then

it can be said that Iraq is pursuing a financial and monetary policy with clear features and results for the present and the future, and that these reasons for the investment law are somewhat logical. https://alsabaah.iq/97948-.html

Indicators Of The Growth Of Bank Cards In Iraq

June 06, 2024 The Central Bank of Iraq announces indicators of the growth of bank cards with the total number of them issued for the years (2018 - 2023), which show an increase in the number of cards over the past years. Central Bank of Iraq information Office June 6, 2024 https://cbi.iq/news/view/2602

Indicators of the growth of bank cards in Iraq Clip_image004 https://cbi.iq/static/uploads/up/file-171765993776734.jpg

The Iraqi National Bank: We Do Not Deal With Companies Suspended By The Central Bank

June 6, 2024 Last updated: June 6, 2024 Independent/- The National Bank of Iraq confirmed that it does not deal with companies that the Central Bank of Iraq has stopped from entering the window for buying and selling foreign currency, pointing out that

this comes in compliance with international standards for combating money laundering.

The bank said in a statement,

“This confirmation is based on the National Bank of Iraq’s firm commitment to good governance and full transparency in implementing the instructions of the Central Bank of Iraq, and the bank’s keenness to apply the highest international standards to combat money laundering and terrorist financing.”

Commenting on this decision, the bank’s authorized director, Ayman Abu Dhaim, stressed the importance of adhering to the principles of good governance as a basic pillar in all of the bank’s activities, saying:

“We believe that good governance enhances trust with our customers and partners, and contributes to enhancing financial and economic stability.

Transparency in implementing the instructions of the Central Bank of Iraq represents an integral part of our strategy to maintain the integrity of banking operations.” Abu Dhaim explained,

“The National Bank of Iraq adheres to the highest international standards in combating money laundering and terrorist financing, and follows strict procedures in auditing all financial transactions and verifying the sources of funds to ensure that they are not used in illegal activities.

It also works to regularly update its systems to comply with best practices.” International and the instructions of the Central Bank of Iraq.

Abu Dhaim pointed out “the importance of the due diligence procedures followed by the bank to ensure the safety of customer funds and companies’ assets,” and said:

“We are keen to implement due diligence procedures accurately, as we periodically examine transactions and ensure their compliance with national and international standards.”

These measures contribute to enhancing confidence in our financial system and ensuring the safety of our customers’ funds.” Abu Dhaim stressed,

“The National Bank of Iraq places the interest of the national economy and the safety of the banking sector at the top of its priorities, and that

its commitment to the instructions of the Central Bank of Iraq comes within the framework of this keenness to enhance financial stability and combat illegal practices.” https://mustaqila.com/الأهلي-العراقي-لا-نتعامل-مع-الشركات-ال/

Provoking Thoughts and Points To Ponder On Adversity:

The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy. -Martin Luther King, Jr.

Great occasions do not make heroes or cowards; they simply unveil them to the eyes of men. Silently and imperceptibly, as we wake or sleep, we grow strong or weak; and at last some crisis shows what we have become. -Brooke Foss Westcott

What does not destroy me, makes me strong. -Friedrich Nietzsche

I long ago came to the conclusion that all life is six to five against. -Damon Runyon

(Adversity is) the state in which a man most easily becomes acquainted with himself, being especially free from admirers then. -Samuel Johnson

Adversity has the same effect on a man that severe training has on the pugilist - it reduces him to his fighting weight. -Josh Billings

http://famousquotesandauthors.com/topics/adversity_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html

9 Times To Always Have $1 and $5 Bills on Hand While Traveling

Dawn Allcot Thu, June 6, 2024 GoBankingRates

As we shift toward a cashless economy, there are still times you want cash on hand. For instance, when you fuel up at the gas pump, you can save as much as 10 cents per gallon — that’s more than $1 if you have a 12-gallon tank and take it down close to empty. There are other times, especially on vacation, when you’ll want a stash of $1 or $5 bills.

Before you leave for a trip, it’s wise to withdraw some $1 and $5 bills from the ATM and keep them in your pocket, a change purse, or your wallet for easy access.

In fact, you might find yourself reaching for your wallet more than you might imagine on vacation in the U.S. Just getting from the airport into your hotel room often requires contact with multiple service providers who all supplement their income with tips.

1. Restaurant Servers

Most restaurants allow you to leave a tip for the server on your credit card when you pay the bill. But tipping in cash, instead, puts money in the server’s pocket that evening. And for many people living paycheck to paycheck, that extra money can make a difference. That’s why it’s a good idea to carry cash for tipping.

The standard rule is to tip 20%. Restaurants often publish suggested tip amounts at the bottom of the receipt, saving you the trouble of pulling out your phone to do the math.

You may also want to carry cash to pay for your restaurant meal. According to LawPay.com, in all but a handful of states, restaurants are permitted to add credit card surcharges to your bill — and many do.

Businesses in Connecticut, Maine, Massachusetts, and New York are prohibited from adding credit card surcharges, although New York allows a “cash discount” that’s essentially the same thing as a surcharge.

If you want to save money on vacation, read your restaurant bill carefully and avoid surcharges by paying in cash.

2. Housekeeping at the Hotel

If you’re staying in a hotel that cleans rooms daily, try to leave between $1 and $5 per day, according to Southern Living. There might be a new housekeeper each day. If the hotel only provides service every few days, it’s fine to leave a tip at the end of your stay. If you’re in a large suite or a luxury hotel, you might increase that amount to $10 per night or more.

Make sure to leave the tip in a visible spot, such as on the nightstand. If the hotel has stationery and a pen in the room, it’s a nice touch to leave a quick thank you note.

3. Room Service

If you order food from the hotel restaurant, it’s easy to put the charge on your room bill. But it’s a good idea to have money to tip the person delivering the food. Just as you would in a sit-down restaurant, 15% to 20% of your bill is the norm, according to Travel + Leisure.

4. Hotel Bellhop

Justin Nels, managing director of Isla Bella Beach Resort in Marathon, Florida, told travel site AFAR.com that it’s a good idea to tip your bellhop between $2 and $5 per bag, depending on the size and weight of your luggage.

To Read More:

https://www.yahoo.com/finance/news/9-times-always-1-5-183141249.html

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.

Timing: (Rumors and Opinions)

On Fri. 7 June 2024 the US Government ran out of money and declared 63 banks insolvent according to Janet Yellen. Meanwhile on the Global Currency Reset front, Bonds started becoming liquid.

On Sat. 8 June 2024 the new International Dinar Rate will be official as it is published in the Iraqi Gazette and announced in the Mosques – which will officially begin the Global Currency Reset of 209 countries.

Sun. 9 June 2024 look for a Black Swan Event as the Petrodollar ends = collapse of the Global Financial System. …The 17th Letter (JFK Jr.) and JFK Jr. Official on Telegram https://t.me/jfk_jr_officialchannel On that same Sun. 9 June RV funds for Bond Holders and Tier4b (us, the Internet Group) will be moving into place.

On Mon. 10 June Bond Holders and Tier4b can have access to their funds, with Tier4b appointments beginning as early as Monday afternoon.

On Sat. 15 June Banks not Basel 3 Compliant will be officially closed.

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Global Currency Reset: (Rumors and Opinions)

Thurs. 6 June 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#:

Iraq should publish their new Dinar Rate in their Gazette on Sat. 8 June 2024.

On Sat June 8 the RV should start.

Bond Holder and Tier4b funds should be moving on Sun. 9 June.

Notifications for Tier4b could come out Sun. night or Mon. morning.

Bond Holders and Tier4b can have access to funds on Mon. 10 June morning by 10:30 am.

Tier4b appointments could begin Mon. afternoon 10 June.

Rates are still climbing. There is a limit on Dinar Contract Rates and you can ask for that Contract Rate.

You can possibly negotiate the Vietnamese Dong rate.

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Thurs. 6 June 2024 Wolverine: “Confirmed: Brazil started Thurs. 6 June 2024. On Wed. 5 June the shotgun was fired, authorizing the liquidity of the bond payments of the CMKX operation that opened the RV/GCR. San Paulo started to release funds on Wed. 5 June afternoon. Reno said we were to get those notifications by Fri. 7 June.

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Global Financial Crisis:

Thurs. 6 June 2024: ALERT! The $350,000 Gamble: Forecasting a Fortune! Robert Kiyosaki’s Audacious $350,000 Bitcoin Prediction Amid Economic Chaos – American Media Group (amg-news.com)

Thurs. 6 June 2024 Australia: “How can you go to a bank and not be able to get your own money out?” As part of the globalist agenda to roll out CBDCs, Australian banks are refusing to allow customers to make cash withdrawals. Coming to the rest of the West soon, unless you resist.

Read full post here: https://dinarchronicles.com/2024/06/07/restored-republic-via-a-gcr-update-as-of-june-7-2024/

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

Walkingstick [Iraqi bank friend Aki - highest level banking meeting update] Sudani is putting contracts in place to be implement inside of Iraq. Sudani has been doing this with thousands of contracts. "In the coming days" is what they told us that these contracts will be fulfilled in IQDs for most of the budget's projects...Those contracts will be fulfilled for their value but paid in IQD's only.

Deepwoodz They’ve changed the rate without budgets before. No reason they can’t do it at will. To start the float. The key here is the size of the budget and the international standards being applied along with the upgraded banking systems. They have a plan. Watch em work it. They appear to be pushing hard in the right direction.

FDIC: 63 Banks on the Brink of Collapse but the Problem is MUCH LARGER

Taylor Kenny: 6-6-2024

n this week’s news, the FDIC reports over half a trillion dollars in unrealized losses within the US banking system, with 63 banks on the brink of insolvency.

Taylor Kenney dives into the implications of this alarming development to discuss what it means for the future of your deposits and the economy.

https://www.youtube.com/watch?v=c62QbkYb_Y4

TNT:

CandyKissses: Integrity reveals moves to recover two of those involved in the theft of the century

CandyKisses: Deputy: Hidden hands working to prevent the rise of Iraq

Al-Toki said in a press interview that "Iraq has allocated sovereign amounts to guarantee foreign funds for investors and signed a number of agreements with international countries in order to secure funds in order to advance the economy."

"The development of the economy cannot take place without internal security, especially with regard to oil licensing rounds, as we have noticed the reluctance of a number of large international companies to enter into these rounds," he said.

"We have great confidence in the government of Prime Minister Mohamed Shia al-Sudani and Interior Minister Abdul Amir al-Shammari in following up on the issue of attacks on restaurants and brands," al-Touki said, noting that "there is a personal interference from them in this matter."

He explained that "all countries of the world are witnessing this kind of acts, but the situation of Iraq is somewhat different because security issues affect its economy," stressing that "there are hidden hands trying to prevent Iraq from rising."

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CandyKisses: The framework settles the controversy: Al-Issawi as Speaker of Parliament

Baghdad - Iraq Today:

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CcandyKisses: After the assurances of OPEC Plus Oil prices rebound

KTFA

Thursday Night Conference Call

FRANK26….6-6-24…..YOU ARE GOING TO SEE MORE

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=Xg-1btkopUA

Iraqi News Highlights and Points To Ponder Thursday Evening 6-6-24

Kurdish MP: The Region’s Share In The Budget Is Fair And We Are Happy To See It Passed

Policy Al-Sumaria News – Politics The representative of the Kurdistan Democratic Party bloc, Sharif Suleiman, described today, Thursday, the Kurdistan region’s share in the federal budget as “fair,” indicating that prior political agreements decided its passage.

Suleiman said in an interview with: Alsumaria News “The political agreement that occurred between the governments of the center and the region is the basis for agreeing on the region’s share of the budget amounting to 12.67%,” adding, “We are happy that there were no bidding or arguments regarding voting on the budget tables and the region’s share in them.”

He added, "The region's share in the budget tables is fair and not bad in light of the reality it is experiencing."Iraq", indicating, "We hope that the budget will be implemented in the correct manner agreed upon and that it will not be subject to political quarrels and bidding or be used as a pressure card." LINK

An Economist Reveals The Positive Side Of The Budget

Economy Information / Baghdad.. Today, Thursday, economic expert Dargham Muhammad Ali revealed the positives of the current year’s budget, which was approved by the House of Representatives a few days ago.

Follow the “Al-Ma’louma” channel on Telegram.. News that does not require documentation..

Ali told Al-Maalouma: “The criticisms raised about the budget are normal, but most of them are based on bias towards the governorates, or perhaps for electoral goals sometimes.”

He added, "The real face of the budget has many positives, including that it is different from previous budgets, as it represented the highest investment ceiling among previous budgets."

He pointed out, "Allocating financial benefits for the development road project, supporting the private industrial sector, and supporting many infrastructure projects that will contribute in one way or another to activating various economic activities that will benefit in the near future."

He continued: “The government’s adoption, for the first time, of the principle of diversifying the distribution of projects between the local administrations of the governorates and between the ministries, will reflect positively on the implementation of projects by creating an atmosphere of competition between the ministries and governorates, especially since the government granted the implementation of the ministries’ projects directly.”

He continued, "The budget was based on distributing the governorates' funds according to deprivation and not on the basis of the proportion of the population, and this will establish the basis for revitalizing the economy of the governorates that suffer from a lack of services and others." Ended / LINK

Abdel Wahid: The Region’s Budget Allocations Do Not Fit Its Reality, And The Smuggled Funds Are No Longer Mere “Frauds.”

Time: 06/05/2024 Read: 2,548 times {Politics: Al-Furat News} The head of the New Generation Parliamentary Bloc, Sarwa Abdel Wahed, said that the region’s budget allocations do not fit its reality, while she believes that the smuggled funds that have returned are mere “fraud”.

Abdel Wahed said, during her hosting of the program {Free Speech} broadcast by Al-Furat satellite channel this evening, that: “

We voted as a new generation on the 2024 budget tables and we had observations regarding the region’s share on the basis of 3 governorates and not 4 {Sulaymaniyah, Dohuk, Erbil and Halabja}.”

- There is an article in the law that obligates the House of Representatives to vote on the budget without discussing it.

- The Kurdistan region’s budget allocations are not proportionate to the size of the region’s reality, but they are good for covering the salaries of the region’s employees.

- We are in favor of improving the governorates’ budgets, especially in Basra Governorate.

- Not all objections are based on schedules The budget is in good shape, but there are those who want to exploit this situation.

- Some politicians defend the contracts of the region’s governorates for personal gain.

- The issue of appeals against the budget is natural, and the judiciary is the one who determines whether it is valid or not.

- We communicate our objection to all Shiite and Sunni leaders, and we are not responsible for the mistakes of others -

The Chairman of the Parliamentary Finance Committee did not attend the voting session on the budget schedules due to the lack of allocations for some governorates.

- The central and regional governments bear the responsibility of delaying the payment of employees’ salaries as well as the resettlement.

- The current session of the House of Representatives is devoid of commitment to attending the sessions and their effectiveness and activity in legislating laws as a result of many problems and lack The harmony of the parties and the absence of Muhammad Al-Halbousi did not change the reality of Parliament.

The problem of resolving the position of Speaker of Parliament can be solved through settlement, as happened with the President of the Republic, in one session.

- What is returned to the state’s treasury of smuggled funds is merely “bankruptcy” relative to what was stolen, and no Iraqi institution has the right to withhold information from representatives, and the current session is witnessing a significant reduction in the follow-up of corruption files.

Prime Minister Muhammad Shiaa Al-Sudani is an honest person and he should be given a deadline to complete his work.

We transferred two documents containing suspicions of corruption related to Samarra medicines and the Ministry of Education to the Federal Integrity Commission and are awaiting investigations. Wafaa Al-Fatlawi LINK

Economic Warning From The Basra-Aqaba Pipeline.. How Much Is Its Value?

Economy News – Baghdad Today, Thursday, the economic expert, Hamza Al-Jawahiri, warned against the Basra-Aqaba oil pipeline project, and in what he described as a “Trojan horse” for normalization with Israel, he pointed to the value of its total cost.

Al-Jawahiri said, in an interview with Al-Iqtisad News, that “the Iraqi government is under intense pressure from America to implement the Basra-Aqaba oil pipeline project,” noting that “MPs must have a role in stopping the project because it represents the cornerstone of the so-called deal of the century.” In which the project will be a Trojan horse for normalization with Israel, which the people completely reject.”

He added, "The Basra-Aqaba oil pipeline and its annexes are projects that cost Iraq $28 billion and include the cost of building the line and Mustafa Oil to be established in Aqaba, along with a line that goes to Egypt to supply it with oil, in addition to building a port in Aqaba for export. All costs are borne by Iraq."

He pointed out, "Iraq bears all kinds of cruelty, especially since the line passes through Wadi Houran, which is considered a safe haven for ten thousand ISIS fighters," noting that "Iraq transports through it to Jordan 150,000 barrels of oil and 150,000 barrels to the refinery in Aqaba and a quantity of oil."

More than 300 thousand barrels per day to Egypt and Israel, while the line does not transport more than one million barrels to Jordan, meaning that Iraq will only export 400 thousand barrels per day to the world.

Al-Jawahiri stressed, “All the costs of building the line are paid by Iraq, as are the costs of operating the line, and it bears the cost of the oil’s passage through Jordan at the rate of two dollars and seventy cents per barrel.”

The economic expert stated, “When the oil is transported from the port of Aqaba, it will be in waters completely controlled by Israel, and if the latter creates any problem to impose normalization on Iraq, it will be forced to submit to its will, and thus the line will be a Trojan horse for normalization with the latter.” 06/06/2024 - https://economy-news.net/content.php?id=44066

Provoking Thoughts and Points To Ponder On Adversity:

Weeping may endure for a night, but joy cometh in the morning. -Bible

Night brings our troubles to the light rather than banishes them. -Seneca

Too much happens ... Man performs, engenders so much more than he can or should have to bear. That's how he finds that he can bear anything. -William Faulkner

A great man does not lose his self-possession when he is afflicted; the ocean is not made muddy by the falling in of its banks. -Panchatantra

There are three modes of bearing the ills of life: by indifference, by philosophy and by religion. -Charles Caleb Colton

http://famousquotesandauthors.com/topics/adversity_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html

6 Great Money Lessons From the 1950s You Should Use Today

Angela Mae Thu, Jun 6, 2024,

America in the 1950s was a vastly different place than it is today. Unemployment rates were low, individual purchasing power was high, and mass production and new technologies were making everyday goods and services readily available and cheaper.

Many young adults in the 1950s grew up during the Great Depression — 1929 to 1941. As they went on to launch their own careers, start their own families and pursue the American dream, they did so with the financial lessons they learned along the way.

And those lessons? They were passed down to their children and their children’s children.

While the 1950s might seem ever so distant, many of the lessons that came about back then are still significant today. Living within your means, owning what you have, saving up for the future — these are just some of the great money lessons from back then that you should use today.

Wealthy people know the best money secrets. Learn how to copy them.

Live Within Your Means

Learning to live within your means is just as important now as it was 20, 50 or even 100 years ago.

“In the 1950s, most families stuck to pretty much the same budget from year to year, with people spending only what they earned and never going into debt when they [could avoid it],” said Erika Kullberg, a personal finance expert, attorney and founder of Erika.com.

It helped that the first consumer credit card didn’t come about until 1958, when Bank of America launched BankAmericard. Credit simply wasn’t as readily accessible as it is today.

“In a world where credit is easy, it’s more important now than ever to shop around, practice self-discipline and save rather than borrow,” said Kullberg.

If you must use credit or loans for something, like a house or school, do so with extreme caution so that you don’t end up taking on debt you can’t afford.

Live Like Your Money’s Going To Disappear

Living like your money will disappear doesn’t mean spending everything immediately. Quite the opposite, in fact.

“In the ’50s, many adults remembered struggling through the Great Depression,” said Todd Stearn, founder and CEO of The Money Manual. “With low inflation and unemployment and high wages, the middle class had more spending money than ever in the ’50s, but many were so impacted by the things they and their parents had been through financially that they often saved carefully despite the good fortune many had found. That caution with money is just as valuable today.”

Save as Much as You Can, But Use Your Savings as Intended

To Read More:

https://finance.yahoo.com/news/6-great-money-lessons-1950s-150010941.html

KTFA:

Clare: Nearly 80 trillion dinars disappear from the 2022 and 2023 budget.. Deputy: “No one knows where it went.”

6/4/2024 – Baghdad

Member of the Parliamentary Integrity Committee, Hadi Al-Salami, revealed today, Tuesday, that about 57 trillion Iraqi dinars remain from the 2023 budget, and no one knows where it went.

Al-Salami said, “The 2023 budget amounted to 206 trillion, the actual expenditure was 148 trillion, and the remaining 57 trillion. No one knows where that retained money went.”

He added, "There are 22 trillion in rounds in the 2022 budget as well, and no one knows where it went," noting that "there are problems and irregularities regarding the issue of actual revenues and actual expenses in the budget tables."

He explained, “The House of Representatives made many observations on the budget schedules that were passed without warning.” LINK

GEGDinar: This is simply devastating. The entire world is looking at Iraq, and if they haven't been able to show that they can get ahold of their endemic corruption, then what. If I'm looking at investing in Iraq, or a company holding an infrastructure contract with the Iraqi government, I'm going to seriously second-guess my decision and look to exit stage left. If what Frank says is true and they decide to come out with an operational budget at 1,310 rate with no Investment Budget, their credibility will take a massive hit. imo

BM532: I am fine with all of these "negative" articles on economists and "members" stating the disappearance if large sums of money and a less that satisfying budget. Kuwait did the same thing saying xyz and then come out with the new rate! IMO. I always said I would look for silence or little to know news, then what would be considered negative news, then BAM - the world celebrates. IMOx100

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DeepWoodz: Ain’t no way. Parliament doesn’t control the money in the budgets. I don’t even believe this is true.

TSM: Exactly my thoughts as well....WHO was allocating the funds to projects, etc...Seems like the floor is still pretty dirty and maybe instead of Sudani taking all of the victory laps he should have been paying more attention to the day to day operations of the gov't...IMO

DeepWoodz: Fake news. Agreed.Back to the real stuff.Census almost done. Great timing.

PJSMan: I also agree ....it is fake news......if Sudani let 57 trillion Dinars slip out the door on his watch.....while the dinar is at a program rate......then he does not have good systems in place .......sounds like controlled mis information…….OR If it is true, but Sudani already located the 57 Trillion .....and this is to expose Parliament there is no way he sets up a conference call/meeting to tell people that "57 Trillion is missing and I hope we can find it in the coming days"

GEGDinar: So the way I look at this is what does this 57 Trillion that has disappeared tell people like the WTO, IMF, BIS, Word Bank, U.S Fed, global contractors, etc. about the condition of Iraq right now? Can they really be trusted? Or are they seeing a corrupt society that is unwilling to change? If Sudani and his government cannot resolve this case of the missing 57 trillion in "The Coming Days" then important entitles that I've mentioned will probably want to slam on the emergency brakes and bring everything to a halt. I guess the next few weeks will show us how serious Sudani and his anti-corruption will be at going after whomever has perpetrated this crime. I pray this gets resolved quickly. If not, it's back to square one.

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Harlequinc3: Old timers, help me out here, I don't think I'm crazy. I distinctly recall way back when we thought the budget mattered under Maliki, a very similar situation came up -- X amount of dinar has gone missing from the leftover budget! The surplus is all gone! What can we do???

And I have a very strong memory of Saleh at the behest of Shabibi calmly replying there was a 'slush fund' of sorts that the excess funds from previous budgets went in to -- a set of separate accounts from what Parliament had -- they weren't lost, they were removed out of Parliament's hands, for all intents and purposes, to protect them. That 'discretionary fund' is what they used to run the government the next year because they could never get a real budget activated -- the operational budget Frank was talking about.

This was back when they were meeting day after day, walking out to protest Maliki, and never had quorum. I wanna say 2010-ish? Anyway, I am almost positive I remember the same scenario way back when, and a couple days later here's Saleh explaining, wow, don't worry, we're not THAT inept.

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Clare: Representative Hadi Al-Salami raises a parliamentary question about the fate of 57 trillion dinars in the 2023 budget

6/4/2024

Member of the Parliamentary Integrity Committee, Hadi Al-Salami, revealed today, Tuesday, that about 57 trillion Iraqi dinars remain from the 2023 budget, and no one knows where it went.
Al-Salami said in an interview with Al-Maalouma, “The 2023 budget amounted to 206 trillion, the actual expenditure was 148 trillion, and the remaining 57 trillion. No one knows where that retained money went.”

He added, "There are 22 trillion in the 2022 budget as well, and no one knows where it went," noting that "there are problems and irregularities regarding the issue of actual revenues and actual expenses in the budget tables."

He explained, "The House of Representatives made many observations on the budget schedules that were passed without warning." LINK

Clare: An Iraqi economist criticizes the 2024 budget: operational par excellence

6/6/2024

Thursday, economic expert Nabil Al-Marsoumi criticized the federal budget for the year 2024, which is the largest in the history of Iraq, describing it as operational par excellence, considering that it is not part of the development plan.

Al-Marsoumi told Shafaq News Agency, “The budget has abundant funds, amounting to 211 trillion Iraqi dinars, and this is a very large amount, but as is the case in previous Iraqi budgets, it was allocated to social care, salaries, and other expenses, and therefore it is an operational budget that does not change the quality and structure of the Iraqi economy.” .

He added, "The budget is dependent on oil and the extent of the backwardness is large in the sectors of industrial and agricultural production and operational services. The budget was not part of the development plan, as there is supposed to be a development plan in the country every four or five years."

Al-Marsoumi continued, "There is no strategic tool that distributes oil revenues to the people and to the governorates, as the financial allocations to the governorates range between 7-20% of the budget."

He pointed out that "operational spending took up 74% of the approved budget, with about 95% on oil export imports, while investment spending amounted to 55 trillion dinars, including 1,321 projects, 470 of which were lagging in implementation due to the lack of financial allocations. The government is also completing implementation." Major projects related to infrastructure and other commercial and industrial projects that have important future economic roles, such as Al-Faw Port and the development road.” LINK

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Clare: Plasschaert's replacement raises controversy.. Who is he?