Dinar Recaps Blog Page — Dinar Recaps (2025)

Forget $50 Silver, "$150 Is Appropriate": Mike Maloney's Bold Prediction

10-11-2024

Join Mike Maloney and Alan Hibbard as they dive deep into the ‘last great precious metals bull market’. Discover why Maloney believes silver is poised to break past $50 and soar to $150, driven by global economic factors and Russia’s strategic move to accumulate silver reserves.

They discuss the current silver chart patterns, why Mike believe’s this is the final bull market for gold & silver, the growing central bank interest in precious metals, and how the weaponization of the U.S. dollar is accelerating the decline of fiat currencies.

Don’t miss this urgent analysis as it's a must-watch for anyone looking to understand the future of silver and gold in a rapidly changing world.

https://www.youtube.com/watch?v=Bi2c2rEeLI0

Argentina's Decision Surprised the World: Will Argentina rejoin BRICS?

Fastepo: 10-11-2024

Argentine President Javier Milei's recent shift in his stance toward China highlights a practical adaptation in his political approach, potentially signaling implications for both his administration and the United States.

Surprisingly, this statement comes from Javier Milei, Argentina’s well-known anarcho-capitalist, and not from a typical supporter of communism.

Nearly a year into his presidency, Milei expressed unexpected appreciation for China in a recent TV interview with a local celebrity, noting his favorable impression of the country.

https://www.youtube.com/watch?v=BRtxGi78zOA

20% Of U.S. On Welfare; Household Bankruptcies Surging | Danielle DiMartino Booth

David Lin: 10-10-2024

Danielle DiMartino Booth, CEO of QI Research, discusses the state of the economy, outlook for monetary policy, and major risks to the markets today.

0:00 - Intro

0:50 - Geopolitical risks

2:45 - Reaction to Fed’s 50 bps cut

5:20 - Labor market cooling

10:31 - Foreign workers

11:33 - Bankruptcy cycle

12:50 - Fed monetary policy outlook

14:40 - Welfare

17:30 - Widening deficit

20:35 - Banks’ unrealized losses

22:30 - Declining liquidity

26:00 - Soft vs. Hard landings

28:30 - Stocks vs. Yields

31:00 - Homes and natural disasters

32:10 - Major risks and asset allocation

https://www.youtube.com/watch?v=LUva_Lhg3xM

Coffee with MarkZ and Mr. Cottrell. 10/11/2024

MarkZ Update- Some highlights by PDK-Not verbatim

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

Member: Hello, to all the magnificent souls all over the world

Member: The weeks are sure flying by quickly…..but maybe this 3 day weekend is the one we have been waiting for.

Member: Mark….what is the good word for today?

MZ: My top bond people are saying bonds are ready to go. They clearly said that they expect the release at any moment and they are all prepared and ready. They are just waiting for the green light.

MZ: I had another contact who said if the final paperwork for a certain series of Historic bonds is not submitted by next week- they go to the end of the line……That doesn’t mean others could not go at any time though.

Member: Sounds like a shotgun start!!

MZ: A shotgun start makes the most sense to me.

Member: Are your redemption center folks working this weekend?

MZ: I don’t know yet….waiting to find out. I do know somebody in Reno that is working on the bond side this weekend…..but the banking side has not yet checked in.

Member: I had heard that we might see something on the dinar within 36 hours

Member: Bruce is saying Monday/Tuesday.

Member: My bank in the UAE sent a notification that online services will be down on the 12th and 13th for system updates. I also received an email inviting me to open a multiple currency account…. Interesting

Member: I wonder……Does the BRICS Summit Oct. 22 have any influence on the RV timing?

Member: (From Dinar Guru) Mnt Goat I have to start off with...some really good news, actually some WOW! WOW! WOW! news...we can see the path now and very clearly. So, finally we get word that Iraq has met all it requirements to join the World Trade Organization (WTO)...This DOES NOT make the RV imminent...all these recent activities and events matter and the RV is a “by product” of all these events not a singular event in itself... The view is now in sight and the writing is on the wall. So much on the wall that I do not believe anything is going to stop it short of a major disaster.

MZ: I will not argue that ….The writing is all over the wall.

MZ: “The United Nations launches from Baghdad : as Iraqi and Arab anti-corruption programs” This is for the entire region….

MZ: Meanwhile at TD bank: “TD Bank to pay $3 Billion penalty after admitting to money laundering” bet they made more than $3 Billion through laundering it.

MZ: “The Minister of Finance says we need to adhere to timetables to achieve Economic Reforms” He is pointing out they have done an exceptional job but want to speed things up. Part of those economic reforms is an increase in the purchasing power.

Member: MORE economic reforms... almost like they are PREPARING for something

MZ: And they are modernizing their stock market. It has been a booming success.

​​Member: How close do you really think we are weeks, months and years.. in your honest opinion

Member: I am still watching for a system crash and new asset backed money

Member: I am still waiting on the election to be over.

Member: Maybe the RV will start and finish for a great Christmas for all

Member: if everything goes at once….like a new financial system, new asset backed money, and a reset of currencies….that makes sense to me.

Member: Some people say no RV until March…..ugh

Member: They are talking about Nesara I believe….not the RV.

Member: My perception on the March reference is that we will be seeing the results of the RV by then and what it has done for everyone because all of the humanitarian projects that will be visibly working

Member: This movie is the suckage level of 10 Hoover’s!!!

MZ: I think it might be more than that….lol

Member: The movie is called Idiocracy. It’s not supposed to be a documentary. Lol

Member: The white hats need to do something significant to make us believe again!!!!!

Member: God bless everyone in here and don’t stop praying

Member: It's a Good Day to get Wealthy!!! Come on RV!!!

Member: Have a wonderful Columbus Day Weekend……..and let’s go RV!!!!!!!

Member: let's all stop hoping and start believing that the RV will happen.

HAVE A GOOD DAY ALL! JOIN ZESTER AT 5:00 PM EST! LATER ALL!

Mr. Cottrell joins the stream today. Please listen to the replay for his opinions and infrmation

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

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

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

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

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

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

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

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

Youtube: https://www.youtube.com/watch?v=sq06nAWleVk

Good Morning Dinar Recaps,

As Ripple prepares to launch its RLUSD stablecoin, some XRP community members are worried about its impact on XRP’s importance.RLUSD, currently in beta testing and set to launch soon, will be available on the XRP Ledger (XRPL) and Ethereum and may support Ripple’s On-Demand Liquidity (ODL) in some capacities.

Source:Coinpedia

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However, the sharp increase in recovery amounts occurred in 2023, when the total amount of settlements for claims by U.S. government agencies amounted to$10.87 billion across eight cases.

@ Newshounds News™

Source:

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“It is about micromanaging a lot of what corporations are doing on things that have absolutely no financial purpose,” he said, adding that financial regulators should not be vehicles for social change.

@ Newshounds News™

Source:

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🌍THE CONSTITUTION FRIDAY NIGHT CALL WITH SEEDS OF WISDOM TEAM|Youtube

Join us for a LIVE CALL tonight in theConstitution roomat 8 pm ET, 7 pm CT

Find previous calls on our Youtube Channel here:The Constitutionon Youtube

@ Newshounds News™

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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.

Judy Note: To add to our concerns a Global Financial Collapse was unfolding that was caused by the Cabal. Although, a Quantum Financial System was already fully operational that would soon trigger the biggest wealth transfer in the history of the World.

All in preparation for a gigantic Worldwide Black Swan Event and NESARA/GESARA Revolution to transfer wealth from the Cabal back to The People.

An Emergency Broadcast System Worldwide Alert was Imminent.

Possible Timing:

On Wed. 9 Oct. 2024 BRICS 12 Countries Ditched US Dollar, Pay 85% Trade in Local Currencies: https://watcher.guru/news/brics-12-countries-ditch-us-dollar-pay-85-trade-in-local-currencies

Mon. 14 Oct. 2024 marks a key date. The old banking system—Bank of America, Deutsche Bank and JP Morgan— were about to collapse. The QFS will take over as stock markets crash. The elites can’t stop it.

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Global Currency Reset: (Opinions/Rumors)

Thurs. 10 Oct. 2024 Wolverine: “The process has defiantly started. There are around 40 million emails that will be sent out by Wells Fargo so you can set your appointments. It is expected to happen within the next few days and defiantly within this month.”

Wed. 9 Oct. 2024 TNT: “The Dinar International Rate on bank screens is $3.91. It won’t drop below $3.57. The banks have a hold on it. They have designated a time for it to happen. The window opens at 2pm EST today and could be in the next 72 hours or through the rest of the week.”

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Thurs. 10 Oct. 2024 Bruce:

A source who is the liaison for all Redemption Centers east of the Mississippi informed Bruce that by noon on Mon. 14 Oct. 2024 all Redemption Centers liaisons like him will receive a Wells Fargo email that contains exchange instructions. They will have until 5 pm that Mon. 14 Oct. to get that email out to all Redemption Center Heads under them.

On Tues. 15 Oct. Tier 4b (us, the Internet Group) will receive emails from Wells Fargo telling us how to make redemption appointments.

On Wed. 16 Oct. Tier4b can start their appointments.

Exchange appointments will be held for 40 to 50 days and go well beyond the end of October.

On Fri. 11 Oct. Bond Holders are to be notified through email from Wells Fargo as to when they can gain access to their accounts – which will likely be on Tues. 15 Oct.

We could have NESARA/GESARA announcements on Mon 14 Oct, Tues 15 Oct, or Wed 16 Oct.

Wed. 16 Oct. is a celebration day for Iraq and the day they will pay their contractors.

Redemption Centers, not banks, will give you the highest rates.

Wed. 9 Oct. 2024: MILITARY INTEL! Global Strategic Impact: Starlink’s Military Applications, RVs & GESARA, and the Quantum Financial System – amg-news.com – American Media Group

Thurs. 10 Oct. 2024: BREAKING! Global Collapse Unfolding NOW – QFS Fully Operational and White Hats Ready to Liberate Us From the Elite’s CBDC Scam and Trigger the Biggest Wealth Transfer Ever! – Gazetteller

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Global Financial Crisis:

Thurs. 10 Oct. 2024: Bitcoin falls under $59,000. Dow Jones and S&P fall dramatically down into the red as inflation report is released.

Thurs. 10 Oct. 2024: Russia calls on it’s BRICS partners to create an alternative to the International Monetary Fund.

Read full post here: https://dinarchronicles.com/2024/10/11/restored-republic-via-a-gcr-update-as-of-october-11-2024/

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

Mnt Goat I have to start off with...some really good news, actually some WOW! WOW! WOW! news...we can see the path now and very clearly. So, finally we get word that Iraq has met all it requirements to join the World Trade Organization (WTO)...This DOES NOT make the RV imminent...all these recent activities and events matter and the RV is a “by product” of all these events not a singular event in itself... The view is now in sight and the writing is on the wall. So much on the wall that I do not believe anything is going to stop it short of a major disaster.

Militia Man The council of Ministers, who we've been talking about a lot have been in the news with Al Sudani. He had two COM meetings in one day, which is unheard of...You can see where this is headed ... What they're painting a picture of is Iraq is imminently going into the international world.

BRICS Preparing for Impending Currency Collapse | Alasdair Macleod

Liberty and Finance: 10-10-2024

Alasdair Macleod discusses the impending global financial upheaval and its potential impact on currencies worldwide, including the Euro, Yen, and Sterling.

He emphasizes the urgency for individuals to convert credit into gold, which he regards as "real money" despite governmental skepticism.

Macleod highlights the significance of the upcoming BRICS summit, noting that countries outside the traditional financial system are exploring alternatives to the U.S. dollar, potentially backed by gold.

He warns of a looming crisis where fiat currencies could collapse, drastically reducing purchasing power for everyday people in the West.

Overall, he urges listeners to be proactive in safeguarding their financial future amidst these turbulent changes.

INTERVIEW TIMELINE:

0:00 Intro 1:25 BRICS Meeting

21:30 Currency collapse

33:42 Silver's fundamentals

https://www.youtube.com/watch?v=i_LJkQ8E_Ds

TNT:

Tishwash: We will not wait for companies, we will act

Baghdad reaches an understanding with the Doha Stock Exchange: Iraqi shares will be able to be traded in Qatar as well

The Iraqi Securities Commission revealed a project with the Qatar Stock Exchange that will allow for the joint establishment of companies, leading to “dual listing” that will allow the listing of Iraqi shares in both the Iraqi and Qatari markets.

The commission member, Wadah Al-Taha, said that it will not wait for major and promising companies to list their shares on the Iraqi Stock Exchange, but will form a committee to encourage those companies. He pointed out that expanding the Iraqi Stock Exchange requires the listing of government sector companies on the stock exchange.

Waddah Al-Taha - Member of the Board of the Securities Commission, in an interview with the media figure, Dhikrayat Muhammad:

Expanding the work of the Iraq Stock Exchange requires restructuring mixed companies, through the government sector relinquishing its shares and listing and offering them for investment, while we work on listing public government companies.

Usually, stock markets around the world represent a mirror of a country’s economy, but in Iraq, the stock market does not reflect the economy, for several reasons, including the weakness of the investment culture, the decline in government support and understanding, in addition to the fact that the importance of listing and initial public offerings is unclear to private sector companies.

We seek to “deepen” the Iraqi Stock Exchange, meaning diversify its sectors participating in the subscription, with the aim of reducing the ceiling of investment risks and creating relative attractiveness for investors. We are currently working on merging our governance draft with the draft of the International Finance Corporation to give a global character to our investment environment and send reassuring messages to foreign investors.

Instead of waiting for promising emerging companies to come to the Iraqi market for listing, we are currently working on forming a specialized committee to move towards such companies and reach an understanding with them in order to list their shares in the market. The criteria for selecting the targeted companies revolve around performance, financial efficiency, company history, sector quality, and management nature.

We have a memorandum of understanding with the Qatari side, and we hope to approve it during the coming period. It has very good content, as it allows us to establish companies jointly, and we aspire to reach the stage of “dual listing” where the Iraqi stock can trade in the Iraqi and Qatari markets, in addition to applying the regulatory standards in effect there.

We apply a high level of “global standard” procedures in terms of combating money laundering. The market is very safe in this regard. Our standards are sometimes harsh and restrictive for investors, but they ensure that there are no illegal financial activities. link

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Tishwash: Trade Bank of Iraq announces the number of transfers completed since the launch of the Central Bank platform

The Trade Bank of Iraq announced today, Thursday, that it has transferred more than 4,000 remittances since the launch of the Central Bank platform.

The bank's media advisor, Aqil Al-Shuwaili, said in a statement to the Iraqi News Agency (INA): "More than four thousand various transfers have been transferred to companies and individuals since the launch of the Central Bank of Iraq platform until today, October 10, 2024."

He added, "250 transfers were transferred from the Iraqi bank to the relevant authorities, including commercial, industrial, and even educational transfers link

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Tishwash: Minister of Finance stresses the need to adhere to timetables to achieve economic reforms

Finance Minister Taif Sami Mohammed stressed, on Thursday, the need to adhere to timetables to achieve economic reforms.

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Tishwash: Very frank” talk from Al-Sudani’s advisor: They will bomb us and we will be strategically patient like Iran

"A new map is coming, whether we like it or not."

Ibrahim al-Sumaidaie, advisor to Prime Minister Mohammed Shia al-Sudani, said that the new regional map in the region “is happening, whether we like it or not,” and therefore it is necessary to invest in Iraq’s role, as it ranks second in the United States’ interests after Israel, warning that “the one who falls will fall, and do not let us fall.”

The advisor pointed out that Tel Aviv launching a strike inside Iraq instead of Iran is possible and is the most likely scenario, especially if it fails to reach an understanding with Tehran. He said that Iraq is an unarmed country and cannot do anything other than political diplomatic options due to the clear Western superiority, “even the Russian S-400 anti-aircraft missiles were unable to repel the Kremlin’s missiles.”

He criticized the actions of “some brothers who are gnawing at al-Sudani’s flanks, even though he defends them before the United States and tries to prevent a strike against Iraq.” He called for Iraq to adopt the Turkish method in dealing with the risks of war, as well as the Iranian method “which invented the policy of strategic patience.”

He concluded by saying, “The West sees us as a successful country (..) All the Americans want is for us to be an economic zone not subject to Russian military influence, or Chinese economic influence, without the existence of (sub-state) as this world is ruled by states and not armed groups, and the majority of the political forces supported by the reference are with this trend.” link

America Is Now On “The Second Half Of The Chess Board”

Notes From the Field By James Hickman / Simon Black October 10, 2024

Over fifteen centuries ago, according to an ancient Sanskrit legend, a mythical Hindu priest named Sissa was ordered to invent a new board game to entertain the king of Taligana.

Sissa labored over the task for quite some time, but he eventually brought the King a military strategy game with a 64-square board and beautifully hand-carved pieces. Today we call this game chess. And according to the legend, the King was absolutely enamored with it.

So enamored, in fact, the King offered Sissa any reward he desired. So, the priest asked for a single grain of wheat to be placed on the first square of the chess board. Then two grains on the second square. Four grains on the third. Eight grains on the fourth. And so on.

The King of Taligana thought the request to be humble and cheap. After all, a little bit of wheat was nothing compared to the endless entertainment of this new game. So, he ordered his men to bring in the grain.

But as they continued counting, the numbers began to grow quickly.

One-quarter of the way through the board (sixteen squares), Sissa was owed around 131,000 grains-- roughly four kilograms of wheat. No big deal.

But with every square the amount kept doubling. Halfway through the board Sissa is owed over 8 billion grains-- about a quarter of a million TONS of wheat. And it keeps doubling from there.

By the final square, the amount of grain owed is far more than all the wheat that the world can possibly produce.

This is known in mathematics as exponential growth, i.e. when something grows at a faster and faster rate. Sort of like my kids. Or more ominously, the US national debt.

According to data just released by the federal government, interest on the national debt for Fiscal Year 2024 (which just ended last Monday, September 30) was roughly $1 TRILLION.

That’s just the interest bill.

And while that number itself is simply astonishing, it’s even more important to put it in context. $1 trillion is significantly more than the government spends on virtually EVERY other line item, including the military and Medicare.

In fact, Social Security is the ONLY federal program whose budget exceeds interest on the debt. For now. But within the next 5 years, interest on the debt will surpass even Social Security.

Just going back to FY 2020— which started pre-pandemic on October 1, 2019— the interest bill that year was “only” $345 billion. And in FY21, it only rose to $352 billion. That was just a $7 billion, or 2%, increase. No big deal.

But in FY 2022, it took a more significant jump to $475 billion. Then $660 billion. And now a TRILLION dollars.

So not only is the interest bill increasing, but the rate at which it is increasing… is increasing.

Just like grains of wheat on a chessboard, this is an exponential problem. At first it looks manageable. Even paltry. But around halfway through the chessboard, the problem starts to spiral out of control very quickly.

Technologist and author Ray Kurzweil actually refers to this phenomenon as “the second half of the chess board”, i.e. the part of the exponential growth model where the problem becomes too big to solve.

How did the most powerful nation in the history of the world reach this point?

For starters, a complete lack of discipline when it comes to federal spending. For decades now, the government has spent money as if there were no limit and would never be any consequences to increasing the debt.

This was most noticeable during the pandemic when they (and the media) engineered widespread fear and hysteria, shut down the economy, and then spent trillions of dollars to keep everyone afloat.

The national debt skyrocketed as a result. But at the time, interest rates were practically zero. So, the government’s borrowing costs were pretty negligible. That’s why the annual interest bill barely moved between FY2020 and FY2021.

But as you probably recall, rates soared in 2022. And so did the government’s interest bill.

Each year, in fact, much of the existing national debt matures; money that the Treasury Department borrowed five or ten years ago becomes due and must be paid back.

Naturally, the Treasury Department doesn’t have any money to pay back its lenders. So instead, they issue new debt to repay the old debt.

The problem, of course, is interest rates. The money they borrowed years ago was at 0% or 1%. Today it’s 4%.

Just this past Fiscal Year (2024) the Treasury Department refinanced roughly $5 trillion in debt at significantly higher interest rates… in ADDITION to the $2 trillion in NEW debt that they borrowed.

This means that NEXT YEAR’s interest bill will likely be even HIGHER.

You can see how this problem can quickly become a crisis. Again, five years ago the annual interest expense was $345 billion. Five years from now it could easily be $2 trillion.

Sure, the government’s overall tax revenue is also increasing. A bit. But the interest bill is growing much faster-- at an exponential rate. You can’t have linear growth in your revenue and exponential growth in a major expense and expect to survive.

It appears that the US government has crossed the proverbial Rubicon into the second half of the chessboard. And their options are extremely limited.

On one hand, the government could slash spending, reform entitlement programs (like Social Security, welfare, etc.), and engage in a massive deregulation effort to boost economic productivity. But I’m not holding my breath.

Their other approach will be to increase taxes and print tons of money to keep interest rates artificially low.

This is already starting to happen.

The government released its new inflation data just this morning showing that core inflation is STILL on the rise. Inflation is not beat by a long shot. And yet the Federal Reserve is going full steam ahead in its rate cutting cycle.

Fed officials aren’t stupid. They know that 0% interest rates are the only hope for the US government’s financial survival.

And the chief consequence, of course, will most likely be some pretty nasty inflation.

This is why we keep saying that real assets make so much sense, i.e. crucial materials like metals, energy assets, and productive technology that are (1) useful and critical in the economy, and (2) cannot be created out of thin air by central banks or governments.

Historically, real assets perform extremely well and hold their value during inflationary times.

And the added benefit is that, right now, many of the businesses which produce real assets are at historically cheap levels. We’ll show you a great example tomorrow.

To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/america-is-now-on-the-second-half-of-the-chess-board-151643/

Good Evening Dinar Recaps,

Source:The Block

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5 Essential Books and Resources for Financial Planning Enthusiasts

Laura Bogart Wed, October 9, 2024 GOBankingRates

You might think that you need an expensive education, or at least hours of formal training, to become knowledgeable about financial planning. And who has time for all of that, especially if you’re locked in to your current job, your family life and your other responsibilities?

However, you don’t have to spend hundreds of dollars on financial planning certifications, or even head back to school to learn more. After all, you’re reading this GOBankingRates article, hoping to learn more about personal finance issues that are relevant to you and your loved ones and explore the worlds of smart saving and growing your wealth.

There are myriad resources out there that can help you boost your own financial literacy at very little personal cost, from books you can check out from your local library to podcasts that will inspire you on your next long walk.

GOBankingRates talked to some financial planners and professionals to get their recommendations for the books and resources that are essential to your financial growth.

Earning passive income doesn't need to be difficult. You can start this week.

‘The Total Money Makeover’ by Dave Ramsey

Tyler Meyer, CFP, founder of Retire to Abundance, recommended this popular title by Dave Ramsey as a terrific entry point for people who need a plainspoken and practical approach to money management. This book focuses on paying off debt, building an emergency fund and living on a budget.

“His ‘Baby Steps’ strategy breaks personal finance down into easy-to-follow stages, making it less overwhelming for people who are just starting out,” he said. “While his advice is more rigid than some other approaches, especially when it comes to debt, the fundamentals of disciplined budgeting and saving are timeless.”

‘Simple Wealth, Inevitable Wealth’ by Nick Murray

Meyer also suggested that people hoping to rethink their relationship with wealth and money check out this title by Nick Murray. According to Meyer, the book is powerful because it emphasizes the mindset behind wealth building rather than just the financial strategies alone. The author focuses on a message that long-term investing and staying the course are important, as is understanding that accumulating wealth is all about patience and perseverance.

“His insights into human behavior and how it impacts investing make this a must-read for anyone serious about growing their wealth. It’s particularly relevant for those nearing or in retirement, as it helps readers see the bigger picture of how time in the market creates success,” Meyer said.

TO READ MORE: https://finance.yahoo.com/news/5-essential-books-resources-financial-180234829.html

Who Will Stop The "Collapse Of The Dinar"? Dollar Prices Continue To Soar In Iraqi Markets

Economy |Baghdad Today - Baghdad The dollar exchange rates continued to rise in local markets today, Thursday (October 10, 2024). Baghdad Today correspondent said that the exchange rates in the main stock exchange in the capital, Baghdad, recorded a selling price of 154,500 dinars for every 100 dollars, while the buying price was 153,250 for every 100 dollars.

He added that the selling price of the dollar in Erbil reached 153,800 dinars, while the purchase price reached 153,600 dinars for every 100 dollars.

He pointed out that the selling price of the dollar in Basra reached 153,500 dinars, while the purchase price reached 153,250 dinars for every 100 dollars.

The exchange rate of the dollar against the Iraqi dinar witnessed a noticeable increase during the past few days, as the selling price exceeded 153 thousand for every 100 dollars. LINK

TBI Moves On Dollar Prices

Economy 2024-10-09 | 10,062 views Sumerian News – Economy The Trade Bank of Iraq (TBI) announced today, Wednesday, that it has taken a series of measures to support the stability of the exchange rate and prevent exploitation by speculators.

The Director of the Tahrir Branch of the Iraqi Bank, Yarab Al-Hashemi, said in a statement received bySumerianNews, "The bank's management has taken a series of measures to stabilize the exchange rate and prevent market manipulation, including increasing working hours at the bank's branches, which has had an impact on the speed of completing merchants' transactions, the smoothness of financial transfers, and eliminating the momentum that has been created in this regard."

He added, "There is a series of measures being taken successively that will have a clear impact on controlling the exchange rate, preventing speculators, and limiting the granting of dollars to the beneficiaries exclusively."

Prime Minister Mohammed Shia al-Sudani directed to intensify inspection procedures in financial transfer operations and not to be lenient or lenient in pursuing speculators who exploit the crises the region is going through to achieve personal profits and benefits at the expense of the public interest of the country. LINK

How Prepared Is Iraq For An Expected "Cyber Strike"?

Baghdad Today – Baghdad Cybersecurity expert Ali Al-Zubaidi commented on Wednesday (October 9, 2024) on Iraq’s readiness for any expected “cyber” strike during the next phase.

Al-Zubaidi told Baghdad Today, "Iraq has done its best to provide an electronic firewall against cyber attacks, but what it has is not enough due to the weakness of both the electronic and human infrastructure."

He added, "These structures are still weak and incomplete and can be easily penetrated. If Iraq is exposed to a cyber attack, its security and military institutions, sovereign ministries, banking information, civil and passport departments, airports, and all institutions that have been subjected to the automation system will be penetrated."

He warned that "this in itself will create confusion and chaos in the work of these institutions, and the limits of the resulting damage cannot be imagined, as it is determined by the limits of what the attacker can do or achieve, and what he aims to achieve through his attack, but in all cases the damage will be great."

Cybersecurity is the fifth domain of contemporary warfare, and the loophole through which one can access the positions of all countries and societies, if they are not constantly maintained, in accordance with digital developments.

However, in Iraq, the International Telecommunication Union’s Global Cybersecurity Index still ranks it 107th globally and 13th in the Arab world, despite the availability of many of the country’s main infrastructures, including technologies and skills, among the country’s competent authorities, according to experts.

Successful cybersecurity takes a specific approach that typically consists of multiple layers of protection deployed across the computers, networks, software, or data that one intends to keep safe. In any organization, users, processes, and technology must complement each other and work together to create an effective defense against cyber attacks.

On September 13, the National Security Service announced the launch of the first cybersecurity platform in Iraq.

The agency said in a statement received by "Baghdad Today", "Security and military operations alone are not sufficient to confront the phenomena that threaten community security, and there must be awareness and education campaigns targeting society in order to fortify itself against these phenomena." LINK

Experts: Diversifying Revenues Is A Guarantee Of Economic Stability

Economic 2024/10/10 Financial and economic experts expect that the recent developments in the Middle East will create a state of instability in the region and in global markets, including the labor market, which is greatly affected by the general conditions prevailing in a region where oil production is concentrated.

Economic expert and former minister Dr. Raed Fahmy, in an interview with “Sabah”, believes that “countries that depend on oil, such as Iraq, despite the country’s attempts to attract foreign capital, will witness a state of fluctuation,” noting that “this is reflected in the average citizen and his purchasing power, because the turmoil in the region will have a negative impact on the course of things in general, and prices in particular.”

Fahmy pointed out that “Iraq is an importing country, and the volume of its imports constitutes about 90-98% of its needs from abroad, including food needs,” indicating that “import and export operations, and the dollar exchange rates will be affected in the coming days and will be reflected in the commercial movement and exchanges, including the price of oil.”

He added that “the turbulent situation and lack of clarity of vision will affect all investors and projects that may be initiated in the region,” expecting that long-term investment decisions in many countries “will witness a state of waiting that will be reflected in economic activity in general.”

In this context, economic researcher and consulting engineer Imad Al-Muhammadawi told Al-Sabah: “The region is currently witnessing highly tense conditions, which may lead to a rise in oil prices and a change in the dollar exchange rate.”

Al-Muhammadawi considered the country’s reliance on the rentier economy “an obstacle to diversifying the state’s general revenues, as oil revenues constitute about 99% of its exports and 85% of the country’s general budget,” noting that “enhancing non-oil revenues, controlling spending and activating the role of the private sector will work to achieve financial sustainability in such exceptional circumstances.”

It is noteworthy that the government has taken major and important steps to diversify revenues through partnerships with the private sector, reducing tax evasion, rehabilitating factories and paying attention to agriculture. https://alsabaah.iq/103909-.html

US Banks Face $500 Billion in Losses as De-Dollarization Grows

Geopolitical Analyst: 10-9-2024

In the world of global finance, the tides are shifting. While the BRICS alliance — comprising Brazil, Russia, India, China, and South Africa — is diligently strengthening its banking framework and advocating for de-dollarization, the United States finds itself wrestling with a series of financial challenges that could have far-reaching implications.

With the recent collapse of 15 banks in just three years, concerns about the stability of the US banking system are becoming increasingly pronounced.

The data coming to light is alarming. In a recent report, finance expert Dr. Rebel Cole from Florida Atlantic University unveiled that US banks are currently grappling with over $500 billion in unrealized losses on investment securities as of the end of Q2 2024. While there was a slight decrease from $516 billion in Q1 to $513 billion in Q2, the overall picture is still concerning for an economy that has long prided itself on resilience and stability.

These unrealized losses represent a significant burden on the balance sheets of American banks, indicating that the financial health of these institutions is under duress. Coupled with the fact that banks in the US have seen numerous failures, the future of the banking sector is increasingly uncertain. This backdrop cannot be overlooked; it hints at deeper systemic issues that could provoke wider financial instability.

Meanwhile, the BRICS bloc is actively pursuing strategies to insulate themselves from the pressures of the US dollar. Central banks within this alliance are accumulating gold reserves at an unprecedented pace. This tactic serves as a hedge against the volatility of the dollar and underscores the BRICS countries’ commitment to reducing their dependency on US currency.

The motivation behind the BRICS nations’ push for de-dollarization isn’t merely economic; it’s fundamentally geopolitical. By fostering financial independence from the US dollar system and increasing their gold reserves, these countries are positioning themselves to withstand the shocks that the US economy currently faces.

Dr. Cole’s analysis sheds light on the troubling nexus between unrealized losses and the exposure of banks to uninsured deposits. As inflation continues to plague the economy and interest rates fluctuate dramatically, the potential for further instability does exist. The recent volatility in the 10-year treasury yield is testament to the unpredictable nature of the current economic landscape. High inflation rates in the US are further eroding confidence in the dollar, prompting many to question the reliability of an economy that has long been considered the bastion of financial stability.

As US banks navigate these complex waters, the combination of significant unrealized losses and a precarious position regarding uninsured deposits could spell disaster. The specter of financial instability looms, casting a shadow over the once-unassailable dominance of the American banking system.

The juxtaposition of BRICS’ resilience and US banks’ challenges signals a notable shift in global finance. While the BRICS alliance actively fortifies its foundations through asset accumulation and strategic partnerships, the US is left to weather the storm of its financial missteps. The growing unease over the stability of the US dollar, alongside the BRICS nations’ efforts to create a diversified and independent financial ecosystem, creates a sense of urgency.

As financial dynamics evolve, it is crucial for policymakers, investors, and consumers alike to remain vigilant. The stabilization of the US banking system is imperative not only for the nation’s economic well-being but also for the global financial order. The decisions made today in response to these challenges will determine how the landscape will look in the coming years.

In conclusion, the rise of the BRICS alliance coupled with the struggles of the US banking system marks a potential turning point in global finance. The projected unrealized losses, coupled with financial instability and the aggressive de-dollarization strategy of BRICS, suggests a transformative period ahead. As we navigate this evolving landscape, the implications will surely resonate throughout the global economy, redefining power and influence in the world of finance. Only time will reveal how these developments will reshape our financial realities.

Watch the video below from Geopolitical Anaylist for more information.

https://youtu.be/eUBxh5wKHgg

https://dinarchronicles.com/2024/10/10/geopolitical-analyst-us-banks-face-500-billion-in-losses-as-de-dollarization-grows/

KTFA

Clare: Minister of Finance stresses the need to adhere to timetables to achieve economic reforms

A statement by the ministry - received by the Iraqi News Agency (INA) - stated that "Minister of Finance Taif Sami Mohammed chaired a meeting to follow up on the implementation of the government program items related to financial, economic and digital affairs, where she reviewed the latest developments in the plans and procedures adopted by the government to achieve economic and financial reforms and discuss the challenges facing the implementation of the program."

The minister stressed - according to the statement - "the importance of adhering to the specified timetables and achieving the desired goals in enhancing economic stability."

The statement added that "the meeting addressed the most prominent economic and financial indicators, and reviewed the results of the reforms that have been accomplished so far, in addition to discussing ways to accelerate the pace of reform in vital sectors.

Sami stressed the need for cooperation between all parties to achieve sustainable development and improve the standard of living for citizens."

The statement concluded that "the minister urged the concerned parties to continue working hard and intensifying efforts to ensure the success of the reform program and achieve sustainable economic growth." LINK

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Clare: Trade Bank of Iraq announces measures to support exchange rate stability

10/9/2024 Baghdad

The Trade Bank of Iraq (TBI) announced on Wednesday that it has taken a series of measures to support the stability of the exchange rate and prevent exploitation by speculators.

The Director of the Tahrir Branch at the Iraqi Bank, Yarab Al-Hashemi, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the bank's management has taken a series of measures that would stabilize the exchange rate and prevent manipulation in the market, including increasing working hours in the bank's branches, which had an impact on the speed of completing merchants' transactions and the smoothness of financial transfers and eliminating the momentum in that."

He added, "There is a series of measures being taken successively that will have a clear impact on controlling the exchange rate, preventing speculators, and limiting the granting of dollars to the beneficiaries exclusively."

Prime Minister Mohammed Shia Al-Sudani directed "intensifying inspection procedures in financial transfer operations and not being lenient or lenient in pursuing speculators who exploit the crises that the region is going through; to achieve personal profits and benefits
at the expense of the public interest of the country." LINK

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

Militia Man They're got e-government and their institutions doing payments electronically. 600 entities of the government already are doing it. That's huge. There's no turning back...The country of Iraq is embracing electronic digitization for the state institutions and the financial system progress has been massive...2 million cards the first year and 18 million more this year...It shows progress like no other...Turning on their new exchange rate will ignite the country into a digital revolution. The world will marvel over it...

Frank26 Sudani on Friday told the citizens [in an article] we're lifting the three zeros to add value to your currency so you have purchasing power, all of this by the end of the year. Then the following day, Saturday, they [Barzani in Kurdistan] came out and they said word for word they're going to lift the value, they're going to add purchasing power, that's what Baghdad..the central bank...Sudani's people are saying. It looks like they want to get it done by the middle of October...

Iraq Strengthening Banking Sector- CBI- Exploring Peru's Currency for Investment

Edu Matrix: 10-10-2024

Iraq Strengthening Banking Sector CBI Exploring Peru's Currency for Investment - Iraqis are concerned that Israel will target them next. Exploring the SOL Exotic Currency for a potential investment option. IQD Rates SOL Exchange Rates.

https://www.youtube.com/watch?v=8gq0FbW1ymw

LIVE! EXPECT THE STOCK MARKET TO RISE FASTER! AS THE ECONOMY CONTINUES TO CRATER...

Greg Mannarino: 10-10-2024

https://www.youtube.com/watch?v=SMMF7yxowqo