Dinar Recaps Blog Page — Dinar Recaps (2024)

It is strongly recommended that you read two of my previous articles on the gold-based BRICS Currency that I call the CTCU (Common Trade Currency Unit).

This article assumes that you already have a good understanding of the foundation and composition of the new BRICS CTCU gold-based common trade currency.

Here are my two previous articles explaining the BRICS CTCU:

1. Realizing Humanity’s Financial Freedom: The Rise of a New Gold-Based Currency is Underway
2. A Look Under the Hood of the Gold-backed BRICS Currency

This is going to be a lot to digest. But that’s ok. It took me months to figure out what you’re about to read.

BUT DO NOT BE HESITANT OR CONCERNED ABOUT UNDERSTANDING ALL OF THIS AT ONCE.

Keep studying it and join myTelegram Channelto ask questions. I do my best to answer member questions on a timely basis.

Here’s the link to join my Telegram Site:https://t.me/GCR_RealTimeNews

DISCLAIMER: THIS ARTICLE IS FOR INFORMATIONAL PURPOSES ONLY. I AM NOT A FINANCIAL ADVISOR. THIS IS NOT INVESTMENT ADVICE. I AM NOT ENDORSING OR RECOMMENDING THE PURCHASE OF ANY CURRENCY WHATSOEVER. ALWAYS CONSULT A PROFESSIONAL FINANCIAL ADVISER.

This new system, aimed at countering the dominance of traditional fiat currencies like the US Dollar and the Euro, promises to significantly revalue the currencies of countries within the BRICS alliance.

This article explores the incredible implications of this new financial paradigm, detailing the process and calculations behind the anticipated revaluation.

Using the variables and formulas explained (in detail) further down in this article, this is how the Indian Rupee RVs against the US Dollar once the BRICS CTCU gold-based currency comes online.

Here are the basic assumptions used to determine the RV’d exchange rate:

• Price of Gold in US Dollars on the SGE (Shanghai Gold Exchange)This price per gram is assumed at the time the BRICS CTCU comes online but it could be higher:$80/gramor $2,500/ounce. Note: The price has already hit $78.86/gram on May 20th this year on the SGE.

• Gold backing of the CTCU:40% or 0.4 grams per CTCU. This gold percentage has been mentioned repeatedly by the really smart folks planning the structure of the CTCU.

• The native currency componentof the INR withing the new CTCU:60%

• The Pre-CTCU exchange rate of the INR to the US Dollar:83.58 INR per USD or 1.2 cents per INR(this is the most recent rate)

• The RV’d exchange rate of the INR to USD after the gold-based CTCU is in place and operational:1.73 INR per USD or 57.7 cents per INR.

Meaning the Indian Rupee exchange rate will RV from it’s current 1.2 US cents/INR to 57.7 US cents/INR in US Dollar terms. This is a 4,708.33% percent increase in the Rupee’s exchange rate against the US Fiat Dollar.

This is just one currency example based on the calculations and variable defined below.

In my next article, I will do the calculations for the Iraqi Dinar, Vietnamese Dong (VND) and a few other currencies.

There are a few more variables involved for these currencies since they are artificially depressed and will go through a process of removing the zeros from their current note denominations.

Here are all the details you need to know to understand how I calculated this RV rate for the INR.

1. Gold Price: This is the current price of gold per gram from the Shanghai Gold Exchange (SGE). Think of it as the store of value of a small piece of gold, like a gram.

2. Gold Component in CTCU: This is the amount of gold included in one unit of the new currency (CTCU). It represents the gold value in each unit of the new currency.

3. Currency Component in CTCU: This is the portion of the new currency that comes from the local money of a BRICS country, like the Indian Rupee.

4. Pre-CTCU Exchange Rate: This is the exchange rate of the local money to the US Dollar before the new gold-backed currency system is introduced. It shows how much local money you need to get one US Dollar before any gold-based currency system changes.

5. Post-CTCU Exchange Rate: This is the new exchange rate of the local money to the US Dollar after the new system is in place. It indicates how much local money will be needed to get one US Dollar after the revaluation.

6. Amount of Local Currency Held: This is how much of a specific country’s currency you have in your possession before the new system is introduced.

The price of gold from the Shanghai Gold Exchange and the amount of gold in the new currency set a base value for each unit of the new currency.

The portion of the new currency made up of local money combines the gold value with the local currency value. The old exchange rate shows the local money’s worth compared to the US Dollar before the change, while the new exchange rate shows its worth after the change.

Knowing how much country currency you have helps you understand how its value changes with the new gold-based system.

By considering these factors, you can see how the introduction of a new gold-backed currency would significantly increase the value of local money compared to major fiat currencies like the US Dollar.

This helps illustrate the potential financial impact and the revaluation (RV) that is on its way.

As the BRICS nations prepare for this monumental change, the world watches closely, anticipating a new era of financial innovation and economic rebalancing. Holders of BRICS currencies should stay informed and consider the potential implications of this transformative development on their financial strategies and investments.

You can create a simplespreadsheetusing these variables and formulas to play around with the numbers.

I realize these variables and formulas appear small on mobile devices. However,simply click on any of the mathematical or equation images below to get a larger view.

It’s best to view these calculations and equations on a laptop or desktop PC with a larger screen.

Pre-CTCU Exchange Rates and Initial Holdings

Summary of all the Variables Need to Calculate the RV’d Exchange Rate of Any Currency

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TNT:

More than 100 suspended laws in the Iraqi Parliament

Member of the Parliamentary Legal Committee, Muhammad Anouz, revealed on Sunday that the Iraqi Parliament is suffering from the disruption of more than 100 laws, including important laws that were withdrawn by the government to make amendments to them.

Anouz told Shafaq News Agency, “Among the suspended laws are the Flag Service Law, the National Oil Company Law, and the Federal Civil Service Law, in addition to many other laws.” He added, "These laws were withdrawn in an official letter by the government with the aim of amending them."

Anouz explained that "other important laws that suffer from obstruction in the House of Representatives are halted for political and technical reasons, including the General Amnesty Law and the Federal Court Law."

He expressed his hope that "these laws will be passed during the next legislative term. link

Tishwash: Al-Badri: America is using pressure cards to maintain the presence of its forces in Iraq

Political analyst Saeed Al-Badri said on Monday that Washington continues to use pressure cards against Baghdad in order to perpetuate the presence of its forces inside Iraq and the region.

Al-Badri told Al-Maalouma, “The American administration has no seriousness in removing its forces from Iraq, as it is using pressure cards in order to perpetuate the presence of its forces in Iraqi camps and lands.”

He added, "The government's position must be clear by dropping the pressure cards used by the American administration."

He stated that "the presence of American forces inside Iraq raises concern, and is considered a destabilizing factor for the entire region." link

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Tishwash: Iraq Seeks to Boost Economic Ties with Lebanon, Syria

The head of Iraq'sNational Investment Commission (NIC), Dr. Haidar Mohammed Makkiya, has met with the Lebanese Minister of Economy and Trade, Mr. Amin Salam. During the meeting, Makiya affirmed Iraq's desire to expand cooperation in the investment sector.

The NIC chairman stated that the Iraqi government aims to achieve integration in economic and trade relations between Iraq and regional countries, including Lebanon.

The meeting included discussion of the project to rehabilitate the existing oil pipelines between Syria and Lebanon, with investment funding by the Iraqi side, while safeguarding the sovereignty of both countries and working on extending an Arab optical fiber communications network.

He added that the commission works to provide an attractive investment environment for businessmen and foreign investors through the implementation of the amended Investment Law No. 13 of 2006, which guarantees investors' rights. The law also offers necessary advantages and facilities to ensure the success of investment projects.

For his part, the Lebanese minister expressed his government's readiness for joint work to develop the sector in vital areas. link

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CandyLisses: Iraq is preparing to establish a project that changes the oil map. Does it affect energy producers?

Economy News - Baghdad

Iraq's budget for the current year 2024 allocated an amount of $4.9 billion to establish a pipeline that extends from Basra in the far south of Iraq on the waters of the Gulf, to a city of Hadithi, located in the far west of Iraq within the Anbar border province with Jordan and Syria, which means the return of life to the Iraq-Jordan project, which has been witnessing political opposition inside Baghdad for years, and the export of Iraqi oil through Jordan to the world through the Mediterranean, considering that the project was mainly related to the construction of the oil pipeline through two stages, the first to Haditha, which is the longest, and the second to enter the neighboring Jordanian territory.

The project has for years witnessed controversy over economic feasibility, along with opposition from political and armed forces and parties allied to Tehran, describing the project as allowing Iraqi oil to reach the Israeli occupation, but the proposals provided by oil economists and experts confirm that opening a third export outlet for Iraq other than the waters of the Arabian Gulf and Turkey will give Iraq an advantage over Iran and Saudi Arabia in terms of export diversity, especially in times of military and political tensions in the Middle East.

Iraqi Oil Ministry adviser Ahmed Al-Omar said that the arrival of the pipe to Hadith, western Iraq, means the possibility that Iraq will transport its oil not only through Jordanian territory and then Aqaba, but also through the Syrian port of Baniyas. Al-Omar added that “the project will change the map of the oil industry and its production in the region and give Iraq a great advantage over other oil neighbors.” By approving the amount allocated for the start of the project, according to age, the government will start working on the implementation phase, stressing that Iraqi companies will work on it, and the pipe will be implemented through the Iraqi Ministry of Industry as well.

a strategic project

The Director General of the Oil Projects Company, Ali Ward Hammoud, said, “The Oil Pipeline Project in Hara is considered one of the most important strategic projects of the oil movement in Iraq, and it enhances the economy by enabling the country to export oil through new outlets.”

He added that "oil produced from the southern fields is exported through our ports and loading points overlooking the Gulf, which is the only outlet for most Iraqi oil currently, and with the presence of geopolitical challenges in the region, the Ministry of Oil has taken it upon itself to diversify the export outlets, as it has prepared during the past decade a study of the northern export system with the help of the most important international consulting companies and develop appropriate plans to develop new export outlets to serve the expansion of oil production in the country through licensing rounds offered by the Ministry.”

He continued that "a modern Basra pipe falls within this trend, and the size of the tube is 56 knots, and a card that provides the export of two million and 250 thousand barrels per day, and it will be manufactured by Iraqi hands, and the bulk of it will be made by the Iron and Steel Company of the Ministry of Industry. It provides new export outlets for Iraqi oil to the countries of Europe and North America, in line with the development road project and the government's endeavor to make it a corridor for global energy, in addition to its role in transporting goods between East and West."

He stressed that “there is an intention to connect the pipeline in the future to the port of Tartus on the Mediterranean, after the achievement of the appropriate security conditions in Syria, through a pipeline that is established for this purpose and connects a modern warehouse to the port of Tartus,” according to him.

Iraq towards new markets

According to Iraqi political sources, the beginning of the project was in 1983, when the Iraqi and Jordanian sides agreed to extend a pipeline from Basra to the port of Aqaba on the Red Sea, passing through Jordanian territory. At the time, the two sides demanded guarantees by the United States so that Israel should not target the pipe.

The sources state that the Sudanese government of Mohamed Shiaa is seeking to start the project as soon as possible, because the pipe represents a new type of Iraqi energy export outlet, specifically oil, and it also offers the opportunity for Iraqi oil to reach new markets in Europe, as well as economic gains and sustainable and diversified financial returns, in addition to participation and investment in international manufacturing sectors.

Although the financial budget of Iraq for this year included the new pipeline project with an estimated amount of 6.5 billion Iraqi dinars ($4.9 billion), the deputies of Basra Governorate confirmed that they would obstruct the project.

A member of the Iraqi Council of Representatives, Hadi Al-Salami, said that “the strange thing in this project is that he was rejected by most Iraqi parties during the period of Mustafa Al-Kadhimi's (previous) government, but the parties themselves currently agree with it, and we do not know what the reasons, especially that the information is scarce about it, and we do not know the reasons for the government's secrecrecy on it.”

Al-Salami explains that “politicians and deputies in Iraq do not have enough information about the pipe project, and we are demanding to know the economic feasibility of the project from the point of view of the government.”

The consultant in the international transport economy Ziad Al-Hashemi pointed out that "the Basra-Aqaba pipeline project is a strategic project to raise the level of cooperation between Iraq, Jordan and Egypt, and enhance the level of inter-regional relations, whether political, security and economic, and that the passage of the oil pipeline through a regional state such as Jordan, will not exploit this pipe to pressure Iraq in the future, and this ensures the smooth flows of Iraqi oil flows without hinderance."

Al-Hashemi continues by saying that “the project raises fears of exploiting the line in the Israeli entity’s repliement of Iraqi oil in response to assumed Western requirements or pressures.”

Al-Hashemi added that "one of the problems that may face the project is the rejection by some regional pivotal countries to hinder Iraq's attempts to diversify Iraqi oil export ports to the West, in addition to security pressures and problems in stability, which are still an obstacle to the completion and success of any Iraqi project, not to mention the possibility of opening new outlets for corruption inside and outside Iraq because of the high cost of construction."

In turn, oil expert Kovnd Shirwani considered that “the modern Basra oil pipeline project falls within the framework of the first phase of a project that extends to the port of Aqaba in the Mediterranean, which will provide a new export outlet for Iraq.”

He continued that “we also believe that it is necessary to revive the Kirkuk-Ceyhan line, which was transporting up to 400,000 barrels per day, in addition to an investment possibility in the transport of Nineveh and Salahuddin oil and a card that could reach up to one million barrels per day, which provides important export outlets to Iraq.”

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: Happy groundhogs day all!!

Member: Even Groundhog day was finally over……maybe this will be our week.

Member: the constant "one step forward, two steps back" is exhausting!

Membeer: I hear bond holders are having heavier pockets ….is this true?

Member: Any good news today?

MZ: The news is staying fantastic on the bond side. There is some competing information on the bond market. Seems some are receiving deposits , but my biggest international historic bond source has not yet gotten any dollars or a payout.

MZ: I do feel comfortable saying it has started….we are seeing movement …but I am confused and waiting for some check ins this morning to see if there is any money movement in Europe. I will get my Reno update around 1 or 2 this afternoon.

MZ: My understanding may be a little off as to how they are executing it.

Member: I wonder why does there seem to be a delay to getting to 4b. I mean theses tiers have been lined up for years.

Member: Mark, what is your take on people saying brokers, intermediaries, and others named in a contract has to be paid to complete the bondholders payout?

MZ: We will see a lot of brokers and intermediators getting paid. It will all complete at the same time similar to a real estate closing.

Member: So no budget in the Gazette yet?

Member: Tomorrow the bill in Iraq is implemented automatically

MZ: It’s been pretty quiet from Iraq sources over the weekend. They seem to finish things first over there and then tell us.

Member: Their stock market opens on the 23rd after eid holiday

Member: I’m pretty sure the CBI can change the rate without the amendments being in the Gazette. Seems like they would need the rate changed first so the new figures can go into the Gazette correctly.

Member: I read that Vietnam may go BRICS! If they go before the RV, will our Dong still be good with Vietnam, as a BRICS country?

MZ: Yes…It would be an improvement for us if they go.

Member: Putin is in Vietnam today

Member: Eid Al Adha Holiday here in the Middle East through Tuesday. Banking resumes on Wednesday.

Member: An intel guru on Recaps says Iraq is following Dr Shabibis plan to a T

MZ: They are. The plan was to increase the value, put lower denominations in circulation , and put the larger notes we hold in the banks for foreign reserves. Shabibi planned it all out and told us what would happen. ‘

Member: Are all currencies going to float? IQD, dong, bolivar, zim ect…?

MZ: I would not look for much of a float because we are supposed to peg to assets. If we are floating…to me it still means we are living in a fiat world. Then we will really need to have some conversations about how to protect our money.

Member: Are the whitehats real…or another fairy tale?

Member: Does it annoy anyone else, that they think we need to go through extreme pain, to do RIGHT by the world?

Member: just my opinion but we have been lied to for so long about so many things, it's hard to believe in anything anymore!

​​Member: My bank will be closed on the19th to observe "Juneteeth " day

Member: Interesting COMEX is closing June 18-20 for the Juneteenth holiday.

Member: Mark, awhile back you said your military contacts said this should all be done by July 4th. Any new updates that still support that timeline?

Member: Mark, do you think we'll be through the exchange process by July 4th?

Member: Dear God we hope so

Member: I believe the RV is like an amusem*nt park ride, we have our tickets and we're in line waiting for our turn to ride.

Member: And the line is very long and we are at the end ……

Member: Thanks Mark and Mods…..good things will happen suddenly….we are almost there.

To hear the guests on todays podcast. Be sure to listen to the replay

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=c6yxjYvAW84

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

Global Currency Reset: Rumors/Opinions

Sun. 16 June 2024 MarkZ: “I’m getting from many sources in Reno that last night (Sat. 15 June 2024) they released 1% to Bond Holders. That should kick off a cascade event.”

Sun. 16 June 2024 Wolverine: “Guys I’ve just been informed that a meeting just ended that confirmed Bond People are being paid their 1% and Whales are travelling to Reno and some are already there. Notifications are coming. Get ready everyone, it’s going to be a massive week.”

Sun. 16 June 2024Banker: : “Lots more info being shared about bond holders being liquid, will keep you folks in the loop.”

On Sat. 15 June 2024 Iraq finished deploying the latest ATM machines in all banks.

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Global Economic Crisis:

Sun. 16 June 2024 Saudi Arabia just ditched the US Dollar: https://youtu.be/yolCkHT1S_o

Sun. 16 June 2024 California is asking the federal government to bail out their 37.9 billion dollar deficit. All other 49 states are now required to send their money to California!

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The Quantum Financial System QFS (Rumors)

This is the Great Financial Shift leading to a new Quantum Financial System that can only contain true asset-backed currency.An asset-backed digital currency qualifies as a “currency.”

All currencies will be “Asset Backed” in each country. This could be gold, silver, platinum, oil, precious metals or any other major asset that the country has.

Only two Crypto Currencies will be backed by gold – XRP and XLM! All others, not backed by assets, will disappear by the end of 2024.

Quantum software and computers make the system the most secure on the planet and impossible to hack.

All banking transactions will eventually be conducted in QFS.

Banks as we know them will change dramatically.

QFS will hold all money in “Digital Form”, although it will still be asset-backed.

All money transfers (moves) will contain at least 50 movement records, which will be stored in milliseconds simultaneously on six main surface server farms.

All cash movements are kept in permanent records.So there is NO fraud or criminal activity that cannot be traced.

All people will have a “digital wallet” account with QFS rather than with a bank. This digital wallet is 100% secure.

You can use your “Debit Card” directly from this account.

You can transfer money with 100% security to any bank account, country, citizen anywhere in the world

Read full post here: https://dinarchronicles.com/2024/06/17/restored-republic-via-a-gcr-update-as-of-june-17-2024/

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

Frank26 The investment law is being passed. You'll see it very soon. They have no choice. Sudani is extremely happy about it because that's how you're going to be able to get these new contract with the new exchange rate.

Paulette Community Reminder ["He pointed out that the new currency entry does not mean the destruction of ancient coins, but will continue to trade for about ten years, pointing out that this period will enable the central bank to withdraw the old currency in accordance with the dynamics and mechanics in order to preserve liquidity In the market" This 2016 article says.They will coexist with 10 years.] Exactly! And, this was further clarified that active trading in the Market Place will be upwards of two years while through the banks it would be at least 10...This is what I believe will be told to the citizens when they bring out the Fils and lower notes...IMSO, it won't be a week or 90 days or even 180...Nor will they be cancelling the 3-Zero series for at least 10 years...They are currently following the Dr Shabibis plan to a "T"...

Iraq's Dollar Exchange Rate Holds Steady Amid Eid Al- Adha Holiday

Nader: 6-16-2024

https://www.youtube.com/watch?v=a-ZnIW4wUi0

IQD Increases in Value Vietnam Gold Issue

Edu Matrix: 6-16-2024

BREAKING NEWS: IQD Increases in Value on June 16th Vietnam Gold Issue Currency News; Iraq: Iraqi Dinar, Vietnam Dong, ZiG Currency, Haiti's Currency, Gold, and BRICS Currency Plans.

https://www.youtube.com/watch?v=f50knmdChtg

KTFA

Sunday Night Conference Call

FRANK26…..6-16-24….LOAD ‘EM UP

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=g-1KO1oQ4XE

Iraq Economic News and Points To Ponder Late Sunday Evening 6-16-24

Al-Sudani confirms the progress of the fight against corruption “in every corner where it hides”

Time: 06/16/2024 Read: 1,807 times {Politics: Al-Furat News} Prime Minister Muhammad Shiaa Al-Sudani stressed the progress of the fight against corruption “in every corner where it hides.”

Al-Sudani said in a statement, a copy of which {Al-Furat News} received on the occasion of the blessed Eid al-Adha, “I extend my best congratulations and blessings to our honorable Iraqi people on the occasion of the blessed Eid al-Adha, coupled with my sincere prayers to the Creator, the Almighty, to repeat this occasion for our people in all parts of Mesopotamia.”

And the peoples of the Arab and Islamic worlds, with more abundance of goodness and the blessing of security and stability, and to bestow His victory and mercy upon our patient people in Gaza, and to repel aggression from them.”

He added, "I turn to the Almighty to accept the good deeds of those who performed Hajj to His Sacred House, and to return our Iraqi pilgrims safely, winning God’s forgiveness and satisfaction, and enjoying His abundant mercy. He is the best Lord and Helper."

On this occasion, Al-Sudani renewed “the bond of responsibility and covenant, with our people of all categories and sects, to continue work and diligence, and to exert efforts and energies, to achieve all the components of our government program, which is a realistic extrapolation of the demands and ambitions of our people, and an actual and field response to confront all the challenges and difficulties that stand in their way.”

He continued, "Just as we affirm the continuation of our responsibilities towards the sovereignty of Iraq, extending the hand of the law, liberating and developing the economy, bringing about progress and development, creating creative opportunities, and combating all social ills and corruption in every corner where it hides, Eid Mubarak and acceptable work, and may the Iraqis’ days last in joy and happiness. “Iraq will remain proud and strong under the shadow of its honorable sons and family.” LINK

Iraq Affirms Its Commitment To Supporting International Security And Stability In The Region

Political | 06/16/2024 Baghdad - Mawazine News Foreign Minister Fuad Hussein affirmed, on Sunday, Iraq’s commitment to its effective role in supporting international security and stability in the region.

A statement from the Ministry of Foreign Affairs, received by Mawazine News Agency, stated that “Deputy Prime Minister and Minister of Foreign Affairs Fouad Hussein met with Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs of the Kingdom of Saudi Arabia, on the sidelines of the peace summit in Ukraine, which was held at the Brukenstock Resort in the Swiss city of Lucerne.” .

The statement added, "During the meeting, the two sides held in-depth talks on ways to enhance efforts to bring peace to Ukraine and end the war, and stressed the importance of enhancing constructive dialogue between the conflicting parties through international mediation and diplomacy, and relying on peace initiatives supported by the United Nations."

The statement indicated, "The discussions between the minister and Prince Faisal bin Farhan dealt with bilateral relations between Iraq and the Kingdom of Saudi Arabia, with a focus on ways to enhance and expand bilateral cooperation."

Hussein stressed, according to the statement, that "Iraq is striving to strengthen its efforts in cooperation with our brothers and the international community to achieve security and stability in the region, which reflects Iraq's commitment to its effective role in supporting international peace and security." https://www.mawazin.net/Details.aspx?jimare=249833

Iraq Is Preparing To Establish A Project That Will Change The Oil Map.. Will It Affect Energy Producers?

Energy Economy News – Baghdad Iraq's budget for the current year 2024 allocated an amount of up to 4.9 billion dollars to establish a pipeline extending from Basra in the far south of Iraq on the waters of the Gulf, to the city of Haditha, located in the far west of Iraq within the Anbar Governorate bordering Jordan and Syria, which means the return of life to the Iraq project - Jordan, which has been witnessing political opposition inside Baghdad for years, stipulates that Iraqi oil be exported through Jordan to the world via the Mediterranean, given that the project was essentially linked to extending the oil pipeline through two stages, the first to Haditha, which is the longest, and the second to enter neighboring Jordanian territory.

For years, the project has witnessed controversy over its economic feasibility, in addition to the opposition of political and armed forces and parties allied with Tehran, describing the project as allowing Iraqi oil to reach the Israeli occupation. However, the proposals presented by economists and oil experts confirm that opening a third export port to Iraq will change the waters of the Arabian Gulf and Turkey. It will give Iraq an advantage over Iran and Saudi Arabia in terms of export diversification, especially in times of military and political tensions in the Middle East.

Advisor to the Iraqi Ministry of Oil, Ahmed Al-Omar, said that the arrival of the pipeline to Haditha, western Iraq, means that Iraq can transport its oil not only through Jordanian territory and then Aqaba, but also through the Syrian port of Baniyas. Al-Omar added, “The project will change the map of the oil industry and production in the region and give Iraq a great advantage over other oil neighbors.”

By approving the amount allocated to start the project, according to the age, the government will begin work on the implementation phase, stressing that Iraqi companies will undertake work on it, and the pipeline will be implemented through the Iraqi Ministry of Industry as well.

Strategic Project

Director General of the Petroleum Projects Company, Ali Ward Hammoud, said, “The Basra-Haditha oil pipeline project is considered one of the most important strategic projects for the movement of oil in Iraq, and it strengthens the economy by enabling the country to export oil through new ports.”

He added, “The oil produced from the southern fields is exported through our ports and loading points overlooking the Gulf, which is the only outlet for most of Iraqi oil currently, and with the presence of geopolitical challenges in the region, the Ministry of Oil has taken it upon itself to diversify export outlets, as over the past decade it prepared a study.”

“For the northern export system, with the help of the most important international consulting companies, and developing appropriate plans to develop new export outlets to serve the expansion of oil production in the country through the licensing rounds proposed by the ministry.”

He continued, "The Basra-Haditha pipeline falls within this trend. The size of the pipeline is 56 knots, and has a capacity to secure the export of two million and 250 thousand barrels per day. It will be manufactured by Iraqi hands, and the bulk of it will be manufactured by the Iron and Steel Company affiliated with the Ministry of Industry, and it provides new export outlets."

Iraqi oil is transported to European and North American countries, in line with the development road project and the government’s endeavor to make it a global energy corridor, in addition to its role in transporting goods between the East and the West.”

He confirmed that “there is an intention to connect the pipeline in the future to the port of Tartous on the Mediterranean Sea, after achieving appropriate security conditions in Syria, through a pipeline established for this purpose and linking the Haditha warehouse to the port of Tartous,” he said.

Iraq Towards New Markets

According to Iraqi political sources, the beginning of the project was in 1983, when the Iraqi and Jordanian sides agreed to extend a pipeline from Basra to the port of Aqaba on the Red Sea, passing through Jordanian territory. At the time, both sides demanded guarantees from the United States so that Israel would not target the pipeline.

The sources state that the government of Muhammad Shiaa al-Sudani seeks to start the project as soon as possible, because the pipeline represents a new type of outlet for Iraqi energy exports, specifically oil, and it also provides the opportunity for Iraqi oil to reach new markets in Europe, as well as sustainable and diversified economic gains and financial returns. In addition to participating and investing in international manufacturing sectors.

Although Iraq's financial budget for the current year included the new pipeline project at an amount estimated at approximately 6.5 billion Iraqi dinars ($4.9 billion), representatives from Basra Governorate confirmed that they would obstruct the project.

Member of the Iraqi Parliament, Hadi Al-Salami, stated, “What is strange about this project is that it was rejected by most of the Iraqi parties during the period of Mustafa Al-Kadhimi’s (previous) government, but the parties themselves currently agree to it, and we do not know what the reasons are, especially since information is scarce about it, and we do not know “The reasons for the government’s secrecy about it.”

Al-Salami explains, “Politicians and representatives in Iraq do not have sufficient information about the pipeline project, and we demand to know the economic feasibility of the project from the government’s point of view.”

The consultant in international transport economics, Ziad Al-Hashemi, pointed out that “the Basra-Aqaba pipeline project is a strategic project to raise the level of cooperation between Iraq, Jordan and Egypt, and to enhance the level of inter-relations, whether political, security or economic, and that the passage of the oil pipeline through a regional country like Jordan will not be exploited.” This pipeline is intended to put pressure on Iraq in the future, and this will ensure the smooth flow of Iraqi oil flows without obstacles.”

Al-Hashemi continues by saying, “The project raises fears that the pipeline will be exploited to supply the Israeli entity with Iraqi oil in response to supposed Western requirements or pressures.”

Al-Hashimi added, “One of the problems that the project may face is the refusal by some pivotal regional countries to hinder Iraq’s attempts to diversify Iraqi oil export outlets towards the West, in addition to the security pressures and stability problems that still constitute an obstacle to the completion and success of any Iraqi project, let alone About the possibilities of opening new outlets for corruption inside and outside Iraq due to the high construction costs.

In turn, oil expert Kovind Sherwani considered that “the Basra-Haditha oil pipeline project falls within the framework of the first phase of a project extending to the port of Aqaba in the Mediterranean, which will provide a new export outlet for Iraq.”

He continued, "We also believe that it is necessary to revive the Kirkuk-Ceyhan line, which used to transport up to 400,000 barrels per day, in addition to the investment possibility in transporting Nineveh and Salah al-Din oil, with a capacity that could reach one million barrels per day, which provides export outlets." A mission for Iraq.” 178 views 06/16/2024 https://economy-news.net/content.php?id=44347

To read more current and reliable Iraqi news please visit :https://www.bondladyscorner.com/

Provoking Thoughts and Points To Ponder On Adversity:

Without the burden of afflictions it is impossible to reach the height of grace. The gift of grace increases as the struggles increase. -Saint Rose of Lima

When the going gets tough, the tough get going. -Frank Leahy

The effects of opposition are wonderful. There are men who rise refreshed on hearing of a threat, men to whom a crises, which intimidates and paralyzes the majority, comes as graceful and beloved as a bride! -Ralph Waldo Emerson

Remember that the Devil doesn't sleep, but seeks our ruin in a thousand different ways -Angela Merici

Down you mongrel, Death! Back into your kennel! -Edna Saint Vincent Millay

He that wrestles with us strengthens our nerves and sharpens our skills. Our antagonist is our helper. -Edmund Burke

The block of granite which was an obstacle in the path of the weak becomes a steppingstone in the path of the strong. -Thomas Carlyle

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

http://famousquotesandauthors.com/quotes_by_topic.html

The Sound of Silence Is Getting Louder

White Hat Auxiliaries Briefing #204

Salve Citizens! I hope this finds all of you in good health and prospering.

First, I did make an inquiry about any releasable news concerning the SGRP. ** I was given the following answer: "Way too sensitive right now."

This answer, in regards to the current status of the SGRP, is congruent to several other peripheral matters of high finance that are also, interestingly, described as sensitive. I say this from direct observation and not based on hearsay or rumor. I find this quite interesting, indeed.

For now, that's it on the clandestine world of international financial intrigue.

I have decided to no longer maintain a crypto suggested buy list. The reason is simply because I don't think it's particularly important at this stage of the game. The projects that stand to give the most value are already widely known and there are endless resources on the net for evaluating them. This, and also because the time it would take to properly maintain and update such a large list is getting prohibitive.

What we will do in the future is feature any valuable ideas on an À la carte basis, in the discussion section, as such ideas are found and time permitting, across many sectors, and not just crypto.

For those that take the time to read WHA, this is only fair, rather than posting a list that anyone can view external to the rest of the site. I will leave the current list up for two more weeks for those who wish to copy it or otherwise need it for whatever reason.

We maintain a sizeable repository of crypto advisory feeds, so if you have any questions on an idea, we can certainly research and provide any feedback on many ideas if you should need general questions needed. But the site list will go.

It's an election year, and the political commentary has been colorful, to say the least. As I see it, politics is an obsolete, irrelevant, outdated and increasingly dangerous method of tending to the needs of a technologically developing world.

Adherence to this archaic form of societal management is creating increasing levels of competitiveness among nuclear-armed nations who are jockeying for control of planetary resources. So as long as we have to suffer under this retarded planetary management scheme, be sure you are ready for anything that politics can cause, which is usually nothing useful or good for your health.

I once again thank you all for the wide array of commentary and information being shared in the discussion section. Continue to use it to share whatever you wish to help further the understanding of the world in which we live.

For now, that's it.

The Empire thanks you for your service.

WHA S*P*Q*R* SI VIS PACEM PARA BELLVM

https://whitehatauxiliaries.com/2024/06/17/briefing-204/

** SGRP -- SPAR Group is a leading global merchandising and marketing services company providing an extensive range of services to retailers, consumer product brands, and distributors around the world. With more than 55 years of experience, 25,000+ experienced merchandisers, on average 250,000 store visits a week across the countries we serve, we have developed a reputation of expertise in scale, agility, and solutions.

KTFA:

Clare: Iraq receives a suspect it recovered from Belarus on charges of embezzling 6 billion dinars

6/16/2024 Baghdad

The Federal Integrity Commission confirmed today, Sunday, that joint cooperation with countries around the world is the only way to recover the money and the accused.

The head of the Federal Integrity Commission, Haider Hanoun, said, “The Integrity Commission is making great efforts to recover Iraq’s stolen funds by concluding memorandums of understanding with countries.”

He explained, "There is no pressure on countries to return the money except through joint cooperation, and giving more space to search for our money in those countries and recover the accused."

Hanoun added, “The Integrity Commission was able to recover one of the accused, who is convicted from a country in Belarus for embezzling more than 6 billion dinars. She previously worked in the Ministry of Health and arrived in Iraq, and is also waiting for other accused,” noting that “the Commission is continuously working with countries to recover... Money and defendants. LINK

Clare: Al-Sudani confirms the progress of the fight against corruption “in every corner where it hides"

6/16/2024

Prime Minister Muhammad Shiaa Al-Sudani stressed the progress of the fight against corruption “in every corner where it hides.”

Al-Sudani said in a statement, a copy of which {Al-Furat News} received on the occasion of the blessed Eid al-Adha, “I extend my best congratulations and blessings to our honorable Iraqi people on the occasion of the blessed Eid al-Adha, coupled with my sincere prayers to the Creator, the Almighty, to repeat this occasion for our people in all parts of Mesopotamia.”

And the peoples of the Arab and Islamic worlds, with more abundance of goodness and the blessing of security and stability, and to bestow His victory and mercy upon our patient people in Gaza, and to repel aggression from them.”

He added, "I turn to the Almighty to accept the good deeds of those who performed Hajj to His Sacred House, and to return our Iraqi pilgrims safely, winning God’s forgiveness and satisfaction, and enjoying His abundant mercy. He is the best Lord and Helper."

On this occasion, Al-Sudani renewed “the bond of responsibility and covenant, with our people of all categories and sects, to continue work and diligence, and to exert efforts and energies, to achieve all the components of our government program, which is a realistic extrapolation of the demands and ambitions of our people, and an actual and field response to confront all the challenges and difficulties that stand in their way.” ".

He continued, "Just as we affirm the continuation of our responsibilities towards the sovereignty of Iraq, extending the hand of the law, liberating and developing the economy, bringing about progress and development, creating creative opportunities, and combating all social ills and corruption in every corner where it hides, Eid Mubarak and acceptable work, and may the Iraqis’ days last in joy and happiness. “Iraq will remain proud and strong under the shadow of its honorable sons and family.” LINK

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Clare: Sudanese on Eid: Committed to Iraq's sovereignty and extending the hand of law

6/16/2024

Today, Sunday, Iraqi Prime Minister Muhammad Shiaa Al-Sudani sent his congratulations to the Iraqis on the occasion of Eid Al-Adha.

Al-Sudani expressed, in a statement received by Shafaq News Agency, his calls for more goodness, security and stability for the Iraqi people and the peoples of the Arab and Islamic worlds. He also called for mercy and victory for the people of Gaza, stressing the necessity of repelling the aggression against them.

Al-Sudani stressed the renewal of the pledge with the Iraqi people of all categories and sects to continue hard work and diligence to achieve all provisions of the government program, which aims to meet the demands and aspirations of the Iraqi people and confront the challenges and difficulties that stand in their way.

Al-Sudani added that the government continues to bear its responsibilities towards Iraq's sovereignty, extend the hand of the law, liberalize and develop the economy, achieve progress and development, create creative opportunities, and combat social ills and corruption in all parts of the country.

The Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, also extended his congratulations on the occasion of Eid Al-Adha, and called, in a statement received by Shafaq News Agency, for concerted efforts to enhance security and stability and support the construction and reconstruction movement.

The Acting Speaker of the House of Representatives renewed his call on the international community to stop the Zionist aggression against Palestine and the countries of the region, stressing the necessity of serious and immediate action in order to break the siege on the Gaza Strip and bring in urgent humanitarian aid. LINK

From Recaps Archives:

If you hook a dog leash over a ceiling fan, the motor is not strong enough to rotate a 42 pound Boy wearing Batman underwear and a Superman cape. It is strong enough, however, if tied to a paint can, to spread paint on all four walls of a 20 x 20 ft. room.

TNT:

Mot: . New Dads.... Getting Ready fur da Daughter Thing!!!

Goldilocks' Comments and Global Economic News Sunday Afternoon 6-16-24

Good EveningDinar Recaps,

Look for gold to be reclassified during this time and the digital economy to go ahead and move into its mass adoption. ICMA Group

© Goldilocks

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Figure Technology Solutions has launched Figure Connect, its blockchain-based marketplace for private credit.Outside of the qualified mortgage sector, most loan purchase agreements (LPAs) are bespoke, making them illiquid. Figure’s is promoting the use of standardized sales terms and documentation to make the market more liquid. Ledger Insights Figure Technology Solutions

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Bitcoin Suisse, one of the largest digital asset players in the country, has issued a digital bond via the Obligate platform. When asked for more details about the bond, Bitcoin Suisse told Ledger Insights that it is a technical prototype with a 12 month maturity, available only to qualified investors.
Ledger Insights Bitcoin Suisse

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BIS launches Toronto Innovation Hub -Ledger Insights - blockchain for enterprise

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Testimony of Chairman Rostin Behnam Before the Subcommittee on Financial Services and General Government, Committee on Appropriations, U.S. Senate |CFTC

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PCPD Corporate Video |Youtube

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Seeds of Wisdom Team Presents

Goldilocks'Daily Breakdown PodcastLink

Goldilocks'Telegram Room

Goldilocks' Q & A ClassroomLink

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What Iraq Must Do Before RV Can Happen |Youtube

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XRP RIPPLE UPDATE: CAN XRP ESCAPE THIS? | SEC VS RIPPLE | XRP Lawsuit Heats Up with Judge |Youtube

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BIS Survey: 94% of Central Banks Exploring Digital Currency –Featured Bitcoin News

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Goldilocks'Daily Breakdown PodcastLink

Goldilocks'Telegram Room

Goldilocks' Q & A ClassroomLink

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KTFA:

Frank26: "FROM PHOSPHATE TO OIL IRAQ HAS EVERYTHING THE WORLD NEEDS!!!".........F26

The industry opens the door to investment in the Al-Qaim phosphate plant

6/12/2024 Baghdad

Anbar Governor's Advisor for Energy Affairs, Aziz Khalaf Al-Tarmouz, announced today, Wednesday, that the Al-Qaim phosphate plant will soon be transferred for investment after a hiatus that lasted for more than 15 years.

Al-Tarmouz said, "A large number of investment companies have submitted their papers to obtain this investment opportunity."

He added, "It is hoped that the project will be referred to one of the international investment companies within approximately 45 days."

He continued, "The value of the investment contract is about 3 billion dollars, as the plant is considered one of the most important sovereign strategic projects that serve the
economy of Iraq and Anbar."

He explained, "The Ministry closed the tender a week ago, awaiting its referral to the relevant international companies." LINK

Frank26: "SUDANI PROTECTS THE MONETARY REFORM!!!"...........F26

The Federal Integrity Commission revealed, on Friday, that an arrest warrant had been issued against a former official in the Samawah Municipality Directorate. For embezzling nearly two hundred million dinars of public money, in addition to issuing an order to bring in two officials in the directorate.

The Government Information and Communications Office indicated in a statement today that the work team consisting of the staff of the Authority’s investigation office in Muthanna, which moved on (6/12/2024) to the Samawah Municipality Directorate, revealed, after investigation, auditing and review work, the existence of financial violations and cases of embezzlement of money. This year, it was carried out by the former municipal collection official, explaining that he cut off the collection receipts for the real amounts owed by the citizens and collected from them, and tampered with the second copy of the “carbonated” receipt by registering it with amounts that were less than the real amounts actually deducted.

The office continued that the accused was paying the smaller amount to the directorate’s fund. Based on the “carbonated” copies that he tampered with, explaining that the audit work concluded that as a result of tampering with the receipts and distorting the amounts and their dates; In order to overcome the payment delay period, an amount of (198,920,467) one hundred and ninety-eight million dinars of public money was wasted.

He continued that the judge of the Integrity Investigation Court in Muthanna issued an arrest and investigation order against the accused, the former collection official in the Samawah Municipality, in addition to bringing in the accounts, control and internal audit officials there, based on the provisions of Article (315) of the Penal Code. LINK

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

Walkingstick These ATM machines have the capability to recognize the lower denoms that are soon to be passed out to the citizens in order to add value to their currency and to go hand in hand with a new exchange rate of the lower notes...These ATM machines have the software for the lower notes. But does it have the lower notes in these ATM machines? It is unknown...Since April there have been thousands of these ATMs being put out...

Nader From The Mid East Article: "Iraq Bulks Up Gold Reserves, Inch Up World Rankings" Quote: "Their holdings have grown to 145.7 tons, a bump of over 3 tons compared to 142.6 tons the previous month. This increase...is enough to nudge Iraq one spot higher in the WGC's global ranking, landing them 31st place out of 100 countries."

BRICS: $517 Billion in Unrealized Losses Hits US Banking System

Geopolitical Analyst: 6-15-2024

While the BRICS alliance is strengthening its banking system, the US seems to be on a downhill.

In the last three years alone, 15 US banks collapsed renewing fears of financial instability across the homeland. Banks such as the Republic First Bank, Citizens Bank, First Republic Bank, Signature Bank, Silicon Valley Bank, and First State Bank, among others, collapsed in the last three years.

The Federal Deposit Insurance Corporation (FDIC) published the latest report that the US banking system is looking at an unrealized loss of $517 billion.

The FDIC also stated that US 63 lenders are currently on the brink of insolvency.

The banks are now saddled with more than half a trillion dollars on the balance sheets in their papers. The development shows that the US banks are at risk while the central banks of BRICS are massively accumulating gold.

While the unrealized losses are only on the balance sheets, they could become a liability when the banks require liquidity.

The number of lenders on its Problem Bank List rose significantly last quarter, reported FDIC. This puts the US banking system under pressure as BRICS is dumping US treasuries and the dollar.

In the last seven months alone, BRICS member China has sold $72 billion worth of US treasuries.

The BRICS alliance is also spearheading the de-dollarization movement by convincing developing countries to end reliance on the dollar.

The number of banks on the Problem Bank List, those with a CAMELS composite rating of ‘4’ or ‘5’ increased from 52 in fourth quarter 2023 to 63 in first quarter 2024.

The number of problem banks represented 1.4% of total banks, which was within the normal range for non-crisis periods of 1% to 2% of all banks.

Total assets held by problem banks increased $15.8 billion to $82.1 billion during the quarter,” read the FDIC report.

https://www.youtube.com/watch?v=KaZck7P8zrI