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Iraq Economic News and Points To ponder Wednesday Evening 6-26-24
Experts: The Path To Development Is The Beginning Of An Economic Partnership
Economical 06/26/2024 Baghdad: Shukran Al-Fatlawi Economic affairs specialists believe that the “development path” represents a qualitative shift in the Iraqi economy and the beginning of a new and important phase, which
qualifies it to be the main point of contact in the issues of trade linkage between the East and West, the Gulf and Europe, in addition to its
strategic and developmental importance and its role in
eliminating unemployment, reviving the labor market and
activating... The wheel of industry.
Iraq Economic News and Points To ponder Wednesday Evening 6-26-24
Experts: The Path To Development Is The Beginning Of An Economic Partnership
Economical 06/26/2024 Baghdad: Shukran Al-Fatlawi Economic affairs specialists believe that the “development path” represents a qualitative shift in the Iraqi economy and the beginning of a new and important phase, which
qualifies it to be the main point of contact in the issues of trade linkage between the East and West, the Gulf and Europe, in addition to its
strategic and developmental importance and its role in
eliminating unemployment, reviving the labor market and
activating... The wheel of industry.
During the “Development Road” conference organized by Iraq last year,
which witnessed broad international participation that expressed its real desire to participate in the Iraqi strategic project, Prime Minister Muhammad Shia’ al-Sudani affirmed that the “Development Road,” which
extends from the far south of Iraq to Turkey, is an ambitious and thoughtful plan to change... The reality
is towards a solid economic structure, and that the project, with its work platforms,
added value to national and local products, and economic levers, is a
pillar of the sustainable non-oil economy, and a
link that serves Iraq’s neighbors and the region. He added that
Iraq will launch this promising project towards an economic partnership with neighboring countries and the region, which will make Iraq a source of modern industries and goods, and all of this will rely on multimodal corridors, more than 1,200 km of railways, their joint interoperability, and highways.
The Director General of the General Railway Company of the Ministry of Transport, Younis Al-Kaabi, confirmed in a press statement that
“the development road is proceeding at a confident pace, and that
the Supreme Committee discussed in its last meeting the latest developments in the project, as the percentage of railway designs exceeded 76% and the
highway reached approximately 68%, and soil and topographic surveys exceeded 90%.” He stressed that
"the project is receiving international attention, as all countries have a desire to be part, participate or support the project," noting that
"large, reputable international companies have expressed their willingness to work on the project, and this gives more reliability that the project is capable of success."
Economist Dr. Adnan Bahia pointed out in an interview with “Al-Sabah” that
the importance of Iraq lies in its geographical location, a direct link between the Arabian Gulf, Turkey, and then Europe, which qualifies it to be the main and important focal point in issues of commercial connectivity and transit, as well as trade.
He crossed the seas between East and West, thus placing him in the experience of international trade between East and West, the Gulf and Europe. He continued that
after China launched the “Belt and Road” initiative, dozens of countries joined the agreement that revives trade between East and West,
indicating that the “Belt and Road” initiative includes the maritime line represented by trade through ports in the Arabian Sea, the Arabian Gulf and other seas, in addition to land routes. spread in East Asia, then the Middle East towards Europe, expressing his regret that Iraq, for many ill-considered reasons, turned away from this path and did not join the Chinese initiative.
Bahiya considered Iraq’s establishment of an alternative road to the “Belt and Road Initiative,” which is the “development road,” an important initiative, as it links the Arabian Gulf on which it is currently located, and the large Al-Faw port, in which work has reached advanced stages, pointing to the completion of its first phase, which contains Five berths,
in addition to the berths of Umm Qasr Port, Khor Abdullah Port and Al-Zubair Port, all of which are ports that make the country distinguished by the ability to accommodate large ships and deliver goods from the sea to Al-Faw and then to Europe.
He noted the importance of having a new private road with a high capacity to contain large quantities of international trade and unload shipments from ships, and then send them overland to Europe through the “development road” that connects the port of Al-Faw and western Iraq towards the Fish Khabour area on the border between Iraq and Turkey. Close to the Syrian border, then entering Turkey and then to Europe.
For her part, the researcher in economic affairs, Suhad Al-Shammari, in an interview with Al-Sabah, described the “development path” as a qualitative shift in the Iraqi economy, and a new beginning for an important stage, as it brings together important regional partnerships that create common ground that protects interests and develops and maintains relations with neighboring countries.
Al-Shammari added that the development road plays a role in resolving problems and confronting conflicts, as
it is a comprehensive project that starts from the port of Al-Faw and passes through many Iraqi governorates, in addition to transporting passengers and goods more widely and in a shorter time and addresses many problems related to vital sectors in Iraq, stressing that
The strategic project represents Iraq's return to the global platform with a strong economy and expanded investment projects. https://alsabaah.iq/98526-.html
Integrated Projects
Economical 06/26/2024 Walid Khaled Al-Zaidi There is no disagreement about the utmost importance of the issue of integration in implementing development projects and the degree of interconnection between them so that the results are broader in scope, more useful, and of better quality, so that the quality and level of integration become comprehensive and not partial in the form of harmony and interaction in the process that reaches the point of strategic production so that its form has long-term results and is based on implementation.
Multiple projects, such as investing in oil and gas fields and linking them to petrochemical industry projects, and then going further to produce clean energy (for example).
As a matter of objectivity, it must be said that the integrated projects in the field of oil are the most prominent things that can be pushed to be the best examples of this issue,
because oil as a raw material is a necessary raw material for the production of other manufactured materials, as well as gas, some of which is associated with this crude during the extraction operations from The interior of the earth, whether at the level of wells or various fields, as the process of expansion of integration models in oil projects represents a prominent feature because it is a clear and multifaceted indicator of the ability of each country to adopt these projects for development, growth and economic advancement.
Several countries have presented pioneering models in benefiting from the expansion Its projects include extraction stages and then derivation of other materials, leading to the production of materials different from the originally extracted primary material.
Those who follow the situation in Iraq in the field of oil and other mineral resources see an abundance of possibilities for directing the Iraqi economy towards implementing projects with integrated stages, and although this matter requires advanced technology and accumulated experience that makes a difference in production and accommodates various projects,
but those in charge of the Iraqi economy in general and the oil field In particular, they realized the concept of integration in business management and the diversity of its production.
There is no doubt that the focus at the present time is moving towards expanding projects to take advantage of their advantages in product diversity and increasing its activity through additional stages, methods and other complementary processes that can be called project integration and
the addition of new products from The same raw material for what was produced before, which is what the government has currently directed to push towards implementing integrated work in the energy sector and providing means of export for manufactured products to include developing oil and gas fields and linking them to petrochemical projects, clean energy and other materials, and through activating the Al-Faw refinery project as its first stage.
The Al-Faw refinery project will provide means of exporting petroleum products, linked to the petrochemical industries project and a storage project, in addition to many projects that could be complementary and implemented by the Ministry of Oil in multiple regions of the country that have the elements for successful implementation in the governorates of Basra, Maysan, and Dhi Qar.
These projects and others will have a significant impact in achieving Qualitative development and renaissance in the reality of the oil industry and all industries related to it on a broad national scale, based on effective evaluation and productive exchange between the basic units inside Iraq,
in a way that can clearly work on a set of economic measures and transfers, creating close links for promising development, and operating a package of interconnected projects and successive production cycles. To benefit from resources and expand the framework of the benefits of the national economy.
https://alsabaah.iq/98527-.html
To read more current and reliable Iraqi news please visit :https://www.bondladyscorner.com/]
Provoking Thoughts and Points To Ponder On Adversity:
When I was very young, I tried selling used cars. It didn't last long. I guess that was my good luck too, that I didn't show more promise at it, or I might have been an automobile dealer.-King Vidor
Supporting myself at an early age was the best training for life I could have possibly received.-Lea Thompson
In my youth, poverty enriched me, but now I can afford wealth.-Marc Chagall
I'm very grateful that I was too poor to get to art school until I was 21. ... I was old enough when I got there to know how to get something out of it.-Henry Moore
The most valuable gift I ever received was ... the gift of insecurity ... my father left us. My mother's love might not have prepared me for life the way my father's departure did. He forced us out on the road, where we had to earn our bread.-Lillian Gish
http://famousquotesandauthors.com/topics/adversity_quotes.html
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Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8
7 Things You Should Never Do in Retirement
Adam Palasciano Tue, June 25, 2024
Retirement: A magical time of life when you no longer (necessarily) have to work for your money. Instead, decades of hard work coupled with saving and smart investments should mean that your money now works for you.
Careful financial planning can certainly lead you to this outcome. However, there are several things you’ll want to street clear of to ensure that you don’t end up in financial trouble after you call it quits at work.
Here are seven things you’ll want to seriously avoid if you’re approaching retirement or you’re already retired, according to Ameriprise and Think Bank.
7 Things You Should Never Do in Retirement
Adam Palasciano Tue, June 25, 2024
Retirement: A magical time of life when you no longer (necessarily) have to work for your money. Instead, decades of hard work coupled with saving and smart investments should mean that your money now works for you.
Careful financial planning can certainly lead you to this outcome. However, there are several things you’ll want to street clear of to ensure that you don’t end up in financial trouble after you call it quits at work.
Here are seven things you’ll want to seriously avoid if you’re approaching retirement or you’re already retired, according to Ameriprise and Think Bank.
1. Retiring Too Early
Deciding to stop work too early can have long-term implications on how long your money will last you. If it’s clear that you don’t have enough money saved, consider working for a few more years to augment your retirement savings. As a general rule of thumb, it’s important to save at least 15% of your annual income toward retirement throughout your working life — or more, if you can.
2. Overspending
Many people find themselves on a reduced or fixed income in retirement. So, it’s really important to make sure you’re not overspending. Creating a clear budget can help you track where your money is being spent each month, ensure you’re not living above your means, and help you stay out of debt.
3. Taking Social Security Too Early
It’s possible to collect Social Security as early as age 62. However, you’ll only be eligible for a portion of your maximum monthly benefit by doing so. The longer you wait to collect Social Security, the larger your monthly payment will be for life. So, waiting longer can have huge long-term impacts on your cash flow and financial stability.
4. Underestimating Effects of Inflation
You won’t be immune to the effects of inflation just because you’re retired. It’s crucial to consider how even low levels of inflation ranging from 1-2% can erode your purchasing power. It’s best to consult a financial advisor to devise an investment strategy that mitigates the effects of inflation once you’ve stopped working.
5. Underestimating Medical Expenses
To Read More:
https://www.yahoo.com/finance/news/7-things-never-retirement-182405857.html
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Dinar Recaps 20 Dinar Recaps 20
Mot: Men are just happier people......
What do you expect from such simple creatures?
Your last name stays put.
The garage is all yours.
Wedding plans take care of themselves.
Chocolate is just another snack.
You can never be pregnant.
Mot: Men are just happier people......
What do you expect from such simple creatures?
Your last name stays put.
The garage is all yours.
Wedding plans take care of themselves.
Chocolate is just another snack.
You can never be pregnant.
You can wear a white T-shirt to a water park.
You can wear NO shirt to a water park.
Car mechanics tell you the truth.
The world is your urinal.
You never have to drive to another gas station restroom because this one is just too icky.
You don't have to stop and think of which way to turn a nut on a bolt.
Wrinkles add character.
Wedding dress $5000. Tux rental-$100.
People never stare at your chest when you're talking to them.
New shoes don't cut, blister, or mangle your feet.
One mood all the time.
Phone conversations are over in 30 seconds flat.
You know stuff about tanks.
A five-day vacation requires only one suitcase.
You can open all your own jars.
You get extra credit for the slightest act of thoughtfulness.
If someone forgets to invite you,
He or she can still be your friend.
Your underwear is $8.95 for a three-pack.
Three pairs of shoes are more than enough..
You almost never have strap problems in public.
You are unable to see wrinkles in your clothes..
Everything on your face stays its original color.
The same hairstyle lasts for years, maybe decades.
You only have to shave your face and neck.
You can play with toys all your life.
One wallet and one pair of shoes -- one color for all seasons.
You can wear shorts no matter how your legs look.
You can 'do' your nails with a pocket knife.
You have freedom of choice concerning growing a mustache.
You can do Christmas shopping for 25 relatives
On December 24 in 25 minutes.
No wonder men are happier.
~~~~~~~~~~
NICKNAMES
· If Laura, Kate and Sarah go out for lunch, they will call each other Laura, Kate and Sarah.
· If Mike, Dave and John go out, they will affectionately refer to each other as Fat Boy, Bubba and Wildman .
EATING OUT
· When the bill arrives, Mike, Dave and John will each throw in $20, even though it's only for $32.50. None of them will have anything smaller and none will actually admit they want change back.
· When the girls get their bill, out come the pocket calculators.
MONEY
· A man will pay $2 for a $1 item he needs.
· A woman will pay $1 for a $2 item that she doesn't need but it's on sale.
BATHROOMS
· A man has six items in his bathroom: toothbrush and toothpaste, shaving cream, razor, a bar of soap, and a towel.
· The average number of items in the typical woman's bathroom is 337.
A man would not be able to identify more than 20 of these items.
ARGUMENTS
· A woman has the last word in any argument.
· Anything a man says after that is the beginning of a new argument
FUTURE
· A woman worries about the future until she gets a husband.
· A man never worries about the future until he gets a wife.
MARRIAGE
· A woman marries a man expecting he will change, but he doesn't.
· A man marries a woman expecting that she won't change, but she does.
DRESSING UP
· A woman will dress up to go shopping, water the plants, empty the trash, answer the phone, read a book, and get the mail.
· A man will dress up for weddings and funerals.
NATURAL
· Men wake up as good-looking as they went to bed.
· Women somehow deteriorate during the night.
OFFSPRING
· Ah, children. A woman knows all about her children. She knows about dentist appointments and romances, best friends, favorite foods, secret fears and hopes and dreams.
· A man is vaguely aware of some short people living in the house.
THOUGHT FOR THE DAY
A married man should forget his mistakes. There's no use in two people remembering the same thing!
SO, send this to the women who have a sense of humor and can handle it .... and to the men who will enjoy reading it
**********.
Mot ..... everyday -- its Amazing -- Everyday !!!!!
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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20
KTFA: Clare: Al-Sudani: Iraq has become a safe and attractive environment for capit
6/26/2024 Prime Minister Muhammad Shiaa Al-Sudani confirmed: “Iraq has become a safe and attractive environment for capital from international companies, and a preferred market for businessmen and investors.”
During his presidency of the eighth meeting of the Supreme Committee for Reconstruction and Investment, Al-Sudani stressed the necessity of not slowing down or delaying in making decisions that are compatible with the economic reform approach LINK
KTFA:
Clare: Al-Sudani: Iraq has become a safe and attractive environment for capital
6/26/2024
Prime Minister Muhammad Shiaa Al-Sudani confirmed: “Iraq has become a safe and attractive environment for capital from international companies, and a preferred market for businessmen and investors.”
During his presidency of the eighth meeting of the Supreme Committee for Reconstruction and Investment, Al-Sudani stressed the necessity of not slowing down or delaying in making decisions that are compatible with the economic reform approachLINK
************
Clare: What is the importance of Iraq joining international agreements?
The Chairman of the National Investment Commission, Haider Makiya, stressed today, Wednesday, the importance of Iraq joining international agreements to enhance the investment sector, noting that Iraq has provided real guarantees to attract foreign investments.
Makiya said, in his speech, during the launch of the National Investment Commission conference in cooperation with the United Nations Development Programme, that “Iraq’s accession to the International Settlement Agreement resulting from international mediation and disputes that was signed in 2024, will contribute to achieving the goals of sustainable development and encouraging the increasing use of international mediation as a means.” Effective for settling cross-border disputes, for the purpose of maintaining trade and investment relations between the parties involved in the investment process.”
He added, "This agreement has a pivotal dimension, foremost among which is finding an alternative method to litigation procedures before international arbitration bodies in disputes arising from investment, especially since Iraq joined in 2015 the International Center for the Settlement of Investment Disputes between States and Citizens of Other Countries, and this "It will give foreign investors the right to resort to the Washington Center."
He continued, "Also, the Republic of Iraq's accession to the New York Convention on the Recognition of Foreign Judgments of 1958 means completing all the necessary legislative environment to provide real guarantees and protection for foreign investors, and this will reflect positively on attracting foreign capital to Iraq, which aims at the construction and reconstruction process, and will raise Iraq's classification." .
He explained, "This agreement enhances the Iraqi investment reality, because it includes many international and qualitative strategic investment opportunities that impose contracts with specialized foreign companies for investment purposes. This requires Iraq to provide legal protection to those companies by resolving disputes in the event that they arise from investment contracts that It is imposed by state institutions on these companies, which prefer to resort to international arbitration to guarantee their rights, as stipulated in Article 27 of Investment Law No. 13.”
He pointed out, “Iraq’s accession to the International Mediation Agreement (Singapore Agreement) is necessary to attract foreign investments and achieve intended development, especially in light of Iraq’s transformation and dependence on a free market economy. This agreement will also create a legal framework that allows reliance on agreements.” The settlement resulting from mediation is easily implemented by all countries.”
Makiya stressed that “the legal department at the National Investment Authority and the investment authorities in the governorates will work to include international investment contracts by relying on mediation mechanisms in investment-related disputes before resorting to international arbitration, which will send a message of reassurance to foreign investors and foreign companies in order to proceed with resolving disputes.” related to these contracts, is easier than entering into international commercial arbitration procedures.”
He pointed out that "the Republic of Iraq's accession to the International Commercial Arbitration Convention and the Singapore Mediation Convention, in addition to concluding many agreements to encourage and protect mutual investments between Iraq and many international countries, made Iraq occupy the fourth place in the classification of foreign direct investment."
And the best emerging markets to invest in 2024.”
He stressed that "the noticeable improvement in the investment climate in Iraq comes as a result of government efforts made to strengthen the economic and investment sector, in attracting foreign investments," calling on foreign companies, foreign investors and businessmen to "visit Iraq to learn about the investment opportunities included in the investment map, and to attend the forum."
"Iraq Investment Bank, which will be held next November, will launch more than 100 investment opportunities with integrated approvals, and review the benefits and guarantees that the investment law will provide to investors." link
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat She [my CBI contact] said that her committee was directed to be ready in June and did plan in June to begin the project to delete the zeros but the Central Bank as not yet received the assurances needed in writing from the US Treasury that they would support us fully all the way through the process. To me this meant to conduct the project to delete the zeros, swap out the notes and then onward to the reinstatement of the dinar. I was assured I was correct in my thinking. I already knew this as this was all in the Dr Shabibi plan anyway. This was just a confirmation that they are still closely following this part of the plan anyway... the US is still holding back and not fully supporting the financial reforms and the events that were supposed to happen at the end of the second phase of the reform process. [Post 1 of 2....stay tuned]
Mnt Goat So as investors where do we stand with the RV? Based on this information from my Saturday call to Iraq, I will summarize it for you. We are still waiting for the US to give assurances. The project to delete the zeros was scheduled for June and we will still have a week remaining in June. This is all I know and can tell everyone at this point... But I will tell you that I was told last month that for us to see the RV, there was only two phases and that they were completing the 2nd phase in June. So go figure… What would you now think? [Post 2 of 2]
**************
The US Is About To Be Blindsided By Saudi Arabia And China
Atlantis Report: 6-26-2924
There has been a significant change happening in the global economic and geopolitical landscape.
The United States, traditionally a dominant force, is facing a challenge from an unexpected partnership between Saudi Arabia and China.
Motivated by their own economic and strategic goals, these two countries have been quietly working together.
Their growing alliance will disrupt the current power balance and force the U.S. to make a huge adjustment to its approach.
The U.S. dollar has been the primary currency used in the global oil trade for many years. This was supported by an agreement in which Saudi Arabia, a major oil exporter, exclusively sold oil in dollars.
This arrangement, known as the "petrodollar" system, has been crucial in maintaining U.S. economic strength by ensuring a steady global demand for the dollar and U.S. Treasury securities.
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Economics, News DINARRECAPS8 Economics, News DINARRECAPS8
News from the Seeds of Wisdom Team Newshounds Wednesday Afternoon 6-26-24
Good Evening Dinar Recaps,
CBDC is future of money; no competition with UPI: RBI Governor “The future of money is CBDC and it’s not in competition with UPI. CBDC and UPI will coexist,” Das said during his address at the 188th Annual General Meeting of the Bombay Chamber of Commerce and Industry. The bank has started incorporating new features into the new currency so that one can program even the conditions of their CBDC transfers.
News from the Seeds of Wisdom Team Newshounds Wednesday Afternoon 6-26-24
Good Evening Dinar Recaps,
CBDC is future of money; no competition with UPI: RBI Governor
“The future of money is CBDC and it’s not in competition with UPI. CBDC and UPI will coexist,” Das said during his address at the 188th Annual General Meeting of the Bombay Chamber of Commerce and Industry.
The bank has started incorporating new features into the new currency so that one can program even the conditions of their CBDC transfers.
Read more:Currency Insider
~~~~~~~~~
CBDCs can improve cross-border payments, financial inclusion in the Middle East: IMF
Cross-border payments are one of the key areas CBDCs can improve, the Washington-based lender of last resort says. Oil exporters in the region have been grappling with cross-border inefficiencies for decades. Existing solutions like Buna, a multi-currency cross-border payment system, have failed to make the expected impact.
“CBDCs that address these inefficiencies could significantly cut transaction costs,”the IMF said.
The most advanced cross-border CBDC project in the Middle East is mBridge, which includes the UAE and, as of this month, Saudi Arabia. mBridge, which also includes China, Hong Kong, and Thailand, entered the MVP stage recently.
Read more:Currency Insider
~~~~~~~~~
Dollar inches up against dong
Globally, the dollar was firm on Wednesday and trading on the precipice of the 160 yen barrier as investors turned cautious and counted down to the release of U.S. price data at the end of the week, Reuters reported.
At 159.78 per dollar, the yen's level has markets on alert for intervention since that is only a whisker shy of where Japanese authorities likely stepped in to buy yen in April.
The dollar index, which measures the U.S. unit against six peers, was steady at 105.64, while the euro was at $1.0715.
Read more:Vietnam Express
~~~~~~~~~
What It Means to Be Regulated by FINRA
Have you ever wondered who protects investors—and how? If you invest, it can pay to know about FINRA, the Financial Industry Regulatory Authority. FINRA is a not-for-profit organization authorized under the federal securities laws and registered with the Securities and Exchange Commission (SEC). Alongside the SEC, FINRA oversees U.S. member broker-dealers and their personnel, including individuals who recommend or sell securities products to the public. FINRA’s mission is protecting you, the investor, and ensuring the integrity of our country’s securities markets.
Read more:FINRA
~~~~~~~~~
XRP Bullish Cues Could Help Token Rally 91% In July
One of the bullish cues in XRP’s favor was Ripple receiving approval from the Dubai Financial Services Authority (DFSA) for use in the Dubai International Financial Centre (DIFC).
This milestone enhances the DIFC’s digital asset ecosystem by enabling licensed virtual asset companies to integrate XRP into their services.
Dubai’s Regulatory Advancement
As the first external virtual asset to gain regulatory clearance within DIFC’s framework, the approval marks a crucial step in the global adoption of XRP.
Read more:CoinChapter
~~~~~~~~~
mica
Markets in Crypto-Assets Regulation (MiCA) |ESMA Europa
~~~~~~~~~
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calls, Chats and Rumors DINARRECAPS8 calls, Chats and Rumors DINARRECAPS8
Bruce’s Big Call Dinar Intel Tuesday Night 6-25-24
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It is Tuesday, June 25th and you're listening to the big call. Thank you for tuning in, wherever you are, all over the globe, we're happy to have you here. We're looking forward to having a very good call tonight, and we just, I'm looking forward to spreading out whatever information we have to you. So in the meantime, let's pray the call in.
Okay. Thank you, Bob. There we are, three minutes to 10. This is, this is interesting when we get to this point, when we get to the point when things are very quiet, which they are, again, not totally quiet, but mostly quiet we know that we're close, and we know that we're this is about to go
Bruce’s Big Call Dinar Intel Tuesday Night 6-25-24
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It is Tuesday, June 25th and you're listening to the big call. Thank you for tuning in, wherever you are, all over the globe, we're happy to have you here. We're looking forward to having a very good call tonight, and we just, I'm looking forward to spreading out whatever information we have to you. So in the meantime, let's pray the call in.
Okay. Thank you, Bob. There we are, three minutes to 10. This is, this is interesting when we get to this point, when we get to the point when things are very quiet, which they are, again, not totally quiet, but mostly quiet we know that we're close, and we know that we're this is about to go
Now on Saturday, redemption center staff everywhere had a two and a half hour Vimeo call. Don't know what was discussed. We don't have that information that that took place last Saturday, and then we know that redemption center staff went in for four hours on Monday, Two people, and they overlapped by one hour, so essentially, four hours with an over 7 hr total. And they stayed and stayed, thinking that the 800 members might have come out, and they would have received that information in an email from Wells Fargo.
Well, that did not occur. Our understanding is now that tomorrow is looking very good for us, since we did not get 800 numbers today, it's looking very good to get them tomorrow. In fact - This is coming from the redemption center Head, herself, fully expecting us to be notified tomorrow.
Now, another strong source has suggested that the timeline, or the window for us to get notified is from sunset tonight, which was a few hours ago, all the way to mid morning tomorrow.
So that narrows it down, and it also opens up the possibility of us getting emailed overnight and waking up to it. That's a possibility, not saying that's what's going to happen, but it certainly looks possible for us to get emails and do that.
I mean, when you get right down to it, there's not a whole lot else that all of us are interested in right now. But when are we going to receive our toll free numbers? And that's the latest information we have all the way through tonight. On the Big Call –
Now you guys have heard me talk occasionally about a contract rate on the Iraqi dinar –
First let's talk about whether or not the budget for Iraq for 2024 placed in the Gazette yet and the answer is no, but it could quite possibly be published tomorrow in the Gazette. Saturday and Wednesday are the normal publishing days. Doesn't mean it couldn't go another day or a different day, but Tomorrow is Wednesday, and that's very possible that we get the budget printed in the Gazette tomorrow. I
The other thing is, regarding contract rates - we've talked briefly about the fact that the contract rate on the dinar is very high. It is tied to a per barrel price of oil that Iraq is selling to, for example, Turkey or other nations it's tied to that. And the latest thing I got yesterday was that the contract rate on dinar will be offered to all US citizens who have dinar, which is really quite nice. You don't have to ask.
Now, if you're not a US citizen, I think you'll end up with the rate that is on the screen at the redemption center. Okay, the rates are on the screen. They're still trading up. They're moving up. And I think the Dong is there at a at a decent rate, not quite as high as I think but it may be getting to – we will see where that one ends up. But now this is getting down to it. I think we have a very good possibility of getting notified overnight or tomorrow, and then we'll take it from there,
Obviously - probably we’ll set our appointments - probably begin exchanges, either, you know, Wednesday afternoon, evening or Thursday. Don't know which it's going to be, yet, we're just going to see what what happens. Let's see if there's anything else that's pertinent. I would say just, you know, bring your identification, export photo ID, driver's license, student ID, government issued ID.
Bring that also bring one or two utility bill, your gas bill or electric bill, or your phone bill, cell phone bill, something like that with your name and address on it, bring that as proof of your residency and be ready for this thing to go quickly.
Things are going to go in for 35 minutes. And if you have tons of currency and a lot of bonds, let them know when you set your appointment that you have bonds, and they'll prepare somebody that can take care of your bonds when you go in for your appointment - okay. So be that also beware of that -
Okay, so that's really about all I wanted to say tonight. Let's go ahead and pray the call out, and then we'll see what God brings to us,
Bruce’s Big Call Dinar Intel Tuesday Night 6-25-24 REPLAY LINK Intel Begins 51:21
Bruce’s Big Call Dinar Intel Thursday Night 6-20-24 REPLAY LINK Intel Begins 1:02:10
Bruce’s Big Call Dinar Intel Tuesday Night 6-18-24REPLAY LINK Intel Begins 1:01:50
Bruce’s Big Call Dinar Intel Thursday Night 6-13-24 REPLAY LINK Intel Begins 1:09:00
Bruce’s Big Call Dinar Intel Tuesday Night 6-11-24REPLAY LINK Intel Begins 1:02:50
Bruce’s Big Call Dinar Intel Thursday Night 6-6-24REPLAY LINK Intel Begins 50:20
Bruce’s Big Call Dinar Intel Tuesday Night 6-4-24 REPLAY LINK Intel Begins 56:00
Bruce’s Big Call Dinar Intel Thursday Night 5-30-24 REPLAY LINK Intel Begins 1:04:40
Bruce’s Big Call Dinar Intel Tuesday Night 5-28-24REPLAY LINK Intel Begins 1:08:00
Bruce’s Big Call Dinar Intel Thursday Night 5-16-24 REPLAY LINK Intel Begins 1:09:09
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Dinar Recaps 20 Dinar Recaps 20
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
Coffee with MarkZ and Andy Schectman. 06/26/2024
Member: Good Morning! May today be filled with extreme blessings
Member: With everyone saying July 4th-8th…thinking it might be earlier like Kuwait?
MZ: I’m thinking that is a possibility…we just don’t know.
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
Coffee with MarkZ and Andy Schectman. 06/26/2024
Member: Good Morning! May today be filled with extreme blessings
Member: With everyone saying July 4th-8th…thinking it might be earlier like Kuwait?
MZ: I’m thinking that is a possibility…we just don’t know.
Member: MARK Z. It’s my belief we will get notifications before they post in the Gazette paper. We’re close!
Member: The morning Kuwait’s RVcame out it wasn’t posted in their gazette either, in fact the opposite! They said 6months to 3 years in the gazette then boom around 10:30 it was announced!!!
Member: Frank26 thinks it's time…
MZ: I’m hearing the same rumors…I’m just trying to keep calm and not share as much.
Member: Walking stick thinks it’s time
MZ: It is. We don’t know the exact timing…..but they are prepared. They are sowing misinformation to cloud the timing…..but everyone is prepared. If they didn’t think it was going soon…bankers would not have wasted their time preparing at all.
Member: July 8th will be 120 days out from November 5 election day
Member: Mike Bara and Jen Monday morning intel said the holdup for the RV is the US?
Member: Rod Steel estimate IQD $ 4.00 plus range 06/25/24. Paris Treaty non taxable exchange. IRS trying to change it . $ 80 a barrel in Gazette soon change.
Member: Rod Steele also said that the U.S Treasury has already printed extra money for us, which currency did they print? The new USN’s or the current fiat greenbacks???
Member: Mark -New Japanese Yen coming out on July 3rd
MZ: Today all the normal rumors are running crazy. There are more confirmations on old ATM’s Shut down (In Iraq?) …There are rumors of Columbia and Brazil with historic bond movement….but I don’t think they are accurate because I think they will all go at one time.
Member: BUT the currency in the new ATMs is basically worthless without the RV, correct?
MZ: Some positive things from some of my bond contacts that they are expecting funds late this week. (again) But we have been here before. Some say Thursday…Some say Friday.
MZ: I am trying to focus mostly on what we hear from Iraq.
Member: Anyone else think that the US may already be in Brics, it just hasnt been announced yet?
Member: No- I think the cabal is hanging on the fiat system by the skin of their teeth….and will try to stop the US going gold backed at any cost. They do not give a rat’s a** about any US citizens.
Member: If Japan and many others dump their Treasury bonds, and all that money comes home to flood the market……it’s bad news for the dollar value.
Member: What countries do you think could be in the second basket.
MZ: I’m thinking some African countries , Mongolia and Afghanistan, . We will talk about it more when we get there.
Member: We got our IQD in Iraq and have been waiting (im)patiently since 2003 for it to do what Kuwait did. Lol
Member: I hope these rumors are true! It's going to be so wonderful being able to do good things and have a better life. Thank you Mark.
Member: I've been in this for 14 years. My wife has known about it for one year July 1. I should never said anything because now she's the impatient one.
Member: It will happen when we least expect it!!!
Andy Schectman from Miles Franklin joins the stream today. Please listen to the replay for his information and opinions.
Mark's Backup Channel, the Trolling News Network https://www.youtube.com/channel/UCqWI...
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.
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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20
TNT: Tishwash: Parliamentary Law: Laws awaiting legislation in the next legislative term
Today, Wednesday, the Parliamentary Legal Committee revealed the laws that could be enacted during the next legislative term, while confirming that the drug and drug laws are at the top of these laws.
Committee member Raed al-Maliki told the Maalouma Agency, “There are many important laws waiting to be passed during the next legislative term, most notably the drug, landlord, and intelligence laws.”
He pointed out that "service and economic laws will see the light of day, noting that there are some proposals submitted by representatives that will be included on the Council's agenda during the next legislative term."
He continued, “There is a desire to pass the service and retirement law for members of the Popular Mobilization Forces, in addition to amending the Personal Status Law.” link
TNT:
Tishwash: Parliamentary Law: Laws awaiting legislation in the next legislative term
Today, Wednesday, the Parliamentary Legal Committee revealed the laws that could be enacted during the next legislative term, while confirming that the drug and drug laws are at the top of these laws.
Committee member Raed al-Maliki told the Maalouma Agency, “There are many important laws waiting to be passed during the next legislative term, most notably the drug, landlord, and intelligence laws.”
He pointed out that "service and economic laws will see the light of day, noting that there are some proposals submitted by representatives that will be included on the Council's agenda during the next legislative term."
He continued, “There is a desire to pass the service and retirement law for members of the Popular Mobilization Forces, in addition to amending the Personal Status Law.” link
************
Tishwash: Southern anger escalates... protests and closure of government headquarters
Several Iraqi governorates witnessed, on Wednesday morning, demonstrations demanding the provision of basic services, including water and electricity.
In a new escalation of protests in Dhi Qar Governorate, demonstrators closed the governorate’s office building and its council, until demands were met, according to video scenes obtained by Shafaq News Agency.
As for Babylon, dozens of residents of the Khamisiyah and Al-Ghazali areas demonstrated in front of the Babylon Governorate Office, to demand the provision of water to their areas, which suffer from unprecedented scarcity.
The water crisis forced residents to abandon their areas and the agricultural and livestock wealth in the most important agricultural areas south of Babil Governorate was completely destroyed.
The capital, Baghdad, woke up to the launch of two demanding demonstrations in Tahrir Square and in front of the Provincial Council building.
According to Shafaq News Agency correspondent, dozens of “whose appointments were canceled and those fleeing from the Ministry of Defense” gathered in Tahrir Square, to demand their return to service.
In a second demonstration, dozens of educators and administrators gathered near the Baghdad Provincial Council, to demand the issuance of an appointment order for them.
Iraq has been suffering from a chronic electricity shortage for decades, as a result of the siege and successive wars, and residents have been protesting for many years the frequent power outages, especially during the summer, when temperatures sometimes exceed the 50 degree Celsius barrier. link
************
CandyKisses: Al-Amiri calls for the removal of foreign forces from Iraq
Baghdad - Iraq Today:
The head of the Nabnani Alliance, Hadi Al-Amiri, during his meeting with French Ambassador Patrick Dorrell, stressed the need for the international coalition forces to leave Iraq.
A statement by the media office of the head of the Nabnani Alliance said that "Amiri received Dorrell, and the meeting discussed many files, most notably the development of relations between the two countries in all fields, especially the economic aspect, especially after the improvement of the security situation and stability, which encourages French companies and their arrival to work and invest in Iraq."
According to the statement, the two sides also discussed the file of the presence of the international coalition, and Al-Amiri stressed the need for all its forces to leave Iraq to achieve full national sovereignty. The meeting also discussed the aggression on Gaza, and Amiri stressed the need to stop Western support for the Zionist massacres and the war of extermination of the Palestinian people.
************
Tishwash: A representative points out 7 controversial points that stand before the legislation of the oil and gas law
Member of the Parliamentary Oil and Gas Committee, Representative Ali Al-Mashkoor, confirmed on Tuesday that seven points of contention between the region and the center stand before the legislation of the oil and gas law, indicating that the seven points are administrative and technical.
Al-Mashkoor said in a statement to the Maalouma Agency, “The dialogues between the center and the region regarding agreement on the oil and gas law are still continuing between the technical and administrative committees to discuss the paragraphs of the law proposed by both sides.” “
He added, "The disputed legal materials are summarized in seven points and are distributed between administrative and technical, the most prominent of which is the region's demand to include a clause in which the right of objection (veto) on decisions should be in a small percentage, and this matter is unacceptable by the center.”
Al-Mashkoor pointed out that “no decision can be issued except in the interest of the region at the expense of the general interest of the country.”link
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Mot: .. and Then I ~~~~~~
Mot: .. Bummer -- I Do!!!
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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20
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.
RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 26 June 2024
Compiled Wed. 26 June 2024 12:01 am ESTby Judy Byington
Mon. 24 June 2024: The Federal Reserve has been hacked and over 33 TB of data is now missing!
Global Currency Reset: (Rumors and Opinions)
Tues. 25 June 2024 Wolverine: What I have been told by my Brazil contact:
Payments have started, some are getting paid, and they are all under NDA.
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.
RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 26 June 2024
Compiled Wed. 26 June 2024 12:01 am ESTby Judy Byington
Mon. 24 June 2024: The Federal Reserve has been hacked and over 33 TB of data is now missing!
Global Currency Reset: (Rumors and Opinions)
Tues. 25 June 2024 Wolverine: What I have been told by my Brazil contact:
Payments have started, some are getting paid, and they are all under NDA.
There is a platform paying by crypto and they are about to kick off I think it is “oxygen” (extra dollars so they can de-stress). That is what I am hearing.That is definitely 100% happening for them to be paid on that platform.
Another source says it is going to be this week.
They are adamant, but some say right after Thurs. 4 July.
Many of you cannot wait any longer as you are hanging on by a thread.Let us all pray to God that we will have the green light to move forward with our lives.
I am praying that by tomorrow we will get news from Reno and I will get that miracle call I am waiting for.Take Care, Wolverine
~~~~~~~~~~
Tues. 25 June 2024 TNT: “Every single source says it’s done and we await the go signal. So we wait. Sunday is celebration day.”
Tues. 25 June 2024 MarkZ: I am getting inundated with bank contacts telling me to expect that things have already started …but coming to fruition in banks after the 4th of July. With a rollout in the days immediately following. I believe the 4th is on a Thursday this year… so I was told the roll out around the 6th and 7th. That is the rumor. Remember, we don’t know the timing.I am sure getting a heck of a lot from the banking side that things are now moving quickly and that is what they are preparing them for.
Read full post here: https://dinarchronicles.com/2024/06/26/restored-republic-via-a-gcr-update-as-of-june-26-2024/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick You can stop asking question about the budget. It's all there. Concerning the tripartite budget, everything...all the projects...cities, new exchange rate, lower notes, ATM machines, contracts, everything, it is all there...It is a fact...The GOI has the budget and they have they new exchange rate from the CBI.
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Saleh on television saying the third strategy phase that we're in right now with the CBI...is a new methodology that will enhance Iraqi financial and banking reform which will make the bank stronger locally and internationally. FRANK: It's the new exchange rate and the lower notes...I believe the words Sudani is using with the CBI are words that tell the citizens there is a new exchange rate in the budget without saying those words directly...
************
TNT:
MP calls for investment on Friday and Saturday in reconstruction and construction due to the large number of holidays
Baghdad - Iraq Today:
Member of the House of Representatives Thaer Al-Shuwaili said that Friday and Saturday should be invested for the reconstruction of the country, while he was indignant at the large number of holidays announced by the government from time to time.
Member of Parliament Thaer al-Shuwaili said, "The frequent disruptions affect the administrative system in general and not only the Iraqi economy, as Iraq is today going through a stage of construction and reconstruction, and Alan has begun to recover from the effects of wars and neglect."
He noted that "Friday and Saturday are supposed to be invested in construction for advanced stages." "There are many occasions and days that deserve to be declared official holidays, especially on important occasions," he said.
"All Iraqis are affected by the disruption, especially those groups who are sustenance on a daily basis, especially at this stage that accompanies the high cost of living," al-Shuwaili said. He pointed out that "most citizens are happy to announce official holidays in the country, and this situation is not true."
He stressed that "time is very important, as the phenomenon of frequent holidays we see only in Iraq, as citizens in the global system outside Iraq have a capitalist ideology to invest time to build their country."
He warned that "official working hours are suspended when temperatures rise in the country, and this is not in the interest of Iraq and its economy, and even at the level of social networking sites, we may find that the public can by pressuring local governments in each province to disrupt the official working hours, and the governor's opinion is moved through their demands."
He continues, "There must be a vision and a study of the extent to which these holidays affect the country, its economy and its systems, so at least working hours in departments and institutions must be compensated when official working hours are suspended."
************
US Economy on the verge of collapse: The Rise and Fall of the Empire
Fastepo: 6-26-2024
The United States has long been recognized as an economic superpower and a global leader. However, this dominant position has faced significant challenges in recent years, particularly due to the rapid economic growth of China.
In this video, we will explore the historical trajectory of the U.S. economy, examining how it evolved from a leading global economy through various challenges to its current state, where it grapples with a national debt crisis and the trend of de-dollarization.
We will trace the ups and downs of the U.S. economy, from its post-World War II boom to the economic turmoil of the 1970s, the technological advancements and economic growth of the 1990s, and the significant setbacks during the 2008 financial crisis.
We will also delve into the recent impacts of the COVID-19 pandemic, which caused a severe economic contraction and led to unprecedented government stimulus measures.
Today, the U.S. faces a mounting national debt, which has surpassed $31 trillion, and increasing calls for de-dollarization from emerging economic powers. These issues pose substantial risks to the U.S.'s economic stability and its position in the global financial system.
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Economics, News DINARRECAPS8 Economics, News DINARRECAPS8
Global Economic News from the Seeds of Wisdom Team Newshounds Wednesday AM 6-26-24
Good Morning Dinar Recaps,
Why the French and UK elections matter for investors As two of Europe’s three largest economies head to the polls, what are markets telling us about the political landscape? Goldman Sachs Research’s Sharon Bell and George Cole explain how France’s looming parliamentary elections are affecting French stocks and bonds, while UK financial markets have been relatively stable ahead of the country’s general election.
Global Economic News from the Seeds of Wisdom Team Newshounds Wednesday AM 6-26-24
Good Morning Dinar Recaps,
Why the French and UK elections matter for investors
As two of Europe’s three largest economies head to the polls, what are markets telling us about the political landscape? Goldman Sachs Research’s Sharon Bell and George Cole explain how France’s looming parliamentary elections are affecting French stocks and bonds, while UK financial markets have been relatively stable ahead of the country’s general election.
Read more:Goldman Sachs
~~~~~~~~~
China’s currency is not as influential as once imagined Its share of international reserves has stalled
Chinese officials seem pleased with the yuan’s recent progress as a global currency. The international monetary system is diversifying at an accelerating pace, said Pan Gongsheng, the governor of China’s central bank, in March. The yuan has become the fourth-most active currency in global payments, he noted. In trade finance, it now ranks third. And according to the central bank’s data, about half of China’s transactions with the rest of the world (for financial assets, as well as goods) are now settled in yuan.
Read more:Economist
~~~~~~~~~
India digital currency transactions slump after reaching initial c.bank target, sources say
Usage of India's digital currency, the e-rupee, has slumped to just a tenth of the peak hit in December, four sources said, reflecting the struggles several countries have experienced in trying to generate public support for digital currencies.
The achievement came only after banks were asked to push up transactions by offering incentives to retail users and disbursing a portion of bank employees' salaries using the e-rupee.
But now that the push has diminished, daily transaction numbers have fallen to about 100,000, said two of the sources, who are directly involved in the pilot.
This shows there is little organic demand to use the e-rupee, said a third source, a banker involved in the project.
Read more:Reuters
~~~~~~~~~
Fed’s Bowman ready to hike interest rates again if inflation disappoints
A rate-setter at the US Federal Reserve raised the possibility that interest rates could be raised even higher if progress on defeating inflation was not maintained.
At an event in London, Michelle Bowman, a rate-setter at the Fed, said she was “willing to raise” interest rates again “should progress on inflation stall or even reverse”.
Read more:City AM
~~~~~~~~~
Central Banks Urged to Adapt Rapidly to AI Advances, Says BIS Report
The Bank for International Settlements (BIS) has emphasized the urgent need for central banks to elevate their efforts in addressing the transformative impacts of artificial intelligence on global economies and financial systems. This comes from a detailed report published by BIS, highlighting the rapid advancements and potential disruptions brought about by generative AI technologies, such as large language models like ChatGPT.
The report, from the Financial Times, underscores the awareness among global financial authorities about the necessity to keep pace with the innovations driven by AI. According to the BIS, which provides banking services to central banks worldwide, AI is poised to be a “game changer” across various activities, significantly influencing the broader economy and financial landscape.
Read more:PYMNTS
~~~~~~~~~
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Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8
Ex-Millionaires Are Revealing How They Lost All Their Money, And I'm Actually Speechless
BuzzFeed Tue, June 25, 2024
Reaching millionaire status is a feat people dream of achieving. But unfortunately, having millions of dollars doesn't mean you're invincible, as evidenced by redditor u/HypnoticMushrooms, who asked people to share how they or someone they knew became an "ex-millionaire." I'm genuinely surprised at how some of these people weren't responsible with their money. Here are some of the most insightful stories:
1."COVID-19. I built a business that was given a valuation of a few million back in January, but the industry went down, and I'm doing all I can now to avoid bankruptcy."
Ex-Millionaires Are Revealing How They Lost All Their Money, And I'm Actually Speechless
BuzzFeed Tue, June 25, 2024
Reaching millionaire status is a feat people dream of achieving. But unfortunately, having millions of dollars doesn't mean you're invincible, as evidenced by redditor u/HypnoticMushrooms, who asked people to share how they or someone they knew became an "ex-millionaire." I'm genuinely surprised at how some of these people weren't responsible with their money. Here are some of the most insightful stories:
1."COVID-19. I built a business that was given a valuation of a few million back in January, but the industry went down, and I'm doing all I can now to avoid bankruptcy."
2."I dated a guy who unexpectedly inherited $6 million. His parents had been killed in a drunk driving accident when he was a baby, and so their life insurance and money from a legal settlement sat in an account collecting interest for 18 years. He got a call from a lawyer on his 18th birthday, and that's how he found out about it. He went nuts. Every time I saw him, he had a new car.
He bought an extravagant house and insisted on taking these big vacations. He would go to our local comic shop and buy EVERYTHING. His spending was a major factor in why we broke up. It was all too much, watching him blow through money like that. He didn't invest any of it. He blew through all his money in five years. Last I saw him on Facebook, he was destitute."
3."I built a business worth around $3 million, had a house worth $1.4 million, investments worth more than $2 million, and had four nice cars. Divorce laid me low. An ex-wife, a lawyer, and a judge stripped me of at least 75% of that. I was left with a Miata race car, a bit of money, and 51% of my company.
And I still had to pay alimony. I gave up. I negotiated my way out of alimony by giving up more of the company and liquidating everything else.
I bought a boat and fucked off. 26 months later, I sailed back into my life and started over. I've earned enough to live a modest retirement, and that's where I am today. Don't get married, boys. I've done it twice. The first time was a disaster, and the second time was an annoyance. Just my opinion and experience."
4."A family member of mine did very well in tech. He was an incredibly smart physicist but a horrible businessman. He retired, having made his millions, then bought a beautiful antique yacht. 10 years later, he's in debt and has struggled to sell the boat for years. His family is so pissed at him. TL;DR: don't buy a boat.
5."I was close to being a millionaire after selling my company to a bigger competitor. I reinvested most of it since I didn't have much use for the money, but then I got scammed for about half a million on buying some real estate.
I basically bought a fantastic holiday destination facility from someone who did not own said fantastic holiday destination facility. And by 'bought,' I mean that I'd put a substantial down payment to keep other interested parties at bay. Classic."
6."My grandfather died and left everything to my mom. Then, my father died and left everything to my mom. Mom always thought she was a smart gambler that would win. As proof, she won maybe $25k from the lottery once and went out and bought a car. After that, she was hooked. When Dad was alive, he didn't let her gamble; he kept it under control. After he died, my mom found a boyfriend — a former bookie who was a 'professional' gambler.
They used to like going to casinos, squandering every penny and more. Then, my mom sold the big house for another $500k and bought a small condo. She took out a home improvement loan for it for $50k, but no improvements were ever made. Casinos and lottery tickets. A cool million or two gone."
To Read More
https://www.yahoo.com/finance/news/ex-millionaires-revealing-lost-money-025602453.html
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IQD Update-Iraqi Dinar-2024 Budget Deficit is Hypothetical-A surplus is why-Sovereign Funds fill it
MilitiaMan and Crew:
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
IQD Update-Iraqi Dinar-2024 Budget Deficit is Hypothetical-A surplus is why-Sovereign Funds fill it
MilitiaMan and Crew:
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
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Dinar Recaps 20 Dinar Recaps 20
KTFA Tuesday Night Conference Call
FRANK26….6-25-24…..IT’S TIME
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#
KTFA
Tuesday Night Conference Call
FRANK26….6-25-24…..IT’S TIME
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#
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