News DINARRECAPS8 News DINARRECAPS8
Parliamentary Wealth: Oil And Gas Law Stalled In Government Halls
Economy Information / Baghdad.. Deputy Chairman of the Oil, Gas and Natural Resources Committee, Nehru Rawandozi, revealed today, Wednesday, the latest developments related to the legislation of the oil and gas law according to the political agreement between Baghdad and Erbil.
Rawandozi told / Al-Maalouma / agency, "The legislation of the law was part of the political agreement paper on the basis of which the current government was formed, but the issue of its legislation still faces many differences."
He added that "the committees formed by the government have not completed their work in full, which hinders sending the draft of the oil and gas law to the Council of Representatives."
Parliamentary Wealth: Oil And Gas Law Stalled In Government Halls
Economy Information / Baghdad.. Deputy Chairman of the Oil, Gas and Natural Resources Committee, Nehru Rawandozi, revealed today, Wednesday, the latest developments related to the legislation of the oil and gas law according to the political agreement between Baghdad and Erbil.
Rawandozi told / Al-Maalouma / agency, "The legislation of the law was part of the political agreement paper on the basis of which the current government was formed, but the issue of its legislation still faces many differences."
He added that "the committees formed by the government have not completed their work in full, which hinders sending the draft of the oil and gas law to the Council of Representatives."
He pointed out that "there are political differences over the draft of the oil and gas law between the center, the region and the oil-producing provinces, noting that there is a government committee formed by the Prime Minister consisting of representatives of the three main components in Iraq: Shiites, Sunnis and Kurds."
He pointed out that "the committee tasked with preparing the draft law has not completed its work in full so far, which hinders sending the draft law to the Council of Representatives." LINK
Finance Issues "Enjaz" Government Bonds (Second Issue)
Wednesday 14 August 2024 | Economic Number of readings: 110
Baghdad / NINA / The Ministry of Finance announced the offering of government "Achievement" bonds (second issue) for public subscription, with a value of one trillion and 500 billion Iraqi dinars. https://ninanews.com/Website/News/Details?key=1147687
Iraq Stock Exchange Witnesses Active Trading With More Than 398 Million Shares
Banks Economy News – Baghdad The Iraq Stock Exchange witnessed an active trading session on Wednesday, with more than 398 million shares traded at a total value exceeding 626 billion Iraqi dinars.
The ISX60 rose 0.70% to close at 878.43 points, while the ISX15 rose 0.19% to 979.73 points.
The banking sector led the trading activity in terms of the volume and value of traded shares, and the most traded share was the Bank of Baghdad share with more than 113 million traded shares.
Some stocks witnessed significant increases and decreases, with Kurdistan Islamic Bank leading the rise with 13.64%, while the National Home Furniture Industries stock recorded the largest decrease of 5.56%. 19 views 2024/08/14 https://economy-news.net/content.php?id=46296
Masoud Barzani Calls For National Wealth And Wants To Preserve It, But What Is The Story Of The “Committees Of Commitment”?
Politics |Baghdad Today – Baghdad Today, Wednesday (August 14, 2024), the leader of the Coordination Framework, Saad Al-Saadi, revealed the results of the agreement between the framework and the leader of the Kurdistan Democratic Party, Masoud Barzani, regarding the oil smuggling file.
Al-Saadi told Baghdad Today, "Smuggling natural resources, including oil, in any country represents a drain on the economy, destruction of infrastructure, and loss of the rights of the people of all stripes. Therefore, the smuggling file must be stopped."
He added, "During the visit of the President of the Kurdistan Democratic Party, Masoud Barzani, to the capital, Baghdad, and his meeting with the leaders of the framework, the issue of natural resources was actually raised within a broad agreement to preserve them as a national wealth."
He continued: "It was agreed to form committees whose mission is to oblige all parties to abide by the decisions of the Federal Court on the oil and gas file, in addition to the rest of the other agreements with Baghdad," adding: "We hope at the same time that there will be seriousness and credibility on the part of our brothers in the region in implementing the terms of the agreement."
He pointed out that "the management of oil and other wealth by the central government and its institutions is within the context of the Iraqi constitution, and this will must be respected and adhered to because it will address many problems and provide greater protection for the national wealth."
The visit of the leader of the Kurdistan Democratic Party, Massoud Barzani, to Baghdad attracted attention because it came after six years of "estrangement" with the ruling political class in Iraq, which suggests that a remarkable development has occurred in the relationship between the Kurdistan Region and the central government.
Political circles believe that the aim of the visit is to crown the partial understandings that occurred recently and covered several files with a comprehensive settlement between the region and the centre.
Barzani's presence as a prominent Kurdish figure aims to lend legitimacy to the settlement and raise its value so that it appears to be an important event and not just a passing meeting, which is what the central government needs to confirm its ability to bring the region's leaders to its square, while the settlement reduces internal pressures on the region's officials, especially if he succeeds in ensuring smooth and continuous payment of salaries. LINK
Iraq Loses One Trillion Dinars Annually.. MP: Corruption In Ports Is "Dangerous"
Economy |Baghdad Today – Baghdad Member of Parliament Yasser Al-Hussaini revealed, today, Wednesday (August 14, 2024), that Iraq is exposed to a loss of one trillion dinars annually due to corruption in the ports, while describing what is happening in the ports as "dangerous."
Al-Hussaini said in an interview with Baghdad Today, "The parliamentary investigation committee continues to collect documents and evidence that prove day after day the extent of the major violations of public funds, and the documented numbers confirm beyond doubt that they are higher than what we mentioned previously in terms of losses and financial violations in general."
He added, "What is happening in the ports is the mortgage of this large economic facility to companies affiliated with political forces for decades through contracts that oblige the government, noting that Iraq loses nearly a trillion dinars annually that goes into the accounts and pockets of companies."
Al-Hussaini pointed out that "what is happening in the ports is dangerous and what we have revealed so far raises many question marks, stressing that all investigations and documents will be submitted to the Iraqi judiciary."
On Friday (July 12, 2024), the head of the Parliamentary Order 160 Committee to investigate suspicions of corruption in Iraqi ports, Yasser Al-Hussaini, revealed 3 results that he described as “bitter” in the Basra ports file.
Al-Husseini told Baghdad Today, "What we are doing is perhaps the most important parliamentary investigation to preserve the wealth of Iraqis by addressing a sensitive and dangerous file due to the huge amount of money and the administrative and financial violations that have been detected."
He added, "Investigations are continuing into the file of suspicions of financial and administrative corruption in Iraqi ports, despite the existence of three-dimensional pressures from influential political and governmental parties in a single attempt, which is to undermine the work of the committee as much as possible and obstruct what it is doing."
The MP said, "Three bitter facts were revealed: the waste of 20 trillion dinars is not suspicion, but a fact. There is a lot of evidence accompanied by long decades that mortgage Iraq's wealth to corrupt political parties. In addition, the extent of the pressures revealed the identity of those who want to keep the scourge of corruption eating away at the ports to sustain their coffers with money, without caring about the harm it causes to the Iraqis."
He considered that "the investigation into the Basra ports file is the most dangerous and important and is a courageous step in confronting the scourge of corruption that has large arms," stressing that "what we seek is to preserve public money and stop the draining of the country's wealth."
Member of the Parliamentary Integrity Committee, Ali Turki, had previously stated that the committee formed to investigate corruption files in the ports had failed in its mission.
On April 15, the acting Speaker of Parliament, Mohsen Al-Mandalawi, decided to form a parliamentary committee to investigate “violations” at Iraqi ports.
The committee is formed under the chairmanship of MP Yasser Hashem Al-Hussaini and the membership of MPs Faleh Al-Khazaali, Hassan Salem Abdul Rahim Al-Shammari, Mona Al-Sabil, Siban Aziz Soran Omar Muwaffaq Hussein Saud Al-Saadi Abdul Amir Al-Mayahhi Alaa Al-Haidari Ali Al-Maksousi, and Rafiq Al-Salihi. It is responsible for investigating violations in Iraqi ports, and the committee will be supported by employees from the ministry and the relevant bodies according to the committee’s needs, and the results of the investigation will be presented to the House of Representatives.” LINK
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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. 14 Aug. 2024
Compiled Wed. 14 Aug. 2024 12:01 am ESTby Judy Byington
Global Currency Reset:
Tues. 13 Aug. 2024 Mike Bara: “I have been given a date of Wed. 21 Aug. for the revaluation of the Iraqi dinar. The bond holder remains excited about the possibility he will get paid today.”
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. 14 Aug. 2024
Compiled Wed. 14 Aug. 2024 12:01 am ESTby Judy Byington
Global Currency Reset:
Tues. 13 Aug. 2024 Mike Bara: “I have been given a date of Wed. 21 Aug. for the revaluation of the Iraqi dinar. The bond holder remains excited about the possibility he will get paid today.”
Tues. 13 Aug. 2024 Idaho now has it’s own gold-and-silver depository. Its owner says it can hold more than Fort Knox https://www.idahostatesman.com/news/business/article290989570.html
Tues. 13 Aug. “ A Banker indicated that many positive items are pointing to Thurs. 15 Aug. 2024.”
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Tues. 13 Aug. 2024 Bruce:
Last night we were told we were in a 7 day window from Wed. 14 to Wed. 21
Today there was a conference call between paymasters at Wells and the CBI.
The 19 currencies on the screen were slow blinking. One currency went down (the USN) that was no longer the fed – meaning we were about to start.
The USN was part of NESARA – debt forgiveness that started Sun. 11 Aug. It is zeroing out all mortgages over a ten day process ending Sat. 10 Aug.
Credit card forgiveness will be wiped out by Sat. 31 Aug.
Farm claims began to be paid out 8 Aug. Black farmers were paid out first.
Exchanges were to start Mon. 19 Aug.
We would be notified over the weekend.
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Mon. 12 Aug. 2024 Foreign Currency Exchange and Zim Bond Redemption … John F. Kennedy on Telegram:
Bond funds delivered to paymasters coming in so fast that everyone was in awe from the amount.
Private appointments are being made now.
Get your plans/projects together and don’t wait around for this to happen without being ready.
No straight cash will be given
You are in charge of your funds and can place funds in different accounts
Advisers will be there to assist you with your funds and will help guide you in your projects or choosing one on the list.
Everything is going well, still some that do not want this to happen, but all is safe.
You can take to your appointment: advisors/bank contacts (if you have already spoken to a specific person)/ friend/any person/s you want to assist you
Zim Cap information is changing daily but as of now they are paying as follows:
No Projects = $15 million no matter amount you might hold
With Projects = First two bond notes are 1 to 1, after this $25 million (per 100T) up to 30 bond notes. To negotiate further, you will need to return.
Safe link 800# will be released closer to go date.
Rates are EXTREMELY high.
We are almost at the end of the road.
All intel is saying “Next Week.”
A trusted military intelligence contact confirmed that GCR Liquidity release began at exactly 3:00 PM PDT on Wed. 7 Aug. 2024 and would unfold over the next 72 hours. “The Sovereign Committee and US federal government have just approved T4A and B payments – this has started Reno, Miami, and other East Coast states.”
Sources said the delays in setting Tier4b appointments (which were to be made starting Sat. 10 Aug. – didn’t happen.) were from making sure the QFS system and all the test clients were done perfectly so they can see their funds in their accounts (or hold SKRs) but would not be able to use these funds until the shotgun start has started.
The new currency rates were traded on the Forex till Sunday 11 Aug. at 5pm.
Over 1500 Farm Claims have been paid out.
Prosperity Packages National Guard deliveries started on Fri. 9 Aug.
Mid-September was anticipated to be a period of substantial activity of significant financial movement.
Read full post here: https://dinarchronicles.com/2024/08/14/restored-republic-via-a-gcr-update-as-of-august-14-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
CBI spokesman on television talking about the advantages and the different types of floating our currency is going to go through. He said there are two types of float. Free float and managed float. FRANK: ...You are in the monetary reform phase that is educating you on your new currency...new exchange rate...lower notes. This campaign is pounding the information about the next step of the monetary reform...Why are you floating your currency? Because they're adding value to it...Be ready at any moment
Walkingstick [Iraqi Bank friend Aki in Michigan] Question presented to Aki - Concerning the statement that was made by a representative of the WTO [about Iraq launching a fully convertible currency in October - See Frank26 post below]? AKI: I didn't hear anything about October... WALKINGSTICK: I would call it scuttlebutt because the interpreter was telling me that he says he's not sure about that...but he knows there are rumors out there about when this is going to happen. AKI: I did hear about the WTO guy. Maybe he's talking about a new currency that would be convertible prior to October but there is no mention at the banks about October being the date. If anything I have heard it is before that.
Ep 3425a - The [CB] Will Not Be Able To Weather The Economic Storm That Is Approaching
X22 Report: 8-13-2024
The debt level has grown to an unsustainable level for the people, as time goes the people will not be able to survive. The system is breaking apart and no matter what the Biden admin does it will fail. The [CB] will not be able to handle the economic storm that his approaching.
Economy And The Markets. WHAT IS ABOUT TO HAPPEN WILL BLOW YOUR MIND!
Greg Mannarino: 8-13-2024
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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20
TNT: Tishwash: Al-Sudani visits London to sign agreements
The British Ambassador to Iraq, Stephen Hitchco*ck, revealed that Prime Minister Mohammed Shia al-Sudani will visit London to sign some agreements between the two countries.
We want to expand the relationship from the cornerstone, to trade, combating climate change and drugs, and I think Mohammed Shia al-Sudani wants the same thing, and God willing in the coming months he will visit London, and we will sign some agreements," Stephen Hitchens said in a press statement.
TNT:
Tishwash: Al-Sudani visits London to sign agreements
The British Ambassador to Iraq, Stephen Hitchco*ck, revealed that Prime Minister Mohammed Shia al-Sudani will visit London to sign some agreements between the two countries.
We want to expand the relationship from the cornerstone, to trade, combating climate change and drugs, and I think Mohammed Shia al-Sudani wants the same thing, and God willing in the coming months he will visit London, and we will sign some agreements," Stephen Hitchens said in a press statement.
He added, "This period of the Iraqi Kingdom and the British Mandate, during which there were things we are proud of, including the infrastructure, laws, museum and bridges, and there were things that were investments in the country."
The British ambassador stressed: "We do not have the same values as our predecessors on this issue, and now we have entered a new period in the bilateral relationship, an equal partnership based on mutual respect." link
Tishwash: Iraq signs strategic agreement to modernize trading mechanisms in cooperation with an Egyptian company
The Iraq Stock Exchange announced today, Wednesday, the signing of a strategic agreement to modernize trading mechanisms in cooperation with an Egyptian company.
A statement by the Iraqi Stock Exchange received by the Iraqi News Agency (INA) stated, "In a step aimed at developing and improving the investment environment in Iraq, and under the auspices of the Iraqi Securities Commission, the Iraq Stock Exchange signed a cooperation agreement with the Egyptian Company for Information Dissemination, after intensive discussions that lasted for more than six months."
He added, "The agreement includes licensing, use and maintenance of the remote trading system for investors (OMS), broker management (Back Office), and portfolio management for investors, for a period of five years."
He added that "signing this agreement represents a qualitative shift in the development of the Iraqi stock market," indicating that "Iraq is committed to providing the latest technologies to investors, which contributes to enhancing confidence and attracting more investments to the Iraqi market."
For his part, the CEO of the Iraq Stock Exchange, Faisal Al-Haimus, pointed out, “The importance of this step, as the remote trading system is a vital addition to our ongoing efforts towards developing the market’s infrastructure. The system’s experience in the Egyptian Stock Exchange has proven its efficiency over the past five years, and we are excited to see its positive impact on our market.”
He pointed out that "the new system includes smart applications that aim to facilitate trading operations and improve the investor experience, which reflects the commitment of the parties concerned to developing the financial sector in Iraq and achieving sustainable growth." link
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Tishwash: The President of the Republic receives a message from his Chinese counterpart
President of the Republic, Abdul Latif Jamal Rashid, received today, Tuesday, at the Baghdad Palace, the Ambassador of the People's Republic of China to Iraq, Cui Wei, and received from him a message from Chinese President Xi Jinping, congratulating him on his birthday, wishing him success and guidance.
The Chinese President also stressed, according to a presidential statement, his great interest in developing relations with Iraq and his readiness to make joint efforts with President Rashid to continue deepening friendly cooperation and raise the Sino-Iraqi strategic partnership relations to higher levels.
The Presidentof the Republic conveyed his sincere thanks and greetings to President Jinping for his generous feelings, praising the historical relations and bilateral cooperation between the two friendly countries.
During the meeting, the available potential to consolidate the growing relations between the two countries was emphasized, as President Rashid pointed to the need to expand the horizons of joint cooperation in the economic, technological and investment fields, especially the development of infrastructure and services, stressing Iraq's welcome of the diverse Chinese expertise to contribute to the development and growth of the industrial, agricultural and education sectors.
In turn, the Chinese Ambassador, Cui Wei, affirmed his country's commitment to strengthening its relations with Iraq in all fields.
The ambassador also reviewed the political, economic and industrial conditions in China, stressing that the recently held Communist Party meeting focused on strengthening reforms, improving production in all fields and opening up to countries of the world.
Media Department of the Presidency of the Republic link
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Tishwash: From Iraq.. A missile attack targets an American base in eastern Syria
On Tuesday evening (August 13, 2024), an American base in eastern Syria was subjected to a missile attack from western Iraq.
A field source told Russian media that "a missile attack targeted the vicinity of the American base in the Conoco gas field north of Deir Ezzor, eastern Syria."
He explained that "the bombing was carried out by a missile barrage from the desert in western Iraq, near the Syrian border."
This bombing comes about a week after the Ain al-Assad base, west of Anbar province, was subjected to a missile attack that resulted in the injury of a number of US forces working as advisors in the international coalition. link
Mot: Me Too ""Earl"" -- Come on ole ""RV"" so we can!!!!
Mot: . Thanx Granny!! -- I'm with Ya!!!!
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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8
Good Evening Dinar Recaps,
THESE QUOTES,RESEARCH, AND OPINIONS ARE FROM ASHELEY PROSPER ON X DEFINITELY WORTH A READ!!
We keep telling you XRP is the one. But you just won't listen. Maybe some of these quotes will help you see the truth.
Brad Garlinghouse "XRP is a bridge currency. We believe it has the potential to reduce liquidity costs and enable faster, lower-cost cross-border payments."
Christine Lagarde(President of the European Central Bank) "Ripple is doing a lot of work in facilitating exchanges and making sure that there is no need for a central counterparty, but that we know exactly who is doing what and who is exchanging what."
Good Evening Dinar Recaps,
THESE QUOTES,RESEARCH, AND OPINIONS ARE FROM ASHELEY PROSPER ON X
DEFINITELY WORTH A READ!!
We keep telling you XRP is the one. But you just won't listen. Maybe some of these quotes will help you see the truth.
Brad Garlinghouse
"XRP is a bridge currency. We believe it has the potential to reduce liquidity costs and enable faster, lower-cost cross-border payments."
Christine Lagarde(President of the European Central Bank)
"Ripple is doing a lot of work in facilitating exchanges and making sure that there is no need for a central counterparty, but that we know exactly who is doing what and who is exchanging what."
JP Morgan
"If Ripple wins SEC lawsuit, XRP is poised for significant adoption."
Bank of America (2019 Report)
"Ripple’s technology is attractive for its ability to settle cross-border transactions almost instantly."
David Schwartz
"XRP was designed to be a better Bitcoin."
World Economic Forum
"Ripple’s XRP is one of the most scalable and efficient digital assets available for cross-border payments."
Jesse Lund (IBM)
"Ripple’s approach with XRP is interesting as it provides a digital asset that can settle in real-time across multiple networks."
SBI Holdings
"XRP has the potential to become the global standard in digital currencies for cross-border transactions."
Chris Larsen
"We’re working with regulators, we’re working with central banks. I think that’s an important part of our strategy."
Christine Lagarde
"Ripple has addressed many of the issues associated with cross-border payments, particularly around speed, transparency, and cost-efficiency."
American Express
"Ripple offers a compelling proposition in cross-border transactions, reducing settlement times from days to seconds."
Bank of America
"Ripple’s solution can potentially bring substantial cost efficiencies in our cross-border transactions."
Yosh*taka Kitao
"XRP is the most efficient, scalable digital asset for payments, and it plays a pivotal role in the development of new financial infrastructure."
Cathy Bessant (Bank of America)
"We’ve been in partnership with Ripple for a while. We’re testing and piloting the use of blockchain technology in different areas where we see the potential for immediate value."
Marc Andreessen (Andreessen Horowitz)
"Ripple’s approach to leveraging blockchain for the financial industry shows immense promise. The speed and efficiency gains are remarkable."
Digital Currency Group (DCG)
"Ripple’s innovative approach to cross-border payments is setting new standards in the financial industry, and XRP plays a crucial role in this evolution."
Amazon Web Services (AWS) - Ripple Case Study
"Ripple provides one frictionless experience to send money globally using the power of blockchain."
Ross Leckow (IMF)
"Ripple’s technology can help enhance financial inclusion and improve the efficiency of the global financial system."
Ripple and Apple’s Collaboration with Interledger Protocol (ILP)
"Apple’s integration of Interledger Protocol, which Ripple helped develop, shows the potential for broader adoption of blockchain technology in mainstream tech ecosystems."
Google Ventures
"Ripple’s vision of instant, secure, and low-cost global payments aligns with the future of financial services. XRP’s utility as a bridge currency is an integral part of that vision."
Santander Bank
"We are excited to leverage Ripple’s technology to provide our customers with faster, more secure international payments, allowing us to stay ahead in the rapidly evolving financial industry."
Microsoft’s Azure Blockchain Workbench
"Ripple’s integration with Microsoft’s Azure Blockchain Workbench enables businesses to send and receive cross-border payments with unprecedented speed and security."
Tom Jessop (President, Fidelity Digital Assets)
"We see Ripple and XRP as one of the more mature and viable digital assets in the market, with a clear use case in cross-border payments."
@ Newshounds News™ Source: T
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Big news from the Seeds of Wisdom team! We're expanding and reaching new heights, thanks to the incredible support of Nate (Mr Anonymous) to take this on to help our community. To share valuable insights with even more people, we're launching a YouTube series! 🎥 Our inaugural guest is the knowledgeable Bob Lock who will share his expertise on planning and currency. Get ready to learn and grow! 💡 Don't miss this opportunity to gain wisdom from the best!
📣 Listen: YouTube----- Date and Time To Be Announced Soon
Please Like and Subscribe on YouTube
Bob Lock:Link
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Superstate integrates Chainlink for tokenized treasury fund
Superstate, a blockchain-based asset management firm, has integrated Chainlink’s technology as it taps into the growing tokenization market.
The asset manager will leverage the Chainlink Data Feeds to bring net asset value data for its tokenized treasury fund on-chain.In the announcement Superstate stated it aims to enhance the composability of its Superstate Short Duration US Government Securities Fund by utilizing Chainlink’s technology.
The integration enables the firm to access crucial off-chain data, essential for market pricing, utility, and transparency.
@ Newshounds News™ Source:
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IOTA launches blockchain tool to simplify music rights management
IOTA has introduced a new blockchain-based tool aimed at simplifying music rights management in the film industry.
IOTA (IOTA), a distributed ledger focused on the exchange of value and data,has unveiled a blockchain-driven tool designed to transform the management of music rights in films, addressing what the project describes as a traditionally time-consuming process.
The new solution, developed under the European Blockchain Pre-Commercial Procurement initiative and funded by the European Commission,leverages distributed ledger technology to streamline negotiations and secure intellectual property rights more efficiently,according to an Aug. 12 blog announcement.
The core of IOTA’s latest solution is theSmart Contracts for Media system, which automates contracts between film producers and rights holders. These smart contracts are self-executing digital agreements, intended to reduce the time traditionally required for negotiations and payment processes.
IOTA claims its solution promises to “revolutionize the way intellectual property rights are handled,” enabling producers to select predefined contract templates, make real-time adjustments, and finalize terms digitally.Once agreed upon, the smart contracts are deployed on the IOTA Smart Contract Chain,ensuring the agreements are immutable.
The tool also incorporates non-fungible tokens (NTFs)to represent rights and obligations. These NFTs contain unique identifiers that link to detailed data stored off-chain using theInterPlanetary File System (IPFS), a decentralized storage solution.
@ Newshounds News™ Source:
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Coinbase Urges SEC to 'Abandon' Its 'Irrational' DeFi Exchange Rule
The SEC’s move to regulate DEXs would make it functionally impossible for DeFi projects to exist in the United States, Coinbase wrote Monday.
Coinbase once again came out swinging Monday against theU.S. Securities and Exchange Commission (SEC’s)yearslongattempt to expand a bureaucratic definition of the word “exchange,” which if successful would bring the DeFi ecosystem firmly under the regulator’s purview.
In an eight-page comment submitted to the SEC on Monday, Coinbase Chief Legal Office Paul Grewalchastised the potential rule change as “arbitrary” and “irrational” in several respects, and urged the agency to “abandon its effort” to apply the proposed rule todecentralized exchanges (DEXs).
Fundamental to Coinbase’s argument against the change is the SEC’s continued refusal to concede that DEXs—which are run by automated, on-chain software (aka smart contracts) with little to no human management—are by definition incapable of complying with rules and standards designed for traditional securities exchanges like the New York Stock Exchange.
“DEXs cannot comply with registration and disclosure requirements designed for legacy financial exchanges managed by centralized companies,” Grewal wrote.
“And even if DEXs could somehow comply with existing registration and disclosure rules, the Commission does not explain how SEC-registered DEXs could facilitate the trading of digital assets.”
Because of these apparent tensions,Coinbase implied in its letter to the SEC today, the agency may well be attempting to outlaw DEXs implicitly, without saying so.
“The SEC benefits from robust engagement from the public and will review all commentssubmitted during the open comment period. Generally, we respond to comments received as part of the final rulemaking and not beforehand," an agency spokesperson told Decrypt following the initial publication of this story.
Coinbase further accused the SEC of failing to complete a proper cost-benefit analysis of the proposed rule change. That’s due to the fact that the regulator has only stated in blanket terms that it would regulate exchanges that deal in “crypto asset securities,” without defining which sorts of digital assets constitute securities and which do not.
The SEC’s longstanding refusal to draw such a line—between which cryptocurrencies it views as securities, and which it does not—remains one of the crypto industry’s greatest grievances with the agency.Insteading of putting forth such a framework, the SEC has opted to sue crypto projects it alleges constitute illegal securities offerings, one at a time.
The regulatorhas even, in recent months,appeared to flip-flop on its own views of certain crypto assets.For over a year, for example, the SEC reportedly secretly considered Ethereum to be a security. Then, in May, the agency abruptly changed course, approving the trade of spot Ethereum ETFs on Wall Street.
Because the SEC has not clearly defined which cryptocurrencies it considers to be securities,Coinbase wrote today,it cannot possibly have properly calculated an accurate cost-benefit analysis determining how much financial activity would fall under its purview if DEXs were regulated like securities exchanges.
“The SEC cannot rationally make these calculations without a single, stable view on which digital assets are subject to the securities laws,” Grewal wrote.
@ Newshounds News™ Read more:
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The SEC has been going after numerous crypto companies for billions of dollars. There was an article yesterday with negative comments on CFTC rules too. Congress needs to get some of those bills passed that define what entity regulates what so America can catch up to other countries regulating our new financial system. Taking companies to court and fining them billions of dollars is just hindering our progress.
I found these two bills that were introduced in the Senate two years ago but never passed.
Senate Bill S. 4760
Digital Commodities Consumer Protection Act of 2022 (DCCPA)
Introduced in Senate (08/03/2022)
To amend the Commodity Exchange Act to provide the Commodity Futures Trading Commission jurisdiction to oversee the spot digital commodity market, and for other purposes.
https://www.congress.gov/bill/117th-congress/senate-bill/4760/text
Senate Bill S.5030
Digital Trading Clarity Act of 2022 (DTCA)
Introduced in Senate (09/29/2022)
This bill establishes a safe harbor from securities regulation for certain digital asset exchanges and intermediaries.This safe harbor applies if (1) such digital asset is not classified as a security by the Securities and Exchange Commission (SEC) or by a U.S. court; and (2) the exchange or intermediary complies with requirements regarding listings, customer protection, and disclosures.
If a digital asset is determined to be a security and otherwise meets these requirements, the exchange or intermediary hasa two year period during which the SEC may not pursue specified enforcement activity against the exchange or intermediary.
https://www.congress.gov/bill/117th-congress/senate-bill/5030
@ Newshounds News™
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Economics, sovereign man DINARRECAPS8 Economics, sovereign man DINARRECAPS8
Can Elon Musk Save The US Dollar?
Notes From the Field By James Hickman / Simon Black August 13, 2024
I was one of the millions of people listening to the live conversation last night between Elon Musk and Donald Trump.
And if you missed it, Trump was Trump. You pretty much know exactly what you’re getting with him, and there weren’t any major revelations.
Elon, on the other hand, came off as a genuinely concerned citizen who recognizes the problems facing the country and is exasperated why the people in charge aren’t implementing common sense solutions.
Honestly, I feel bad for the guy; Elon is blasted as a hard-core, right-wing nut job… and there are people who literally want to put him in prison because of his views.
But last night he said things like:
Can Elon Musk Save The US Dollar?
Notes From the Field By James Hickman / Simon Black August 13, 2024
I was one of the millions of people listening to the live conversation last night between Elon Musk and Donald Trump.
And if you missed it, Trump was Trump. You pretty much know exactly what you’re getting with him, and there weren’t any major revelations.
Elon, on the other hand, came off as a genuinely concerned citizen who recognizes the problems facing the country and is exasperated why the people in charge aren’t implementing common sense solutions.
Honestly, I feel bad for the guy; Elon is blasted as a hard-core, right-wing nut job… and there are people who literally want to put him in prison because of his views.
But last night he said things like:
- “the legal system is supposed to be protecting the public from violent criminals”- “we want safe and clean cities”- “we want secure borders”- “we want sensible government spending”- “we want to restore both the perception and the reality of respect in the judicial system”- “I’m pro-environment, but I don’t think we should vilify the oil and gas industry”
These are clearly not radical values, and my guess is that most people in the country would probably agree with his values.
About an hour into the call, Elon outlined what he thinks would bring prosperity back to the United States:
1) “Solve government overspending”. He correctly explained that extreme government deficits create inflation… so if you want to really get inflation under control, you have to stop the spending.
In theory, this shouldn’t be hard.
The Treasury Department expects to collect nearly $5 trillion in tax revenue this Fiscal Year (which ends on September 30th). And $5 trillion is an absurd amount of money.
As recently as five years ago (FY2019), $5 trillion would have been enough to pay for ALL federal spending and still have a surplus of more than $500 billion to start paying down the debt.
So, if they had simply frozen spending in place at FY2019 levels, even after adjusting for inflation and higher interest rates, $5 trillion in tax revenue this year should still be sufficient to keep the national debt from growing any further. And that’s without making any significant cuts to government spending.
But spending has increased by nearly 50% in five years. Is the government 50% better? Do taxpayers receive 50% more service? Clearly not. They’ve just let spending spiral out of control with no commensurate benefit to the taxpayer.
2) Deregulate.
Elon’s second point was that a lot of regulations are destructive and make no sense. Volumes and volumes of rules hold back businesses from innovating, hold back citizens from being productive. And that’s what the country truly needs to be prosperous-- innovation and productivity.
And those were his two big points… and that if a government can do those two things, the future can be much brighter.
He’s right, and the math clearly supports this view.
Various Presidential administrations over time have increased, or decreased regulations. When there have been decreases in the number of regulations, US economic productivity tends to increase, and overall GDP growth rises. During periods of growing regulations (like right now), productivity wanes.
Higher productivity means that the economy grows faster. And a faster growing economy means more tax revenue for the government. Combined with spending constraints, this would leave plenty of money left over to pay down the debt… or simply set aside for a rainy day.
Imagine being able to obliterate a major threat to the nation, or shore up security to the power grid, or support an ally, without having to go into debt? It’s unimaginable given today’s national finances. But with real productivity growth and sensible spending, it’s absolutely a reality.
Failing to do BOTH of these things most likely results in a pretty bad outcome for the United States.
If the debt keeps spiraling out of control, and government regulators continue to constrain productivity, it’s extremely difficult to imagine the US dollar remaining the world’s primary reserve currency.
Continued deficit spending and a ballooning national debt will create even more inflation and cause foreign governments, central banks, and businesses to lose confidence in the dollar. It’s already happening… and one of the reasons why gold is hovering near its all-time high.
The US dollar’s global reserve status is one of America’s premier financial benefits. Losing it would be disastrous… and Elon’s approach is pretty much the only way to save it.
Will it happen?
To Read More:
https://www.schiffsovereign.com/trends/can-elon-musk-save-the-us-dollar-151290/
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MarkZ, Chats and Rumors Dinar Recaps 20 MarkZ, Chats and Rumors Dinar Recaps 20
Evening News with MarkZ, joined by Jeff Rahm, and Chief Fast Horse. 08/13/2024
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Evening News with MarkZ, joined by Jeff Rahm, and Chief Fast Horse. 08/13/2024
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS OR BAD WEATHER HAPPENS!
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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20
Death of the Fiat Currency Regime and the Rise of Gold & Silver as Sound Money
VRIC Media : 8-13-2024
Lynette Zang and Rafi Farber believe that a new sound money paradigm is approaching as out-of-control government debt worldwide, geopolitical uncertainty, and the devaluation of fiat currency rapidly accelerates.
The duo discuss how financial engineering and manipulation of the economy has distorted markets beyond recognition and how to prepare for the inevitable collapse of the illusion and return to reality.
Death of the Fiat Currency Regime and the Rise of Gold & Silver as Sound Money
VRIC Media : 8-13-2024
Lynette Zang and Rafi Farber believe that a new sound money paradigm is approaching as out-of-control government debt worldwide, geopolitical uncertainty, and the devaluation of fiat currency rapidly accelerates.
The duo discuss how financial engineering and manipulation of the economy has distorted markets beyond recognition and how to prepare for the inevitable collapse of the illusion and return to reality.
Read More
Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20
TNT: Tishwash: Foreign Exchange Service Provider Agents Working Procedures
Date: 8/12/2024
The Arbaeen of Imam Hussein (peace be upon him)... The Iraqi Day of Volunteer Work) Licensed banks All approved electronic payment companies All approved exchange companies from categories (A) and
(B) M. Procedures for the work of agents of external transfer service providers
TNT:
Tishwash: Foreign Exchange Service Provider Agents Working Procedures
Date: 8/12/2024
The Arbaeen of Imam Hussein (peace be upon him)... The Iraqi Day of Volunteer Work)
Licensed banks All approved electronic payment companies All approved exchange companies from categories (A) and (B)
M. Procedures for the work of agents of external transfer service providers
Greetings.. Based on the supervisory and supervisory role of this bank, and in order to regulate the work procedures of agents providing foreign remittance services in light of the rapid developments in the financial transfer service, and to limit its misuse for speculation purposes and benefiting from the exchange rate difference.
It is decided that you will obtain valid residency and passports for non-Iraqis (foreigners) for the purpose of completing transfers, provided that these supporting documents represent the minimum requirements, and you can request any additional document if necessary.
To act accordingly. With appreciation.
I reply. Ammar Hamad Khalaf, Deputy Governor, Agency link
Tishwash: Al-Sudani confirms Iraq's commitment to protecting international coalition advisers and ending their mission
The media office of Prime Minister Mohammed Shia al-Sudani confirmed today, Tuesday, that the latter received, late on Monday night, a phone call from US Secretary of State Anthony Blinken, during which developments in the region and efforts to support regional and international stability were discussed.
A statement issued by the office stated that during the call, Al-Sudani renewed Iraq's principled position on the real reasons behind the destabilization, represented by the continued aggression on Gaza, stressing "the necessity for major countries and international organizations to play their full role in stopping the crimes committed against the Palestinian people, and to apply international laws on perpetrators of crimes against humanity to the aggressors and to stop this horrific brutality, in addition to preventing the violation of the sovereignty of the countries of the region."
Al-Sudani also stressed Iraq's commitment to preventing any directed action that would lead to a breach of security, or expose the advisors of the international coalition to fight ISIS present in Iraq to any danger, stressing the continuation of communication between the two sides in order to end the coalition's missions in Iraq, and move to bilateral security relations that serve the interests of enhancing security and stability.
For his part, the Foreign Minister reviewed the ongoing diplomatic efforts to stop the escalation, and the United States' commitment to continuing consultations with the Iraqi side on regional issues, and supporting the path to strengthening relations and cooperation between the two countries, according to the statement.
Secretary of State Antony Blinken spoke by phone with Iraqi Prime Minister Mohammed Shia al-Sudani on Monday evening, the US State Department said.
The ministry indicated that Blinken stressed again the importance of the Iraqi role in providing protection for the international coalition's military advisers from attacks by pro-Iranian militias.
The two sides agreed to continue mutual consultations on regional issues and to work to strengthen bilateral relations between the United States and Iraq, according to a statement by the US State Department.
US Secretary of State Antony Blinken is scheduled to arrive in the Middle East today and plans to visit Qatar, Egypt and Israel.
The visit comes amid tensions in the region, which is anticipating a dual Iranian attack with the Lebanese Hezbollah on Israel, in response to the assassination of the head of the Hamas political bureau, Ismail Haniyeh, in Tehran, and the killing of Fuad Shukr, a prominent Hezbollah leader, during an airstrike in the southern suburbs of Beirut. link
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Article: "Government signal: high export capacity boost currency value" It's an education piece...Why is the country of Iraq and the financial advisers talking...? Because the fact things are changing. They want to make the people aware that there are things happening. I believe give reassurances to why they're doing what they're doing. If you're going to have a value change...people need to have a little bit of a warning...
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
We have another guy on TV talking about the WTO accession...He is saying the plan for Iraq to release a fully convertible currency is in October of this year. FRANK: The WTO guy needs to shut his mouth...You know very well what Sudani has promised you. And you know very well it's coming...It's not the WTO's prerogative to tell the world this information. The WTO is so desperate to get Iraq into the WTO so they can make money off of them...This guy is trying to spill the beans for his advantage. All I know is that it is happening.
New Inflation Data May Have Just Changed Fed's Rate Cut Plan
George Gammon: 8-13-2024
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DINARRECAPS8 DINARRECAPS8
Banks Working To Keep The Exchange Rate High.. Secrets Of The Dollar Crisis Against The Dinar
Economy 2024-08-12 3,172 views Alsumaria News – Economy Economist Omar Al-Halbousi confirmed that the crisis in the dinar’s exchange rate against the US dollar is due to many factors. Al-Halbousi said, in a press statement:
“It is well known that the rise in the dollar exchange rate and the decline in the value of the Iraqi dinar have been continuing for more than two years, and here we confirm that thevalue of the dollar is stable, but the value of the Iraqi dinar fluctuates between rise and fall, and most often it is a decline.”
Banks Working To Keep The Exchange Rate High.. Secrets Of The Dollar Crisis Against The Dinar
Economy 2024-08-12 3,172 views Alsumaria News – Economy Economist Omar Al-Halbousi confirmed that the crisis in the dinar’s exchange rate against the US dollar is due to many factors. Al-Halbousi said, in a press statement:
“It is well known that the rise in the dollar exchange rate and the decline in the value of the Iraqi dinar have been continuing for more than two years, and here we confirm that thevalue of the dollar is stable, but the value of the Iraqi dinar fluctuates between rise and fall, and most often it is a decline.”
He continued, "Therise and fall that the exchange rate of the Iraqi dinar is experiencing against the dollar from time to time is due to several reasons, including the continuation of trade with the sanctioned countries, which requires financing it from outside the platform, relying on the parallel market, which is the real controller of the exchange rate.
Until the moment, there is no Thecentral bank has authority over it,” noting that “there are countries that live on the dollar in Iraq in the absence of the role of the central bank to regulate the exchange rate and stop the currency bleeding, with the penetration of these countries through private banks that dominate the currency selling window.”
He explained that "private banks also push for the exchange rate to remain high, because it benefits them.
They have taken advantage of the law of delivering dollar transfers to individuals and companies coming from abroad and handing them over to their owners in Iraqi dinars and at the official rate, and then they sell the dollar at the parallel market price, which increases the value of money."
Its profits are therefore a stumbling block in the way of stabilizing the exchange rate and stopping the bleeding of the value of the Iraqi dinar.”
He stated that “remittances and the currency selling window are monopolized by a few banks that control the exchange rate and manipulate it as they please,
which explains why they achieve fantastic profits from dollar transfers, which have become depleting Iraqi oil imports that finance the window, knowing that the high volume of daily dollar sales is very suspicious.”
It contradicts the volume of goods entering, which means the continuation of smuggling the dollar abroad, which is carried out by the banks controlling the window and the remittances, with international complicity,” pointing out that
“theAmerican sanctionsand the continued threat of them, is another reason for the continuing decline in the value of the Iraqi dinar against the dollar with the inability to...
The Central Bank is working to solve the problem of sanctions with the American side, as well as the inability to control the work of banks and control their fraudulent work, which has caused Iraq to have problems with the Americans, in light of thecontinued smuggling of the dollar in multiple ways practiced by banks owned by foreign countries.”
The economic expert pointed out that “the government is still relying on the Central Bank and its management to control the exchange rate, which the Central Bank did not succeed in, but rather failed in all its steps, with the arrogance of private banks and their control over the Central Bank with external support, in addition to the influence of these banks within the Central Bank.”
Which means, up to this moment, that he has not found a solution to stop the decline in the value of the Iraqi dinar against the dollar, which will bring us into major problems in the coming days, especially if new American sanctions are imposed on Iraq, in addition to the rise in the geopolitical conflict in the region, which casts a multi-faceted shadow over Iraq.”.
https://www.alsumaria.tv/news/economy/496912/مصارف-تعمل-على-بقاء-سعر-الصرف-مرتفعا-خفايا-ازمة-الدولار-امام-الدينار
An Economist Warns Of “Danger” And Takes Aim At The Central Bank: Banks Are Rated At The 1970s Standard
Special Sumerian 2024-08-13 |1,313 views Economic expert, Mustafa Hantoush, warned today, Tuesday, of adanger to the Iraqi economy caused byforeign banksinside the country, while noting that the Central Bankevaluateslocal banksaccording tothe “standard of the 1970s.”
Hantoush told Al-Sumaria News, “Iraqi banksare evaluated by theCentral Bank of Iraqusing theCamels standard, which is thestandard of the seventies of the last century.
Therefore, we findweakness in the banking operations of the Iraqi banking sectorbecause the Central Bank’s standard does not give them importance in the evaluation,”
stressing that Thenecessityof “adopting amodern standardthat focuses on(deposits-loans-investments-electronic payment).”
He pointed out that "theIraqi banking sectoris almost at astandstill, andwork and profits are limited to a number of banks(owned byforeign owners)supported by their countries and their central bank governors," considering that "these banks pose athreat totheIraqi economyand theirliquidity positionisambiguous."
Procedures for the work of agents of external transfer service providers
August 13, 2024 :diamonds: Procedures for working as agents of external transfer service providers .. For more, click here https://cbi.iq/static/uploads/up/file-172353315575666.pdf
https://cbi.iq/news/view/2638
~~~~~
[ approximate, incomplete translation ofhttps://cbi.iq/static/uploads/up/file-172353315575666.pdf]
DATE:8/12/2024 (Arbaeen of Imam Hussein (PBUH) .. The Iraqi Day of Volunteer Work)
All licensed banks
All licensed electronic payment companies
License exchange companies of categories (1) and (13)
M/Procedures for the work of agents providing foreign transfer service
Based on the supervisory and regulatory role of this bank.
In order to facilitate the work procedures of agents providing foreign remittance services in light of the rapid developments in the money transfer service.
And to limit its misuse for speculative purposes and benefit from the exchange rate difference.
You are requested to obtain a valid residency and passport for non-Iraqi persons (foreigners) for the purpose of completing remittances.
These supporting documents represent the minimum requirements; and you can request any additional document if necessary.
To work accordingly..with appreciation. https://cbi.iq/news/view/2638
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
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Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8
5 Steps I Now Take To Protect My Money
I Recovered Financially From Identity Theft: 5 Steps I Now Take To Protect My Money
Cynthia Measom Mon, Aug 12, 2024 GOBankingRates
When Marissa was a single woman in her 40s, she was going through some medical challenges that required several surgeries and treatments.
“Between procedures, consultations and follow-ups, I found myself writing checks more often, mainly to hospital billing departments, specialist offices and pharmacies,” she explained. “I had trusted that my financial transactions were secure and stayed focused on my recovery, wanting to get back to a normal life.”
Little did she know that she was about to experience a new challenge: a stolen identity.
5 Steps I Now Take To Protect My Money
I Recovered Financially From Identity Theft: 5 Steps I Now Take To Protect My Money
Cynthia Measom Mon, Aug 12, 2024 GOBankingRates
When Marissa was a single woman in her 40s, she was going through some medical challenges that required several surgeries and treatments.
“Between procedures, consultations and follow-ups, I found myself writing checks more often, mainly to hospital billing departments, specialist offices and pharmacies,” she explained. “I had trusted that my financial transactions were secure and stayed focused on my recovery, wanting to get back to a normal life.”
Little did she know that she was about to experience a new challenge: a stolen identity.
How the Identity Theft Happened
Marissa said that she was glancing through her bank statements — something she had been putting off for a couple of months — and noticed a check that didn’t look familiar. It was written at a retail store in a state she had never even visited.
“I had so many medical payments going out, and my mind was often scattered with everything going on, but this stood out like a red flag, because I had only written checks connected to my medical expenses,” Marissa said. “I panicked and began combing through my statements, checking every line, every check and every payment. I found out checks in my name were being written all over the country — some at retail stores, others at restaurants, even a few at high-end boutiques.”
That’s when she realized her worst fears: her identity had been stolen.
“I immediately contacted my bank, and they confirmed it,” Marissa said. “Someone had somehow gained access to my checking account and was forging checks they had created in my name with my account number. I thought I had always been cautious and careful with my information, but it hadn’t been enough.”
After reporting the theft to the authorities and closing her compromised accounts, Marissa began to piece together what might have happened. She concluded it had to be from the checks she had written in connection with her medical bills.
Later, the person responsible was arrested by authorities, and it was determined it was an employee of the hospital billing department where Marissa had received treatment.
How Marissa Protects Her Money Now
After her identity was stolen, here are the steps Marissa has taken to help protect her money.
To Read More: https://finance.yahoo.com/news/recovered-financially-identity-theft-5-160005704.html
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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20
Banks Are Closing Branches Faster Than EVER!
Atlantis Report: 8-12-2024
The banking industry has changed significantly in recent years, affecting how we interact with financial institutions.
The familiar sight of bank branches in cities and suburban areas is quickly disappearing. Major banks like Wells Fargo, Bank of America, and JP Morgan Chase are closing their physical locations at an unprecedented rate.
This leaves many customers bewildered and concerned about the future of banking.
Banks Are Closing Branches Faster Than EVER!
Atlantis Report: 8-12-2024
The banking industry has changed significantly in recent years, affecting how we interact with financial institutions.
The familiar sight of bank branches in cities and suburban areas is quickly disappearing. Major banks like Wells Fargo, Bank of America, and JP Morgan Chase are closing their physical locations at an unprecedented rate.
This leaves many customers bewildered and concerned about the future of banking.
Major banks like Wells Fargo, Bank of America, and Chase have all announced significant closures. For instance, Wells Fargo recently closed 30 branches in just one week, contributing to the growing concern among customers who rely on these physical locations.
LIVE! The US ECONOMIC MELTDOWN IS WORSENING MUCH FASTER THAN WE THOUGHT.
Greg Mannarino: 8-12-2024
UK Economy Declared “Broke & Broken” As Russian Airspace Ban Hits British Airlines Hard
Sean Foo: 8-13-2024
In a shocking admission, the new Labour government itself has declared the UK is broke and broken. This shows how dire the situation is and we must understand the difficult balancing act the UK is in.
We must also talk about the Russian airspace ban and how sanctions on Russia has backfired on British airline giants.
Timestamps & Chapters:
0:00 UK Financially Broke & Broken
2:40 Britain's Big Debt Trap
5:15 Escaping Economic Stagnation
8:04 Painful Russian Airspace Ban
10:51 No BREXIT Reversal
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