News — Dinar Recaps Blog Page — Dinar Recaps (2024)

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Superstate integrates Chainlink for tokenized treasury fund

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“DEXs cannot comply with registration and disclosure requirements designed for legacy financial exchanges managed by centralized companies,” Grewal wrote.

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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.

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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.

00:00 Introduction

00:43 Gold's Strength in Market Selloff

10:22 Impact of Inflation

16:59 Era of Financial Manipulation

21:56 Distracting the Masses from Reality

25:46 Preparing for the Endgame

33:41 A New Monetary System?

39:24 CBDCs and the Surveillance State

https://www.youtube.com/watch?v=fG2xjyMzqGI

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.

https://www.youtube.com/watch?v=Ri1gkQNjk3g

LIVE! The US ECONOMIC MELTDOWN IS WORSENING MUCH FASTER THAN WE THOUGHT.

Greg Mannarino: 8-12-2024

https://www.youtube.com/watch?v=zdW-DX1PcLU

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

https://www.youtube.com/watch?v=sUwdZOBB9Ws

TNT:

Tishwash: 500 electronic payment cards used to transfer money outside Iraq were seized and their holders were arrested in Baghdad

The Intelligence Agency announced the seizure of 500 electronic payment cards used to transfer money outside Iraq and the arrest of their holders in Baghdad.

Nearly 200 billion dinars in "fines" from the Central Bank of Iraq on banks and exchange companies

The Central Bank of Iraq announced on Tuesday that fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 181 billion Iraqi dinars during the past six months.

A table of the bank, which Shafaq News Agency has reviewed, showed that "the fines imposed on banks and financial companies during the past six months, starting from January until the end of last June, amounted to 181 billion, 842 million, 854 thousand, and 458 dinars," indicating that "the fines also included 151 administrative penalties for these banks and non-banking institutions, distributed between warnings, alerts, and grace periods."

The table showed that "January witnessed the highest fines on banks and non-financial institutions, as these fines reached 98 billion, 277 million, 722 thousand, and 62 dinars, with 17 administrative penalties, while June witnessed the lowest fines, reaching 2 billion, 829 million, 157 thousand, and 288 dinars, with 30 administrative penalties."

The table did not show the names of the banks that were fined and subjected to administrative penalties.

The Iraqi Stock Exchange Investors Association had criticized the Central Bank of Iraq’s increase in fines on banks, noting that it would affect the profitability of investors in the shares of these banks. link

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Washington orders the acceleration of the arrival of one of its aircraft carriers in the Middle East

Erbil (Kurdistan 24)- US Defense Secretary Lloyd Austin has ordered the aircraft carrier USS Abraham Lincoln to "expedite its arrival" to the Middle East, the Pentagon announced on Sunday, as military escalation threatens the entire region amid the war between Israel and Hamas in the Gaza Strip.

Pentagon spokesman Pat Ryder said Austin had ordered the fleet, led by the USS Abraham Lincoln and including F-35C fighter jets, to move more quickly, in the face of the threat of a large-scale attack by the Lebanese Hezbollah, backed by Tehran, or by Iran itself against Israel.

Ryder added that Austin held a conversation with his Israeli counterpart, Yoav Galant, on Sunday, and also ordered the deployment of the missile submarine "USS Georgia" in the same area.

The two men discussed "the importance of limiting harm to civilians, making progress toward a ceasefire and releasing hostages held in Gaza," as well as deterring Iranian-backed groups from launching attacks, he said.

Tensions have risen recently after the assassination of Hamas political bureau chief Ismail Haniyeh in Tehran and Hezbollah's senior military commander Fouad Shukr in Beirut's southern suburbs.

Last week, Washington announced that it would strengthen its military presence in the Middle East by deploying more warships and fighter jets.

The aircraft carrier Abraham Lincoln is scheduled to join another US aircraft carrier in the region, the USS Theodore Roosevelt. link

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Joint Operations: We will not allow Iraq to be an arena for any international or regional conflict - Urgent

The Joint Operations Command confirmed, on Tuesday (August 13, 2024), that it will not allow Iraqi lands to become an arena for any international or regional conflict, while indicating that Iraq will not be a starting point for attacking others.

The spokesman for the command, Major General Tahseen Al-Khafaji, said in an interview with "Baghdad Today", "According to the directives of the Commander-in-Chief of the Armed Forces, Mohammed Shia Al-Sudani, Iraq cannot allow itself to be an arena for settling scores and does not accept attacks from within or from without."

He added, "The Iraqi position is clear, which is to prevent it from being used as an arena for any regional or international conflict in any way, and it will not be a starting point for attacking others."

The Iraqi arena has recently witnessed security incidents represented by the bombing of aircraft that the Popular Mobilization Authority said were American, on units in the Jurf al-Sakhar district, north of Babil Governorate, while the Ain al-Assad base in Anbar Governorate was subjected to a missile attack that resulted in injuries among the American forces stationed inside the base.

These developments come in light of the war waged by the Zionist entity against civilians in Gaza, which has been reflected in the rest of the countries that have entered the war against the entity, including Iraq, where armed factions in Iraq announce from time to time the implementation of operations targeting the entity with drones at times and missiles at other times, in addition to participating with the Houthi Ansar Allah in Yemen to carry out these operations.

The world is currently waiting for Iran to respond to the assassination of the head of the political bureau of Hamas, Ismail Haniyeh, in the heart of the capital, Tehran, but it has not yet implemented the response.

Observers expect that Iran will carry out a devastating strike targeting Tel Aviv in cooperation with the Lebanese Hezbollah, which also vowed to respond to the assassination of the leader Fouad Shukr in Lebanon. link

Mot: hhhhheeeeyyyyy ----- Macarena ~~~ https://www.youtube.com/watch?v=MMRVbhbIkjk

IQD Update - Iraq Dinar News - Currency Value - Stock Exchanges - Ministerial Council of Economy

Militiaman and Crew: 8-12-2024

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

Good Morning Dinar Recaps,

Source:CoinGeek

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I am referring only for the purposes ofanalysisandclarificationof themechanism of financial crisesoccurringin major capitalist centersand thentheir transition to global economic crises,

as I previously mentioned in the previous article titled:The global economic paths are single (Monetary chaos)and

by that I meant that this chaos has a major role in the occurrence of obvious crises, as fragile economies complain of the occurrence of continuous economic crises, at the very least during the economic cycle, which is known as follows (they are fluctuations that occur in economic activity, moving from a state of recovery and growth to a state ofrecessionand recession,wheregrowth declinesandunemployment increases, and thenthecycle continues until recovery occurs.

Experts in economics attribute the causes ofeconomic crisesto the fact that theyare crisesexportedfromadvanced economies(from abroad)todeveloping economies, and

they are a product ofglobalization, which hasopened borders wide with international agreements binding on countries, and the arms of globalization have helped in deepening them, especially theInternational Monetary Fund, theWorld Bank, theWorld Trade Organization, and the Organization.

USAIDinimposing their strict, binding conditions, whether in the field of financing and granting loans or aid that countries need, and the necessity of applying them to the policies of those countries in a way that achieves a high degree of economic liberalism.

Here the picture becomes clear regarding the export of crises that are at the forefront of the financial markets, as money is the basis.

As for the meaning and concept ofdeportation, with a simpledefinition,

it is thedeportationof economic crises internallyby countries receiving funding and aid, so the solutions are patchwork, so you find crises continuing in some countries.

Themonetary chaosleft behind by the world’s decision toabandon the gold standardas a standard for evaluating currencies in 1971, liberalize exchange systems, and liberalize capital movements is behind the occurrence of economic and financial crises without radical solutions.

Thus,moneyis thebasis of economic affliction, especiallyin countries that do not manage it well..

Naturally,monetary chaoscausesexchange ratestofluctuateanddifferences between the official rate and the parallel rate.

It is a prominent phenomenon inemergingandweak economies.

Examplesinclude, but are not limited to, the Turkish, Iranian, Egyptian,Iraqi, and many others, along with other reasons, of course, which are the reason for the occurrence of financial crises.

Crisesare a phenomenon thatoriginates from abroadand istransmitted through solutions faced from within, which causes continuous financial crises in the countries where their crises are resolved, and this is what must be paid attention to.

Hence my choice of the title of the article:Financial crises between export and deportation.
https://alsabaah.iq/100870-.html

For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/

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You are here in 2024.

#XRP Tokenization of Everything

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Epic Economist: This is What the Final Stages of a Bubble Economy Looks Like Just Before a Collapse

Monday, 12 August 2024, 1:08 AM

As we navigate the complex landscape of our economy today, it feels like we are precariously perched on the edge of a giant bubble ready to burst. The sensation is akin to standing on the precipice of a high cliff, where the view is breathtaking yet terrifying.

Ever since the Great Recession crashed down upon us, our leaders have resorted to extreme measures never before witnessed in modern economic history. The cumulative impact of these actions casts long shadows on our financial future, leaving us to wonder: how long can this bubble hold?

In the years following the Great Recession, the Federal Reserve embarked on a bold policy of quantitative easing, effectively creating trillions of dollars out of thin air to inject liquidity into the financial system. While designed to stave off a more profound crisis, this widespread injection of capital has consequences that reverberate through the economy. Initially, it seemed like a necessary remedy; stock markets soared, and optimism flourished. However, there’s an underlying tension that accompanies that rise—an awareness that such hyperinflation of currency cannot last indefinitely.

As individuals, we feel this dissonance in various ways. On one hand, we celebrate record-low unemployment rates and much-needed support for struggling households; on the other, alarming signals emerge from the depths of the financial system. The feeling is like riding a roller coaster: exhilarating yet unnerving, as we rise higher and higher, the anticipation of a steep plunge lurking just around the corner.

Compounding our economic anxiety is the sheer scale of our national debt, which has surged to a staggering $35 trillion and continues to climb at an alarming pace. This debt—larger than the economies of many nations—stands as a testament to our governing bodies’ willingness to incur liabilities with seemingly little regard for future implications.

Politicians in Washington appear locked in a cycle of spending, often prioritizing short-term gains over long-term stability. As they crawl into increasingly uncharted territories of fiscal policy, there exists a genuine fear within us: what happens when the weight of this debt becomes untenable? What will the burden of repayment mean for future generations? The anxiety of living at the edge of a bubble is exacerbated by the constant hum of pessimism about potential inflation, interest rate hikes, or worse, another financial collapse.

Beyond spreadsheets and stock prices, we must not forget the human element of these financial machinations. The everyday worker, the small business owner, the college graduate forging a path through adulthood—these individuals feel the weight of economic uncertainty most acutely. As wages stagnate and living costs rise, we find ourselves caught in a cycle of disappointment and disillusionment. The optimistic images projected by the media often clash with our lived realities where the prospect of homeownership becomes less attainable, and aspirations are shelved for more immediate needs.

In this environment, we become both wary and resilient. We adapt, find creative solutions to our challenges, and hold tight onto hope, even as we stand teetering at the brink of unpredictability. The social fabric stretches thin, yet pockets of community resilience emerge, offering solace amid chaos.

So, how does it feel to live on the edge of a bubble? It feels like a rushing river of uncertainty where the future is unknown and precarious. It’s a place where we balance hope for economic recovery against the looming fears of another collapse. As we look forward to what policymakers will do next—whether it’s dialing back fiscal aggression or making more radical choices—we can only brace ourselves for the consequences that lie ahead.

The bubble may one day burst, leaving us to reckon with the fallout. The feeling of living in this moment is one of shared anxiety, yes, but it’s also an opportunity to prepare for what comes next. As we reflect on the lessons from the past, we must advocate for a more sustainable future, where radical solutions don’t come at the expense of economic stability. Only then can we hope to find a balance that helps maintain our footing on this unstable ground.

Watch the video from Epic Economist for more information.

https://dinarchronicles.com/2024/08/12/epic-economist-this-is-what-the-final-stages-of-a-bubble-economy-looks-like-just-before-a-collapse/

https://youtu.be/APDlELtC6To

TNT:

Tishwash: Government Advisor: Increased Export Capacity Boosts Currency Value

The financial advisor to the Prime Minister, Dr. Mazhar Mohammed Saleh, stated that the global currency rates are determined in two main ways: floating and fixed prices, indicating that there are many local and international factors that control the strength of the currency, such as supply and demand, interest rates, inflation, growth in the local economy, trade balance, and others.

While he pointed out that the strength of the national currency is linked to its external value, specifically the exchange rate, as the external value of money is directly linked to the stability of the current account of the balance of payments, especially in the long term.

Saleh said in an interview with “Al-Sabah” followed by “Al-Eqtisad News”, that “the stability of the external value of the currency requires a balance or surplus in the current account of the balance of payments relative to the gross domestic product, which should indicate a stable state at a minimum of no less than 4 percent annually, and that achieving this goal certainly depends on a sustainable increase in the annual growth rate of the gross domestic product, and exports exceeding imports within the country’s trade balance.”

Dr. Saleh pointed out that if “the country has the capacity to export goods and services more than it imports, this enhances the value of the national currency, especially the external value of the currency itself, and here the economy indicates a positive state, in addition to the availability of supporting foreign reserves that represent the main buffer against potential external factors and their effects on the overall economic situation.”

The government advisor also explained that “foreign reserves express the ability to maintain the stability of the external value of money, i.e. the stability of the exchange rate, including the strength of the commercial efficiency of reserves, which should cover the money supply in the broad sense, and more than 75 percent of that supply, noting at the same time that high sovereign and private debts can weaken the business, unless there is good financial management of debts that always leads to strengthening confidence in the national currency.”

Saleh pointed out that “the other aspect that is linked to the value and stability of the currency is the internal value of the national currency. Just as we talk about the stability of the external value of the currency, i.e. the exchange rate and its exchange power with other currencies, the internal value of the currency is the other aspect of the stability and strength of the currency. Here, the value of the national currency is directly linked to the general level of prices, i.e. the inflation index.” He explained, “If the general level of prices means the strength of goods and services expressed in money, then there is a correlation between price stability and the value of the national currency itself. This requires the availability of a wise monetary policy undertaken by central banks that makes the growth in the money supply commensurate with the growth in the gross domestic product or national income.”

The speaker noted that “the quantity theory of money is based on the principle of the neutrality of money, which holds that the cause of inflation in the long run is money itself, as growth in the money supply that is not proportional to growth in the gross domestic product leads to either inflation or contraction in the growth of the general price level. Therefore, the effect of money on the overall economy, as addressed by the quantity theory of money, means that if the amount of money in the economy increases, and there is no parallel increase in economic output, this will lead to an increase in the general price level.” link

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Tishwash: Due to financial violations, a representative demands that Sudanese terminate the assignment of governor of the Central Bank

Today, Monday, member of the Parliamentary Integrity Committee, Hadi Al-Salami, called on the Prime Minister to end the assignment of the Governor of the Central Bank, Ali Al-Alaq, stressing that he will direct oral questions to the Governor of the Central Bank.

He told Al-Maalouma Agency, “There are parliamentary demands to end the assignment of the Central Bank Governor due to his failure to control the official dollar exchange rate and the parallel price.”

He added, "There are many observations on the performance of the Central Bank Governor, in addition to his reaching the legal age, indicating that he directed questions to the Central Bank Governor and is waiting for a date to be set by the Presidency of the House of Representatives to host him inside the House of Representatives.”

He stressed that “the reason for the hosting request is the presence of a major defect in the bank’s work and the existence of financial violations estimated at approximately $120 million per month.” link

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Tishwash: Signing a cooperation protocol between the Iraqi and Egyptian stock exchanges...aims at this matter

Today, Monday, the Chairman of the Board of Governors of the Iraq Stock Exchange, Thaer Adnan Hashem, signed a cooperation protocol to enhance joint work with the Egyptian Stock Exchange management.

The media office of the Iraq Stock Exchange stated in a statement received by "Al-Eqtisad News" that "the Chairman of the Board of Directors of the Egyptian Stock Exchange, Ahmed Al-Sheikh, signed a cooperation protocol between the stock exchanges of the two countries with Thaer Adnan Hashem, Chairman of the Board of Governors of the Iraq Stock Exchange (Iraqi Stock Exchange), in the presence of Faisal Al-Haimus, Chairman of the Iraqi Securities Commission, and Hiba Al-Sayrafi, Vice Chairman of the Egyptian Stock Exchange."

He added that "the protocol aims to strengthen cooperation ties and raise the level of coordination between the two parties, increase prospects for joint work and exchange of expertise and information in all aspects of investment and develop existing legislative procedures for both parties, in addition to working to increase investment awareness and attract mutual investments between the two countries and direct savings towards investment in securities, as well as support the transition to the digital economy to increase the competitive capabilities of both stock exchanges."

In turn, the Chairman of the Egyptian Stock Exchange, Ahmed El Sheikh, confirmed that "the protocol aims to develop joint cooperation between the two parties and exchange expertise and information regarding updating legislation, regulations, procedures, work programs and methodologies related to trading in securities, as well as exchanging periodic and annual bulletins issued by both stock exchanges, as well as exchanging periodic information related to companies registered and traded in the two markets."

He added: "We are working to provide the basic information that investors in both countries need to increase mutual investments in the two stock markets."

He pointed out that "the two parties will discuss mechanisms to support and diversify the financial products available to investors and increase liquidity in both markets," stressing that "the two parties will work to encourage capacity building and training between brokerage firms and companies listed on the two stock exchanges in a way that serves the achievement of the goals of spreading awareness and exchanging expertise."

He explained that "signing this protocol comes within the framework of implementing Article (58) of the Egyptian Stock Exchange's development strategy, which falls under the sixth axis related to "promoting and spreading financial culture, training and international relations."

In this context, Faisal Al-Haimus, Chairman of the Iraqi Securities Commission, stressed that “signing this protocol represents a vital step towards deepening cooperation between the stock markets in Iraq and Egypt, which reflects our common keenness to strengthen economic relations between the two countries,” noting that “this agreement does not only aim to exchange expertise and information, but also seeks to develop the infrastructure of the financial markets in both countries by adopting the latest technologies and applying the best international practices.”

Al-Haimas added: “We realize that financial markets represent the cornerstone of developing the national economy, and therefore strengthening the partnership between the two markets will directly contribute to achieving sustainable economic growth and attracting foreign investments. We also believe that this protocol will open new horizons for cooperation in various fields, such as financial innovation and the development of new financial products, which will help enhance the competitiveness of both markets.”

Al-Haimas stressed the “commitment of the Securities Commission to provide full support for the success of this cooperation, noting that the Commission will work to provide the appropriate regulatory environment to implement the provisions of the protocol effectively,” expressing his “confidence that this cooperation will enhance the efficiency of the two markets, and increase levels of transparency and disclosure, which will enhance investor confidence and contribute to achieving the goals of joint economic development.”

For his part, Thaer Adnan Hashim, Chairman of the Board of Governors of the Iraq Stock Exchange (Iraqi Stock Exchange), stated: “The signing of this protocol, which was sponsored by the Chairman of the Securities Commission / Faisal Al-Haims, is an important step towards enhancing joint cooperation between Iraq and Egypt in the field of securities markets, as this agreement aims to exchange expertise and information between the two markets, especially with regard to updating the legislation, regulations and procedures related to securities trading.”

He explained that "this protocol is an opportunity to develop the infrastructure of financial markets, increase investment awareness, and attract mutual investments between the two countries. We will also work to support the transition to the digital economy, enhance the competitive capabilities of both stock exchanges, and encourage capacity building and training between brokerage firms and listed companies." link

Government Advisor: Increased Export Capacity Enhances The Value Of The Currency

Economical 08/12/2024 Baghdad: the mainstay of the emirate

Thefinancial advisor to the Prime Minister, Dr. Mazhar Muhammad Saleh,stated thatcurrencyprices are determined globally in two main ways:floatingandfixed rates, indicating that

there are many local and internationalfactorsthatcontrol thestrengthof thecurrency, such as

supplyanddemand,
interest rates,
inflation,
growthin thelocal economy, the
trade balance, and
others.

Just as we talk about thestability of the external value of the currency, that is, theexchange rateand itsexchange strength with other currencies, theinternal value of the currencyis the other aspect of thestability and strength of the currency, andhere thevalue of the currency is linked.”

Nationalism is directly linked to thegeneral level of prices, that is, theinflation index,” indicating,

“If the general level of prices means the strength of goods and services expressed in money, thenthere is acorrelation between price stability and the value of the national currencyitself, and

this matter requires the availability of awisemonetary policyundertaken bycentral banksthatmakesgrowthIn themonetary massisproportionalto thegrowthin gross domestic productornational income.” The spokesman noted that

“thequantitative theory of moneydepends on theprinciple of money neutrality, which believes that thecause ofinflationin thelong runismoney itself, as

growthin themoney supplyin a waythat is not proportional to growth in the gross domestic product leadsto eitherinflationorcontractionin thegrowth of the general level of prices.

Therefore, theeffect of money in the overall economy, as addressed by thequantity theory of money, means thatif thequantity of money increasesin the economy, andthere is no parallel increase in economic output, thiswill lead to an increase in the general level of prices. https://alsabaah.iq/100869-.html

For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/