Last week, Prime Minister Mohammed Shiaa Al-Sudani, while answering the questions of those present in the (Peston Talk) program on the Rudao screen, said that economic reform starts from financial and banking reform and the confirmation that the economic vision of the government is based on a careful diagnosis of the obstacles and challenges of economic reform, which has not been achieved since 2003 because the banking and financial sector has not witnessed any real reform process for two decades because without a healthy financial and banking sector, a healthy national economy cannot be built.
Therefore, the Prime Minister’s vision for comprehensive and radical economic reform comes in line with what was mentioned in more than 12 axes that discuss economic reform, the details of which were mentioned in the government curriculum, which was focused on and considered one of the priorities to be implemented.
What is interested here is what is mentioned in the twelve axis (financial and banking reform) and the paragraphs (1, 2, 3, 4, 5, 6 and 7) thereof, which stated clearly and accurately that (financial and banking reform in a way that provides a real and effective base for the advancement of the Iraqi economy and stimulate investment through restructuring and mechanization of government banks, reconsidering their work, stimulating private banks and enabling them to be able to support investment and development in a real way) and that the vision of the Prime Minister focuses on the importance of the financial and banking sector so that within the financial structure of the economy occupies a vital center in mobilizing savings and financing development through its ability to flow money between the categories of the national economy, which is the main step for economic reform and the measures currently carried out by the bank The Central Bank, with high coordination with the support of the government, to implement its new comprehensive strategy to reform, develop and classify banks according to several axes, most notably the completion and implementation of projects from the monetary economy to the digital economy and the community of cash, and the development of national payment systems by establishing the National Company for Payment Systems, which will develop and operate payment systems under the supervision of the Central Bank, launch the strategy of financial inclusion, work to adhere regularly to international standards of the international standards of the global financial system, focus on organizing foreign trade financing, opening accounts for Iraqi banks with correspondent banks, controlling foreign transfers, opening dealing in other foreign currencies, in addition to the US dollar. Also, drawing up a national plan for lending that adopts new mechanisms to regulate the granting of loans for the development Small and medium enterprises according to the initiative of the Prime Minister as a leader for the employment of young people and qualifying them to choose their projects by relying on the own financial capabilities of banks and attracting deposits to provide and invest liquidity in accordance with the instructions of the Central Bank.
And directing the initiative of financing small and medium enterprises towards the economic and productive sectors that have the most impact on contributing to development. The establishment of Riyada Bank, the establishment of the Loan Guarantee Company, the activation of the work of the Deposit Guarantee Company and the amendment of its internal system to enhance confidence in the banking sector. Continuing the measures and using monetary policy applications to control the exchange rate and reduce the gap between the official price and the black market price, which began to narrow towards reaching the target and balanced exchange rate.
Referring to the Prime Minister’s assertion that the government cannot accept that the official exchange rate is equal to the black market rate. All this indicates that the many services provided by the banking system in the developed countries were not able to achieve their progress and economic growth. The strength of the banking structure has become a necessity for building a prosperous economy that adopts modernity and sound sustainable development. The development of banking habits and awareness of the importance of developing banking facilities in a way that secures building the national savings base and developing the financial resources necessary to build the economy has become one of the priorities of the decision-maker.
Therefore, the safety of the banking system and the mobilization of sound decisions in the field of economic policies towards the development and modernization of banking systems ensures achieving momentum in the world of real and financial investment, which revives the financial and monetary markets, which leads to attracting foreign capital seeking profit. The government and the Central Bank should take the necessary measures to fortify and strengthen local banking systems in a way that makes it able to face the challenges of moving capital from and from abroad without causing money laundering or smuggling of foreign exchange, thus increasing the profitability of financial and banking institutions and strengthening the structure of GDP. This is what the government and the Central Bank are currently active in, which is in fact a vision and a new reformist economic thought to harness all the possibilities and energies in order to achieve it in the next stage.
They're talking about reducing Iraq's dependence on oil. Dependence on oil is going to go away because they have non oil related products...services...and sectors. That's going to be from the taxes and tariffs at the borders, imports, exports, natural resources. They're going to have other than just oil. They're going to have other circumstances...They're talking about 350 million ton of sulfur...They're trying to achieve sustainability for the private sector..
Everybody knows Iraq is about to go International and they're going to have a digital transformation ...When they have this investment budget and they start spending...Iraq is going to be filthy rich with revenue streams from the electronic borders, agriculture, tourism... mining, sulfur, phosphates...they're going to have revenue like no other.
There isn't anything else like it, in my lifetime, that I can see is going to trump Iraq... Don't forget...Iraq has a massive amount of hydrogen for clean energy...nobody else is talking about it...The amount of money and revenue streams Iraq is going to have is almost incomprehensible...It really is intense on how much money these guys are going to make on a regular basis..
Gold Telegraph: China signaled to global markets that they should no longer follow the Western gold pricing standards!!!
(Part of de-dollarization.)
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Did you ever hear of the Independent Treasury Act of 1920? The Independent Treasury Act of 1920 suspended the de jure (meaning “by right of legal establishment”) Treasury Department of the United States government. Our Congress turned the Treasury Department over to a private corporation, which when seen in its true light, is a fascist monopolistic cartel, the Federal Reserve and their agents.
The bulk of the ownership of the Federal Reserve System, a very well-kept secret from the American Citizens, is held by these banking interests, and NONE is held by the United States Treasury: Rothschild Bank of London Rothschild Bank of Berlin Warburg Bank of Hamburg Warburg Bank of Amsterdam Lazard Brothers of Paris Israel Moses Seif Banks of Italy Chase Manhattan Bank of New York Goldman, Sachs of New York Lehman Brothers of New York Kuhn Locb Bank of New York.
The Federal Reserve is at the root of most of our present statutory regulations, “laws”, in the control and regulation of virtually all aspects of human activity in the United States, through successively socialistic constructions laid upon the Commerce clause of the Constitution. Basically, the Federal Reserve is the “STATE” of the United States. Thomas Jefferson once said: “I believe that banking institutions are more dangerous to our liberties than standing armies”.
The Gold Standard is how we undo all of this corruption.
Sudanese to US Deputy Secretary of State: Government Responsible for Protecting Embassies and Rules, 21 DEC
Baghdad – 964
Prime Minister Mohammed Shiaa Al-Sudani said on Wednesday that the government is responsible for imposing security and stability and protecting diplomatic missions, embassies, and international coalition positions in Iraq.
This came during his reception, the Deputy Secretary of State of the United States of America Victoria Nuland, in Baghdad, where he congratulated the success of the provincial council elections.
A statement of the Sudanese Media Office, the network received 964 copies of it:
The Prime Minister, Mr. Mohammed Shia Al-Sudani, received this Wednesday morning, the Deputy Minister of State of the United States of America, Ms. Victoria Nuland, and her accompanying delegation, where she congratulated the Iraqi government on the occasion of the success of the provincial council elections.
The meeting witnessed a review of bilateral relations between the two countries and ways to strengthen them in the areas of joint cooperation and the strategic framework agreement between the two countries.
During the meeting, the Prime Minister stressed the importance of working to promote the stability of the region, and referred to the responsibility of the Iraqi government in maintaining security on its territory, its seriousness in imposing security and stability and protecting diplomatic missions and embassies, and the locations of the presence of international coalition advisers working in Iraq, stressing the government’s refusal to take any action on Iraqi territory by any external party.
During the meeting, Mr. Al-Sudani also touched on the events in Gaza and the heinous crimes committed against the Palestinians, stressing that the international community has lost much of its credibility because of its positions towards what is happening in Gaza.
For her part, the Assistant Secretary of State referred to the cooperation relations between the two countries, and the keenness to sustain them in several areas, and explained that the United States is moving to end military operations in Gaza as soon as possible, and work towards a political path that guarantees the legitimate rights of the Palestinians.
The reforms are absolutely waiting on the rate change to implement. They can't implement the reforms without changing the rate. They're telling you the rate change itself is very clearly waiting and has been waiting this entire year on these [provincial] elections...
Since October of last year [Iraq's Federal elections] they have been setting the economic stage for the rate change... They're done setting the economic stage. They don't have any more economic steps to do. That's why they're finishing the very last step of removing and cleaning up corruption at the second half of the government - The provincial level.
Today on Monday Iraq is holding their elections. What does this mean to us? According to Iraq's Central Bank removing corruption is the absolute minimum requirement for Iraq to be eligible to revalue their currency..
.These are the provincial level elections. It's the second half of the government. They already completed and held all their federal elections in October of last year...These elections are critical to the country to move it forward...
tWhen we told you new currency coming out, it is. When we told you the rate will change, it is. Now, it depends how it's going to go. If they continue to attack the embassy and continue the bull shit over there it can slow down things. But here's my expectation, I can be wrong, I can be right, my expectation the 1st of January will be no more [dollar]. Couple days later, a week later, new currency will come out. And maybe 2 or 3 days later a rate will come up ...That's what I think.
The United States have signed off on everything and threw the ball to the IMF. Now everything is in the hand of the IMF. The World Bank, Treasury, CBI, all met...This how it's going to go now - As soon as they delete all the dollars from Iraq...things going to change.
Shafaq News / The Prime Minister of the Kurdistan Region Masrour Barzani discussed, on Wednesday, with the US Deputy Secretary of State for Political Affairs Victoria Nuland, the controversial issues between Baghdad and Erbil and the need to resolve them in accordance with constitutional rights.
The Presidency of the Regional Government said in a statement reported to Shafaq News that “Barzani received Nuland and her accompanying delegation, and during the meeting, which was attended by the US Ambassador to Iraq, Alina Romanoski, exchanged views on the latest developments and developments in Iraq and the region, and discussed ways to strengthen bilateral relations.”
She pointed out that “the meeting focused on the need to resolve the contentious issues between the Kurdistan Region and the federal government, as we agreed on the importance of the federal government respecting the constitutional rights of the region, and the need for Baghdad not to treat the citizens of Kurdistan as second class, and we stressed the need to strengthen the foundations of the federal system and establish democratic principles and stabilize them in Iraq.”
For her part, the US Deputy Secretary of State renewed her country’s support for the Kurdistan Region and its constitutionally guaranteed rights within the framework of federal Iraq.
The meeting also addressed “the importance of consolidating a culture of coexistence and religious freedom, as well as the protection of human rights and the general components in Kurdistan.”
FIREFLY:Bank guy said the dinar inside our country has steadily being established with stability...Because of these efforts the dollar is dropping every day this whole week.
It had a major decline...the dollar will continue to drop. Start the new year with no dollar actions allowed anywhere.
FRANK: ...I believe somewhere around the first they have no choice but to give you value...
Babylon Earns UNESCO World Heritage Status: A Triumph for Iraq and Global Heritage
In a significant nod to the world’s cultural heritage, the United Nations Educational, Scientific and Cultural Organization (UNESCO) has accorded the ancient Mesopotamian city of Babylon the status of a World Heritage Site. This landmark decision was taken during the 43rd session of the UNESCO World Heritage Committee in Baku, Azerbaijan. Babylon, nestled 85 kilometers south of Baghdad in Iraq, is a celebrated city of antiquity, and was once the pulsating heart of the Neo-Babylonian Empire.
A New Chapter for Babylon
Renowned as the site of the Hanging Gardens, one of the Seven Wonders of the Ancient World, Babylon’s rich historical and architectural heritage is indisputable. The surviving structures, including the iconic Ishtar Gate, the Processional Way, and the Lion of Babylon, serve as timeless testimonies to the city’s bygone glory. This prestigious designation as a World Heritage Site, is expected to bolster the protection and conservation of these ruins, while simultaneously promoting tourism and educational prospects in the region.
A Triumph for Iraq
The endeavor to attain a spot for Babylon in the UNESCO list has been a long-cherished goal for Iraq. The nation has been relentlessly working towards preserving and gaining recognition for its ancient heritage. This achievement underscores Iraq’s commitment to its past and sets a precedent for future conservation efforts.
Unearthing Babylon’s Magnetic History
In a related development, a recent study has unveiled that ancient bricks from Iron Age Babylonia have recorded changes in the Earth’s magnetic field. This discovery provides a unique and invaluable ancient record of the Earth’s magnetic field’s transient changes, furnishing a fresh perspective on the development of ancient Mesopotamia. This study also proposes an alternative method of dating ancient bricks and ceramics by correlating the reigns of ancient kings with fluctuations in the Earth’s magnetic field. This breakthrough has broad implications for archaeologists, enabling them to pinpoint ceramic artifacts within years or even decades of their creation.
Article: "Iraq links Baghdad US embassy attackers to security services"
The attacks against US forces have continued. The Iraqi government said several people who are alleged to have attacked the US embassy in Iraq last week have links to the country security services...
Article: "Iraqi council elections: Almost 17 million voters head to polls on Monday"
Iraqis have begun voting for the first time in a decade to select new provincial council members who in turn will appoint governors...results are expected to be announced on Tuesday.
Iraq cuts oil production by 223,000 barrels per day voluntarily. Iraq is over 90% dependent on oil revenue and oil prices, therefore when OPEC speaks we listen and we listen very carefully, almost as carefully as when the CBI makes and announcement.
Article: "CIA warns Baghdad of serious consequences if attacks against US personnel continue"Since October 17th the US presence in Syria and Iraq has been under constant threat.
[We] tried to ignore this news however, that is not possible Article: "Iraqi PM places security forces under investigation over US embassy attack" Iraq is doing what they can, but have not been able to stop the attacks against American Forces in Iraq. Article: "Iran-backed militia vows more attacks after US Embassy in Iraq comes under fire" When you attack the embassy of another country, this is far more serious.
The Central Bank of Iraq confirmed some Iraqi banks are transferring dollars from their accounts to intermediary banks who are distributing the dollars to their customers. The Central Bank of Iraq said this will contribute to reducing the exchange rate of the parallel dollar...[We're] thinking this is to keep the black market intact. This means the decision to only use Iraqi dinar in all transactions beginning January 1, 2024 may cause concerns and the Central Bank of Iraq is making moves to control any possible issues.
Article: "Inflation rate in Iraq declines in 2023 compared to 2022"
The Central Bank of Iraq announced the inflation rate decreased in 2023 compared to 2022. Inflation in Iraq reached approximately 3.7% in August 2023, compared to 4.4% in August 2022. Iraq's inflation rate is good compared to many countries where inflation has reached 30% and 40%...
Wealthy Iraqis move to the Caribbean. Guess who's on the list? ...The leader of the Kurdistan region and the former governor of the Central Bank of Iraq and other businessmen suspected of corruption...Iraq's politician are monitored by the organized Crime and Corruption Report Project (OCCRP)...This is part of the effort to catch
individual involved in corruption.... The project reported the purchase of Dominica (tiny Caribbean island) citizenship...enabling them to travel worldwide without a Visa...This country's visa is magical. Citizens can travel to 144 countries without a visa..
The country has no tax on foreign income, capital gains, inheritance, stock profits, wealth or gifts...The former Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif, obtained Dominica citizenship in 2017 along with his wife and two children and did not renounce it upon his appointment as governor of the CBI which was clear violation of article 18 paragraph 4 of the Iraqi Constitution. He held the position of governor of the Central Bank of Iraq from September 2020 until his removal by the current prime minister on January 23, 2023.. .
There are corruption questions...a legal complaint... has been filed due to the loss and depletion of millions of dollars regarding forged import documents.
The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless. It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange. Most of these reserves are held in US dollars since it is the most traded currency in the world...
The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history.
The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless. It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange. Most of these reserves are held in US dollars since it is the most traded currency in the world...
The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history...
Article: " Good News for Investors: US Treasury Continues to Omit Vietnam Currency Off Currency Manipulator's List"
Vietnam was not included on the US Treasury Department currency manipulators list this time. The list comes out twice a year and includes countries that may have surpassed the value of their currency. When a country does this it cheats investors on potential profits...Iraq is rebuilding after the war so is not yet subject to currency manipulation lists...
On Wednesday the Prime Minister of Iraq's advisor took the lead from the Central Bank of Iraq and announced Iraq has the largest foreign currency reserves in its' history and that the exchange rate treatment package aims to prevent profiteering at the expense of the economy...
Article: "Inflation rate in Iraq declines in 2023 compared to 2022"
The Central Bank of Iraq announced the inflation rate decreased in 2023 compared to 2022. Inflation in Iraq reached approximately 3.7% in August 2023, compared to 4.4% in August 2022. Iraq's inflation rate is good compared to many countries where inflation has reached 30% and 40%...
Wealthy Iraqis move to the Caribbean. Guess who's on the list? ...The leader of the Kurdistan region and the former governor of the Central Bank of Iraq and other businessmen suspected of corruption...Iraq's politician are monitored by the organized Crime and Corruption Report Project (OCCRP)...This is part of the effort to catch
individual involved in corruption....The project reported the purchase of Dominica (tiny Caribbean island) citizenship...enabling them to travel worldwide without a Visa...This country's visa is magical. Citizens can travel to 144 countries without a visa..
The country has no tax on foreign income, capital gains, inheritance, stock profits, wealth or gifts...The former Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif, obtained Dominica citizenship in 2017 along with his wife and two children and did not renounce it upon his appointment as governor of the CBI which was clear violation of article 18 paragraph 4 of the Iraqi Constitution. He held the position of governor of the Central Bank of Iraq from September 2020 until his removal by the current prime minister on January 23, 2023...
There are corruption questions...a legal complaint... has been filed due to the loss and depletion of millions of dollars regarding forged import documents.
The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless. It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange. Most of these reserves are held in US dollars since it is the most traded currency in the world... The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history.
The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless. It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange. Most of these reserves are held in US dollars since it is the most traded currency in the world...
The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history...
Article: "Good News for Investors: US Treasury Continues to Omit Vietnam Currency Off Currency Manipulator's List"
Vietnam was not included on the US Treasury Department currency manipulators list this time. The list comes out twice a year and includes countries that may have surpassed the value of their currency. When a country does this it cheats investors on potential profits...Iraq is rebuilding after the war so is not yet subject to currency manipulation lists...
On Wednesday the Prime Minister of Iraq's advisor took the lead from the Central Bank of Iraq and announced Iraq has the largest foreign currency reserves in its' history and that the exchange rate treatment package aims to prevent profiteering at the expense of the economy...
Welcome everybody to the big call tonight. It's Tuesday, December 19th and you're listening to the big call. Christmas is six days away. Wow. Welcome everybody tonight to the call. We're excited to be here to share with you what information and intel we have.
And hopefully, you guys are all getting prepared for quite a bit to happen this week - still this week. So, without further ado, let's go ahead and pray the call in.
Let's just go into the Intel for right now, where we are because we did get some attention in the last several days. That is pointing to a Tuesday / Wednesday start. We did not get a notification today. However, this information from this afternoon is talking about us getting notified late tonight. Which I'm going to scrub that as overnight tonight - Or by around 11 o'clock tomorrow morning.
Now if we get notified overnight with emails, my gut is in the early morning or before 11 Tomorrow, then guess what?
We hope that the redemption centers are fully staffed so that we can call the call center with the 800 number that will be in our email and then we can set our appointments quite possibly start tomorrow afternoon. Think that's very much in play. And if we didn't get to start tomorrow for some reason, Thursday would obviously be in play. They want this blessing to go to come to us before Christmas this year. 2023 Christmas. That's the goal. That's the plan.
And I believe even though we're only six days from Christmas I believe we still we'll get this done this week and get the toll free numbers out to us which will be an 800 number I guess. And then we've all set our appointment and then about two hours later, the first appointments will be available - 30 minute appointments with 10 minutes after each appointment has the time to reset computers, reset delarue machines and get for the next person to come in.
They want to be in and out of there like yesterday, especially Zim holders, Zim holders have priority. When you call in and I don't know exactly how it's gonna work if it's automated to an extent. And then you get turned over to a live person. I believe that will be the case. They'll connect you - redirect your call redemption center that you've indicated by your zip code. Once your zip code is known they know Okay, let's see where this person wants to do his or her redemption of zim and exchange of currencies.
Okay, so everything is set to go. Redemption centers are fully trained and ready, they've been making. Let me tell you what they've been doing in the last few days. Why? Like Saturday/ Sunday.
They've been moving our new USN into place at both redemption centers and banks.
Now here's how it's gonna work.
Our new USN currency – our folding new money that replaces the USD will actually go into the ATMs on New Year's Eve night.
Let's call it New Year's Eve because that's what it is. While we're watching Dick Clark's New Year's Eve or celebrating with a loved one or whatever you're celebrating New years this year - It could be way different for them to have ever celebrated before.
While that's happening the new USN will be going into the ATMs so that when you leave switching on and off and on change the software - software will take care of it. So when you go if you were to go, and I'm not suggesting that we do this, but if you were to go and get some cash out of the ATM on New Year's Day when the banks are closed, it should be there ready for you to get the new USN currency.
Otherwise, you have to wait to go into the bank on the second of January and that will be in the banks will be open after the first of January which is New Year's Day which is a holiday. So the money will be transitioning. Starting New Year's Day and the ATMs and on the second of January in the banks.
Now, we plan to go running into the banks to get cash after the first year, no I don't think so. We're going to get up to $3,000 at the redemption centers when we go in for our redemption of Zim and currency exchanges.
But they will possibly give us a mix of USD and USN notes a mix of mixture a combination of the old money and the new and the new money is going to be available as I said but the old US demons we have right now in our pockets or whatever will no longer be used after the 20th of February.
So we get to the 20th of February to get rid of all that USD when you've got on your mattress or in cans out in the yard or wherever you stored in USD currency - spend it - deposit it - get rid of it by the 20th of February because just the new money will be gone combination of USD and USN at the redemption center if we want some cash, don't get it if you don't want any of us getting more than that - if you're if you liked to have a little cash around gp ead and get some – up tp about 3,000 - now they want us to read more than 3000 bucks because they don't want us to get picked off – or hijacked - or whatever -you know by having cash. Too much cash.
You will have a debit card in your exchange a quantum card which you don't use for anything but moving funds from the quantum financial system accounts into your primary or secondary Wells account.
That's your that's your wrap up. The USN has been traded globally for over two weeks now.
It's been traded it's out there okay. This is a digital format of the US in digital.
Let's see a question about Iraq. What kind of elections? I believe it was yesterday. And they have counted their votes. It's it's a three day process in Iraq. For elections. It's not a three year process like It is in the US with stolen elections and so on. But we'll cover that later.
What else is important right now is the timing of when we're supposed to go. I told you guys to be late, which should be I’m guessing overnight tonight. Or wake up to in the morning or get it by 11ish tomorrow before lunchtime. That's the latest information we have is to get it done. And then we started shooting on Wednesday because to what we talked about the past one of our Social Security contacts that works in a department the same day to where they're tired to having the wool pulled over their eyes.
So remember the information we had about October November December on for Social Security freezes and R & R. Well guess what? January is when the Social Security increase those 62 and older that are taking Social Security but if you're taking it now at age 62 and older, you'll get an increase somewhere in the vicinity of about three or $4,000 increase of what you're currently getting. It'd be good, very top Social Security recipients will be bumping 5000 - 5200 a month.
The very top that's the oldest people, ones that made the most pay them again, etc. All right. That's nice. We won't put it down. But here's the real news.
The Restitutional and reclamation allowance as additional reclamation allowance – R & R I call it the short the R & R is to start on the fifth of January. It doesn't mean it's going to be on the fifth or every but it's going to start around the fifth and it goes through various days throughout January for 62 and older. If you're getting Social Security will be a lump sum payment that made into your let's call it social security bank accounts where you're getting direct deposit, or your social, just get this R & R in say the same account.
Okay, wherever you're getting that now, if you're taking social and you're 62 and older, wherever you're getting that deposit that is first Wednesday. second Wednesday Thursday Wednesday. Wednesday, you're increasing in Social Security will happen on your moral Social Security day. But in our in our will be on off days it will not occur on or social security payment day.
And this will be a single lump sum payment for 62 owners. and it could be exchanges if you're a zim holder it's gonna seem like very small but if you're not, it's going to be a significant amount, especially if you're older.
You're 75 or 80 or eight less, you're almost the middle age at 85. You could get a whopping chunk, The nice and nice deposit in RNR. Now, if you're younger, it starts at the age of 30 a 32. Let's call it 61. that age group we believe is being handled. that may be in two different parts of the amount they’re due over two years - H 30 to 58 /50 61.
I don't know. No Contact wasn't absolute about it - The latest thing that we have is we're expecting those young people 30 To 50 to 61 to get paid to them over two years time, but paid out every month would be what payments of the amount that they're due over two years and with the requisite that they don't quit their current job. If they have a job and if they don't have a job that they get a job.
They won't be hard to find jobs. Believe me we've got a lot of need for people that will work with us on our projects that will do a number of cool work opportunities so if you're young, you’re listening to this call - think in terms of continued working. But this would be a nice piece of change to get every month for two years. Really nice.
And of course the older you are, the higher it is the younger you are the lower it is. Okay. And of course if you're 62 and older you're gonna get a one payment lump sum starting the week of let's call it January 5. and beyond in January should be paid fully in January.
So this is going to be quite a 2024 New Year.
Alright, so we know roughly when we're expecting to be notified.
We know when we expect to start exchanges. We know it's going to be before Christmas, but that's what we've been told which is 6 days away. We probably will skip over Christmas Day as far as redemption centers. I would think they'll take that day off, and I think they'll probably stay open the 26 – 27 – 28 – 29 or 30th and possibly 31st of December until maybe six or eight o'clock in the night.
Probably won't be open to 10 o’clock. but probably stay open till five or six, seven o'clock.
And then if they need If they need to which some areas will not be that long. some demographics will only be about five or six days to the open and redemption center zone.
Some areas why like Houston, Dallas, I'm gonna throw in Fort Worth but I don't know. Houston, Dallas, Miami, Orlando, Florida will have redemption centers they'll be open 24/7 around the clock that many Zim holders in Florida, that many in Texas, that they want to make sure those guys get in there - ASAP
They really do want to get them in right away.
And that's going to be good.
Doesn't mean you have to go to those centers. Don't get me wrong. There are over 7000 redemption centers throughout the United States. And I'm meaning mainly continental US.
They'll have some in Alaska, they'll have some in Hawaii. Don't worry, they'll have something there for you to do
And then of course most of us are in the upper and lower 48 states and there are redemption centers about 12 or 1300 in Canada. Oh, don't worry Canada
Your lead bank in Canada, HSBC, our bank - Stay side here is Wells Fargo. They will be the top dog - in Canada it will be HSBC working with Scotia Bank to merge with Royal Bank of Canada.
In Mexico and Latin America. You have Banco Santander, (????? Spelling) which is a tier one bank. They are top bank and also HSBC if they apply if they're if they're there - generally speaking internationally HSBC is going to be your bank internationally
I cannot say that you guys that are in other parts of the world that are hearing this call are going to be using the 800 number.
Because you're going to need to use your redemption centers as they apply or HSBC, or the larger major currency banks who like ANZ Bank, Australia, New Zealand bank and Australia downunder just gonna have to tune into those.
I don't even think our 800 number call centers are going to know which banks to recommend outside of United States and Canada - I don't know that they would know that. And I don't know that except to say what I just told you. So we have to go with that.
The best rates are available only at bonafide redemption centers in the United States for United States citizens. Highest rates are on redemption center screens NOT on the bank screens – I have told you this two or three times already. Just have to tell you again so you would know - that I think we're ready for the most part.
Is this our last call question mark? I hope so. No offense - but I really hope we get these numbers. We get started on exchanges. tomorrow or Thursday. Hopefully tomorrow. afternoon. And we basically are getting ready for Christmas. And then to do to get ready.
Let's see. There was one other question. Yes, there was one of the questions that was brought up in the earlier part of the call.
And it was about traveling with currency – Now - Some of you are driving. Some of you are flying. Our hope is that we get exchanged before you travel for Christmas. Some of you guys I know are traveling now or tomorrow maybe heading out – hey you may be flying in. Whatever it is Christmas is actually on Monday Christmas Eve is Sunday.
A lot of families are having their celebrations Sunday and some are doing individual celebrations with other families on Monday. So what I highly recommend is that you plan on doing you exchanges before you hit the road or before you fly. It is not supposed to be a problem to fly with currency but let me tell you, if you flew with a duffel bag of currency, even if it's fully legit, even it if it's new Iraqi dinar or even if it's Zim or if it's whatever it is, Venezuelan Bolivar whatever it is, you know Vietnamese Dong whatever it is, I would probably advise against this flying with a duffle bag of anything except dirty clothes
But really, really, I'm believing and hoping that we have these exchanges done before Christmas. It's theoretically - when the value of all the currencies change, and you have it in your possession you're traveling with way more than $10,000 US worth of currency - I think TSA is aware that people have currency and are going to be exchanging but I would personally wouldn’t risk it flying with it -If it's larger than an envelope that envelope you put inside - You know your carry on - I certainly don't think that I would work necessarily.
Anyway, guys, let's just believe and get this thing done. And then you travel for Christmas because you don't really want to travel and exchange in a foreign country that you're not familiar with. It's up to you guys. It's totally up to you. You have to make that decision based on the best information and I'm hoping that we get what we're looking for tomorrow by around 11 o'clock in the morning with numbers and get this change and it's only 30 minutes out of your life. Get it done.
Get on get on a plane after you have your debit / credit card. You've got new accounts with Wells. You've got your sat phone, Q-phone - your two phone if you've been programmed, whatever you want to do that Christmas present yourself and then read through the two pages of perks that the banks want to give us - just remember, your best rates are gonna be on the redemption center screens using 800 Number, period end of story
So listen guys that’s what I wanted to share with you - lets look forward to the next couple of days - have a wonderful Merry Christmas, and maybe the best Christmas we’ve ever had - as well as the bestr opportunity for a really joyous 2024 new year.
So lets pray the call out - Thank you everybody - Have a great weekend
