Thursday, October 3, 2024
Iraq and Kuwait resume their negotiations “soon” to solve outstanding problems, 4 OCT
Foreign Minister Fouad Hussein announced the imminent resumption of Iraqi-Kuwaiti negotiations to resolve outstanding problems between the two countries.
A statement from the Foreign Ministry, a copy of which {Al-Furat News} received, said that Hussein “received in Washington Barbara Lev, the US Assistant Secretary of State for Near Eastern Affairs, where they discussed the strengthening bilateral relations and joint cooperation between the two countries. The need for a ceasefire in the region and resolving crises through diplomatic means, and the importance of exerting efforts to help displaced Lebanese and provide support to end the humanitarian crisis.”
The Assistant Foreign Minister expressed his full support for Iraq and the efforts of the Iraqi government in containing the crises.
The statement pointed to “touching on the issue of solving the outstanding problems with the State of Kuwait and the need to return to the negotiating table.”
In this regard, the Iraqi Foreign Minister stressed that “the recent meetings in New York between the Iraqi and Kuwaiti delegations confirmed that dialogues are the right way to solve the problems, and that they will begin soon,” pointing to “Iraq’s real desire to reach understandings to resolve the existing differences.”
According to the statement, the two parties agreed on the need for calm and the keenness of all parties to not expand the circle of conflict in the Middle East, and to exert the necessary efforts to end the conflict and spare the region the risk of escalation.
https://alforatnews.iq/news/العراق-والكويت-يستأنفان-مفاوضاتها-بـالقريب-العاجل-لحل-مشاكل-عالقة
ABOUT ASSET PROTECTION BY FNU LNU., 4 OCT
Fnu Lnu
I have never been accused of being soft spoken...Taxes: ...There are rich people and there are poor people. The difference is that the poor pay taxes all their life and the rich pay little to no taxes.
The Tax Code (IRC) is written for both. You DO NOT have to pay out one third to one half your exchange funds in taxes.
You can use a Charitable Remainder Uni-Trust and pay only 10% in taxes and those taxes are deferred for 20 years if you wish.
Find an Asset Protection organization or attorney...It [The CRUT} is a two page document and gives you the legal right to pay ZERO capital gains taxes... and you can buy and sell using the Trust...This is perfect for real estate but can be used for an unlimited number of purposes..
Next, you do not need an army or "Team" to help you handle your money. You need only find a reputable asset protection firm or attorney...Doing it this way eliminates wealth managers, lawyers, CPA's, investment councilors, etc. The asset professional will usually have an in-house CPA...What exactly are you doing anyway? You are eliminating all three wealth killers.
Those are Lawsuits, Taxes, and Estate Planning...You will...pay minimum taxes, and mitigate Taxes, Lawsuits, and Estate Planning. This...will insure that you get wealthy, stay wealthy, and pass your wealth on to your heirs without probate, estate taxes, death taxes, or capital gains taxes.
Customs: Our revenues during 7 months of this year exceeded one trillion dinars, 4 OCT
Economy News – Baghdad
The General Authority of Customs announced on Thursday that customs revenues exceeded one trillion dinars during 7 months of this year 2024, noting that they are about to implement real reform measures that will positively affect the level of revenues.
The head of the authority, Hassan Al-Okaili, said in a statement reported by the official news agency, and seen by “Economy News”, that “customs revenues during 2022 were 807 billion dinars, and in 2023 revenues increased to one trillion and 33 billion, an increase of 28%, while this year 2024 and until last July, revenues reached one trillion and 145 billion dinars.”
He pointed out that “the authority hopes that revenues will reach 2 trillion dinars by the end of this year, although the current percentage is still below the level of ambition,” stressing that “the authority is about to implement real customs reform measures that will positively affect the level of revenues.”
Al-Okaili added that “the estimated amount of the Authority’s revenues in the budget is 2 trillion dinars, and we are on a path to reach it by the end of the year.”
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Added 2024/10/03 – 3:44 PM
https://economy-news.net/content.php?id=48308
EXCERPTS FROM BRUCE, 4 OCT
EXCERPTS FROM BRUCE
In some cases, they'll use a silent or something different. But point is, it's a simultaneous start. Now what we're hearing about a shotgun start is pretty interesting, because we could get a true, shotgun start, or it could be a slightly staggered start -
here's what I mean by that, the bond holders are supposed to be notified over night tonight or tomorrow morning, and that notifies them that They have money in their accounts, and they can begin gaining access to those funds in their accounts.
Now we are in a different situation because the bond holders for the most part have already ponied up their bonds, had them adjudicated, had them, you know, gone through provenance and all that stuff, and they set up their accounts already,
so it's just a matter of them getting access to the funds in their accounts. That's tier three. We're in tier four, and we've divided it into tier four, A and B, but Wells Fargo, sees it all as tier four, all right, that's fine.
In our case, we’re hearing we're supposed to be notified overnight, tonight or tomorrow.
Warning to Iraqis: new ways to steal your money and smuggle it abroad, 3 OCT
Warning to Iraqis: new ways to steal your money and smuggle it abroad
Economy 10/01/2024 | Alsumaria - Iraq News 16,862 views Alsumaria News - Economic
Through the Internet and mobile phone applications, new digital banks in Iraq are beginning to steal money and smuggle it outside the country, especially with the absence of government control over the work of those banks that do not have branches on the ground.
A new loophole for money theft and a shortcut for currency smuggling that requires government oversight.
Digital banks in Iraq are another way to smuggle currency after being exploited by banks that have been subjected to sanctions and which require government monitoring and serious action towards them.
Through unsupervised electronic applications, financial transfers are carried out within these applications, without the need for paperwork or financial auditing, which facilitates the transfer process and the possibility of smuggling money in huge quantities.
https://www.alsumaria.tv/news/economy/501878/تحذير-للعراقيين-طرق-جديدة-لسرقة-اموالكم-وتهريبها-الى-الخارج
EXCERPTS FROM MARKZ, 3 OCT
EXCERPTS FROM MARKZ
Leave The Money Exchangers Behind You.' A Specialist Proposes A “Treatment” For The Rise In The Dollar And Makes An Appeal To The Iraqi Central Bank, 3 oct
Leave The Money Exchangers Behind You.' A Specialist Proposes A “Treatment” For The Rise In The Dollar And Makes An Appeal To The Iraqi Central Bank
Economy 10-1-2024 |Baghdad today – Baghdad Mustafa Akram Hantoush, an expert in financial and economic affairs, confirmed today, Tuesday (October 1, 2024), that the
Central Bank of Iraq’s control over banking companies does not solve the long-standing high dollar crisis in the parallel market. Hantoush told “Baghdad Today” that “the Central Bank’s control over the parallel exchange rate (the dinar against the dollar) is not linked to controlling banking companies or restricting the supply of the dollar in the Iraqi market, but rather linked to finding solutions to the demand in the local market resulting from trade in Iran and Syria with more than 10) Billions of dollars annually, and
the solution is through a commercial platform, goods in exchange for gold or transfers to a third country in the region.”
A solution must be found for this matter so that these travelers are not forced to obtain dollars from the parallel market, in addition to the necessity of opening easy accounts for small merchants." The economic expert stressed that
"the open borders with Kurdistan must be controlled, and goods such as detergents and others have very low taxes," stressing:
"If a solution is found to these problems, the exchange rate will stabilize immediately."
On the fourth of last July, the Central Bank of Iraq revealed a new mechanism for travelers to receive foreign currency (the dollar), which will be exclusively through the outlets of companies and banks at international airports, stressing that the goal of the new mechanism, which will enter into force on July 14, 2024, is The dollar reaches the real traveler and passes proper transactions, as well as facilitating travelers’ access to the dollar faster.
The exchange rates of the dollar against the Iraqi dinar witnessed a noticeable increase during the past months, as the selling price exceeded 150 thousand for every 100 dollars.
https://baghdadtoday.news/259037-اترك-الصيرفات-خلفك.-مختص-يطرح-علاجا-لارتفاع-الدولار-ويوجه-نداء-للمركزي-العراقي.html
Bruce’s Big Call Dinar, 3 OCT
Bruce’s Big Call Dinar Intel Tuesday Night 10-1-24 REPLAY LINK Intel Begins
Welcome everybody to the big call tonight. It is Tuesday, October 1, and you're listening to the big call wherever you're tuned in from globally - We hope that we're reaching you. We hope that you're hearing the big call live, as most of our international audience has listened to it in the past, and we thank you for tuning in once again. We have a lot to share tonight on the call. So stay tuned and stay ever vigilant and ready for prayer and praise. So thank you so much everybody for being here tonight, wherever you are, if you are in the damaged areas from Hurricane Helene. We thank you for tuning in. We getting a signal out so everybody can hear it So let’s pray the call in -
Well, thank you, Bob. Let's get into where we are and where we believe we are, as far as the Intel goes.
Tonight is a little bit different in the sense that they're not a whole lot, but the three intel sources that we hear from today are all on the same page, and that's always encouraging to me.
If I get one or two or three that confirm what each other are saying, or they have something that says, Yes, that's what we heard.
And we don't necessarily put these people up against each other at all, but we take each one with their own individual reports, and then we compare and see whether or not there's confirmation in what one is saying compared to another. And so it’s a pretty simple report tonight, we sometimes start with talking about the bond holders. You can remember, we've used the term shotgun start many times on the big call.
And a true shotgun start in golf, for example, is where you load up all 18 holes of a golf course for tournament with foursomes and then somebody pulls the trigger, not on a true shot starting pistol, with a blank in it , and boom, everybody in the golf course, here's the shot, go off, and they all start teeing up at the same time – that is what a shotgun start is for golf - And it applies to if you look at a swim meet, you know these are pistol with the starting line or the starting blocks.
In some cases, they'll use a silent or something different. But point is, it's a simultaneous start. Now what we're hearing about a shotgun start is pretty interesting, because we could get a true, shotgun start, or it could be a slightly staggered start - here's what I mean by that, the bond holders are supposed to be notified over night tonight or tomorrow morning, and that notifies them that They have money in their accounts, and they can begin gaining access to those funds in their accounts.
Now we are in a different situation because the bond holders for the most part have already ponied up their bonds, had them adjudicated, had them, you know, gone through provenance and all that stuff, and they set up their accounts already, so it's just a matter of them getting access to the funds in their accounts. That's tier three. We're in tier four, and we've divided it into tier four, A and B, but Wells Fargo, sees it all as tier four, all right, that's fine.
In our case, we’re hearing we're supposed to be notified overnight, tonight or tomorrow.
May not be tomorrow morning, but it could very well could be tomorrow morning. I've actually heard one source that said, after 9:30 in the morning, maybe that is when it comes out, maybe its between 9:30 and noon – maybe it’s who knows when?
Obviously, we'll take it any time, and if it comes out that we get our notification overnight and wake up to them in the morning and see our emails and log in, we'll be good to go and get our appointment set and go from there.
Now, one thing that's interesting the call centers. Remember, it's important that we separate call center from redemption Center.
Call Center is where we have the 800 number in an email from Wells Fargo specifically sent to us that we call to set up our appointments - my understanding is that the call centers are automated. They are not staffed by people but they will direct us to the call centers using AI, I guess, and direct us to the redemption Center, that is closest to our zip code that we indicated, and by that we will go, and then we will speak to a live human being, a person at the redemption center most likely that will be helping us exercise our exchange that will be most likely, that will be what most likely will happen, and then we'll get a specific details or any specific information that we need to tell that person, like, oh, by the way, I just wanted you to know I have sheet bonds to exchange or redeem, actually redeem, and they'll allow extra time for that. If you have sheet bonds, or a box of bonds - they can supposedly take two boxes of bonds at the redemption center
Now, even though our zim is considered like a bearer bond they are still considering it for currency when it comes to what we're exchanging, we're redeeming the Zim and we're exchanging the currencies.
There are nine currencies as of yesterday that were on the screens fully lit up with rates, that we will actually be able to see and that is the amount that's been narrowed down to currencies that will go up substantially in value.
There are more, and I think more currencies will be on the screens, but bank and redemption center screens, but it's important to know that the ones most likely we have will be are already there and are already lit up, and when the rates came back up Sunday, which is what two days ago, Sunday evening, at five o'clock Eastern time, that's when the Forex came back up. That's when the new rates showed up, and they actually manifested on our bank and redemption center screens on Monday, Monday morning, yesterday.
So today, Tuesday night, we're looking for our exchange to get started. We're looking for our notifications come out and you realize something that I confronted one of my Intel sources today with, and you guys know, I can get a little bit …… well anyway,
What we talked about was how can we help the people that have been tragically affected by this hurricane Helene if we don't have the money to really do any good -- after the exchanges and the redemption of Zim, we would like to be able to help these people.- as part of Rebuild America because
that's exactly what they're doing. And I'm talking about start from the from the south, start from Florida. Okay, start in Florida where Bob is and Trish is, and then go from Florida on up and include parts of costal Georgia, yes, and maybe not even coastal. It could be as far in as Atlanta.
There's, there are areas that need attention – let me put it that way – maybe not upp to speed on Georgia as much as I should be. And then you've got and even Georgia has some up country, to Hill Country, up country. And then you go to South Carolina. And that's up countries, what they refer to it as Aiken,South Carolina, all those towns, let's call it lower Appalachian Mountains, which go through South Carolina. And I don't know how far down that goes.
I know interstate 26 had a major landslide over at least part of it with boulders and earth and everything. And I've been up that interstate, you know, many times, and it's a great road.
And then I 40, interstate 40, you know, goes all the way through NC and see, and then so you've got North Carolina, which is over near Boone. And I heard Boone had 20 inches of rain in Boone and Blowing Rock and Banner Elk - l probably at the base of sugar mountain. And who knows how these humors are going to do? Because I imagine there's major or knows what's going to be like.
But those areas. Have you ever heard of a bat cave, North Carolina, Nashville, of course, think of Maggie Valley. Somebody tell other areas, and North Carolina - those areas need a lot of help.
And, you know, guys, I know we all want to help. I want to help. I want to get rebuild America behind it. We're going to take a look at a go funding page that has already been set up. I believe it was Jared Kirschner that set that up when it's going to support with it.
Maybe learn a little bit more about it and but I know post exchange, I don't want anybody level to do anything now, but we'll be able to get some things, and this is a long term thing, this is two weeks, this is months, if not a couple of years, to get some of these areas back like they used to be and nothing's going to be like it used to be.
So that's what I wanted to bring tonight. I guess I covered more that last portion than I had thought it would, but I know that we'll be in touch, and you'll be in touch with us by email.
We don't want anybody respond to this yet, but we will have new websites put up new URLs. We've already got them on reserve.
Other than that, that's really good. And so far, we've got our international partners and our center leaders and bank bond leaders. They're all investing receiving our emails overnight, tomorrow, and about this is we should have to be right alongside our bondholder friends into your so we should have Nobody should have any unfair advantage over anybody else.
Okay, so keep that in mind, and we will communicate with you by email to make sure we have yours. I'll be talking to people about America and look where's our first place to go. We haven't forgot about Ohio.
Talked about it today and but right now, our concern is from, really, from southwestern Virginia all the way down to where Bob is in
All right, so let's do that, everybody, let's keep an eye on our emails tomorrow. Let's see when, if they show up in morning, or if they show up the daytime, whichever. We all said, Okay, enjoy. Everybody can breathe, right? Okay, and then we'll, we'll turn off the recording,
Coffee with MarkZ. 10/03/2024
QFS & IRAQ CONVERSATION WITH GOLDILOCKS,3 OCT
GOLDILOCKS
"Based on the supervisory and regulatory role of this bank, and in order to enhance the process of external transfer through official channels, it was decided that all licensed banks (in Iraq) will implement external transfers for companies."
Banks use external transfers for companies because they are a quick and easy way to move money between accounts, and they can be used for a variety of purposes:
Paying suppliers and taxes:
Businesses can use bank transfers to pay suppliers and taxes.
Building credit:
Bank transfers can help build credit, unlike some other ways to move money.
Secure:
Bank transfers are generally secure for businesses and their customers, unlike credit card payments which are more susceptible to fraud.
Customers prefer them:
Customers often prefer bank transfers, especially for purchases where they don't want to use a credit or debit card.
No chargebacks:
Unlike credit card payments, customers can't reverse bank transfers.
Record of transactions:
Banks keep a record of transactions, so business owners can check when payments were made and set up automatic payments.
External transfers are a fundamental part of the modern banking system, and they allow individuals and corporations to move money between accounts without having to visit a branch or ATM.
Yes, wire transfers, and now internet transfers, are common ways to send money internationally and exchange it for foreign currency.
Other ways to make cross-border payments include credit card payments, e-money wallets, and mobile payments.
© Goldilocks
https://www.investopedia.com/what-is-an-external-transfer-5185528
https://cbi.iq/news/view/2682