Texas Snake Sun. 23 July: Banker advised to have all trained staff in currency exchange process to be on immediate call beginning Mon. 24 July.
Goldilocks Sun. 23 July:
The Stock Market is getting ready to go into correction after FOMC meeting this week.
On Thurs. 27 July Basel 3 Compliance will be implemented in the banks. This was expected to create shocks and adjustments in our markets and payment systems as they move into a real value.
The last week of July US citizens were expected to receive restoration allowances that paid them back illegal interest given to the Cabal, plus SS payments would increase.
On Wed. 23 August the new gold/asset-backed Quantum Financial System would be made public.
1. To indirectly or directly helping in contribute funds to rebuild this country after become war torn country since US invasion last 2003.
2. To create enough demands for IQD so that its currency value can appreciate steadily as time passed even before listed at forex market, thus eventually can increasing purchasing power of money of the Iraq citizens nationwide, reducing inflation rate and help Iraqi Dinar to recover back to previous rate level before war.
3. To help myself and any person that facing financial difficulties in life, to achieve financial security and financial freedom by participating in this currency speculation, which opportunity may exist once in entire lifetime.
4. To teach as many person as possible, how to 'bait fish', instead of directly give 'fish' which is money, with forecast anyone can earn, but how long can maintain the new found wealth is entirely depends on the financial intelligence of the individual.
5. To help as many person as possible who believe and have good faith in this currency speculation, golden opportunity to finally can release from keep on need depends on job security, to avoid become slaves to money forever.
Elon Musk is nothing if not a prolific multi-tasker and a few years ago he and a couple of his closest billionaire pals launched what Eric Fry is calling“Project Omega.”
Eric believes the technology behind this project could create an estimated $15.7 trillion in new wealth and mint a new wave of millionaires, billionaires, and even the world’s first trillionaire.
The Teaser
These billionaires have been silently working on this project for the past seven years and on November 30, 2022, they flipped the switch on.
Eric Fry has spent the last 30 years working in Silicon Valley and on Wall Street as a broker, entrepreneur, analyst, and hedge fund manager – he must be a multi-tasker like Elon. We have previously exposed his stock picks here on Green Bull and also reviewed some of his teasers, like his “iFuel” Hydrogen Stocks.
Based on the bit of info Eric has shared so far, I think I know where this is going…
Back in 2015, Elon Musk, Peter Thiel, and Sam Altman – the billionaire pals used $1 billion of their own money to create OpenAI.
Originally a nonprofit startup focused on researching and developing artificial intelligence, it struck gold with its first chatbot – ChatGPT.
Once they realized what they had created, a for-profit subsidiary was quietly incorporated and ChatGPT was launched to the world in November 2022.
AI’s Netscape Moment
Before Google or any web browser for that matter, the internet was a place frequented only by hardcore tech geeks who knew how to navigate a complex digital maze.
Netscape changed all of this.
As the first web browser, it enabled anyone to easily view and navigate the internet, which exploded adoption.
As the first AI-enabled consumer chatbot, ChatGPT is now doing something similar with artificial intelligence.
It is making AI easily accessible to everyone, which will likely make its rate of adoption look like the internet in 1995.
The only difference is that it will all happen much faster, as ChatGPT has already been adopted 42 times faster than the internet!
We could be catching a revolutionary technology just as it goes mainstream and Eric has identified 3 companies that he believes will be the biggest winners of this AI revolution.
The Pitch
All of their details including their names and ticker symbols are inside a special report called The Top 3 Stocks for the AI Revolution.
The only way to access it is with a subscription to Fry’s Investment Report for $49, which is 75% off the regular price of $199. For this, we’ll receive 12 monthly issues, which include at least one investment recommendation per issue, three more bonus reports, access to an online archive, and a members-only website.
Warp-Speed Growth
More than just a shiny new technology, AI will fundamentally transform society and it will do so in record time.
Elon Musk believes so himself:
The way I see it, mechanization took us from an agrarian economy to an industrial one starting at the end of the 18th century.
Following this, the invention of telecommunications, electronics, and eventually the internet enabled light automation.
Now, artificial intelligence will give rise to heavy automation.
What does this mean for society at large and for us as individual investors?
In the first instance, artificial intelligence (“Project Omega”) will cause large-scale disruption.
We are already starting to see this among the corporate rank and file in the first half of the year, with some 3,900 jobs lost to heavy automation. So far, the damage has been limited to the tech sector. But other industries that are slower to adopt new technology will eventually follow suit. We are still a few years away from this happening.
As far as what it means for investors, large-scale disruption = opportunity.
Digital Gold Rush
Make no mistake…
We’re about to see a huge wealth transfer from those who are clueless about AI or dismiss it outright to those who understand it and make it work for them.
Wired Magazine has called it an “AI Gold Rush” and we are at the onset of it, like some doe-eyed miners with pickaxes during the Klondike gold rush.
In fact, this is already happening. AI pure-plays like Intuitive Surgical (Nasdaq: ISRG)
Innodata (Nasdaq: INOD)
And BigBear.ai (NYSE: BBAI) are all up big since the start of the year
These stocks have already given shareholders the chance to make two, three, and even eight times their money.
Now, Eric has 3 stock recommendations that could do as well or even better in the months ahead. Let’s find out what these are together.
Revealing Eric Fry’s “Project Omega” Picks
We are given precious few clues about each of the three stock picks. See for yourself:
AI Company #1
This company recently started using AI to predict the onset of diseases.
AI Company #2
It is building the infrastructure that AI is built on. Investing in it could be like “investing in steel during the construction of railroads.”
AI Company #3
Eric believes this last company will help take AI robots mainstream.
That’s it, that’s all we get folks. Eric does throw in one chart near the end of his presentation which shows how the three stocks have fared against the S&P 500 up until the end of March. This ended up being our saving grace.
Source: investorplace.com
If we work back from this standpoint and try and match up each pick to its stock performance through the first quarter of the year, we end up with the following:
AI Company #1 (Black Line): Alphabet Inc. (Nasdaq: GOOG). The bit about using AI to predict the onset of diseases is likely a nod to Google Health, which is an early AI adopter.
AI Company #2 (Green Line): The infrastructure of AI pick is Intel Corp. (Nasdaq: INTC).
AI Company #3 (Blue Line): Finally, the company that is supposed to make AI robots mainstream is Amazon Inc. (Nasdaq: AMZN).
The chart of these stocks aligns perfectly with that of Eric’s above:
The Biggest Winners of the AI Revolution?
Historically, the winners of the last revolution have always been the victims of the next.
Could this change this time around?
It’s a possibility due to the sheer size and amount of data (the foundation of AI), the likes of Google, Amazon, and Intel now hoard like a troll under a bridge hoards gold. But I wouldn’t bet on it.
Take ChatGPT for example, the first AI-based chatbot came from a startup (OpenAI), rather than one of the big established names.
I expect the next big advances in AI like iDar technology for self-driving cars and chatbots for customer service and e-commerce to come from venture-backed startups rather than any large incumbent. The biggest winners of the AI revolution are still yet to be determined.
Quick Recap & Conclusion
Silicon Valley hanger-on Eric Fry says the technology behind “Project Omega” could create an estimated $15.7 trillion in new wealth and mint a new wave of millionaires, billionaires, and even the world’s first trillionaire.
We later learn that the technology behind what Eric calls “Project Omega” is actually Artificial Intelligence (AI) and he’s identified 3 companies that he says will be the biggest winners of the AI revolution.
These 3 picks are revealed in a special report called The Top 3 Stocks for the AI Revolution. The only way to access it is with a subscription to Fry’s Investment Report for $49.
Eric was uber stingy with his clues, but thanks to a well-placed chart we were able to reveal all of his picks for free. They are Alphabet Inc. (Nasdaq: GOOG), Intel Corp. (Nasdaq: INTC), and Amazon Inc. (Nasdaq: AMZN).
Not very inspiring picks and most likely, not the biggest winners of the AI revolution either.
A New Update.. Learn About The Exchange Rate Of The Dollar Against The Dinar In The Iraqi Markets
Economy | 10:16 - 07/23/2023 Baghdad - Mawazine News The exchange rate of the dollar continued, on Sunday, to rise in the Iraqi markets. The selling price of 100 dollars was recorded for 153 thousand dinars. The purchase price was recorded at 151 thousand dinars, compared to 100 dollars. Ended 29 / h
The United Nations Reassures The Iraqis About The Mosul Dam: It Is Safe And The Water Level Can Be Raised
Local | 03:15 - 07/23/2023 Baghdad - Mawazine News Today, Sunday, the United Nations Industrial Development Organization (UNIDO) outlined the details of its support for Iraq with the water file, while noting that the Mosul Dam is safe and the water level can be raised.
"The organization's project in Iraq focuses on raising and developing the capabilities of workers in the Dams Authority of the Ministry of Water Resources, and in various dam projects in Iraq," said Harry Beechcroft, the organization's associate project manager.
Beechcroft added, "Another goal of the organization is to provide dam projects and the Dam Safety Unit, which has now become the Dam Safety Department in Baghdad, with the necessary equipment to sustain its work."
He pointed out that "an international council of experts was summoned to the Mosul Dam for the purpose of evaluation, and the results were very reassuring, and it recommended in its last visit to raise the level to 325 meters above sea level, and this means that the dam is safe and the water level can be raised without any problems."
He stressed, "The recommendation of the Council of Experts to raise the water level in the dam was very welcomed by the Ministry of Water Resources." https://www.mawazin.net/Details.aspx?jimare=231907
Al-Sudani And Al-Hakim Stress The Need To Support The Government's Measures In Implementing Economic Reforms
political | 04:39 - 07/23/2023 Baghdad - Mawazine News, Prime Minister Muhammad Shia' al-Sudani, and the head of the Wisdom Movement, Sayyid Ammar al-Hakim, stressed today, Sunday, the need to support the government's measures in implementing economic reforms.
The media office of the Prime Minister stated in a statement, that "Prime Minister Muhammad Shia'a al-Sudani received the head of the Wisdom Movement, Mr. Ammar al-Hakim, and during the meeting they discussed developments in the general situation in the country, and the need to support the government's measures in implementing economic reforms, and meeting the needs of citizens for services in various basic sectors."
He added, "The meeting witnessed an emphasis on attributing the government's steps to stabilize stability, and the importance of concerted efforts in order to face challenges in all their forms, with the aim of providing the guarantee environment for the success of investment plans and achieving sustainable development." https://www.mawazin.net/Details.aspx?jimare=231916
Iraq Reduces Its Holdings Of US Bonds To 8 And A Half Billion Dollars
Sunday 23 July 2023 10:23 | Economical Number of readings: 399 Baghdad / NINA / - The US Treasury announced, on Sunday, that Iraq had reduced its holdings of US bonds to 8 and a half billion dollars during the first five months of the year 2023.
The Treasury said in a schedule, that "Iraq reduced its holdings of bonds during the first five months of this year, starting from January to May, to 8.5 billion dollars, to reach the 36th rank among the countries with the largest possession of US treasury bonds, of the 38 countries included in the table of countries.
And she added, "Iraq's possession of US bonds in January amounted to 41.2 billion dollars, to decrease to 40.7 billion dollars in February, and to decrease to 39.3 billion dollars in March, after which it decreased again in April to 34.8 billion dollars, and decreased in May to 32.7 billion dollars," noting that "Iraq's possession of US bonds in January of the year 2022 amounted to 40.8 billion dollars."
And she indicated that "Iraq came as the fourth largest Arab country in the largest possession of US bonds, after Saudi Arabia, the Emirates and Kuwait."/ End 11
The Iraqi dinar pays the bill for the confrontation between Washington and Tehran
7-22-2023
The Iraqi dinar pays the bill for the confrontation between Washington and TehranBAGHDAD – The crisis of the collapse of the Iraqi dinar’s exchange rate against the dollar has returned to the forefront, prompted by US sanctions against 14 Iraqi banks that Washington believes constitute a vital artery for the flow of hard currency to Iran, while the Iraqi government is powerless to curb the escape of the parallel exchange rate.
The Finance Committee in the Iraqi Parliament intends to summon the Governor of the Central Bank, Ali Mohsen Ismail Al-Alaq, and the Minister of Finance, Taif Sami Muhammad Al-Shukraji, next week, to find out the reasons for not controlling the parallel exchange rate, but it does not seem that this will solve a problem that Iraq has previously experienced in the midst of the declared confrontation between Washington and Tehran.
And every time the US Treasury Department takes measures to surround financial flows to Iran in hard currency, Iraq finds itself in the heart of a crisis because there are suspicions of manipulation by Iraqi banks related to dollar sales (buying dollars from the central bank and reselling them to Tehran outside legal frameworks).
In the second crisis affecting the Iraqi dinar in a few months, it seemed clear that the Iraqi economy is the one driving the confrontation and rivalry between the United States and Iran.
Previously, US restrictions on Iraqi banks for the same reason triggered a crisis in Iraq and prompted thousands of Iraqis to demonstrate in the street, condemning the collapse of the dinar and the government’s failure to move to stop the financial hemorrhage.
Iraqi sources said that the exchange rates of the dollar rose against the Iraqi dinar in the markets of Baghdad and in Erbil, the capital of the Kurdistan region, after Washington imposed sanctions on 14 Iraqi banks, in a crisis similar to that of last year.
The matter is related to the parallel price, that is, the exchange rate of the dollar in the market and exchange offices, and not the official rate set at 1132 dinars per dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers.
“The government tried to control the exchange rate by reducing the dollar from 145 to 130, and was able to provide remittances to countries to which remittances can be sent,” the Iraqi Kurdish “Shafaq News” agency quoted MP Moein Al-Kadhimi, a member of the Finance Committee, as saying.
However, he added, “But there are other countries from which Iraqi merchants import, and US sanctions prevent sending these remittances, forcing them to obtain dollars from the parallel market.”
He pointed out that this matter “leads to the dollar’s price remaining high in the market, and the recent measures of the US Federal Reserve not to deal with a number of private banks had an impact on the rise in the dollar’s price, to reach 155.”
Al-Kazemi said that the Parliamentary Finance Committee will host the governor of the Central Bank and the Minister of Finance during the next week to find out the real reasons for the inability to control the parallel price.
He attributed the lack of control over the parallel exchange rate to the US punitive measures that affected 14 private banks, adding that “the sanctions imposed by the United States on countries such as Iraq, Syria, Iran, Lebanon and even on some Turkish companies lead to an increase in the black market demand for the dollar.”
US punitive measures prevent these banks from conducting transactions in dollars as part of a comprehensive campaign to transfer US currency to Iran.
This was not the first time that the US Treasury Department imposed sanctions and restrictions on Iraqi banks as part of an attempt to surround and curb financial flows in hard currency from banks in Iraq to the Iranian Revolutionary Guard or the bodies and groups associated with it inside and outside the Islamic Republic.
Tehran had previously accused Washington of conspiring against Iraq and held it responsible for the crisis of the collapse of the Iraqi dinar last year in return for the high exchange rate of the dollar in the Iraqi arena, a crisis that triggered a wave of protests in which Shiite militias loyal to Tehran participated.
Last November, the US Treasury Department prevented four other Iraqi banks from accessing the dollar and imposed, in cooperation with the Central Bank of Iraq, stricter controls on financial transfers in the country in general.
The American Wall Street Journal quoted a US official as saying, “We have strong reason to suspect that some of these money laundering operations may benefit, either to individuals covered by US sanctions or to people who may be covered by sanctions,” adding, “The main risk of sanctions in Iraq is definitely related to Iran.”
