Saturday, February 17, 2024
Currency speculators make confessions via INA , 17 FEB
Currency speculators make confessions via INA
The Directorate of Combating Organized Crime of the Federal Intelligence and Investigation Agency at the Ministry of Interior detained individuals who were involved in dollar speculating, bank card smuggling, and gambling. The confessions of these individuals are published by the Iraqi News Agency (INA).
Dollar-speculating
During his confession of engaging in dollar price speculation, one of the accused stated, "What we are doing is withdrawing the dollar from the market, and when its prices rise, it is resold again."
"Some offices of currency exchange businesses or Qi companies operate in buying and selling dollars and making transfers without official permission," he said.
Trafficking in bank cards
"We load the card in Iraq at the official exchange rate, then withdraw money in the UAE through an ATM, and then transfer it to Iraq at the parallel market price," stated a second person charged with bank card trafficking.
He declared: "I obtained 34 cards through illicit means. I obtained citizens' documents by using them to issue cards while posing as a seller of electrical devices that I planned to sell in installments.
Gambling through (Forex)
Although "the Forex site is speculating in global currencies, whether the dollar against the euro or the euro against the yen and enters the gambling field," another accused who engaged in gambling on the website acknowledged this.
"The Central Bank and the Iraq Securities Commission have not granted a license to the company we work for," he said, adding that "the mechanism of work in Forex includes the introduction of citizen courses through targeting them on Instagram or Facebook, where the citizen enters a course in this work and we educate him in this field."
"Not to be drawn into these things because they are illegal," he urged the people.
In an interview with the Iraqi News Agency (INA), Colonel Ahmed Mohammed, the Director of media for the Federal Intelligence and Investigation Agency, reaffirmed that the arrests of those responsible for these acts are being carried out in compliance with the law under Article No. (2) of the Anti-Money Laundering and Terrorism Financing Law No. (39) of 2015. link
Basel III Empowers the Citizens, Not the Banks BY ARIEL, 17 FEB
Basel III Empowers the Citizens, Not the Banks
Ariel
@Prolotario1
I Guess This Is The End:
The Fall of Baal Info came out via Militia-Man & Crew that confirm what I shared with you all about Texas when redeeming currency for precious metals that once the Iraqi Dinar is on the Forex anyone will be able to convert into Gold & Silver.
Do you all know how monumental this is?
Remember the 43 states that pass bills to make metals legal tender? This means your money will be 100% tax-free. This means that if you purchase property with gold mortgage, taxes, liens, etc, it will not be a factor in any capacity.
Why do you think bankers fear Basel 3?
Remember what the MBA stated a few days ago? That the entire model of real estate will change because of B-3. “The Mortgage Bankers Association (MBA) has voiced strong opposition to the Basel capital rule changes, pointing out seven key areas that could affect major banks and regional banks, lenders, servicers, and borrowers within the housing finance ecosystem. Here’s a closer look at these crucial concerns”. End quote.
Basel 3 empowers the citizens. Not the banking industry. This is why they are now trying to double down on the Dodd Frank Act. Which allows the bank to legally confiscate your money making them impervious to lawsuits.
You all have to understand. In the 1970s, boomers bought houses for 10k-20k. Now do you all see why bankers were crying to Congress about Basel 3 on Capitol Hill a couple of months ago?
The days of writing up mortgages with interest rates that only exist on a computer screen with nothing in the bank vaults to support the contract written out homebuyers that agree to honor that over decades on a monthly basis. Not knowing they financially entrapped themselves by signing off on a document that allows the bank to seize or confiscate your property due to delinquency in payments for money they never physically possessed themselves to underwrite a contract based on nothing but a promise and not assets are over.
https://www.bloomberg.com/news/articles/2024-02-12/basel-iii-threatens-real-estate-financing-in-us-mba-chief-says
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chillininnh70
@ShawnMinor34355
My local bank recently announced they were getting out of the mortgage business. At the time it struck me as surprising. Guess now I know why. They’ve been around since 1831. Basel 3 baby.
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Ariel
@Prolotario1
The incentive to make money in the mortgage market will be taken away once Basel 3 is implemented. Which is wonderful for citizens.
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george wilson
@georgew41206252
I can add to this. I am selling my house and buying another one. When we asked for wiring instructions the escrow officer said we can transfer direct from our account to escrow. She said it’s a brand new program. In 20 years of real estate my wife has always had to wire money.
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Ariel
@Prolotario1
Amazing. I guess ISO-20022 is working it’s magic.
Weekend News with MarkZ. 02/17/2024
VP Kamala Harris holds talks with PM Al-Sudani in Munich: American Perspective, 17 FEB
Shafaq News / The White House stated, on Friday, that Vice President Kamala Harris met with Prime Minister Mohammed Shia Al-Sudani of Iraq today in Munich, Germany.
According to the statement, "The Vice President and Prime Minister Al-Sudani reaffirmed their mutual interest in a strong and enduring partnership as envisioned in the U.S.-Iraq Strategic Framework Agreement."
"The Vice President emphasized the commitment of the United States to supporting Iraq in achieving a secure and stable future for its people, which is critical to ensuring a prosperous and interconnected Middle East."
The statement continued, "The Vice President urged the Iraqi government to prevent attacks against U.S. personnel and expressed appreciation for the Prime Minister’s efforts to date."
She stated that "the United States has no higher priority than the safety of U.S. personnel, and will act, as needed, in self-defense."
The leaders also discussed the importance of "continuing the U.S.-Iraq Higher Military Commission, which will enable the transition to an enduring bilateral security partnership between the United States and Iraq and is the natural next step to build on the very successful collaboration of the past 10 years between Iraq and the Defeat ISIS coalition."
The two leaders also discussed the importance of continuing U.S.-Iraq economic and energy cooperation through the High Coordinating Committee and continuing to economically integrate Iraq into the broader region.
The Vice President reiterated President Biden’s invitation to Prime Minister Sudani to visit the White House.
earlier today, Prime Minister Al-Sudani’s media office stated that Iraq's prime minister, Mohammed Shia Al-Sudani, met US Vice President Kamala Harris on Friday and reaffirmed the country's unwavering position on sovereignty.
The subject of Al-Sudani's discussion with Harris on the fringes of his attendance at the Munich Security Conference (MSC) 2024 was bilateral relations between the United States and Iraq.
"One of the topics of discussion was confirming the need for ongoing communication via the Joint High Committee to wrap up the Global Coalition's activities against ISIS in Iraq. This is because the Iraqi military is becoming more capable and the threat posed by terrorist remnants is waning."
During the discussion, there was also talk about expanding the scope of the Strategic Framework Agreement between the US and Iraq to include all sectors of economic and developmental cooperation.
Reiterating Iraq's firm position on sovereignty over its land, Al-Sudani emphasized that "this concept is non-negotiable in any situation."
"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 17 FEB
Frank26
[Iraq boots-on-the-ground report]
FIREFLY: Al Suandi is on TV news Channel One saying the best and the only way to improve the electronic payment system is the CBI should remove the three zeros, print the new currency and give us a one month period to exchange our currency. This will show the power of the dinar over the dollar...He also said this will get rid of citizen holding cash and any smugglers and money laundering.
FRANK: ...That's what they're about to introduce to you, your new exchange rate to match your lower notes...the lower notes will only work with a new exchange rate. I can't believe they keep saying this to you constantly every day...You are within arms reach...One month...I believe they'll give you longer than that. Outside with us it should also be a longer time to exchange...
FIREFLY: A guy comes on TV and he talks to us about how the end of the Untied Nations mission official has removed all sanctions from Iraq...
FIREFLY: So far we are not seeing the lower notes but they talk to us about them every day. They just talk to us about them and why we'll need them.MILITIAMAN CC HIGHLIGHTS CC NOTES, 27 NOV
MILITIAMAN CC HIGHLIGHTS CC NOTES Summary Updates on Iraq’s federal court decisions regarding salaries, budget discussions, and Central Ban...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...