Jon Dowling & Eli Weber Discuss The Crypto Boom, Iraq Updates & World Fi...

Coffee with MarkZ and Andy Schectman. 03/13/2024

In 2023.. America “Produces The Most Oil In The World” For Years, And Iraq Ranks Fifth,13 MARCH

 In 2023.. America “Produces The Most Oil In The World” For Years, And Iraq Ranks Fifth

Energy   Economy News _ Baghdad   The United States of America continues to lead the world as the largest oil producer for at least the past 10 years, as it ranked first in 2023, as in previous years, while Russia came second, Saudi Arabia third, Canada fourth, and Iraq fifth.

The US Energy Information Administration said that the United States produced more crude oil than any other country at any time, and for the past six consecutive years, the average production of crude oil in the United States, including condensates, reached 12.9 million barrels per day in 2023, breaking The previous US and world record of 12.3 million barrels per day was set in 2019.

The administration indicated that the record for crude oil production in the United States in 2023 is unlikely to be broken by any other country in the near term because no other country has reached the production capacity of 13.0 million barrels per day.

The United States, Russia, and Saudi Arabia together accounted for 40% (32.8 million barrels per day) of global oil production in 2023, and these three countries have produced more oil than any other country since 1971.

Although the first place has changed among them over the past five decades. By comparison, the next three largest producers - Canada, Iraq and China - combined produced 13.1 million barrels per day in 2023, only slightly more than was produced in the United States alone.

According to the administration's statistics, Iraq ranked fifth in the world in terms of oil production, after America, Russia, Saudi Arabia, and Canada. - https://economy-news.net/content.php?id=41389

"QFS CONVERSATION WITH GOLDILOCKS" , 13 MARCH

 GOLDILOCKS

"Global banks participate in large-scale blockchain pilot test" 

No one can deny the fact that we are moving into a global digital economy at this point. When you have "...155 participants from 45 major organizations have settled real-world assets across 22 blockchains," you have a consensus model. 

Major financial institutions such as Goldman Sachs, BNY Mellon and Cboe Global Markets completed a large-scale pilot test using blockchain technology. Yes, this included the Forex Market on the CBOE Exchange. 

"Institutional investors executed over 350 simulated transactions via distributed ledger technology in areas such as tokenized assets, fund registry, digital cash, repo, securities lending and margin management on the Canton network."

The pilot test included:

* 15 asset managers

* 13 banks

* four custodians

* three exchanges 

* and the Stablecoin issuer Paxos Trust.

“With the Canton Network, a digital bond and a digital payment can be composed across two separate applications into a single atomic transaction, guaranteeing simultaneous exchange without operational risk,” according to a press release from Canton. It added, “Likewise, a digital asset could be used in a collateralized financial transaction via connection to a repo or leveraged loan application.”

The Canton Network includes:

* Deloitte 

* Deutsche Börse 

* Microsoft 

* Moody’s 

* and S&P Global.  

Folks, we have an operational Digital Global Monetary System. It has been tested and awaiting final touches on the digital payment system (stablecoins), messaging system, and crypto regulations to move through the legislative process. 

If you have been doubting that the new Financial System is "digital," it's time to wake up.

© Goldilocks

IMF Approval for RV/RI?!💣All Banks are Prepared!🤔Iraq Dinar RV Updates |...

Sudanese plans to visit Washington to lift ban on banks banned from dealing in dollars, 13 MARCH

Sudanese plans to visit Washington to lift ban on banks banned from dealing in dollars

Mawazine News – Baghdad
The head of the Iraqi Securities Commission, Faisal Al-Haims, announced that three Iraqi banks are punished by the US Treasury, and 25 banks are banned from dealing in dollars.
Al-Haims said in a televised interview followed by Mawazine News that “dialogues with the American side in order to lift restrictions on Iraqi expenses began a month ago on a periodic and intensive basis.”
He added, “Dialogues with the American side on lifting restrictions on Iraqi banks will reach their peak when Prime Minister Mohammed Shia’ al-Sudani’s visit to Washington to revive confidence in the Iraqi banking sector.”

https://www.mawazin.net/Details.aspx?jimare=243761

Iraqi bank friend Aki Update BY WALKINGSTICK, 13 MARCH

  Walkingstick 

 [Iraqi bank friend Aki Update] 

They had a zoom meeting.  It was with the CBI, all other banks and US Treasury, IMF, everybody, they were all in this zoom meeting.  

They told him a lot but the only important thing...was I was told once again, 'We need you to be back at the bank because at anytime you are going to be very busy.'  Aki is just like you and I, sitting there waiting...

 [Iraqi Bank Friend called #1 Update - He owns 7 banks, 2 in Jordan] 

 About two weeks ago  we told you IOO the banks of Iraq were going to be receiving sample sheets/specimens. 

 They were very very precise pictures of the lower notes.  It turns out #1 has them. ..They started to practice and use them but they needed more help so they requested. 

 You will see this request on the CBI website probably within this week where they are requesting help with the security features in the small notes that they are practicing counting, sorting and training right now  ..

.The new software will be with them and the banks within this week.

https://dinarevaluation.blogspot.com/2024/03/iraqi-bank-friend-bank-story-by.html  

 [Iraqi Bank Friend called #1 Update - He owns 7 banks, 2 in Jordan] 

 About two weeks ago we told you IOO the banks of Iraq were going to be receiving sample sheets/specimens. 

 They were very very precise pictures of the lower notes.  It turns out #1 has them. ..They started to practice and use them but they needed more help so they requested. 

 You will see this request on the CBI website probably within this week where they are requesting help with the security features in the small notes that they are practicing counting, sorting and training right now..

.The new software will be with them and the banks within this week.  

https://dinarevaluation.blogspot.com/2024/03/iraqi-bank-friend-bank-story-by.html