Friday, March 15, 2024
The Battle For The Dollar And Illegal Trade Is Exhausting The Iraqi Market.. What Do Iranian Goods Have To Do With It?, 15 MARCH
The Battle For The Dollar And Illegal Trade Is Exhausting The Iraqi Market.. What Do Iranian Goods Have To Do With It?
Economy |Today, Baghdad today – Baghdad Economist Nabil Al-Marsoumi confirmed today, Friday (March 15, 2024), that eliminating illegal trade is the best way to reduce the gap between the official and parallel rates of the dollar against the dinar.
Al-Marsoumi said in a post on Facebook, “Finally, the Central Bank of Iraq admitted that illegal trade is the reason for the gap between the official and parallel rates of the dollar against the dinar.”
He added, "The solution lies in eliminating this trade and then stopping the import of Iranian goods specifically," stressing that "this is not possible practically or in maintaining this gap, which is what will most likely happen."
The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced on Thursday (March 14, 2024) an understanding with the US Treasury to reconsider the sanctions imposed on Iraqi banks.
Al-Alaq said in a press statement, after being hosted by the Parliamentary Finance Committee, on Thursday, and followed by “Baghdad Today”, that “the process of printing the local currency takes place according to the required financial cover.”
He pointed out that "the instability of the exchange rate is due to the presence of illegal trade carried out by small traders and some speculators."
During the past months, the United States prevented dozens of Iraqi banks from conducting transactions in dollars as part of a comprehensive campaign against transferring the American currency to Iran and other countries subject to sanctions in the Middle East.
The US Treasury - in cooperation with the Central Bank of Iraq - imposed stricter controls on financial transfers in the country in general. As a result, the value of the Iraqi dinar declined against the dollar, and the prices of imported goods rose. LINK
Coffee with MarkZ and Mr. Cottrell. 03/15/2024
"RV UPDATE" BY TEXAS SNAKE, 15 MARCH
BRUCE'S BIG CALL, 15 MARCH
Bruce’s Big Call Dinar Intel Tuesday Night 3-12-24
REPLAY LINK Intel Begins 1:01:30https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHTyn
Welcome, everybody to the big call tonight – It’s Tuesday, March 12th and you’re listening to the big call – Thanks for tuning in wherever you are listening from, you could be all over this beautiful globe of ours. And like I said last time, I think we’ve been averaging between 14 and 16 million listeners on the big call globally. That’s our international group. That doesn’t include our United States crowd. That’s getting it differently than we’re sending it out, globally. But thanks for listening, everybody. Let’s do this.
Let’s do this you guys. Let’s get into sort of the Intel portion of the call tonight.
We had information over the last several days and specifically yesterday – let’s start with the Admiral – Admiral Bob of the Admiral’s group that was told b the Treasury he had the green line at noon yesterday to get the notifications to the admirals groups members last night into today.
And then we had word that we from the same source in tier 4B – the Internet group would get notified today and start tomorrow. Well, there was a hiccup in the system we found out this afternoon.
There was some cleanup that needed to be done. And it appears that it was a as a result that the Federal Reserve which has been absorbed into the treasury along with the IRS was absorbed in the treasury, – There was a situation where IRS was trying to find a way to tax the admirals groups and the intermediaries, who are the introducers of the bonds from the bond seller to the buyer. They are called – kinda like a facilitator, that they call them intermediaries.
So they were trying to get in the middle of that and that needed to be shut down, which it was. Don’t worry about the tax thing. It’s not going to happen. So don’t worry about that.
This is really good news. But it took the paperwork getting completed by the Treasury that this was no longer a concern and fed is dead. Basically there is no federal reserve – the function of the Federal Reserve you know was to make loans to the banks so that they could get money get currency to operate with.
Well, that stopped Monday. That was yesterday. Wasn’t it – Yesterday there were no more loans to be made to the banks. And that was because the USD is basically phased out all around the globe, and including with our Federal Reserve. So the good news is – we’ll get back to our timeline – The good news is we got stopped out by maybe a half a day to a day
And we’re expecting — this information came from another source later this afternoon – That said we expect to receive our notifications from 8pm Tonight, Eastern Time. So that’s Eastern Daylight Time and it’s a little after 10 o’clock now. So anytime from now, let’s say to noon tomorrow – we should be notified according to one of our sources – should receive our notifications, which will be the emails from Wells Fargo servers out of Atlanta.
That will tell us that we have our numbers and give us our toll free numbers to set our appointment and then the additional good news is add further to that. A second transmission from this source said that we should be exchanging still tomorrow.
So let’s say we get our notifications in the morning tomorrow or overnight tonight, or some combination and we get those and we set appointments. We should be able to exchange tomorrow afternoon, evening. Okay?
And we’re not stretched out necessarily at this point beyond tomorrow. So that’s really good news that took care of this problem. – That took care of the issue that was with the Federal Reserve and IRS
And So beyond that – that timing and that timeline I wanted to say something about Trusts.
There are people that selling trusts are trying to get certain people with amount of Zim to buy a trust and all that good stuff. Be very careful about that. Before you do that. I want to say this though.
The people I’m gonna say this is Treasury This is the Wells Fargo banks. They want us to have a trust within 10 days of the exchange. Many of us already have a master trust that we’re going to use for our primary Wells account for the exchange. And some of us have LLC that we set up for a project like I’ve done but they just would like you to have a trust within 10 days after you exchange.
So get with if you have an attorney, a trust attorney that can do that or if you don’t you get with Wells Fargo their wealth managers, I think they call them premier bankers, Premier bankers and just get they should be able to do the Trust for you or turn you to somebody in the wealth management division of Wells that will be able to create a trust or several for you.
There are companies that are still out of Wyoming – that does multiple trusts and they have a package of those trusts. That’s a possibility. You know, you can do whatever you need to do but I think the main reason is so that when you walk out of the redemption center, and you’re a millionaire to quite brillionaire – You’re coming out of there –
Basically, you need the asset protection that the trust will afford you – you need to get started with your asset protection with trust and have that all set up with you. Make sure you have good trustees that you can work with yourself being one and you want spouse whatever your deal is, being a trustee that just work with the attorneys to create that trust. Soon after you exchange.
That way you’ll have some asset protection – none of us in this game should have or will other than a living will. That’s for medical reasons. but a will you know you have no protection, your whole financial history everything that you’ve got is seen by everyone.
It’s a public type thing and there’s no reason to have probate when it comes to your things. If anything should happen to you. You want to make sure that you have your assets lined up with that asset protection so that it remains private and remains just between you and your heirs. That’s it.
So be — I haven’t really talked to anything about this yet. But it is important I think to get that and maybe Wells is the place to start unless you have a trust attorney. I’m fortunate to have a trust attorney. I’ve already done that work. But you know, that’s really what we want to do.
Okay, other things that are happening around the globe as of Monday, which was yesterday and think of it as Sunday and Sunday night – is our time — in China there’s no more fiat currency being used we are primarily talking USD – our Fiat dollar, no more fiat currency, no more fiat currency in Vietnam.
No more fiat currency used in North and South Korea, also in the Middle East, with Iraq with Iran, with Libya, Syria, and a number of other Middle Eastern countries. They’ve all gone to their own asset backed currencies or gold back and in the situation of the BRICS, and in situation of of Iraq and Iran.
The Iraqi Dinar and Iranian rial are gold backed and so you know, we’re a little late to the game because we’ve allowed some of our banks to hold this up to push this back. and we’re just I don’t know why but we had about 21 We have about 23 banks, that I think that is plus all of their branches that needed to close their doors yesterday because they’re incapable of getting loans from the Federal Reserve it’s dead. It’s gone. The Fed is dead.
So I think that’s a good thing for us. And we with our exchanges, because remember the banks that work with us like Wells Fargo, they picked up 0.025 – .025% of our exchanges, they pick up that – it doesn’t come out of our side of exchange don’t worry about that. And the person that exchanges you picks up .025% So it turns into real money after a while especially when you’re redeeming zim.
Alright, so suffice to say that we with our exchanges, are rehydrating the banks with USN – okay, and getting their balance sheets back up. That’s why they can’t wait to exchange currencies and take the zim in as a redeemed asset.
And that’s really very important that we’re actually helping the banking system to get rehydrated and get their balance sheets like they should be.
Otherwise, I’m actually very, I think, I think the admirals groups and us in tier 4B or the internet groups are looking to be notified probably at about the same time. It’s possible that the admiral groups go first. And maybe they get notified overnight tonight. That’s just a theory I have – late tonight. or overnight, and maybe we’ll pick it up in the morning. but you know, if the one source is correct, we should get this by noon tomorrow. so let’s see what happens with that –
If that is the case. We probably will not have any more calls. This will be our last call. So let’s hope that’s the case. I think I am as ready as you guys are to make this see that happen
And we’ll have more to say about that later. But that’s the way that we’ll be able to communicate with you when we stop doing calls which should be tonight doing these calls on the airways that we’re doing
So that’s what I wanted to bring to you guys tonight. I’m excited about everything happening and going down now. So let’s pray the call out and see what happens between now and noon tomorrow. Eastern Daylight Time.
"QFS CONVERSATIONS" WITH GOLDILOCKS, 15 MARCH
GOLDILOCKS
The Securities and Exchange Board of the India is expanding their framework of Qualified Stock Brokers. This is expected to protect the interest of investors and expand compliance for Stock Brokers engaged in asset exchanges such is foreign currency and more.
These registration requirements for compliance and security are expected within 180 days of March the 8th, 2024. Global Index Providers do not fall under this category. You will be glad to know that many of the foreign currency trades fall under this category.
This does not exclude this sector of the market from expansion or security compliance issues. It will be going through these economic reforms as well. We are just simply not going to have to wait for these changes to be complete to move forward.
In other words, India is going through a re-indexing process inside their stock market that will enable them to expand their Foreign Currency Exchange Market through the Unified Payments Interface (UPI). The UPI will allow India to focus on their ability to connect to Global Banks near and far through payment systems inside the QFS.
This will allow India to expand their ability to trade with local currencies around the world, instead of, just a few that fall into the category of a World Reserve Asset and higher values in a few other currencies.
© Goldilocks
https://affairscloud.com/sebi-expands-framework-for-qualified-stock-brokers-mandates-registration-of-index-providers/
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