Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8
Billionaire Michael Lee-Chin’s 18 Rules To Creating Long-Term Wealth
Special to Financial Post | Daina Lawrence Thu, October 10, 2024
Billionaire Michael Lee-Chin has 18 principles he has stuck to in order to build his wealth, he says.
The Jamaican-Canadian chairman and chief executive officer of Burlington, Ont.-based private investment firm Portland Holdings Inc., says it is possible for other investors to follow these principles and build wealth, especially younger ones who have time and compounding on their side.
With Warren Buffet as his role model since the 1970s, Lee-Chin has used his prescriptive framework to predict, and invest in, future trends, such as wealth management for a growing baby boomer cohort.
Billionaire Michael Lee-Chin’s 18 Rules To Creating Long-Term Wealth
Special to Financial Post | Daina Lawrence Thu, October 10, 2024
Billionaire Michael Lee-Chin has 18 principles he has stuck to in order to build his wealth, he says.
The Jamaican-Canadian chairman and chief executive officer of Burlington, Ont.-based private investment firm Portland Holdings Inc., says it is possible for other investors to follow these principles and build wealth, especially younger ones who have time and compounding on their side.
With Warren Buffet as his role model since the 1970s, Lee-Chin has used his prescriptive framework to predict, and invest in, future trends, such as wealth management for a growing baby boomer cohort.
Lee-Chin came to Canada in 1970 and studied engineering on a scholarship, then graduate business studies, eventually becoming a financial advisor. In the 1980s, he borrowed money to invest first in Mackenzie Financial Corp., then in what became AIC Ltd. and set up financial services entity Berkshire group of companies, with billions of dollars in assets under management, selling to Manulife Financial in 2009.
Forbes pegged Lee-Chin’s wealth at $1.4 billion in 2023.
What follows is a condensed and edited interview with Lee-Chin, where he shares his investment rules, including the 3 Ps and the 3 Ts, and his predictions on sectors that address an aging baby boomer cohort, as well as world’s energy and carbon challenges.
FP: Is The Investment Environment Of Today Different To When You First Started Investing?
Michael Lee-Chin: It has always been complex.
When I first started as an advisor, I was looking around for a methodology that made sense to me, that I could practise consistently, and that really, if I adhered to the methodology, to the frameworks, the only outcome would be wealth.
A framework that has guided me throughout my life is if you want to be successful at any endeavour, this three-step formula will always work: 1. Identify a role model and choose the most eminent person in that field; 2. Get the recipe; 3. Don’t change the recipe.
Back in the late 70s to early 80s I identified Warren Buffett as my role model. Starting in 1982 I would attend his annual general meetings and I got the recipe.
It doesn’t matter what the investing environment is doing, all of those external factors in the long run mean nothing.
FP: What Advice Would You Have For Young Investors Today?
MLC: When you invest, you have to have some framework that guides you so that you have consistent behaviour. It’s not just arbitrary.
I’m going to tell you the eight characteristics of great investors — those that created their wealth (the first three are what we call the three Ps):
Predict: These people made a prediction about the future;
Plan: They planned for their prediction;
Persevere: They persevered with their plan;
These people also own a few high quality businesses;
They understand their businesses;
They ensure these businesses are in long-term growth industries;
They use other people’s money prudently;
They also hold on to these businesses for the long run.
Whether you’re a beginner, you manage a family office, you’re a professional investor — those eight characteristics are the essence of investing … and of creating wealth. Anything else is speculation.
This brings me to the ten qualities of high quality businesses. These are laws if you want to create wealth. This is our religion. This is our value system.
TO READ MORE: https://www.yahoo.com/finance/news/billionaire-michael-lee-chin-18-110053318.html
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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20
Russia Calls For BRICS Gold Standard | Will It Be Launched This Month?
Smart Silver Stackers: 10-11-2024
Russia's finance minister has just called for the creation of new Bretton Woods style institutions within the BRICS framework.
An important detail of this call to action is that Bretton Woods put the world on a Gold Standard.
The introduction of a Gold pegged currency will have massive implications for Gold, Silver, and anyone stacking physical precious metals, so let's dive into what is on the BRICS agenda!
Russia Calls For BRICS Gold Standard | Will It Be Launched This Month?
Smart Silver Stackers: 10-11-2024
Russia's finance minister has just called for the creation of new Bretton Woods style institutions within the BRICS framework.
An important detail of this call to action is that Bretton Woods put the world on a Gold Standard.
The introduction of a Gold pegged currency will have massive implications for Gold, Silver, and anyone stacking physical precious metals, so let's dive into what is on the BRICS agenda!
00:00 Russia's Finance Minister Just Called For What Might Be A New Gold Standard
1:10 BRICS Finance Leaders Are Meeting In Moscow Ahead For The Annual BRICS Summit
3:24 We Are Due For A Change To The Global Monetary System
4:32 BRICS Has Been Pursuing Dedollarization & Regional Currencies
5:18 New Bretton Woods Insitutions Could Center Around Gold, Just Like The First Time
7:23 Why BRICS Wants A Gold Standard
8:28 BRICS Members Stockpiling Gold
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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20
Friday Evening Chat With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Welcome to another Friday Night before a 3 day weekend
Member: I really hope there is good news tonight…. I could use some
Member: I bet Mark feels like he’s driving a car to the beach and the kids keep asking “Are we there yet?”
Friday Evening Chat With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Welcome to another Friday Night before a 3 day weekend
Member: I really hope there is good news tonight…. I could use some
Member: I bet Mark feels like he’s driving a car to the beach and the kids keep asking “Are we there yet?”
MZ: We do have some interesting news for those willing to sharpen their pencils and think. “ Economic Researcher: The Iraqi budget enters the danger phase”
Mark goes into a lengthy discussion on this very long article….and speaks very fast. If you wish to hear this description of the article be sure to listen to the video.
MZ: This article is telling us we are about to see an exponential change.
Member: This is Petra, part of MM&Crew...Iraq has been removing currency and destroying it for years so IOO, there is much less than 100T. Let's say there is 50T...now drop 3 zero's...that's 50B. Totally within their ability to defend their currency at a higher rate!!
Member: Welcome Petra ……and thank you!
Member: in my opinion... their done, just waiting for the green light. so many promises, projects signed
MZ: “ The central bank continues the implementation of banking reform plans” They are telling us they are working on implementation…and they are getting a lot done. Inflation is not a problem for them
Member: BRICS is really taking about going back on the gold standard and a new currency called “The Unit”
Member: If Iraq goes gold backed….. Iraq has over 10 trillion in today's market value of gold holdings
MZ: “Gold in Iraq: A promising future for mining” this article is from 2015 but tells us how much gold they have in the ground ect. I had the privilege of talking with someone in the industry dealing with equipment….they have started moving a lot of gold mining equipment to Iraq. Iraq’s gold mining industry is starting to explode. They know they have a tremendous amount of gold and rare earth minerals there. . As a Matter of fact experts over there say they may actually eclipse their oil revenues.
MZ: Like Jaimie Dimon said “Iraq will be the economic savior of the world”
Member: How are you feeling about things Mark?
MZ: I am definitely feeling warm and fuzzy
Member: Another intel person says RV on Oct 22nd
MZ: That’s well within what I am hearing..Don’t know if that’s the exact date though
Member: The actual ‘clues’ were: it’s from many that Oct is our month, can’t tell us exact (asked not to); but it ends in “Y” , it has a 2; and he likes Tuesdays.
Member: Thanks Mark and Mods …..everyone enjoy your Friday night’
Member: And hoping this is a wonderful 3 day weekend for us all.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ “Back To Basics” Pre-Recorded Call” for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
JOIN US TOMORROW AT 9:45 AM EST. THE CBD THE FIRST 45 MINS AND MARK GIVE THE NEWS AT 10:30 AM!
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Calls, Chats and Rumors DINARRECAPS8 Calls, Chats and Rumors DINARRECAPS8
Bruce’s Big Call Dinar Intel Thursday Night 10-10-24
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to big call tonight. It is Thursday, October 10TH and you're listening to the big call and hearing some things outside. And I just wanted to see what that was all about. Okay, well, you're listening to the big call. Thanks, everybody. Hold one moment. Yes. May I help you? Hello ? Hello, never mind, at least for right now, never mind, I don't know what that was.
So welcome everybody to the big call. Take two. Thank you for joining us tonight. We welcome everybody out there in big call universe, and we're looking forward to having a great call tonight, probably a shorter call. Maybe we don't know more than an hour for tonight, because Bob will not be with us tonight, like I mentioned in the pre call he is ….. All right, let's see. Let's go. Take three … so Bob won't be with us tonight, but we'll just do whatever we need to do and move forward with the call - but for right now, let's go ahead and pray the call in
Bruce’s Big Call Dinar Intel Thursday Night 10-10-24
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to big call tonight. It is Thursday, October 10TH and you're listening to the big call and hearing some things outside. And I just wanted to see what that was all about. Okay, well, you're listening to the big call. Thanks, everybody. Hold one moment. Yes. May I help you? Hello ? Hello, never mind, at least for right now, never mind, I don't know what that was.
So welcome everybody to the big call. Take two. Thank you for joining us tonight. We welcome everybody out there in big call universe, and we're looking forward to having a great call tonight, probably a shorter call. Maybe we don't know more than an hour for tonight, because Bob will not be with us tonight, like I mentioned in the pre call he is ….. All right, let's see. Let's go. Take three … so Bob won't be with us tonight, but we'll just do whatever we need to do and move forward with the call - but for right now, let's go ahead and pray the call in
Let's see what I wanted to talk about tonight. I don't have a whole lot of Intel, you guys, but what I've got, I think, is very accurate.
And we had heard some things that are giving us the impression that we were going to start, that we would get notified Friday, tomorrow, and it sounded good at the time, but then the new Intel that we got today superseded it. Means it surpassed it, and it's really much more accurate in terms of timing.
So we know that all the redemption centers east of the Mississippi city, for example, are handled by one person, meaning under their under their authority, and this is true for the entire country, not just east of the Mississippi, but that's how we got the information.
This what's going to happen on Monday, which is indigenous peoples day and Columbus Day is that by noon the liaison for all of the redemption centers will receive the email from Treasury and Wells Fargo, and we'll have until five o'clock Monday to get the information out and email to all of the 20 821 redemption centers that are east of the Mississippi
Now the same thing is going to be true by other liaison throughout the entire country, okay, but I'm speaking to our contact, so what that means is they receive it on Monday before, and they have to receive it before five o'clock or by 5pm on Monday, okay? And that's Easter time,
Then Tuesday we will receive our emails with the toll free number on Tuesday at some time – which we do not know -- if we get it early enough, Tuesday, we could quite possibly begin exchanges Tuesday afternoon and evening – on this coming Tuesday, if we get it later in the day, let's say mid to late afternoon On Tuesday, then we would start our exchanges on Wednesday,
Alright let’s put some dates with this -- Monday is the 14th of October, so that's when the emails are to go out to the redemption center leaders by five o'clock Monday, the 15th, 14th, 14th, we would be notified on the 15th and then start either on 15th or 16th of October.
Now that's the long and the short of it right there.
I came to find out that the information about Friday, which means between 11 in the morning tomorrow to 11pm the bondholders are supposed to be notified, not us in 4B - bondholders in tier three, and they will get in that email a certain day and time where they would have access to their funds that they will be able to see in their accounts, probably Tuesday or Wednesday, they'll be able to gain access to those funds - -- to that extent we're looking at shotgun start and no unfair advantage for anyone being tier three and tier 4A, tier 4B which is the Internet Group, Essentially we would be notified approximately the same time within whatever – hours of each other
So that is very basically what we have learned -- Now. I do believe this is happening now, because we've got word that…. remember….. NESARA could give us announcements as early as Monday or Tuesday or Wednesday.
I think really, the other information we heard today was that, let's see the 16th, which would be Wednesday, is the day that Iraq is paying all of their contractors and paying any back pay that they need to pay.
And it's also the day Wednesday the 16th, the day of celebration in Iraq for this RV and their new rate on the dinar, etc. So it looks like our start date would be Wednesday the 16th, but it could be actually, that we would start on Tuesday.
I know we're supposed to get notified on Tuesday whether we start exchanges or not. We'll have see, but the whole thing is lining up beautifully. Now, why do we think we're not getting it this weekend for us, meaning Friday, Saturday, Sunday for us? Bondholders, yes, not us.
I think it's because number one, the hurricanes definitely slowed it down. It set us back possibly a week. But the dates that I gave you are taking into consideration the effects of both hurricanes and the cleanup, which is ongoing now, of course, and what it means is that we're going to with exchanges all the way through and beyond the end of October, or we were going to be about 30 some days – now It looks like we could go as many as 40 to 50 days, depending on the demographics where the redemption centers are located, it's not going to be really that much of an issue for us.
Okay, just remember that you're going to be you've got time to set your appointments and get your exchange is done, and I'm excited about the timing of that bring together nicely for us.
Now, remember, rates in the redemption centers will be the best rates higher than the banks, and this is something that was orchestrated to give us the highest possible rate.
It's true of the dong, and it's certainly true of the dinar as well, because no banks will be able to redeem the Zim except redemption centers, and even if you call the banks, they will refer you to the 800 number, which we're going to get to some appointment if you're a Zim holder.
Okay, so don't think you're going to be smart, but the process by going to a bank not going to be good for you. You'll end up getting lower rates. Okay, so I know that because our people giving us rates on banks and redemption centers.
So really, guys, I think that is everything that needs to be said at this point,
Okay, this weekend coming, and it'd be looking for your emails on Tuesday. Now, if we get what we're expecting to get on Tuesday, we are not really expected to do a call Tuesday night -- If we get our emails before the big call on Tuesday, which I expect we will, then we will not have a call, as you guys will be scrambling, setting your appointments, making your plans for vacation and so on.
All right, let me thank Sue and Bob at GCK Pastor Scott, Jeannie, of the satellite, Pete. Call out to so many countries and their own language. And thank you so much. Victor burst for tuning in. Over the last 13 years. Thank you so much. And let's go ahead and pray the call out
Bruce’s Big Call Dinar Intel Thursday Night 9-26--24 REPLAY LINK Intel Begins 51:11
Bruce’s Big Call Dinar Intel Tuesday Night 10-8-24REPLAY LINKIntel Begins 1:03:35
Bruce’s Big Call Dinar Intel Thursday Night 9-26--24REPLAY LINKIntel Begins 1:08:08
Bruce’s Big Call Dinar Intel Tuesday Night 10-1-24REPLAY LINKIntel Begins1:14:45
Bruce’s Big Call Dinar Intel Thursday Night 9-26--24REPLAY LINKIntel Begins 1:00:40
Bruce’s Big Call Dinar Intel Tuesday Night 9-24-24REPLAY LINKIntel Begins 56:36
Bruce’s Big Call Dinar Intel Thursday Night 9-19--24REPLAY LINKIntel Begins 1:11:30
Bruce’s Big Call Dinar Intel Tuesday Night 9-17-24REPLAY LINK Intel Begins 1:02:20
Bruce’s Big Call Dinar Intel Thursday Night 9-12-24REPLAY LINK Intel Begins 1:13:30
Bruce’s Big Call Dinar Intel Tuesday Night 9-10--24REPLAY LINKIntel Begins 1:07:27
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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8
Good Afternoon Dinar Recaps,
RIPPLE’S XRP INVOLVED IN ANOTHER LAWSUIT AGAINST THE SEC: DETAILS
The SEC had warned Bitnomial that offering XRP Futures could violate securities laws without additional compliance.
Bitnomialhas filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its five commissioners, accusing the agency of overextending its jurisdiction.
The company’s case disputes the SEC’s classification of XRP as a security, which the agency claims qualifies as an investment contract under the Securities Exchange Act.
Good Afternoon Dinar Recaps,
RIPPLE’S XRP INVOLVED IN ANOTHER LAWSUIT AGAINST THE SEC: DETAILS
The SEC had warned Bitnomial that offering XRP Futures could violate securities laws without additional compliance.
Bitnomialhas filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its five commissioners, accusing the agency of overextending its jurisdiction.
The company’s case disputes the SEC’s classification of XRP as a security, which the agency claims qualifies as an investment contract under the Securities Exchange Act.
The Case Details
The Chicago-based exchange, regulated by the Commodity Futures Trading Commission (CFTC),had requested to offer XRP US Dollar Futures in August. This followed a federal ruling that XRP is not considered a security in the SEC’s lawsuit against Ripple.
Shortly after filing,the SEC warned the exchange that moving forward with the listing could violate federal securities laws unless the firm complied with additional requirements. This would include registering as a national securities exchange.
According to the court document,the regulatory body informed Bitnomial that listing XRP Futures would require compliance with securities laws, as they would be classified as “security futures” under joint SEC and CFTC jurisdiction. However, the exchange has objected to that interpretation:
“Bitnomial disagrees with the SEC’s view that XRP is an investment contract and, therefore, a security and that XRP Futures are thus security futures.”
The company also claims the SEC’s stance overextends its jurisdiction into areas typically overseen by the CFTC.
As such,it is seeking a court declaration that XRP Futures should not be classified as security futures. This would protect the exchange from SEC enforcement. The firm also aims to prevent the agency from asserting jurisdiction over XRP Futures or taking any enforcement action relating to their future listing.
Industry-Wide Implications
“Establishing this precedent is not just about XRP; it’s about all digital assets,”said Bitnomial CEO Luke Hoersten in an interview with FOX Business.
He added thatthe firm, unlike others involved in legal disputes with the SEC, has maintained a clean compliance record.According to him,this places them in a unique position to seek a court ruling on whether XRP futures should be classified as securities or commodities.
The case follows similar legal action by Crypto.com, which recently sued the SEC after receiving a Wells notice indicating potential enforcement action. The firm has also accused the agency of overstepping its authority by classifying most crypto assets as securities.
The SEC also just logged a notice of appeal in the Ripple lawsuit. Meanwhile,Investment firm Canary Capital filed on October 8 to launch a spot XRP exchange-traded fund (ETF). This follows a similar proposal made by Bitwise just days earlier.
@ Newshounds News™
Source:CryptoPotato
~~~~~~~~~
BRICS News: 12 Countries Drop US Dollar, Conduct Majority of Trade in Local Currencies While Eyeing Crypto
▪️The members of the CIS alliance have started conducting trade settlements in local currencies. ▪️The goal remains to alleviate the strains from over-dependence on the US Dollar.
The Commonwealth of Independent States (CIS),consisting of 12 countries, now conducts most of its trades with local fiat currencies. This move aligns with the BRICS alliance’s de-dollarization efforts to dump the US dollar for trade settlement.
The CIS countries include Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Georgia, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan.
On the other hand,the BRICS nations initially include Brazil, Russia, India, China, and South Africa.This year, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates have joined the bloc.
CIS Dumps US Dollar for Local Currencies
Russia, also a member of the BRICS bloc,persuaded the CIS to switch from using the US Dollar to national currencies for trade. The other current members concurred with Russia’s proposed trade policy since adoptinglocal currencies would boost their economies.
This year, the CIS bloc rarely utilized the US dollar for trade settlements. Instead,the alliance settled 85% of cross-border transactions in national currencies, adding pressure to the US Dollar.
Russian President Vladimir Putin revealed at the CIS summit that BRICS and CIS will collaborate to permanently eliminate reliance on the US dollar.
“The process of import phase-out is moving quickly, and thus the technology sovereignty of our country is being strengthened,”he said.
The de-dollarization initiatives
Thus, the BRICS-specific de-dollarization goal is now being extended to the CIS alliance.
The de-dollarization initiatives promote regional economic collaboration and deliver higher financial independence for emerging countries. If the current trend persists, the dollar may lose its value, leading to massive deficits and hyperinflation in the US.
The CIS Eyeing Crypto
In the future,the CIS alliance intends to incorporate crypto for cross-border trade settlements.Cryptocurrencies have heralded a new shift to payment services in the last few years.
They promise faster, cheaper, and more transparent transactions, especially across borders due to their anonymity and decentralized framework.
As CNF noted in a previous report,Russia has approved crypto for international payments. This move is part of the country’s attempt to alleviate pressure from Western sanctions while reducing dependence on the US dollar. This development follows the government’s legalization of Bitcoin mining back in July.
Besides Bitcoin, XRP has become a major rival to the US dollar. Despite Ripple’s ongoing legal challenges with the US Securities and Exchange Commission (SEC),the BRICS bloc and Japan are pushing for XRP adoption. In a recent update CNF covered, Ripple’s CEO Brad Garlinghouse says XRP is at the heart of global financial systems.
It is important to note that BRICS has extended its investigation into using gold to challenge the US dollar. Nonetheless,BRICS and CIS have yet to name any digital asset as their official currencyamong member nations. As blockchain and the global financial system progress, many expect this will happen soon.
@ Newshounds News™ Source:
~~~~~~~~~
A GUIDE TO BITCOIN MINING
The rise of cryptocurrency has captured people’s attention worldwide. It promises new possibilities for managing money outside traditional banking and financial systems. This post sheds some light on Bitcoin mining and how a person could get involved.
Bitcoin Mining
Bitcoin is the first digital currency. It uses a decentralized computer network that tracks transactions with many individual users worldwide. A new Bitcoin is created through mining when miners validate a group of transactions.
The network rewards miners with a specific amount of Bitcoin to verify transactions. Blockchain technology underpins the whole Bitcoin operation. The verified transactions get bundled together periodically into blocks and stacked one after the other like links in a chain.
There has always been interest in knowing who owns the most Bitcoin.By most accounts, the single biggest Bitcoin account belongs to Satoshi Nakamoto, the mysterious founder who first launched the revolutionary Bitcoin network concept but has remained in the shadows ever since.
How Does Bitcoin Mining Work?
To add a new block, miners participate in a competitive calculation spree involving complex mathematical problems.Solving these computations requires powerful computer systems running and plenty of electricity.
The miners race to be the first to arrive at the single right response to the question (known as hash). The more guesses made per second, the higher the chances of solving the problem. With more miners joining over time, the difficulty continues to increase.
The potential for profit in Bitcoin miningdepends on various factors. You must consider the significant upfront expenses of buying specialized, high-powered hardware for the job and your ongoing electricity bills.
Some people opt to join a mining pool. When participating in shared group efforts, everyone contributes their resources. However, miners in a pool must share the rewards. Additionally, since Bitcoin’s worth fluctuates greatly, it is challenging to precisely determine the financial return on the time and resources spent.
Getting Started in Bitcoin Mining
There are three things that you would need before starting Bitcoin mining
1. A digital wallet: This stores and manages any Bitcoin or other digital money you obtain.
2. Computer equipment: To help mine Bitcoin successfully.
3. Mining software: To truly participate in generating new currency, specific computer programs are essential. Several mining software programs exist, many of which can be downloaded and used at no cost on common operating systems like Windows or Apple computers.
Common Scams
If you’re considering starting to mine for Bitcoin, you’ll want to be careful about what software, equipment, or groups of miners you join so you don’t get scammed. Here are a few of the most common types of scams:
1. Cloud-Based Services
Some websites claim you can sign up with them and have them do the mining work for you using their computers. Not every service like this is a scam, but you must research before handing over any money.
2. Fake Wallets and Exchanges
When storing your crypto, only use wallet providers with a good reputation in the community. Some scammers make fake wallet sites just to steal people’s private keys. Once they have your keys, your funds are gone for good. Scammers make fake trading sites and contact people through email or social media. Then, they pressure or deceive people into sending money or cryptocurrency to the fake sites.
Endnote
Bitcoin mining is certainly not for the faint of heart. It takes serious computational power, deep technical know-how, and nerves of steel to handle the fluctuating rewards. However, it could yield fascinating rewards for those up for the challenge.
@ Newshounds News™ Source:
~~~~~~~~~
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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20
MikeCristo8: BRICS will Launch an Alternative to the IMF
10-11-2024
MikeCristo8 : The BRICS unit has definitely launched.
BRICS will also launch an alternative to the IMF as the summit.
So Lavrov has been traveling the world, telling foreign heads of state that there is going to an IMF alternative for when the BRICS currency is launched.
MikeCristo8: BRICS will Launch an Alternative to the IMF
10-11-2024
MikeCristo8 : The BRICS unit has definitely launched.
BRICS will also launch an alternative to the IMF as the summit.
So Lavrov has been traveling the world, telling foreign heads of state that there is going to an IMF alternative for when the BRICS currency is launched.
So BRICS is launching World Bank – IMF alternatives and a whole new financial system based on gold, that will challenge the legitimacy of the US dollar
https://twitter.com/BRICSinfo/status/1844425080006377486
Source(s):
https://x.com/MikeCristo8/status/1844448841996878111
https://x.com/MikeCristo8/status/1844465322742645163
https://x.com/MikeCristo8/status/1844467144282734838
https://x.com/MikeCristo8/status/1844524075529461816
https://dinarchronicles.com/2024/10/11/mikecristo8-brics-will-launch-an-alternative-to-the-imf/
KTFA:
Clare: Iraq raises gold reserves to 152.6 tons, according to the World Gold Council
10/11/2024
Iraq’s gold reserves increased by 4 tons in the past two months, reaching 152.6 tons, according to a report issued by the World Gold Council. This increase places Iraq in 29th place globally among 100 countries in gold reserves, according to last month’s data.
At the Arab level, Iraq came in third place after Saudi Arabia and Lebanon, as data recorded an increase in Iraqi gold reserves from 148.3 tons to 152.6 tons.
Last August, Mazhar Mohammed Salih, economic advisor to the Iraqi prime minister, confirmed that gold represents about 10% of Iraq’s foreign currency reserves. He pointed out that the reserve had reached 148 tons at the time.
It is worth noting that Iraq recorded a gold reserve of 145 tons and 661 kilograms last February, indicating that the continuous increase reflects financial stability and stability in cash liquidity.
Globally, the United States holds the lead in gold reserves with 8,133 tons and 300 kilograms, followed by Germany with 3,351 tons and 500 kilograms, and then Italy in third place with 2,814 tons. LINK
Alicia2015: great to see Iraq increase gold reserves ahead of BRICS summit this month
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Wolverine ...What I heard is that huge Whales have received their notifications and are flying to their destination to receive their blessing...I can’t say more until I’m allowed to speak. Nothing is guaranteed in this journey but I have absolute faith that any day we are going to receive the news we’ve been waiting for...
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Minister of Finance on TV saying they have activated the automation and digitalization process. FRANK: That's important. Digitization...is the backbone of the monetary reform. That's what's going to move the currency in and out of the country but more so out there when it starts to float for us...That will add the Real Effective Exchange Rate to your currency.
We Are In The ENDGAME Now...
Lynette Zang: 10-11-2024
Today we are talking about the implementation of Basel III in the central banks and how THIS is the ENDGAME...
The Fed Is Failing the U.S. Economy by Ignoring This Metric, Here’s What Next
Kitco News: 10-11-2024
he Federal Reserve is flying blind with its policies because it completely ignores the M2 money supply metric, says Steve Hanke, Professor of Applied Economics at Johns Hopkins University.
"The Fed doesn't understand what it's doing, and it's not watching the money supply," Hanke tells Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News.
"How can you be running a central bank and have a macroeconomic model that doesn't even include money? That's the one thing that central banks produce. It's kind of bizarre. Quite frankly, it's stupid, but I'll use the word bizarre and be polite."
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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20
Forget $50 Silver, "$150 Is Appropriate": Mike Maloney's Bold Prediction
10-11-2024
Join Mike Maloney and Alan Hibbard as they dive deep into the ‘last great precious metals bull market’. Discover why Maloney believes silver is poised to break past $50 and soar to $150, driven by global economic factors and Russia’s strategic move to accumulate silver reserves.
They discuss the current silver chart patterns, why Mike believe’s this is the final bull market for gold & silver, the growing central bank interest in precious metals, and how the weaponization of the U.S. dollar is accelerating the decline of fiat currencies.
Forget $50 Silver, "$150 Is Appropriate": Mike Maloney's Bold Prediction
10-11-2024
Join Mike Maloney and Alan Hibbard as they dive deep into the ‘last great precious metals bull market’. Discover why Maloney believes silver is poised to break past $50 and soar to $150, driven by global economic factors and Russia’s strategic move to accumulate silver reserves.
They discuss the current silver chart patterns, why Mike believe’s this is the final bull market for gold & silver, the growing central bank interest in precious metals, and how the weaponization of the U.S. dollar is accelerating the decline of fiat currencies.
Don’t miss this urgent analysis as it's a must-watch for anyone looking to understand the future of silver and gold in a rapidly changing world.
Argentina's Decision Surprised the World: Will Argentina rejoin BRICS?
Fastepo: 10-11-2024
Argentine President Javier Milei's recent shift in his stance toward China highlights a practical adaptation in his political approach, potentially signaling implications for both his administration and the United States.
Surprisingly, this statement comes from Javier Milei, Argentina’s well-known anarcho-capitalist, and not from a typical supporter of communism.
Nearly a year into his presidency, Milei expressed unexpected appreciation for China in a recent TV interview with a local celebrity, noting his favorable impression of the country.
20% Of U.S. On Welfare; Household Bankruptcies Surging | Danielle DiMartino Booth
David Lin: 10-10-2024
Danielle DiMartino Booth, CEO of QI Research, discusses the state of the economy, outlook for monetary policy, and major risks to the markets today.
0:00 - Intro
0:50 - Geopolitical risks
2:45 - Reaction to Fed’s 50 bps cut
5:20 - Labor market cooling
10:31 - Foreign workers
11:33 - Bankruptcy cycle
12:50 - Fed monetary policy outlook
14:40 - Welfare
17:30 - Widening deficit
20:35 - Banks’ unrealized losses
22:30 - Declining liquidity
26:00 - Soft vs. Hard landings
28:30 - Stocks vs. Yields
31:00 - Homes and natural disasters
32:10 - Major risks and asset allocation
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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20
Coffee with MarkZ and Mr. Cottrell. 10/11/2024
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Hello, to all the magnificent souls all over the world
Member: The weeks are sure flying by quickly…..but maybe this 3 day weekend is the one we have been waiting for.
Member: Mark….what is the good word for today?
Coffee with MarkZ and Mr. Cottrell. 10/11/2024
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Hello, to all the magnificent souls all over the world
Member: The weeks are sure flying by quickly…..but maybe this 3 day weekend is the one we have been waiting for.
Member: Mark….what is the good word for today?
MZ: My top bond people are saying bonds are ready to go. They clearly said that they expect the release at any moment and they are all prepared and ready. They are just waiting for the green light.
MZ: I had another contact who said if the final paperwork for a certain series of Historic bonds is not submitted by next week- they go to the end of the line……That doesn’t mean others could not go at any time though.
Member: Sounds like a shotgun start!!
MZ: A shotgun start makes the most sense to me.
Member: Are your redemption center folks working this weekend?
MZ: I don’t know yet….waiting to find out. I do know somebody in Reno that is working on the bond side this weekend…..but the banking side has not yet checked in.
Member: I had heard that we might see something on the dinar within 36 hours
Member: Bruce is saying Monday/Tuesday.
Member: My bank in the UAE sent a notification that online services will be down on the 12th and 13th for system updates. I also received an email inviting me to open a multiple currency account…. Interesting
Member: I wonder……Does the BRICS Summit Oct. 22 have any influence on the RV timing?
Member: (From Dinar Guru) Mnt Goat I have to start off with...some really good news, actually some WOW! WOW! WOW! news...we can see the path now and very clearly. So, finally we get word that Iraq has met all it requirements to join the World Trade Organization (WTO)...This DOES NOT make the RV imminent...all these recent activities and events matter and the RV is a “by product” of all these events not a singular event in itself... The view is now in sight and the writing is on the wall. So much on the wall that I do not believe anything is going to stop it short of a major disaster.
MZ: I will not argue that ….The writing is all over the wall.
MZ: “The United Nations launches from Baghdad : as Iraqi and Arab anti-corruption programs” This is for the entire region….
MZ: Meanwhile at TD bank: “TD Bank to pay $3 Billion penalty after admitting to money laundering” bet they made more than $3 Billion through laundering it.
MZ: “The Minister of Finance says we need to adhere to timetables to achieve Economic Reforms” He is pointing out they have done an exceptional job but want to speed things up. Part of those economic reforms is an increase in the purchasing power.
Member: MORE economic reforms... almost like they are PREPARING for something
MZ: And they are modernizing their stock market. It has been a booming success.
Member: How close do you really think we are weeks, months and years.. in your honest opinion
Member: I am still watching for a system crash and new asset backed money
Member: I am still waiting on the election to be over.
Member: Maybe the RV will start and finish for a great Christmas for all
Member: if everything goes at once….like a new financial system, new asset backed money, and a reset of currencies….that makes sense to me.
Member: Some people say no RV until March…..ugh
Member: They are talking about Nesara I believe….not the RV.
Member: My perception on the March reference is that we will be seeing the results of the RV by then and what it has done for everyone because all of the humanitarian projects that will be visibly working
Member: This movie is the suckage level of 10 Hoover’s!!!
MZ: I think it might be more than that….lol
Member: The movie is called Idiocracy. It’s not supposed to be a documentary. Lol
Member: The white hats need to do something significant to make us believe again!!!!!
Member: God bless everyone in here and don’t stop praying
Member: It's a Good Day to get Wealthy!!! Come on RV!!!
Member: Have a wonderful Columbus Day Weekend……..and let’s go RV!!!!!!!
Member: let's all stop hoping and start believing that the RV will happen.
HAVE A GOOD DAY ALL! JOIN ZESTER AT 5:00 PM EST! LATER ALL!
Mr. Cottrell joins the stream today. Please listen to the replay for his opinions and infrmation
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8
Good Morning Dinar Recaps,
XRP NEWS : RIPPLE CTO DROPS BOMBSHELL AMID RLUSD LAUNCH – IS XRP AT RISK?
▪️RLUSD launch raises questions about XRP’s significance in cross-border payments.
▪️XRP offers no counterparty risk, unlike stablecoins, strengthening its position on XRPL.
▪️Experts predict XRP could rise to $2.47-$10, pending favorable market and legal outcomes.
As Ripple prepares to launch its RLUSD stablecoin, some XRP community members are worried about its impact on XRP’s importance.RLUSD, currently in beta testing and set to launch soon, will be available on the XRP Ledger (XRPL) and Ethereum and may support Ripple’s On-Demand Liquidity (ODL) in some capacities.
Good Morning Dinar Recaps,
XRP NEWS : RIPPLE CTO DROPS BOMBSHELL AMID RLUSD LAUNCH – IS XRP AT RISK?
▪️RLUSD launch raises questions about XRP’s significance in cross-border payments. ▪️XRP offers no counterparty risk, unlike stablecoins, strengthening its position on XRPL. ▪️Experts predict XRP could rise to $2.47-$10, pending favorable market and legal outcomes.
As Ripple prepares to launch its RLUSD stablecoin, some XRP community members are worried about its impact on XRP’s importance.RLUSD, currently in beta testing and set to launch soon, will be available on the XRP Ledger (XRPL) and Ethereum and may support Ripple’s On-Demand Liquidity (ODL) in some capacities.
Despite this promising application, some supporters wonder if RLUSD could reduce XRP’s importance, especially for cross-border payments.
Ripple’s CTO Stands Firm on XRP’s Role
David Schwartz, Ripple’s CTO, responded to these concerns, clarifying that XRP has special functions on the XRPL that RLUSD cannot replace. For instance, only XRP can pay for transaction fees on the XRPL, and each account on XRPL must hold some XRP as a reserve. He added that XRP’s biggest edge over stablecoins is its lack of counterparty risk and freedom from jurisdiction limits, unlike any stablecoin.
Schwartzalso highlightedXRP’s “autobridging” feature, which automatically connects liquidity between different assets on the XRPL, making XRP an essential tool in the ecosystem.
Schwartznoted thatXRP’s role is more than just a transaction token; it’s also a bridge asset, helping with transfers between digital assets.
Will RLUSD Compete with XRP?
Schwartzacknowledged thatif RLUSD or other stablecoins become more efficient, XRP could face competition. However,he believes that XRP’s unique features make it difficult for stablecoins to fully take its place.
Community Suggestion On XRP
SomeXRP community memberssuggested raising transaction fees or the minimum XRP balance on XRPL to increase XRP scarcity and boost its value.Ripple’s CTO,David Schwartz, explained thatsuch changes would need community consensus & noted that the XRPL should prioritize usability over speculative value.
Ripple’s exploration of new features, like theEVM sidechainandsmart contracts,aims to expand XRPL’s functionality while ensuring XRP’s critical role remains irreplaceable.
Will the XRP Price Surge?
As of now, XRP is trading at $0.53, down 0.8%, but there are mixed signals about its future. A bullish pennant pattern on the weekly chart suggests that XRP might break out soon.
However, the 14-day Relative Strength Index (RSI) is at 37.96, showing it is close to being oversold, which could lead to a small price increase. If legal challenges are resolved, some experts believe XRP could rise significantly, with price targets between $2.47 and $10 in a strong market.
@ Newshounds News™
Source:Coinpedia
~~~~~~~~~
NEW INDUSTRY BILLIONAIRES: US REGULATORS RECEIVED OVER $32B FROM CRYPTO COMPANIES
U.S. regulators have imposed $32 billion in fines on crypto companies to resolve compliance disputes. Who did they make the most money from?
Of the total, a record $19.45 billion came in 2024.This is due to the $12.7 billion payment to FTX and Alameda Research. In August,Judge Peter Castel ruled that the firms must pay, jointly and severally, $8.7 billion in restitution to those who suffered losses. In addition, the agreement calls for a $4 billion fee to be paid in return for the ill-gotten gains.
The settlement with Terraform Labs brought regulators $4.5 billion in 2024.The firm will pay about $3.59 billion in interest and a fine of $420 million.Its founder, Do Kwon, will pay $204.3 million in interest, fines, and compensation and must accrue at least the same amount to the “bankruptcy estate,” which will be distributed among investors.
Among the most significant fines were Binance’s $4.3 billion and Celsius’s $4.7 billion, which occurred in 2023. As part of the case, the largest crypto exchange was ordered to pay a fine of $1.81 billion in a criminal case and will lose $2.51 billion in compensation.
“The leading global crypto exchange agreed to plead guilty in November 2023, to resolve lawsuits with multiple U.S. regulators including the Department of Justice (DOJ), Treasury Department and the Commodity Futures Trading Commission (CFTC).” From theCoinGecko report
As for the Celsius fine, in 2023,the U.S. Federal Trade Commission announced a settlement against the Celsius Network. As part of the agreement, Celsius and its subsidiaries were prohibited from offering, selling, or promoting any product or service that may be “used to deposit, exchange, invest, or withdraw any asset.”
Terra was the catalyst for the bear market, followed by the bankruptcy of Celsius, and culminated in the collapse of FTX in November 2022.Of these crypto platforms, only Binance remains operational, remaining the largest centralized exchange by trading volume.
However, the sharp increase in recovery amounts occurred in 2023, when the total amount of settlements for claims by U.S. government agencies amounted to$10.87 billion across eight cases.
@ Newshounds News™ Source:
~~~~~~~~~
UYEDA: SEC’S CRYPTO APPROACH A ‘DISASTER FOR THE WHOLE INDUSTRY’
In a candid interview on Fox Business’s Mornings with Maria, SEC Commissioner Mark Uyeda sharply criticized the agency’s handling of crypto,acknowledging thatits current strategy has been “a disaster for the whole industry.”
Uyeda’s remarks come amid mounting legal challenges, including a fresh lawsuit filed by Crypto.com against the U.S. Securities and Exchange Commission following the issuance of a Wells notice.
Crypto.com’s lawsuit alleges that the SEC has overstepped its jurisdiction by enforcing regulations on the cryptocurrency market without issuing clear regulatory guidance.The Wells notice—a formal communication from the SEC indicating that enforcement action is likely — accused Crypto.com of operating as an unregistered broker-dealer and securities clearing agency due to its handling of tokens that the SEC deems securities.
Uyeda’s critique of the SEC’s approach highlights a growing frustration within the agency and the wider crypto industry.
“We have been sending this ‘policy through enforcement,’”Uyeda stated, referring to the SEC’s practice of targeting companies with legal actions without offering explicit guidance on how they should operate within existing regulations.“We’ve done nothing to provide guidance on it,”he continued.“And as a result, this has been shaped by the courts. And different courts have ruled in different ways.”
Indeed, the SEC’s reliance on enforcement has led to legal battles, including a high-profile case againstRipple Labs.
The courts have often delivered mixed rulings, adding to the uncertainty for crypto firms. While the SEC recently lost a major ruling to Ripple XRP regarding the classification of XRP tokens, the agency has already filed an appeal, signaling that these legal struggles are far from over.
Crypto firms are fighting back
Crypto.com’s lawsuit is just the latest in a series of legal confrontations between the crypto industry and the SEC.The lawsuit, sparked by the Wells notice, argues that the agency has been regulating beyond its mandate. Crypto.com’s leadership insists that legal action is necessary to protect the future of cryptocurrency innovation in the United States.
Mark Uyeda refrained from commenting directly on the Crypto.com litigation, but he emphasized the broader issue of the SEC’s failure to offer clarity.“We have not provided interpretive guidance as to what you can and cannot do,”Uyeda said, adding thatthe lack of clear rules has left companies guessing about how to comply with securities laws.
Uyeda’s comments also touched on the SEC’s broader regulatory philosophy, particularly in relation to environmental, social, and governance mandates.He criticized the agency’s focus on ESG issues,suggesting thatsuch efforts often stray from financial relevance.
“It is about micromanaging a lot of what corporations are doing on things that have absolutely no financial purpose,” he said, adding that financial regulators should not be vehicles for social change.
@ Newshounds News™ Source:
~~~~~~~~~
🌍THE CONSTITUTION FRIDAY NIGHT CALL WITH SEEDS OF WISDOM TEAM|Youtube
Join us for a LIVE CALL tonight in theConstitution roomat 8 pm ET, 7 pm CT
Find previous calls on our Youtube Channel here:The Constitutionon Youtube
@ Newshounds News™ Source:
~~~~~~~~~
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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 11 Oct. 2024
Compiled Fri. 11Oct. 2024 12:01 am ESTby Judy Byington
Judy Note: To add to our concerns a Global Financial Collapse was unfolding that was caused by the Cabal. Although, a Quantum Financial System was already fully operational that would soon trigger the biggest wealth transfer in the history of the World.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 11 Oct. 2024
Compiled Fri. 11Oct. 2024 12:01 am ESTby Judy Byington
Judy Note: To add to our concerns a Global Financial Collapse was unfolding that was caused by the Cabal. Although, a Quantum Financial System was already fully operational that would soon trigger the biggest wealth transfer in the history of the World.
All in preparation for a gigantic Worldwide Black Swan Event and NESARA/GESARA Revolution to transfer wealth from the Cabal back to The People.
An Emergency Broadcast System Worldwide Alert was Imminent.
Possible Timing:
On Wed. 9 Oct. 2024 BRICS 12 Countries Ditched US Dollar, Pay 85% Trade in Local Currencies: https://watcher.guru/news/brics-12-countries-ditch-us-dollar-pay-85-trade-in-local-currencies
Mon. 14 Oct. 2024 marks a key date. The old banking system—Bank of America, Deutsche Bank and JP Morgan— were about to collapse. The QFS will take over as stock markets crash. The elites can’t stop it.
~~~~~~~~~~~
Global Currency Reset: (Opinions/Rumors)
Thurs. 10 Oct. 2024 Wolverine: “The process has defiantly started. There are around 40 million emails that will be sent out by Wells Fargo so you can set your appointments. It is expected to happen within the next few days and defiantly within this month.”
Wed. 9 Oct. 2024 TNT: “The Dinar International Rate on bank screens is $3.91. It won’t drop below $3.57. The banks have a hold on it. They have designated a time for it to happen. The window opens at 2pm EST today and could be in the next 72 hours or through the rest of the week.”
~~~~~~~~~~~~
Thurs. 10 Oct. 2024 Bruce:
A source who is the liaison for all Redemption Centers east of the Mississippi informed Bruce that by noon on Mon. 14 Oct. 2024 all Redemption Centers liaisons like him will receive a Wells Fargo email that contains exchange instructions. They will have until 5 pm that Mon. 14 Oct. to get that email out to all Redemption Center Heads under them.
On Tues. 15 Oct. Tier 4b (us, the Internet Group) will receive emails from Wells Fargo telling us how to make redemption appointments.
On Wed. 16 Oct. Tier4b can start their appointments.
Exchange appointments will be held for 40 to 50 days and go well beyond the end of October.
On Fri. 11 Oct. Bond Holders are to be notified through email from Wells Fargo as to when they can gain access to their accounts – which will likely be on Tues. 15 Oct.
We could have NESARA/GESARA announcements on Mon 14 Oct, Tues 15 Oct, or Wed 16 Oct.
Wed. 16 Oct. is a celebration day for Iraq and the day they will pay their contractors.
Redemption Centers, not banks, will give you the highest rates.
Wed. 9 Oct. 2024: MILITARY INTEL! Global Strategic Impact: Starlink’s Military Applications, RVs & GESARA, and the Quantum Financial System – amg-news.com – American Media Group
Thurs. 10 Oct. 2024: BREAKING! Global Collapse Unfolding NOW – QFS Fully Operational and White Hats Ready to Liberate Us From the Elite’s CBDC Scam and Trigger the Biggest Wealth Transfer Ever! – Gazetteller
~~~~~~~~~~~~
Global Financial Crisis:
Thurs. 10 Oct. 2024: Bitcoin falls under $59,000. Dow Jones and S&P fall dramatically down into the red as inflation report is released.
Thurs. 10 Oct. 2024: Russia calls on it’s BRICS partners to create an alternative to the International Monetary Fund.
Read full post here: https://dinarchronicles.com/2024/10/11/restored-republic-via-a-gcr-update-as-of-october-11-2024/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat I have to start off with...some really good news, actually some WOW! WOW! WOW! news...we can see the path now and very clearly. So, finally we get word that Iraq has met all it requirements to join the World Trade Organization (WTO)...This DOES NOT make the RV imminent...all these recent activities and events matter and the RV is a “by product” of all these events not a singular event in itself... The view is now in sight and the writing is on the wall. So much on the wall that I do not believe anything is going to stop it short of a major disaster.
Militia Man The council of Ministers, who we've been talking about a lot have been in the news with Al Sudani. He had two COM meetings in one day, which is unheard of...You can see where this is headed ... What they're painting a picture of is Iraq is imminently going into the international world.
BRICS Preparing for Impending Currency Collapse | Alasdair Macleod
Liberty and Finance: 10-10-2024
Alasdair Macleod discusses the impending global financial upheaval and its potential impact on currencies worldwide, including the Euro, Yen, and Sterling.
He emphasizes the urgency for individuals to convert credit into gold, which he regards as "real money" despite governmental skepticism.
Macleod highlights the significance of the upcoming BRICS summit, noting that countries outside the traditional financial system are exploring alternatives to the U.S. dollar, potentially backed by gold.
He warns of a looming crisis where fiat currencies could collapse, drastically reducing purchasing power for everyday people in the West.
Overall, he urges listeners to be proactive in safeguarding their financial future amidst these turbulent changes.
INTERVIEW TIMELINE:
21:30 Currency collapse
33:42 Silver's fundamentals
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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20
TNT:
Tishwash: We will not wait for companies, we will act
Baghdad reaches an understanding with the Doha Stock Exchange: Iraqi shares will be able to be traded in Qatar as well
The Iraqi Securities Commission revealed a project with the Qatar Stock Exchange that will allow for the joint establishment of companies, leading to “dual listing” that will allow the listing of Iraqi shares in both the Iraqi and Qatari markets.
The commission member, Wadah Al-Taha, said that it will not wait for major and promising companies to list their shares on the Iraqi Stock Exchange, but will form a committee to encourage those companies. He pointed out that expanding the Iraqi Stock Exchange requires the listing of government sector companies on the stock exchange.
TNT:
Tishwash: We will not wait for companies, we will act
Baghdad reaches an understanding with the Doha Stock Exchange: Iraqi shares will be able to be traded in Qatar as well
The Iraqi Securities Commission revealed a project with the Qatar Stock Exchange that will allow for the joint establishment of companies, leading to “dual listing” that will allow the listing of Iraqi shares in both the Iraqi and Qatari markets.
The commission member, Wadah Al-Taha, said that it will not wait for major and promising companies to list their shares on the Iraqi Stock Exchange, but will form a committee to encourage those companies. He pointed out that expanding the Iraqi Stock Exchange requires the listing of government sector companies on the stock exchange.
Waddah Al-Taha - Member of the Board of the Securities Commission, in an interview with the media figure, Dhikrayat Muhammad:
Expanding the work of the Iraq Stock Exchange requires restructuring mixed companies, through the government sector relinquishing its shares and listing and offering them for investment, while we work on listing public government companies.
Usually, stock markets around the world represent a mirror of a country’s economy, but in Iraq, the stock market does not reflect the economy, for several reasons, including the weakness of the investment culture, the decline in government support and understanding, in addition to the fact that the importance of listing and initial public offerings is unclear to private sector companies.
We seek to “deepen” the Iraqi Stock Exchange, meaning diversify its sectors participating in the subscription, with the aim of reducing the ceiling of investment risks and creating relative attractiveness for investors. We are currently working on merging our governance draft with the draft of the International Finance Corporation to give a global character to our investment environment and send reassuring messages to foreign investors.
Instead of waiting for promising emerging companies to come to the Iraqi market for listing, we are currently working on forming a specialized committee to move towards such companies and reach an understanding with them in order to list their shares in the market. The criteria for selecting the targeted companies revolve around performance, financial efficiency, company history, sector quality, and management nature.
We have a memorandum of understanding with the Qatari side, and we hope to approve it during the coming period. It has very good content, as it allows us to establish companies jointly, and we aspire to reach the stage of “dual listing” where the Iraqi stock can trade in the Iraqi and Qatari markets, in addition to applying the regulatory standards in effect there.
We apply a high level of “global standard” procedures in terms of combating money laundering. The market is very safe in this regard. Our standards are sometimes harsh and restrictive for investors, but they ensure that there are no illegal financial activities. link
************
Tishwash: Trade Bank of Iraq announces the number of transfers completed since the launch of the Central Bank platform
The Trade Bank of Iraq announced today, Thursday, that it has transferred more than 4,000 remittances since the launch of the Central Bank platform.
The bank's media advisor, Aqil Al-Shuwaili, said in a statement to the Iraqi News Agency (INA): "More than four thousand various transfers have been transferred to companies and individuals since the launch of the Central Bank of Iraq platform until today, October 10, 2024."
He added, "250 transfers were transferred from the Iraqi bank to the relevant authorities, including commercial, industrial, and even educational transfers link
************
Tishwash: Minister of Finance stresses the need to adhere to timetables to achieve economic reforms
Finance Minister Taif Sami Mohammed stressed, on Thursday, the need to adhere to timetables to achieve economic reforms.
A statement by the ministry, seen by Al-Eqtisad News, stated that "Minister of Finance Taif Sami Mohammed chaired a meeting to follow up on the implementation of the government program related to financial, economic and digital affairs, where she reviewed the latest developments in the plans and procedures adopted by the government to achieve economic and financial reforms and discussed the challenges facing the implementation of the program."
The minister stressed, according to the statement, "the importance of adhering to the specified timetables and achieving the desired goals in enhancing economic stability."
The statement added that "the meeting addressed the most prominent economic and financial indicators, and reviewed the results of the reforms that have been completed so far, in addition to discussing ways to accelerate the pace of reform in vital sectors. Sami stressed the need for cooperation between all parties to achieve sustainable development and improve the standard of living for citizens."
The statement concluded by saying that "the minister urged the concerned parties to continue working hard and intensifying efforts to ensure the success of the reform program and achieve sustainable economic growth link
************
Tishwash: Very frank” talk from Al-Sudani’s advisor: They will bomb us and we will be strategically patient like Iran
"A new map is coming, whether we like it or not."
Ibrahim al-Sumaidaie, advisor to Prime Minister Mohammed Shia al-Sudani, said that the new regional map in the region “is happening, whether we like it or not,” and therefore it is necessary to invest in Iraq’s role, as it ranks second in the United States’ interests after Israel, warning that “the one who falls will fall, and do not let us fall.”
The advisor pointed out that Tel Aviv launching a strike inside Iraq instead of Iran is possible and is the most likely scenario, especially if it fails to reach an understanding with Tehran. He said that Iraq is an unarmed country and cannot do anything other than political diplomatic options due to the clear Western superiority, “even the Russian S-400 anti-aircraft missiles were unable to repel the Kremlin’s missiles.”
He criticized the actions of “some brothers who are gnawing at al-Sudani’s flanks, even though he defends them before the United States and tries to prevent a strike against Iraq.” He called for Iraq to adopt the Turkish method in dealing with the risks of war, as well as the Iranian method “which invented the policy of strategic patience.”
He concluded by saying, “The West sees us as a successful country (..) All the Americans want is for us to be an economic zone not subject to Russian military influence, or Chinese economic influence, without the existence of (sub-state) as this world is ruled by states and not armed groups, and the majority of the political forces supported by the reference are with this trend.” link
Mot: Folks on da INternet can beee soooo Helpful at times!! – LOL
Mot: ... Finally
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